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%19.8%
1 years$388,122$384,664$381,291$377,999$374,785$360,057
2 years$192,139$188,561$185,093$181,730$178,469$163,811
3 years$126,821$123,227$119,767$116,436$113,228$99,102
4 years$94,168$90,585$87,160$83,886$80,755$67,268
5 years$74,581$71,019$67,640$64,432$61,389$48,575
6 years$61,527$57,993$54,663$51,527$48,575$36,443
7 years$52,207$48,702$45,425$42,363$39,504$28,050
8 years$45,220$41,747$38,524$35,538$32,773$21,984
9 years$39,788$36,348$33,181$30,270$27,599$17,461
10 years$35,446$32,039$28,928$26,093$23,516$14,008
11 years$31,895$28,522$25,468$22,709$20,225$11,325
12 years$28,938$25,600$22,602$19,919$17,526$9,211
13 years$26,438$23,135$20,193$17,585$15,283$7,528
14 years$24,297$21,029$18,144$15,610$13,397$6,176
15 years$22,443$19,211$16,381$13,922$11,796$5,083
16 years$20,823$17,625$14,852$12,465$10,425$4,193
17 years$19,394$16,232$13,515$11,200$9,244$3,466
18 years$18,126$14,999$12,337$10,093$8,219$2,870
19 years$16,993$13,901$11,294$9,120$7,326$2,380
20 years$15,974$12,918$10,365$8,260$6,544$1,976
21 years$15,053$12,032$9,534$7,497$5,856$1,642
22 years$14,217$11,232$8,787$6,816$5,249$1,365
23 years$13,455$10,505$8,113$6,208$4,712$1,136
24 years$12,758$9,842$7,503$5,662$4,235$946
25 years$12,117$9,237$6,950$5,171$3,811$788
26 years$11,527$8,681$6,445$4,728$3,433$656
27 years$10,981$8,170$5,985$4,327$3,095$547
28 years$10,475$7,698$5,564$3,965$2,793$456
29 years$10,005$7,262$5,178$3,636$2,522$380
30 years$9,567$6,859$4,823$3,337$2,278$317
31 years$9,158$6,484$4,496$3,065$2,060$265
32 years$8,776$6,135$4,195$2,816$1,863$221
33 years$8,417$5,810$3,917$2,590$1,686$184
34 years$8,080$5,506$3,660$2,383$1,527$154
35 years$7,763$5,223$3,422$2,194$1,383$128
36 years$7,465$4,957$3,201$2,020$1,253$107
37 years$7,183$4,708$2,996$1,861$1,136$89
38 years$6,917$4,474$2,806$1,716$1,030$74
39 years$6,664$4,255$2,629$1,582$934$62
40 years$6,426$4,048$2,464$1,459$847$52
41 years$6,199$3,853$2,310$1,346$768$43
42 years$5,984$3,670$2,167$1,242$697$36
43 years$5,779$3,497$2,033$1,147$633$30
44 years$5,584$3,333$1,909$1,059$574$25
45 years$5,399$3,178$1,792$978$521$21
46 years$5,222$3,032$1,683$903$473$18
47 years$5,053$2,893$1,581$835$430$15
48 years$4,891$2,762$1,486$771$390$12
49 years$4,737$2,638$1,397$713$355$10
50 years$4,589$2,520$1,313$659$322$9

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 $5,852 every year, while hoping to spend $36,749 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: 40/30/30 Blend
60$4,700,000$4,700,000$4,700,000$4,700,000
61$5,185,436$4,936,336$4,863,486$5,346,734
62$5,675,250$5,139,116$4,987,312$5,667,809
63$6,213,793$5,350,601$5,114,055$6,011,131
64$6,805,998$5,571,177$5,243,773$6,381,892
65$7,457,296$5,801,252$5,376,526$6,782,635
66$8,173,675$6,041,248$5,512,375$7,216,150
67$8,961,731$6,291,610$5,651,380$7,685,504
68$9,828,729$6,552,801$5,793,604$8,194,064
69$10,782,679$6,825,307$5,939,108$8,745,534
70$11,832,400$7,109,635$6,087,957$9,343,980
71$12,987,615$7,406,317$6,240,213$9,993,875
72$14,259,034$7,715,909$6,395,942$10,700,135
73$15,658,457$8,038,990$6,555,208$11,468,166
74$17,198,889$8,376,171$6,718,077$12,303,910
75$18,894,659$8,728,086$6,884,616$13,213,905
76$20,761,554$9,095,401$7,054,890$14,205,341
77$22,816,970$9,478,814$7,228,967$15,286,126
78$25,080,078$9,879,053$7,406,914$16,464,960
79$27,572,000$10,296,880$7,588,799$17,751,415
80$30,316,011$10,733,094$7,774,691$19,156,025
81$33,337,758$11,188,531$7,964,658$20,690,377
82$36,665,504$11,664,063$8,158,768$22,367,227
83$40,330,389$12,160,606$8,357,091$24,200,610
84$44,366,731$12,679,117$8,559,695$26,205,977
85$48,812,342$13,220,599$8,766,650$28,400,333
86$53,708,892$13,786,100$8,978,024$30,802,397
87$59,102,298$14,376,717$9,193,886$33,432,776
88$65,043,157$14,993,600$9,414,306$36,314,156
89$71,587,224$15,637,952$9,639,351$39,471,514
90$78,795,941$16,311,032$9,869,089$42,932,352
91$86,737,012$17,014,158$10,103,588$46,726,948
92$95,485,044$17,748,709$10,342,916$50,888,646
93$105,122,253$18,516,130$10,587,138$55,454,161
94$115,739,236$19,317,933$10,836,320$60,463,924
95$127,435,828$20,155,701$11,090,526$65,962,462
96$140,322,045$21,031,093$11,349,822$71,998,812
97$154,519,121$21,945,844$11,614,268$78,626,978
98$170,160,651$22,901,771$11,883,926$85,906,441
99$187,393,856$23,900,776$12,158,856$93,902,714
100$206,380,968$24,944,852$12,439,116$102,687,952