Can I retire at age 61 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$176,719$175,145$173,609$172,110$170,647$168,654
2 years$87,485$85,855$84,276$82,745$81,260$79,255
3 years$57,744$56,107$54,532$53,016$51,555$49,599
4 years$42,876$41,245$39,686$38,195$36,769$34,877
5 years$33,958$32,337$30,798$29,337$27,951$26,129
6 years$28,015$26,405$24,889$23,461$22,117$20,367
7 years$23,771$22,175$20,683$19,289$17,987$16,310
8 years$20,590$19,008$17,541$16,181$14,922$13,317
9 years$18,116$16,550$15,108$13,783$12,567$11,034
10 years$16,139$14,588$13,171$11,881$10,707$9,245
11 years$14,522$12,987$11,596$10,340$9,209$7,816
12 years$13,176$11,656$10,291$9,069$7,980$6,656
13 years$12,038$10,534$9,194$8,007$6,959$5,701
14 years$11,063$9,575$8,261$7,108$6,100$4,907
15 years$10,219$8,747$7,459$6,339$5,371$4,241
16 years$9,481$8,025$6,762$5,676$4,747$3,678
17 years$8,831$7,391$6,154$5,100$4,209$3,199
18 years$8,253$6,829$5,617$4,596$3,742$2,789
19 years$7,737$6,330$5,142$4,153$3,336$2,437
20 years$7,273$5,882$4,719$3,761$2,979$2,133
21 years$6,854$5,479$4,341$3,413$2,666$1,870
22 years$6,473$5,114$4,001$3,104$2,390$1,641
23 years$6,127$4,783$3,694$2,826$2,145$1,443
24 years$5,809$4,481$3,416$2,578$1,928$1,269
25 years$5,517$4,206$3,164$2,354$1,735$1,118
26 years$5,248$3,953$2,935$2,153$1,563$985
27 years$5,000$3,720$2,725$1,970$1,409$869
28 years$4,770$3,505$2,533$1,805$1,271$767
29 years$4,556$3,307$2,358$1,655$1,148$677
30 years$4,356$3,123$2,196$1,519$1,037$598
31 years$4,170$2,952$2,047$1,395$938$529
32 years$3,996$2,793$1,910$1,282$848$467
33 years$3,832$2,645$1,783$1,179$768$413
34 years$3,679$2,507$1,666$1,085$695$366
35 years$3,535$2,378$1,558$999$630$323
36 years$3,399$2,257$1,457$920$570$286
37 years$3,271$2,144$1,364$848$517$253
38 years$3,149$2,037$1,277$781$469$224
39 years$3,034$1,937$1,197$720$425$199
40 years$2,926$1,843$1,122$664$386$176
41 years$2,823$1,754$1,052$613$350$156
42 years$2,725$1,671$987$566$317$138
43 years$2,631$1,592$926$522$288$122
44 years$2,543$1,518$869$482$261$108
45 years$2,458$1,447$816$445$237$96
46 years$2,377$1,381$766$411$216$85
47 years$2,301$1,317$720$380$196$75
48 years$2,227$1,258$677$351$178$67
49 years$2,157$1,201$636$325$161$59
50 years$2,089$1,147$598$300$147$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,140,000, adding $6,897 every year, while hoping to spend $52,729 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: 49/21/30 Blend
60$2,140,000$2,140,000$2,140,000$2,140,000
61$2,365,394$2,251,974$2,218,804$2,460,793
62$2,550,561$2,306,218$2,237,031$2,582,825
63$2,752,848$2,361,352$2,254,101$2,709,619
64$2,973,945$2,417,365$2,269,920$2,846,378
65$3,215,714$2,474,242$2,284,389$2,994,076
66$3,480,203$2,531,966$2,297,402$3,153,783
67$3,769,670$2,590,519$2,308,851$3,326,678
68$4,086,598$2,649,876$2,318,620$3,514,063
69$4,433,725$2,710,014$2,326,587$3,717,372
70$4,814,063$2,770,903$2,332,626$3,938,187
71$5,230,930$2,832,510$2,336,602$4,178,250
72$5,687,982$2,894,799$2,338,375$4,439,485
73$6,189,243$2,957,731$2,337,797$4,724,009
74$6,739,147$3,021,261$2,334,714$5,034,160
75$7,342,577$3,085,340$2,328,964$5,372,514
76$8,004,912$3,149,914$2,320,377$5,741,910
77$8,732,077$3,214,924$2,308,773$6,145,479
78$9,530,598$3,280,305$2,293,967$6,586,675
79$10,407,666$3,345,987$2,275,762$7,069,303
80$11,371,201$3,411,893$2,253,953$7,597,560
81$12,429,929$3,477,941$2,228,325$8,176,072
82$13,593,460$3,544,038$2,198,653$8,809,941
83$14,872,386$3,610,089$2,164,700$9,504,790
84$16,278,372$3,675,986$2,126,221$10,266,818
85$17,824,273$3,741,616$2,082,956$11,102,863
86$19,524,248$3,806,856$2,034,635$12,020,459
87$21,393,902$3,871,571$1,980,975$13,027,915
88$23,450,422$3,935,621$1,921,680$14,134,390
89$25,712,750$3,998,851$1,856,441$15,349,982
90$28,201,752$4,061,096$1,784,933$16,685,821
91$30,940,421$4,122,180$1,706,819$18,154,180
92$33,954,089$4,181,913$1,621,743$19,768,587
93$37,270,671$4,240,091$1,529,336$21,543,956
94$40,920,922$4,296,498$1,429,212$23,496,726
95$44,938,731$4,350,902$1,320,965$25,645,020
96$49,361,439$4,403,053$1,204,175$28,008,817
97$54,230,190$4,452,686$1,078,398$30,610,139
98$59,590,321$4,499,520$943,176$33,473,262
99$65,491,787$4,543,250$798,027$36,624,945
100$71,989,636$4,583,556$642,447$40,094,686