Can I retire at age 61 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$462,443$458,324$454,305$450,382$446,552$430,024
2 years$228,932$224,668$220,536$216,530$212,644$196,179
3 years$151,105$146,823$142,702$138,733$134,910$119,026
4 years$112,200$107,931$103,850$99,949$96,219$81,037
5 years$88,862$84,619$80,592$76,771$73,144$58,703
6 years$73,309$69,098$65,130$61,394$57,876$44,187
7 years$62,204$58,028$54,124$50,475$47,069$34,128
8 years$53,879$49,741$45,901$42,343$39,048$26,844
9 years$47,408$43,308$39,535$36,066$32,884$21,399
10 years$42,233$38,174$34,467$31,090$28,019$17,233
11 years$38,003$33,984$30,344$27,057$24,097$13,987
12 years$34,480$30,502$26,930$23,733$20,882$11,422
13 years$31,501$27,565$24,060$20,953$18,210$9,374
14 years$28,950$25,056$21,618$18,599$15,963$7,723
15 years$26,741$22,889$19,518$16,587$14,055$6,382
16 years$24,810$21,000$17,696$14,852$12,422$5,289
17 years$23,108$19,341$16,103$13,345$11,014$4,391
18 years$21,597$17,872$14,700$12,026$9,793$3,653
19 years$20,247$16,563$13,457$10,867$8,729$3,043
20 years$19,033$15,391$12,350$9,842$7,797$2,538
21 years$17,936$14,336$11,360$8,932$6,977$2,118
22 years$16,940$13,383$10,470$8,121$6,254$1,770
23 years$16,032$12,516$9,667$7,396$5,614$1,480
24 years$15,201$11,727$8,940$6,746$5,046$1,238
25 years$14,438$11,005$8,280$6,161$4,541$1,036
26 years$13,734$10,343$7,680$5,633$4,090$867
27 years$13,084$9,734$7,131$5,156$3,687$726
28 years$12,481$9,172$6,629$4,724$3,327$608
29 years$11,921$8,653$6,169$4,332$3,004$510
30 years$11,399$8,172$5,746$3,976$2,715$427
31 years$10,912$7,725$5,357$3,651$2,454$358
32 years$10,456$7,310$4,998$3,356$2,220$300
33 years$10,029$6,922$4,667$3,086$2,009$252
34 years$9,627$6,561$4,361$2,839$1,819$211
35 years$9,250$6,223$4,077$2,614$1,648$177
36 years$8,894$5,906$3,814$2,407$1,493$148
37 years$8,558$5,610$3,570$2,218$1,353$125
38 years$8,241$5,331$3,343$2,044$1,227$104
39 years$7,941$5,069$3,132$1,885$1,112$88
40 years$7,656$4,823$2,936$1,739$1,009$73
41 years$7,386$4,591$2,753$1,604$915$62
42 years$7,130$4,372$2,582$1,480$831$52
43 years$6,886$4,166$2,423$1,367$754$43
44 years$6,654$3,971$2,274$1,262$684$36
45 years$6,432$3,787$2,135$1,165$621$31
46 years$6,221$3,613$2,006$1,076$564$26
47 years$6,020$3,447$1,884$994$512$21
48 years$5,828$3,291$1,771$919$465$18
49 years$5,644$3,143$1,664$849$422$15
50 years$5,468$3,002$1,565$785$384$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,600,000, adding $5,124 every year, while hoping to spend $29,762 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: 29/49/22 Blend
60$5,600,000$5,600,000$5,600,000$5,600,000
61$6,176,485$5,879,685$5,792,885$6,312,904
62$6,774,820$6,136,123$5,955,281$6,675,108
63$7,433,188$6,404,129$6,122,118$7,061,262
64$8,157,680$6,684,239$6,293,516$7,475,808
65$8,955,009$6,977,012$6,469,595$7,921,206
66$9,832,571$7,283,037$6,650,477$8,400,151
67$10,798,515$7,602,927$6,836,290$8,915,592
68$11,861,821$7,937,328$7,027,163$9,470,758
69$13,032,382$8,286,912$7,223,228$10,069,188
70$14,321,101$8,652,387$7,424,622$10,714,761
71$15,739,991$9,034,492$7,631,485$11,411,728
72$17,302,289$9,434,001$7,843,958$12,164,749
73$19,022,581$9,851,725$8,062,190$12,978,937
74$20,916,940$10,288,516$8,286,329$13,859,899
75$23,003,076$10,745,261$8,516,529$14,813,787
76$25,300,506$11,222,895$8,752,949$15,847,354
77$27,830,733$11,722,393$8,995,748$16,968,010
78$30,617,455$12,244,777$9,245,093$18,183,892
79$33,686,785$12,791,120$9,501,153$19,503,934
80$37,067,496$13,362,544$9,764,101$20,937,949
81$40,791,296$13,960,225$10,034,114$22,496,714
82$44,893,126$14,585,393$10,311,374$24,192,070
83$49,411,488$15,239,340$10,596,068$26,037,027
84$54,388,809$15,923,418$10,888,386$28,045,883
85$59,871,844$16,639,041$11,188,523$30,234,352
86$65,912,113$17,387,695$11,496,679$32,619,705
87$72,566,389$18,170,933$11,813,059$35,220,934
88$79,897,235$18,990,383$12,137,871$38,058,917
89$87,973,594$19,847,753$12,471,330$41,156,611
90$96,871,437$20,744,829$12,813,656$44,539,264
91$106,674,482$21,683,484$13,165,072$48,234,646
92$117,474,986$22,665,682$13,525,809$52,273,301
93$129,374,613$23,693,478$13,896,102$56,688,829
94$142,485,392$24,769,027$14,276,190$61,518,195
95$156,930,780$25,894,588$14,666,320$66,802,069
96$172,846,822$27,072,524$15,066,744$72,585,202
97$190,383,436$28,305,317$15,477,718$78,916,839
98$209,705,832$29,595,562$15,899,507$85,851,171
99$230,996,065$30,945,984$16,332,379$93,447,842
100$254,454,760$32,359,433$16,776,610$101,772,495