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%18%
1 years$569,796$564,720$559,768$554,935$550,216$532,390
2 years$282,077$276,824$271,732$266,796$262,007$244,216
3 years$186,183$180,907$175,829$170,939$166,228$149,029
4 years$138,246$132,986$127,958$123,152$118,555$102,080
5 years$109,491$104,263$99,301$94,592$90,124$74,416
6 years$90,327$85,138$80,250$75,646$71,312$56,385
7 years$76,644$71,499$66,688$62,193$57,996$43,849
8 years$66,387$61,288$56,557$52,172$48,113$34,735
9 years$58,413$53,362$48,712$44,439$40,518$27,894
10 years$52,037$47,036$42,468$38,307$34,524$22,634
11 years$46,825$41,873$37,389$33,338$29,691$18,515
12 years$42,484$37,583$33,181$29,242$25,730$15,241
13 years$38,814$33,964$29,645$25,817$22,437$12,610
14 years$35,670$30,873$26,637$22,917$19,668$10,476
15 years$32,949$28,203$24,049$20,438$17,317$8,733
16 years$30,570$25,875$21,804$18,300$15,305$7,299
17 years$28,473$23,830$19,841$16,442$13,571$6,115
18 years$26,611$22,020$18,112$14,818$12,066$5,132
19 years$24,947$20,408$16,581$13,389$10,755$4,314
20 years$23,451$18,964$15,217$12,127$9,607$3,631
21 years$22,099$17,665$13,997$11,006$8,597$3,059
22 years$20,872$16,489$12,900$10,007$7,706$2,580
23 years$19,754$15,422$11,911$9,113$6,917$2,178
24 years$18,730$14,449$11,016$8,312$6,217$1,839
25 years$17,789$13,560$10,203$7,591$5,595$1,554
26 years$16,922$12,744$9,463$6,941$5,039$1,314
27 years$16,121$11,994$8,787$6,353$4,543$1,111
28 years$15,379$11,302$8,168$5,821$4,100$940
29 years$14,688$10,662$7,601$5,338$3,702$795
30 years$14,045$10,069$7,080$4,899$3,345$673
31 years$13,445$9,519$6,601$4,499$3,024$570
32 years$12,883$9,006$6,159$4,135$2,736$482
33 years$12,357$8,529$5,750$3,802$2,476$409
34 years$11,862$8,084$5,373$3,498$2,241$346
35 years$11,397$7,667$5,023$3,220$2,030$293
36 years$10,959$7,277$4,699$2,966$1,839$248
37 years$10,545$6,912$4,398$2,733$1,667$210
38 years$10,154$6,569$4,119$2,519$1,511$178
39 years$9,784$6,246$3,859$2,322$1,371$151
40 years$9,433$5,943$3,617$2,142$1,243$128
41 years$9,101$5,657$3,392$1,976$1,128$108
42 years$8,785$5,388$3,181$1,824$1,023$92
43 years$8,484$5,133$2,985$1,684$929$78
44 years$8,198$4,893$2,802$1,555$843$66
45 years$7,926$4,666$2,631$1,436$765$56
46 years$7,666$4,451$2,471$1,326$695$47
47 years$7,418$4,248$2,322$1,225$631$40
48 years$7,180$4,055$2,182$1,132$573$34
49 years$6,954$3,872$2,051$1,046$520$29
50 years$6,737$3,699$1,928$967$473$24

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 $6,465 every year, while hoping to spend $43,890 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: 45/38/17 Blend
60$6,900,000$6,900,000$6,900,000$6,900,000
61$7,610,469$7,244,769$7,137,819$7,915,552
62$8,340,038$7,553,064$7,330,237$8,437,792
63$9,142,552$7,874,994$7,527,630$8,998,871
64$10,025,405$8,211,182$7,730,119$9,606,372
65$10,996,745$8,562,278$7,937,826$10,264,616
66$12,065,546$8,928,963$8,150,876$10,978,348
67$13,241,700$9,311,950$8,369,399$11,752,779
68$14,536,104$9,711,986$8,593,524$12,593,635
69$15,960,765$10,129,852$8,823,386$13,507,204
70$17,528,914$10,566,366$9,059,120$14,500,397
71$19,255,128$11,022,383$9,300,866$15,580,811
72$21,155,473$11,498,801$9,548,766$16,756,793
73$23,247,646$11,996,557$9,802,965$18,037,519
74$25,551,152$12,516,634$10,063,610$19,433,080
75$28,087,481$13,060,061$10,330,853$20,954,570
76$30,880,314$13,627,915$10,604,847$22,614,188
77$33,955,746$14,221,322$10,885,749$24,425,351
78$37,342,529$14,841,464$11,173,718$26,402,817
79$41,072,348$15,489,576$11,468,919$28,562,819
80$45,180,116$16,166,954$11,771,516$30,923,218
81$49,704,306$16,874,953$12,081,680$33,503,661
82$54,687,311$17,614,992$12,399,583$36,325,768
83$60,175,848$18,388,558$12,725,400$39,413,328
84$66,221,394$19,197,206$13,059,310$42,792,523
85$72,880,676$20,042,569$13,401,496$46,492,163
86$80,216,202$20,926,352$13,752,144$50,543,962
87$88,296,855$21,850,344$14,111,441$54,982,824
88$97,198,541$22,816,417$14,479,581$59,847,171
89$107,004,904$23,826,534$14,856,759$65,179,299
90$117,808,118$24,882,748$15,243,174$71,025,770
91$129,709,754$25,987,210$15,639,028$77,437,848
92$142,821,741$27,142,175$16,044,528$84,471,972
93$157,267,420$28,350,004$16,459,881$92,190,287
94$173,182,712$29,613,169$16,885,302$100,661,218
95$190,717,395$30,934,261$17,321,006$109,960,110
96$210,036,522$32,315,992$17,767,213$120,169,935
97$231,321,978$33,761,206$18,224,144$131,382,060
98$254,774,194$35,272,880$18,692,028$143,697,109
99$280,614,044$36,854,133$19,171,093$157,225,894
100$309,084,924$38,508,234$19,661,573$172,090,461