Can I retire at age 61 with 2,010,000?

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 $2,010,000?

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$165,984$164,505$163,063$161,655$160,280$158,277
2 years$82,170$80,640$79,157$77,719$76,324$74,309
3 years$54,236$52,699$51,220$49,795$48,423$46,458
4 years$40,272$38,739$37,275$35,875$34,536$32,636
5 years$31,895$30,372$28,927$27,555$26,253$24,424
6 years$26,313$24,801$23,377$22,036$20,773$19,018
7 years$22,327$20,828$19,427$18,117$16,894$15,212
8 years$19,339$17,853$16,475$15,198$14,016$12,407
9 years$17,016$15,545$14,190$12,945$11,803$10,267
10 years$15,159$13,702$12,371$11,159$10,057$8,593
11 years$13,640$12,198$10,891$9,712$8,649$7,256
12 years$12,376$10,948$9,666$8,518$7,495$6,171
13 years$11,307$9,894$8,636$7,520$6,536$5,279
14 years$10,391$8,993$7,759$6,676$5,729$4,537
15 years$9,598$8,216$7,006$5,954$5,045$3,916
16 years$8,905$7,538$6,352$5,331$4,458$3,391
17 years$8,294$6,942$5,780$4,790$3,953$2,945
18 years$7,752$6,415$5,276$4,317$3,515$2,564
19 years$7,267$5,945$4,830$3,900$3,133$2,237
20 years$6,831$5,524$4,433$3,533$2,798$1,955
21 years$6,438$5,146$4,077$3,206$2,504$1,712
22 years$6,080$4,803$3,758$2,915$2,245$1,500
23 years$5,754$4,492$3,470$2,655$2,015$1,317
24 years$5,456$4,209$3,209$2,421$1,811$1,157
25 years$5,182$3,950$2,972$2,211$1,630$1,017
26 years$4,930$3,712$2,756$2,022$1,468$895
27 years$4,696$3,494$2,560$1,851$1,324$788
28 years$4,480$3,292$2,380$1,696$1,194$694
29 years$4,279$3,106$2,214$1,555$1,078$612
30 years$4,091$2,933$2,063$1,427$974$540
31 years$3,917$2,773$1,923$1,311$881$476
32 years$3,753$2,624$1,794$1,204$797$420
33 years$3,600$2,485$1,675$1,108$721$371
34 years$3,456$2,355$1,565$1,019$653$328
35 years$3,320$2,234$1,463$938$591$290
36 years$3,192$2,120$1,369$864$536$256
37 years$3,072$2,013$1,281$796$486$226
38 years$2,958$1,914$1,200$734$440$200
39 years$2,850$1,820$1,124$677$399$177
40 years$2,748$1,731$1,054$624$362$156
41 years$2,651$1,648$988$576$329$138
42 years$2,559$1,569$927$531$298$122
43 years$2,471$1,495$870$490$271$108
44 years$2,388$1,425$816$453$246$95
45 years$2,309$1,359$766$418$223$84
46 years$2,233$1,297$720$386$202$75
47 years$2,161$1,237$676$357$184$66
48 years$2,092$1,181$636$330$167$58
49 years$2,026$1,128$597$305$152$52
50 years$1,962$1,078$562$282$138$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,010,000, adding $2,802 every year, while hoping to spend $29,023 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: 67/14/19 Blend
60$2,010,000$2,010,000$2,010,000$2,010,000
61$2,217,910$2,111,380$2,080,225$2,355,897
62$2,413,257$2,183,958$2,119,033$2,521,163
63$2,627,556$2,259,119$2,158,167$2,698,191
64$2,862,710$2,336,959$2,197,609$2,891,073
65$3,120,816$2,417,579$2,237,338$3,101,368
66$3,404,180$2,501,081$2,277,330$3,330,790
67$3,715,346$2,587,574$2,317,560$3,581,229
68$4,057,115$2,677,169$2,358,003$3,854,763
69$4,432,574$2,769,983$2,398,628$4,153,682
70$4,845,120$2,866,136$2,439,406$4,480,508
71$5,298,499$2,965,754$2,480,303$4,838,019
72$5,796,837$3,068,967$2,521,284$5,229,272
73$6,344,679$3,175,911$2,562,312$5,657,636
74$6,947,033$3,286,727$2,603,346$6,126,822
75$7,609,416$3,401,562$2,644,344$6,640,916
76$8,337,906$3,520,568$2,685,259$7,204,419
77$9,139,200$3,643,903$2,726,043$7,822,291
78$10,020,677$3,771,734$2,766,644$8,499,993
79$10,990,468$3,904,230$2,807,008$9,243,542
80$12,057,528$4,041,570$2,847,076$10,059,568
81$13,231,730$4,183,940$2,886,786$10,955,373
82$14,523,946$4,331,533$2,926,073$11,939,001
83$15,946,159$4,484,549$2,964,867$13,019,315
84$17,511,573$4,643,197$3,003,096$14,206,081
85$19,234,734$4,807,695$3,040,680$15,510,055
86$21,131,672$4,978,267$3,077,538$16,943,090
87$23,220,051$5,155,151$3,113,584$18,518,246
88$25,519,332$5,338,589$3,148,725$20,249,909
89$28,050,961$5,528,837$3,182,864$22,153,934
90$30,838,569$5,726,160$3,215,900$24,247,786
91$33,908,195$5,930,834$3,247,725$26,550,710
92$37,288,532$6,143,145$3,278,224$29,083,912
93$41,011,196$6,363,394$3,307,279$31,870,756
94$45,111,028$6,591,890$3,334,763$34,936,987
95$49,626,419$6,828,959$3,360,544$38,310,973
96$54,599,673$7,074,936$3,384,481$42,023,971
97$60,077,406$7,330,175$3,406,428$46,110,423
98$66,110,988$7,595,040$3,426,230$50,608,279
99$72,757,025$7,869,913$3,443,724$55,559,359
100$80,077,893$8,155,190$3,458,740$61,009,743