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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$363,348$360,111$356,954$353,872$350,862$343,638
2 years$179,875$176,525$173,278$170,131$167,077$159,831
3 years$118,726$115,361$112,123$109,004$106,001$98,960
4 years$88,157$84,803$81,597$78,531$75,601$68,819
5 years$69,820$66,486$63,322$60,320$57,470$50,967
6 years$57,600$54,291$51,174$48,238$45,474$39,256
7 years$48,875$45,594$42,526$39,659$36,983$31,051
8 years$42,334$39,082$36,065$33,269$30,681$25,034
9 years$37,249$34,028$31,063$28,338$25,838$20,472
10 years$33,183$29,994$27,081$24,428$22,015$16,925
11 years$29,859$26,702$23,842$21,259$18,934$14,113
12 years$27,091$23,966$21,159$18,647$16,407$11,849
13 years$24,751$21,658$18,904$16,463$14,308$10,003
14 years$22,746$19,687$16,986$14,614$12,542$8,484
15 years$21,011$17,984$15,336$13,033$11,043$7,222
16 years$19,494$16,500$13,904$11,670$9,760$6,168
17 years$18,156$15,196$12,652$10,485$8,654$5,281
18 years$16,969$14,042$11,550$9,449$7,694$4,531
19 years$15,908$13,014$10,573$8,538$6,858$3,896
20 years$14,954$12,093$9,704$7,733$6,126$3,354
21 years$14,092$11,264$8,925$7,018$5,482$2,892
22 years$13,310$10,515$8,226$6,381$4,914$2,497
23 years$12,597$9,834$7,595$5,811$4,411$2,157
24 years$11,944$9,214$7,024$5,300$3,965$1,866
25 years$11,344$8,647$6,506$4,841$3,568$1,615
26 years$10,791$8,127$6,034$4,426$3,214$1,399
27 years$10,280$7,648$5,603$4,051$2,897$1,212
28 years$9,807$7,207$5,209$3,712$2,614$1,051
29 years$9,367$6,799$4,847$3,404$2,361$911
30 years$8,956$6,421$4,515$3,124$2,133$790
31 years$8,574$6,070$4,209$2,869$1,928$686
32 years$8,216$5,743$3,927$2,637$1,744$595
33 years$7,880$5,439$3,667$2,425$1,579$517
34 years$7,564$5,155$3,426$2,231$1,429$449
35 years$7,268$4,889$3,203$2,054$1,295$390
36 years$6,988$4,641$2,997$1,891$1,173$339
37 years$6,724$4,408$2,805$1,743$1,063$294
38 years$6,475$4,189$2,627$1,606$964$256
39 years$6,239$3,983$2,461$1,481$874$222
40 years$6,015$3,790$2,306$1,366$793$193
41 years$5,803$3,607$2,163$1,260$719$168
42 years$5,602$3,436$2,029$1,163$653$146
43 years$5,410$3,273$1,904$1,074$592$127
44 years$5,228$3,120$1,787$991$538$110
45 years$5,054$2,975$1,678$916$488$96
46 years$4,888$2,838$1,576$846$443$83
47 years$4,730$2,709$1,481$781$402$72
48 years$4,579$2,586$1,391$722$365$63
49 years$4,434$2,469$1,308$667$332$55
50 years$4,296$2,359$1,229$617$301$48

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 $5,515 every year, while hoping to spend $50,218 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: 71/9/20 Blend
60$4,400,000$4,400,000$4,400,000$4,400,000
61$4,854,489$4,621,289$4,553,089$5,175,193
62$5,296,215$4,794,300$4,652,186$5,562,564
63$5,781,314$4,974,106$4,752,919$5,980,053
64$6,314,158$5,160,987$4,855,291$6,435,909
65$6,899,560$5,355,234$4,959,302$6,933,927
66$7,542,826$5,557,151$5,064,950$7,478,287
67$8,249,801$5,767,058$5,172,231$8,073,589
68$9,026,921$5,985,284$5,281,142$8,724,902
69$9,881,280$6,212,176$5,391,673$9,437,806
70$10,820,692$6,448,094$5,503,816$10,218,449
71$11,853,767$6,693,416$5,617,558$11,073,600
72$12,989,992$6,948,533$5,732,887$12,010,714
73$14,239,815$7,213,856$5,849,783$13,038,004
74$15,614,754$7,489,812$5,968,228$14,164,517
75$17,127,494$7,776,848$6,088,199$15,400,216
76$18,792,015$8,075,430$6,209,670$16,756,078
77$20,623,719$8,386,045$6,332,612$18,244,194
78$22,639,576$8,709,199$6,456,993$19,877,884
79$24,858,287$9,045,423$6,582,776$21,671,821
80$27,300,454$9,395,271$6,709,921$23,642,170
81$29,988,781$9,759,320$6,838,384$25,806,739
82$32,948,284$10,138,174$6,968,117$28,185,150
83$36,206,526$10,532,461$7,099,066$30,799,017
84$39,793,880$10,942,840$7,231,173$33,672,155
85$43,743,815$11,369,999$7,364,376$36,830,802
86$48,093,208$11,814,653$7,498,607$40,303,866
87$52,882,696$12,277,552$7,633,792$44,123,199
88$58,157,058$12,759,478$7,769,850$48,323,892
89$63,965,634$13,261,249$7,906,697$52,944,612
90$70,362,797$13,783,719$8,044,240$58,027,961
91$77,408,460$14,327,779$8,182,379$63,620,882
92$85,168,643$14,894,360$8,321,009$69,775,096
93$93,716,097$15,484,436$8,460,015$76,547,593
94$103,130,990$16,099,024$8,599,276$84,001,169
95$113,501,660$16,739,186$8,738,661$92,205,017
96$124,925,456$17,406,032$8,878,033$101,235,379
97$137,509,647$18,100,722$9,017,241$111,176,266
98$151,372,442$18,824,469$9,156,130$122,120,248
99$166,644,102$19,578,538$9,294,531$134,169,328
100$183,468,169$20,364,255$9,432,267$147,435,907