Can I retire at age 61 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$172,590$171,053$169,553$168,089$166,660$161,584
2 years$85,441$83,849$82,307$80,812$79,362$74,291
3 years$56,395$54,797$53,258$51,777$50,350$45,444
4 years$41,874$40,281$38,758$37,302$35,910$31,207
5 years$33,165$31,581$30,078$28,652$27,298$22,810
6 years$27,360$25,788$24,308$22,913$21,600$17,330
7 years$23,215$21,657$20,200$18,838$17,567$13,516
8 years$20,108$18,564$17,131$15,803$14,573$10,738
9 years$17,693$16,163$14,755$13,461$12,273$8,650
10 years$15,762$14,247$12,864$11,603$10,457$7,041
11 years$14,183$12,683$11,325$10,098$8,993$5,778
12 years$12,868$11,384$10,051$8,857$7,794$4,772
13 years$11,757$10,288$8,980$7,820$6,796$3,962
14 years$10,804$9,351$8,068$6,942$5,957$3,303
15 years$9,980$8,543$7,284$6,191$5,245$2,763
16 years$9,259$7,838$6,604$5,543$4,636$2,318
17 years$8,624$7,218$6,010$4,980$4,111$1,949
18 years$8,060$6,670$5,486$4,488$3,655$1,642
19 years$7,556$6,182$5,022$4,056$3,258$1,385
20 years$7,103$5,744$4,609$3,673$2,910$1,170
21 years$6,694$5,351$4,240$3,334$2,604$990
22 years$6,322$4,995$3,907$3,031$2,334$838
23 years$5,983$4,671$3,608$2,760$2,095$710
24 years$5,673$4,377$3,337$2,518$1,883$602
25 years$5,388$4,107$3,090$2,299$1,695$511
26 years$5,126$3,860$2,866$2,102$1,526$434
27 years$4,883$3,633$2,662$1,924$1,376$368
28 years$4,658$3,423$2,474$1,763$1,242$313
29 years$4,449$3,229$2,302$1,617$1,121$266
30 years$4,254$3,050$2,145$1,484$1,013$226
31 years$4,072$2,883$1,999$1,363$916$192
32 years$3,902$2,728$1,865$1,252$829$163
33 years$3,743$2,584$1,742$1,152$750$139
34 years$3,593$2,449$1,627$1,060$679$118
35 years$3,452$2,322$1,522$975$615$100
36 years$3,319$2,204$1,423$898$557$85
37 years$3,194$2,094$1,332$828$505$73
38 years$3,076$1,990$1,248$763$458$62
39 years$2,964$1,892$1,169$703$415$53
40 years$2,857$1,800$1,096$649$377$45
41 years$2,757$1,714$1,027$599$342$38
42 years$2,661$1,632$964$552$310$32
43 years$2,570$1,555$904$510$281$28
44 years$2,483$1,482$849$471$255$23
45 years$2,401$1,413$797$435$232$20
46 years$2,322$1,348$749$402$210$17
47 years$2,247$1,287$703$371$191$14
48 years$2,175$1,228$661$343$174$12
49 years$2,106$1,173$621$317$158$10
50 years$2,041$1,120$584$293$143$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,090,000, adding $6,065 every year, while hoping to spend $23,884 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: 25/49/26 Blend
60$2,090,000$2,090,000$2,090,000$2,090,000
61$2,309,436$2,198,666$2,166,271$2,348,120
62$2,519,586$2,280,988$2,213,429$2,462,847
63$2,750,371$2,366,544$2,261,366$2,583,332
64$3,003,870$2,455,466$2,310,083$2,712,017
65$3,282,375$2,547,893$2,359,580$2,849,604
66$3,588,408$2,643,971$2,409,857$2,996,862
67$3,924,751$2,743,851$2,460,913$3,154,635
68$4,294,465$2,847,690$2,512,743$3,323,848
69$4,700,927$2,955,653$2,565,346$3,505,513
70$5,147,853$3,067,911$2,618,717$3,700,742
71$5,639,339$3,184,644$2,672,849$3,910,754
72$6,179,899$3,306,039$2,727,737$4,136,887
73$6,774,504$3,432,290$2,783,372$4,380,608
74$7,428,634$3,563,602$2,839,744$4,643,530
75$8,148,323$3,700,187$2,896,844$4,927,421
76$8,940,222$3,842,267$2,954,659$5,234,225
77$9,811,659$3,990,072$3,013,174$5,566,075
78$10,770,708$4,143,846$3,072,376$5,925,316
79$11,826,266$4,303,839$3,132,245$6,314,525
80$12,988,134$4,470,316$3,192,764$6,736,531
81$14,267,113$4,643,552$3,253,912$7,194,447
82$15,675,106$4,823,833$3,315,665$7,691,693
83$17,225,225$5,011,459$3,377,998$8,232,029
84$18,931,921$5,206,743$3,440,884$8,819,589
85$20,811,116$5,410,013$3,504,293$9,458,921
86$22,880,356$5,621,610$3,568,193$10,155,025
87$25,158,973$5,841,889$3,632,548$10,913,401
88$27,668,270$6,071,224$3,697,321$11,740,099
89$30,431,723$6,310,004$3,762,471$12,641,777
90$33,475,200$6,558,634$3,827,954$13,625,756
91$36,827,203$6,817,540$3,893,723$14,700,097
92$40,519,142$7,087,164$3,959,727$15,873,667
93$44,585,630$7,367,971$4,025,913$17,156,224
94$49,064,806$7,660,443$4,092,223$18,558,511
95$53,998,698$7,965,086$4,158,595$20,092,348
96$59,433,619$8,282,430$4,224,962$21,770,750
97$65,420,605$8,613,026$4,291,255$23,608,042
98$72,015,893$8,957,450$4,357,398$25,619,993
99$79,281,456$9,316,307$4,423,312$27,823,965
100$87,285,584$9,690,226$4,488,913$30,239,075