Can I retire at age 61 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$404,637$401,033$397,517$394,084$390,733$381,752
2 years$200,316$196,585$192,969$189,464$186,063$177,065
3 years$132,217$128,470$124,864$121,391$118,046$109,311
4 years$98,175$94,439$90,869$87,456$84,192$75,787
5 years$77,754$74,042$70,518$67,174$64,001$55,951
6 years$64,145$60,461$56,989$53,720$50,642$42,955
7 years$54,429$50,775$47,358$44,166$41,185$33,862
8 years$47,144$43,523$40,163$37,050$34,167$27,205
9 years$41,482$37,895$34,593$31,558$28,774$22,167
10 years$36,954$33,402$30,159$27,203$24,517$18,259
11 years$33,252$29,736$26,551$23,675$21,085$15,167
12 years$30,170$26,690$23,564$20,766$18,272$12,684
13 years$27,563$24,120$21,053$18,334$15,934$10,666
14 years$25,331$21,924$18,916$16,274$13,967$9,009
15 years$23,398$20,028$17,078$14,514$12,298$7,637
16 years$21,709$18,375$15,484$12,996$10,869$6,494
17 years$20,220$16,923$14,090$11,676$9,637$5,536
18 years$18,897$15,638$12,862$10,523$8,569$4,730
19 years$17,716$14,493$11,775$9,508$7,638$4,048
20 years$16,654$13,467$10,806$8,612$6,822$3,470
21 years$15,694$12,544$9,940$7,816$6,105$2,978
22 years$14,822$11,710$9,161$7,106$5,472$2,559
23 years$14,028$10,952$8,459$6,472$4,912$2,201
24 years$13,301$10,261$7,823$5,903$4,415$1,895
25 years$12,633$9,630$7,245$5,391$3,973$1,632
26 years$12,017$9,050$6,720$4,929$3,579$1,407
27 years$11,448$8,517$6,240$4,512$3,227$1,213
28 years$10,921$8,026$5,801$4,134$2,911$1,046
29 years$10,431$7,571$5,398$3,791$2,629$903
30 years$9,974$7,150$5,028$3,479$2,375$780
31 years$9,548$6,760$4,688$3,195$2,148$673
32 years$9,149$6,396$4,374$2,936$1,943$581
33 years$8,775$6,057$4,084$2,700$1,758$502
34 years$8,424$5,741$3,816$2,484$1,592$434
35 years$8,094$5,445$3,567$2,287$1,442$375
36 years$7,782$5,168$3,337$2,106$1,306$324
37 years$7,489$4,908$3,123$1,941$1,184$280
38 years$7,211$4,665$2,925$1,789$1,073$242
39 years$6,948$4,436$2,740$1,649$973$209
40 years$6,699$4,220$2,569$1,521$883$181
41 years$6,463$4,017$2,408$1,404$801$157
42 years$6,238$3,826$2,259$1,295$727$135
43 years$6,025$3,645$2,120$1,196$660$117
44 years$5,822$3,475$1,990$1,104$599$101
45 years$5,628$3,314$1,869$1,020$544$88
46 years$5,444$3,161$1,755$942$493$76
47 years$5,268$3,017$1,649$870$448$66
48 years$5,099$2,880$1,549$804$407$57
49 years$4,938$2,750$1,456$743$370$49
50 years$4,784$2,627$1,369$687$336$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,900,000, adding $5,601 every year, while hoping to spend $43,663 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: 22/48/30 Blend
60$4,900,000$4,900,000$4,900,000$4,900,000
61$5,405,577$5,145,877$5,069,927$5,473,188
62$5,910,489$5,351,568$5,193,313$5,740,349
63$6,465,439$5,565,875$5,319,368$6,021,964
64$7,075,483$5,789,173$5,448,137$6,322,308
65$7,746,196$6,021,855$5,579,663$6,642,942
66$8,483,715$6,264,333$5,713,988$6,985,576
67$9,294,804$6,517,035$5,851,157$7,352,080
68$10,186,915$6,780,411$5,991,212$7,744,498
69$11,168,259$7,054,930$6,134,197$8,165,072
70$12,247,882$7,341,082$6,280,153$8,616,254
71$13,435,750$7,639,380$6,429,123$9,100,733
72$14,742,847$7,950,360$6,581,148$9,621,454
73$16,181,273$8,274,582$6,736,272$10,181,646
74$17,764,359$8,612,633$6,894,533$10,784,850
75$19,506,797$8,965,126$7,055,973$11,434,947
76$21,424,773$9,332,700$7,220,632$12,136,197
77$23,536,124$9,716,026$7,388,547$12,893,274
78$25,860,502$10,115,805$7,559,757$13,711,307
79$28,419,564$10,532,770$7,734,299$14,595,927
80$31,237,170$10,967,687$7,912,209$15,553,317
81$34,339,615$11,421,357$8,093,521$16,590,265
82$37,755,871$11,894,618$8,278,269$17,714,227
83$41,517,864$12,388,349$8,466,486$18,933,397
84$45,660,773$12,903,465$8,658,200$20,256,774
85$50,223,364$13,440,927$8,853,442$21,694,248
86$55,248,353$14,001,738$9,052,238$23,256,690
87$60,782,810$14,586,949$9,254,613$24,956,048
88$66,878,605$15,197,657$9,460,591$26,805,457
89$73,592,892$15,835,012$9,670,190$28,819,360
90$80,988,656$16,500,217$9,883,431$31,013,638
91$89,135,301$17,194,529$10,100,327$33,405,754
92$98,109,306$17,919,265$10,320,893$36,014,919
93$107,994,949$18,675,803$10,545,136$38,862,261
94$118,885,101$19,465,584$10,773,065$41,971,023
95$130,882,099$20,290,116$11,004,681$45,366,778
96$144,098,719$21,150,978$11,239,984$49,077,660
97$158,659,234$22,049,821$11,478,969$53,134,629
98$174,700,588$22,988,374$11,721,627$57,571,754
99$192,373,691$23,968,448$11,967,944$62,426,529
100$211,844,841$24,991,934$12,217,903$67,740,218