Can I retire at age 61 with 6,700,000?

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$553,280$548,351$543,543$538,850$534,267$514,085
2 years$273,901$268,800$263,856$259,063$254,413$234,314
3 years$180,787$175,664$170,732$165,984$161,410$142,027
4 years$134,239$129,131$124,249$119,582$115,119$96,599
5 years$106,317$101,241$96,423$91,850$87,512$69,903
6 years$87,709$82,671$77,924$73,454$69,245$52,559
7 years$74,423$69,427$64,755$60,390$56,315$40,548
8 years$64,463$59,511$54,917$50,660$46,718$31,855
9 years$56,720$51,815$47,300$43,151$39,344$25,363
10 years$50,529$45,673$41,238$37,197$33,523$20,399
11 years$45,467$40,660$36,305$32,372$28,831$16,535
12 years$41,252$36,494$32,220$28,395$24,984$13,485
13 years$37,689$32,980$28,786$25,068$21,787$11,051
14 years$34,636$29,978$25,864$22,253$19,098$9,092
15 years$31,994$27,385$23,352$19,846$16,815$7,504
16 years$29,684$25,125$21,172$17,770$14,862$6,209
17 years$27,647$23,140$19,266$15,966$13,177$5,148
18 years$25,839$21,382$17,587$14,388$11,717$4,276
19 years$24,224$19,817$16,100$13,001$10,443$3,556
20 years$22,771$18,415$14,776$11,775$9,328$2,961
21 years$21,459$17,152$13,591$10,687$8,348$2,468
22 years$20,267$16,011$12,526$9,717$7,482$2,059
23 years$19,181$14,975$11,566$8,849$6,717$1,719
24 years$18,187$14,031$10,696$8,071$6,037$1,435
25 years$17,274$13,167$9,907$7,371$5,432$1,199
26 years$16,432$12,375$9,188$6,739$4,893$1,002
27 years$15,654$11,646$8,532$6,169$4,412$838
28 years$14,933$10,974$7,932$5,652$3,981$701
29 years$14,263$10,353$7,381$5,183$3,595$586
30 years$13,638$9,777$6,875$4,757$3,248$491
31 years$13,055$9,243$6,410$4,369$2,936$411
32 years$12,510$8,745$5,980$4,015$2,656$344
33 years$11,999$8,282$5,584$3,692$2,404$288
34 years$11,519$7,850$5,217$3,397$2,176$241
35 years$11,067$7,445$4,878$3,127$1,971$202
36 years$10,641$7,067$4,563$2,880$1,786$169
37 years$10,239$6,712$4,271$2,654$1,619$141
38 years$9,860$6,378$3,999$2,446$1,468$118
39 years$9,500$6,065$3,747$2,255$1,331$99
40 years$9,160$5,771$3,512$2,080$1,207$83
41 years$8,837$5,493$3,293$1,919$1,095$69
42 years$8,530$5,231$3,089$1,771$994$58
43 years$8,238$4,984$2,899$1,635$902$49
44 years$7,961$4,751$2,721$1,510$819$41
45 years$7,696$4,531$2,555$1,394$743$34
46 years$7,444$4,322$2,400$1,288$675$29
47 years$7,203$4,125$2,254$1,190$613$24
48 years$6,972$3,938$2,119$1,099$556$20
49 years$6,752$3,760$1,991$1,016$505$17
50 years$6,542$3,592$1,872$939$459$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $6,700,000, adding $4,577 every year, while hoping to spend $21,291 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: 38/41/21 Blend
60$6,700,000$6,700,000$6,700,000$6,700,000
61$7,388,121$7,033,021$6,929,171$7,622,243
62$8,119,056$7,354,986$7,138,645$8,114,070
63$8,923,833$7,692,013$7,354,423$8,642,909
64$9,809,961$8,044,819$7,576,693$9,214,011
65$10,785,714$8,414,152$7,805,649$9,831,206
66$11,860,212$8,800,800$8,041,493$10,498,693
67$13,043,500$9,205,586$8,284,430$11,221,081
68$14,346,650$9,629,373$8,534,672$12,003,421
69$15,781,862$10,073,066$8,792,437$12,851,259
70$17,362,579$10,537,614$9,057,951$13,770,681
71$19,103,615$11,024,010$9,331,445$14,768,369
72$21,021,293$11,533,295$9,613,158$15,851,659
73$23,133,602$12,066,563$9,903,335$17,028,605
74$25,460,362$12,624,957$10,202,229$18,308,055
75$28,023,416$13,209,678$10,510,101$19,699,729
76$30,846,834$13,821,981$10,827,219$21,214,305
77$33,957,138$14,463,186$11,153,858$22,863,517
78$37,383,558$15,134,674$11,490,304$24,660,260
79$41,158,300$15,837,892$11,836,849$26,618,708
80$45,316,857$16,574,359$12,193,794$28,754,442
81$49,898,340$17,345,666$12,561,449$31,084,591
82$54,945,848$18,153,481$12,940,135$33,627,991
83$60,506,874$18,999,551$13,330,179$36,405,354
84$66,633,757$19,885,711$13,731,922$39,439,458
85$73,384,170$20,813,881$14,145,711$42,755,357
86$80,821,669$21,786,074$14,571,905$46,380,610
87$89,016,290$22,804,403$15,010,876$50,345,534
88$98,045,214$23,871,081$15,463,002$54,683,482
89$107,993,489$24,988,427$15,928,676$59,431,155
90$118,954,840$26,158,875$16,408,302$64,628,932
91$131,032,548$27,384,974$16,902,294$70,321,252
92$144,340,429$28,669,399$17,411,081$76,557,018
93$159,003,903$30,014,950$17,935,104$83,390,053
94$175,161,186$31,424,567$18,474,814$90,879,598
95$192,964,587$32,901,331$19,030,680$99,090,861
96$212,581,948$34,448,470$19,603,182$108,095,620
97$234,198,232$36,069,370$20,192,814$117,972,894
98$258,017,265$37,767,582$20,800,086$128,809,674
99$284,263,659$39,546,827$21,425,522$140,701,735
100$313,184,937$41,411,006$22,069,662$153,754,523