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%16.5%
1 years$710,180$703,854$697,682$691,658$685,776$667,573
2 years$351,574$345,026$338,681$332,528$326,560$308,348
3 years$232,055$225,479$219,149$213,054$207,183$189,532
4 years$172,307$165,751$159,484$153,493$147,765$130,810
5 years$136,467$129,951$123,766$117,898$112,328$96,117
6 years$112,582$106,114$100,022$94,284$88,882$73,429
7 years$95,528$89,115$83,118$77,516$72,285$57,591
8 years$82,743$76,388$70,491$65,026$59,967$46,026
9 years$72,804$66,509$60,714$55,388$50,501$37,300
10 years$64,858$58,625$52,932$47,745$43,029$30,552
11 years$58,361$52,190$46,600$41,552$37,007$25,234
12 years$52,951$46,843$41,357$36,447$32,069$20,979
13 years$48,376$42,332$36,949$32,177$27,965$17,535
14 years$44,459$38,479$33,199$28,563$24,514$14,719
15 years$41,066$35,151$29,974$25,473$21,584$12,400
16 years$38,101$32,251$27,176$22,809$19,076$10,477
17 years$35,488$29,702$24,729$20,493$16,914$8,873
18 years$33,167$27,446$22,575$18,469$15,039$7,531
19 years$31,093$25,436$20,666$16,688$13,405$6,402
20 years$29,229$23,637$18,966$15,114$11,973$5,451
21 years$27,544$22,017$17,445$13,717$10,715$4,646
22 years$26,015$20,552$16,078$12,472$9,604$3,964
23 years$24,621$19,222$14,846$11,359$8,621$3,386
24 years$23,344$18,009$13,730$10,360$7,749$2,893
25 years$22,172$16,901$12,716$9,461$6,973$2,474
26 years$21,092$15,884$11,794$8,651$6,281$2,117
27 years$20,093$14,949$10,952$7,918$5,663$1,812
28 years$19,168$14,086$10,181$7,255$5,110$1,552
29 years$18,307$13,289$9,474$6,653$4,614$1,330
30 years$17,506$12,550$8,825$6,106$4,169$1,139
31 years$16,758$11,864$8,227$5,607$3,769$977
32 years$16,058$11,225$7,676$5,153$3,409$837
33 years$15,401$10,631$7,167$4,739$3,086$718
34 years$14,785$10,076$6,697$4,360$2,794$616
35 years$14,205$9,556$6,261$4,014$2,530$528
36 years$13,659$9,070$5,857$3,697$2,293$453
37 years$13,143$8,615$5,482$3,406$2,078$389
38 years$12,656$8,187$5,134$3,139$1,884$333
39 years$12,195$7,785$4,810$2,895$1,708$286
40 years$11,758$7,407$4,508$2,670$1,549$245
41 years$11,343$7,051$4,227$2,463$1,406$211
42 years$10,949$6,715$3,965$2,273$1,276$181
43 years$10,575$6,398$3,721$2,099$1,158$155
44 years$10,218$6,099$3,493$1,938$1,051$133
45 years$9,878$5,816$3,279$1,790$954$114
46 years$9,554$5,548$3,080$1,653$866$98
47 years$9,245$5,294$2,894$1,527$786$84
48 years$8,950$5,054$2,719$1,411$714$72
49 years$8,667$4,826$2,556$1,304$649$62
50 years$8,397$4,610$2,403$1,205$589$53

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 $4,123 every year, while hoping to spend $56,946 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: 55/40/5 Blend
60$8,600,000$8,600,000$8,600,000$8,600,000
61$9,481,453$9,025,653$8,892,353$9,993,056
62$10,387,971$9,407,320$9,129,657$10,719,924
63$11,385,045$9,805,780$9,373,001$11,504,167
64$12,481,853$10,221,796$9,622,530$12,356,549
65$13,688,503$10,656,165$9,878,386$13,283,540
66$15,016,138$11,109,725$10,140,719$14,292,251
67$16,477,030$11,583,348$10,409,680$15,390,496
68$18,084,705$12,077,950$10,685,422$16,586,864
69$19,854,064$12,594,488$10,968,102$17,890,797
70$21,801,526$13,133,965$11,257,881$19,312,676
71$23,945,183$13,697,431$11,554,922$20,863,916
72$26,304,970$14,285,983$11,859,390$22,557,068
73$28,902,853$14,900,772$12,171,455$24,405,937
74$31,763,035$15,543,001$12,491,290$26,425,708
75$34,912,187$16,213,931$12,819,070$28,633,083
76$38,379,696$16,914,879$13,154,975$31,046,437
77$42,197,944$17,647,227$13,499,186$33,685,986
78$46,402,614$18,412,422$13,851,889$36,573,973
79$51,033,026$19,211,976$14,213,273$39,734,876
80$56,132,507$20,047,474$14,583,529$43,195,629
81$61,748,799$20,920,577$14,962,853$46,985,877
82$67,934,512$21,833,021$15,351,445$51,138,246
83$74,747,619$22,786,625$15,749,505$55,688,647
84$82,252,002$23,783,296$16,157,239$60,676,610
85$90,518,056$24,825,028$16,574,857$66,145,649
86$99,623,353$25,913,909$17,002,570$72,143,667
87$109,653,372$27,052,128$17,440,593$78,723,404
88$120,702,310$28,241,975$17,889,146$85,942,925
89$132,873,964$29,485,851$18,348,451$93,866,160
90$146,282,717$30,786,266$18,818,733$102,563,502
91$161,054,615$32,145,854$19,300,221$112,112,465
92$177,328,554$33,567,370$19,793,148$122,598,403
93$195,257,597$35,053,701$20,297,748$134,115,310
94$215,010,409$36,607,870$20,814,260$146,766,696
95$236,772,860$38,233,044$21,342,927$160,666,558
96$260,749,769$39,932,541$21,883,993$175,940,442
97$287,166,845$41,709,834$22,437,705$192,726,621
98$316,272,811$43,568,564$23,004,316$211,177,387
99$348,341,756$45,512,543$23,584,080$231,460,478
100$383,675,721$47,545,763$24,177,252$253,760,651