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%14.7%
1 years$173,416$171,871$170,364$168,893$167,457$164,210
2 years$85,850$84,251$82,701$81,199$79,741$76,484
3 years$56,665$55,059$53,513$52,025$50,591$47,424
4 years$42,075$40,474$38,944$37,481$36,082$33,030
5 years$33,323$31,732$30,222$28,789$27,429$24,500
6 years$27,491$25,912$24,424$23,023$21,704$18,901
7 years$23,327$21,761$20,296$18,928$17,651$14,976
8 years$20,205$18,653$17,213$15,878$14,643$12,095
9 years$17,778$16,241$14,825$13,525$12,332$9,909
10 years$15,837$14,315$12,925$11,659$10,507$8,207
11 years$14,251$12,744$11,379$10,146$9,037$6,856
12 years$12,930$11,438$10,099$8,900$7,831$5,768
13 years$11,813$10,337$9,023$7,857$6,829$4,879
14 years$10,856$9,396$8,107$6,975$5,986$4,146
15 years$10,028$8,583$7,319$6,220$5,271$3,537
16 years$9,304$7,875$6,636$5,570$4,658$3,027
17 years$8,666$7,253$6,039$5,004$4,130$2,597
18 years$8,099$6,702$5,512$4,510$3,672$2,234
19 years$7,592$6,211$5,046$4,075$3,273$1,925
20 years$7,137$5,772$4,631$3,691$2,924$1,661
21 years$6,726$5,376$4,260$3,350$2,616$1,435
22 years$6,352$5,018$3,926$3,045$2,345$1,242
23 years$6,012$4,694$3,625$2,774$2,105$1,076
24 years$5,700$4,398$3,353$2,530$1,892$933
25 years$5,414$4,127$3,105$2,310$1,703$809
26 years$5,150$3,879$2,880$2,112$1,534$702
27 years$4,906$3,650$2,674$1,934$1,383$610
28 years$4,680$3,440$2,486$1,772$1,248$530
29 years$4,470$3,245$2,313$1,625$1,127$461
30 years$4,275$3,064$2,155$1,491$1,018$401
31 years$4,092$2,897$2,009$1,369$920$349
32 years$3,921$2,741$1,874$1,258$833$303
33 years$3,761$2,596$1,750$1,157$753$264
34 years$3,610$2,460$1,635$1,065$682$230
35 years$3,469$2,334$1,529$980$618$200
36 years$3,335$2,215$1,430$903$560$174
37 years$3,209$2,104$1,339$832$507$152
38 years$3,090$1,999$1,254$767$460$132
39 years$2,978$1,901$1,174$707$417$115
40 years$2,871$1,809$1,101$652$378$100
41 years$2,770$1,722$1,032$602$343$88
42 years$2,674$1,640$968$555$311$76
43 years$2,582$1,562$909$512$283$66
44 years$2,495$1,489$853$473$257$58
45 years$2,412$1,420$801$437$233$50
46 years$2,333$1,355$752$404$211$44
47 years$2,258$1,293$707$373$192$38
48 years$2,185$1,234$664$345$174$33
49 years$2,116$1,179$624$318$158$29
50 years$2,050$1,126$587$294$144$25

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 $3,132 every year, while hoping to spend $22,446 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: 44/40/16 Blend
60$2,100,000$2,100,000$2,100,000$2,100,000
61$2,317,431$2,206,131$2,173,581$2,408,566
62$2,529,926$2,290,349$2,222,513$2,556,924
63$2,763,344$2,377,941$2,272,333$2,715,148
64$3,019,794$2,469,050$2,323,045$2,886,165
65$3,301,602$2,563,822$2,374,656$3,071,164
66$3,611,329$2,662,412$2,427,170$3,271,455
67$3,951,796$2,764,982$2,480,592$3,488,472
68$4,326,113$2,871,699$2,534,925$3,723,795
69$4,737,703$2,982,740$2,590,172$3,979,158
70$5,190,341$3,098,286$2,646,335$4,256,469
71$5,688,184$3,218,530$2,703,416$4,557,824
72$6,235,812$3,343,672$2,761,414$4,885,527
73$6,838,273$3,473,920$2,820,329$5,242,114
74$7,501,126$3,609,491$2,880,159$5,630,372
75$8,230,499$3,750,615$2,940,903$6,053,366
76$9,033,143$3,897,527$3,002,555$6,514,470
77$9,916,494$4,050,477$3,065,112$7,017,392
78$10,888,749$4,209,723$3,128,566$7,566,216
79$11,958,939$4,375,537$3,192,910$8,165,431
80$13,137,014$4,548,201$3,258,136$8,819,980
81$14,433,937$4,728,011$3,324,231$9,535,302
82$15,861,791$4,915,275$3,391,185$10,317,382
83$17,433,886$5,110,317$3,458,983$11,172,808
84$19,164,893$5,313,472$3,527,609$12,108,832
85$21,070,974$5,525,094$3,597,045$13,133,435
86$23,169,940$5,745,550$3,667,273$14,255,405
87$25,481,416$5,975,225$3,738,269$15,484,416
88$28,027,030$6,214,521$3,810,011$16,831,118
89$30,830,612$6,463,857$3,882,471$18,307,240
90$33,918,420$6,723,672$3,955,620$19,925,693
91$37,319,393$6,994,426$4,029,427$21,700,694
92$41,065,415$7,276,597$4,103,857$23,647,902
93$45,191,625$7,570,687$4,178,873$25,784,556
94$49,736,740$7,877,220$4,254,434$28,129,645
95$54,743,427$8,196,743$4,330,498$30,704,079
96$60,258,703$8,529,830$4,407,016$33,530,888
97$66,334,377$8,877,079$4,483,937$36,635,437
98$73,027,543$9,239,115$4,561,209$40,045,663
99$80,401,114$9,616,593$4,638,771$43,792,336
100$88,524,419$10,010,198$4,716,561$47,909,350