Can I retire at age 61 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$297,285$294,637$292,053$289,531$287,069$284,545
2 years$147,171$144,430$141,773$139,198$136,700$134,156
3 years$97,139$94,386$91,737$89,185$86,728$84,244
4 years$72,128$69,384$66,761$64,253$61,855$59,449
5 years$57,126$54,398$51,809$49,352$47,021$44,701
6 years$47,127$44,420$41,869$39,468$37,206$34,975
7 years$39,988$37,304$34,794$32,448$30,259$28,117
8 years$34,637$31,976$29,508$27,220$25,102$23,050
9 years$30,476$27,841$25,415$23,186$21,140$19,176
10 years$27,150$24,541$22,157$19,986$18,012$16,136
11 years$24,430$21,847$19,507$17,394$15,491$13,701
12 years$22,165$19,609$17,312$15,257$13,424$11,719
13 years$20,251$17,721$15,467$13,470$11,706$10,084
14 years$18,611$16,107$13,897$11,957$10,262$8,720
15 years$17,191$14,714$12,547$10,663$9,035$7,571
16 years$15,949$13,500$11,376$9,548$7,985$6,598
17 years$14,855$12,433$10,352$8,579$7,080$5,766
18 years$13,884$11,489$9,450$7,731$6,295$5,052
19 years$13,016$10,648$8,651$6,986$5,611$4,437
20 years$12,235$9,894$7,939$6,327$5,012$3,904
21 years$11,530$9,216$7,303$5,742$4,485$3,440
22 years$10,890$8,603$6,731$5,221$4,020$3,036
23 years$10,306$8,046$6,214$4,755$3,609$2,683
24 years$9,772$7,539$5,747$4,337$3,244$2,373
25 years$9,281$7,075$5,323$3,960$2,919$2,101
26 years$8,829$6,649$4,937$3,621$2,629$1,862
27 years$8,411$6,258$4,584$3,315$2,371$1,652
28 years$8,024$5,897$4,262$3,037$2,139$1,466
29 years$7,664$5,563$3,966$2,785$1,931$1,302
30 years$7,328$5,253$3,694$2,556$1,745$1,156
31 years$7,015$4,966$3,444$2,347$1,578$1,028
32 years$6,722$4,699$3,213$2,157$1,427$914
33 years$6,447$4,450$3,000$1,984$1,292$813
34 years$6,189$4,218$2,803$1,825$1,169$723
35 years$5,946$4,000$2,621$1,680$1,059$644
36 years$5,718$3,797$2,452$1,547$960$573
37 years$5,502$3,606$2,295$1,426$870$510
38 years$5,298$3,427$2,149$1,314$789$455
39 years$5,105$3,259$2,013$1,212$715$405
40 years$4,922$3,101$1,887$1,118$649$361
41 years$4,748$2,951$1,770$1,031$588$321
42 years$4,583$2,811$1,660$952$534$286
43 years$4,427$2,678$1,558$878$485$255
44 years$4,277$2,553$1,462$811$440$228
45 years$4,135$2,434$1,373$749$399$203
46 years$3,999$2,322$1,289$692$363$181
47 years$3,870$2,216$1,211$639$329$161
48 years$3,746$2,116$1,138$591$299$144
49 years$3,628$2,020$1,070$546$272$128
50 years$3,515$1,930$1,006$505$247$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,600,000, adding $5,565 every year, while hoping to spend $35,522 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: 59/25/16 Blend
60$3,600,000$3,600,000$3,600,000$3,600,000
61$3,972,940$3,782,140$3,726,340$4,190,734
62$4,340,385$3,929,670$3,813,378$4,486,108
63$4,744,119$4,083,238$3,902,140$4,803,651
64$5,187,805$4,243,103$3,992,648$5,149,113
65$5,675,481$4,409,535$4,084,921$5,525,194
66$6,211,593$4,582,815$4,178,979$5,934,861
67$6,801,040$4,763,238$4,274,840$6,381,380
68$7,449,221$4,951,111$4,372,522$6,868,345
69$8,162,083$5,146,757$4,472,042$7,399,710
70$8,946,177$5,350,509$4,573,417$7,979,824
71$9,808,722$5,562,720$4,676,663$8,613,478
72$10,757,674$5,783,755$4,781,793$9,305,941
73$11,801,795$6,013,998$4,888,821$10,063,013
74$12,950,742$6,253,848$4,997,761$10,891,080
75$14,215,154$6,503,723$5,108,622$11,797,172
76$15,606,755$6,764,060$5,221,416$12,789,027
77$17,138,461$7,035,316$5,336,150$13,875,164
78$18,824,505$7,317,967$5,452,832$15,064,963
79$20,680,570$7,612,513$5,571,468$16,368,754
80$22,723,937$7,919,475$5,692,061$17,797,909
81$24,973,647$8,239,397$5,814,613$19,364,952
82$27,450,680$8,572,850$5,939,124$21,083,674
83$30,178,158$8,920,427$6,065,593$22,969,262
84$33,181,555$9,282,753$6,194,015$25,038,444
85$36,488,942$9,660,477$6,324,383$27,309,641
86$40,131,254$10,054,280$6,456,690$29,803,141
87$44,142,575$10,464,873$6,590,922$32,541,291
88$48,560,466$10,893,000$6,727,066$35,548,706
89$53,426,315$11,339,439$6,865,105$38,852,496
90$58,785,731$11,805,002$7,005,017$42,482,524
91$64,688,969$12,290,542$7,146,779$46,471,687
92$71,191,412$12,796,946$7,290,363$50,856,220
93$78,354,084$13,325,145$7,435,739$55,676,041
94$86,244,236$13,876,112$7,582,872$60,975,123
95$94,935,971$14,450,864$7,731,721$66,801,908
96$104,510,950$15,050,467$7,882,244$73,209,762
97$115,059,159$15,676,032$8,034,391$80,257,476
98$126,679,761$16,328,725$8,188,111$88,009,821
99$139,482,028$17,009,764$8,343,344$96,538,153
100$153,586,376$17,720,423$8,500,027$105,921,089