Can I retire at age 61 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$528,506$523,798$519,205$514,722$510,345$501,890
2 years$261,637$256,764$252,041$247,463$243,021$234,528
3 years$172,692$167,798$163,088$158,552$154,183$145,915
4 years$128,228$123,349$118,686$114,228$109,964$101,987
5 years$101,557$96,707$92,105$87,738$83,593$75,928
6 years$83,782$78,969$74,435$70,165$66,144$58,800
7 years$71,090$66,318$61,856$57,686$53,793$46,772
8 years$61,576$56,847$52,458$48,392$44,627$37,928
9 years$54,180$49,495$45,182$41,219$37,582$31,202
10 years$48,267$43,628$39,391$35,531$32,022$25,955
11 years$43,432$38,839$34,679$30,923$27,540$21,779
12 years$39,405$34,860$30,777$27,123$23,865$18,404
13 years$36,001$31,503$27,497$23,946$20,811$15,641
14 years$33,086$28,636$24,706$21,256$18,243$13,355
15 years$30,561$26,159$22,306$18,957$16,062$11,448
16 years$28,354$24,000$20,224$16,974$14,196$9,845
17 years$26,409$22,104$18,403$15,251$12,587$8,490
18 years$24,682$20,425$16,800$13,744$11,192$7,338
19 years$23,139$18,929$15,379$12,419$9,976$6,356
20 years$21,752$17,590$14,114$11,248$8,910$5,514
21 years$20,498$16,384$12,982$10,208$7,974$4,790
22 years$19,360$15,294$11,965$9,282$7,147$4,167
23 years$18,322$14,304$11,048$8,453$6,416$3,629
24 years$17,373$13,402$10,217$7,709$5,767$3,163
25 years$16,500$12,577$9,463$7,041$5,189$2,760
26 years$15,696$11,821$8,777$6,438$4,674$2,409
27 years$14,953$11,125$8,150$5,893$4,214$2,104
28 years$14,264$10,483$7,577$5,399$3,803$1,839
29 years$13,624$9,889$7,051$4,951$3,434$1,608
30 years$13,028$9,339$6,567$4,544$3,103$1,407
31 years$12,471$8,829$6,123$4,173$2,805$1,231
32 years$11,950$8,354$5,712$3,835$2,537$1,077
33 years$11,461$7,911$5,334$3,527$2,296$943
34 years$11,003$7,498$4,984$3,245$2,079$826
35 years$10,571$7,112$4,659$2,987$1,883$724
36 years$10,165$6,750$4,359$2,751$1,706$634
37 years$9,781$6,411$4,080$2,535$1,546$555
38 years$9,418$6,093$3,820$2,336$1,402$487
39 years$9,075$5,794$3,579$2,154$1,271$427
40 years$8,750$5,512$3,355$1,987$1,153$374
41 years$8,441$5,247$3,146$1,833$1,046$328
42 years$8,148$4,997$2,951$1,692$949$287
43 years$7,869$4,761$2,769$1,562$861$252
44 years$7,604$4,538$2,599$1,442$782$221
45 years$7,351$4,328$2,441$1,332$710$194
46 years$7,110$4,129$2,292$1,230$645$170
47 years$6,880$3,940$2,153$1,137$585$149
48 years$6,660$3,761$2,024$1,050$532$131
49 years$6,450$3,592$1,902$971$483$115
50 years$6,249$3,431$1,788$897$438$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,400,000, adding $3,305 every year, while hoping to spend $56,546 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: 21/50/29 Blend
60$6,400,000$6,400,000$6,400,000$6,400,000
61$7,056,209$6,717,009$6,617,809$7,139,286
62$7,715,778$6,985,978$6,779,341$7,484,948
63$8,440,728$7,266,231$6,944,389$7,849,282
64$9,237,667$7,558,262$7,113,012$8,237,527
65$10,113,878$7,862,586$7,285,267$8,651,657
66$11,077,383$8,179,742$7,461,212$9,093,829
67$12,137,019$8,510,292$7,640,906$9,566,400
68$13,302,526$8,854,827$7,824,407$10,071,951
69$14,584,631$9,213,961$8,011,772$10,613,305
70$15,995,156$9,588,338$8,203,060$11,193,552
71$17,547,126$9,978,631$8,398,326$11,816,077
72$19,254,892$10,385,543$8,597,629$12,484,587
73$21,134,265$10,809,809$8,801,024$13,203,143
74$23,202,669$11,252,198$9,008,567$13,976,198
75$25,479,300$11,713,514$9,220,313$14,808,633
76$27,985,312$12,194,599$9,436,316$15,705,801
77$30,744,010$12,696,332$9,656,630$16,673,572
78$33,781,079$13,219,631$9,881,306$17,718,387
79$37,124,815$13,765,460$10,110,396$18,847,317
80$40,806,402$14,334,823$10,343,950$20,068,119
81$44,860,198$14,928,772$10,582,016$21,389,311
82$49,324,065$15,548,409$10,824,640$22,820,247
83$54,239,723$16,194,885$11,071,869$24,371,199
84$59,653,143$16,869,402$11,323,744$26,053,450
85$65,614,982$17,573,221$11,580,308$27,879,397
86$72,181,061$18,307,660$11,841,600$29,862,660
87$79,412,891$19,074,097$12,107,655$32,018,209
88$87,378,252$19,873,974$12,378,508$34,362,496
89$96,151,836$20,708,800$12,654,189$36,913,607
90$105,815,946$21,580,155$12,934,728$39,691,426
91$116,461,280$22,489,689$13,220,148$42,717,816
92$128,187,778$23,439,132$13,510,471$46,016,819
93$141,105,575$24,430,293$13,805,715$49,614,875
94$155,336,029$25,465,063$14,105,892$53,541,067
95$171,012,878$26,545,424$14,411,013$57,827,387
96$188,283,490$27,673,449$14,721,081$62,509,026
97$207,310,265$28,851,307$15,036,096$67,624,707
98$228,272,160$30,081,269$15,356,053$73,217,032
99$251,366,380$31,365,711$15,680,941$79,332,881
100$276,810,240$32,707,120$16,010,741$86,023,847