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%13.6%
1 years$176,719$175,145$173,609$172,110$170,647$168,096
2 years$87,485$85,855$84,276$82,745$81,260$78,697
3 years$57,744$56,107$54,532$53,016$51,555$49,058
4 years$42,876$41,245$39,686$38,195$36,769$34,358
5 years$33,958$32,337$30,798$29,337$27,951$25,633
6 years$28,015$26,405$24,889$23,461$22,117$19,894
7 years$23,771$22,175$20,683$19,289$17,987$15,860
8 years$20,590$19,008$17,541$16,181$14,922$12,890
9 years$18,116$16,550$15,108$13,783$12,567$10,630
10 years$16,139$14,588$13,171$11,881$10,707$8,864
11 years$14,522$12,987$11,596$10,340$9,209$7,456
12 years$13,176$11,656$10,291$9,069$7,980$6,317
13 years$12,038$10,534$9,194$8,007$6,959$5,383
14 years$11,063$9,575$8,261$7,108$6,100$4,608
15 years$10,219$8,747$7,459$6,339$5,371$3,961
16 years$9,481$8,025$6,762$5,676$4,747$3,416
17 years$8,831$7,391$6,154$5,100$4,209$2,954
18 years$8,253$6,829$5,617$4,596$3,742$2,561
19 years$7,737$6,330$5,142$4,153$3,336$2,225
20 years$7,273$5,882$4,719$3,761$2,979$1,936
21 years$6,854$5,479$4,341$3,413$2,666$1,687
22 years$6,473$5,114$4,001$3,104$2,390$1,472
23 years$6,127$4,783$3,694$2,826$2,145$1,286
24 years$5,809$4,481$3,416$2,578$1,928$1,124
25 years$5,517$4,206$3,164$2,354$1,735$984
26 years$5,248$3,953$2,935$2,153$1,563$862
27 years$5,000$3,720$2,725$1,970$1,409$755
28 years$4,770$3,505$2,533$1,805$1,271$662
29 years$4,556$3,307$2,358$1,655$1,148$581
30 years$4,356$3,123$2,196$1,519$1,037$510
31 years$4,170$2,952$2,047$1,395$938$447
32 years$3,996$2,793$1,910$1,282$848$393
33 years$3,832$2,645$1,783$1,179$768$345
34 years$3,679$2,507$1,666$1,085$695$303
35 years$3,535$2,378$1,558$999$630$267
36 years$3,399$2,257$1,457$920$570$234
37 years$3,271$2,144$1,364$848$517$206
38 years$3,149$2,037$1,277$781$469$181
39 years$3,034$1,937$1,197$720$425$159
40 years$2,926$1,843$1,122$664$386$140
41 years$2,823$1,754$1,052$613$350$123
42 years$2,725$1,671$987$566$317$108
43 years$2,631$1,592$926$522$288$95
44 years$2,543$1,518$869$482$261$84
45 years$2,458$1,447$816$445$237$74
46 years$2,377$1,381$766$411$216$65
47 years$2,301$1,317$720$380$196$57
48 years$2,227$1,258$677$351$178$50
49 years$2,157$1,201$636$325$161$44
50 years$2,089$1,147$598$300$147$39

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 $3,427 every year, while hoping to spend $42,376 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: 49/31/20 Blend
60$2,140,000$2,140,000$2,140,000$2,140,000
61$2,361,815$2,248,395$2,215,225$2,464,121
62$2,557,632$2,313,479$2,244,347$2,600,537
63$2,772,003$2,380,331$2,273,025$2,744,063
64$3,006,774$2,448,994$2,301,198$2,899,092
65$3,263,981$2,519,511$2,328,804$3,066,724
66$3,545,864$2,591,924$2,355,776$3,248,171
67$3,854,891$2,666,277$2,382,044$3,444,764
68$4,193,781$2,742,616$2,407,533$3,657,970
69$4,565,527$2,820,984$2,432,166$3,889,404
70$4,973,426$2,901,428$2,455,859$4,140,845
71$5,421,111$2,983,993$2,478,525$4,414,251
72$5,912,581$3,068,726$2,500,073$4,711,779
73$6,452,246$3,155,674$2,520,406$5,035,803
74$7,044,958$3,244,886$2,539,423$5,388,941
75$7,696,066$3,336,408$2,557,017$5,774,073
76$8,411,462$3,430,289$2,573,074$6,194,374
77$9,197,636$3,526,577$2,587,476$6,653,338
78$10,061,738$3,625,323$2,600,100$7,154,819
79$11,011,645$3,726,574$2,610,813$7,703,058
80$12,056,037$3,830,380$2,619,479$8,302,729
81$13,204,474$3,936,790$2,625,954$8,958,983
82$14,467,492$4,045,854$2,630,085$9,677,492
83$15,856,697$4,157,622$2,631,713$10,464,507
84$17,384,877$4,272,142$2,630,672$11,326,915
85$19,066,121$4,389,464$2,626,786$12,272,303
86$20,915,953$4,509,636$2,619,872$13,309,034
87$22,951,479$4,632,706$2,609,736$14,446,318
88$25,191,545$4,758,724$2,596,177$15,694,307
89$27,656,916$4,887,735$2,578,983$17,064,186
90$30,370,474$5,019,786$2,557,931$18,568,279
91$33,357,430$5,154,923$2,532,789$20,220,167
92$36,645,564$5,293,191$2,503,314$22,034,816
93$40,265,487$5,434,633$2,469,251$24,028,715
94$44,250,927$5,579,290$2,430,331$26,220,037
95$48,639,051$5,727,205$2,386,276$28,628,805
96$53,470,811$5,878,414$2,336,793$31,277,087
97$58,791,334$6,032,957$2,281,576$34,189,198
98$64,650,344$6,190,866$2,220,303$37,391,934
99$71,102,636$6,352,176$2,152,640$40,914,825
100$78,208,588$6,516,915$2,078,237$44,790,411