Can I retire at age 61 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$346,832$343,743$340,729$337,787$334,914$331,003
2 years$171,699$168,501$165,402$162,397$159,483$155,547
3 years$113,329$110,117$107,026$104,050$101,182$97,343
4 years$84,150$80,948$77,888$74,962$72,164$68,451
5 years$66,647$63,464$60,444$57,578$54,858$51,282
6 years$54,982$51,823$48,848$46,046$43,407$39,972
7 years$46,653$43,521$40,593$37,857$35,302$32,010
8 years$40,409$37,306$34,426$31,757$29,286$26,137
9 years$35,556$32,481$29,651$27,050$24,663$21,655
10 years$31,675$28,631$25,850$23,317$21,014$18,145
11 years$28,502$25,488$22,758$20,293$18,073$15,341
12 years$25,860$22,877$20,197$17,800$15,662$13,063
13 years$23,626$20,674$18,045$15,714$13,657$11,189
14 years$21,712$18,792$16,214$13,950$11,972$9,631
15 years$20,056$17,167$14,639$12,441$10,541$8,323
16 years$18,608$15,750$13,272$11,139$9,316$7,218
17 years$17,331$14,505$12,077$10,008$8,260$6,278
18 years$16,198$13,404$11,025$9,020$7,345$5,473
19 years$15,185$12,422$10,093$8,150$6,547$4,782
20 years$14,274$11,543$9,263$7,381$5,847$4,186
21 years$13,452$10,752$8,520$6,699$5,233$3,670
22 years$12,705$10,037$7,852$6,091$4,690$3,222
23 years$12,024$9,387$7,250$5,547$4,210$2,832
24 years$11,401$8,795$6,705$5,059$3,784$2,491
25 years$10,828$8,254$6,210$4,621$3,405$2,194
26 years$10,301$7,757$5,760$4,225$3,067$1,934
27 years$9,813$7,301$5,348$3,867$2,766$1,705
28 years$9,361$6,879$4,972$3,543$2,495$1,505
29 years$8,941$6,490$4,627$3,249$2,253$1,329
30 years$8,549$6,129$4,310$2,982$2,036$1,174
31 years$8,184$5,794$4,018$2,739$1,841$1,037
32 years$7,842$5,482$3,749$2,517$1,665$917
33 years$7,522$5,192$3,500$2,314$1,507$811
34 years$7,221$4,921$3,270$2,129$1,364$718
35 years$6,937$4,667$3,058$1,960$1,236$635
36 years$6,671$4,430$2,860$1,805$1,120$562
37 years$6,419$4,207$2,677$1,663$1,015$497
38 years$6,181$3,998$2,507$1,533$920$440
39 years$5,956$3,802$2,349$1,414$834$390
40 years$5,742$3,617$2,202$1,304$757$345
41 years$5,540$3,443$2,064$1,203$687$306
42 years$5,347$3,279$1,937$1,110$623$271
43 years$5,164$3,125$1,817$1,025$565$240
44 years$4,990$2,978$1,706$946$513$213
45 years$4,824$2,840$1,602$874$466$188
46 years$4,666$2,709$1,504$807$423$167
47 years$4,515$2,586$1,413$746$384$148
48 years$4,371$2,468$1,328$689$349$131
49 years$4,233$2,357$1,248$637$317$116
50 years$4,101$2,252$1,174$589$288$103

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,200,000, adding $5,549 every year, while hoping to spend $47,974 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: 53/37/10 Blend
60$4,200,000$4,200,000$4,200,000$4,200,000
61$4,634,124$4,411,524$4,346,424$4,867,622
62$5,055,760$4,576,644$4,440,985$5,192,032
63$5,518,796$4,748,248$4,537,106$5,539,133
64$6,027,403$4,926,602$4,634,789$5,915,635
65$6,586,177$5,111,984$4,734,033$6,324,331
66$7,200,181$5,304,686$4,834,837$6,768,291
67$7,874,994$5,505,009$4,937,198$7,250,890
68$8,616,759$5,713,271$5,041,111$7,775,840
69$9,432,248$5,929,801$5,146,568$8,347,221
70$10,328,919$6,154,943$5,253,560$8,969,524
71$11,314,990$6,389,056$5,362,075$9,647,686
72$12,399,515$6,632,516$5,472,100$10,387,139
73$13,592,469$6,885,712$5,583,618$11,193,859
74$14,904,842$7,149,053$5,696,611$12,074,423
75$16,348,744$7,422,966$5,811,056$13,036,067
76$17,937,519$7,707,893$5,926,929$14,086,752
77$19,685,866$8,004,300$6,044,201$15,235,244
78$21,609,984$8,312,671$6,162,842$16,491,187
79$23,727,721$8,633,510$6,282,816$17,865,199
80$26,058,743$8,967,347$6,404,085$19,368,967
81$28,624,720$9,314,732$6,526,606$21,015,356
82$31,449,527$9,676,240$6,650,334$22,818,532
83$34,559,476$10,052,472$6,775,217$24,794,088
84$37,983,555$10,444,056$6,901,199$26,959,194
85$41,753,709$10,851,646$7,028,221$29,332,756
86$45,905,137$11,275,927$7,156,216$31,935,592
87$50,476,627$11,717,613$7,285,115$34,790,625
88$55,510,917$12,177,450$7,414,840$37,923,100
89$61,055,103$12,656,218$7,545,310$41,360,817
90$67,161,082$13,154,731$7,676,436$45,134,396
91$73,886,039$13,673,839$7,808,123$49,277,555
92$81,292,989$14,214,431$7,940,270$53,827,434
93$89,451,371$14,777,436$8,072,766$58,824,939
94$98,437,702$15,363,822$8,205,495$64,315,125
95$108,336,302$15,974,603$8,338,333$70,347,620
96$119,240,084$16,610,838$8,471,147$76,977,089
97$131,251,437$17,273,633$8,603,795$84,263,748
98$144,483,187$17,964,145$8,736,125$92,273,928
99$159,059,664$18,683,580$8,867,978$101,080,699
100$175,117,877$19,433,203$8,999,182$110,764,552