Can I retire at age 61 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$404,637$401,033$397,517$394,084$390,733$383,944
2 years$200,316$196,585$192,969$189,464$186,063$179,246
3 years$132,217$128,470$124,864$121,391$118,046$111,412
4 years$98,175$94,439$90,869$87,456$84,192$77,792
5 years$77,754$74,042$70,518$67,174$64,001$57,855
6 years$64,145$60,461$56,989$53,720$50,642$44,755
7 years$54,429$50,775$47,358$44,166$41,185$35,561
8 years$47,144$43,523$40,163$37,050$34,167$28,803
9 years$41,482$37,895$34,593$31,558$28,774$23,667
10 years$36,954$33,402$30,159$27,203$24,517$19,663
11 years$33,252$29,736$26,551$23,675$21,085$16,479
12 years$30,170$26,690$23,564$20,766$18,272$13,907
13 years$27,563$24,120$21,053$18,334$15,934$11,803
14 years$25,331$21,924$18,916$16,274$13,967$10,065
15 years$23,398$20,028$17,078$14,514$12,298$8,616
16 years$21,709$18,375$15,484$12,996$10,869$7,399
17 years$20,220$16,923$14,090$11,676$9,637$6,371
18 years$18,897$15,638$12,862$10,523$8,569$5,499
19 years$17,716$14,493$11,775$9,508$7,638$4,756
20 years$16,654$13,467$10,806$8,612$6,822$4,120
21 years$15,694$12,544$9,940$7,816$6,105$3,574
22 years$14,822$11,710$9,161$7,106$5,472$3,104
23 years$14,028$10,952$8,459$6,472$4,912$2,699
24 years$13,301$10,261$7,823$5,903$4,415$2,349
25 years$12,633$9,630$7,245$5,391$3,973$2,046
26 years$12,017$9,050$6,720$4,929$3,579$1,783
27 years$11,448$8,517$6,240$4,512$3,227$1,555
28 years$10,921$8,026$5,801$4,134$2,911$1,357
29 years$10,431$7,571$5,398$3,791$2,629$1,185
30 years$9,974$7,150$5,028$3,479$2,375$1,035
31 years$9,548$6,760$4,688$3,195$2,148$904
32 years$9,149$6,396$4,374$2,936$1,943$790
33 years$8,775$6,057$4,084$2,700$1,758$690
34 years$8,424$5,741$3,816$2,484$1,592$604
35 years$8,094$5,445$3,567$2,287$1,442$528
36 years$7,782$5,168$3,337$2,106$1,306$462
37 years$7,489$4,908$3,123$1,941$1,184$404
38 years$7,211$4,665$2,925$1,789$1,073$353
39 years$6,948$4,436$2,740$1,649$973$309
40 years$6,699$4,220$2,569$1,521$883$270
41 years$6,463$4,017$2,408$1,404$801$237
42 years$6,238$3,826$2,259$1,295$727$207
43 years$6,025$3,645$2,120$1,196$660$181
44 years$5,822$3,475$1,990$1,104$599$159
45 years$5,628$3,314$1,869$1,020$544$139
46 years$5,444$3,161$1,755$942$493$122
47 years$5,268$3,017$1,649$870$448$106
48 years$5,099$2,880$1,549$804$407$93
49 years$4,938$2,750$1,456$743$370$82
50 years$4,784$2,627$1,369$687$336$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $4,900,000, adding $2,810 every year, while hoping to spend $28,072 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: 78/6/16 Blend
60$4,900,000$4,900,000$4,900,000$4,900,000
61$5,402,699$5,142,999$5,067,049$5,805,276
62$5,923,905$5,365,137$5,206,926$6,293,275
63$6,497,334$5,597,220$5,350,549$6,824,612
64$7,128,283$5,839,704$5,498,013$7,406,681
65$7,822,587$6,093,068$5,649,415$8,044,548
66$8,586,677$6,357,815$5,804,857$8,743,787
67$9,427,640$6,634,470$5,964,442$9,510,540
68$10,353,282$6,923,581$6,128,273$10,351,570
69$11,372,206$7,225,726$6,296,460$11,274,324
70$12,493,892$7,541,508$6,469,112$12,287,008
71$13,728,784$7,871,556$6,646,342$13,398,657
72$15,088,391$8,216,533$6,828,265$14,619,226
73$16,585,394$8,577,132$7,015,000$15,959,678
74$18,233,769$8,954,076$7,206,667$17,432,090
75$20,048,913$9,348,125$7,403,390$19,049,767
76$22,047,794$9,760,074$7,605,295$20,827,364
77$24,249,108$10,190,757$7,812,512$22,781,025
78$26,673,458$10,641,045$8,025,172$24,928,538
79$29,343,546$11,111,852$8,243,410$27,289,495
80$32,284,389$11,604,134$8,467,366$29,885,484
81$35,523,554$12,118,894$8,697,180$32,740,286
82$39,091,418$12,657,181$8,932,997$35,880,102
83$43,021,454$13,220,095$9,174,964$39,333,800
84$47,350,550$13,808,786$9,423,233$43,133,181
85$52,119,352$14,424,463$9,677,957$47,313,288
86$57,372,651$15,068,387$9,939,294$51,912,726
87$63,159,807$15,741,883$10,207,405$56,974,032
88$69,535,209$16,446,338$10,482,456$62,544,074
89$76,558,796$17,183,203$10,764,613$68,674,488
90$84,296,614$17,954,001$11,054,048$75,422,174
91$92,821,448$18,760,327$11,350,938$82,849,821
92$102,213,502$19,603,849$11,655,461$91,026,505
93$112,561,160$20,486,318$11,967,800$100,028,338
94$123,961,818$21,409,568$12,288,141$109,939,185
95$136,522,805$22,375,518$12,616,675$120,851,454
96$150,362,395$23,386,182$12,953,598$132,866,966
97$165,610,922$24,443,668$13,299,106$146,097,919
98$182,412,013$25,550,185$13,653,403$160,667,940
99$200,923,942$26,708,047$14,016,696$176,713,256
100$221,321,123$27,919,681$14,389,194$194,383,975