Can I retire at age 61 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$445,927$441,955$438,080$434,297$430,604$416,987
2 years$220,756$216,645$212,660$208,797$205,049$191,454
3 years$145,709$141,580$137,605$133,778$130,092$116,944
4 years$108,192$104,076$100,141$96,380$92,783$80,184
5 years$85,689$81,597$77,714$74,029$70,532$58,516
6 years$70,691$66,630$62,804$59,201$55,809$44,386
7 years$59,983$55,956$52,191$48,673$45,388$34,557
8 years$51,955$47,964$44,262$40,830$37,654$27,407
9 years$45,714$41,762$38,123$34,778$31,710$22,036
10 years$40,725$36,811$33,236$29,979$27,018$17,903
11 years$36,645$32,771$29,261$26,091$23,237$14,664
12 years$33,248$29,413$25,968$22,885$20,136$12,087
13 years$30,376$26,581$23,201$20,204$17,559$10,014
14 years$27,916$24,161$20,846$17,935$15,392$8,331
15 years$25,786$22,072$18,821$15,995$13,553$6,954
16 years$23,924$20,250$17,064$14,322$11,978$5,821
17 years$22,283$18,650$15,528$12,868$10,620$4,884
18 years$20,826$17,233$14,175$11,597$9,443$4,105
19 years$19,523$15,972$12,976$10,479$8,417$3,456
20 years$18,353$14,842$11,909$9,490$7,518$2,913
21 years$17,295$13,824$10,954$8,613$6,728$2,458
22 years$16,335$12,905$10,096$7,831$6,031$2,076
23 years$15,459$12,069$9,322$7,132$5,413$1,755
24 years$14,658$11,308$8,621$6,505$4,866$1,485
25 years$13,922$10,612$7,985$5,941$4,378$1,257
26 years$13,244$9,974$7,405$5,432$3,944$1,064
27 years$12,617$9,386$6,877$4,972$3,556$901
28 years$12,035$8,845$6,393$4,555$3,208$764
29 years$11,495$8,344$5,949$4,177$2,897$647
30 years$10,992$7,880$5,541$3,834$2,618$549
31 years$10,522$7,449$5,166$3,521$2,367$465
32 years$10,083$7,049$4,820$3,236$2,141$395
33 years$9,671$6,675$4,500$2,976$1,937$335
34 years$9,284$6,326$4,205$2,738$1,754$284
35 years$8,920$6,001$3,931$2,520$1,589$241
36 years$8,576$5,695$3,678$2,321$1,440$204
37 years$8,253$5,409$3,442$2,139$1,305$173
38 years$7,947$5,141$3,223$1,971$1,183$147
39 years$7,657$4,888$3,020$1,818$1,073$125
40 years$7,383$4,651$2,831$1,676$973$106
41 years$7,122$4,427$2,654$1,547$883$90
42 years$6,875$4,216$2,490$1,427$801$76
43 years$6,640$4,017$2,336$1,318$727$65
44 years$6,416$3,829$2,193$1,217$660$55
45 years$6,203$3,652$2,059$1,124$599$47
46 years$5,999$3,484$1,934$1,038$544$40
47 years$5,805$3,324$1,817$959$494$34
48 years$5,619$3,174$1,707$886$448$29
49 years$5,442$3,031$1,605$819$407$24
50 years$5,272$2,895$1,509$757$370$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,400,000, adding $2,835 every year, while hoping to spend $26,214 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: 76/5/19 Blend
60$5,400,000$5,400,000$5,400,000$5,400,000
61$5,953,724$5,667,524$5,583,824$6,379,840
62$6,533,113$5,917,342$5,742,991$6,912,108
63$7,170,720$6,178,521$5,906,611$7,492,020
64$7,872,457$6,451,592$6,074,806$8,127,168
65$8,644,837$6,737,109$6,247,701$8,823,058
66$9,495,035$7,035,652$6,425,424$9,585,756
67$10,430,958$7,347,829$6,608,105$10,421,942
68$11,461,320$7,674,277$6,795,881$11,338,974
69$12,595,720$8,015,662$6,988,889$12,344,954
70$13,844,738$8,372,684$7,187,271$13,448,807
71$15,220,029$8,746,073$7,391,172$14,660,361
72$16,734,439$9,136,598$7,600,743$15,990,446
73$18,402,121$9,545,060$7,816,137$17,450,985
74$20,238,670$9,972,300$8,037,510$19,055,117
75$22,261,272$10,419,201$8,265,025$20,817,313
76$24,488,865$10,886,685$8,498,847$22,753,514
77$26,942,316$11,375,720$8,739,145$24,881,282
78$29,644,621$11,887,318$8,986,094$27,219,962
79$32,621,117$12,422,542$9,239,873$29,790,868
80$35,899,727$12,982,503$9,500,665$32,617,478
81$39,511,220$13,568,366$9,768,659$35,725,662
82$43,489,502$14,181,353$10,044,046$39,143,916
83$47,871,935$14,822,743$10,327,025$42,903,640
84$52,699,690$15,493,876$10,617,799$47,039,427
85$58,018,139$16,196,156$10,916,575$51,589,387
86$63,877,276$16,931,055$11,223,567$56,595,515
87$70,332,196$17,700,114$11,538,994$62,104,075
88$77,443,610$18,504,949$11,863,081$68,166,044
89$85,278,420$19,347,254$12,196,056$74,837,588
90$93,910,351$20,228,802$12,538,156$82,180,592
91$103,420,646$21,151,452$12,889,623$90,263,243
92$113,898,831$22,117,152$13,250,705$99,160,674
93$125,443,563$23,127,944$13,621,654$108,955,667
94$138,163,559$24,185,966$14,002,733$119,739,441
95$152,178,626$25,293,462$14,394,208$131,612,504
96$167,620,783$26,452,779$14,796,352$144,685,605
97$184,635,520$27,666,382$15,209,446$159,080,775
98$203,383,157$28,936,849$15,633,777$174,932,481
99$224,040,371$30,266,886$16,069,640$192,388,891
100$246,801,852$31,659,327$16,517,337$211,613,271