Can I retire at age 61 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$272,511$270,084$267,715$265,404$263,147$253,608
2 years$134,906$132,394$129,959$127,598$125,308$115,803
3 years$89,044$86,521$84,092$81,753$79,500$70,328
4 years$66,118$63,602$61,197$58,899$56,700$47,930
5 years$52,365$49,865$47,492$45,240$43,103$34,757
6 years$43,200$40,718$38,380$36,179$34,106$26,191
7 years$36,656$34,195$31,894$29,744$27,737$20,252
8 years$31,750$29,312$27,049$24,952$23,011$15,948
9 years$27,937$25,521$23,297$21,253$19,378$12,729
10 years$24,887$22,496$20,311$18,321$16,511$10,264
11 years$22,394$20,026$17,881$15,944$14,200$8,341
12 years$20,318$17,975$15,869$13,985$12,306$6,821
13 years$18,563$16,244$14,178$12,347$10,731$5,605
14 years$17,060$14,765$12,739$10,960$9,406$4,624
15 years$15,758$13,488$11,502$9,775$8,282$3,827
16 years$14,620$12,375$10,428$8,752$7,320$3,176
17 years$13,617$11,397$9,489$7,864$6,490$2,641
18 years$12,727$10,531$8,662$7,087$5,771$2,200
19 years$11,931$9,760$7,930$6,404$5,144$1,836
20 years$11,216$9,070$7,278$5,800$4,594$1,533
21 years$10,569$8,448$6,694$5,264$4,112$1,282
22 years$9,982$7,886$6,170$4,786$3,685$1,073
23 years$9,447$7,376$5,697$4,359$3,308$898
24 years$8,958$6,911$5,268$3,975$2,973$753
25 years$8,508$6,485$4,880$3,630$2,676$631
26 years$8,093$6,095$4,526$3,319$2,410$529
27 years$7,710$5,736$4,202$3,038$2,173$444
28 years$7,355$5,405$3,907$2,784$1,961$372
29 years$7,025$5,099$3,635$2,553$1,770$313
30 years$6,717$4,816$3,386$2,343$1,600$262
31 years$6,430$4,552$3,157$2,152$1,446$220
32 years$6,162$4,307$2,945$1,977$1,308$185
33 years$5,910$4,079$2,750$1,818$1,184$155
34 years$5,673$3,866$2,570$1,673$1,072$130
35 years$5,451$3,667$2,402$1,540$971$110
36 years$5,241$3,481$2,247$1,418$880$92
37 years$5,043$3,306$2,104$1,307$797$77
38 years$4,856$3,142$1,970$1,205$723$65
39 years$4,679$2,987$1,846$1,111$655$55
40 years$4,512$2,842$1,730$1,025$595$46
41 years$4,353$2,706$1,622$945$539$39
42 years$4,201$2,577$1,522$872$489$32
43 years$4,058$2,455$1,428$805$444$27
44 years$3,921$2,340$1,340$744$403$23
45 years$3,791$2,232$1,258$687$366$19
46 years$3,666$2,129$1,182$634$332$16
47 years$3,548$2,032$1,110$586$302$14
48 years$3,434$1,939$1,043$541$274$11
49 years$3,326$1,852$981$500$249$10
50 years$3,222$1,769$922$463$226$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,300,000, adding $5,420 every year, while hoping to spend $20,030 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: 42/48/10 Blend
60$3,300,000$3,300,000$3,300,000$3,300,000
61$3,642,191$3,467,291$3,416,141$3,784,270
62$3,992,382$3,615,876$3,509,270$4,032,669
63$4,377,622$3,771,071$3,604,847$4,299,042
64$4,801,464$3,933,178$3,702,934$4,587,022
65$5,267,824$4,102,514$3,803,592$4,898,589
66$5,781,015$4,279,410$3,906,886$5,235,912
67$6,345,792$4,464,215$4,012,880$5,601,374
68$6,967,392$4,657,291$4,121,641$5,997,588
69$7,651,587$4,859,019$4,233,237$6,427,425
70$8,404,736$5,069,798$4,347,737$6,894,035
71$9,233,845$5,290,044$4,465,213$7,400,880
72$10,146,637$5,520,195$4,585,736$7,951,760
73$11,151,617$5,760,708$4,709,382$8,550,851
74$12,258,161$6,012,062$4,836,226$9,202,740
75$13,476,599$6,274,759$4,966,344$9,912,471
76$14,818,312$6,549,322$5,099,817$10,685,582
77$16,295,845$6,836,303$5,236,726$11,528,165
78$17,923,016$7,136,277$5,377,151$12,446,916
79$19,715,056$7,449,848$5,521,178$13,449,195
80$21,688,747$7,777,645$5,668,893$14,543,096
81$23,862,581$8,120,332$5,820,383$15,737,521
82$26,256,936$8,478,600$5,975,737$17,042,260
83$28,894,267$8,853,175$6,135,048$18,468,080
84$31,799,319$9,244,817$6,298,408$20,026,826
85$34,999,357$9,654,320$6,465,913$21,731,530
86$38,524,429$10,082,520$6,637,658$23,596,526
87$42,407,645$10,530,288$6,813,745$25,637,592
88$46,685,492$10,998,539$6,994,272$27,872,083
89$51,398,176$11,488,231$7,179,343$30,319,103
90$56,590,002$12,000,366$7,369,064$32,999,674
91$62,309,795$12,535,997$7,563,540$35,936,934
92$68,611,356$13,096,223$7,762,881$39,156,351
93$75,553,975$13,682,198$7,967,198$42,685,958
94$83,202,985$14,295,130$8,176,603$46,556,613
95$91,630,382$14,936,285$8,391,213$50,802,290
96$100,915,506$15,606,988$8,611,143$55,460,390
97$111,145,786$16,308,628$8,836,515$60,572,089
98$122,417,567$17,042,661$9,067,448$66,182,726
99$134,837,019$17,810,612$9,304,068$72,342,221
100$148,521,140$18,614,077$9,546,499$79,105,543