Can I retire at age 61 with 5,200,000?

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 $5,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$429,411$425,586$421,854$418,212$414,655$409,814
2 years$212,580$208,621$204,784$201,063$197,455$192,582
3 years$140,312$136,336$132,509$128,823$125,274$120,520
4 years$104,185$100,221$96,432$92,810$89,346$84,749
5 years$82,515$78,575$74,835$71,287$67,919$63,492
6 years$68,073$64,162$60,478$57,009$53,742$49,490
7 years$57,761$53,883$50,258$46,870$43,707$39,631
8 years$50,031$46,188$42,622$39,318$36,259$32,360
9 years$44,021$40,215$36,711$33,490$30,535$26,811
10 years$39,217$35,447$32,005$28,869$26,018$22,466
11 years$35,288$31,557$28,177$25,125$22,376$18,993
12 years$32,017$28,324$25,006$22,038$19,391$16,173
13 years$29,251$25,596$22,341$19,456$16,909$13,853
14 years$26,882$23,266$20,074$17,271$14,822$11,924
15 years$24,831$21,254$18,124$15,403$13,051$10,305
16 years$23,038$19,500$16,432$13,791$11,534$8,937
17 years$21,458$17,959$14,953$12,391$10,227$7,772
18 years$20,054$16,595$13,650$11,167$9,093$6,776
19 years$18,800$15,380$12,496$10,090$8,105$5,921
20 years$17,673$14,292$11,468$9,139$7,240$5,182
21 years$16,655$13,312$10,548$8,294$6,479$4,543
22 years$15,730$12,427$9,722$7,541$5,807$3,989
23 years$14,887$11,622$8,976$6,868$5,213$3,506
24 years$14,115$10,889$8,302$6,264$4,686$3,085
25 years$13,406$10,219$7,689$5,721$4,216$2,716
26 years$12,753$9,604$7,131$5,231$3,798$2,394
27 years$12,149$9,039$6,622$4,788$3,424$2,111
28 years$11,590$8,517$6,156$4,387$3,090$1,863
29 years$11,070$8,035$5,729$4,023$2,790$1,645
30 years$10,585$7,588$5,336$3,692$2,521$1,453
31 years$10,133$7,173$4,975$3,391$2,279$1,284
32 years$9,709$6,787$4,641$3,116$2,062$1,136
33 years$9,312$6,428$4,334$2,865$1,866$1,004
34 years$8,940$6,092$4,049$2,636$1,689$888
35 years$8,589$5,778$3,786$2,427$1,530$786
36 years$8,259$5,484$3,541$2,235$1,386$696
37 years$7,947$5,209$3,315$2,059$1,256$616
38 years$7,652$4,950$3,104$1,898$1,139$545
39 years$7,373$4,707$2,908$1,750$1,033$483
40 years$7,109$4,479$2,726$1,614$937$428
41 years$6,859$4,263$2,556$1,489$850$379
42 years$6,620$4,060$2,398$1,375$771$335
43 years$6,394$3,869$2,250$1,269$700$297
44 years$6,178$3,688$2,112$1,172$635$263
45 years$5,973$3,516$1,983$1,082$577$233
46 years$5,777$3,354$1,862$999$524$207
47 years$5,590$3,201$1,750$923$476$183
48 years$5,411$3,056$1,644$853$432$162
49 years$5,241$2,918$1,545$789$392$144
50 years$5,077$2,788$1,453$729$356$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,200,000, adding $4,585 every year, while hoping to spend $21,240 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: 80/11/9 Blend
60$5,200,000$5,200,000$5,200,000$5,200,000
61$5,735,129$5,459,529$5,378,929$6,185,961
62$6,297,513$5,704,447$5,536,524$6,727,138
63$6,916,549$5,960,654$5,698,687$7,317,591
64$7,597,991$6,228,681$5,865,548$7,964,865
65$8,348,184$6,509,083$6,037,241$8,674,628
66$9,174,114$6,802,444$6,213,904$9,453,122
67$10,083,484$7,109,374$6,395,680$10,307,220
68$11,084,778$7,430,512$6,582,714$11,244,488
69$12,187,347$7,766,528$6,775,156$12,273,263
70$13,401,493$8,118,125$6,973,161$13,402,722
71$14,738,570$8,486,038$7,176,886$14,642,974
72$16,211,087$8,871,037$7,386,495$16,005,152
73$17,832,831$9,273,930$7,602,155$17,501,518
74$19,618,991$9,695,564$7,824,039$19,145,577
75$21,586,306$10,136,825$8,052,322$20,952,207
76$23,753,222$10,598,643$8,287,188$22,937,791
77$26,140,065$11,081,991$8,528,823$25,120,380
78$28,769,233$11,587,889$8,777,419$27,519,855
79$31,665,406$12,117,407$9,033,174$30,158,116
80$34,855,782$12,671,665$9,296,291$33,059,290
81$38,370,333$13,251,838$9,566,978$36,249,954
82$42,242,085$13,859,156$9,845,450$39,759,387
83$46,507,432$14,494,908$10,131,926$43,619,842
84$51,206,479$15,160,448$10,426,635$47,866,854
85$56,383,420$15,857,190$10,729,807$52,539,568
86$62,086,957$16,586,620$11,041,684$57,681,115
87$68,370,755$17,350,294$11,362,509$63,339,009
88$75,293,956$18,149,841$11,692,537$69,565,599
89$82,921,728$18,986,973$12,032,026$76,418,561
90$91,325,889$19,863,479$12,381,243$83,961,439
91$100,585,578$20,781,237$12,740,462$92,264,246
92$110,788,004$21,742,216$13,109,966$101,404,120
93$122,029,274$22,748,477$13,490,043$111,466,051
94$134,415,291$23,802,184$13,880,990$122,543,682
95$148,062,761$24,905,601$14,283,114$134,740,192
96$163,100,292$26,061,105$14,696,728$148,169,263
97$179,669,608$27,271,185$15,122,154$162,956,159
98$197,926,887$28,538,452$15,559,725$179,238,895
99$218,044,233$29,865,640$16,009,780$197,169,550
100$240,211,307$31,255,618$16,472,669$216,915,689