Can I retire at age 61 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$255,995$253,715$251,490$249,319$247,198$237,297
2 years$126,730$124,370$122,083$119,865$117,714$107,862
3 years$83,648$81,277$78,996$76,799$74,682$65,191
4 years$62,110$59,747$57,489$55,329$53,264$44,206
5 years$49,192$46,843$44,613$42,498$40,490$31,888
6 years$40,582$38,251$36,054$33,986$32,039$23,897
7 years$34,434$32,123$29,961$27,942$26,056$18,372
8 years$29,826$27,535$25,410$23,440$21,616$14,382
9 years$26,243$23,974$21,885$19,965$18,204$11,409
10 years$23,379$21,132$19,080$17,210$15,511$9,141
11 years$21,037$18,813$16,798$14,978$13,340$7,381
12 years$19,087$16,885$14,908$13,138$11,560$5,995
13 years$17,438$15,259$13,319$11,599$10,080$4,893
14 years$16,026$13,870$11,967$10,296$8,836$4,009
15 years$14,803$12,671$10,805$9,182$7,780$3,294
16 years$13,734$11,625$9,796$8,222$6,876$2,714
17 years$12,792$10,706$8,914$7,387$6,097$2,240
18 years$11,956$9,893$8,137$6,657$5,421$1,852
19 years$11,208$9,169$7,449$6,015$4,832$1,534
20 years$10,536$8,520$6,837$5,448$4,316$1,271
21 years$9,929$7,936$6,288$4,945$3,862$1,055
22 years$9,377$7,408$5,796$4,496$3,462$876
23 years$8,875$6,929$5,351$4,094$3,108$727
24 years$8,415$6,492$4,949$3,734$2,793$605
25 years$7,992$6,092$4,584$3,410$2,514$503
26 years$7,603$5,726$4,251$3,118$2,264$418
27 years$7,243$5,389$3,948$2,854$2,041$348
28 years$6,909$5,078$3,670$2,615$1,842$290
29 years$6,599$4,790$3,415$2,398$1,663$241
30 years$6,310$4,524$3,181$2,201$1,503$201
31 years$6,041$4,276$2,966$2,021$1,359$167
32 years$5,788$4,046$2,767$1,858$1,229$139
33 years$5,552$3,832$2,584$1,708$1,112$116
34 years$5,329$3,632$2,414$1,572$1,007$97
35 years$5,120$3,445$2,257$1,447$912$80
36 years$4,924$3,270$2,111$1,333$826$67
37 years$4,738$3,105$1,976$1,228$749$56
38 years$4,562$2,951$1,850$1,132$679$47
39 years$4,396$2,806$1,734$1,043$616$39
40 years$4,238$2,670$1,625$962$559$32
41 years$4,089$2,542$1,524$888$507$27
42 years$3,947$2,420$1,429$819$460$22
43 years$3,812$2,306$1,341$756$417$19
44 years$3,683$2,198$1,259$698$379$16
45 years$3,561$2,096$1,182$645$344$13
46 years$3,444$2,000$1,110$596$312$11
47 years$3,333$1,908$1,043$550$283$9
48 years$3,226$1,822$980$509$257$8
49 years$3,124$1,740$921$470$234$6
50 years$3,027$1,662$866$435$212$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,100,000, adding $4,592 every year, while hoping to spend $40,301 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: 83/12/5 Blend
60$3,100,000$3,100,000$3,100,000$3,100,000
61$3,420,937$3,256,637$3,208,587$3,704,306
62$3,726,992$3,373,332$3,273,194$4,006,662
63$4,062,915$3,494,394$3,338,616$4,332,662
64$4,431,708$3,619,996$3,404,835$4,689,343
65$4,836,681$3,750,315$3,471,836$5,079,755
66$5,281,479$3,885,536$3,539,599$5,507,254
67$5,770,118$4,025,855$3,608,103$5,975,537
68$6,307,020$4,171,472$3,677,325$6,488,672
69$6,897,059$4,322,597$3,747,238$7,051,144
70$7,545,604$4,479,450$3,817,816$7,667,888
71$8,258,569$4,642,256$3,889,026$8,344,343
72$9,042,471$4,811,255$3,960,837$9,086,496
73$9,904,489$4,986,693$4,033,211$9,900,943
74$10,852,534$5,168,827$4,106,110$10,794,951
75$11,895,319$5,357,927$4,179,492$11,776,521
76$13,042,447$5,554,270$4,253,310$12,854,470
77$14,304,496$5,758,150$4,327,516$14,038,507
78$15,693,124$5,969,868$4,402,057$15,339,331
79$17,221,174$6,189,742$4,476,876$16,768,726
80$18,902,796$6,418,102$4,551,914$18,339,672
81$20,753,583$6,655,291$4,627,105$20,066,474
82$22,790,715$6,901,667$4,702,380$21,964,885
83$25,033,123$7,157,604$4,777,665$24,052,266
84$27,501,666$7,423,491$4,852,881$26,347,739
85$30,219,329$7,699,734$4,927,945$28,872,375
86$33,211,436$7,986,757$5,002,767$31,649,387
87$36,505,895$8,285,000$5,077,252$34,704,350
88$40,133,455$8,594,925$5,151,299$38,065,445
89$44,128,002$8,917,011$5,224,802$41,763,719
90$48,526,872$9,251,758$5,297,647$45,833,379
91$53,371,208$9,599,689$5,369,713$50,312,118
92$58,706,346$9,961,348$5,440,872$55,241,464
93$64,582,242$10,337,304$5,510,991$60,667,176
94$71,053,948$10,728,149$5,579,927$66,639,674
95$78,182,124$11,134,501$5,647,527$73,214,512
96$86,033,615$11,557,005$5,713,633$80,452,904
97$94,682,080$11,996,336$5,778,077$88,422,300
98$104,208,690$12,453,194$5,840,680$97,197,022
99$114,702,889$12,928,312$5,901,255$106,858,964
100$126,263,240$13,422,457$5,959,604$117,498,366