Can I retire at age 61 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$379,864$376,480$373,179$369,957$366,810$362,227
2 years$188,051$184,549$181,155$177,864$174,672$170,060
3 years$124,122$120,605$117,219$113,959$110,819$106,322
4 years$92,164$88,657$85,306$82,101$79,037$74,689
5 years$72,994$69,508$66,201$63,062$60,083$55,897
6 years$60,218$56,759$53,500$50,431$47,541$43,523
7 years$51,096$47,666$44,459$41,462$38,664$34,814
8 years$44,258$40,859$37,704$34,781$32,075$28,394
9 years$38,942$35,575$32,475$29,626$27,012$23,497
10 years$34,692$31,357$28,312$25,538$23,016$19,665
11 years$31,216$27,916$24,926$22,226$19,794$16,605
12 years$28,322$25,056$22,121$19,495$17,153$14,122
13 years$25,876$22,643$19,764$17,211$14,958$12,080
14 years$23,780$20,582$17,758$15,278$13,112$10,384
15 years$21,966$18,802$16,033$13,625$11,545$8,962
16 years$20,380$17,250$14,536$12,200$10,203$7,761
17 years$18,982$15,887$13,227$10,962$9,047$6,740
18 years$17,740$14,680$12,075$9,879$8,044$5,868
19 years$16,631$13,605$11,054$8,926$7,170$5,120
20 years$15,634$12,643$10,145$8,084$6,404$4,475
21 years$14,733$11,776$9,331$7,337$5,731$3,917
22 years$13,915$10,993$8,600$6,671$5,137$3,434
23 years$13,169$10,281$7,941$6,075$4,611$3,013
24 years$12,487$9,633$7,344$5,541$4,145$2,647
25 years$11,860$9,040$6,802$5,061$3,730$2,328
26 years$11,282$8,496$6,308$4,627$3,360$2,048
27 years$10,748$7,996$5,858$4,235$3,029$1,804
28 years$10,252$7,534$5,446$3,880$2,733$1,589
29 years$9,792$7,108$5,068$3,558$2,468$1,401
30 years$9,364$6,713$4,720$3,266$2,230$1,235
31 years$8,963$6,346$4,401$2,999$2,016$1,090
32 years$8,589$6,004$4,106$2,756$1,824$962
33 years$8,238$5,686$3,834$2,535$1,650$849
34 years$7,908$5,389$3,582$2,332$1,494$750
35 years$7,598$5,112$3,349$2,147$1,353$663
36 years$7,306$4,852$3,133$1,977$1,226$585
37 years$7,030$4,608$2,932$1,822$1,111$517
38 years$6,769$4,379$2,746$1,679$1,008$457
39 years$6,523$4,164$2,573$1,548$914$404
40 years$6,289$3,962$2,411$1,428$829$357
41 years$6,067$3,771$2,261$1,318$752$316
42 years$5,856$3,592$2,121$1,216$682$279
43 years$5,656$3,422$1,990$1,122$619$247
44 years$5,465$3,262$1,868$1,036$562$219
45 years$5,284$3,111$1,754$957$510$193
46 years$5,110$2,967$1,648$884$463$171
47 years$4,945$2,832$1,548$817$421$151
48 years$4,787$2,703$1,455$755$382$134
49 years$4,636$2,582$1,367$698$347$118
50 years$4,491$2,466$1,285$645$315$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,600,000, adding $6,405 every year, while hoping to spend $40,587 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: 59/11/30 Blend
60$4,600,000$4,600,000$4,600,000$4,600,000
61$5,075,807$4,832,007$4,760,707$5,333,311
62$5,550,355$5,025,591$4,877,006$5,704,014
63$6,071,946$5,227,300$4,995,841$6,103,365
64$6,645,337$5,437,490$5,117,254$6,538,177
65$7,275,767$5,656,532$5,241,287$7,011,910
66$7,969,007$5,884,814$5,367,982$7,528,377
67$8,731,417$6,122,742$5,497,382$8,091,773
68$9,570,006$6,370,740$5,629,528$8,706,714
69$10,492,491$6,629,251$5,764,462$9,378,286
70$11,507,380$6,898,740$5,902,226$10,112,084
71$12,624,044$7,179,689$6,042,862$10,914,272
72$13,852,810$7,472,607$6,186,411$11,791,634
73$15,205,055$7,778,023$6,332,914$12,751,642
74$16,693,316$8,096,491$6,482,412$13,802,524
75$18,331,405$8,428,591$6,634,944$14,953,340
76$20,134,544$8,774,927$6,790,550$16,214,068
77$22,119,503$9,136,134$6,949,269$17,595,698
78$24,304,762$9,512,874$7,111,139$19,110,333
79$26,710,683$9,905,840$7,276,198$20,771,304
80$29,359,703$10,315,757$7,444,481$22,593,295
81$32,276,546$10,743,382$7,616,024$24,592,478
82$35,488,455$11,189,509$7,790,862$26,786,670
83$39,025,448$11,654,967$7,969,027$29,195,493
84$42,920,607$12,140,622$8,150,552$31,840,566
85$47,210,380$12,647,384$8,335,467$34,745,702
86$51,934,934$13,176,201$8,523,800$37,937,136
87$57,138,529$13,728,067$8,715,579$41,443,766
88$62,869,937$14,304,020$8,910,829$45,297,433
89$69,182,901$14,905,148$9,109,573$49,533,211
90$76,136,646$15,532,589$9,311,832$54,189,745
91$83,796,430$16,187,532$9,517,625$59,309,609
92$92,234,169$16,871,225$9,726,969$64,939,710
93$101,529,108$17,584,968$9,939,876$71,131,725
94$111,768,573$18,330,128$10,156,358$77,942,593
95$123,048,794$19,108,130$10,376,422$85,435,049
96$135,475,811$19,920,469$10,600,073$93,678,212
97$149,166,480$20,768,708$10,827,311$102,748,240
98$164,249,569$21,654,483$11,058,134$112,729,044
99$180,866,979$22,579,506$11,292,535$123,713,080
100$199,175,079$23,545,570$11,530,503$135,802,221