Can I retire at age 61 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$520,248$515,614$511,093$506,680$502,371$490,625
2 years$257,549$252,752$248,103$243,596$239,224$227,457
3 years$169,994$165,176$160,539$156,074$151,774$140,353
4 years$126,225$121,422$116,831$112,443$108,246$97,260
5 years$99,970$95,196$90,666$86,367$82,287$71,766
6 years$82,473$77,735$73,272$69,068$65,111$55,066
7 years$69,980$65,282$60,889$56,785$52,953$43,385
8 years$60,614$55,958$51,639$47,635$43,929$34,835
9 years$53,333$48,722$44,476$40,575$36,995$28,368
10 years$47,512$42,946$38,776$34,976$31,521$23,351
11 years$42,753$38,232$34,137$30,439$27,110$19,385
12 years$38,789$34,315$30,296$26,700$23,493$16,201
13 years$35,438$31,011$27,068$23,572$20,486$13,614
14 years$32,569$28,188$24,320$20,924$17,958$11,491
15 years$30,084$25,750$21,958$18,661$15,812$9,735
16 years$27,911$23,625$19,908$16,709$13,974$8,272
17 years$25,997$21,758$18,116$15,013$12,391$7,047
18 years$24,297$20,106$16,537$13,529$11,017$6,016
19 years$22,777$18,634$15,139$12,225$9,820$5,145
20 years$21,412$17,315$13,894$11,072$8,771$4,407
21 years$20,178$16,128$12,780$10,049$7,849$3,780
22 years$19,057$15,055$11,778$9,136$7,036$3,245
23 years$18,036$14,081$10,875$8,321$6,316$2,789
24 years$17,101$13,193$10,058$7,589$5,677$2,399
25 years$16,242$12,381$9,316$6,931$5,108$2,064
26 years$15,451$11,636$8,640$6,337$4,601$1,778
27 years$14,719$10,951$8,023$5,801$4,148$1,532
28 years$14,041$10,319$7,458$5,315$3,743$1,320
29 years$13,411$9,735$6,940$4,874$3,380$1,139
30 years$12,824$9,193$6,465$4,473$3,054$982
31 years$12,276$8,691$6,027$4,108$2,761$847
32 years$11,763$8,223$5,623$3,775$2,498$731
33 years$11,282$7,788$5,250$3,472$2,260$631
34 years$10,831$7,381$4,906$3,194$2,047$545
35 years$10,406$7,001$4,586$2,940$1,854$471
36 years$10,006$6,645$4,291$2,708$1,679$406
37 years$9,628$6,311$4,016$2,495$1,522$351
38 years$9,271$5,998$3,761$2,300$1,380$303
39 years$8,933$5,703$3,523$2,121$1,251$262
40 years$8,613$5,426$3,302$1,956$1,135$226
41 years$8,309$5,165$3,097$1,805$1,030$195
42 years$8,021$4,919$2,905$1,665$934$169
43 years$7,746$4,687$2,726$1,537$848$146
44 years$7,485$4,468$2,559$1,419$770$126
45 years$7,236$4,260$2,402$1,311$699$109
46 years$6,999$4,064$2,256$1,211$634$94
47 years$6,773$3,878$2,120$1,119$576$81
48 years$6,556$3,702$1,992$1,034$523$70
49 years$6,349$3,536$1,872$955$475$61
50 years$6,151$3,377$1,760$883$432$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,300,000, adding $6,351 every year, while hoping to spend $42,122 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: 36/47/17 Blend
60$6,300,000$6,300,000$6,300,000$6,300,000
61$6,949,151$6,615,251$6,517,601$7,163,066
62$7,613,147$6,894,581$6,691,123$7,598,053
63$8,343,459$7,186,186$6,869,047$8,062,905
64$9,146,806$7,490,624$7,051,474$8,563,853
65$10,030,593$7,808,477$7,238,511$9,104,139
66$11,002,976$8,140,355$7,430,264$9,687,321
67$12,072,945$8,486,897$7,626,843$10,317,297
68$13,250,401$8,848,772$7,828,358$10,998,346
69$14,546,258$9,226,677$8,034,924$11,735,160
70$15,972,538$9,621,346$8,246,656$12,532,893
71$17,542,489$10,033,545$8,463,671$13,397,197
72$19,270,709$10,464,074$8,686,090$14,334,281
73$21,173,283$10,913,775$8,914,036$15,350,960
74$23,267,933$11,383,525$9,147,631$16,454,723
75$25,574,189$11,874,245$9,387,004$17,653,791
76$28,113,571$12,386,897$9,632,283$18,957,200
77$30,909,790$12,922,490$9,883,599$20,374,877
78$33,988,975$13,482,079$10,141,086$21,917,732
79$37,379,919$14,066,769$10,404,881$23,597,756
80$41,114,347$14,677,717$10,675,121$25,428,130
81$45,227,219$15,316,134$10,951,946$27,423,346
82$49,757,060$15,983,289$11,235,500$29,599,337
83$54,746,319$16,680,509$11,525,929$31,973,625
84$60,241,775$17,409,185$11,823,379$34,565,479
85$66,294,974$18,170,774$12,128,000$37,396,093
86$72,962,718$18,966,799$12,439,945$40,488,781
87$80,307,601$19,798,857$12,759,369$43,869,188
88$88,398,596$20,668,621$13,086,427$47,565,531
89$97,311,711$21,577,841$13,421,281$51,608,853
90$107,130,702$22,528,352$13,764,090$56,033,317
91$117,947,866$23,522,073$14,115,019$60,876,513
92$129,864,910$24,561,017$14,474,234$66,179,813
93$142,993,913$25,647,289$14,841,903$71,988,747
94$157,458,381$26,783,096$15,218,197$78,353,433
95$173,394,417$27,970,749$15,603,287$85,329,033
96$190,952,001$29,212,668$15,997,350$92,976,273
97$210,296,405$30,511,389$16,400,561$101,362,001
98$231,609,758$31,869,567$16,813,100$110,559,811
99$255,092,762$33,289,984$17,235,147$120,650,731
100$280,966,584$34,775,554$17,666,886$131,723,969