Can I retire at age 61 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$371,606$368,296$365,066$361,914$358,836$345,555
2 years$183,963$180,537$177,217$173,997$170,874$157,644
3 years$121,424$117,983$114,671$111,482$108,410$95,646
4 years$90,160$86,730$83,451$80,316$77,319$65,119
5 years$71,407$67,997$64,761$61,691$58,776$47,172
6 years$58,909$55,525$52,337$49,334$46,508$35,508
7 years$49,985$46,630$43,492$40,561$37,823$27,424
8 years$43,296$39,970$36,885$34,025$31,378$21,571
9 years$38,095$34,801$31,769$28,982$26,425$17,196
10 years$33,937$30,676$27,697$24,983$22,515$13,848
11 years$30,538$27,309$24,384$21,742$19,364$11,239
12 years$27,707$24,511$21,640$19,071$16,780$9,179
13 years$25,313$22,151$19,334$16,837$14,633$7,532
14 years$23,263$20,134$17,372$14,946$12,827$6,206
15 years$21,488$18,393$15,684$13,329$11,294$5,129
16 years$19,937$16,875$14,220$11,935$9,982$4,250
17 years$18,569$15,542$12,940$10,723$8,850$3,529
18 years$17,355$14,361$11,812$9,664$7,869$2,935
19 years$16,270$13,310$10,814$8,732$7,014$2,445
20 years$15,294$12,368$9,924$7,909$6,265$2,039
21 years$14,413$11,520$9,128$7,178$5,607$1,702
22 years$13,612$10,754$8,413$6,526$5,026$1,422
23 years$12,883$10,058$7,768$5,943$4,511$1,189
24 years$12,215$9,424$7,184$5,421$4,055$995
25 years$11,602$8,844$6,654$4,951$3,649$832
26 years$11,036$8,311$6,171$4,527$3,287$697
27 years$10,514$7,822$5,731$4,143$2,963$584
28 years$10,030$7,371$5,327$3,796$2,674$489
29 years$9,579$6,953$4,957$3,481$2,414$410
30 years$9,160$6,567$4,618$3,195$2,181$343
31 years$8,769$6,208$4,305$2,934$1,972$288
32 years$8,402$5,874$4,017$2,697$1,784$241
33 years$8,059$5,563$3,750$2,480$1,615$202
34 years$7,736$5,272$3,504$2,282$1,462$170
35 years$7,433$5,000$3,276$2,100$1,324$142
36 years$7,147$4,746$3,065$1,934$1,200$119
37 years$6,877$4,508$2,868$1,782$1,087$100
38 years$6,622$4,284$2,686$1,643$986$84
39 years$6,381$4,074$2,517$1,515$894$70
40 years$6,152$3,876$2,359$1,397$811$59
41 years$5,935$3,689$2,212$1,289$736$50
42 years$5,729$3,514$2,075$1,190$667$42
43 years$5,533$3,348$1,947$1,098$606$35
44 years$5,347$3,191$1,828$1,014$550$29
45 years$5,169$3,043$1,716$936$499$25
46 years$4,999$2,903$1,612$865$453$21
47 years$4,838$2,770$1,514$799$412$17
48 years$4,683$2,645$1,423$738$374$14
49 years$4,535$2,525$1,337$682$339$12
50 years$4,394$2,412$1,257$631$308$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,500,000, adding $2,664 every year, while hoping to spend $29,969 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: 29/43/28 Blend
60$4,500,000$4,500,000$4,500,000$4,500,000
61$4,961,748$4,723,248$4,653,498$5,062,655
62$5,435,959$4,922,800$4,777,503$5,342,180
63$5,957,536$5,131,126$4,904,658$5,639,691
64$6,531,277$5,348,624$5,035,037$5,958,945
65$7,162,472$5,575,711$5,168,715$6,301,842
66$7,856,945$5,812,822$5,305,769$6,670,463
67$8,621,118$6,060,415$5,446,276$7,067,087
68$9,462,064$6,318,967$5,590,318$7,494,215
69$10,387,576$6,588,978$5,737,976$7,954,586
70$11,406,243$6,870,972$5,889,332$8,451,204
71$12,527,526$7,165,496$6,044,471$8,987,366
72$13,761,853$7,473,124$6,203,479$9,566,688
73$15,120,711$7,794,456$6,366,445$10,193,136
74$16,616,759$8,130,120$6,533,457$10,871,066
75$18,263,948$8,480,775$6,704,606$11,605,259
76$20,077,646$8,847,109$6,879,986$12,400,965
77$22,074,791$9,229,842$7,059,691$13,263,948
78$24,274,045$9,629,730$7,243,816$14,200,541
79$26,695,974$10,047,563$7,432,460$15,217,702
80$29,363,237$10,484,168$7,625,721$16,323,073
81$32,300,806$10,940,411$7,823,702$17,525,056
82$35,536,196$11,417,199$8,026,504$18,832,882
83$39,099,729$11,915,482$8,234,232$20,256,701
84$43,024,815$12,436,254$8,446,993$21,807,670
85$47,348,273$12,980,557$8,664,894$23,498,054
86$52,110,673$13,549,482$8,888,045$25,341,345
87$57,356,725$14,144,169$9,116,557$27,352,378
88$63,135,692$14,765,815$9,350,543$29,547,468
89$69,501,864$15,415,671$9,590,118$31,944,563
90$76,515,066$16,095,050$9,835,398$34,563,408
91$84,241,220$16,805,325$10,086,502$37,425,724
92$92,752,973$17,547,935$10,343,548$40,555,412
93$102,130,378$18,324,386$10,606,658$43,978,768
94$112,461,651$19,136,255$10,875,956$47,724,733
95$123,844,005$19,985,197$11,151,566$51,825,157
96$136,384,563$20,872,941$11,433,613$56,315,090
97$150,201,375$21,801,302$11,722,225$61,233,114
98$165,424,528$22,772,178$12,017,533$66,621,697
99$182,197,374$23,787,559$12,319,665$72,527,586
100$200,677,887$24,849,530$12,628,754$79,002,246