Can I retire at age 61 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$173,416$171,871$170,364$168,893$167,457$166,541
2 years$85,850$84,251$82,701$81,199$79,741$78,817
3 years$56,665$55,059$53,513$52,025$50,591$49,688
4 years$42,075$40,474$38,944$37,481$36,082$35,206
5 years$33,323$31,732$30,222$28,789$27,429$26,583
6 years$27,491$25,912$24,424$23,023$21,704$20,888
7 years$23,327$21,761$20,296$18,928$17,651$16,867
8 years$20,205$18,653$17,213$15,878$14,643$13,890
9 years$17,778$16,241$14,825$13,525$12,332$11,610
10 years$15,837$14,315$12,925$11,659$10,507$9,816
11 years$14,251$12,744$11,379$10,146$9,037$8,376
12 years$12,930$11,438$10,099$8,900$7,831$7,200
13 years$11,813$10,337$9,023$7,857$6,829$6,227
14 years$10,856$9,396$8,107$6,975$5,986$5,413
15 years$10,028$8,583$7,319$6,220$5,271$4,726
16 years$9,304$7,875$6,636$5,570$4,658$4,140
17 years$8,666$7,253$6,039$5,004$4,130$3,639
18 years$8,099$6,702$5,512$4,510$3,672$3,206
19 years$7,592$6,211$5,046$4,075$3,273$2,832
20 years$7,137$5,772$4,631$3,691$2,924$2,506
21 years$6,726$5,376$4,260$3,350$2,616$2,222
22 years$6,352$5,018$3,926$3,045$2,345$1,972
23 years$6,012$4,694$3,625$2,774$2,105$1,753
24 years$5,700$4,398$3,353$2,530$1,892$1,561
25 years$5,414$4,127$3,105$2,310$1,703$1,391
26 years$5,150$3,879$2,880$2,112$1,534$1,240
27 years$4,906$3,650$2,674$1,934$1,383$1,107
28 years$4,680$3,440$2,486$1,772$1,248$988
29 years$4,470$3,245$2,313$1,625$1,127$883
30 years$4,275$3,064$2,155$1,491$1,018$790
31 years$4,092$2,897$2,009$1,369$920$707
32 years$3,921$2,741$1,874$1,258$833$633
33 years$3,761$2,596$1,750$1,157$753$566
34 years$3,610$2,460$1,635$1,065$682$507
35 years$3,469$2,334$1,529$980$618$455
36 years$3,335$2,215$1,430$903$560$407
37 years$3,209$2,104$1,339$832$507$365
38 years$3,090$1,999$1,254$767$460$328
39 years$2,978$1,901$1,174$707$417$294
40 years$2,871$1,809$1,101$652$378$264
41 years$2,770$1,722$1,032$602$343$236
42 years$2,674$1,640$968$555$311$212
43 years$2,582$1,562$909$512$283$190
44 years$2,495$1,489$853$473$257$171
45 years$2,412$1,420$801$437$233$153
46 years$2,333$1,355$752$404$211$138
47 years$2,258$1,293$707$373$192$124
48 years$2,185$1,234$664$345$174$111
49 years$2,116$1,179$624$318$158$100
50 years$2,050$1,126$587$294$144$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,100,000, adding $3,695 every year, while hoping to spend $58,589 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: 38/49/13 Blend
60$2,100,000$2,100,000$2,100,000$2,100,000
61$2,318,011$2,206,711$2,174,161$2,396,816
62$2,492,110$2,252,502$2,184,658$2,499,109
63$2,682,004$2,298,573$2,193,542$2,603,635
64$2,889,241$2,344,875$2,200,698$2,715,315
65$3,115,526$2,391,358$2,206,005$2,834,820
66$3,362,738$2,437,962$2,209,334$2,962,889
67$3,632,943$2,484,628$2,210,552$3,100,340
68$3,928,415$2,531,286$2,209,517$3,248,070
69$4,251,660$2,577,866$2,206,083$3,407,072
70$4,605,437$2,624,289$2,200,094$3,578,440
71$4,992,782$2,670,469$2,191,387$3,763,381
72$5,417,040$2,716,317$2,179,793$3,963,226
73$5,881,895$2,761,733$2,165,133$4,179,443
74$6,391,403$2,806,613$2,147,220$4,413,652
75$6,950,032$2,850,843$2,125,858$4,667,639
76$7,562,702$2,894,301$2,100,841$4,943,375
77$8,234,833$2,936,858$2,071,955$5,243,034
78$8,972,395$2,978,373$2,038,974$5,569,013
79$9,781,963$3,018,696$2,001,664$5,923,958
80$10,670,780$3,057,669$1,959,776$6,310,787
81$11,646,824$3,095,120$1,913,053$6,732,718
82$12,718,886$3,130,866$1,861,226$7,193,303
83$13,896,646$3,164,712$1,804,011$7,696,457
84$15,190,771$3,196,450$1,741,112$8,246,501
85$16,613,012$3,225,859$1,672,222$8,848,200
86$18,176,315$3,252,701$1,597,017$9,506,810
87$19,894,940$3,276,725$1,515,158$10,228,130
88$21,784,602$3,297,662$1,426,294$11,018,553
89$23,862,611$3,315,228$1,330,055$11,885,134
90$26,148,040$3,329,117$1,226,054$12,835,651
91$28,661,904$3,339,007$1,113,891$13,878,685
92$31,427,355$3,344,555$993,143$15,023,697
93$34,469,903$3,345,396$863,370$16,281,125
94$37,817,654$3,341,142$724,115$17,662,479
95$41,501,579$3,331,382$574,897$19,180,450
96$45,555,800$3,315,679$415,215$20,849,036
97$50,017,914$3,293,570$244,548$22,683,676
98$54,929,350$3,264,564$62,349$24,701,390
99$60,335,755$3,228,139$0$26,920,951
100$66,287,428$3,183,743$0$29,381,380