Can I retire at age 61 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$346,832$343,743$340,729$337,787$334,914$326,156
2 years$171,699$168,501$165,402$162,397$159,483$150,719
3 years$113,329$110,117$107,026$104,050$101,182$92,687
4 years$84,150$80,948$77,888$74,962$72,164$64,002
5 years$66,647$63,464$60,444$57,578$54,858$47,053
6 years$54,982$51,823$48,848$46,046$43,407$35,966
7 years$46,653$43,521$40,593$37,857$35,302$28,224
8 years$40,409$37,306$34,426$31,757$29,286$22,570
9 years$35,556$32,481$29,651$27,050$24,663$18,302
10 years$31,675$28,631$25,850$23,317$21,014$15,000
11 years$28,502$25,488$22,758$20,293$18,073$12,397
12 years$25,860$22,877$20,197$17,800$15,662$10,313
13 years$23,626$20,674$18,045$15,714$13,657$8,626
14 years$21,712$18,792$16,214$13,950$11,972$7,246
15 years$20,056$17,167$14,639$12,441$10,541$6,109
16 years$18,608$15,750$13,272$11,139$9,316$5,165
17 years$17,331$14,505$12,077$10,008$8,260$4,378
18 years$16,198$13,404$11,025$9,020$7,345$3,718
19 years$15,185$12,422$10,093$8,150$6,547$3,163
20 years$14,274$11,543$9,263$7,381$5,847$2,695
21 years$13,452$10,752$8,520$6,699$5,233$2,299
22 years$12,705$10,037$7,852$6,091$4,690$1,963
23 years$12,024$9,387$7,250$5,547$4,210$1,678
24 years$11,401$8,795$6,705$5,059$3,784$1,435
25 years$10,828$8,254$6,210$4,621$3,405$1,228
26 years$10,301$7,757$5,760$4,225$3,067$1,052
27 years$9,813$7,301$5,348$3,867$2,766$901
28 years$9,361$6,879$4,972$3,543$2,495$772
29 years$8,941$6,490$4,627$3,249$2,253$662
30 years$8,549$6,129$4,310$2,982$2,036$568
31 years$8,184$5,794$4,018$2,739$1,841$487
32 years$7,842$5,482$3,749$2,517$1,665$418
33 years$7,522$5,192$3,500$2,314$1,507$359
34 years$7,221$4,921$3,270$2,129$1,364$308
35 years$6,937$4,667$3,058$1,960$1,236$264
36 years$6,671$4,430$2,860$1,805$1,120$227
37 years$6,419$4,207$2,677$1,663$1,015$195
38 years$6,181$3,998$2,507$1,533$920$167
39 years$5,956$3,802$2,349$1,414$834$144
40 years$5,742$3,617$2,202$1,304$757$123
41 years$5,540$3,443$2,064$1,203$687$106
42 years$5,347$3,279$1,937$1,110$623$91
43 years$5,164$3,125$1,817$1,025$565$78
44 years$4,990$2,978$1,706$946$513$67
45 years$4,824$2,840$1,602$874$466$58
46 years$4,666$2,709$1,504$807$423$50
47 years$4,515$2,586$1,413$746$384$43
48 years$4,371$2,468$1,328$689$349$37
49 years$4,233$2,357$1,248$637$317$31
50 years$4,101$2,252$1,174$589$288$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,200,000, adding $4,067 every year, while hoping to spend $26,055 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: 36/40/24 Blend
60$4,200,000$4,200,000$4,200,000$4,200,000
61$4,632,595$4,409,995$4,344,895$4,765,715
62$5,077,397$4,598,363$4,462,727$5,052,497
63$5,566,696$4,795,087$4,583,633$5,359,203
64$6,105,003$5,000,550$4,707,688$5,689,801
65$6,697,288$5,215,151$4,834,970$6,046,450
66$7,349,028$5,439,310$4,965,558$6,431,517
67$8,066,256$5,673,463$5,099,531$6,847,602
68$8,855,622$5,918,071$5,236,973$7,297,553
69$9,724,451$6,173,612$5,377,968$7,784,500
70$10,680,816$6,440,590$5,522,601$8,311,878
71$11,733,611$6,719,531$5,670,960$8,883,457
72$12,892,637$7,010,985$5,823,134$9,503,380
73$14,168,693$7,315,530$5,979,216$10,176,195
74$15,573,677$7,633,770$6,139,298$10,906,899
75$17,120,704$7,966,336$6,303,476$11,700,984
76$18,824,220$8,313,891$6,471,847$12,564,484
77$20,700,147$8,677,128$6,644,510$13,504,030
78$22,766,028$9,056,773$6,821,567$14,526,912
79$25,041,194$9,453,586$7,003,121$15,641,144
80$27,546,948$9,868,364$7,189,277$16,855,537
81$30,306,763$10,301,939$7,380,144$18,179,780
82$33,346,504$10,755,186$7,575,831$19,624,528
83$36,694,675$11,229,018$7,776,449$21,201,500
84$40,382,685$11,724,393$7,982,113$22,923,588
85$44,445,145$12,242,314$8,192,939$24,804,970
86$48,920,193$12,783,830$8,409,046$26,861,250
87$53,849,857$13,350,043$8,630,554$29,109,590
88$59,280,451$13,942,104$8,857,586$31,568,880
89$65,263,011$14,561,220$9,090,268$34,259,902
90$71,853,773$15,208,656$9,328,728$37,205,530
91$79,114,712$15,885,734$9,573,095$40,430,939
92$87,114,121$16,593,843$9,823,501$43,963,836
93$95,927,255$17,334,435$10,080,082$47,834,720
94$105,637,045$18,109,032$10,342,975$52,077,163
95$116,334,877$18,919,229$10,612,318$56,728,125
96$128,121,459$19,766,694$10,888,255$61,828,294
97$141,107,764$20,653,180$11,170,929$67,422,466
98$155,416,088$21,580,517$11,460,486$73,559,964
99$171,181,193$22,550,627$11,757,077$80,295,092
100$188,551,588$23,565,521$12,060,852$87,687,650