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%11%
1 years$396,380$392,849$389,404$386,042$382,759$381,146
2 years$196,227$192,573$189,031$185,597$182,266$180,638
3 years$129,519$125,849$122,316$118,914$115,637$114,044
4 years$96,171$92,512$89,014$85,671$82,473$80,927
5 years$76,168$72,531$69,079$65,803$62,695$61,201
6 years$62,836$59,227$55,826$52,623$49,608$48,168
7 years$53,318$49,738$46,392$43,265$40,345$38,959
8 years$46,182$42,635$39,344$36,294$33,470$32,139
9 years$40,635$37,121$33,887$30,914$28,187$26,910
10 years$36,200$32,721$29,543$26,648$24,016$22,793
11 years$32,574$29,129$26,009$23,192$20,655$19,485
12 years$29,554$26,145$23,083$20,342$17,899$16,781
13 years$27,001$23,627$20,623$17,959$15,608$14,541
14 years$24,814$21,477$18,530$15,942$13,682$12,665
15 years$22,921$19,619$16,730$14,218$12,047$11,078
16 years$21,266$18,000$15,168$12,730$10,647$9,726
17 years$19,807$16,578$13,802$11,438$9,440$8,565
18 years$18,512$15,318$12,600$10,308$8,394$7,563
19 years$17,354$14,197$11,534$9,314$7,482$6,694
20 years$16,314$13,193$10,586$8,436$6,683$5,937
21 years$15,373$12,288$9,737$7,656$5,980$5,274
22 years$14,520$11,471$8,974$6,961$5,361$4,693
23 years$13,742$10,728$8,286$6,340$4,812$4,182
24 years$13,029$10,052$7,663$5,782$4,325$3,730
25 years$12,375$9,433$7,098$5,281$3,892$3,331
26 years$11,772$8,866$6,583$4,828$3,506$2,978
27 years$11,215$8,344$6,113$4,419$3,161$2,664
28 years$10,698$7,862$5,682$4,049$2,852$2,385
29 years$10,218$7,417$5,288$3,713$2,575$2,137
30 years$9,771$7,005$4,926$3,408$2,327$1,915
31 years$9,353$6,622$4,592$3,130$2,104$1,718
32 years$8,962$6,265$4,284$2,876$1,903$1,541
33 years$8,596$5,933$4,000$2,645$1,722$1,383
34 years$8,252$5,624$3,738$2,434$1,559$1,242
35 years$7,928$5,334$3,494$2,240$1,412$1,116
36 years$7,624$5,063$3,269$2,063$1,280$1,003
37 years$7,336$4,808$3,060$1,901$1,160$901
38 years$7,064$4,570$2,865$1,752$1,051$810
39 years$6,806$4,345$2,684$1,616$953$728
40 years$6,562$4,134$2,516$1,490$865$655
41 years$6,331$3,935$2,359$1,375$785$589
42 years$6,111$3,748$2,213$1,269$712$530
43 years$5,902$3,571$2,077$1,171$646$477
44 years$5,703$3,404$1,949$1,082$586$429
45 years$5,513$3,246$1,830$999$532$386
46 years$5,333$3,096$1,719$923$483$348
47 years$5,160$2,955$1,615$852$439$313
48 years$4,995$2,821$1,518$788$399$282
49 years$4,837$2,694$1,427$728$362$254
50 years$4,686$2,573$1,341$673$329$228

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 $5,781 every year, while hoping to spend $52,660 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: 45/43/12 Blend
60$4,800,000$4,800,000$4,800,000$4,800,000
61$5,295,563$5,041,163$4,966,763$5,515,542
62$5,779,681$5,232,150$5,077,120$5,859,852
63$6,311,413$5,430,731$5,189,409$6,227,163
64$6,895,562$5,637,221$5,303,638$6,624,280
65$7,537,416$5,851,952$5,419,817$7,053,976
66$8,242,803$6,075,267$5,537,951$7,519,296
67$9,018,140$6,307,527$5,658,044$8,023,587
68$9,870,501$6,549,107$5,780,099$8,570,526
69$10,807,677$6,800,398$5,904,117$9,164,153
70$11,838,252$7,061,809$6,030,097$9,808,910
71$12,971,684$7,333,768$6,158,035$10,509,679
72$14,218,392$7,616,719$6,287,926$11,271,827
73$15,589,859$7,911,129$6,419,762$12,101,257
74$17,098,732$8,217,482$6,553,532$13,004,460
75$18,758,949$8,536,285$6,689,222$13,988,575
76$20,585,868$8,868,069$6,826,816$15,061,453
77$22,596,407$9,213,385$6,966,295$16,231,733
78$24,809,211$9,572,811$7,107,637$17,508,918
79$27,244,822$9,946,950$7,250,814$18,903,463
80$29,925,875$10,336,432$7,395,798$20,426,874
81$32,877,311$10,741,914$7,542,554$22,091,812
82$36,126,612$11,164,084$7,691,045$23,912,210
83$39,704,060$11,603,657$7,841,228$25,903,403
84$43,643,023$12,061,385$7,993,058$28,082,272
85$47,980,268$12,538,049$8,146,481$30,467,396
86$52,756,310$13,034,468$8,301,443$33,079,229
87$58,015,792$13,551,496$8,457,881$35,940,288
88$63,807,910$14,090,027$8,615,727$39,075,362
89$70,186,871$14,650,992$8,774,908$42,511,746
90$77,212,409$15,235,367$8,935,344$46,279,491
91$84,950,345$15,844,170$9,096,948$50,411,687
92$93,473,212$16,478,467$9,259,628$54,944,772
93$102,860,936$17,139,368$9,423,282$59,918,872
94$113,201,593$17,828,038$9,587,803$65,378,173
95$124,592,234$18,545,691$9,753,074$71,371,339
96$137,139,810$19,293,598$9,918,969$77,951,963
97$150,962,172$20,073,086$10,085,356$85,179,071
98$166,189,189$20,885,543$10,252,092$93,117,673
99$182,963,972$21,732,420$10,419,022$101,839,374
100$201,444,222$22,615,233$10,585,984$111,423,042