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%16.3%
1 years$181,674$180,056$178,477$176,936$175,431$170,913
2 years$89,938$88,263$86,639$85,065$83,539$79,017
3 years$59,363$57,681$56,061$54,502$53,000$48,616
4 years$44,078$42,401$40,798$39,266$37,800$33,587
5 years$34,910$33,243$31,661$30,160$28,735$24,705
6 years$28,800$27,146$25,587$24,119$22,737$18,894
7 years$24,437$22,797$21,263$19,830$18,491$14,836
8 years$21,167$19,541$18,033$16,635$15,340$11,871
9 years$18,624$17,014$15,531$14,169$12,919$9,632
10 years$16,592$14,997$13,541$12,214$11,007$7,899
11 years$14,930$13,351$11,921$10,630$9,467$6,532
12 years$13,546$11,983$10,580$9,324$8,204$5,438
13 years$12,375$10,829$9,452$8,231$7,154$4,551
14 years$11,373$9,843$8,493$7,307$6,271$3,826
15 years$10,505$8,992$7,668$6,516$5,521$3,228
16 years$9,747$8,250$6,952$5,835$4,880$2,731
17 years$9,078$7,598$6,326$5,243$4,327$2,316
18 years$8,485$7,021$5,775$4,725$3,847$1,969
19 years$7,954$6,507$5,287$4,269$3,429$1,676
20 years$7,477$6,047$4,852$3,866$3,063$1,429
21 years$7,046$5,632$4,463$3,509$2,741$1,220
22 years$6,655$5,257$4,113$3,191$2,457$1,043
23 years$6,298$4,917$3,798$2,906$2,205$892
24 years$5,972$4,607$3,512$2,650$1,982$763
25 years$5,672$4,323$3,253$2,420$1,784$654
26 years$5,396$4,063$3,017$2,213$1,607$560
27 years$5,140$3,824$2,802$2,026$1,449$481
28 years$4,903$3,603$2,604$1,856$1,307$412
29 years$4,683$3,399$2,424$1,702$1,180$354
30 years$4,478$3,210$2,258$1,562$1,066$304
31 years$4,287$3,035$2,105$1,434$964$261
32 years$4,108$2,872$1,964$1,318$872$224
33 years$3,940$2,719$1,833$1,212$789$192
34 years$3,782$2,577$1,713$1,115$715$165
35 years$3,634$2,445$1,602$1,027$647$142
36 years$3,494$2,320$1,498$946$586$122
37 years$3,362$2,204$1,402$871$532$105
38 years$3,238$2,094$1,313$803$482$90
39 years$3,120$1,992$1,230$740$437$77
40 years$3,008$1,895$1,153$683$396$66
41 years$2,902$1,804$1,081$630$360$57
42 years$2,801$1,718$1,014$582$326$49
43 years$2,705$1,637$952$537$296$42
44 years$2,614$1,560$893$496$269$36
45 years$2,527$1,488$839$458$244$31
46 years$2,444$1,419$788$423$222$27
47 years$2,365$1,354$740$391$201$23
48 years$2,289$1,293$696$361$183$20
49 years$2,217$1,235$654$334$166$17
50 years$2,148$1,179$615$308$151$15

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 $5,533 every year, while hoping to spend $42,355 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: 60/29/11 Blend
60$2,200,000$2,200,000$2,200,000$2,200,000
61$2,430,107$2,313,507$2,279,407$2,569,262
62$2,632,913$2,381,804$2,310,702$2,731,707
63$2,854,985$2,452,027$2,341,626$2,903,532
64$3,098,244$2,524,227$2,372,121$3,089,921
65$3,364,806$2,598,455$2,402,127$3,292,283
66$3,656,998$2,674,761$2,431,581$3,512,166
67$3,977,387$2,753,200$2,460,414$3,751,274
68$4,328,798$2,833,825$2,488,556$4,011,484
69$4,714,344$2,916,690$2,515,930$4,294,862
70$5,137,451$3,001,852$2,542,458$4,603,683
71$5,601,895$3,089,367$2,568,055$4,940,451
72$6,111,837$3,179,294$2,592,633$5,307,923
73$6,671,856$3,271,692$2,616,098$5,709,138
74$7,287,001$3,366,620$2,638,353$6,147,438
75$7,962,832$3,464,141$2,659,294$6,626,507
76$8,705,472$3,564,315$2,678,812$7,150,402
77$9,521,670$3,667,207$2,696,792$7,723,590
78$10,418,860$3,772,880$2,713,115$8,350,993
79$11,405,232$3,881,399$2,727,652$9,038,032
80$12,489,809$3,992,830$2,740,271$9,790,677
81$13,682,531$4,107,241$2,750,832$10,615,507
82$14,994,353$4,224,699$2,759,188$11,519,768
83$16,437,340$4,345,273$2,765,185$12,511,441
84$18,024,790$4,469,032$2,768,659$13,599,322
85$19,771,350$4,596,047$2,769,442$14,793,098
86$21,693,163$4,726,388$2,767,353$16,103,444
87$23,808,013$4,860,128$2,762,207$17,542,119
88$26,135,495$4,997,339$2,753,805$19,122,080
89$28,697,201$5,138,094$2,741,943$20,857,602
90$31,516,921$5,282,466$2,726,404$22,764,413
91$34,620,869$5,430,530$2,706,961$24,859,843
92$38,037,931$5,582,359$2,683,377$27,162,987
93$41,799,934$5,738,029$2,655,404$29,694,884
94$45,941,948$5,897,613$2,622,781$32,478,716
95$50,502,618$6,061,187$2,585,235$35,540,027
96$55,524,526$6,228,826$2,542,482$38,906,962
97$61,054,594$6,400,605$2,494,221$42,610,535
98$67,144,526$6,576,597$2,440,140$46,684,921
99$73,851,294$6,756,878$2,379,912$51,167,775
100$81,237,682$6,941,520$2,313,195$56,100,594