Can I retire at age 61 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$177,545$175,964$174,421$172,915$171,444$168,673
2 years$87,894$86,257$84,670$83,132$81,640$78,856
3 years$58,014$56,370$54,787$53,263$51,796$49,085
4 years$43,077$41,438$39,871$38,373$36,941$34,325
5 years$34,117$32,488$30,942$29,474$28,082$25,568
6 years$28,145$26,529$25,005$23,571$22,220$19,811
7 years$23,882$22,279$20,780$19,379$18,071$15,768
8 years$20,686$19,097$17,623$16,257$14,992$12,793
9 years$18,201$16,627$15,178$13,847$12,625$10,531
10 years$16,215$14,656$13,233$11,936$10,757$8,765
11 years$14,590$13,048$11,650$10,388$9,252$7,360
12 years$13,238$11,711$10,339$9,112$8,017$6,223
13 years$12,094$10,583$9,237$8,044$6,991$5,292
14 years$11,115$9,620$8,300$7,141$6,128$4,522
15 years$10,267$8,788$7,494$6,368$5,396$3,879
16 years$9,525$8,063$6,794$5,702$4,769$3,338
17 years$8,872$7,425$6,182$5,123$4,229$2,881
18 years$8,292$6,861$5,644$4,617$3,760$2,492
19 years$7,773$6,359$5,166$4,172$3,351$2,160
20 years$7,307$5,909$4,742$3,779$2,993$1,875
21 years$6,886$5,504$4,361$3,429$2,679$1,630
22 years$6,504$5,138$4,020$3,118$2,401$1,419
23 years$6,155$4,805$3,711$2,840$2,155$1,237
24 years$5,836$4,502$3,432$2,590$1,937$1,079
25 years$5,543$4,225$3,179$2,365$1,743$942
26 years$5,273$3,971$2,948$2,163$1,570$823
27 years$5,023$3,737$2,738$1,980$1,416$720
28 years$4,792$3,522$2,545$1,814$1,277$629
29 years$4,577$3,322$2,369$1,663$1,153$551
30 years$4,376$3,137$2,206$1,526$1,042$482
31 years$4,189$2,966$2,057$1,402$942$422
32 years$4,014$2,806$1,919$1,288$852$370
33 years$3,850$2,658$1,792$1,185$771$324
34 years$3,696$2,519$1,674$1,090$698$284
35 years$3,551$2,389$1,565$1,003$633$249
36 years$3,415$2,268$1,464$924$573$218
37 years$3,286$2,154$1,370$852$519$192
38 years$3,164$2,047$1,283$785$471$168
39 years$3,049$1,946$1,202$724$427$147
40 years$2,939$1,852$1,127$667$387$129
41 years$2,836$1,763$1,057$616$351$113
42 years$2,737$1,679$991$568$319$100
43 years$2,644$1,599$930$525$289$87
44 years$2,555$1,525$873$484$263$77
45 years$2,470$1,454$820$447$238$67
46 years$2,389$1,387$770$413$217$59
47 years$2,311$1,324$723$382$197$52
48 years$2,237$1,264$680$353$179$45
49 years$2,167$1,207$639$326$162$40
50 years$2,099$1,153$601$301$147$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,150,000, adding $3,138 every year, while hoping to spend $28,206 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: 76/7/17 Blend
60$2,150,000$2,150,000$2,150,000$2,150,000
61$2,372,537$2,258,587$2,225,262$2,543,582
62$2,584,525$2,339,247$2,269,797$2,737,754
63$2,817,190$2,422,913$2,314,879$2,946,762
64$3,072,612$2,509,705$2,360,496$3,175,155
65$3,353,081$2,599,743$2,406,635$3,424,859
66$3,661,120$2,693,156$2,453,283$3,697,993
67$3,999,510$2,790,075$2,500,423$3,996,893
68$4,371,311$2,890,640$2,548,038$4,324,129
69$4,779,897$2,994,994$2,596,110$4,682,536
70$5,228,984$3,103,286$2,644,617$5,075,232
71$5,722,667$3,215,674$2,693,538$5,505,653
72$6,265,455$3,332,318$2,742,848$5,977,587
73$6,862,319$3,453,389$2,792,521$6,495,201
74$7,518,733$3,579,063$2,842,528$7,063,091
75$8,240,730$3,709,523$2,892,839$7,686,316
76$9,034,956$3,844,961$2,943,421$8,370,451
77$9,908,734$3,985,576$2,994,237$9,121,637
78$10,870,132$4,131,576$3,045,251$9,946,641
79$11,928,039$4,283,178$3,096,421$10,852,916
80$13,092,251$4,440,606$3,147,703$11,848,676
81$14,373,561$4,604,096$3,199,052$12,942,968
82$15,783,860$4,773,892$3,250,416$14,145,763
83$17,336,252$4,950,251$3,301,743$15,468,042
84$19,045,175$5,133,439$3,352,977$16,921,909
85$20,926,538$5,323,732$3,404,056$18,520,698
86$22,997,870$5,521,420$3,454,918$20,279,100
87$25,278,489$5,726,806$3,505,493$22,213,303
88$27,789,677$5,940,202$3,555,710$24,341,144
89$30,554,890$6,161,937$3,605,492$26,682,277
90$33,599,970$6,392,354$3,654,757$29,258,357
91$36,953,396$6,631,808$3,703,420$32,093,246
92$40,646,547$6,880,671$3,751,390$35,213,237
93$44,714,003$7,139,332$3,798,569$38,647,303
94$49,193,866$7,408,194$3,844,856$42,427,368
95$54,128,126$7,687,681$3,890,144$46,588,609
96$59,563,049$7,978,232$3,934,318$51,169,790
97$65,549,620$8,280,306$3,977,258$56,213,624
98$72,144,023$8,594,382$4,018,838$61,767,179
99$79,408,168$8,920,961$4,058,924$67,882,319
100$87,410,277$9,260,564$4,097,374$74,616,197