Can I retire at age 61 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$421,153$417,402$413,742$410,169$406,681$401,766
2 years$208,492$204,609$200,846$197,197$193,658$188,711
3 years$137,614$133,714$129,960$126,346$122,864$118,040
4 years$102,182$98,294$94,578$91,025$87,628$82,963
5 years$80,928$77,064$73,396$69,916$66,613$62,122
6 years$66,764$62,928$59,315$55,912$52,709$48,396
7 years$56,650$52,847$49,291$45,969$42,866$38,733
8 years$49,068$45,300$41,803$38,562$35,562$31,608
9 years$43,175$39,442$36,005$32,846$29,948$26,173
10 years$38,462$34,766$31,390$28,314$25,517$21,918
11 years$34,610$30,950$27,635$24,641$21,946$18,519
12 years$31,401$27,779$24,525$21,614$19,018$15,759
13 years$28,688$25,104$21,912$19,082$16,584$13,490
14 years$26,365$22,819$19,688$16,939$14,537$11,603
15 years$24,353$20,846$17,775$15,106$12,800$10,021
16 years$22,595$19,125$16,116$13,526$11,312$8,684
17 years$21,045$17,614$14,665$12,153$10,030$7,548
18 years$19,669$16,276$13,387$10,952$8,919$6,576
19 years$18,439$15,084$12,255$9,896$7,949$5,741
20 years$17,333$14,017$11,247$8,963$7,101$5,022
21 years$16,334$13,056$10,345$8,135$6,354$4,399
22 years$15,427$12,188$9,535$7,396$5,696$3,859
23 years$14,601$11,399$8,804$6,736$5,113$3,389
24 years$13,844$10,680$8,142$6,144$4,595$2,980
25 years$13,149$10,023$7,541$5,611$4,135$2,622
26 years$12,508$9,420$6,994$5,130$3,725$2,309
27 years$11,916$8,865$6,495$4,696$3,358$2,035
28 years$11,367$8,353$6,038$4,302$3,030$1,794
29 years$10,857$7,881$5,618$3,945$2,736$1,583
30 years$10,381$7,442$5,233$3,621$2,472$1,397
31 years$9,938$7,035$4,879$3,325$2,235$1,234
32 years$9,523$6,657$4,552$3,056$2,022$1,090
33 years$9,133$6,304$4,250$2,810$1,830$963
34 years$8,768$5,975$3,971$2,586$1,657$851
35 years$8,424$5,667$3,713$2,380$1,501$753
36 years$8,100$5,379$3,473$2,192$1,360$665
37 years$7,794$5,109$3,251$2,020$1,232$589
38 years$7,505$4,855$3,044$1,862$1,117$521
39 years$7,232$4,617$2,852$1,717$1,013$461
40 years$6,973$4,393$2,673$1,583$919$408
41 years$6,727$4,181$2,507$1,461$834$361
42 years$6,493$3,982$2,351$1,348$756$319
43 years$6,271$3,794$2,207$1,245$686$283
44 years$6,060$3,617$2,071$1,149$623$250
45 years$5,858$3,449$1,945$1,061$566$221
46 years$5,666$3,290$1,827$980$514$196
47 years$5,483$3,140$1,716$906$466$174
48 years$5,307$2,997$1,613$837$424$154
49 years$5,140$2,862$1,516$773$385$136
50 years$4,979$2,734$1,425$715$349$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,100,000, adding $5,140 every year, while hoping to spend $22,461 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: 73/9/18 Blend
60$5,100,000$5,100,000$5,100,000$5,100,000
61$5,625,502$5,355,202$5,276,152$6,012,148
62$6,175,405$5,593,708$5,429,005$6,507,955
63$6,780,645$5,843,149$5,586,225$7,047,708
64$7,446,843$6,104,036$5,747,936$7,638,417
65$8,180,192$6,376,905$5,914,263$8,285,138
66$8,987,517$6,662,318$6,085,336$8,993,440
67$9,876,337$6,960,865$6,261,288$9,769,450
68$10,854,937$7,273,161$6,442,255$10,619,919
69$11,932,448$7,599,853$6,628,378$11,552,277
70$13,118,930$7,941,618$6,819,800$12,574,710
71$14,425,467$8,299,164$7,016,671$13,696,229
72$15,864,277$8,673,235$7,219,141$14,926,760
73$17,448,818$9,064,609$7,427,367$16,277,233
74$19,193,924$9,474,101$7,641,511$17,759,688
75$21,115,939$9,902,566$7,861,736$19,387,385
76$23,232,872$10,350,900$8,088,211$21,174,927
77$25,564,571$10,820,039$8,321,112$23,138,402
78$28,132,904$11,310,968$8,560,616$25,295,528
79$30,961,970$11,824,716$8,806,907$27,665,824
80$34,078,326$12,362,362$9,060,173$30,270,791
81$37,511,235$12,925,037$9,320,608$33,134,111
82$41,292,943$13,513,926$9,588,411$36,281,875
83$45,458,985$14,130,271$9,863,785$39,742,826
84$50,048,520$14,775,372$10,146,940$43,548,625
85$55,104,699$15,450,595$10,438,092$47,734,155
86$60,675,071$16,157,367$10,737,461$52,337,845
87$66,812,036$16,897,186$11,045,274$57,402,032
88$73,573,338$17,671,622$11,361,765$62,973,358
89$81,022,606$18,482,319$11,687,171$69,103,213
90$89,229,960$19,331,001$12,021,740$75,848,213
91$98,272,670$20,219,474$12,365,723$83,270,736
92$108,235,886$21,149,633$12,719,378$91,439,508
93$119,213,442$22,123,460$13,082,973$100,430,253
94$131,308,739$23,143,035$13,456,778$110,326,401
95$144,635,726$24,210,540$13,841,076$121,219,875
96$159,319,970$25,328,256$14,236,152$133,211,959
97$175,499,847$26,498,580$14,642,303$146,414,253
98$193,327,842$27,724,021$15,059,831$160,949,718
99$212,971,993$29,007,210$15,489,046$176,953,839
100$234,617,476$30,350,903$15,930,269$194,575,905