Can I retire at age 61 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$396,380$392,849$389,404$386,042$382,759$374,419
2 years$196,227$192,573$189,031$185,597$182,266$173,906
3 years$129,519$125,849$122,316$118,914$115,637$107,517
4 years$96,171$92,512$89,014$85,671$82,473$74,656
5 years$76,168$72,531$69,079$65,803$62,695$55,203
6 years$62,836$59,227$55,826$52,623$49,608$42,450
7 years$53,318$49,738$46,392$43,265$40,345$33,521
8 years$46,182$42,635$39,344$36,294$33,470$26,978
9 years$40,635$37,121$33,887$30,914$28,187$22,022
10 years$36,200$32,721$29,543$26,648$24,016$18,173
11 years$32,574$29,129$26,009$23,192$20,655$15,124
12 years$29,554$26,145$23,083$20,342$17,899$12,673
13 years$27,001$23,627$20,623$17,959$15,608$10,678
14 years$24,814$21,477$18,530$15,942$13,682$9,038
15 years$22,921$19,619$16,730$14,218$12,047$7,678
16 years$21,266$18,000$15,168$12,730$10,647$6,543
17 years$19,807$16,578$13,802$11,438$9,440$5,590
18 years$18,512$15,318$12,600$10,308$8,394$4,786
19 years$17,354$14,197$11,534$9,314$7,482$4,105
20 years$16,314$13,193$10,586$8,436$6,683$3,527
21 years$15,373$12,288$9,737$7,656$5,980$3,034
22 years$14,520$11,471$8,974$6,961$5,361$2,613
23 years$13,742$10,728$8,286$6,340$4,812$2,253
24 years$13,029$10,052$7,663$5,782$4,325$1,944
25 years$12,375$9,433$7,098$5,281$3,892$1,678
26 years$11,772$8,866$6,583$4,828$3,506$1,450
27 years$11,215$8,344$6,113$4,419$3,161$1,253
28 years$10,698$7,862$5,682$4,049$2,852$1,084
29 years$10,218$7,417$5,288$3,713$2,575$938
30 years$9,771$7,005$4,926$3,408$2,327$811
31 years$9,353$6,622$4,592$3,130$2,104$702
32 years$8,962$6,265$4,284$2,876$1,903$608
33 years$8,596$5,933$4,000$2,645$1,722$527
34 years$8,252$5,624$3,738$2,434$1,559$456
35 years$7,928$5,334$3,494$2,240$1,412$395
36 years$7,624$5,063$3,269$2,063$1,280$343
37 years$7,336$4,808$3,060$1,901$1,160$297
38 years$7,064$4,570$2,865$1,752$1,051$257
39 years$6,806$4,345$2,684$1,616$953$223
40 years$6,562$4,134$2,516$1,490$865$193
41 years$6,331$3,935$2,359$1,375$785$168
42 years$6,111$3,748$2,213$1,269$712$145
43 years$5,902$3,571$2,077$1,171$646$126
44 years$5,703$3,404$1,949$1,082$586$109
45 years$5,513$3,246$1,830$999$532$95
46 years$5,333$3,096$1,719$923$483$82
47 years$5,160$2,955$1,615$852$439$71
48 years$4,995$2,821$1,518$788$399$62
49 years$4,837$2,694$1,427$728$362$54
50 years$4,686$2,573$1,341$673$329$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,800,000, adding $3,091 every year, while hoping to spend $42,316 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: 42/34/24 Blend
60$4,800,000$4,800,000$4,800,000$4,800,000
61$5,292,788$5,038,388$4,963,988$5,477,758
62$5,787,629$5,240,246$5,085,258$5,812,120
63$6,331,525$5,450,575$5,209,172$6,169,705
64$6,929,435$5,669,748$5,335,774$6,556,113
65$7,586,824$5,898,152$5,465,109$6,974,023
66$8,309,709$6,136,191$5,597,219$7,426,376
67$9,104,723$6,384,288$5,732,150$7,916,404
68$9,979,173$6,642,886$5,869,944$8,447,656
69$10,941,107$6,912,447$6,010,647$9,024,034
70$11,999,398$7,193,454$6,154,301$9,649,828
71$13,163,816$7,486,412$6,300,949$10,329,752
72$14,445,130$7,791,851$6,450,636$11,068,988
73$15,855,204$8,110,323$6,603,403$11,873,235
74$17,407,110$8,442,404$6,759,293$12,748,762
75$19,115,254$8,788,700$6,918,347$13,702,460
76$20,995,505$9,149,842$7,080,607$14,741,910
77$23,065,353$9,526,491$7,246,114$15,875,454
78$25,344,067$9,919,337$7,414,907$17,112,266
79$27,852,880$10,329,102$7,587,024$18,462,442
80$30,615,189$10,756,544$7,762,505$19,937,089
81$33,656,775$11,202,452$7,941,386$21,548,431
82$37,006,046$11,667,652$8,123,703$23,309,921
83$40,694,306$12,153,010$8,309,490$25,236,364
84$44,756,048$12,659,430$8,498,781$27,344,056
85$49,229,282$13,187,859$8,691,607$29,650,935
86$54,155,892$13,739,287$8,887,998$32,176,747
87$59,582,030$14,314,749$9,087,983$34,943,231
88$65,558,554$14,915,330$9,291,588$37,974,319
89$72,141,508$15,542,162$9,498,838$41,296,360
90$79,392,646$16,196,432$9,709,753$44,938,366
91$87,380,021$16,879,382$9,924,355$48,932,281
92$96,178,622$17,592,310$10,142,659$53,313,282
93$105,871,083$18,336,576$10,364,680$58,120,104
94$116,548,467$19,113,601$10,590,430$63,395,403
95$128,311,117$19,924,874$10,819,916$69,186,157
96$141,269,611$20,771,953$11,053,143$75,544,102
97$155,545,800$21,656,468$11,290,112$82,526,217
98$171,273,962$22,580,124$11,530,821$90,195,260
99$188,602,064$23,544,708$11,775,261$98,620,351
100$207,693,164$24,552,089$12,023,423$107,877,624