Can I retire at age 61 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$182,500$180,874$179,288$177,740$176,229$174,243
2 years$90,346$88,664$87,033$85,452$83,918$81,920
3 years$59,633$57,943$56,316$54,750$53,241$51,291
4 years$44,279$42,594$40,984$39,444$37,972$36,086
5 years$35,069$33,394$31,805$30,297$28,866$27,049
6 years$28,931$27,269$25,703$24,229$22,841$21,095
7 years$24,548$22,900$21,359$19,920$18,575$16,902
8 years$21,263$19,630$18,115$16,710$15,410$13,809
9 years$18,709$17,091$15,602$14,233$12,978$11,448
10 years$16,667$15,065$13,602$12,269$11,058$9,598
11 years$14,997$13,412$11,975$10,678$9,510$8,120
12 years$13,607$12,038$10,628$9,366$8,241$6,919
13 years$12,432$10,878$9,495$8,269$7,186$5,930
14 years$11,425$9,888$8,531$7,340$6,300$5,108
15 years$10,553$9,033$7,703$6,546$5,547$4,417
16 years$9,791$8,288$6,984$5,861$4,902$3,833
17 years$9,119$7,633$6,355$5,266$4,347$3,336
18 years$8,523$7,053$5,801$4,746$3,865$2,911
19 years$7,990$6,537$5,311$4,288$3,445$2,545
20 years$7,511$6,074$4,874$3,884$3,077$2,229
21 years$7,078$5,658$4,483$3,525$2,753$1,956
22 years$6,685$5,281$4,132$3,205$2,468$1,718
23 years$6,327$4,940$3,815$2,919$2,216$1,511
24 years$5,999$4,628$3,528$2,662$1,991$1,331
25 years$5,698$4,343$3,268$2,431$1,792$1,173
26 years$5,420$4,082$3,031$2,223$1,614$1,035
27 years$5,163$3,842$2,814$2,035$1,455$913
28 years$4,926$3,620$2,616$1,864$1,313$807
29 years$4,705$3,415$2,435$1,710$1,186$713
30 years$4,499$3,225$2,268$1,569$1,071$630
31 years$4,306$3,049$2,114$1,441$969$557
32 years$4,126$2,885$1,973$1,324$876$493
33 years$3,958$2,732$1,842$1,218$793$436
34 years$3,799$2,589$1,721$1,120$718$386
35 years$3,650$2,456$1,609$1,031$650$342
36 years$3,510$2,331$1,505$950$589$303
37 years$3,377$2,214$1,409$875$534$269
38 years$3,252$2,104$1,319$807$484$238
39 years$3,134$2,001$1,236$744$439$211
40 years$3,021$1,903$1,158$686$398$187
41 years$2,915$1,812$1,086$633$361$166
42 years$2,814$1,726$1,019$584$328$147
43 years$2,717$1,644$956$539$297$130
44 years$2,626$1,567$898$498$270$115
45 years$2,539$1,494$843$460$245$102
46 years$2,455$1,426$792$425$223$91
47 years$2,376$1,361$744$392$202$81
48 years$2,300$1,299$699$363$184$71
49 years$2,227$1,240$657$335$167$63
50 years$2,158$1,185$618$310$151$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,210,000, adding $2,145 every year, while hoping to spend $48,479 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: 37/39/24 Blend
60$2,210,000$2,210,000$2,210,000$2,210,000
61$2,437,633$2,320,503$2,286,248$2,510,198
62$2,634,690$2,382,626$2,311,256$2,625,655
63$2,850,222$2,446,168$2,335,477$2,745,646
64$3,086,063$2,511,149$2,358,833$2,874,293
65$3,344,230$2,577,584$2,381,243$3,012,409
66$3,626,948$2,645,492$2,402,620$3,160,884
67$3,936,663$2,714,887$2,422,875$3,320,701
68$4,276,071$2,785,786$2,441,910$3,492,941
69$4,648,143$2,858,201$2,459,626$3,678,797
70$5,056,146$2,932,146$2,475,917$3,879,580
71$5,503,684$3,007,632$2,490,671$4,096,735
72$5,994,723$3,084,669$2,503,771$4,331,857
73$6,533,632$3,163,265$2,515,095$4,586,699
74$7,125,224$3,243,427$2,524,513$4,863,194
75$7,774,802$3,325,160$2,531,888$5,163,472
76$8,488,204$3,408,465$2,537,079$5,489,882
77$9,271,866$3,493,345$2,539,936$5,845,008
78$10,132,873$3,579,796$2,540,301$6,231,702
79$11,079,035$3,667,814$2,538,010$6,653,104
80$12,118,952$3,757,393$2,532,889$7,112,676
81$13,262,101$3,848,521$2,524,757$7,614,232
82$14,518,923$3,941,186$2,513,423$8,161,977
83$15,900,919$4,035,370$2,498,689$8,760,545
84$17,420,762$4,131,053$2,480,344$9,415,043
85$19,092,415$4,228,209$2,458,171$10,131,099
86$20,931,260$4,326,810$2,431,938$10,914,917
87$22,954,247$4,426,823$2,401,407$11,773,335
88$25,180,051$4,528,208$2,366,325$12,713,889
89$27,629,248$4,630,922$2,326,428$13,744,886
90$30,324,509$4,734,914$2,281,441$14,875,481
91$33,290,814$4,840,131$2,231,075$16,115,766
92$36,555,689$4,946,509$2,175,028$17,476,864
93$40,149,461$5,053,980$2,112,983$18,971,033
94$44,105,548$5,162,467$2,044,610$20,611,788
95$48,460,773$5,271,886$1,969,564$22,414,022
96$53,255,709$5,382,146$1,887,481$24,394,151
97$58,535,064$5,493,144$1,797,985$26,570,270
98$64,348,103$5,604,771$1,700,680$28,962,323
99$70,749,110$5,716,904$1,595,152$31,592,291
100$77,797,900$5,829,414$1,480,971$34,484,404