Can I retire at age 61 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$363,348$360,111$356,954$353,872$350,862$343,217
2 years$179,875$176,525$173,278$170,131$167,077$159,413
3 years$118,726$115,361$112,123$109,004$106,001$98,557
4 years$88,157$84,803$81,597$78,531$75,601$68,435
5 years$69,820$66,486$63,322$60,320$57,470$50,603
6 years$57,600$54,291$51,174$48,238$45,474$38,912
7 years$48,875$45,594$42,526$39,659$36,983$30,727
8 years$42,334$39,082$36,065$33,269$30,681$24,730
9 years$37,249$34,028$31,063$28,338$25,838$20,187
10 years$33,183$29,994$27,081$24,428$22,015$16,658
11 years$29,859$26,702$23,842$21,259$18,934$13,864
12 years$27,091$23,966$21,159$18,647$16,407$11,617
13 years$24,751$21,658$18,904$16,463$14,308$9,788
14 years$22,746$19,687$16,986$14,614$12,542$8,285
15 years$21,011$17,984$15,336$13,033$11,043$7,038
16 years$19,494$16,500$13,904$11,670$9,760$5,997
17 years$18,156$15,196$12,652$10,485$8,654$5,124
18 years$16,969$14,042$11,550$9,449$7,694$4,387
19 years$15,908$13,014$10,573$8,538$6,858$3,763
20 years$14,954$12,093$9,704$7,733$6,126$3,233
21 years$14,092$11,264$8,925$7,018$5,482$2,781
22 years$13,310$10,515$8,226$6,381$4,914$2,395
23 years$12,597$9,834$7,595$5,811$4,411$2,065
24 years$11,944$9,214$7,024$5,300$3,965$1,782
25 years$11,344$8,647$6,506$4,841$3,568$1,538
26 years$10,791$8,127$6,034$4,426$3,214$1,329
27 years$10,280$7,648$5,603$4,051$2,897$1,149
28 years$9,807$7,207$5,209$3,712$2,614$994
29 years$9,367$6,799$4,847$3,404$2,361$860
30 years$8,956$6,421$4,515$3,124$2,133$744
31 years$8,574$6,070$4,209$2,869$1,928$644
32 years$8,216$5,743$3,927$2,637$1,744$558
33 years$7,880$5,439$3,667$2,425$1,579$483
34 years$7,564$5,155$3,426$2,231$1,429$418
35 years$7,268$4,889$3,203$2,054$1,295$362
36 years$6,988$4,641$2,997$1,891$1,173$314
37 years$6,724$4,408$2,805$1,743$1,063$272
38 years$6,475$4,189$2,627$1,606$964$236
39 years$6,239$3,983$2,461$1,481$874$204
40 years$6,015$3,790$2,306$1,366$793$177
41 years$5,803$3,607$2,163$1,260$719$154
42 years$5,602$3,436$2,029$1,163$653$133
43 years$5,410$3,273$1,904$1,074$592$115
44 years$5,228$3,120$1,787$991$538$100
45 years$5,054$2,975$1,678$916$488$87
46 years$4,888$2,838$1,576$846$443$75
47 years$4,730$2,709$1,481$781$402$65
48 years$4,579$2,586$1,391$722$365$57
49 years$4,434$2,469$1,308$667$332$49
50 years$4,296$2,359$1,229$617$301$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,400,000, adding $3,595 every year, while hoping to spend $40,980 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: 71/15/14 Blend
60$4,400,000$4,400,000$4,400,000$4,400,000
61$4,852,508$4,619,308$4,551,108$5,181,734
62$5,303,862$4,802,052$4,659,968$5,583,384
63$5,799,880$4,992,377$4,771,101$6,017,622
64$6,345,075$5,190,610$4,884,540$6,491,918
65$6,944,418$5,397,096$5,000,318$7,010,223
66$7,603,388$5,612,193$5,118,468$7,576,881
67$8,328,017$5,836,274$5,239,020$8,196,679
68$9,124,955$6,069,731$5,362,007$8,874,884
69$10,001,525$6,312,973$5,487,460$9,617,296
70$10,965,800$6,566,428$5,615,409$10,430,302
71$12,026,670$6,830,542$5,745,884$11,320,934
72$13,193,934$7,105,781$5,878,914$12,296,934
73$14,478,385$7,392,635$6,014,528$13,366,831
74$15,891,919$7,691,612$6,152,752$14,540,015
75$17,447,640$8,003,247$6,293,615$15,826,828
76$19,159,989$8,328,096$6,437,141$17,238,660
77$21,044,878$8,666,742$6,583,355$18,788,055
78$23,119,838$9,019,795$6,732,280$20,488,831
79$25,404,188$9,387,892$6,883,938$22,356,206
80$27,919,215$9,771,698$7,038,350$24,406,944
81$30,688,375$10,171,911$7,195,534$26,659,509
82$33,737,512$10,589,258$7,355,508$29,134,240
83$37,095,108$11,024,501$7,518,287$31,853,544
84$40,792,544$11,478,437$7,683,885$34,842,102
85$44,864,402$11,951,898$7,852,313$38,127,103
86$49,348,786$12,445,756$8,023,580$41,738,501
87$54,287,685$12,960,922$8,197,694$45,709,293
88$59,727,371$13,498,349$8,374,658$50,075,832
89$65,718,828$14,059,033$8,554,474$54,878,169
90$72,318,240$14,644,018$8,737,141$60,160,427
91$79,587,520$15,254,393$8,922,655$65,971,217
92$87,594,889$15,891,301$9,111,006$72,364,099
93$96,415,528$16,555,935$9,302,185$79,398,079
94$106,132,280$17,249,544$9,496,176$87,138,171
95$116,836,435$17,973,434$9,692,961$95,656,006
96$128,628,592$18,728,973$9,892,515$105,030,506
97$141,619,606$19,517,590$10,094,812$115,348,627
98$155,931,637$20,340,783$10,299,819$126,706,182
99$171,699,300$21,200,118$10,507,500$139,208,737
100$189,070,938$22,097,233$10,717,810$152,972,610