Can I retire at age 61 with 6,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$569,796$564,720$559,768$554,935$550,216$540,434
2 years$282,077$276,824$271,732$266,796$262,007$252,186
3 years$186,183$180,907$175,829$170,939$166,228$156,672
4 years$138,246$132,986$127,958$123,152$118,555$109,339
5 years$109,491$104,263$99,301$94,592$90,124$81,274
6 years$90,327$85,138$80,250$75,646$71,312$62,838
7 years$76,644$71,499$66,688$62,193$57,996$49,900
8 years$66,387$61,288$56,557$52,172$48,113$40,394
9 years$58,413$53,362$48,712$44,439$40,518$33,171
10 years$52,037$47,036$42,468$38,307$34,524$27,542
11 years$46,825$41,873$37,389$33,338$29,691$23,068
12 years$42,484$37,583$33,181$29,242$25,730$19,455
13 years$38,814$33,964$29,645$25,817$22,437$16,502
14 years$35,670$30,873$26,637$22,917$19,668$14,061
15 years$32,949$28,203$24,049$20,438$17,317$12,028
16 years$30,570$25,875$21,804$18,300$15,305$10,323
17 years$28,473$23,830$19,841$16,442$13,571$8,883
18 years$26,611$22,020$18,112$14,818$12,066$7,661
19 years$24,947$20,408$16,581$13,389$10,755$6,621
20 years$23,451$18,964$15,217$12,127$9,607$5,731
21 years$22,099$17,665$13,997$11,006$8,597$4,968
22 years$20,872$16,489$12,900$10,007$7,706$4,312
23 years$19,754$15,422$11,911$9,113$6,917$3,746
24 years$18,730$14,449$11,016$8,312$6,217$3,258
25 years$17,789$13,560$10,203$7,591$5,595$2,835
26 years$16,922$12,744$9,463$6,941$5,039$2,469
27 years$16,121$11,994$8,787$6,353$4,543$2,152
28 years$15,379$11,302$8,168$5,821$4,100$1,876
29 years$14,688$10,662$7,601$5,338$3,702$1,636
30 years$14,045$10,069$7,080$4,899$3,345$1,428
31 years$13,445$9,519$6,601$4,499$3,024$1,246
32 years$12,883$9,006$6,159$4,135$2,736$1,088
33 years$12,357$8,529$5,750$3,802$2,476$950
34 years$11,862$8,084$5,373$3,498$2,241$830
35 years$11,397$7,667$5,023$3,220$2,030$725
36 years$10,959$7,277$4,699$2,966$1,839$634
37 years$10,545$6,912$4,398$2,733$1,667$554
38 years$10,154$6,569$4,119$2,519$1,511$484
39 years$9,784$6,246$3,859$2,322$1,371$423
40 years$9,433$5,943$3,617$2,142$1,243$370
41 years$9,101$5,657$3,392$1,976$1,128$324
42 years$8,785$5,388$3,181$1,824$1,023$283
43 years$8,484$5,133$2,985$1,684$929$247
44 years$8,198$4,893$2,802$1,555$843$216
45 years$7,926$4,666$2,631$1,436$765$189
46 years$7,666$4,451$2,471$1,326$695$166
47 years$7,418$4,248$2,322$1,225$631$145
48 years$7,180$4,055$2,182$1,132$573$127
49 years$6,954$3,872$2,051$1,046$520$111
50 years$6,737$3,699$1,928$967$473$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,900,000, adding $5,155 every year, while hoping to spend $30,002 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/28/17 Blend
60$6,900,000$6,900,000$6,900,000$6,900,000
61$7,609,117$7,243,417$7,136,467$7,992,863
62$8,353,325$7,566,423$7,343,617$8,578,008
63$9,172,437$7,904,250$7,556,701$9,211,212
64$10,074,061$8,257,594$7,775,886$9,900,058
65$11,066,581$8,627,181$8,001,343$10,649,872
66$12,159,234$9,013,775$8,233,250$11,466,508
67$13,362,199$9,418,174$8,471,788$12,356,401
68$14,686,693$9,841,214$8,717,142$13,326,628
69$16,145,074$10,283,771$8,969,504$14,384,971
70$17,750,960$10,746,765$9,229,071$15,539,988
71$19,519,358$11,231,156$9,496,045$16,801,093
72$21,466,803$11,737,954$9,770,634$18,178,640
73$23,611,517$12,268,213$10,053,049$19,684,021
74$25,973,577$12,823,041$10,343,512$21,329,769
75$28,575,108$13,403,596$10,642,246$23,129,674
76$31,440,491$14,011,094$10,949,482$25,098,910
77$34,596,590$14,646,806$11,265,459$27,254,176
78$38,073,010$15,312,068$11,590,420$29,613,850
79$41,902,373$16,008,276$11,924,616$32,198,159
80$46,120,628$16,736,894$12,268,303$35,029,366
81$50,767,388$17,499,457$12,621,747$38,131,978
82$55,886,304$18,297,573$12,985,218$41,532,972
83$61,525,480$19,132,927$13,358,996$45,262,049
84$67,737,924$20,007,285$13,743,367$49,351,905
85$74,582,047$20,922,497$14,138,624$53,838,540
86$82,122,219$21,880,503$14,545,071$58,761,589
87$90,429,371$22,883,333$14,963,017$64,164,696
88$99,581,670$23,933,120$15,392,781$70,095,920
89$109,665,251$25,032,093$15,834,690$76,608,180
90$120,775,034$26,182,593$16,289,080$83,759,754
91$133,015,619$27,387,072$16,756,295$91,614,820
92$146,502,272$28,648,098$17,236,691$100,244,059
93$161,362,013$29,968,364$17,730,630$109,725,312
94$177,734,819$31,350,694$18,238,486$120,144,314
95$195,774,937$32,798,046$18,760,643$131,595,491
96$215,652,350$34,313,519$19,297,493$144,182,849
97$237,554,372$35,900,364$19,849,442$158,020,945
98$261,687,423$37,561,987$20,416,903$173,235,964
99$288,278,975$39,301,958$21,000,304$189,966,900
100$317,579,697$41,124,021$21,600,080$208,366,861