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%
1 years$379,864$376,480$373,179$369,957$366,810$356,354
2 years$188,051$184,549$181,155$177,864$174,672$164,219
3 years$124,122$120,605$117,219$113,959$110,819$100,696
4 years$92,164$88,657$85,306$82,101$79,037$69,323
5 years$72,994$69,508$66,201$63,062$60,083$50,803
6 years$60,218$56,759$53,500$50,431$47,541$38,705
7 years$51,096$47,666$44,459$41,462$38,664$30,271
8 years$44,258$40,859$37,704$34,781$32,075$24,122
9 years$38,942$35,575$32,475$29,626$27,012$19,489
10 years$34,692$31,357$28,312$25,538$23,016$15,914
11 years$31,216$27,916$24,926$22,226$19,794$13,101
12 years$28,322$25,056$22,121$19,495$17,153$10,857
13 years$25,876$22,643$19,764$17,211$14,958$9,044
14 years$23,780$20,582$17,758$15,278$13,112$7,565
15 years$21,966$18,802$16,033$13,625$11,545$6,351
16 years$20,380$17,250$14,536$12,200$10,203$5,347
17 years$18,982$15,887$13,227$10,962$9,047$4,512
18 years$17,740$14,680$12,075$9,879$8,044$3,815
19 years$16,631$13,605$11,054$8,926$7,170$3,231
20 years$15,634$12,643$10,145$8,084$6,404$2,740
21 years$14,733$11,776$9,331$7,337$5,731$2,327
22 years$13,915$10,993$8,600$6,671$5,137$1,978
23 years$13,169$10,281$7,941$6,075$4,611$1,682
24 years$12,487$9,633$7,344$5,541$4,145$1,432
25 years$11,860$9,040$6,802$5,061$3,730$1,220
26 years$11,282$8,496$6,308$4,627$3,360$1,040
27 years$10,748$7,996$5,858$4,235$3,029$886
28 years$10,252$7,534$5,446$3,880$2,733$756
29 years$9,792$7,108$5,068$3,558$2,468$645
30 years$9,364$6,713$4,720$3,266$2,230$550
31 years$8,963$6,346$4,401$2,999$2,016$470
32 years$8,589$6,004$4,106$2,756$1,824$401
33 years$8,238$5,686$3,834$2,535$1,650$342
34 years$7,908$5,389$3,582$2,332$1,494$292
35 years$7,598$5,112$3,349$2,147$1,353$250
36 years$7,306$4,852$3,133$1,977$1,226$213
37 years$7,030$4,608$2,932$1,822$1,111$182
38 years$6,769$4,379$2,746$1,679$1,008$156
39 years$6,523$4,164$2,573$1,548$914$133
40 years$6,289$3,962$2,411$1,428$829$114
41 years$6,067$3,771$2,261$1,318$752$97
42 years$5,856$3,592$2,121$1,216$682$83
43 years$5,656$3,422$1,990$1,122$619$71
44 years$5,465$3,262$1,868$1,036$562$61
45 years$5,284$3,111$1,754$957$510$52
46 years$5,110$2,967$1,648$884$463$44
47 years$4,945$2,832$1,548$817$421$38
48 years$4,787$2,703$1,455$755$382$32
49 years$4,636$2,582$1,367$698$347$28
50 years$4,491$2,466$1,285$645$315$24

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 $5,073 every year, while hoping to spend $38,696 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: 50/39/11 Blend
60$4,600,000$4,600,000$4,600,000$4,600,000
61$5,074,433$4,830,633$4,759,333$5,312,951
62$5,550,853$5,026,162$4,877,598$5,672,321
63$6,074,571$5,229,974$4,998,529$6,058,115
64$6,650,370$5,442,436$5,122,172$6,476,456
65$7,283,521$5,663,929$5,248,578$6,930,409
66$7,979,829$5,894,851$5,377,795$7,423,343
67$8,745,694$6,135,620$5,509,873$7,958,959
68$9,588,161$6,386,673$5,644,861$8,541,324
69$10,514,999$6,648,464$5,782,809$9,174,911
70$11,534,762$6,921,473$5,923,766$9,864,635
71$12,656,879$7,206,196$6,067,784$10,615,900
72$13,891,738$7,503,157$6,214,911$11,434,649
73$15,250,783$7,812,900$6,365,199$12,327,418
74$16,746,627$8,135,996$6,518,697$13,301,395
75$18,393,166$8,473,042$6,675,456$14,364,487
76$20,205,710$8,824,662$6,835,525$15,525,391
77$22,201,132$9,191,510$6,998,955$16,793,677
78$24,398,021$9,574,269$7,165,794$18,179,873
79$26,816,864$9,973,652$7,336,092$19,695,564
80$29,480,230$10,390,407$7,509,898$21,353,499
81$32,412,994$10,825,317$7,687,260$23,167,709
82$35,642,562$11,279,200$7,868,225$25,153,634
83$39,199,134$11,752,912$8,052,841$27,328,271
84$43,115,989$12,247,348$8,241,155$29,710,329
85$47,429,797$12,763,445$8,433,211$32,320,401
86$52,180,966$13,302,184$8,629,054$35,181,159
87$57,414,025$13,864,592$8,828,728$38,317,562
88$63,178,040$14,451,741$9,032,274$41,757,091
89$69,527,080$15,064,756$9,239,735$45,530,002
90$76,520,725$15,704,812$9,451,149$49,669,610
91$84,224,632$16,373,141$9,666,555$54,212,599
92$92,711,149$17,071,029$9,885,990$59,199,364
93$102,060,002$17,799,826$10,109,486$64,674,391
94$112,359,047$18,560,941$10,337,078$70,686,669
95$123,705,095$19,355,852$10,568,796$77,290,148
96$136,204,830$20,186,105$10,804,666$84,544,249
97$149,975,816$21,053,318$11,044,716$92,514,412
98$165,147,603$21,959,183$11,288,967$101,272,716
99$181,862,951$22,905,476$11,537,440$110,898,550
100$200,279,178$23,894,050$11,790,150$121,479,358