Can I retire at age 61 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$710,180$703,854$697,682$691,658$685,776$667,843
2 years$351,574$345,026$338,681$332,528$326,560$308,615
3 years$232,055$225,479$219,149$213,054$207,183$189,788
4 years$172,307$165,751$159,484$153,493$147,765$131,053
5 years$136,467$129,951$123,766$117,898$112,328$96,346
6 years$112,582$106,114$100,022$94,284$88,882$73,644
7 years$95,528$89,115$83,118$77,516$72,285$57,793
8 years$82,743$76,388$70,491$65,026$59,967$46,215
9 years$72,804$66,509$60,714$55,388$50,501$37,475
10 years$64,858$58,625$52,932$47,745$43,029$30,715
11 years$58,361$52,190$46,600$41,552$37,007$25,384
12 years$52,951$46,843$41,357$36,447$32,069$21,118
13 years$48,376$42,332$36,949$32,177$27,965$17,663
14 years$44,459$38,479$33,199$28,563$24,514$14,837
15 years$41,066$35,151$29,974$25,473$21,584$12,508
16 years$38,101$32,251$27,176$22,809$19,076$10,576
17 years$35,488$29,702$24,729$20,493$16,914$8,964
18 years$33,167$27,446$22,575$18,469$15,039$7,613
19 years$31,093$25,436$20,666$16,688$13,405$6,477
20 years$29,229$23,637$18,966$15,114$11,973$5,518
21 years$27,544$22,017$17,445$13,717$10,715$4,707
22 years$26,015$20,552$16,078$12,472$9,604$4,020
23 years$24,621$19,222$14,846$11,359$8,621$3,436
24 years$23,344$18,009$13,730$10,360$7,749$2,939
25 years$22,172$16,901$12,716$9,461$6,973$2,515
26 years$21,092$15,884$11,794$8,651$6,281$2,154
27 years$20,093$14,949$10,952$7,918$5,663$1,845
28 years$19,168$14,086$10,181$7,255$5,110$1,581
29 years$18,307$13,289$9,474$6,653$4,614$1,356
30 years$17,506$12,550$8,825$6,106$4,169$1,163
31 years$16,758$11,864$8,227$5,607$3,769$998
32 years$16,058$11,225$7,676$5,153$3,409$856
33 years$15,401$10,631$7,167$4,739$3,086$734
34 years$14,785$10,076$6,697$4,360$2,794$630
35 years$14,205$9,556$6,261$4,014$2,530$541
36 years$13,659$9,070$5,857$3,697$2,293$465
37 years$13,143$8,615$5,482$3,406$2,078$399
38 years$12,656$8,187$5,134$3,139$1,884$343
39 years$12,195$7,785$4,810$2,895$1,708$294
40 years$11,758$7,407$4,508$2,670$1,549$253
41 years$11,343$7,051$4,227$2,463$1,406$217
42 years$10,949$6,715$3,965$2,273$1,276$186
43 years$10,575$6,398$3,721$2,099$1,158$160
44 years$10,218$6,099$3,493$1,938$1,051$137
45 years$9,878$5,816$3,279$1,790$954$118
46 years$9,554$5,548$3,080$1,653$866$101
47 years$9,245$5,294$2,894$1,527$786$87
48 years$8,950$5,054$2,719$1,411$714$75
49 years$8,667$4,826$2,556$1,304$649$64
50 years$8,397$4,610$2,403$1,205$589$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $8,600,000, adding $5,235 every year, while hoping to spend $47,378 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: 52/28/20 Blend
60$8,600,000$8,600,000$8,600,000$8,600,000
61$9,482,600$9,026,800$8,893,500$9,923,150
62$10,399,415$9,418,703$9,141,022$10,618,895
63$11,408,158$9,828,222$9,395,249$11,369,894
64$12,518,154$10,256,169$9,656,354$12,185,754
65$13,739,681$10,703,396$9,924,517$13,072,650
66$15,084,060$11,170,795$10,199,920$14,037,372
67$16,563,769$11,659,298$10,482,752$15,087,380
68$18,192,554$12,169,884$10,773,204$16,230,881
69$19,985,562$12,703,576$11,071,474$17,476,895
70$21,959,483$13,261,446$11,377,763$18,835,344
71$24,132,710$13,844,616$11,692,277$20,317,138
72$26,525,507$14,454,262$12,015,229$21,934,280
73$29,160,204$15,091,616$12,346,834$23,699,972
74$32,061,406$15,757,967$12,687,315$25,628,739
75$35,256,227$16,454,665$13,036,897$27,736,561
76$38,774,543$17,183,125$13,395,815$30,041,023
77$42,649,277$17,944,828$13,764,304$32,561,475
78$46,916,704$18,741,326$14,142,610$35,319,210
79$51,616,802$19,574,244$14,530,981$38,337,667
80$56,793,618$20,445,285$14,929,672$41,642,639
81$62,495,695$21,356,232$15,338,943$45,262,521
82$68,776,522$22,308,953$15,759,063$49,228,568
83$75,695,040$23,305,404$16,190,305$53,575,187
84$83,316,201$24,347,636$16,632,947$58,340,260
85$91,711,579$25,437,796$17,087,277$63,565,490
86$100,960,045$26,578,133$17,553,585$69,296,794
87$111,148,512$27,771,004$18,032,173$75,584,733
88$122,372,754$29,018,877$18,523,345$82,484,977
89$134,738,313$30,324,340$19,027,415$90,058,830
90$148,361,491$31,690,102$19,544,703$98,373,800
91$163,370,448$33,119,002$20,075,536$107,504,231
92$179,906,415$34,614,016$20,620,248$117,531,996
93$198,125,026$36,178,258$21,179,182$128,547,265
94$218,197,781$37,814,995$21,752,687$140,649,348
95$240,313,673$39,527,649$22,341,121$153,947,623
96$264,680,968$41,319,803$22,944,848$168,562,564
97$291,529,168$43,195,215$23,564,243$184,626,867
98$321,111,183$45,157,821$24,199,685$202,286,692
99$353,705,714$47,211,745$24,851,565$221,703,041
100$389,619,885$49,361,308$25,520,280$243,053,258