Can I retire at age 61 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$264,253$261,899$259,603$257,361$255,172$253,777
2 years$130,818$128,382$126,021$123,731$121,511$120,103
3 years$86,346$83,899$81,544$79,276$77,091$75,714
4 years$64,114$61,675$59,343$57,114$54,982$53,647
5 years$50,778$48,354$46,053$43,869$41,797$40,507
6 years$41,891$39,484$37,217$35,082$33,072$31,829
7 years$35,545$33,159$30,928$28,843$26,897$25,702
8 years$30,788$28,423$26,229$24,196$22,313$21,166
9 years$27,090$24,748$22,591$20,609$18,791$17,692
10 years$24,133$21,814$19,696$17,766$16,011$14,958
11 years$21,716$19,420$17,340$15,461$13,770$12,764
12 years$19,703$17,430$15,388$13,562$11,933$10,972
13 years$18,000$15,752$13,749$11,973$10,406$9,489
14 years$16,543$14,318$12,353$10,628$9,121$8,249
15 years$15,281$13,080$11,153$9,478$8,031$7,201
16 years$14,177$12,000$10,112$8,487$7,098$6,309
17 years$13,205$11,052$9,202$7,625$6,294$5,545
18 years$12,341$10,212$8,400$6,872$5,596$4,886
19 years$11,569$9,465$7,690$6,210$4,988$4,315
20 years$10,876$8,795$7,057$5,624$4,455$3,819
21 years$10,249$8,192$6,491$5,104$3,987$3,385
22 years$9,680$7,647$5,983$4,641$3,574$3,006
23 years$9,161$7,152$5,524$4,226$3,208$2,672
24 years$8,686$6,701$5,109$3,855$2,883$2,378
25 years$8,250$6,289$4,732$3,520$2,595$2,119
26 years$7,848$5,910$4,388$3,219$2,337$1,890
27 years$7,477$5,562$4,075$2,946$2,107$1,686
28 years$7,132$5,241$3,788$2,699$1,901$1,506
29 years$6,812$4,945$3,525$2,475$1,717$1,346
30 years$6,514$4,670$3,284$2,272$1,551$1,204
31 years$6,235$4,414$3,061$2,087$1,402$1,077
32 years$5,975$4,177$2,856$1,918$1,269$964
33 years$5,731$3,956$2,667$1,763$1,148$863
34 years$5,501$3,749$2,492$1,622$1,039$773
35 years$5,286$3,556$2,330$1,494$942$693
36 years$5,082$3,375$2,179$1,376$853$621
37 years$4,890$3,206$2,040$1,267$773$557
38 years$4,709$3,046$1,910$1,168$701$499
39 years$4,538$2,897$1,790$1,077$636$448
40 years$4,375$2,756$1,677$993$577$402
41 years$4,221$2,624$1,573$917$523$360
42 years$4,074$2,499$1,475$846$475$323
43 years$3,935$2,381$1,384$781$431$290
44 years$3,802$2,269$1,300$721$391$260
45 years$3,676$2,164$1,220$666$355$234
46 years$3,555$2,064$1,146$615$322$210
47 years$3,440$1,970$1,077$568$293$188
48 years$3,330$1,881$1,012$525$266$169
49 years$3,225$1,796$951$485$241$152
50 years$3,124$1,715$894$449$219$136

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,200,000, adding $4,798 every year, while hoping to spend $38,612 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: 27/45/28 Blend
60$3,200,000$3,200,000$3,200,000$3,200,000
61$3,531,349$3,361,749$3,312,149$3,595,809
62$3,850,464$3,485,392$3,382,023$3,772,059
63$4,200,834$3,613,799$3,452,944$3,957,522
64$4,585,607$3,747,164$3,524,906$4,155,865
65$5,008,251$3,885,686$3,597,901$4,368,212
66$5,472,583$4,029,575$3,671,922$4,595,797
67$5,982,812$4,179,050$3,746,957$4,839,970
68$6,543,574$4,334,339$3,822,995$5,102,216
69$7,159,975$4,495,677$3,900,021$5,384,161
70$7,837,640$4,663,313$3,978,020$5,687,593
71$8,582,769$4,837,505$4,056,973$6,014,471
72$9,402,190$5,018,522$4,136,861$6,366,949
73$10,303,427$5,206,643$4,217,659$6,747,392
74$11,294,771$5,402,162$4,299,345$7,158,396
75$12,385,353$5,605,385$4,381,889$7,602,817
76$13,585,239$5,816,628$4,465,262$8,083,789
77$14,905,515$6,036,224$4,549,430$8,604,758
78$16,358,399$6,264,520$4,634,357$9,169,514
79$17,957,351$6,501,877$4,720,003$9,782,220
80$19,717,203$6,748,672$4,806,326$10,447,456
81$21,654,299$7,005,298$4,893,279$11,170,256
82$23,786,646$7,272,166$4,980,813$11,956,157
83$26,134,086$7,549,705$5,068,872$12,811,251
84$28,718,483$7,838,360$5,157,399$13,742,237
85$31,563,928$8,138,600$5,246,332$14,756,485
86$34,696,967$8,450,910$5,335,602$15,862,104
87$38,146,853$8,775,799$5,425,140$17,068,018
88$41,945,816$9,113,797$5,514,866$18,384,044
89$46,129,375$9,465,459$5,604,700$19,820,990
90$50,736,668$9,831,363$5,694,554$21,390,747
91$55,810,820$10,212,112$5,784,334$23,106,405
92$61,399,355$10,608,337$5,873,940$24,982,373
93$67,554,639$11,020,695$5,963,267$27,034,513
94$74,334,378$11,449,875$6,052,202$29,280,286
95$81,802,158$11,896,592$6,140,624$31,738,916
96$90,028,051$12,361,598$6,228,408$34,431,569
97$99,089,270$12,845,674$6,315,418$37,381,551
98$109,070,902$13,349,638$6,401,510$40,614,521
99$120,066,707$13,874,344$6,486,535$44,158,738
100$132,180,008$14,420,684$6,570,330$48,045,319