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

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$174,242$172,690$171,176$169,698$168,254$165,263
2 years$86,258$84,652$83,095$81,585$80,121$77,118
3 years$56,934$55,321$53,768$52,273$50,832$47,910
4 years$42,275$40,667$39,129$37,659$36,254$33,436
5 years$33,482$31,883$30,366$28,926$27,560$24,853
6 years$27,622$26,035$24,540$23,132$21,807$19,216
7 years$23,438$21,864$20,393$19,018$17,735$15,259
8 years$20,301$18,742$17,295$15,954$14,713$12,352
9 years$17,862$16,318$14,896$13,589$12,390$10,144
10 years$15,913$14,383$12,987$11,714$10,557$8,422
11 years$14,319$12,805$11,433$10,195$9,080$7,054
12 years$12,991$11,493$10,147$8,942$7,868$5,949
13 years$11,869$10,386$9,065$7,895$6,861$5,046
14 years$10,908$9,441$8,145$7,008$6,014$4,300
15 years$10,076$8,624$7,354$6,250$5,296$3,678
16 years$9,348$7,913$6,668$5,596$4,680$3,157
17 years$8,707$7,287$6,067$5,028$4,150$2,716
18 years$8,137$6,734$5,539$4,531$3,690$2,343
19 years$7,629$6,241$5,070$4,094$3,289$2,025
20 years$7,171$5,799$4,653$3,708$2,938$1,752
21 years$6,758$5,402$4,280$3,365$2,629$1,519
22 years$6,383$5,042$3,945$3,060$2,356$1,318
23 years$6,041$4,716$3,642$2,787$2,115$1,146
24 years$5,728$4,419$3,369$2,542$1,901$996
25 years$5,440$4,147$3,120$2,321$1,711$867
26 years$5,175$3,897$2,894$2,122$1,541$755
27 years$4,930$3,668$2,687$1,943$1,389$658
28 years$4,703$3,456$2,498$1,780$1,254$574
29 years$4,492$3,260$2,324$1,632$1,132$500
30 years$4,295$3,079$2,165$1,498$1,023$437
31 years$4,111$2,911$2,019$1,376$925$381
32 years$3,940$2,754$1,883$1,264$837$333
33 years$3,779$2,608$1,758$1,163$757$291
34 years$3,627$2,472$1,643$1,070$685$254
35 years$3,485$2,345$1,536$985$621$222
36 years$3,351$2,225$1,437$907$562$194
37 years$3,225$2,114$1,345$836$510$169
38 years$3,105$2,009$1,260$770$462$148
39 years$2,992$1,910$1,180$710$419$129
40 years$2,885$1,817$1,106$655$380$113
41 years$2,783$1,730$1,037$604$345$99
42 years$2,686$1,647$973$558$313$87
43 years$2,594$1,570$913$515$284$76
44 years$2,507$1,496$857$475$258$66
45 years$2,424$1,427$805$439$234$58
46 years$2,344$1,361$756$406$212$51
47 years$2,268$1,299$710$375$193$44
48 years$2,196$1,240$667$346$175$39
49 years$2,126$1,184$627$320$159$34
50 years$2,060$1,131$590$296$145$30

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 $4,563 every year, while hoping to spend $55,040 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: 61/22/17 Blend
60$2,110,000$2,110,000$2,110,000$2,110,000
61$2,329,927$2,218,097$2,185,392$2,461,708
62$2,509,017$2,268,221$2,200,040$2,601,216
63$2,704,530$2,318,957$2,213,335$2,746,834
64$2,918,082$2,370,277$2,225,172$2,904,461
65$3,151,454$2,422,148$2,235,443$3,075,268
66$3,406,606$2,474,536$2,244,033$3,260,545
67$3,685,694$2,527,403$2,250,823$3,461,711
68$3,991,096$2,580,706$2,255,686$3,680,333
69$4,325,426$2,634,399$2,258,490$3,918,136
70$4,691,566$2,688,431$2,259,096$4,177,019
71$5,092,688$2,742,747$2,257,358$4,459,077
72$5,532,286$2,797,285$2,253,123$4,766,617
73$6,014,207$2,851,980$2,246,231$5,102,184
74$6,542,690$2,906,761$2,236,513$5,468,580
75$7,122,401$2,961,549$2,223,793$5,868,893
76$7,758,482$3,016,261$2,207,887$6,306,529
77$8,456,596$3,070,807$2,188,600$6,785,238
78$9,222,980$3,125,088$2,165,729$7,309,157
79$10,064,505$3,178,998$2,139,062$7,882,842
80$10,988,741$3,232,425$2,108,376$8,511,315
81$12,004,024$3,285,246$2,073,439$9,200,115
82$13,119,541$3,337,329$2,034,006$9,955,341
83$14,345,411$3,388,535$1,989,821$10,783,719
84$15,692,781$3,438,711$1,940,619$11,692,662
85$17,173,934$3,487,697$1,886,118$12,690,339
86$18,802,399$3,535,318$1,826,027$13,785,754
87$20,593,084$3,581,390$1,760,040$14,988,833
88$22,562,414$3,625,713$1,687,836$16,310,515
89$24,728,484$3,668,076$1,609,083$17,762,855
90$27,111,231$3,708,254$1,523,429$19,359,144
91$29,732,623$3,746,004$1,430,509$21,114,028
92$32,616,861$3,781,069$1,329,942$23,043,651
93$35,790,615$3,813,176$1,221,329$25,165,807
94$39,283,267$3,842,030$1,104,253$27,500,106
95$43,127,192$3,867,322$978,277$30,068,165
96$47,358,065$3,888,720$842,949$32,893,807
97$52,015,191$3,905,871$697,791$36,003,292
98$57,141,882$3,918,400$542,309$39,425,560
99$62,785,861$3,925,909$375,984$43,192,510
100$68,999,715$3,927,975$198,275$47,339,299