Can I retire at age 61 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$338,574$335,558$332,616$329,744$326,940$325,016
2 years$167,611$164,489$161,464$158,531$155,686$153,744
3 years$110,631$107,496$104,478$101,572$98,773$96,875
4 years$82,146$79,021$76,033$73,177$70,446$68,605
5 years$65,060$61,953$59,005$56,207$53,552$51,774
6 years$53,673$50,589$47,685$44,949$42,374$40,662
7 years$45,542$42,485$39,626$36,955$34,461$32,815
8 years$39,447$36,417$33,606$31,001$28,589$27,009
9 years$34,709$31,708$28,945$26,406$24,076$22,562
10 years$30,921$27,949$25,235$22,762$20,514$19,065
11 years$27,823$24,881$22,216$19,810$17,643$16,258
12 years$25,244$22,332$19,716$17,376$15,289$13,967
13 years$23,063$20,182$17,615$15,340$13,332$12,072
14 years$21,195$18,345$15,827$13,617$11,687$10,487
15 years$19,578$16,758$14,290$12,144$10,290$9,149
16 years$18,165$15,375$12,956$10,874$9,094$8,010
17 years$16,918$14,160$11,790$9,770$8,064$7,035
18 years$15,812$13,085$10,762$8,805$7,170$6,195
19 years$14,823$12,127$9,852$7,956$6,391$5,467
20 years$13,935$11,269$9,042$7,206$5,708$4,835
21 years$13,132$10,496$8,317$6,540$5,108$4,283
22 years$12,402$9,798$7,665$5,946$4,579$3,800
23 years$11,738$9,164$7,078$5,415$4,110$3,375
24 years$11,129$8,586$6,546$4,939$3,694$3,002
25 years$10,570$8,057$6,062$4,510$3,324$2,673
26 years$10,055$7,573$5,623$4,124$2,994$2,381
27 years$9,579$7,127$5,221$3,775$2,700$2,124
28 years$9,138$6,716$4,854$3,459$2,436$1,895
29 years$8,728$6,335$4,517$3,172$2,200$1,693
30 years$8,346$5,983$4,207$2,911$1,988$1,512
31 years$7,989$5,656$3,922$2,673$1,797$1,352
32 years$7,655$5,352$3,660$2,457$1,625$1,209
33 years$7,342$5,068$3,417$2,259$1,471$1,082
34 years$7,049$4,803$3,193$2,079$1,332$968
35 years$6,772$4,556$2,985$1,914$1,206$867
36 years$6,512$4,324$2,792$1,762$1,093$776
37 years$6,266$4,107$2,614$1,624$991$695
38 years$6,034$3,903$2,447$1,497$898$623
39 years$5,814$3,712$2,293$1,380$814$558
40 years$5,605$3,531$2,149$1,273$739$500
41 years$5,408$3,361$2,015$1,174$670$448
42 years$5,220$3,201$1,890$1,084$608$402
43 years$5,041$3,050$1,774$1,000$552$361
44 years$4,871$2,907$1,665$924$501$323
45 years$4,709$2,773$1,563$853$455$290
46 years$4,555$2,645$1,468$788$413$260
47 years$4,408$2,524$1,380$728$375$233
48 years$4,267$2,410$1,296$673$341$209
49 years$4,132$2,301$1,219$622$309$188
50 years$4,003$2,198$1,146$575$281$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,100,000, adding $4,090 every year, while hoping to spend $42,874 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: 62/14/24 Blend
60$4,100,000$4,100,000$4,100,000$4,100,000
61$4,522,419$4,305,119$4,241,569$4,773,896
62$4,938,088$4,470,452$4,338,044$5,110,003
63$5,394,718$4,642,450$4,436,314$5,471,738
64$5,896,443$4,821,393$4,536,393$5,865,755
65$6,447,814$5,007,575$4,638,297$6,295,213
66$7,053,849$5,201,304$4,742,037$6,763,585
67$7,720,072$5,402,898$4,847,626$7,274,699
68$8,452,572$5,612,693$4,955,074$7,832,765
69$9,258,056$5,831,036$5,064,390$8,442,420
70$10,143,913$6,058,294$5,175,584$9,108,769
71$11,118,287$6,294,845$5,288,661$9,837,431
72$12,190,148$6,541,087$5,403,626$10,634,597
73$13,369,378$6,797,436$5,520,483$11,507,080
74$14,666,869$7,064,325$5,639,233$12,462,386
75$16,094,620$7,342,206$5,759,877$13,508,779
76$17,665,850$7,631,553$5,882,412$14,655,362
77$19,395,127$7,932,860$6,006,834$15,912,158
78$21,298,503$8,246,643$6,133,136$17,290,209
79$23,393,663$8,573,441$6,261,308$18,801,676
80$25,700,095$8,913,818$6,391,340$20,459,953
81$28,239,271$9,268,361$6,523,216$22,279,795
82$31,034,853$9,637,687$6,656,921$24,277,454
83$34,112,912$10,022,439$6,792,432$26,470,833
84$37,502,177$10,423,286$6,929,726$28,879,653
85$41,234,305$10,840,933$7,068,778$31,525,640
86$45,344,177$11,276,111$7,209,555$34,432,727
87$49,870,231$11,729,589$7,352,023$37,627,280
88$54,854,822$12,202,166$7,496,143$41,138,346
89$60,344,624$12,694,682$7,641,873$44,997,927
90$66,391,065$13,208,011$7,789,166$49,241,279
91$73,050,819$13,743,069$7,937,968$53,907,244
92$80,386,335$14,300,812$8,088,223$59,038,618
93$88,466,431$14,882,241$8,239,868$64,682,550
94$97,366,938$15,488,402$8,392,835$70,890,989
95$107,171,420$16,120,389$8,547,049$77,721,171
96$117,971,961$16,779,344$8,702,431$85,236,160
97$129,870,032$17,466,462$8,858,894$93,505,440
98$142,977,451$18,182,995$9,016,343$102,605,569
99$157,417,439$18,930,250$9,174,678$112,620,904
100$173,325,779$19,709,593$9,333,791$123,644,393