Can I retire at age 61 with 2,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$165,158$163,687$162,252$160,851$159,483$158,411
2 years$81,761$80,239$78,763$77,332$75,944$74,864
3 years$53,966$52,437$50,965$49,547$48,182$47,126
4 years$40,071$38,547$37,089$35,696$34,364$33,340
5 years$31,737$30,221$28,783$27,418$26,123$25,134
6 years$26,182$24,678$23,261$21,926$20,670$19,718
7 years$22,216$20,724$19,330$18,027$16,810$15,896
8 years$19,243$17,765$16,393$15,122$13,946$13,069
9 years$16,931$15,467$14,120$12,881$11,744$10,904
10 years$15,083$13,634$12,310$11,103$10,007$9,203
11 years$13,572$12,137$10,837$9,663$8,606$7,838
12 years$12,314$10,894$9,618$8,476$7,458$6,725
13 years$11,250$9,845$8,593$7,483$6,503$5,806
14 years$10,339$8,949$7,721$6,643$5,701$5,037
15 years$9,550$8,175$6,971$5,924$5,020$4,388
16 years$8,861$7,500$6,320$5,304$4,436$3,837
17 years$8,253$6,907$5,751$4,766$3,934$3,365
18 years$7,713$6,383$5,250$4,295$3,497$2,959
19 years$7,231$5,915$4,806$3,881$3,117$2,608
20 years$6,797$5,497$4,411$3,515$2,785$2,303
21 years$6,406$5,120$4,057$3,190$2,492$2,037
22 years$6,050$4,779$3,739$2,900$2,234$1,804
23 years$5,726$4,470$3,452$2,642$2,005$1,600
24 years$5,429$4,188$3,193$2,409$1,802$1,421
25 years$5,156$3,930$2,957$2,200$1,622$1,263
26 years$4,905$3,694$2,743$2,012$1,461$1,124
27 years$4,673$3,476$2,547$1,841$1,317$1,001
28 years$4,458$3,276$2,368$1,687$1,188$892
29 years$4,258$3,090$2,203$1,547$1,073$795
30 years$4,071$2,919$2,052$1,420$970$709
31 years$3,897$2,759$1,913$1,304$877$633
32 years$3,734$2,611$1,785$1,198$793$565
33 years$3,582$2,472$1,667$1,102$718$505
34 years$3,438$2,343$1,557$1,014$650$451
35 years$3,304$2,222$1,456$933$588$403
36 years$3,176$2,109$1,362$860$533$360
37 years$3,057$2,003$1,275$792$483$322
38 years$2,943$1,904$1,194$730$438$288
39 years$2,836$1,811$1,119$673$397$258
40 years$2,734$1,723$1,048$621$360$231
41 years$2,638$1,640$983$573$327$206
42 years$2,546$1,562$922$529$297$185
43 years$2,459$1,488$865$488$269$165
44 years$2,376$1,418$812$451$244$148
45 years$2,297$1,352$763$416$222$133
46 years$2,222$1,290$716$384$201$119
47 years$2,150$1,231$673$355$183$106
48 years$2,081$1,175$632$328$166$95
49 years$2,016$1,122$594$303$151$85
50 years$1,953$1,072$559$280$137$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,000,000, adding $3,250 every year, while hoping to spend $32,964 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: 57/35/8 Blend
60$2,000,000$2,000,000$2,000,000$2,000,000
61$2,207,352$2,101,352$2,070,352$2,328,953
62$2,397,429$2,169,245$2,104,636$2,479,105
63$2,605,788$2,239,360$2,138,963$2,638,651
64$2,834,261$2,311,771$2,173,300$2,811,677
65$3,084,862$2,386,554$2,207,612$2,999,475
66$3,359,812$2,463,789$2,241,861$3,203,466
67$3,661,556$2,543,558$2,276,007$3,425,211
68$3,992,788$2,625,946$2,310,007$3,666,431
69$4,356,475$2,711,040$2,343,814$3,929,019
70$4,755,885$2,798,930$2,377,382$4,215,056
71$5,194,619$2,889,712$2,410,658$4,526,834
72$5,676,644$2,983,481$2,443,588$4,866,877
73$6,206,328$3,080,338$2,476,115$5,237,961
74$6,788,487$3,180,388$2,508,178$5,643,143
75$7,428,422$3,283,736$2,539,711$6,085,789
76$8,131,977$3,390,496$2,570,648$6,569,603
77$8,905,590$3,500,781$2,600,916$7,098,667
78$9,756,352$3,614,711$2,630,438$7,677,472
79$10,692,076$3,732,408$2,659,134$8,310,965
80$11,721,373$3,854,001$2,686,920$9,004,594
81$12,853,727$3,979,622$2,713,707$9,764,357
82$14,099,590$4,109,406$2,739,398$10,596,864
83$15,470,477$4,243,495$2,763,897$11,509,389
84$16,979,075$4,382,036$2,787,096$12,509,948
85$18,639,364$4,525,179$2,808,888$13,607,369
86$20,466,748$4,673,081$2,829,154$14,811,376
87$22,478,199$4,825,906$2,847,774$16,132,679
88$24,692,420$4,983,819$2,864,618$17,583,077
89$27,130,016$5,146,996$2,879,553$19,175,567
90$29,813,695$5,315,616$2,892,435$20,924,466
91$32,768,476$5,489,865$2,903,116$22,845,547
92$36,021,929$5,669,937$2,911,439$24,956,184
93$39,604,433$5,856,032$2,917,239$27,275,520
94$43,549,463$6,048,355$2,920,345$29,824,645
95$47,893,905$6,247,121$2,920,573$32,626,791
96$52,678,406$6,452,553$2,917,735$35,707,557
97$57,947,755$6,664,879$2,911,630$39,095,144
98$63,751,306$6,884,338$2,902,050$42,820,624
99$70,143,445$7,111,176$2,888,774$46,918,231
100$77,184,101$7,345,649$2,871,573$51,425,685