Can I retire at age 61 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$363,348$360,111$356,954$353,872$350,862$343,077
2 years$179,875$176,525$173,278$170,131$167,077$159,274
3 years$118,726$115,361$112,123$109,004$106,001$98,424
4 years$88,157$84,803$81,597$78,531$75,601$68,308
5 years$69,820$66,486$63,322$60,320$57,470$50,482
6 years$57,600$54,291$51,174$48,238$45,474$38,798
7 years$48,875$45,594$42,526$39,659$36,983$30,620
8 years$42,334$39,082$36,065$33,269$30,681$24,629
9 years$37,249$34,028$31,063$28,338$25,838$20,092
10 years$33,183$29,994$27,081$24,428$22,015$16,570
11 years$29,859$26,702$23,842$21,259$18,934$13,782
12 years$27,091$23,966$21,159$18,647$16,407$11,541
13 years$24,751$21,658$18,904$16,463$14,308$9,718
14 years$22,746$19,687$16,986$14,614$12,542$8,219
15 years$21,011$17,984$15,336$13,033$11,043$6,977
16 years$19,494$16,500$13,904$11,670$9,760$5,942
17 years$18,156$15,196$12,652$10,485$8,654$5,073
18 years$16,969$14,042$11,550$9,449$7,694$4,340
19 years$15,908$13,014$10,573$8,538$6,858$3,720
20 years$14,954$12,093$9,704$7,733$6,126$3,194
21 years$14,092$11,264$8,925$7,018$5,482$2,745
22 years$13,310$10,515$8,226$6,381$4,914$2,363
23 years$12,597$9,834$7,595$5,811$4,411$2,035
24 years$11,944$9,214$7,024$5,300$3,965$1,755
25 years$11,344$8,647$6,506$4,841$3,568$1,514
26 years$10,791$8,127$6,034$4,426$3,214$1,307
27 years$10,280$7,648$5,603$4,051$2,897$1,129
28 years$9,807$7,207$5,209$3,712$2,614$975
29 years$9,367$6,799$4,847$3,404$2,361$843
30 years$8,956$6,421$4,515$3,124$2,133$729
31 years$8,574$6,070$4,209$2,869$1,928$630
32 years$8,216$5,743$3,927$2,637$1,744$545
33 years$7,880$5,439$3,667$2,425$1,579$472
34 years$7,564$5,155$3,426$2,231$1,429$409
35 years$7,268$4,889$3,203$2,054$1,295$354
36 years$6,988$4,641$2,997$1,891$1,173$306
37 years$6,724$4,408$2,805$1,743$1,063$265
38 years$6,475$4,189$2,627$1,606$964$230
39 years$6,239$3,983$2,461$1,481$874$199
40 years$6,015$3,790$2,306$1,366$793$172
41 years$5,803$3,607$2,163$1,260$719$149
42 years$5,602$3,436$2,029$1,163$653$129
43 years$5,410$3,273$1,904$1,074$592$112
44 years$5,228$3,120$1,787$991$538$97
45 years$5,054$2,975$1,678$916$488$84
46 years$4,888$2,838$1,576$846$443$73
47 years$4,730$2,709$1,481$781$402$63
48 years$4,579$2,586$1,391$722$365$55
49 years$4,434$2,469$1,308$667$332$47
50 years$4,296$2,359$1,229$617$301$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,400,000, adding $5,552 every year, while hoping to spend $36,179 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: 83/10/7 Blend
60$4,400,000$4,400,000$4,400,000$4,400,000
61$4,854,527$4,621,327$4,553,127$5,253,888
62$5,311,194$4,809,278$4,667,162$5,703,614
63$5,813,230$5,005,226$4,783,806$6,191,910
64$6,365,221$5,209,524$4,903,106$6,726,972
65$6,972,226$5,422,543$5,025,112$7,313,466
66$7,639,815$5,644,669$5,149,875$7,956,532
67$8,374,125$5,876,307$5,277,444$8,661,830
68$9,181,919$6,117,879$5,407,872$9,435,593
69$10,070,647$6,369,827$5,541,208$10,284,687
70$11,048,518$6,632,614$5,677,504$11,216,672
71$12,124,579$6,906,724$5,816,812$12,239,877
72$13,308,794$7,192,662$5,959,184$13,363,474
73$14,612,147$7,490,958$6,104,672$14,597,566
74$16,046,735$7,802,165$6,253,328$15,953,284
75$17,625,893$8,126,861$6,405,205$17,442,886
76$19,364,309$8,465,653$6,560,355$19,079,876
77$21,278,173$8,819,174$6,718,830$20,879,132
78$23,385,319$9,188,086$6,880,684$22,857,040
79$25,705,403$9,573,084$7,045,968$25,031,655
80$28,260,081$9,974,892$7,214,735$27,422,865
81$31,073,217$10,394,269$7,387,037$30,052,581
82$34,171,108$10,832,011$7,562,924$32,944,941
83$37,582,728$11,288,946$7,742,450$36,126,541
84$41,340,008$11,765,946$7,925,663$39,626,681
85$45,478,131$12,263,920$8,112,616$43,477,640
86$50,035,868$12,783,820$8,303,356$47,714,984
87$55,055,942$13,326,643$8,497,934$52,377,898
88$60,585,431$13,893,431$8,696,397$57,509,556
89$66,676,212$14,485,276$8,898,794$63,157,526
90$73,385,451$15,103,320$9,105,168$69,374,219
91$80,776,142$15,748,758$9,315,567$76,217,382
92$88,917,704$16,422,842$9,530,034$83,750,644
93$97,886,630$17,126,882$9,748,610$92,044,111
94$107,767,216$17,862,248$9,971,338$101,175,032
95$118,652,349$18,630,376$10,198,255$111,228,522
96$130,644,392$19,432,768$10,429,400$122,298,367
97$143,856,143$20,270,996$10,664,808$134,487,908
98$158,411,902$21,146,708$10,904,512$147,911,012
99$174,448,645$22,061,625$11,148,542$162,693,149
100$192,117,316$23,017,554$11,396,927$178,972,573