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%15.2%
1 years$379,864$376,480$373,179$369,957$366,810$358,964
2 years$188,051$184,549$181,155$177,864$174,672$166,805
3 years$124,122$120,605$117,219$113,959$110,819$103,177
4 years$92,164$88,657$85,306$82,101$79,037$71,679
5 years$72,994$69,508$66,201$63,062$60,083$53,030
6 years$60,218$56,759$53,500$50,431$47,541$40,800
7 years$51,096$47,666$44,459$41,462$38,664$32,236
8 years$44,258$40,859$37,704$34,781$32,075$25,959
9 years$38,942$35,575$32,475$29,626$27,012$21,203
10 years$34,692$31,357$28,312$25,538$23,016$17,508
11 years$31,216$27,916$24,926$22,226$19,794$14,580
12 years$28,322$25,056$22,121$19,495$17,153$12,226
13 years$25,876$22,643$19,764$17,211$14,958$10,308
14 years$23,780$20,582$17,758$15,278$13,112$8,730
15 years$21,966$18,802$16,033$13,625$11,545$7,422
16 years$20,380$17,250$14,536$12,200$10,203$6,329
17 years$18,982$15,887$13,227$10,962$9,047$5,411
18 years$17,740$14,680$12,075$9,879$8,044$4,636
19 years$16,631$13,605$11,054$8,926$7,170$3,980
20 years$15,634$12,643$10,145$8,084$6,404$3,422
21 years$14,733$11,776$9,331$7,337$5,731$2,946
22 years$13,915$10,993$8,600$6,671$5,137$2,539
23 years$13,169$10,281$7,941$6,075$4,611$2,191
24 years$12,487$9,633$7,344$5,541$4,145$1,892
25 years$11,860$9,040$6,802$5,061$3,730$1,635
26 years$11,282$8,496$6,308$4,627$3,360$1,413
27 years$10,748$7,996$5,858$4,235$3,029$1,223
28 years$10,252$7,534$5,446$3,880$2,733$1,058
29 years$9,792$7,108$5,068$3,558$2,468$916
30 years$9,364$6,713$4,720$3,266$2,230$794
31 years$8,963$6,346$4,401$2,999$2,016$688
32 years$8,589$6,004$4,106$2,756$1,824$596
33 years$8,238$5,686$3,834$2,535$1,650$516
34 years$7,908$5,389$3,582$2,332$1,494$448
35 years$7,598$5,112$3,349$2,147$1,353$388
36 years$7,306$4,852$3,133$1,977$1,226$337
37 years$7,030$4,608$2,932$1,822$1,111$292
38 years$6,769$4,379$2,746$1,679$1,008$253
39 years$6,523$4,164$2,573$1,548$914$220
40 years$6,289$3,962$2,411$1,428$829$191
41 years$6,067$3,771$2,261$1,318$752$165
42 years$5,856$3,592$2,121$1,216$682$144
43 years$5,656$3,422$1,990$1,122$619$125
44 years$5,465$3,262$1,868$1,036$562$108
45 years$5,284$3,111$1,754$957$510$94
46 years$5,110$2,967$1,648$884$463$81
47 years$4,945$2,832$1,548$817$421$71
48 years$4,787$2,703$1,455$755$382$61
49 years$4,636$2,582$1,367$698$347$53
50 years$4,491$2,466$1,285$645$315$46

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 $2,740 every year, while hoping to spend $54,203 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: 63/12/25 Blend
60$4,600,000$4,600,000$4,600,000$4,600,000
61$5,072,026$4,828,226$4,756,926$5,357,931
62$5,531,701$5,007,138$4,858,612$5,730,609
63$6,036,447$5,192,999$4,961,887$6,131,257
64$6,590,802$5,386,094$5,066,748$6,567,671
65$7,199,769$5,586,718$5,173,189$7,043,360
66$7,868,857$5,795,178$5,281,202$7,562,186
67$8,604,135$6,011,797$5,390,777$8,128,401
68$9,412,290$6,236,908$5,501,901$8,746,686
69$10,300,688$6,470,861$5,614,560$9,422,196
70$11,277,446$6,714,021$5,728,736$10,160,606
71$12,351,505$6,966,768$5,844,408$10,968,168
72$13,532,717$7,229,498$5,961,554$11,851,764
73$14,831,935$7,502,624$6,080,147$12,818,976
74$16,261,118$7,786,578$6,200,157$13,878,154
75$17,833,442$8,081,810$6,321,552$15,038,491
76$19,563,424$8,388,790$6,444,295$16,310,119
77$21,467,060$8,708,008$6,568,346$17,704,192
78$23,561,974$9,039,974$6,693,660$19,233,000
79$25,867,585$9,385,223$6,820,187$20,910,079
80$28,405,291$9,744,311$6,947,876$22,750,342
81$31,198,668$10,117,819$7,076,667$24,770,215
82$34,273,695$10,506,355$7,206,498$26,987,794
83$37,658,997$10,910,551$7,337,300$29,423,015
84$41,386,114$11,331,068$7,469,000$32,097,840
85$45,489,804$11,768,597$7,601,517$35,036,465
86$50,008,363$12,223,857$7,734,767$38,265,547
87$54,983,990$12,697,600$7,868,656$41,814,455
88$60,463,187$13,190,612$8,003,086$45,715,546
89$66,497,194$13,703,714$8,137,950$50,004,469
90$73,142,471$14,237,760$8,273,136$54,720,504
91$80,461,238$14,793,645$8,408,521$59,906,926
92$88,522,054$15,372,303$8,543,975$65,611,418
93$97,400,466$15,974,708$8,679,362$71,886,517
94$107,179,726$16,601,881$8,814,532$78,790,112
95$117,951,568$17,254,883$8,949,329$86,385,984
96$129,817,083$17,934,828$9,083,587$94,744,414
97$142,887,666$18,642,875$9,217,127$103,942,839
98$157,286,070$19,380,237$9,349,763$114,066,586
99$173,147,562$20,148,182$9,481,293$125,209,674
100$190,621,204$20,948,033$9,611,506$137,475,703