Can I retire at age 61 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$330,316$327,374$324,503$321,702$318,966$317,488
2 years$163,523$160,477$157,526$154,664$151,888$150,397
3 years$107,932$104,874$101,930$99,095$96,364$94,905
4 years$80,143$77,093$74,179$71,392$68,728$67,312
5 years$63,473$60,442$57,566$54,836$52,246$50,878
6 years$52,364$49,356$46,522$43,853$41,340$40,022
7 years$44,431$41,449$38,660$36,054$33,621$32,352
8 years$38,485$35,529$32,787$30,245$27,892$26,674
9 years$33,863$30,935$28,239$25,762$23,489$22,321
10 years$30,167$27,267$24,619$22,207$20,014$18,895
11 years$27,145$24,274$21,675$19,327$17,212$16,142
12 years$24,628$21,787$19,236$16,952$14,916$13,894
13 years$22,501$19,689$17,186$14,966$13,007$12,032
14 years$20,678$17,897$15,441$13,285$11,402$10,472
15 years$19,101$16,349$13,942$11,848$10,039$9,154
16 years$17,722$15,000$12,640$10,609$8,873$8,031
17 years$16,506$13,815$11,502$9,532$7,867$7,068
18 years$15,426$12,765$10,500$8,590$6,995$6,237
19 years$14,462$11,831$9,612$7,762$6,235$5,516
20 years$13,595$10,994$8,821$7,030$5,569$4,889
21 years$12,811$10,240$8,114$6,380$4,984$4,340
22 years$12,100$9,559$7,478$5,801$4,467$3,859
23 years$11,451$8,940$6,905$5,283$4,010$3,436
24 years$10,858$8,376$6,386$4,818$3,604$3,063
25 years$10,313$7,861$5,915$4,400$3,243$2,733
26 years$9,810$7,388$5,486$4,024$2,921$2,441
27 years$9,346$6,953$5,094$3,683$2,634$2,182
28 years$8,915$6,552$4,735$3,374$2,377$1,952
29 years$8,515$6,181$4,407$3,094$2,146$1,747
30 years$8,142$5,837$4,105$2,840$1,939$1,565
31 years$7,794$5,518$3,827$2,608$1,753$1,402
32 years$7,469$5,221$3,570$2,397$1,586$1,257
33 years$7,163$4,945$3,334$2,204$1,435$1,128
34 years$6,877$4,686$3,115$2,028$1,299$1,012
35 years$6,607$4,445$2,912$1,867$1,177$908
36 years$6,353$4,219$2,724$1,719$1,066$815
37 years$6,113$4,007$2,550$1,584$966$732
38 years$5,886$3,808$2,388$1,460$876$658
39 years$5,672$3,621$2,237$1,346$795$591
40 years$5,469$3,445$2,097$1,242$721$531
41 years$5,276$3,279$1,966$1,146$654$477
42 years$5,093$3,123$1,844$1,057$593$429
43 years$4,918$2,976$1,731$976$538$386
44 years$4,753$2,837$1,624$901$489$347
45 years$4,595$2,705$1,525$832$444$312
46 years$4,444$2,580$1,433$769$403$280
47 years$4,300$2,462$1,346$710$366$252
48 years$4,163$2,351$1,265$656$332$227
49 years$4,031$2,245$1,189$607$302$204
50 years$3,905$2,144$1,118$561$274$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,000,000, adding $3,376 every year, while hoping to spend $59,468 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: 38/38/24 Blend
60$4,000,000$4,000,000$4,000,000$4,000,000
61$4,411,482$4,199,482$4,137,482$4,547,383
62$4,798,180$4,341,983$4,212,815$4,789,173
63$5,222,328$4,489,474$4,288,677$5,044,529
64$5,687,683$4,642,136$4,365,025$5,319,327
65$6,198,383$4,800,157$4,441,811$5,615,363
66$6,758,988$4,963,734$4,518,981$5,934,612
67$7,374,517$5,133,070$4,596,479$6,279,242
68$8,050,504$5,308,376$4,674,247$6,651,640
69$8,793,040$5,489,872$4,752,219$7,054,430
70$9,608,839$5,677,784$4,830,327$7,490,495
71$10,505,294$5,872,349$4,908,497$7,963,009
72$11,490,553$6,073,814$4,986,651$8,475,461
73$12,573,591$6,282,432$5,064,705$9,031,692
74$13,764,295$6,498,469$5,142,571$9,635,925
75$15,073,560$6,722,200$5,220,153$10,292,809
76$16,513,386$6,953,911$5,297,351$11,007,459
77$18,096,998$7,193,899$5,374,059$11,785,504
78$19,838,964$7,442,473$5,450,163$12,633,141
79$21,755,338$7,699,953$5,525,542$13,557,189
80$23,863,804$7,966,673$5,600,070$14,565,157
81$26,183,851$8,242,979$5,673,611$15,665,310
82$28,736,950$8,529,231$5,746,023$16,866,748
83$31,546,759$8,825,803$5,817,155$18,179,489
84$34,639,346$9,133,085$5,886,847$19,614,566
85$38,043,433$9,451,480$5,954,930$21,184,125
86$41,790,669$9,781,409$6,021,227$22,901,544
87$45,915,928$10,123,309$6,085,549$24,781,555
88$50,457,636$10,477,634$6,147,697$26,840,380
89$55,458,134$10,844,857$6,207,464$29,095,888
90$60,964,078$11,225,469$6,264,629$31,567,757
91$67,026,878$11,619,982$6,318,958$34,277,662
92$73,703,185$12,028,926$6,370,208$37,249,478
93$81,055,421$12,452,855$6,418,122$40,509,502
94$89,152,373$12,892,343$6,462,427$44,086,701
95$98,069,836$13,347,989$6,502,840$48,012,984
96$107,891,335$13,820,416$6,539,060$52,323,500
97$118,708,905$14,310,270$6,570,773$57,056,971
98$130,623,965$14,818,225$6,597,646$62,256,055
99$143,748,275$15,344,984$6,619,332$67,967,744
100$158,204,985$15,891,274$6,635,466$74,243,811