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%13.6%
1 years$396,380$392,849$389,404$386,042$382,759$377,039
2 years$196,227$192,573$189,031$185,597$182,266$176,516
3 years$129,519$125,849$122,316$118,914$115,637$110,036
4 years$96,171$92,512$89,014$85,671$82,473$77,065
5 years$76,168$72,531$69,079$65,803$62,695$57,494
6 years$62,836$59,227$55,826$52,623$49,608$44,621
7 years$53,318$49,738$46,392$43,265$40,345$35,573
8 years$46,182$42,635$39,344$36,294$33,470$28,913
9 years$40,635$37,121$33,887$30,914$28,187$23,842
10 years$36,200$32,721$29,543$26,648$24,016$19,881
11 years$32,574$29,129$26,009$23,192$20,655$16,725
12 years$29,554$26,145$23,083$20,342$17,899$14,169
13 years$27,001$23,627$20,623$17,959$15,608$12,074
14 years$24,814$21,477$18,530$15,942$13,682$10,337
15 years$22,921$19,619$16,730$14,218$12,047$8,885
16 years$21,266$18,000$15,168$12,730$10,647$7,662
17 years$19,807$16,578$13,802$11,438$9,440$6,626
18 years$18,512$15,318$12,600$10,308$8,394$5,744
19 years$17,354$14,197$11,534$9,314$7,482$4,990
20 years$16,314$13,193$10,586$8,436$6,683$4,342
21 years$15,373$12,288$9,737$7,656$5,980$3,784
22 years$14,520$11,471$8,974$6,961$5,361$3,301
23 years$13,742$10,728$8,286$6,340$4,812$2,884
24 years$13,029$10,052$7,663$5,782$4,325$2,522
25 years$12,375$9,433$7,098$5,281$3,892$2,207
26 years$11,772$8,866$6,583$4,828$3,506$1,933
27 years$11,215$8,344$6,113$4,419$3,161$1,694
28 years$10,698$7,862$5,682$4,049$2,852$1,485
29 years$10,218$7,417$5,288$3,713$2,575$1,303
30 years$9,771$7,005$4,926$3,408$2,327$1,143
31 years$9,353$6,622$4,592$3,130$2,104$1,004
32 years$8,962$6,265$4,284$2,876$1,903$881
33 years$8,596$5,933$4,000$2,645$1,722$774
34 years$8,252$5,624$3,738$2,434$1,559$680
35 years$7,928$5,334$3,494$2,240$1,412$598
36 years$7,624$5,063$3,269$2,063$1,280$526
37 years$7,336$4,808$3,060$1,901$1,160$462
38 years$7,064$4,570$2,865$1,752$1,051$406
39 years$6,806$4,345$2,684$1,616$953$357
40 years$6,562$4,134$2,516$1,490$865$314
41 years$6,331$3,935$2,359$1,375$785$277
42 years$6,111$3,748$2,213$1,269$712$243
43 years$5,902$3,571$2,077$1,171$646$214
44 years$5,703$3,404$1,949$1,082$586$188
45 years$5,513$3,246$1,830$999$532$166
46 years$5,333$3,096$1,719$923$483$146
47 years$5,160$2,955$1,615$852$439$128
48 years$4,995$2,821$1,518$788$399$113
49 years$4,837$2,694$1,427$728$362$99
50 years$4,686$2,573$1,341$673$329$87

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 $4,277 every year, while hoping to spend $29,519 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: 66/6/28 Blend
60$4,800,000$4,800,000$4,800,000$4,800,000
61$5,294,012$5,039,612$4,965,212$5,604,115
62$5,802,593$5,255,145$5,100,138$6,029,480
63$6,362,060$5,480,249$5,238,596$6,490,705
64$6,977,572$5,715,364$5,380,671$6,994,373
65$7,654,814$5,960,946$5,526,453$7,544,672
66$8,400,049$6,217,476$5,676,033$8,146,214
67$9,220,178$6,485,456$5,829,503$8,804,077
68$10,122,804$6,765,412$5,986,960$9,523,852
69$11,116,307$7,057,894$6,148,500$10,311,697
70$12,209,917$7,363,478$6,314,222$11,174,390
71$13,413,808$7,682,768$6,484,228$12,119,397
72$14,739,188$8,016,395$6,658,621$13,154,941
73$16,198,408$8,365,021$6,837,507$14,290,077
74$17,805,076$8,729,337$7,020,994$15,534,777
75$19,574,190$9,110,070$7,209,193$16,900,027
76$21,522,272$9,507,979$7,402,216$18,397,925
77$23,667,531$9,923,857$7,600,178$20,041,799
78$26,030,031$10,358,538$7,803,196$21,846,326
79$28,631,882$10,812,894$8,011,390$23,827,677
80$31,497,444$11,287,836$8,224,882$26,003,665
81$34,653,565$11,784,322$8,443,798$28,393,912
82$38,129,828$12,303,352$8,668,263$31,020,032
83$41,958,829$12,845,975$8,898,409$33,905,840
84$46,176,490$13,413,289$9,134,367$37,077,569
85$50,822,396$14,006,444$9,376,272$40,564,121
86$55,940,165$14,626,645$9,624,262$44,397,336
87$61,577,864$15,275,153$9,878,477$48,612,295
88$67,788,460$15,953,289$10,139,059$53,247,646
89$74,630,321$16,662,438$10,406,156$58,345,971
90$82,167,766$17,404,050$10,679,914$63,954,185
91$90,471,673$18,179,643$10,960,486$70,123,978
92$99,620,146$18,990,808$11,248,025$76,912,302
93$109,699,255$19,839,211$11,542,688$84,381,907
94$120,803,846$20,726,599$11,844,634$92,601,934
95$133,038,435$21,654,800$12,154,027$101,648,561
96$146,518,200$22,625,729$12,471,031$111,605,728
97$161,370,061$23,641,394$12,795,815$122,565,921
98$177,733,882$24,703,897$13,128,549$134,631,049
99$195,763,791$25,815,442$13,469,409$147,913,402
100$215,629,634$26,978,335$13,818,571$162,536,708