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

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$172,590$171,053$169,553$168,089$166,660$164,782
2 years$85,441$83,849$82,307$80,812$79,362$77,472
3 years$56,395$54,797$53,258$51,777$50,350$48,506
4 years$41,874$40,281$38,758$37,302$35,910$34,126
5 years$33,165$31,581$30,078$28,652$27,298$25,580
6 years$27,360$25,788$24,308$22,913$21,600$19,950
7 years$23,215$21,657$20,200$18,838$17,567$15,984
8 years$20,108$18,564$17,131$15,803$14,573$13,059
9 years$17,693$16,163$14,755$13,461$12,273$10,826
10 years$15,762$14,247$12,864$11,603$10,457$9,077
11 years$14,183$12,683$11,325$10,098$8,993$7,679
12 years$12,868$11,384$10,051$8,857$7,794$6,543
13 years$11,757$10,288$8,980$7,820$6,796$5,608
14 years$10,804$9,351$8,068$6,942$5,957$4,830
15 years$9,980$8,543$7,284$6,191$5,245$4,177
16 years$9,259$7,838$6,604$5,543$4,636$3,625
17 years$8,624$7,218$6,010$4,980$4,111$3,155
18 years$8,060$6,670$5,486$4,488$3,655$2,753
19 years$7,556$6,182$5,022$4,056$3,258$2,407
20 years$7,103$5,744$4,609$3,673$2,910$2,108
21 years$6,694$5,351$4,240$3,334$2,604$1,850
22 years$6,322$4,995$3,907$3,031$2,334$1,625
23 years$5,983$4,671$3,608$2,760$2,095$1,429
24 years$5,673$4,377$3,337$2,518$1,883$1,259
25 years$5,388$4,107$3,090$2,299$1,695$1,109
26 years$5,126$3,860$2,866$2,102$1,526$978
27 years$4,883$3,633$2,662$1,924$1,376$864
28 years$4,658$3,423$2,474$1,763$1,242$763
29 years$4,449$3,229$2,302$1,617$1,121$674
30 years$4,254$3,050$2,145$1,484$1,013$596
31 years$4,072$2,883$1,999$1,363$916$527
32 years$3,902$2,728$1,865$1,252$829$466
33 years$3,743$2,584$1,742$1,152$750$413
34 years$3,593$2,449$1,627$1,060$679$365
35 years$3,452$2,322$1,522$975$615$324
36 years$3,319$2,204$1,423$898$557$287
37 years$3,194$2,094$1,332$828$505$254
38 years$3,076$1,990$1,248$763$458$225
39 years$2,964$1,892$1,169$703$415$199
40 years$2,857$1,800$1,096$649$377$177
41 years$2,757$1,714$1,027$599$342$157
42 years$2,661$1,632$964$552$310$139
43 years$2,570$1,555$904$510$281$123
44 years$2,483$1,482$849$471$255$109
45 years$2,401$1,413$797$435$232$97
46 years$2,322$1,348$749$402$210$86
47 years$2,247$1,287$703$371$191$76
48 years$2,175$1,228$661$343$174$68
49 years$2,106$1,173$621$317$158$60
50 years$2,041$1,120$584$293$143$53

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 $6,174 every year, while hoping to spend $20,796 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: 71/18/11 Blend
60$2,090,000$2,090,000$2,090,000$2,090,000
61$2,309,548$2,198,778$2,166,383$2,467,955
62$2,522,996$2,284,392$2,216,831$2,659,281
63$2,757,517$2,373,503$2,268,271$2,865,508
64$3,015,241$2,466,262$2,320,715$3,090,695
65$3,298,512$2,562,825$2,374,175$3,336,705
66$3,609,911$2,663,354$2,428,660$3,605,590
67$3,952,283$2,768,020$2,484,182$3,899,612
68$4,328,764$2,877,001$2,540,750$4,221,255
69$4,742,806$2,990,482$2,598,373$4,573,260
70$5,198,215$3,108,658$2,657,061$4,958,640
71$5,699,181$3,231,731$2,716,821$5,380,715
72$6,250,325$3,359,913$2,777,662$5,843,139
73$6,856,736$3,493,426$2,839,591$6,349,938
74$7,524,019$3,632,501$2,902,614$6,905,542
75$8,258,355$3,777,379$2,966,737$7,514,833
76$9,066,550$3,928,313$3,031,965$8,183,184
77$9,956,104$4,085,566$3,098,303$8,916,514
78$10,935,283$4,249,416$3,165,752$9,721,344
79$12,013,194$4,420,149$3,234,317$10,604,853
80$13,199,870$4,598,067$3,303,997$11,574,949
81$14,506,370$4,783,485$3,374,794$12,640,343
82$15,944,876$4,976,732$3,446,706$13,810,629
83$17,528,814$5,178,152$3,519,731$15,096,378
84$19,272,976$5,388,105$3,593,865$16,509,230
85$21,193,664$5,606,967$3,669,104$18,062,011
86$23,308,840$5,835,131$3,745,441$19,768,848
87$25,638,297$6,073,007$3,822,869$21,645,304
88$28,203,845$6,321,026$3,901,376$23,708,525
89$31,029,517$6,579,636$3,980,953$25,977,398
90$34,141,798$6,849,309$4,061,585$28,472,731
91$37,569,871$7,130,534$4,143,257$31,217,451
92$41,345,893$7,423,826$4,225,952$34,236,813
93$45,505,303$7,729,722$4,309,650$37,558,642
94$50,087,149$8,048,784$4,394,329$41,213,597
95$55,134,464$8,381,599$4,479,964$45,235,455
96$60,694,665$8,728,783$4,566,528$49,661,428
97$66,820,005$9,090,979$4,653,992$54,532,520
98$73,568,067$9,468,858$4,742,322$59,893,907
99$81,002,302$9,863,124$4,831,482$65,795,363
100$89,192,634$10,274,514$4,921,433$72,291,734