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

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$355,090$351,927$348,841$345,829$342,888$339,448
2 years$175,787$172,513$169,340$166,264$163,280$159,816
3 years$116,027$112,739$109,574$106,527$103,592$100,210
4 years$86,153$82,875$79,742$76,747$73,882$70,609
5 years$68,234$64,975$61,883$58,949$56,164$53,010
6 years$56,291$53,057$50,011$47,142$44,441$41,408
7 years$47,764$44,557$41,559$38,758$36,142$33,233
8 years$41,371$38,194$35,245$32,513$29,984$27,198
9 years$36,402$33,255$30,357$27,694$25,250$22,587
10 years$32,429$29,312$26,466$23,872$21,515$18,972
11 years$29,181$26,095$23,300$20,776$18,503$16,080
12 years$26,475$23,422$20,678$18,223$16,035$13,727
13 years$24,188$21,166$18,475$16,089$13,982$11,789
14 years$22,229$19,239$16,600$14,282$12,257$10,174
15 years$20,533$17,576$14,987$12,737$10,792$8,816
16 years$19,051$16,125$13,588$11,404$9,538$7,667
17 years$17,744$14,851$12,365$10,247$8,457$6,686
18 years$16,583$13,723$11,287$9,234$7,520$5,846
19 years$15,546$12,718$10,333$8,344$6,702$5,123
20 years$14,614$11,818$9,483$7,557$5,987$4,497
21 years$13,772$11,008$8,723$6,859$5,357$3,955
22 years$13,007$10,276$8,039$6,236$4,802$3,482
23 years$12,310$9,611$7,423$5,679$4,311$3,070
24 years$11,672$9,005$6,865$5,180$3,875$2,710
25 years$11,086$8,450$6,358$4,731$3,487$2,394
26 years$10,546$7,942$5,897$4,325$3,141$2,116
27 years$10,047$7,474$5,476$3,959$2,831$1,872
28 years$9,584$7,043$5,090$3,627$2,555$1,658
29 years$9,154$6,644$4,737$3,326$2,307$1,468
30 years$8,753$6,275$4,412$3,053$2,085$1,301
31 years$8,379$5,932$4,114$2,804$1,885$1,154
32 years$8,029$5,613$3,838$2,577$1,705$1,024
33 years$7,701$5,315$3,584$2,369$1,543$908
34 years$7,393$5,038$3,348$2,180$1,397$806
35 years$7,103$4,778$3,130$2,007$1,265$716
36 years$6,829$4,535$2,928$1,848$1,146$636
37 years$6,572$4,307$2,741$1,703$1,039$564
38 years$6,328$4,094$2,567$1,570$942$501
39 years$6,097$3,893$2,405$1,447$854$446
40 years$5,879$3,704$2,254$1,335$775$396
41 years$5,671$3,525$2,114$1,232$703$352
42 years$5,475$3,357$1,983$1,137$638$313
43 years$5,287$3,199$1,860$1,049$579$278
44 years$5,109$3,049$1,746$969$525$247
45 years$4,939$2,908$1,640$895$477$220
46 years$4,777$2,774$1,540$826$433$195
47 years$4,623$2,647$1,447$764$393$174
48 years$4,475$2,527$1,360$706$357$155
49 years$4,334$2,413$1,278$652$324$137
50 years$4,198$2,305$1,202$603$295$122

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 $2,176 every year, while hoping to spend $34,256 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: 53/27/20 Blend
60$4,300,000$4,300,000$4,300,000$4,300,000
61$4,740,845$4,512,945$4,446,295$4,966,022
62$5,187,963$4,697,631$4,558,797$5,305,592
63$5,679,539$4,890,218$4,673,921$5,671,129
64$6,220,071$5,091,059$4,791,717$6,068,152
65$6,814,516$5,300,518$4,912,237$6,499,671
66$7,468,335$5,518,982$5,035,535$6,968,995
67$8,187,543$5,746,850$5,161,663$7,479,761
68$8,978,769$5,984,543$5,290,676$8,035,973
69$9,849,318$6,232,500$5,422,628$8,642,032
70$10,807,237$6,491,180$5,557,574$9,302,779
71$11,861,391$6,761,065$5,695,570$10,023,540
72$13,021,552$7,042,655$5,836,670$10,810,176
73$14,298,484$7,336,479$5,980,932$11,669,135
74$15,704,047$7,643,084$6,128,411$12,607,512
75$17,251,312$7,963,048$6,279,165$13,633,115
76$18,954,681$8,296,972$6,433,252$14,754,538
77$20,830,020$8,645,485$6,590,727$15,981,240
78$22,894,815$9,009,247$6,751,650$17,323,631
79$25,168,334$9,388,948$6,916,078$18,793,172
80$27,671,807$9,785,310$7,084,070$20,402,479
81$30,428,628$10,199,086$7,255,682$22,165,442
82$33,464,574$10,631,068$7,430,974$24,097,354
83$36,808,053$11,082,082$7,610,003$26,215,049
84$40,490,364$11,552,993$7,792,828$28,537,069
85$44,545,999$12,044,708$7,979,506$31,083,826
86$49,012,966$12,558,174$8,170,094$33,877,800
87$53,933,146$13,094,382$8,364,651$36,943,744
88$59,352,692$13,654,372$8,563,232$40,308,922
89$65,322,461$14,239,230$8,765,894$44,003,354
90$71,898,493$14,850,094$8,972,693$48,060,108
91$79,142,544$15,488,154$9,183,683$52,515,601
92$87,122,667$16,154,656$9,398,919$57,409,943
93$95,913,851$16,850,906$9,618,455$62,787,314
94$105,598,733$17,578,269$9,842,342$68,696,377
95$116,268,375$18,338,176$10,070,632$75,190,733
96$128,023,126$19,132,123$10,303,375$82,329,427
97$140,973,565$19,961,678$10,540,619$90,177,498
98$155,241,551$20,828,482$10,782,411$98,806,592
99$170,961,364$21,734,253$11,028,797$108,295,635
100$188,280,981$22,680,789$11,279,819$118,731,572