Can I retire at age 61 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$181,674$180,056$178,477$176,936$175,431$172,738
2 years$89,938$88,263$86,639$85,065$83,539$80,832
3 years$59,363$57,681$56,061$54,502$53,000$50,364
4 years$44,078$42,401$40,798$39,266$37,800$35,255
5 years$34,910$33,243$31,661$30,160$28,735$26,288
6 years$28,800$27,146$25,587$24,119$22,737$20,391
7 years$24,437$22,797$21,263$19,830$18,491$16,248
8 years$21,167$19,541$18,033$16,635$15,340$13,198
9 years$18,624$17,014$15,531$14,169$12,919$10,877
10 years$16,592$14,997$13,541$12,214$11,007$9,064
11 years$14,930$13,351$11,921$10,630$9,467$7,620
12 years$13,546$11,983$10,580$9,324$8,204$6,452
13 years$12,375$10,829$9,452$8,231$7,154$5,494
14 years$11,373$9,843$8,493$7,307$6,271$4,701
15 years$10,505$8,992$7,668$6,516$5,521$4,038
16 years$9,747$8,250$6,952$5,835$4,880$3,479
17 years$9,078$7,598$6,326$5,243$4,327$3,007
18 years$8,485$7,021$5,775$4,725$3,847$2,605
19 years$7,954$6,507$5,287$4,269$3,429$2,261
20 years$7,477$6,047$4,852$3,866$3,063$1,966
21 years$7,046$5,632$4,463$3,509$2,741$1,712
22 years$6,655$5,257$4,113$3,191$2,457$1,493
23 years$6,298$4,917$3,798$2,906$2,205$1,303
24 years$5,972$4,607$3,512$2,650$1,982$1,138
25 years$5,672$4,323$3,253$2,420$1,784$995
26 years$5,396$4,063$3,017$2,213$1,607$871
27 years$5,140$3,824$2,802$2,026$1,449$763
28 years$4,903$3,603$2,604$1,856$1,307$668
29 years$4,683$3,399$2,424$1,702$1,180$586
30 years$4,478$3,210$2,258$1,562$1,066$514
31 years$4,287$3,035$2,105$1,434$964$451
32 years$4,108$2,872$1,964$1,318$872$395
33 years$3,940$2,719$1,833$1,212$789$347
34 years$3,782$2,577$1,713$1,115$715$305
35 years$3,634$2,445$1,602$1,027$647$268
36 years$3,494$2,320$1,498$946$586$235
37 years$3,362$2,204$1,402$871$532$206
38 years$3,238$2,094$1,313$803$482$181
39 years$3,120$1,992$1,230$740$437$159
40 years$3,008$1,895$1,153$683$396$140
41 years$2,902$1,804$1,081$630$360$123
42 years$2,801$1,718$1,014$582$326$108
43 years$2,705$1,637$952$537$296$95
44 years$2,614$1,560$893$496$269$84
45 years$2,527$1,488$839$458$244$73
46 years$2,444$1,419$788$423$222$65
47 years$2,365$1,354$740$391$201$57
48 years$2,289$1,293$696$361$183$50
49 years$2,217$1,235$654$334$166$44
50 years$2,148$1,179$615$308$151$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,200,000, adding $4,799 every year, while hoping to spend $40,224 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: 77/17/6 Blend
60$2,200,000$2,200,000$2,200,000$2,200,000
61$2,429,350$2,312,750$2,278,650$2,614,693
62$2,634,346$2,383,277$2,312,187$2,807,540
63$2,858,903$2,455,911$2,345,499$3,013,224
64$3,104,974$2,530,714$2,378,536$3,237,538
65$3,374,711$2,607,748$2,411,246$3,482,313
66$3,670,480$2,687,077$2,443,572$3,749,568
67$3,994,892$2,768,767$2,475,455$4,041,525
68$4,350,820$2,852,885$2,506,831$4,360,630
69$4,741,429$2,939,501$2,537,635$4,709,578
70$5,170,204$3,028,687$2,567,796$5,091,335
71$5,640,987$3,120,514$2,597,239$5,509,168
72$6,158,008$3,215,060$2,625,887$5,966,676
73$6,725,926$3,312,399$2,653,655$6,467,821
74$7,349,876$3,412,612$2,680,458$7,016,969
75$8,035,512$3,515,779$2,706,203$7,618,927
76$8,789,066$3,621,984$2,730,792$8,278,991
77$9,617,402$3,731,312$2,754,124$9,002,995
78$10,528,081$3,843,850$2,776,091$9,797,365
79$11,529,434$3,959,688$2,796,580$10,669,178
80$12,630,642$4,078,918$2,815,471$11,626,234
81$13,841,817$4,201,635$2,832,639$12,677,122
82$15,174,102$4,327,934$2,847,951$13,831,307
83$16,639,772$4,457,915$2,861,270$15,099,216
84$18,252,356$4,591,680$2,872,449$16,492,334
85$20,026,755$4,729,332$2,881,336$18,023,319
86$21,979,393$4,870,977$2,887,768$19,706,113
87$24,128,361$5,016,725$2,891,579$21,556,078
88$26,493,597$5,166,688$2,892,590$23,590,141
89$29,097,067$5,320,979$2,890,615$25,826,951
90$31,962,977$5,479,716$2,885,460$28,287,055
91$35,117,997$5,643,018$2,876,919$30,993,093
92$38,591,515$5,811,008$2,864,778$33,970,011
93$42,415,913$5,983,812$2,848,812$37,245,296
94$46,626,874$6,161,556$2,828,785$40,849,234
95$51,263,716$6,344,374$2,804,450$44,815,196
96$56,369,765$6,532,397$2,775,549$49,179,953
97$61,992,760$6,725,764$2,741,809$53,984,025
98$68,185,310$6,924,614$2,702,948$59,272,057
99$75,005,382$7,129,091$2,658,667$65,093,245
100$82,516,854$7,339,340$2,608,655$71,501,799