Can I retire at age 61 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$627,601$622,011$616,556$611,233$606,035$589,948
2 years$310,694$304,907$299,299$293,862$288,588$272,493
3 years$205,072$199,260$193,666$188,280$183,092$167,493
4 years$152,271$146,477$140,940$135,645$130,583$115,599
5 years$120,599$114,840$109,375$104,189$99,267$84,940
6 years$99,491$93,775$88,391$83,320$78,547$64,890
7 years$84,420$78,753$73,453$68,502$63,879$50,895
8 years$73,122$67,505$62,294$57,465$52,994$40,674
9 years$64,339$58,776$53,654$48,947$44,629$32,963
10 years$57,317$51,808$46,777$42,193$38,026$26,999
11 years$51,575$46,121$41,182$36,721$32,704$22,299
12 years$46,794$41,396$36,548$32,209$28,340$18,540
13 years$42,751$37,410$32,653$28,436$24,713$15,496
14 years$39,289$34,005$29,339$25,242$21,663$13,008
15 years$36,291$31,064$26,489$22,511$19,074$10,958
16 years$33,671$28,501$24,016$20,157$16,858$9,259
17 years$31,361$26,248$21,854$18,110$14,947$7,842
18 years$29,310$24,254$19,950$16,321$13,290$6,655
19 years$27,477$22,479$18,263$14,748$11,846$5,658
20 years$25,830$20,888$16,761$13,357$10,581$4,817
21 years$24,341$19,457$15,417$12,122$9,469$4,106
22 years$22,990$18,162$14,209$11,022$8,488$3,503
23 years$21,758$16,987$13,119$10,038$7,619$2,992
24 years$20,630$15,915$12,133$9,155$6,848$2,557
25 years$19,594$14,936$11,238$8,361$6,162$2,187
26 years$18,639$14,037$10,422$7,645$5,551$1,871
27 years$17,757$13,211$9,678$6,997$5,004$1,602
28 years$16,939$12,448$8,997$6,411$4,516$1,372
29 years$16,179$11,744$8,373$5,879$4,077$1,175
30 years$15,470$11,091$7,799$5,396$3,684$1,007
31 years$14,809$10,484$7,271$4,955$3,331$863
32 years$14,190$9,920$6,784$4,554$3,013$740
33 years$13,610$9,395$6,334$4,188$2,727$634
34 years$13,066$8,904$5,918$3,853$2,469$544
35 years$12,553$8,445$5,533$3,547$2,236$467
36 years$12,071$8,016$5,176$3,267$2,026$400
37 years$11,615$7,613$4,845$3,010$1,836$343
38 years$11,184$7,235$4,537$2,774$1,665$295
39 years$10,777$6,880$4,250$2,558$1,510$253
40 years$10,390$6,546$3,984$2,359$1,369$217
41 years$10,024$6,231$3,736$2,177$1,242$186
42 years$9,676$5,934$3,504$2,009$1,127$160
43 years$9,345$5,654$3,288$1,855$1,023$137
44 years$9,030$5,389$3,087$1,712$929$118
45 years$8,730$5,139$2,898$1,581$843$101
46 years$8,443$4,903$2,722$1,461$765$87
47 years$8,170$4,679$2,557$1,350$695$74
48 years$7,909$4,466$2,403$1,247$631$64
49 years$7,659$4,265$2,259$1,153$573$55
50 years$7,420$4,074$2,124$1,065$521$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $7,600,000, adding $5,180 every year, while hoping to spend $50,490 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: 56/37/7 Blend
60$7,600,000$7,600,000$7,600,000$7,600,000
61$8,380,543$7,977,743$7,859,943$8,836,415
62$9,181,638$8,314,932$8,069,530$9,481,405
63$10,062,751$8,666,950$8,284,446$10,177,467
64$11,031,993$9,034,472$8,504,817$10,934,330
65$12,098,298$9,418,202$8,730,769$11,757,790
66$13,271,507$9,818,877$8,962,433$12,654,220
67$14,562,469$10,237,270$9,199,943$13,630,620
68$15,983,133$10,674,188$9,443,432$14,694,690
69$17,546,666$11,130,477$9,693,041$15,854,893
70$19,267,577$11,607,021$9,948,909$17,120,536
71$21,161,852$12,104,748$10,211,179$18,501,856
72$23,247,106$12,624,625$10,479,999$20,010,110
73$25,542,748$13,167,670$10,755,517$21,657,680
74$28,070,166$13,734,943$11,037,884$23,458,188
75$30,852,925$14,327,558$11,327,255$25,426,621
76$33,916,993$14,946,678$11,623,788$27,579,467
77$37,290,984$15,593,522$11,927,643$29,934,869
78$41,006,427$16,269,368$12,238,981$32,512,792
79$45,098,066$16,975,550$12,557,971$35,335,208
80$49,604,186$17,713,468$12,884,779$38,426,298
81$54,566,971$18,484,587$13,219,578$41,812,677
82$60,032,911$19,290,441$13,562,542$45,523,642
83$66,053,230$20,132,634$13,913,850$49,591,441
84$72,684,376$21,012,849$14,273,680$54,051,576
85$79,988,550$21,932,847$14,642,216$58,943,128
86$88,034,297$22,894,472$15,019,645$64,309,128
87$96,897,148$23,899,654$15,406,156$70,196,950
88$106,660,336$24,950,415$15,801,941$76,658,759
89$117,415,578$26,048,873$16,207,194$83,751,991
90$129,263,946$27,197,247$16,622,114$91,539,894
91$142,316,814$28,397,858$17,046,901$100,092,118
92$156,696,916$29,653,139$17,481,758$109,485,361
93$172,539,497$30,965,639$17,926,893$119,804,091
94$189,993,595$32,338,025$18,382,513$131,141,334
95$209,223,446$33,773,092$18,848,832$143,599,542
96$230,410,033$35,273,769$19,326,063$157,291,557
97$253,752,794$36,843,121$19,814,424$172,341,662
98$279,471,506$38,484,362$20,314,134$188,886,748
99$307,808,359$40,200,855$20,825,417$207,077,599
100$339,030,239$41,996,124$21,348,496$227,080,300