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

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 $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%18.7%
1 years$165,984$164,505$163,063$161,655$160,280$154,655
2 years$82,170$80,640$79,157$77,719$76,324$70,716
3 years$54,236$52,699$51,220$49,795$48,423$43,008
4 years$40,272$38,739$37,275$35,875$34,536$29,355
5 years$31,895$30,372$28,927$27,555$26,253$21,321
6 years$26,313$24,801$23,377$22,036$20,773$16,093
7 years$22,327$20,828$19,427$18,117$16,894$12,465
8 years$19,339$17,853$16,475$15,198$14,016$9,834
9 years$17,016$15,545$14,190$12,945$11,803$7,863
10 years$15,159$13,702$12,371$11,159$10,057$6,352
11 years$13,640$12,198$10,891$9,712$8,649$5,173
12 years$12,376$10,948$9,666$8,518$7,495$4,238
13 years$11,307$9,894$8,636$7,520$6,536$3,490
14 years$10,391$8,993$7,759$6,676$5,729$2,885
15 years$9,598$8,216$7,006$5,954$5,045$2,393
16 years$8,905$7,538$6,352$5,331$4,458$1,990
17 years$8,294$6,942$5,780$4,790$3,953$1,659
18 years$7,752$6,415$5,276$4,317$3,515$1,385
19 years$7,267$5,945$4,830$3,900$3,133$1,158
20 years$6,831$5,524$4,433$3,533$2,798$969
21 years$6,438$5,146$4,077$3,206$2,504$812
22 years$6,080$4,803$3,758$2,915$2,245$681
23 years$5,754$4,492$3,470$2,655$2,015$572
24 years$5,456$4,209$3,209$2,421$1,811$480
25 years$5,182$3,950$2,972$2,211$1,630$404
26 years$4,930$3,712$2,756$2,022$1,468$339
27 years$4,696$3,494$2,560$1,851$1,324$285
28 years$4,480$3,292$2,380$1,696$1,194$240
29 years$4,279$3,106$2,214$1,555$1,078$202
30 years$4,091$2,933$2,063$1,427$974$170
31 years$3,917$2,773$1,923$1,311$881$143
32 years$3,753$2,624$1,794$1,204$797$120
33 years$3,600$2,485$1,675$1,108$721$101
34 years$3,456$2,355$1,565$1,019$653$85
35 years$3,320$2,234$1,463$938$591$72
36 years$3,192$2,120$1,369$864$536$61
37 years$3,072$2,013$1,281$796$486$51
38 years$2,958$1,914$1,200$734$440$43
39 years$2,850$1,820$1,124$677$399$36
40 years$2,748$1,731$1,054$624$362$30
41 years$2,651$1,648$988$576$329$26
42 years$2,559$1,569$927$531$298$22
43 years$2,471$1,495$870$490$271$18
44 years$2,388$1,425$816$453$246$15
45 years$2,309$1,359$766$418$223$13
46 years$2,233$1,297$720$386$202$11
47 years$2,161$1,237$676$357$184$9
48 years$2,092$1,181$636$330$167$8
49 years$2,026$1,128$597$305$152$7
50 years$1,962$1,078$562$282$138$5

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 $5,491 every year, while hoping to spend $52,770 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: 78/15/7 Blend
60$2,010,000$2,010,000$2,010,000$2,010,000
61$2,220,684$2,114,154$2,082,999$2,391,662
62$2,391,047$2,161,601$2,096,633$2,552,068
63$2,577,018$2,209,604$2,108,954$2,720,524
64$2,780,134$2,258,134$2,119,864$2,903,703
65$3,002,086$2,307,161$2,129,258$3,103,046
66$3,244,736$2,356,649$2,137,026$3,320,141
67$3,510,134$2,406,560$2,143,051$3,556,734
68$3,800,538$2,456,852$2,147,213$3,814,752
69$4,118,432$2,507,477$2,149,384$4,096,315
70$4,466,554$2,558,385$2,149,430$4,403,756
71$4,847,918$2,609,521$2,147,212$4,739,649
72$5,265,843$2,660,825$2,142,580$5,106,827
73$5,723,984$2,712,231$2,135,382$5,508,410
74$6,226,368$2,763,668$2,125,455$5,947,837
75$6,777,430$2,815,059$2,112,630$6,428,895
76$7,382,052$2,866,322$2,096,728$6,955,757
77$8,045,616$2,917,366$2,077,563$7,533,019
78$8,774,047$2,968,095$2,054,939$8,165,746
79$9,573,873$3,018,405$2,028,653$8,859,518
80$10,452,285$3,068,184$1,998,490$9,620,484
81$11,417,204$3,117,311$1,964,225$10,455,417
82$12,477,357$3,165,657$1,925,624$11,371,781
83$13,642,356$3,213,083$1,882,441$12,377,799
84$14,922,793$3,259,441$1,834,420$13,482,535
85$16,330,336$3,304,571$1,781,291$14,695,972
86$17,877,838$3,348,303$1,722,772$16,029,113
87$19,579,463$3,390,455$1,658,570$17,494,082
88$21,450,813$3,430,833$1,588,377$19,104,238
89$23,509,080$3,469,227$1,511,872$20,874,301
90$25,773,203$3,505,417$1,428,717$22,820,495
91$28,264,053$3,539,165$1,338,562$24,960,694
92$31,004,621$3,570,219$1,241,039$27,314,596
93$34,020,243$3,598,311$1,135,764$29,903,909
94$37,338,833$3,623,153$1,022,337$32,752,552
95$40,991,148$3,644,441$900,339$35,886,885
96$45,011,077$3,661,850$769,332$39,335,956
97$49,435,961$3,675,036$628,860$43,131,775
98$54,306,948$3,683,631$478,445$47,309,618
99$59,669,373$3,687,245$317,589$51,908,358
100$65,573,194$3,685,465$145,773$56,970,833