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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$379,864$376,480$373,179$369,957$366,810$352,257
2 years$188,051$184,549$181,155$177,864$174,672$160,190
3 years$124,122$120,605$117,219$113,959$110,819$96,864
4 years$92,164$88,657$85,306$82,101$79,037$65,716
5 years$72,994$69,508$66,201$63,062$60,083$47,429
6 years$60,218$56,759$53,500$50,431$47,541$35,564
7 years$51,096$47,666$44,459$41,462$38,664$27,358
8 years$44,258$40,859$37,704$34,781$32,075$21,429
9 years$38,942$35,575$32,475$29,626$27,012$17,009
10 years$34,692$31,357$28,312$25,538$23,016$13,637
11 years$31,216$27,916$24,926$22,226$19,794$11,018
12 years$28,322$25,056$22,121$19,495$17,153$8,956
13 years$25,876$22,643$19,764$17,211$14,958$7,314
14 years$23,780$20,582$17,758$15,278$13,112$5,996
15 years$21,966$18,802$16,033$13,625$11,545$4,931
16 years$20,380$17,250$14,536$12,200$10,203$4,065
17 years$18,982$15,887$13,227$10,962$9,047$3,358
18 years$17,740$14,680$12,075$9,879$8,044$2,779
19 years$16,631$13,605$11,054$8,926$7,170$2,302
20 years$15,634$12,643$10,145$8,084$6,404$1,910
21 years$14,733$11,776$9,331$7,337$5,731$1,586
22 years$13,915$10,993$8,600$6,671$5,137$1,318
23 years$13,169$10,281$7,941$6,075$4,611$1,095
24 years$12,487$9,633$7,344$5,541$4,145$911
25 years$11,860$9,040$6,802$5,061$3,730$758
26 years$11,282$8,496$6,308$4,627$3,360$631
27 years$10,748$7,996$5,858$4,235$3,029$526
28 years$10,252$7,534$5,446$3,880$2,733$438
29 years$9,792$7,108$5,068$3,558$2,468$365
30 years$9,364$6,713$4,720$3,266$2,230$304
31 years$8,963$6,346$4,401$2,999$2,016$253
32 years$8,589$6,004$4,106$2,756$1,824$211
33 years$8,238$5,686$3,834$2,535$1,650$176
34 years$7,908$5,389$3,582$2,332$1,494$147
35 years$7,598$5,112$3,349$2,147$1,353$122
36 years$7,306$4,852$3,133$1,977$1,226$102
37 years$7,030$4,608$2,932$1,822$1,111$85
38 years$6,769$4,379$2,746$1,679$1,008$71
39 years$6,523$4,164$2,573$1,548$914$59
40 years$6,289$3,962$2,411$1,428$829$49
41 years$6,067$3,771$2,261$1,318$752$41
42 years$5,856$3,592$2,121$1,216$682$34
43 years$5,656$3,422$1,990$1,122$619$29
44 years$5,465$3,262$1,868$1,036$562$24
45 years$5,284$3,111$1,754$957$510$20
46 years$5,110$2,967$1,648$884$463$17
47 years$4,945$2,832$1,548$817$421$14
48 years$4,787$2,703$1,455$755$382$12
49 years$4,636$2,582$1,367$698$347$10
50 years$4,491$2,466$1,285$645$315$8

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 $2,063 every year, while hoping to spend $50,110 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: 41/40/19 Blend
60$4,600,000$4,600,000$4,600,000$4,600,000
61$5,071,328$4,827,528$4,756,228$5,250,771
62$5,535,287$5,010,760$4,862,245$5,561,857
63$6,044,890$5,201,291$4,970,134$5,893,352
64$6,604,740$5,399,426$5,079,905$6,251,114
65$7,219,908$5,605,483$5,191,566$6,637,568
66$7,895,980$5,819,792$5,305,125$7,055,379
67$8,639,110$6,042,702$5,420,587$7,507,474
68$9,456,078$6,274,574$5,537,955$7,997,070
69$10,354,354$6,515,784$5,657,233$8,527,700
70$11,342,167$6,766,726$5,778,419$9,103,247
71$12,428,585$7,027,812$5,901,513$9,727,982
72$13,623,597$7,299,472$6,026,510$10,406,596
73$14,938,211$7,582,152$6,153,405$11,144,250
74$16,384,552$7,876,322$6,282,188$11,946,618
75$17,975,984$8,182,469$6,412,848$12,819,941
76$19,727,228$8,501,104$6,545,373$13,771,081
77$21,654,507$8,832,759$6,679,744$14,807,588
78$23,775,693$9,177,991$6,815,942$15,937,767
79$26,110,482$9,537,381$6,953,945$17,170,758
80$28,680,574$9,911,536$7,093,725$18,516,613
81$31,509,881$10,301,089$7,235,252$19,986,397
82$34,624,749$10,706,702$7,378,494$21,592,285
83$38,054,211$11,129,068$7,523,411$23,347,677
84$41,830,257$11,568,909$7,669,961$25,267,323
85$45,988,136$12,026,979$7,818,098$27,367,456
86$50,566,692$12,504,067$7,967,770$29,665,948
87$55,608,725$13,000,997$8,118,921$32,182,472
88$61,161,399$13,518,629$8,271,489$34,938,686
89$67,276,684$14,057,864$8,425,406$37,958,436
90$74,011,848$14,619,642$8,580,600$41,267,977
91$81,429,996$15,204,944$8,736,990$44,896,218
92$89,600,667$15,814,798$8,894,490$48,874,993
93$98,600,489$16,450,276$9,053,009$53,239,355
94$108,513,899$17,112,500$9,212,445$58,027,907
95$119,433,946$17,802,642$9,372,691$63,283,160
96$131,463,164$18,521,927$9,533,632$69,051,934
97$144,714,542$19,271,637$9,695,144$75,385,791
98$159,312,588$20,053,109$9,857,094$82,341,524
99$175,394,504$20,867,744$10,019,339$89,981,684
100$193,111,486$21,717,006$10,181,729$98,375,167