Can I retire at age 61 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$586,311$581,089$575,993$571,020$566,164$563,068
2 years$290,253$284,847$279,608$274,529$269,602$266,478
3 years$191,580$186,151$180,925$175,893$171,047$167,991
4 years$142,253$136,841$131,667$126,721$121,992$119,029
5 years$112,665$107,285$102,179$97,334$92,736$89,874
6 years$92,945$87,606$82,576$77,839$73,379$70,622
7 years$78,866$73,571$68,621$63,996$59,677$57,025
8 years$68,311$63,064$58,196$53,684$49,508$46,963
9 years$60,106$54,909$50,124$45,727$41,693$39,253
10 years$53,546$48,399$43,699$39,417$35,524$33,189
11 years$48,182$43,087$38,472$34,305$30,552$28,320
12 years$43,715$38,673$34,143$30,090$26,476$24,344
13 years$39,939$34,949$30,505$26,565$23,087$21,055
14 years$36,704$31,768$27,409$23,581$20,238$18,302
15 years$33,904$29,020$24,746$21,030$17,819$15,977
16 years$31,456$26,625$22,436$18,830$15,749$13,998
17 years$29,298$24,521$20,416$16,919$13,964$12,302
18 years$27,382$22,659$18,637$15,247$12,416$10,841
19 years$25,670$21,000$17,061$13,777$11,067$9,574
20 years$24,131$19,514$15,658$12,478$9,885$8,473
21 years$22,740$18,177$14,402$11,325$8,846$7,511
22 years$21,477$16,967$13,274$10,297$7,929$6,669
23 years$20,326$15,869$12,256$9,377$7,118$5,928
24 years$19,273$14,868$11,335$8,553$6,398$5,277
25 years$18,305$13,953$10,498$7,811$5,757$4,701
26 years$17,413$13,114$9,737$7,142$5,186$4,193
27 years$16,589$12,341$9,041$6,537$4,675$3,742
28 years$15,824$11,629$8,405$5,989$4,218$3,342
29 years$15,114$10,971$7,822$5,492$3,809$2,987
30 years$14,453$10,361$7,286$5,041$3,442$2,671
31 years$13,835$9,794$6,792$4,629$3,112$2,389
32 years$13,257$9,268$6,337$4,255$2,815$2,139
33 years$12,715$8,777$5,917$3,912$2,547$1,915
34 years$12,206$8,318$5,529$3,600$2,306$1,715
35 years$11,728$7,890$5,169$3,314$2,089$1,537
36 years$11,276$7,488$4,835$3,052$1,893$1,378
37 years$10,851$7,112$4,526$2,812$1,715$1,235
38 years$10,448$6,759$4,238$2,592$1,555$1,107
39 years$10,068$6,427$3,971$2,390$1,410$993
40 years$9,707$6,115$3,722$2,204$1,279$891
41 years$9,364$5,821$3,490$2,034$1,161$799
42 years$9,039$5,544$3,274$1,877$1,053$717
43 years$8,730$5,282$3,072$1,733$956$644
44 years$8,436$5,035$2,883$1,600$867$578
45 years$8,155$4,801$2,707$1,477$788$519
46 years$7,888$4,580$2,543$1,365$715$466
47 years$7,633$4,371$2,389$1,261$649$418
48 years$7,389$4,173$2,245$1,165$590$375
49 years$7,155$3,985$2,110$1,077$536$337
50 years$6,932$3,806$1,984$995$486$303

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,100,000, adding $2,720 every year, while hoping to spend $45,053 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: 27/45/28 Blend
60$7,100,000$7,100,000$7,100,000$7,100,000
61$7,827,006$7,450,706$7,340,656$7,970,026
62$8,577,424$7,767,854$7,538,632$8,403,298
63$9,402,875$8,099,033$7,741,730$8,864,098
64$10,310,965$8,444,882$7,950,074$9,357,931
65$11,310,073$8,806,071$8,163,791$9,887,645
66$12,409,434$9,183,301$8,383,011$10,456,356
67$13,619,219$9,577,306$8,607,865$11,067,475
68$14,950,639$9,988,854$8,838,488$11,724,738
69$16,416,045$10,418,749$9,075,019$12,432,242
70$18,029,047$10,867,833$9,317,597$13,194,472
71$19,804,640$11,336,986$9,566,366$14,016,349
72$21,759,346$11,827,132$9,821,473$14,903,266
73$23,911,374$12,339,236$10,083,067$15,861,141
74$26,280,785$12,874,309$10,351,300$16,896,463
75$28,889,685$13,433,410$10,626,329$18,016,356
76$31,762,433$14,017,648$10,908,311$19,228,636
77$34,925,870$14,628,181$11,197,408$20,541,884
78$38,409,574$15,266,227$11,493,786$21,965,522
79$42,246,135$15,933,056$11,797,612$23,509,897
80$46,471,467$16,630,002$12,109,059$25,186,372
81$51,125,143$17,358,460$12,428,299$27,007,433
82$56,250,773$18,119,890$12,755,513$28,986,796
83$61,896,410$18,915,822$13,090,880$31,139,532
84$68,115,005$19,747,858$13,434,586$33,482,208
85$74,964,909$20,617,677$13,786,818$36,033,032
86$82,510,423$21,527,036$14,147,769$38,812,020
87$90,822,399$22,477,775$14,517,633$41,841,181
88$99,978,919$23,471,821$14,896,609$45,144,713
89$110,066,022$24,511,193$15,284,899$48,749,228
90$121,178,521$25,598,006$15,682,707$52,683,994
91$133,420,896$26,734,475$16,090,244$56,981,206
92$146,908,282$27,922,918$16,507,722$61,676,276
93$161,767,553$29,165,767$16,935,356$66,808,165
94$178,138,520$30,465,566$17,373,367$72,419,737
95$196,175,252$31,824,982$17,821,978$78,558,157
96$216,047,528$33,246,806$18,281,415$85,275,326
97$237,942,442$34,733,966$18,751,909$92,628,360
98$262,066,167$36,289,526$19,233,693$100,680,118
99$288,645,899$37,916,697$19,727,005$109,499,784
100$317,932,008$39,618,841$20,232,087$119,163,511