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

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$176,719$175,145$173,609$172,110$170,647$169,358
2 years$87,485$85,855$84,276$82,745$81,260$79,961
3 years$57,744$56,107$54,532$53,016$51,555$50,286
4 years$42,876$41,245$39,686$38,195$36,769$35,540
5 years$33,958$32,337$30,798$29,337$27,951$26,765
6 years$28,015$26,405$24,889$23,461$22,117$20,975
7 years$23,771$22,175$20,683$19,289$17,987$16,890
8 years$20,590$19,008$17,541$16,181$14,922$13,870
9 years$18,116$16,550$15,108$13,783$12,567$11,559
10 years$16,139$14,588$13,171$11,881$10,707$9,744
11 years$14,522$12,987$11,596$10,340$9,209$8,289
12 years$13,176$11,656$10,291$9,069$7,980$7,103
13 years$12,038$10,534$9,194$8,007$6,959$6,124
14 years$11,063$9,575$8,261$7,108$6,100$5,306
15 years$10,219$8,747$7,459$6,339$5,371$4,617
16 years$9,481$8,025$6,762$5,676$4,747$4,031
17 years$8,831$7,391$6,154$5,100$4,209$3,530
18 years$8,253$6,829$5,617$4,596$3,742$3,100
19 years$7,737$6,330$5,142$4,153$3,336$2,728
20 years$7,273$5,882$4,719$3,761$2,979$2,406
21 years$6,854$5,479$4,341$3,413$2,666$2,125
22 years$6,473$5,114$4,001$3,104$2,390$1,879
23 years$6,127$4,783$3,694$2,826$2,145$1,664
24 years$5,809$4,481$3,416$2,578$1,928$1,476
25 years$5,517$4,206$3,164$2,354$1,735$1,310
26 years$5,248$3,953$2,935$2,153$1,563$1,164
27 years$5,000$3,720$2,725$1,970$1,409$1,034
28 years$4,770$3,505$2,533$1,805$1,271$920
29 years$4,556$3,307$2,358$1,655$1,148$819
30 years$4,356$3,123$2,196$1,519$1,037$729
31 years$4,170$2,952$2,047$1,395$938$650
32 years$3,996$2,793$1,910$1,282$848$579
33 years$3,832$2,645$1,783$1,179$768$517
34 years$3,679$2,507$1,666$1,085$695$461
35 years$3,535$2,378$1,558$999$630$411
36 years$3,399$2,257$1,457$920$570$367
37 years$3,271$2,144$1,364$848$517$328
38 years$3,149$2,037$1,277$781$469$293
39 years$3,034$1,937$1,197$720$425$261
40 years$2,926$1,843$1,122$664$386$233
41 years$2,823$1,754$1,052$613$350$208
42 years$2,725$1,671$987$566$317$186
43 years$2,631$1,592$926$522$288$166
44 years$2,543$1,518$869$482$261$149
45 years$2,458$1,447$816$445$237$133
46 years$2,377$1,381$766$411$216$119
47 years$2,301$1,317$720$380$196$106
48 years$2,227$1,258$677$351$178$95
49 years$2,157$1,201$636$325$161$85
50 years$2,089$1,147$598$300$147$76

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 $5,176 every year, while hoping to spend $31,954 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: 44/35/21 Blend
60$2,140,000$2,140,000$2,140,000$2,140,000
61$2,363,619$2,250,199$2,217,029$2,453,036
62$2,570,709$2,326,460$2,257,301$2,592,907
63$2,797,852$2,405,387$2,297,851$2,740,896
64$3,047,058$2,487,076$2,338,654$2,900,656
65$3,320,544$2,571,629$2,379,685$3,073,291
66$3,620,751$2,659,149$2,420,915$3,260,018
67$3,950,365$2,749,746$2,462,314$3,462,173
68$4,312,350$2,843,531$2,503,849$3,681,226
69$4,709,968$2,940,622$2,545,486$3,918,795
70$5,146,811$3,041,139$2,587,186$4,176,660
71$5,626,840$3,145,210$2,628,912$4,456,776
72$6,154,417$3,252,964$2,670,619$4,761,299
73$6,734,346$3,364,537$2,712,263$5,092,598
74$7,371,921$3,480,071$2,753,796$5,453,282
75$8,072,975$3,599,713$2,795,166$5,846,221
76$8,843,933$3,723,614$2,836,319$6,274,577
77$9,691,877$3,851,933$2,877,198$6,741,826
78$10,624,605$3,984,834$2,917,741$7,251,799
79$11,650,712$4,122,489$2,957,882$7,808,711
80$12,779,668$4,265,074$2,997,555$8,417,205
81$14,021,905$4,412,774$3,036,684$9,082,391
82$15,388,921$4,565,781$3,075,194$9,809,897
83$16,893,380$4,724,294$3,113,002$10,605,921
84$18,549,240$4,888,519$3,150,023$11,477,286
85$20,371,879$5,058,673$3,186,166$12,431,510
86$22,378,242$5,234,979$3,221,333$13,476,869
87$24,586,999$5,417,670$3,255,424$14,622,481
88$27,018,724$5,606,987$3,288,332$15,878,386
89$29,696,086$5,803,181$3,319,944$17,255,645
90$32,644,065$6,006,516$3,350,140$18,766,440
91$35,890,186$6,217,261$3,378,796$20,424,189
92$39,464,778$6,435,700$3,405,779$22,243,676
93$43,401,263$6,662,127$3,430,950$24,241,182
94$47,736,469$6,896,848$3,454,164$26,434,646
95$52,510,976$7,140,181$3,475,266$28,843,828
96$57,769,503$7,392,457$3,494,094$31,490,498
97$63,561,325$7,654,021$3,510,480$34,398,639
98$69,940,743$7,925,230$3,524,243$37,594,671
99$76,967,590$8,206,457$3,535,196$41,107,704
100$84,707,801$8,498,091$3,543,142$44,969,809