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 $6,317 every year, while hoping to spend $34,843 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: 44/34/22 Blend
60$2,140,000$2,140,000$2,140,000$2,140,000
61$2,364,796$2,251,376$2,218,206$2,453,523
62$2,568,932$2,324,621$2,255,443$2,590,098
63$2,792,723$2,400,287$2,292,760$2,734,162
64$3,038,136$2,478,456$2,330,122$2,889,615
65$3,307,338$2,559,212$2,367,494$3,057,532
66$3,602,717$2,642,645$2,404,836$3,239,091
67$3,926,903$2,728,843$2,442,107$3,435,591
68$4,282,793$2,817,901$2,479,262$3,648,460
69$4,673,576$2,909,917$2,516,256$3,879,270
70$5,102,768$3,004,990$2,553,038$4,129,748
71$5,574,241$3,103,226$2,589,556$4,401,799
72$6,092,261$3,204,731$2,625,753$4,697,516
73$6,661,526$3,309,617$2,661,570$5,019,204
74$7,287,214$3,418,001$2,696,945$5,369,399
75$7,975,028$3,530,000$2,731,810$5,750,896
76$8,731,250$3,645,741$2,766,096$6,166,769
77$9,562,805$3,765,349$2,799,728$6,620,404
78$10,477,319$3,888,959$2,832,626$7,115,529
79$11,483,195$4,016,708$2,864,709$7,656,248
80$12,589,693$4,148,738$2,895,888$8,247,081
81$13,807,011$4,285,196$2,926,070$8,893,008
82$15,146,392$4,426,236$2,955,159$9,599,509
83$16,620,218$4,572,015$2,983,050$10,372,622
84$18,242,134$4,722,698$3,009,637$11,218,998
85$20,027,175$4,878,453$3,034,803$12,145,962
86$21,991,907$5,039,458$3,058,429$13,161,582
87$24,154,583$5,205,893$3,080,388$14,274,743
88$26,535,317$5,377,949$3,100,548$15,495,237
89$29,156,270$5,555,819$3,118,767$16,833,847
90$32,041,863$5,739,707$3,134,899$18,302,452
91$35,219,003$5,929,822$3,148,788$19,914,140
92$38,717,340$6,126,383$3,160,271$21,683,328
93$42,569,547$6,329,614$3,169,179$23,625,900
94$46,811,625$6,539,749$3,175,330$25,759,355
95$51,483,245$6,757,030$3,178,537$28,102,971
96$56,628,119$6,981,709$3,178,602$30,677,991
97$62,294,419$7,214,044$3,175,317$33,507,815
98$68,535,224$7,454,306$3,168,464$36,618,228
99$75,409,024$7,702,774$3,157,815$40,037,640
100$82,980,273$7,959,739$3,143,130$43,797,350