Can I retire at age 61 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$174,242$172,690$171,176$169,698$168,254$166,152
2 years$86,258$84,652$83,095$81,585$80,121$78,006
3 years$56,934$55,321$53,768$52,273$50,832$48,769
4 years$42,275$40,667$39,129$37,659$36,254$34,260
5 years$33,482$31,883$30,366$28,926$27,560$25,640
6 years$27,622$26,035$24,540$23,132$21,807$19,964
7 years$23,438$21,864$20,393$19,018$17,735$15,969
8 years$20,301$18,742$17,295$15,954$14,713$13,024
9 years$17,862$16,318$14,896$13,589$12,390$10,778
10 years$15,913$14,383$12,987$11,714$10,557$9,020
11 years$14,319$12,805$11,433$10,195$9,080$7,617
12 years$12,991$11,493$10,147$8,942$7,868$6,478
13 years$11,869$10,386$9,065$7,895$6,861$5,541
14 years$10,908$9,441$8,145$7,008$6,014$4,763
15 years$10,076$8,624$7,354$6,250$5,296$4,111
16 years$9,348$7,913$6,668$5,596$4,680$3,560
17 years$8,707$7,287$6,067$5,028$4,150$3,092
18 years$8,137$6,734$5,539$4,531$3,690$2,692
19 years$7,629$6,241$5,070$4,094$3,289$2,348
20 years$7,171$5,799$4,653$3,708$2,938$2,053
21 years$6,758$5,402$4,280$3,365$2,629$1,797
22 years$6,383$5,042$3,945$3,060$2,356$1,575
23 years$6,041$4,716$3,642$2,787$2,115$1,382
24 years$5,728$4,419$3,369$2,542$1,901$1,214
25 years$5,440$4,147$3,120$2,321$1,711$1,068
26 years$5,175$3,897$2,894$2,122$1,541$940
27 years$4,930$3,668$2,687$1,943$1,389$827
28 years$4,703$3,456$2,498$1,780$1,254$729
29 years$4,492$3,260$2,324$1,632$1,132$643
30 years$4,295$3,079$2,165$1,498$1,023$567
31 years$4,111$2,911$2,019$1,376$925$500
32 years$3,940$2,754$1,883$1,264$837$441
33 years$3,779$2,608$1,758$1,163$757$390
34 years$3,627$2,472$1,643$1,070$685$344
35 years$3,485$2,345$1,536$985$621$304
36 years$3,351$2,225$1,437$907$562$269
37 years$3,225$2,114$1,345$836$510$237
38 years$3,105$2,009$1,260$770$462$210
39 years$2,992$1,910$1,180$710$419$185
40 years$2,885$1,817$1,106$655$380$164
41 years$2,783$1,730$1,037$604$345$145
42 years$2,686$1,647$973$558$313$128
43 years$2,594$1,570$913$515$284$113
44 years$2,507$1,496$857$475$258$100
45 years$2,424$1,427$805$439$234$89
46 years$2,344$1,361$756$406$212$78
47 years$2,268$1,299$710$375$193$69
48 years$2,196$1,240$667$346$175$61
49 years$2,126$1,184$627$320$159$54
50 years$2,060$1,131$590$296$145$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,110,000, adding $4,337 every year, while hoping to spend $39,303 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: 49/39/12 Blend
60$2,110,000$2,110,000$2,110,000$2,110,000
61$2,329,694$2,217,864$2,185,159$2,436,014
62$2,525,504$2,284,721$2,216,543$2,576,377
63$2,739,970$2,353,537$2,247,662$2,724,293
64$2,974,953$2,424,366$2,278,465$2,884,076
65$3,232,503$2,497,264$2,308,898$3,056,848
66$3,514,877$2,572,289$2,338,904$3,243,844
67$3,824,561$2,649,498$2,368,425$3,446,425
68$4,164,296$2,728,953$2,397,396$3,666,086
69$4,537,096$2,810,714$2,425,752$3,904,473
70$4,946,286$2,894,845$2,453,420$4,163,397
71$5,395,525$2,981,410$2,480,327$4,444,852
72$5,888,844$3,070,475$2,506,394$4,751,032
73$6,430,686$3,162,108$2,531,538$5,084,354
74$7,025,944$3,256,378$2,555,672$5,447,476
75$7,680,006$3,353,357$2,578,703$5,843,327
76$8,398,811$3,453,116$2,600,534$6,275,132
77$9,188,900$3,555,729$2,621,063$6,746,439
78$10,057,482$3,661,274$2,640,182$7,261,160
79$11,012,494$3,769,826$2,657,778$7,823,598
80$12,062,687$3,881,465$2,673,731$8,438,495
81$13,217,697$3,996,273$2,687,917$9,111,074
82$14,488,143$4,114,332$2,700,204$9,847,086
83$15,885,726$4,235,726$2,710,452$10,652,866
84$17,423,335$4,360,542$2,718,518$11,535,393
85$19,115,175$4,488,868$2,724,247$12,502,353
86$20,976,894$4,620,793$2,727,481$13,562,214
87$23,025,735$4,756,410$2,728,049$14,724,302
88$25,280,698$4,895,812$2,725,777$15,998,895
89$27,762,716$5,039,094$2,720,478$17,397,312
90$30,494,858$5,186,354$2,711,958$18,932,025
91$33,502,538$5,337,690$2,700,014$20,616,774
92$36,813,764$5,493,204$2,684,431$22,466,696
93$40,459,395$5,652,998$2,664,987$24,498,470
94$44,473,435$5,817,177$2,641,445$26,730,471
95$48,893,353$5,985,846$2,613,562$29,182,944
96$53,760,437$6,159,115$2,581,078$31,878,198
97$59,120,183$6,337,093$2,543,725$34,840,809
98$65,022,722$6,519,891$2,501,221$38,097,861
99$71,523,297$6,707,623$2,453,269$41,679,192
100$78,682,781$6,900,404$2,399,561$45,617,681