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%14.4%
1 years$174,242$172,690$171,176$169,698$168,254$165,195
2 years$86,258$84,652$83,095$81,585$80,121$77,050
3 years$56,934$55,321$53,768$52,273$50,832$47,845
4 years$42,275$40,667$39,129$37,659$36,254$33,373
5 years$33,482$31,883$30,366$28,926$27,560$24,794
6 years$27,622$26,035$24,540$23,132$21,807$19,159
7 years$23,438$21,864$20,393$19,018$17,735$15,206
8 years$20,301$18,742$17,295$15,954$14,713$12,302
9 years$17,862$16,318$14,896$13,589$12,390$10,096
10 years$15,913$14,383$12,987$11,714$10,557$8,378
11 years$14,319$12,805$11,433$10,195$9,080$7,013
12 years$12,991$11,493$10,147$8,942$7,868$5,910
13 years$11,869$10,386$9,065$7,895$6,861$5,010
14 years$10,908$9,441$8,145$7,008$6,014$4,266
15 years$10,076$8,624$7,354$6,250$5,296$3,647
16 years$9,348$7,913$6,668$5,596$4,680$3,127
17 years$8,707$7,287$6,067$5,028$4,150$2,689
18 years$8,137$6,734$5,539$4,531$3,690$2,318
19 years$7,629$6,241$5,070$4,094$3,289$2,001
20 years$7,171$5,799$4,653$3,708$2,938$1,731
21 years$6,758$5,402$4,280$3,365$2,629$1,500
22 years$6,383$5,042$3,945$3,060$2,356$1,300
23 years$6,041$4,716$3,642$2,787$2,115$1,129
24 years$5,728$4,419$3,369$2,542$1,901$981
25 years$5,440$4,147$3,120$2,321$1,711$853
26 years$5,175$3,897$2,894$2,122$1,541$742
27 years$4,930$3,668$2,687$1,943$1,389$646
28 years$4,703$3,456$2,498$1,780$1,254$563
29 years$4,492$3,260$2,324$1,632$1,132$491
30 years$4,295$3,079$2,165$1,498$1,023$428
31 years$4,111$2,911$2,019$1,376$925$373
32 years$3,940$2,754$1,883$1,264$837$326
33 years$3,779$2,608$1,758$1,163$757$284
34 years$3,627$2,472$1,643$1,070$685$248
35 years$3,485$2,345$1,536$985$621$216
36 years$3,351$2,225$1,437$907$562$189
37 years$3,225$2,114$1,345$836$510$165
38 years$3,105$2,009$1,260$770$462$144
39 years$2,992$1,910$1,180$710$419$126
40 years$2,885$1,817$1,106$655$380$110
41 years$2,783$1,730$1,037$604$345$96
42 years$2,686$1,647$973$558$313$84
43 years$2,594$1,570$913$515$284$73
44 years$2,507$1,496$857$475$258$64
45 years$2,424$1,427$805$439$234$56
46 years$2,344$1,361$756$406$212$49
47 years$2,268$1,299$710$375$193$43
48 years$2,196$1,240$667$346$175$37
49 years$2,126$1,184$627$320$159$33
50 years$2,060$1,131$590$296$145$29

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 $5,579 every year, while hoping to spend $58,348 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: 74/14/12 Blend
60$2,110,000$2,110,000$2,110,000$2,110,000
61$2,330,975$2,219,145$2,186,440$2,497,432
62$2,506,652$2,265,801$2,197,604$2,654,789
63$2,698,293$2,312,788$2,207,186$2,819,326
64$2,907,465$2,360,060$2,215,072$2,997,996
65$3,135,891$2,407,568$2,221,142$3,192,182
66$3,385,470$2,455,257$2,225,268$3,403,410
67$3,658,293$2,503,069$2,227,320$3,633,358
68$3,956,660$2,550,940$2,227,156$3,883,878
69$4,283,104$2,598,802$2,224,631$4,157,006
70$4,640,417$2,646,579$2,219,592$4,454,989
71$5,031,669$2,694,191$2,211,877$4,780,299
72$5,460,243$2,741,550$2,201,319$5,135,662
73$5,929,865$2,788,564$2,187,741$5,524,080
74$6,444,639$2,835,130$2,170,957$5,948,862
75$7,009,081$2,881,141$2,150,774$6,413,653
76$7,628,170$2,926,480$2,126,988$6,922,469
77$8,307,388$2,971,021$2,099,386$7,479,736
78$9,052,771$3,014,631$2,067,745$8,090,331
79$9,870,972$3,057,166$2,031,833$8,759,627
80$10,769,316$3,098,472$1,991,404$9,493,547
81$11,755,873$3,138,385$1,946,203$10,298,616
82$12,839,534$3,176,727$1,895,963$11,182,024
83$14,030,093$3,213,313$1,840,404$12,151,697
84$15,338,337$3,247,940$1,779,232$13,216,367
85$16,776,153$3,280,395$1,712,142$14,385,657
86$18,356,635$3,310,449$1,638,814$15,670,173
87$20,094,211$3,337,859$1,558,912$17,081,603
88$22,004,772$3,362,366$1,472,088$18,632,825
89$24,105,831$3,383,694$1,377,975$20,338,035
90$26,416,680$3,401,550$1,276,191$22,212,875
91$28,958,575$3,415,619$1,166,337$24,274,585
92$31,754,936$3,425,571$1,047,996$26,542,162
93$34,831,568$3,431,053$920,732$29,036,543
94$38,216,901$3,431,688$784,090$31,780,803
95$41,942,263$3,427,078$637,595$34,800,372
96$46,042,170$3,416,800$480,750$38,123,272
97$50,554,653$3,400,406$313,037$41,780,389
98$55,521,620$3,377,418$133,916$45,805,761
99$60,989,244$3,347,330$0$50,236,897
100$67,008,405$3,309,608$0$55,122,466