Can I retire at age 61 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$305,543$302,821$300,166$297,574$295,043$290,995
2 years$151,259$148,442$145,711$143,064$140,497$136,425
3 years$99,837$97,008$94,285$91,663$89,137$85,169
4 years$74,132$71,311$68,615$66,038$63,573$59,739
5 years$58,713$55,909$53,248$50,723$48,327$44,638
6 years$48,436$45,654$43,033$40,564$38,240$34,700
7 years$41,099$38,340$35,760$33,350$31,099$27,710
8 years$35,599$32,864$30,328$27,976$25,800$22,561
9 years$31,323$28,614$26,121$23,830$21,727$18,637
10 years$27,904$25,222$22,773$20,541$18,513$15,570
11 years$25,109$22,454$20,049$17,877$15,921$13,122
12 years$22,781$20,153$17,793$15,681$13,797$11,138
13 years$20,813$18,213$15,897$13,844$12,031$9,510
14 years$19,128$16,555$14,283$12,289$10,547$8,158
15 years$17,668$15,123$12,896$10,960$9,286$7,027
16 years$16,392$13,875$11,692$9,813$8,207$6,072
17 years$15,268$12,779$10,639$8,817$7,277$5,263
18 years$14,269$11,808$9,712$7,946$6,470$4,572
19 years$13,377$10,944$8,891$7,180$5,767$3,980
20 years$12,575$10,169$8,160$6,503$5,151$3,471
21 years$11,850$9,472$7,506$5,902$4,610$3,032
22 years$11,192$8,842$6,917$5,366$4,132$2,651
23 years$10,593$8,270$6,387$4,887$3,709$2,321
24 years$10,044$7,748$5,907$4,457$3,334$2,035
25 years$9,539$7,271$5,471$4,070$3,000$1,785
26 years$9,074$6,834$5,074$3,722$2,702$1,567
27 years$8,645$6,431$4,712$3,407$2,436$1,376
28 years$8,246$6,060$4,380$3,121$2,198$1,210
29 years$7,876$5,717$4,076$2,862$1,985$1,064
30 years$7,532$5,399$3,797$2,627$1,794$936
31 years$7,210$5,104$3,540$2,413$1,622$824
32 years$6,909$4,830$3,303$2,217$1,467$725
33 years$6,626$4,574$3,084$2,039$1,328$639
34 years$6,361$4,335$2,881$1,876$1,202$563
35 years$6,112$4,111$2,694$1,727$1,089$496
36 years$5,876$3,902$2,520$1,590$986$437
37 years$5,655$3,706$2,359$1,465$894$385
38 years$5,445$3,522$2,209$1,351$810$339
39 years$5,247$3,349$2,069$1,245$735$299
40 years$5,058$3,187$1,940$1,149$667$264
41 years$4,880$3,033$1,819$1,060$605$233
42 years$4,711$2,889$1,706$978$549$205
43 years$4,550$2,753$1,601$903$498$181
44 years$4,396$2,624$1,503$834$452$160
45 years$4,250$2,502$1,411$770$410$141
46 years$4,111$2,387$1,325$711$373$124
47 years$3,978$2,278$1,245$657$338$110
48 years$3,850$2,174$1,170$607$307$97
49 years$3,729$2,076$1,100$561$279$85
50 years$3,612$1,984$1,034$519$253$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $3,700,000, adding $6,526 every year, while hoping to spend $42,037 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: 41/37/22 Blend
60$3,700,000$3,700,000$3,700,000$3,700,000
61$4,084,132$3,888,032$3,830,682$4,224,883
62$4,455,986$4,033,818$3,914,282$4,471,951
63$4,864,361$4,185,339$3,999,275$4,734,692
64$5,312,936$4,342,832$4,085,661$5,018,235
65$5,805,767$4,506,542$4,173,443$5,324,506
66$6,347,321$4,676,728$4,262,618$5,655,625
67$6,942,518$4,853,658$4,353,187$6,013,919
68$7,596,780$5,037,613$4,445,144$6,401,945
69$8,316,080$5,228,884$4,538,484$6,822,514
70$9,106,998$5,427,777$4,633,201$7,278,717
71$9,976,784$5,634,610$4,729,285$7,773,950
72$10,933,425$5,849,715$4,826,726$8,311,949
73$11,985,723$6,073,439$4,925,509$8,896,821
74$13,143,373$6,306,145$5,025,620$9,533,087
75$14,417,059$6,548,208$5,127,041$10,225,713
76$15,818,553$6,800,024$5,229,751$10,980,169
77$17,360,824$7,062,004$5,333,726$11,802,467
78$19,058,164$7,334,578$5,438,942$12,699,227
79$20,926,318$7,618,193$5,545,367$13,677,730
80$22,982,637$7,913,319$5,652,971$14,745,990
81$25,246,238$8,220,444$5,761,718$15,912,826
82$27,738,186$8,540,078$5,871,568$17,187,945
83$30,481,694$8,872,754$5,982,478$18,582,032
84$33,502,337$9,219,029$6,094,401$20,106,849
85$36,828,298$9,579,484$6,207,286$21,775,342
86$40,490,632$9,954,727$6,321,078$23,601,767
87$44,523,558$10,345,390$6,435,716$25,601,817
88$48,964,783$10,752,137$6,551,135$27,792,771
89$53,855,858$11,175,658$6,667,265$30,193,654
90$59,242,567$11,616,677$6,784,030$32,825,418
91$65,175,364$12,075,949$6,901,349$35,711,132
92$71,709,842$12,554,262$7,019,136$38,876,202
93$78,907,264$13,052,439$7,137,295$42,348,605
94$86,835,139$13,571,342$7,255,729$46,159,156
95$95,567,856$14,111,871$7,374,328$50,341,789
96$105,187,390$14,674,965$7,492,980$54,933,883
97$115,784,071$15,261,606$7,611,563$59,976,603
98$127,457,443$15,872,821$7,729,947$65,515,294
99$140,317,195$16,509,682$7,847,993$71,599,902
100$154,484,204$17,173,312$7,965,556$78,285,444