Can I retire at age 61 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$388,122$384,664$381,291$377,999$374,785$365,576
2 years$192,139$188,561$185,093$181,730$178,469$169,248
3 years$126,821$123,227$119,767$116,436$113,228$104,283
4 years$94,168$90,585$87,160$83,886$80,755$72,156
5 years$74,581$71,019$67,640$64,432$61,389$53,158
6 years$61,527$57,993$54,663$51,527$48,575$40,721
7 years$52,207$48,702$45,425$42,363$39,504$32,029
8 years$45,220$41,747$38,524$35,538$32,773$25,672
9 years$39,788$36,348$33,181$30,270$27,599$20,868
10 years$35,446$32,039$28,928$26,093$23,516$17,146
11 years$31,895$28,522$25,468$22,709$20,225$14,207
12 years$28,938$25,600$22,602$19,919$17,526$11,850
13 years$26,438$23,135$20,193$17,585$15,283$9,938
14 years$24,297$21,029$18,144$15,610$13,397$8,371
15 years$22,443$19,211$16,381$13,922$11,796$7,077
16 years$20,823$17,625$14,852$12,465$10,425$6,000
17 years$19,394$16,232$13,515$11,200$9,244$5,101
18 years$18,126$14,999$12,337$10,093$8,219$4,345
19 years$16,993$13,901$11,294$9,120$7,326$3,708
20 years$15,974$12,918$10,365$8,260$6,544$3,168
21 years$15,053$12,032$9,534$7,497$5,856$2,711
22 years$14,217$11,232$8,787$6,816$5,249$2,322
23 years$13,455$10,505$8,113$6,208$4,712$1,991
24 years$12,758$9,842$7,503$5,662$4,235$1,708
25 years$12,117$9,237$6,950$5,171$3,811$1,467
26 years$11,527$8,681$6,445$4,728$3,433$1,260
27 years$10,981$8,170$5,985$4,327$3,095$1,083
28 years$10,475$7,698$5,564$3,965$2,793$931
29 years$10,005$7,262$5,178$3,636$2,522$801
30 years$9,567$6,859$4,823$3,337$2,278$689
31 years$9,158$6,484$4,496$3,065$2,060$593
32 years$8,776$6,135$4,195$2,816$1,863$511
33 years$8,417$5,810$3,917$2,590$1,686$440
34 years$8,080$5,506$3,660$2,383$1,527$379
35 years$7,763$5,223$3,422$2,194$1,383$326
36 years$7,465$4,957$3,201$2,020$1,253$281
37 years$7,183$4,708$2,996$1,861$1,136$242
38 years$6,917$4,474$2,806$1,716$1,030$209
39 years$6,664$4,255$2,629$1,582$934$180
40 years$6,426$4,048$2,464$1,459$847$155
41 years$6,199$3,853$2,310$1,346$768$133
42 years$5,984$3,670$2,167$1,242$697$115
43 years$5,779$3,497$2,033$1,147$633$99
44 years$5,584$3,333$1,909$1,059$574$85
45 years$5,399$3,178$1,792$978$521$74
46 years$5,222$3,032$1,683$903$473$63
47 years$5,053$2,893$1,581$835$430$55
48 years$4,891$2,762$1,486$771$390$47
49 years$4,737$2,638$1,397$713$355$41
50 years$4,589$2,520$1,313$659$322$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,700,000, adding $4,170 every year, while hoping to spend $50,575 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: 37/35/28 Blend
60$4,700,000$4,700,000$4,700,000$4,700,000
61$5,183,701$4,934,601$4,861,751$5,331,958
62$5,658,627$5,122,585$4,970,809$5,629,917
63$6,180,301$5,318,086$5,081,824$5,946,637
64$6,753,437$5,521,417$5,194,810$6,287,789
65$7,383,229$5,732,908$5,309,778$6,655,614
66$8,075,399$5,952,902$5,426,737$7,052,576
67$8,836,252$6,181,756$5,545,695$7,481,377
68$9,672,733$6,419,845$5,666,659$7,944,990
69$10,592,493$6,667,558$5,789,633$8,446,678
70$11,603,962$6,925,304$5,914,620$8,990,030
71$12,716,429$7,193,507$6,041,623$9,578,990
72$13,940,127$7,472,610$6,170,639$10,217,892
73$15,286,330$7,763,079$6,301,666$10,911,503
74$16,767,462$8,065,396$6,434,698$11,665,066
75$18,397,210$8,380,067$6,569,727$12,484,344
76$20,190,656$8,707,620$6,706,743$13,375,677
77$22,164,416$9,048,607$6,845,733$14,346,040
78$24,336,801$9,403,603$6,986,679$15,403,106
79$26,727,985$9,773,210$7,129,563$16,555,315
80$29,360,197$10,158,055$7,274,362$17,811,956
81$32,257,934$10,558,796$7,421,049$19,183,249
82$35,448,183$10,976,117$7,569,594$20,680,444
83$38,960,686$11,410,736$7,719,964$22,315,918
84$42,828,214$11,863,399$7,872,120$24,103,299
85$47,086,875$12,334,889$8,026,020$26,057,585
86$51,776,461$12,826,023$8,181,616$28,195,285
87$56,940,816$13,337,655$8,338,856$30,534,576
88$62,628,255$13,870,676$8,497,684$33,095,469
89$68,892,016$14,426,018$8,658,036$35,899,996
90$75,790,765$15,004,656$8,819,843$38,972,414
91$83,389,147$15,607,608$8,983,031$42,339,435
92$91,758,397$16,235,938$9,147,520$46,030,472
93$100,977,012$16,890,758$9,313,221$50,077,914
94$111,131,493$17,573,231$9,480,039$54,517,431
95$122,317,158$18,284,572$9,647,873$59,388,304
96$134,639,044$19,026,051$9,816,613$64,733,797
97$148,212,897$19,798,998$9,986,139$70,601,558
98$163,166,263$20,604,800$10,156,326$77,044,065
99$179,639,696$21,444,909$10,327,037$84,119,122
100$197,788,079$22,320,844$10,498,127$91,890,396