Can I retire at age 61 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$180,022$178,419$176,854$175,327$173,836$169,979
2 years$89,120$87,460$85,852$84,292$82,779$78,913
3 years$58,823$57,156$55,552$54,007$52,519$48,764
4 years$43,678$42,016$40,427$38,909$37,457$33,843
5 years$34,593$32,941$31,373$29,886$28,474$25,012
6 years$28,538$26,899$25,354$23,900$22,530$19,223
7 years$24,215$22,590$21,070$19,649$18,323$15,171
8 years$20,974$19,363$17,869$16,483$15,201$12,203
9 years$18,455$16,859$15,390$14,040$12,801$9,955
10 years$16,441$14,861$13,418$12,103$10,907$8,210
11 years$14,794$13,230$11,813$10,533$9,381$6,828
12 years$13,422$11,874$10,483$9,239$8,129$5,718
13 years$12,263$10,731$9,366$8,157$7,089$4,815
14 years$11,270$9,754$8,416$7,240$6,214$4,072
15 years$10,410$8,910$7,598$6,457$5,471$3,457
16 years$9,658$8,175$6,889$5,782$4,836$2,944
17 years$8,996$7,529$6,269$5,195$4,288$2,513
18 years$8,407$6,957$5,722$4,682$3,812$2,150
19 years$7,882$6,448$5,239$4,230$3,398$1,843
20 years$7,409$5,992$4,808$3,831$3,035$1,582
21 years$6,982$5,581$4,422$3,477$2,716$1,360
22 years$6,594$5,210$4,076$3,162$2,435$1,171
23 years$6,241$4,872$3,763$2,879$2,185$1,008
24 years$5,918$4,565$3,480$2,626$1,964$869
25 years$5,620$4,284$3,223$2,398$1,768$750
26 years$5,347$4,026$2,990$2,193$1,592$647
27 years$5,093$3,789$2,776$2,007$1,435$559
28 years$4,859$3,571$2,581$1,839$1,295$483
29 years$4,641$3,369$2,402$1,686$1,170$418
30 years$4,438$3,181$2,237$1,548$1,057$361
31 years$4,248$3,007$2,086$1,421$955$312
32 years$4,070$2,846$1,946$1,306$864$270
33 years$3,904$2,695$1,817$1,201$782$234
34 years$3,748$2,554$1,698$1,105$708$202
35 years$3,601$2,422$1,587$1,017$641$175
36 years$3,462$2,299$1,485$937$581$152
37 years$3,332$2,184$1,390$863$527$131
38 years$3,208$2,075$1,301$796$478$114
39 years$3,091$1,973$1,219$734$433$99
40 years$2,980$1,878$1,143$677$393$85
41 years$2,875$1,787$1,072$624$356$74
42 years$2,775$1,702$1,005$576$323$64
43 years$2,681$1,622$943$532$293$55
44 years$2,590$1,546$885$491$266$48
45 years$2,504$1,474$831$454$242$42
46 years$2,422$1,406$781$419$220$36
47 years$2,344$1,342$734$387$199$31
48 years$2,269$1,281$689$358$181$27
49 years$2,197$1,223$648$331$164$23
50 years$2,128$1,169$609$306$149$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,180,000, adding $5,486 every year, while hoping to spend $45,844 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: 64/29/7 Blend
60$2,180,000$2,180,000$2,180,000$2,180,000
61$2,408,019$2,292,479$2,258,689$2,558,664
62$2,604,859$2,356,033$2,285,577$2,723,225
63$2,820,241$2,421,164$2,311,830$2,896,968
64$3,056,006$2,487,902$2,337,377$3,085,529
65$3,314,185$2,556,275$2,362,145$3,290,343
66$3,597,011$2,626,313$2,386,057$3,512,989
67$3,906,947$2,698,042$2,409,030$3,755,206
68$4,246,702$2,771,493$2,430,979$4,018,907
69$4,619,261$2,846,691$2,451,812$4,306,200
70$5,027,912$2,923,665$2,471,434$4,619,405
71$5,476,276$3,002,442$2,489,745$4,961,078
72$5,968,342$3,083,048$2,506,637$5,334,032
73$6,508,503$3,165,508$2,522,000$5,741,365
74$7,101,600$3,249,847$2,535,717$6,186,491
75$7,752,964$3,336,090$2,547,663$6,673,167
76$8,468,467$3,424,259$2,557,711$7,205,534
77$9,254,580$3,514,377$2,565,723$7,788,152
78$10,118,429$3,606,464$2,571,557$8,426,044
79$11,067,867$3,700,539$2,575,063$9,124,742
80$12,111,545$3,796,621$2,576,083$9,890,343
81$13,258,993$3,894,725$2,574,452$10,729,561
82$14,520,711$3,994,867$2,569,996$11,649,794
83$15,908,266$4,097,059$2,562,534$12,659,191
84$17,434,406$4,201,311$2,551,876$13,766,731
85$19,113,172$4,307,632$2,537,820$14,982,307
86$20,960,036$4,416,027$2,520,158$16,316,817
87$22,992,046$4,526,498$2,498,669$17,782,270
88$25,227,985$4,639,047$2,473,125$19,391,896
89$27,688,548$4,753,669$2,443,283$21,160,274
90$30,396,539$4,870,358$2,408,892$23,103,466
91$33,377,083$4,989,102$2,369,687$25,239,171
92$36,657,866$5,109,889$2,325,392$27,586,891
93$40,269,393$5,232,698$2,275,718$30,168,113
94$44,245,277$5,357,506$2,220,360$33,006,517
95$48,622,556$5,484,285$2,159,003$36,128,192
96$53,442,041$5,612,999$2,091,314$39,561,888
97$58,748,704$5,743,611$2,016,948$43,339,285
98$64,592,097$5,876,073$1,935,541$47,495,292
99$71,026,823$6,010,333$1,846,713$52,068,377
100$78,113,051$6,146,331$1,750,070$57,100,928