Can I retire at age 61 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$180,848$179,237$177,666$176,132$174,634$172,882
2 years$89,529$87,861$86,245$84,679$83,159$81,394
3 years$59,093$57,418$55,807$54,254$52,759$51,037
4 years$43,878$42,209$40,613$39,087$37,628$35,962
5 years$34,751$33,092$31,517$30,023$28,605$26,998
6 years$28,669$27,022$25,471$24,009$22,634$21,089
7 years$24,326$22,693$21,166$19,739$18,407$16,926
8 years$21,071$19,452$17,951$16,559$15,271$13,852
9 years$18,540$16,937$15,461$14,105$12,860$11,504
10 years$16,516$14,929$13,479$12,158$10,957$9,663
11 years$14,862$13,290$11,867$10,581$9,424$8,189
12 years$13,484$11,929$10,531$9,281$8,166$6,991
13 years$12,319$10,780$9,409$8,194$7,121$6,004
14 years$11,321$9,799$8,454$7,274$6,242$5,182
15 years$10,458$8,951$7,633$6,487$5,496$4,490
16 years$9,703$8,213$6,920$5,808$4,858$3,905
17 years$9,037$7,564$6,297$5,219$4,307$3,405
18 years$8,446$6,989$5,749$4,703$3,830$2,978
19 years$7,918$6,477$5,263$4,250$3,414$2,609
20 years$7,443$6,019$4,830$3,849$3,049$2,291
21 years$7,014$5,607$4,442$3,493$2,729$2,014
22 years$6,625$5,234$4,094$3,176$2,446$1,774
23 years$6,270$4,895$3,780$2,892$2,195$1,564
24 years$5,945$4,586$3,496$2,638$1,973$1,380
25 years$5,646$4,304$3,238$2,409$1,776$1,219
26 years$5,371$4,045$3,003$2,203$1,599$1,078
27 years$5,117$3,807$2,789$2,016$1,442$954
28 years$4,881$3,587$2,593$1,847$1,301$844
29 years$4,662$3,384$2,413$1,694$1,175$748
30 years$4,458$3,196$2,247$1,555$1,062$663
31 years$4,267$3,021$2,095$1,428$960$588
32 years$4,089$2,859$1,955$1,312$868$521
33 years$3,922$2,707$1,825$1,207$786$463
34 years$3,765$2,566$1,705$1,110$711$411
35 years$3,617$2,434$1,594$1,022$644$364
36 years$3,478$2,310$1,491$941$584$324
37 years$3,347$2,194$1,396$867$529$287
38 years$3,223$2,085$1,307$799$480$255
39 years$3,105$1,983$1,225$737$435$227
40 years$2,994$1,886$1,148$680$395$202
41 years$2,888$1,795$1,076$627$358$179
42 years$2,788$1,710$1,010$579$325$159
43 years$2,693$1,629$948$534$295$142
44 years$2,602$1,553$889$493$268$126
45 years$2,516$1,481$835$456$243$112
46 years$2,433$1,413$784$421$221$100
47 years$2,354$1,348$737$389$200$89
48 years$2,279$1,287$692$359$182$79
49 years$2,207$1,229$651$332$165$70
50 years$2,138$1,174$612$307$150$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,190,000, adding $4,039 every year, while hoping to spend $37,047 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: 53/38/9 Blend
60$2,190,000$2,190,000$2,190,000$2,190,000
61$2,417,546$2,301,476$2,267,531$2,540,006
62$2,624,718$2,374,831$2,304,076$2,696,945
63$2,851,780$2,450,538$2,340,603$2,863,233
64$3,100,722$2,528,674$2,377,073$3,043,266
65$3,373,734$2,609,318$2,413,444$3,238,351
66$3,673,231$2,692,551$2,449,670$3,449,926
67$4,001,871$2,778,456$2,485,704$3,679,573
68$4,362,582$2,867,121$2,521,496$3,929,032
69$4,758,590$2,958,635$2,556,991$4,200,219
70$5,193,448$3,053,090$2,592,132$4,495,239
71$5,671,071$3,150,582$2,626,859$4,816,412
72$6,195,769$3,251,210$2,661,108$5,166,290
73$6,772,294$3,355,075$2,694,812$5,547,681
74$7,405,878$3,462,284$2,727,898$5,963,677
75$8,102,285$3,572,944$2,760,290$6,417,681
76$8,867,868$3,687,168$2,791,910$6,913,442
77$9,709,624$3,805,072$2,822,672$7,455,083
78$10,635,262$3,926,777$2,852,488$8,047,148
79$11,653,275$4,052,406$2,881,263$8,694,638
80$12,773,022$4,182,087$2,908,898$9,403,060
81$14,004,814$4,315,952$2,935,289$10,178,481
82$15,360,009$4,454,138$2,960,326$11,027,578
83$16,851,126$4,596,787$2,983,893$11,957,709
84$18,491,955$4,744,044$3,005,868$12,976,976
85$20,297,693$4,896,060$3,026,122$14,094,301
86$22,285,081$5,052,990$3,044,521$15,319,515
87$24,472,569$5,214,997$3,060,923$16,663,442
88$26,880,486$5,382,246$3,075,178$18,138,008
89$29,531,228$5,554,909$3,087,129$19,756,350
90$32,449,478$5,733,164$3,096,612$21,532,938
91$35,662,430$5,917,195$3,103,454$23,483,713
92$39,200,051$6,107,191$3,107,473$25,626,237
93$43,095,362$6,303,348$3,108,479$27,979,856
94$47,384,746$6,505,869$3,106,270$30,565,884
95$52,108,298$6,714,965$3,100,638$33,407,801
96$57,310,196$6,930,850$3,091,362$36,531,477
97$63,039,125$7,153,750$3,078,210$39,965,413
98$69,348,727$7,383,896$3,060,942$43,741,012
99$76,298,117$7,621,526$3,039,303$47,892,872
100$83,952,433$7,866,889$3,013,028$52,459,110