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

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 $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%18.6%
1 years$710,180$703,854$697,682$691,658$685,776$661,971
2 years$351,574$345,026$338,681$332,528$326,560$302,823
3 years$232,055$225,479$219,149$213,054$207,183$184,260
4 years$172,307$165,751$159,484$153,493$147,765$125,830
5 years$136,467$129,951$123,766$117,898$112,328$91,441
6 years$112,582$106,114$100,022$94,284$88,882$69,057
7 years$95,528$89,115$83,118$77,516$72,285$53,519
8 years$82,743$76,388$70,491$65,026$59,967$42,246
9 years$72,804$66,509$60,714$55,388$50,501$33,802
10 years$64,858$58,625$52,932$47,745$43,029$27,324
11 years$58,361$52,190$46,600$41,552$37,007$22,264
12 years$52,951$46,843$41,357$36,447$32,069$18,255
13 years$48,376$42,332$36,949$32,177$27,965$15,042
14 years$44,459$38,479$33,199$28,563$24,514$12,445
15 years$41,066$35,151$29,974$25,473$21,584$10,329
16 years$38,101$32,251$27,176$22,809$19,076$8,596
17 years$35,488$29,702$24,729$20,493$16,914$7,170
18 years$33,167$27,446$22,575$18,469$15,039$5,990
19 years$31,093$25,436$20,666$16,688$13,405$5,013
20 years$29,229$23,637$18,966$15,114$11,973$4,200
21 years$27,544$22,017$17,445$13,717$10,715$3,522
22 years$26,015$20,552$16,078$12,472$9,604$2,957
23 years$24,621$19,222$14,846$11,359$8,621$2,484
24 years$23,344$18,009$13,730$10,360$7,749$2,087
25 years$22,172$16,901$12,716$9,461$6,973$1,755
26 years$21,092$15,884$11,794$8,651$6,281$1,477
27 years$20,093$14,949$10,952$7,918$5,663$1,243
28 years$19,168$14,086$10,181$7,255$5,110$1,046
29 years$18,307$13,289$9,474$6,653$4,614$881
30 years$17,506$12,550$8,825$6,106$4,169$742
31 years$16,758$11,864$8,227$5,607$3,769$625
32 years$16,058$11,225$7,676$5,153$3,409$527
33 years$15,401$10,631$7,167$4,739$3,086$444
34 years$14,785$10,076$6,697$4,360$2,794$374
35 years$14,205$9,556$6,261$4,014$2,530$315
36 years$13,659$9,070$5,857$3,697$2,293$266
37 years$13,143$8,615$5,482$3,406$2,078$224
38 years$12,656$8,187$5,134$3,139$1,884$189
39 years$12,195$7,785$4,810$2,895$1,708$159
40 years$11,758$7,407$4,508$2,670$1,549$134
41 years$11,343$7,051$4,227$2,463$1,406$113
42 years$10,949$6,715$3,965$2,273$1,276$95
43 years$10,575$6,398$3,721$2,099$1,158$80
44 years$10,218$6,099$3,493$1,938$1,051$68
45 years$9,878$5,816$3,279$1,790$954$57
46 years$9,554$5,548$3,080$1,653$866$48
47 years$9,245$5,294$2,894$1,527$786$41
48 years$8,950$5,054$2,719$1,411$714$34
49 years$8,667$4,826$2,556$1,304$649$29
50 years$8,397$4,610$2,403$1,205$589$24

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 $2,554 every year, while hoping to spend $51,706 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: 56/20/24 Blend
60$8,600,000$8,600,000$8,600,000$8,600,000
61$9,479,834$9,024,034$8,890,734$9,948,498
62$10,391,763$9,411,197$9,133,559$10,657,046
63$11,394,975$9,815,598$9,382,786$11,422,939
64$12,498,727$10,238,027$9,638,574$12,256,292
65$13,713,218$10,679,311$9,901,087$13,163,612
66$15,049,685$11,140,317$10,170,492$14,152,058
67$16,520,510$11,621,949$10,446,961$15,229,502
68$18,139,335$12,125,158$10,730,667$16,404,607
69$19,921,194$12,650,937$11,021,791$17,686,902
70$21,882,648$13,200,326$11,320,513$19,086,873
71$24,041,950$13,774,413$11,627,022$20,616,059
72$26,419,210$14,374,341$11,941,509$22,287,155
73$29,036,587$15,001,301$12,264,167$24,114,136
74$31,918,499$15,656,545$12,595,197$26,112,383
75$35,091,852$16,341,382$12,934,802$28,298,826
76$38,586,294$17,057,182$13,283,190$30,692,099
77$42,434,493$17,805,381$13,640,574$33,312,718
78$46,672,449$18,587,482$14,007,171$36,183,268
79$51,339,830$19,405,060$14,383,203$39,328,614
80$56,480,348$20,259,764$14,768,895$42,776,134
81$62,142,170$21,153,319$15,164,480$46,555,974
82$68,378,374$22,087,534$15,570,193$50,701,326
83$75,247,449$23,064,304$15,986,275$55,248,742
84$82,813,845$24,085,611$16,412,971$60,238,473
85$91,148,585$25,153,534$16,850,534$65,714,848
86$100,329,932$26,270,248$17,299,218$71,726,685
87$110,444,128$27,438,034$17,759,285$78,327,748
88$121,586,210$28,659,278$18,231,002$85,577,253
89$133,860,902$29,936,482$18,714,639$93,540,421
90$147,383,610$31,272,265$19,210,475$102,289,088
91$162,281,504$32,669,371$19,718,792$111,902,382
92$178,694,723$34,130,676$20,239,877$122,467,459
93$196,777,696$35,659,191$20,774,025$134,080,325
94$216,700,600$37,258,070$21,321,534$146,846,737
95$238,650,966$38,930,620$21,882,709$160,883,191
96$262,835,445$40,680,302$22,457,861$176,318,023
97$289,481,768$42,510,743$23,047,306$193,292,607
98$318,840,884$44,425,746$23,651,367$211,962,688
99$351,189,337$46,429,290$24,270,371$232,499,843
100$386,831,873$48,525,549$24,904,652$255,093,097