Can I retire at age 61 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$355,090$351,927$348,841$345,829$342,888$330,591
2 years$175,787$172,513$169,340$166,264$163,280$151,024
3 years$116,027$112,739$109,574$106,527$103,592$91,761
4 years$86,153$82,875$79,742$76,747$73,882$62,569
5 years$68,234$64,975$61,883$58,949$56,164$45,397
6 years$56,291$53,057$50,011$47,142$44,441$34,228
7 years$47,764$44,557$41,559$38,758$36,142$26,481
8 years$41,371$38,194$35,245$32,513$29,984$20,866
9 years$36,402$33,255$30,357$27,694$25,250$16,665
10 years$32,429$29,312$26,466$23,872$21,515$13,446
11 years$29,181$26,095$23,300$20,776$18,503$10,934
12 years$26,475$23,422$20,678$18,223$16,035$8,947
13 years$24,188$21,166$18,475$16,089$13,982$7,358
14 years$22,229$19,239$16,600$14,282$12,257$6,074
15 years$20,533$17,576$14,987$12,737$10,792$5,031
16 years$19,051$16,125$13,588$11,404$9,538$4,178
17 years$17,744$14,851$12,365$10,247$8,457$3,477
18 years$16,583$13,723$11,287$9,234$7,520$2,898
19 years$15,546$12,718$10,333$8,344$6,702$2,420
20 years$14,614$11,818$9,483$7,557$5,987$2,023
21 years$13,772$11,008$8,723$6,859$5,357$1,693
22 years$13,007$10,276$8,039$6,236$4,802$1,417
23 years$12,310$9,611$7,423$5,679$4,311$1,188
24 years$11,672$9,005$6,865$5,180$3,875$996
25 years$11,086$8,450$6,358$4,731$3,487$836
26 years$10,546$7,942$5,897$4,325$3,141$701
27 years$10,047$7,474$5,476$3,959$2,831$589
28 years$9,584$7,043$5,090$3,627$2,555$494
29 years$9,154$6,644$4,737$3,326$2,307$415
30 years$8,753$6,275$4,412$3,053$2,085$349
31 years$8,379$5,932$4,114$2,804$1,885$293
32 years$8,029$5,613$3,838$2,577$1,705$246
33 years$7,701$5,315$3,584$2,369$1,543$207
34 years$7,393$5,038$3,348$2,180$1,397$174
35 years$7,103$4,778$3,130$2,007$1,265$146
36 years$6,829$4,535$2,928$1,848$1,146$123
37 years$6,572$4,307$2,741$1,703$1,039$103
38 years$6,328$4,094$2,567$1,570$942$87
39 years$6,097$3,893$2,405$1,447$854$73
40 years$5,879$3,704$2,254$1,335$775$62
41 years$5,671$3,525$2,114$1,232$703$52
42 years$5,475$3,357$1,983$1,137$638$43
43 years$5,287$3,199$1,860$1,049$579$37
44 years$5,109$3,049$1,746$969$525$31
45 years$4,939$2,908$1,640$895$477$26
46 years$4,777$2,774$1,540$826$433$22
47 years$4,623$2,647$1,447$764$393$18
48 years$4,475$2,527$1,360$706$357$15
49 years$4,334$2,413$1,278$652$324$13
50 years$4,198$2,305$1,202$603$295$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,300,000, adding $2,335 every year, while hoping to spend $26,868 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: 57/13/30 Blend
60$4,300,000$4,300,000$4,300,000$4,300,000
61$4,741,009$4,513,109$4,446,459$4,971,915
62$5,196,004$4,705,664$4,566,828$5,323,606
63$5,696,509$4,906,753$4,690,328$5,703,774
64$6,247,136$5,116,767$4,817,038$6,117,640
65$6,852,969$5,336,114$4,947,034$6,568,477
66$7,519,609$5,565,221$5,080,396$7,059,886
67$8,253,226$5,804,534$5,217,207$7,595,830
68$9,060,621$6,054,522$5,357,549$8,180,669
69$9,949,285$6,315,675$5,501,508$8,819,204
70$10,927,475$6,588,505$5,649,171$9,516,716
71$12,004,286$6,873,550$5,800,627$10,279,020
72$13,189,741$7,171,372$5,955,965$11,112,517
73$14,494,884$7,482,559$6,115,280$12,024,254
74$15,931,885$7,807,728$6,278,665$13,021,987
75$17,514,154$8,147,523$6,446,217$14,114,258
76$19,256,467$8,502,621$6,618,035$15,310,472
77$21,175,106$8,873,728$6,794,218$16,620,983
78$23,288,012$9,261,586$6,974,869$18,057,193
79$25,614,955$9,666,969$7,160,093$19,631,660
80$28,177,721$10,090,691$7,349,997$21,358,212
81$31,000,315$10,533,602$7,544,688$23,252,078
82$34,109,190$10,996,591$7,744,278$25,330,029
83$37,533,496$11,480,593$7,948,880$27,610,537
84$41,305,354$11,986,584$8,158,610$30,113,950
85$45,460,160$12,515,586$8,373,583$32,862,675
86$50,036,919$13,068,672$8,593,920$35,881,397
87$55,078,612$13,646,964$8,819,743$39,197,305
88$60,632,601$14,251,637$9,051,176$42,840,349
89$66,751,081$14,883,921$9,288,345$46,843,520
90$73,491,566$15,545,108$9,531,379$51,243,162
91$80,917,434$16,236,546$9,780,408$56,079,310
92$89,098,526$16,959,651$10,035,566$61,396,068
93$98,111,807$17,715,906$10,296,989$67,242,025
94$108,042,088$18,506,861$10,564,814$73,670,709
95$118,982,827$19,334,144$10,839,182$80,741,090
96$131,037,016$20,199,458$11,120,236$88,518,139
97$144,318,148$21,104,587$11,408,119$97,073,432
98$158,951,289$22,051,401$11,702,981$106,485,831
99$175,074,259$23,041,859$12,004,970$116,842,219
100$192,838,936$24,078,013$12,314,239$128,238,324