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

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$330,316$327,374$324,503$321,702$318,966$313,424
2 years$163,523$160,477$157,526$154,664$151,888$146,323
3 years$107,932$104,874$101,930$99,095$96,364$90,949
4 years$80,143$77,093$74,179$71,392$68,728$63,504
5 years$63,473$60,442$57,566$54,836$52,246$47,228
6 years$52,364$49,356$46,522$43,853$41,340$36,535
7 years$44,431$41,449$38,660$36,054$33,621$29,029
8 years$38,485$35,529$32,787$30,245$27,892$23,513
9 years$33,863$30,935$28,239$25,762$23,489$19,320
10 years$30,167$27,267$24,619$22,207$20,014$16,051
11 years$27,145$24,274$21,675$19,327$17,212$13,452
12 years$24,628$21,787$19,236$16,952$14,916$11,353
13 years$22,501$19,689$17,186$14,966$13,007$9,635
14 years$20,678$17,897$15,441$13,285$11,402$8,216
15 years$19,101$16,349$13,942$11,848$10,039$7,033
16 years$17,722$15,000$12,640$10,609$8,873$6,040
17 years$16,506$13,815$11,502$9,532$7,867$5,201
18 years$15,426$12,765$10,500$8,590$6,995$4,489
19 years$14,462$11,831$9,612$7,762$6,235$3,882
20 years$13,595$10,994$8,821$7,030$5,569$3,363
21 years$12,811$10,240$8,114$6,380$4,984$2,917
22 years$12,100$9,559$7,478$5,801$4,467$2,534
23 years$11,451$8,940$6,905$5,283$4,010$2,203
24 years$10,858$8,376$6,386$4,818$3,604$1,918
25 years$10,313$7,861$5,915$4,400$3,243$1,670
26 years$9,810$7,388$5,486$4,024$2,921$1,456
27 years$9,346$6,953$5,094$3,683$2,634$1,270
28 years$8,915$6,552$4,735$3,374$2,377$1,108
29 years$8,515$6,181$4,407$3,094$2,146$967
30 years$8,142$5,837$4,105$2,840$1,939$845
31 years$7,794$5,518$3,827$2,608$1,753$738
32 years$7,469$5,221$3,570$2,397$1,586$645
33 years$7,163$4,945$3,334$2,204$1,435$564
34 years$6,877$4,686$3,115$2,028$1,299$493
35 years$6,607$4,445$2,912$1,867$1,177$431
36 years$6,353$4,219$2,724$1,719$1,066$377
37 years$6,113$4,007$2,550$1,584$966$330
38 years$5,886$3,808$2,388$1,460$876$288
39 years$5,672$3,621$2,237$1,346$795$252
40 years$5,469$3,445$2,097$1,242$721$221
41 years$5,276$3,279$1,966$1,146$654$193
42 years$5,093$3,123$1,844$1,057$593$169
43 years$4,918$2,976$1,731$976$538$148
44 years$4,753$2,837$1,624$901$489$130
45 years$4,595$2,705$1,525$832$444$113
46 years$4,444$2,580$1,433$769$403$99
47 years$4,300$2,462$1,346$710$366$87
48 years$4,163$2,351$1,265$656$332$76
49 years$4,031$2,245$1,189$607$302$67
50 years$3,905$2,144$1,118$561$274$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,000,000, adding $3,263 every year, while hoping to spend $33,549 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: 48/45/7 Blend
60$4,000,000$4,000,000$4,000,000$4,000,000
61$4,411,366$4,199,366$4,137,366$4,614,817
62$4,825,629$4,369,439$4,240,272$4,924,539
63$5,281,023$4,546,721$4,345,500$5,256,806
64$5,781,707$4,731,530$4,453,095$5,616,756
65$6,332,265$4,924,199$4,563,097$6,006,974
66$6,937,745$5,125,074$4,675,550$6,430,298
67$7,603,712$5,334,519$4,790,497$6,889,845
68$8,336,294$5,552,914$4,907,982$7,389,041
69$9,142,245$5,780,656$5,028,049$7,931,648
70$10,029,006$6,018,160$5,150,741$8,521,802
71$11,004,776$6,265,861$5,276,101$9,164,047
72$12,078,587$6,524,212$5,404,175$9,863,380
73$13,260,394$6,793,690$5,535,006$10,625,293
74$14,561,164$7,074,790$5,668,639$11,455,825
75$15,992,981$7,368,033$5,805,116$12,361,618
76$17,569,161$7,673,963$5,944,483$13,349,973
77$19,304,375$7,993,146$6,086,783$14,428,925
78$21,214,791$8,326,180$6,232,060$15,607,308
79$23,318,221$8,673,685$6,380,356$16,894,843
80$25,634,297$9,036,313$6,531,715$18,302,222
81$28,184,648$9,414,744$6,686,180$19,841,213
82$30,993,107$9,809,692$6,843,792$21,524,762
83$34,085,939$10,221,902$7,004,594$23,367,116
84$37,492,082$10,652,152$7,168,625$25,383,955
85$41,243,428$11,101,261$7,335,928$27,592,535
86$45,375,116$11,570,082$7,506,540$30,011,851
87$49,925,870$12,059,507$7,680,500$32,662,810
88$54,938,358$12,570,473$7,857,847$35,568,426
89$60,459,602$13,103,958$8,038,617$38,754,038
90$66,541,416$13,660,986$8,222,844$42,247,537
91$73,240,895$14,242,628$8,410,564$46,079,635
92$80,620,956$14,850,007$8,601,808$50,284,144
93$88,750,933$15,484,297$8,796,608$54,898,295
94$97,707,226$16,146,726$8,994,993$59,963,083
95$107,574,028$16,838,580$9,196,990$65,523,653
96$118,444,115$17,561,207$9,402,625$71,629,716
97$130,419,723$18,316,014$9,611,921$78,336,019
98$143,613,514$19,104,478$9,824,899$85,702,853
99$158,149,637$19,928,142$10,041,578$93,796,619
100$174,164,903$20,788,623$10,261,973$102,690,448