Can I retire at age 61 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$379,864$376,480$373,179$369,957$366,810$355,924
2 years$188,051$184,549$181,155$177,864$174,672$163,794
3 years$124,122$120,605$117,219$113,959$110,819$100,291
4 years$92,164$88,657$85,306$82,101$79,037$68,939
5 years$72,994$69,508$66,201$63,062$60,083$50,442
6 years$60,218$56,759$53,500$50,431$47,541$38,367
7 years$51,096$47,666$44,459$41,462$38,664$29,956
8 years$44,258$40,859$37,704$34,781$32,075$23,828
9 years$38,942$35,575$32,475$29,626$27,012$19,217
10 years$34,692$31,357$28,312$25,538$23,016$15,662
11 years$31,216$27,916$24,926$22,226$19,794$12,869
12 years$28,322$25,056$22,121$19,495$17,153$10,643
13 years$25,876$22,643$19,764$17,211$14,958$8,848
14 years$23,780$20,582$17,758$15,278$13,112$7,386
15 years$21,966$18,802$16,033$13,625$11,545$6,188
16 years$20,380$17,250$14,536$12,200$10,203$5,198
17 years$18,982$15,887$13,227$10,962$9,047$4,377
18 years$17,740$14,680$12,075$9,879$8,044$3,693
19 years$16,631$13,605$11,054$8,926$7,170$3,120
20 years$15,634$12,643$10,145$8,084$6,404$2,640
21 years$14,733$11,776$9,331$7,337$5,731$2,237
22 years$13,915$10,993$8,600$6,671$5,137$1,897
23 years$13,169$10,281$7,941$6,075$4,611$1,610
24 years$12,487$9,633$7,344$5,541$4,145$1,367
25 years$11,860$9,040$6,802$5,061$3,730$1,162
26 years$11,282$8,496$6,308$4,627$3,360$988
27 years$10,748$7,996$5,858$4,235$3,029$840
28 years$10,252$7,534$5,446$3,880$2,733$715
29 years$9,792$7,108$5,068$3,558$2,468$608
30 years$9,364$6,713$4,720$3,266$2,230$518
31 years$8,963$6,346$4,401$2,999$2,016$441
32 years$8,589$6,004$4,106$2,756$1,824$375
33 years$8,238$5,686$3,834$2,535$1,650$320
34 years$7,908$5,389$3,582$2,332$1,494$272
35 years$7,598$5,112$3,349$2,147$1,353$232
36 years$7,306$4,852$3,133$1,977$1,226$198
37 years$7,030$4,608$2,932$1,822$1,111$168
38 years$6,769$4,379$2,746$1,679$1,008$144
39 years$6,523$4,164$2,573$1,548$914$122
40 years$6,289$3,962$2,411$1,428$829$104
41 years$6,067$3,771$2,261$1,318$752$89
42 years$5,856$3,592$2,121$1,216$682$76
43 years$5,656$3,422$1,990$1,122$619$65
44 years$5,465$3,262$1,868$1,036$562$55
45 years$5,284$3,111$1,754$957$510$47
46 years$5,110$2,967$1,648$884$463$40
47 years$4,945$2,832$1,548$817$421$34
48 years$4,787$2,703$1,455$755$382$29
49 years$4,636$2,582$1,367$698$347$25
50 years$4,491$2,466$1,285$645$315$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,600,000, adding $4,586 every year, while hoping to spend $51,181 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: 68/26/6 Blend
60$4,600,000$4,600,000$4,600,000$4,600,000
61$5,073,930$4,830,130$4,758,830$5,414,268
62$5,537,015$5,012,351$4,863,795$5,822,470
63$6,045,619$5,201,784$4,970,561$6,262,029
64$6,604,331$5,398,731$5,079,133$6,741,302
65$7,218,207$5,603,502$5,189,518$7,264,164
66$7,892,815$5,816,425$5,301,718$7,834,877
67$8,634,292$6,037,840$5,415,735$8,458,132
68$9,449,396$6,268,100$5,531,569$9,139,091
69$10,345,574$6,507,577$5,649,216$9,883,435
70$11,331,032$6,756,657$5,768,674$10,697,418
71$12,414,807$7,015,743$5,889,935$11,587,924
72$13,606,860$7,285,257$6,012,990$12,562,529
73$14,918,163$7,565,638$6,137,829$13,629,576
74$16,360,807$7,857,345$6,264,437$14,798,250
75$17,948,111$8,160,857$6,392,797$16,078,661
76$19,694,753$8,476,674$6,522,891$17,481,944
77$21,616,905$8,805,318$6,654,694$19,020,357
78$23,732,384$9,147,334$6,788,182$20,707,402
79$26,060,825$9,503,291$6,923,324$22,557,943
80$28,623,861$9,873,783$7,060,087$24,588,353
81$31,445,328$10,259,432$7,198,433$26,816,660
82$34,551,493$10,660,886$7,338,322$29,262,723
83$37,971,297$11,078,821$7,479,708$31,948,411
84$41,736,631$11,513,945$7,622,539$34,897,811
85$45,882,635$11,966,996$7,766,762$38,137,454
86$50,448,031$12,438,746$7,912,316$41,696,565
87$55,475,487$12,930,001$8,059,135$45,607,332
88$61,012,018$13,441,603$8,207,148$49,905,213
89$67,109,434$13,974,431$8,356,277$54,629,266
90$73,824,822$14,529,405$8,506,439$59,822,518
91$81,221,093$15,107,484$8,657,543$65,532,367
92$89,367,567$15,709,673$8,809,493$71,811,026
93$98,340,631$16,337,020$8,962,183$78,716,019
94$108,224,462$16,990,620$9,115,503$86,310,714
95$119,111,815$17,671,619$9,269,330$94,664,924
96$131,104,905$18,381,213$9,423,538$103,855,565
97$144,316,366$19,120,653$9,577,987$113,967,372
98$158,870,318$19,891,247$9,732,532$125,093,703
99$174,903,533$20,694,361$9,887,014$137,337,415
100$192,566,732$21,531,424$10,041,268$150,811,830