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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$569,796$564,720$559,768$554,935$550,216$531,116
2 years$282,077$276,824$271,732$266,796$262,007$242,963
3 years$186,183$180,907$175,829$170,939$166,228$147,836
4 years$138,246$132,986$127,958$123,152$118,555$100,957
5 years$109,491$104,263$99,301$94,592$90,124$73,365
6 years$90,327$85,138$80,250$75,646$71,312$55,406
7 years$76,644$71,499$66,688$62,193$57,996$42,940
8 years$66,387$61,288$56,557$52,172$48,113$33,895
9 years$58,413$53,362$48,712$44,439$40,518$27,120
10 years$52,037$47,036$42,468$38,307$34,524$21,923
11 years$46,825$41,873$37,389$33,338$29,691$17,863
12 years$42,484$37,583$33,181$29,242$25,730$14,646
13 years$38,814$33,964$29,645$25,817$22,437$12,069
14 years$35,670$30,873$26,637$22,917$19,668$9,985
15 years$32,949$28,203$24,049$20,438$17,317$8,287
16 years$30,570$25,875$21,804$18,300$15,305$6,897
17 years$28,473$23,830$19,841$16,442$13,571$5,752
18 years$26,611$22,020$18,112$14,818$12,066$4,806
19 years$24,947$20,408$16,581$13,389$10,755$4,022
20 years$23,451$18,964$15,217$12,127$9,607$3,370
21 years$22,099$17,665$13,997$11,006$8,597$2,826
22 years$20,872$16,489$12,900$10,007$7,706$2,372
23 years$19,754$15,422$11,911$9,113$6,917$1,993
24 years$18,730$14,449$11,016$8,312$6,217$1,675
25 years$17,789$13,560$10,203$7,591$5,595$1,408
26 years$16,922$12,744$9,463$6,941$5,039$1,185
27 years$16,121$11,994$8,787$6,353$4,543$997
28 years$15,379$11,302$8,168$5,821$4,100$839
29 years$14,688$10,662$7,601$5,338$3,702$707
30 years$14,045$10,069$7,080$4,899$3,345$595
31 years$13,445$9,519$6,601$4,499$3,024$502
32 years$12,883$9,006$6,159$4,135$2,736$423
33 years$12,357$8,529$5,750$3,802$2,476$356
34 years$11,862$8,084$5,373$3,498$2,241$300
35 years$11,397$7,667$5,023$3,220$2,030$253
36 years$10,959$7,277$4,699$2,966$1,839$213
37 years$10,545$6,912$4,398$2,733$1,667$180
38 years$10,154$6,569$4,119$2,519$1,511$151
39 years$9,784$6,246$3,859$2,322$1,371$128
40 years$9,433$5,943$3,617$2,142$1,243$108
41 years$9,101$5,657$3,392$1,976$1,128$91
42 years$8,785$5,388$3,181$1,824$1,023$76
43 years$8,484$5,133$2,985$1,684$929$64
44 years$8,198$4,893$2,802$1,555$843$54
45 years$7,926$4,666$2,631$1,436$765$46
46 years$7,666$4,451$2,471$1,326$695$39
47 years$7,418$4,248$2,322$1,225$631$33
48 years$7,180$4,055$2,182$1,132$573$27
49 years$6,954$3,872$2,051$1,046$520$23
50 years$6,737$3,699$1,928$967$473$20

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 $3,592 every year, while hoping to spend $22,885 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: 60/34/6 Blend
60$6,900,000$6,900,000$6,900,000$6,900,000
61$7,607,505$7,241,805$7,134,855$8,055,081
62$8,359,121$7,572,304$7,349,523$8,685,478
63$9,186,635$7,918,231$7,570,616$9,369,779
64$10,097,764$8,280,316$7,798,324$10,115,543
65$11,101,012$8,659,328$8,032,844$10,928,676
66$12,205,750$9,056,070$8,274,379$11,815,676
67$13,422,303$9,471,383$8,523,137$12,783,681
68$14,762,048$9,906,151$8,779,332$13,840,543
69$16,237,524$10,361,299$9,043,186$14,994,896
70$17,862,545$10,837,797$9,314,927$16,256,234
71$19,652,335$11,336,659$9,594,787$17,635,001
72$21,623,670$11,858,952$9,883,010$19,142,682
73$23,795,035$12,405,792$10,179,841$20,791,914
74$26,186,800$12,978,347$10,485,538$22,596,600
75$28,821,413$13,577,846$10,800,362$24,572,034
76$31,723,609$14,205,571$11,124,586$26,735,047
77$34,920,644$14,862,871$11,458,486$29,104,159
78$38,442,555$15,551,158$11,802,351$31,699,752
79$42,322,442$16,271,911$12,156,476$34,544,256
80$46,596,777$17,026,681$12,521,165$37,662,361
81$51,305,755$17,817,094$12,896,730$41,081,242
82$56,493,665$18,644,855$13,283,493$44,830,811
83$62,209,316$19,511,750$13,681,788$48,943,998
84$68,506,492$20,419,652$14,091,954$53,457,055
85$75,444,463$21,370,523$14,514,343$58,409,893
86$83,088,542$22,366,422$14,949,316$63,846,453
87$91,510,701$23,409,506$15,397,247$69,815,116
88$100,790,256$24,502,035$15,858,518$76,369,156
89$111,014,608$25,646,380$16,333,524$83,567,231
90$122,280,071$26,845,025$16,822,670$91,473,938
91$134,692,784$28,100,577$17,326,375$100,160,410
92$148,369,708$29,415,765$17,845,069$109,704,982
93$163,439,733$30,793,453$18,379,194$120,193,925
94$180,044,895$32,236,642$18,929,206$131,722,252
95$198,341,714$33,748,477$19,495,574$144,394,606
96$218,502,675$35,332,258$20,078,781$158,326,239
97$240,717,851$36,991,442$20,679,324$173,644,094
98$265,196,705$38,729,656$21,297,714$190,487,991
99$292,170,059$40,550,699$21,934,478$209,011,939
100$321,892,279$42,458,557$22,590,157$229,385,579