Can I retire at age 61 with 4,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$338,574$335,558$332,616$329,744$326,940$318,262
2 years$167,611$164,489$161,464$158,531$155,686$147,003
3 years$110,631$107,496$104,478$101,572$98,773$90,358
4 years$82,146$79,021$76,033$73,177$70,446$62,363
5 years$65,060$61,953$59,005$56,207$53,552$45,823
6 years$53,673$50,589$47,685$44,949$42,374$35,007
7 years$45,542$42,485$39,626$36,955$34,461$27,456
8 years$39,447$36,417$33,606$31,001$28,589$21,943
9 years$34,709$31,708$28,945$26,406$24,076$17,783
10 years$30,921$27,949$25,235$22,762$20,514$14,565
11 years$27,823$24,881$22,216$19,810$17,643$12,030
12 years$25,244$22,332$19,716$17,376$15,289$10,002
13 years$23,063$20,182$17,615$15,340$13,332$8,360
14 years$21,195$18,345$15,827$13,617$11,687$7,017
15 years$19,578$16,758$14,290$12,144$10,290$5,912
16 years$18,165$15,375$12,956$10,874$9,094$4,995
17 years$16,918$14,160$11,790$9,770$8,064$4,230
18 years$15,812$13,085$10,762$8,805$7,170$3,590
19 years$14,823$12,127$9,852$7,956$6,391$3,052
20 years$13,935$11,269$9,042$7,206$5,708$2,599
21 years$13,132$10,496$8,317$6,540$5,108$2,215
22 years$12,402$9,798$7,665$5,946$4,579$1,890
23 years$11,738$9,164$7,078$5,415$4,110$1,614
24 years$11,129$8,586$6,546$4,939$3,694$1,379
25 years$10,570$8,057$6,062$4,510$3,324$1,180
26 years$10,055$7,573$5,623$4,124$2,994$1,009
27 years$9,579$7,127$5,221$3,775$2,700$864
28 years$9,138$6,716$4,854$3,459$2,436$740
29 years$8,728$6,335$4,517$3,172$2,200$634
30 years$8,346$5,983$4,207$2,911$1,988$543
31 years$7,989$5,656$3,922$2,673$1,797$466
32 years$7,655$5,352$3,660$2,457$1,625$399
33 years$7,342$5,068$3,417$2,259$1,471$342
34 years$7,049$4,803$3,193$2,079$1,332$293
35 years$6,772$4,556$2,985$1,914$1,206$252
36 years$6,512$4,324$2,792$1,762$1,093$216
37 years$6,266$4,107$2,614$1,624$991$185
38 years$6,034$3,903$2,447$1,497$898$159
39 years$5,814$3,712$2,293$1,380$814$136
40 years$5,605$3,531$2,149$1,273$739$117
41 years$5,408$3,361$2,015$1,174$670$100
42 years$5,220$3,201$1,890$1,084$608$86
43 years$5,041$3,050$1,774$1,000$552$74
44 years$4,871$2,907$1,665$924$501$63
45 years$4,709$2,773$1,563$853$455$54
46 years$4,555$2,645$1,468$788$413$47
47 years$4,408$2,524$1,380$728$375$40
48 years$4,267$2,410$1,296$673$341$34
49 years$4,132$2,301$1,219$622$309$30
50 years$4,003$2,198$1,146$575$281$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,100,000, adding $3,316 every year, while hoping to spend $26,601 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: 50/43/7 Blend
60$4,100,000$4,100,000$4,100,000$4,100,000
61$4,521,620$4,304,320$4,240,770$4,739,507
62$4,954,522$4,486,929$4,354,533$5,070,996
63$5,430,689$4,677,594$4,471,215$5,427,874
64$5,954,505$4,876,681$4,590,886$5,815,025
65$6,530,801$5,084,576$4,713,618$6,235,289
66$7,164,901$5,301,678$4,839,483$6,691,785
67$7,862,671$5,528,410$4,968,554$7,187,941
68$8,630,571$5,765,210$5,100,909$7,727,520
69$9,475,723$6,012,539$5,236,624$8,314,660
70$10,405,974$6,270,880$5,375,777$8,953,907
71$11,429,967$6,540,737$5,518,449$9,650,258
72$12,557,228$6,822,638$5,664,723$10,409,207
73$13,798,255$7,117,137$5,814,680$11,236,791
74$15,164,613$7,424,812$5,968,407$12,139,652
75$16,669,045$7,746,270$6,125,991$13,125,091
76$18,325,595$8,082,145$6,287,519$14,201,138
77$20,149,737$8,433,101$6,453,083$15,376,626
78$22,158,522$8,799,835$6,622,772$16,661,271
79$24,370,739$9,183,074$6,796,683$18,065,761
80$26,807,091$9,583,581$6,974,908$19,601,854
81$29,490,393$10,002,155$7,157,546$21,282,488
82$32,445,784$10,439,633$7,344,696$23,121,901
83$35,700,968$10,896,888$7,536,457$25,135,757
84$39,286,471$11,374,839$7,732,932$27,341,300
85$43,235,930$11,874,446$7,934,225$29,757,504
86$47,586,416$12,396,715$8,140,441$32,405,255
87$52,378,774$12,942,697$8,351,690$35,307,543
88$57,658,016$13,513,497$8,568,079$38,489,675
89$63,473,745$14,110,269$8,789,721$41,979,511
90$69,880,618$14,734,223$9,016,727$45,807,721
91$76,938,867$15,386,627$9,249,214$50,008,073
92$84,714,866$16,068,806$9,487,298$54,617,747
93$93,281,757$16,782,152$9,731,097$59,677,678
94$102,720,139$17,528,120$9,980,731$65,232,944
95$113,118,830$18,308,235$10,236,322$71,333,179
96$124,575,707$19,124,095$10,497,995$78,033,043
97$137,198,626$19,977,373$10,765,875$85,392,730
98$151,106,443$20,869,821$11,040,089$93,478,528
99$166,430,135$21,803,277$11,320,767$102,363,444
100$183,314,034$22,779,663$11,608,038$112,127,883