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%15.7%
1 years$181,674$180,056$178,477$176,936$175,431$171,329
2 years$89,938$88,263$86,639$85,065$83,539$79,429
3 years$59,363$57,681$56,061$54,502$53,000$49,012
4 years$44,078$42,401$40,798$39,266$37,800$33,964
5 years$34,910$33,243$31,661$30,160$28,735$25,061
6 years$28,800$27,146$25,587$24,119$22,737$19,229
7 years$24,437$22,797$21,263$19,830$18,491$15,150
8 years$21,167$19,541$18,033$16,635$15,340$12,165
9 years$18,624$17,014$15,531$14,169$12,919$9,906
10 years$16,592$14,997$13,541$12,214$11,007$8,154
11 years$14,930$13,351$11,921$10,630$9,467$6,769
12 years$13,546$11,983$10,580$9,324$8,204$5,658
13 years$12,375$10,829$9,452$8,231$7,154$4,754
14 years$11,373$9,843$8,493$7,307$6,271$4,013
15 years$10,505$8,992$7,668$6,516$5,521$3,400
16 years$9,747$8,250$6,952$5,835$4,880$2,889
17 years$9,078$7,598$6,326$5,243$4,327$2,461
18 years$8,485$7,021$5,775$4,725$3,847$2,101
19 years$7,954$6,507$5,287$4,269$3,429$1,797
20 years$7,477$6,047$4,852$3,866$3,063$1,539
21 years$7,046$5,632$4,463$3,509$2,741$1,320
22 years$6,655$5,257$4,113$3,191$2,457$1,133
23 years$6,298$4,917$3,798$2,906$2,205$974
24 years$5,972$4,607$3,512$2,650$1,982$838
25 years$5,672$4,323$3,253$2,420$1,784$721
26 years$5,396$4,063$3,017$2,213$1,607$621
27 years$5,140$3,824$2,802$2,026$1,449$535
28 years$4,903$3,603$2,604$1,856$1,307$461
29 years$4,683$3,399$2,424$1,702$1,180$398
30 years$4,478$3,210$2,258$1,562$1,066$343
31 years$4,287$3,035$2,105$1,434$964$296
32 years$4,108$2,872$1,964$1,318$872$255
33 years$3,940$2,719$1,833$1,212$789$220
34 years$3,782$2,577$1,713$1,115$715$190
35 years$3,634$2,445$1,602$1,027$647$164
36 years$3,494$2,320$1,498$946$586$142
37 years$3,362$2,204$1,402$871$532$123
38 years$3,238$2,094$1,313$803$482$106
39 years$3,120$1,992$1,230$740$437$91
40 years$3,008$1,895$1,153$683$396$79
41 years$2,902$1,804$1,081$630$360$68
42 years$2,801$1,718$1,014$582$326$59
43 years$2,705$1,637$952$537$296$51
44 years$2,614$1,560$893$496$269$44
45 years$2,527$1,488$839$458$244$38
46 years$2,444$1,419$788$423$222$33
47 years$2,365$1,354$740$391$201$28
48 years$2,289$1,293$696$361$183$25
49 years$2,217$1,235$654$334$166$21
50 years$2,148$1,179$615$308$151$18

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 $6,851 every year, while hoping to spend $25,724 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: 35/36/29 Blend
60$2,200,000$2,200,000$2,200,000$2,200,000
61$2,431,467$2,314,867$2,280,767$2,495,137
62$2,652,106$2,400,925$2,329,802$2,629,605
63$2,894,389$2,490,338$2,379,618$2,771,805
64$3,160,495$2,583,243$2,430,214$2,924,747
65$3,452,826$2,679,783$2,481,587$3,089,411
66$3,774,030$2,780,107$2,533,735$3,266,875
67$4,127,019$2,884,371$2,586,654$3,458,320
68$4,515,007$2,992,738$2,640,339$3,665,044
69$4,941,532$3,105,375$2,694,784$3,888,474
70$5,410,490$3,222,461$2,749,982$4,130,179
71$5,926,178$3,344,179$2,805,923$4,391,881
72$6,493,325$3,470,721$2,862,599$4,675,476
73$7,117,146$3,602,289$2,919,998$4,983,046
74$7,803,385$3,739,090$2,978,108$5,316,883
75$8,558,368$3,881,344$3,036,913$5,679,504
76$9,389,070$4,029,278$3,096,397$6,073,682
77$10,303,172$4,183,130$3,156,544$6,502,462
78$11,309,140$4,343,147$3,217,332$6,969,199
79$12,416,301$4,509,590$3,278,741$7,477,580
80$13,634,931$4,682,727$3,340,747$8,031,666
81$14,976,354$4,862,841$3,403,322$8,635,921
82$16,453,049$5,050,227$3,466,440$9,295,262
83$18,078,764$5,245,192$3,530,069$10,015,098
84$19,868,647$5,448,056$3,594,177$10,801,384
85$21,839,393$5,659,155$3,658,726$11,660,674
86$24,009,396$5,878,838$3,723,677$12,600,183
87$26,398,924$6,107,471$3,788,990$13,627,855
88$29,030,312$6,345,435$3,854,619$14,752,434
89$31,928,171$6,593,127$3,920,516$15,983,549
90$35,119,619$6,850,966$3,986,628$17,331,800
91$38,634,540$7,119,383$4,052,900$18,808,863
92$42,505,864$7,398,834$4,119,273$20,427,591
93$46,769,877$7,689,791$4,185,683$22,202,140
94$51,466,564$7,992,751$4,252,064$24,148,100
95$56,639,988$8,308,230$4,318,342$26,282,638
96$62,338,701$8,636,768$4,384,441$28,624,663
97$68,616,209$8,978,929$4,450,279$31,195,000
98$75,531,469$9,335,304$4,515,771$34,016,587
99$83,149,453$9,706,508$4,580,823$37,114,688
100$91,541,755$10,093,184$4,645,339$40,517,131