Can I retire at age 61 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$371,606$368,296$365,066$361,914$358,836$354,941
2 years$183,963$180,537$177,217$173,997$170,874$166,953
3 years$121,424$117,983$114,671$111,482$108,410$104,583
4 years$90,160$86,730$83,451$80,316$77,319$73,616
5 years$71,407$67,997$64,761$61,691$58,776$55,209
6 years$58,909$55,525$52,337$49,334$46,508$43,080
7 years$49,985$46,630$43,492$40,561$37,823$34,537
8 years$43,296$39,970$36,885$34,025$31,378$28,232
9 years$38,095$34,801$31,769$28,982$26,425$23,419
10 years$33,937$30,676$27,697$24,983$22,515$19,647
11 years$30,538$27,309$24,384$21,742$19,364$16,631
12 years$27,707$24,511$21,640$19,071$16,780$14,180
13 years$25,313$22,151$19,334$16,837$14,633$12,162
14 years$23,263$20,134$17,372$14,946$12,827$10,482
15 years$21,488$18,393$15,684$13,329$11,294$9,071
16 years$19,937$16,875$14,220$11,935$9,982$7,877
17 years$18,569$15,542$12,940$10,723$8,850$6,860
18 years$17,355$14,361$11,812$9,664$7,869$5,990
19 years$16,270$13,310$10,814$8,732$7,014$5,241
20 years$15,294$12,368$9,924$7,909$6,265$4,594
21 years$14,413$11,520$9,128$7,178$5,607$4,034
22 years$13,612$10,754$8,413$6,526$5,026$3,547
23 years$12,883$10,058$7,768$5,943$4,511$3,122
24 years$12,215$9,424$7,184$5,421$4,055$2,751
25 years$11,602$8,844$6,654$4,951$3,649$2,427
26 years$11,036$8,311$6,171$4,527$3,287$2,142
27 years$10,514$7,822$5,731$4,143$2,963$1,892
28 years$10,030$7,371$5,327$3,796$2,674$1,673
29 years$9,579$6,953$4,957$3,481$2,414$1,479
30 years$9,160$6,567$4,618$3,195$2,181$1,309
31 years$8,769$6,208$4,305$2,934$1,972$1,159
32 years$8,402$5,874$4,017$2,697$1,784$1,026
33 years$8,059$5,563$3,750$2,480$1,615$909
34 years$7,736$5,272$3,504$2,282$1,462$805
35 years$7,433$5,000$3,276$2,100$1,324$714
36 years$7,147$4,746$3,065$1,934$1,200$633
37 years$6,877$4,508$2,868$1,782$1,087$561
38 years$6,622$4,284$2,686$1,643$986$498
39 years$6,381$4,074$2,517$1,515$894$441
40 years$6,152$3,876$2,359$1,397$811$392
41 years$5,935$3,689$2,212$1,289$736$347
42 years$5,729$3,514$2,075$1,190$667$308
43 years$5,533$3,348$1,947$1,098$606$274
44 years$5,347$3,191$1,828$1,014$550$243
45 years$5,169$3,043$1,716$936$499$215
46 years$4,999$2,903$1,612$865$453$191
47 years$4,838$2,770$1,514$799$412$170
48 years$4,683$2,645$1,423$738$374$151
49 years$4,535$2,525$1,337$682$339$134
50 years$4,394$2,412$1,257$631$308$119

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,500,000, adding $3,204 every year, while hoping to spend $30,717 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: 56/28/16 Blend
60$4,500,000$4,500,000$4,500,000$4,500,000
61$4,962,305$4,723,805$4,654,055$5,219,156
62$5,435,777$4,922,589$4,777,283$5,592,852
63$5,956,515$5,130,083$4,903,610$5,996,122
64$6,529,305$5,346,683$5,033,107$6,434,717
65$7,159,425$5,572,801$5,165,846$6,912,025
66$7,852,686$5,808,869$5,301,903$7,431,773
67$8,615,496$6,055,339$5,441,352$7,998,059
68$9,454,909$6,312,684$5,584,270$8,615,390
69$10,378,703$6,581,398$5,730,736$9,288,722
70$11,395,444$6,862,000$5,880,829$10,023,509
71$12,514,574$7,155,033$6,034,632$10,825,749
72$13,746,494$7,461,063$6,192,225$11,702,042
73$15,102,666$7,780,684$6,353,694$12,659,650
74$16,595,719$8,114,519$6,519,124$13,706,563
75$18,239,570$8,463,219$6,688,603$14,851,575
76$20,049,554$8,827,463$6,862,218$16,104,364
77$22,042,566$9,207,967$7,040,060$17,475,582
78$24,237,226$9,605,476$7,222,221$18,976,954
79$26,654,051$10,020,772$7,408,793$20,621,386
80$29,315,647$10,454,673$7,599,870$22,423,085
81$32,246,927$10,908,036$7,795,550$24,397,694
82$35,475,342$11,381,758$7,995,929$26,562,431
83$39,031,141$11,876,778$8,201,107$28,936,256
84$42,947,656$12,394,079$8,411,183$31,540,047
85$47,261,620$12,934,691$8,626,260$34,396,789
86$52,013,507$13,499,693$8,846,442$37,531,795
87$57,247,919$14,090,212$9,071,832$40,972,938
88$63,014,005$14,707,431$9,302,537$44,750,915
89$69,365,927$15,352,589$9,538,665$48,899,531
90$76,363,366$16,026,980$9,780,325$53,456,015
91$84,072,091$16,731,964$10,027,627$58,461,371
92$92,564,575$17,468,960$10,280,683$63,960,762
93$101,920,681$18,239,460$10,539,607$70,003,928
94$112,228,419$19,045,021$10,804,511$76,645,658
95$123,584,767$19,887,277$11,075,512$83,946,300
96$136,096,599$20,767,939$11,352,727$91,972,328
97$149,881,682$21,688,798$11,636,274$100,796,965
98$165,069,796$22,651,731$11,926,271$110,500,873
99$181,803,952$23,658,703$12,222,838$121,172,904
100$200,241,750$24,711,774$12,526,098$132,910,939