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%18.4%
1 years$396,380$392,849$389,404$386,042$382,759$369,767
2 years$196,227$192,573$189,031$185,597$182,266$169,307
3 years$129,519$125,849$122,316$118,914$115,637$103,118
4 years$96,171$92,512$89,014$85,671$82,473$70,490
5 years$76,168$72,531$69,079$65,803$62,695$51,279
6 years$62,836$59,227$55,826$52,623$49,608$38,769
7 years$53,318$49,738$46,392$43,265$40,345$30,080
8 years$46,182$42,635$39,344$36,294$33,470$23,772
9 years$40,635$37,121$33,887$30,914$28,187$19,044
10 years$36,200$32,721$29,543$26,648$24,016$15,414
11 years$32,574$29,129$26,009$23,192$20,655$12,576
12 years$29,554$26,145$23,083$20,342$17,899$10,325
13 years$27,001$23,627$20,623$17,959$15,608$8,519
14 years$24,814$21,477$18,530$15,942$13,682$7,058
15 years$22,921$19,619$16,730$14,218$12,047$5,867
16 years$21,266$18,000$15,168$12,730$10,647$4,889
17 years$19,807$16,578$13,802$11,438$9,440$4,084
18 years$18,512$15,318$12,600$10,308$8,394$3,417
19 years$17,354$14,197$11,534$9,314$7,482$2,864
20 years$16,314$13,193$10,586$8,436$6,683$2,403
21 years$15,373$12,288$9,737$7,656$5,980$2,019
22 years$14,520$11,471$8,974$6,961$5,361$1,697
23 years$13,742$10,728$8,286$6,340$4,812$1,428
24 years$13,029$10,052$7,663$5,782$4,325$1,202
25 years$12,375$9,433$7,098$5,281$3,892$1,012
26 years$11,772$8,866$6,583$4,828$3,506$853
27 years$11,215$8,344$6,113$4,419$3,161$719
28 years$10,698$7,862$5,682$4,049$2,852$606
29 years$10,218$7,417$5,288$3,713$2,575$511
30 years$9,771$7,005$4,926$3,408$2,327$431
31 years$9,353$6,622$4,592$3,130$2,104$364
32 years$8,962$6,265$4,284$2,876$1,903$307
33 years$8,596$5,933$4,000$2,645$1,722$259
34 years$8,252$5,624$3,738$2,434$1,559$219
35 years$7,928$5,334$3,494$2,240$1,412$185
36 years$7,624$5,063$3,269$2,063$1,280$156
37 years$7,336$4,808$3,060$1,901$1,160$132
38 years$7,064$4,570$2,865$1,752$1,051$111
39 years$6,806$4,345$2,684$1,616$953$94
40 years$6,562$4,134$2,516$1,490$865$79
41 years$6,331$3,935$2,359$1,375$785$67
42 years$6,111$3,748$2,213$1,269$712$57
43 years$5,902$3,571$2,077$1,171$646$48
44 years$5,703$3,404$1,949$1,082$586$40
45 years$5,513$3,246$1,830$999$532$34
46 years$5,333$3,096$1,719$923$483$29
47 years$5,160$2,955$1,615$852$439$24
48 years$4,995$2,821$1,518$788$399$21
49 years$4,837$2,694$1,427$728$362$17
50 years$4,686$2,573$1,341$673$329$15

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 $2,994 every year, while hoping to spend $33,561 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: 28/42/30 Blend
60$4,800,000$4,800,000$4,800,000$4,800,000
61$5,292,688$5,038,288$4,963,888$5,391,752
62$5,796,834$5,249,456$5,094,470$5,683,130
63$6,351,277$5,469,846$5,228,301$5,992,870
64$6,961,114$5,699,874$5,365,456$6,324,980
65$7,631,957$5,939,978$5,506,008$6,681,409
66$8,369,992$6,190,612$5,650,034$7,064,290
67$9,182,033$6,452,253$5,797,612$7,475,959
68$10,075,588$6,725,402$5,948,820$7,918,978
69$11,058,931$7,010,580$6,103,739$8,396,155
70$12,141,178$7,308,334$6,262,449$8,910,569
71$13,332,372$7,619,236$6,425,036$9,465,596
72$14,643,581$7,943,886$6,591,581$10,064,942
73$16,086,999$8,282,909$6,762,173$10,712,673
74$17,676,065$8,636,963$6,936,897$11,413,251
75$19,425,582$9,006,733$7,115,842$12,171,574
76$21,351,867$9,392,939$7,299,098$12,993,021
77$23,472,897$9,796,332$7,486,757$13,883,500
78$25,808,481$10,217,701$7,678,912$14,849,498
79$28,380,447$10,657,869$7,875,656$15,898,143
80$31,212,847$11,117,700$8,077,086$17,037,266
81$34,332,187$11,598,096$8,283,297$18,275,475
82$37,767,672$12,100,004$8,494,389$19,622,228
83$41,551,484$12,624,414$8,710,461$21,087,923
84$45,719,088$13,172,363$8,931,614$22,683,990
85$50,309,562$13,744,936$9,157,950$24,422,998
86$55,365,969$14,343,270$9,389,573$26,318,768
87$60,935,762$14,968,554$9,626,588$28,386,497
88$67,071,231$15,622,035$9,869,100$30,642,904
89$73,829,999$16,305,016$10,117,217$33,106,375
90$81,275,562$17,018,866$10,371,047$35,797,139
91$89,477,892$17,765,013$10,630,700$38,737,452
92$98,514,095$18,544,957$10,896,287$41,951,799
93$108,469,139$19,360,265$11,167,918$45,467,124
94$119,436,655$20,212,582$11,445,708$49,313,078
95$131,519,823$21,103,628$11,729,768$53,522,290
96$144,832,345$22,035,205$12,020,215$58,130,674
97$159,499,514$23,009,201$12,317,162$63,177,758
98$175,659,405$24,027,591$12,620,727$68,707,054
99$193,464,168$25,092,448$12,931,026$74,766,458
100$213,081,475$26,205,939$13,248,176$81,408,698