Can I retire at age 61 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$487,216$482,877$478,642$474,510$470,474$451,986
2 years$241,196$236,704$232,351$228,130$224,035$205,635
3 years$159,200$154,689$150,346$146,165$142,137$124,404
4 years$118,210$113,713$109,414$105,304$101,373$84,443
5 years$93,623$89,152$84,909$80,883$77,063$60,977
6 years$77,236$72,799$68,619$64,683$60,977$45,747
7 years$65,536$61,137$57,023$53,179$49,591$35,212
8 years$56,765$52,406$48,360$44,611$41,140$27,597
9 years$49,947$45,628$41,653$37,999$34,646$21,919
10 years$44,496$40,219$36,314$32,755$29,520$17,585
11 years$40,038$35,805$31,970$28,507$25,388$14,217
12 years$36,327$32,136$28,373$25,004$22,001$11,563
13 years$33,188$29,042$25,349$22,075$19,185$9,450
14 years$30,501$26,398$22,776$19,596$16,818$7,753
15 years$28,174$24,115$20,564$17,476$14,808$6,380
16 years$26,139$22,125$18,644$15,648$13,087$5,264
17 years$24,346$20,377$16,965$14,059$11,604$4,352
18 years$22,754$18,829$15,487$12,670$10,318$3,603
19 years$21,331$17,450$14,178$11,449$9,196$2,988
20 years$20,052$16,216$13,012$10,369$8,214$2,480
21 years$18,897$15,104$11,968$9,411$7,351$2,061
22 years$17,847$14,099$11,031$8,556$6,589$1,714
23 years$16,891$13,187$10,185$7,792$5,915$1,426
24 years$16,015$12,355$9,419$7,107$5,316$1,187
25 years$15,211$11,595$8,724$6,491$4,784$989
26 years$14,470$10,897$8,091$5,935$4,309$824
27 years$13,785$10,256$7,513$5,432$3,885$687
28 years$13,150$9,664$6,985$4,977$3,506$572
29 years$12,560$9,117$6,500$4,564$3,165$477
30 years$12,010$8,610$6,054$4,189$2,860$398
31 years$11,497$8,139$5,644$3,847$2,586$332
32 years$11,016$7,701$5,266$3,535$2,339$277
33 years$10,566$7,293$4,917$3,251$2,117$231
34 years$10,143$6,912$4,594$2,991$1,917$193
35 years$9,745$6,556$4,295$2,754$1,736$161
36 years$9,371$6,223$4,018$2,536$1,573$134
37 years$9,017$5,910$3,761$2,337$1,426$112
38 years$8,682$5,617$3,522$2,154$1,292$94
39 years$8,366$5,341$3,300$1,986$1,172$78
40 years$8,066$5,082$3,093$1,832$1,063$65
41 years$7,782$4,837$2,900$1,690$964$54
42 years$7,512$4,607$2,720$1,560$875$45
43 years$7,255$4,389$2,553$1,440$794$38
44 years$7,010$4,184$2,396$1,329$721$32
45 years$6,777$3,990$2,250$1,228$654$26
46 years$6,555$3,806$2,113$1,134$594$22
47 years$6,343$3,632$1,985$1,048$540$18
48 years$6,140$3,467$1,866$968$490$15
49 years$5,946$3,311$1,754$895$445$13
50 years$5,760$3,163$1,649$827$404$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $5,900,000, adding $4,071 every year, while hoping to spend $32,956 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: 33/44/23 Blend
60$5,900,000$5,900,000$5,900,000$5,900,000
61$6,505,999$6,193,299$6,101,849$6,674,727
62$7,134,546$6,461,706$6,271,196$7,069,915
63$7,826,100$6,742,160$6,445,112$7,492,262
64$8,587,054$7,035,217$6,623,714$7,946,781
65$9,424,449$7,341,459$6,807,125$8,436,328
66$10,346,047$7,661,494$6,995,467$8,964,038
67$11,360,397$7,995,960$7,188,868$9,533,344
68$12,476,921$8,345,526$7,387,459$10,148,012
69$13,706,000$8,710,890$7,591,372$10,812,171
70$15,059,073$9,092,784$7,800,744$11,530,351
71$16,548,743$9,491,975$8,015,714$12,307,524
72$18,188,900$9,909,267$8,236,425$13,149,145
73$19,994,846$10,345,500$8,463,024$14,061,201
74$21,983,445$10,801,554$8,695,660$15,050,268
75$24,173,279$11,278,353$8,934,487$16,123,566
76$26,584,823$11,776,862$9,179,662$17,289,023
77$29,240,640$12,298,092$9,431,345$18,555,350
78$32,165,591$12,843,105$9,689,701$19,932,116
79$35,387,072$13,413,008$9,954,897$21,429,838
80$38,935,273$14,008,965$10,227,106$23,060,070
81$42,843,461$14,632,194$10,506,504$24,835,515
82$47,148,292$15,283,970$10,793,270$26,770,134
83$51,890,163$15,965,629$11,087,589$28,879,280
84$57,113,586$16,678,571$11,389,650$31,179,830
85$62,867,612$17,424,262$11,699,644$33,690,345
86$69,206,295$18,204,238$12,017,768$36,431,238
87$76,189,199$19,020,107$12,344,225$39,424,960
88$83,881,961$19,873,556$12,679,220$42,696,208
89$92,356,910$20,766,349$13,022,963$46,272,151
90$101,693,752$21,700,338$13,375,670$50,182,680
91$111,980,320$22,677,460$13,737,560$54,460,682
92$123,313,403$23,699,745$14,108,859$59,142,347
93$135,799,660$24,769,322$14,489,795$64,267,500
94$149,556,625$25,888,420$14,880,604$69,879,968
95$164,713,822$27,059,373$15,281,525$76,027,988
96$181,413,979$28,284,629$15,692,803$82,764,652
97$199,814,381$29,566,752$16,114,688$90,148,403
98$220,088,354$30,908,429$16,547,436$98,243,572
99$242,426,898$32,312,475$16,991,307$107,120,982
100$267,040,495$33,781,839$17,446,569$116,858,599