Can I retire at age 61 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$185,803$184,148$182,533$180,957$179,418$174,093
2 years$91,982$90,269$88,608$86,999$85,437$80,117
3 years$60,712$58,991$57,335$55,741$54,205$49,055
4 years$45,080$43,365$41,726$40,158$38,659$33,720
5 years$35,704$33,999$32,381$30,845$29,388$24,673
6 years$29,455$27,762$26,168$24,667$23,254$18,767
7 years$24,993$23,315$21,746$20,280$18,912$14,652
8 years$21,648$19,985$18,442$17,013$15,689$11,655
9 years$19,048$17,401$15,884$14,491$13,212$9,400
10 years$16,969$15,338$13,848$12,491$11,258$7,661
11 years$15,269$13,654$12,192$10,871$9,682$6,295
12 years$13,853$12,255$10,820$9,536$8,390$5,206
13 years$12,657$11,075$9,667$8,418$7,316$4,328
14 years$11,632$10,067$8,686$7,473$6,414$3,613
15 years$10,744$9,197$7,842$6,665$5,647$3,027
16 years$9,968$8,438$7,110$5,967$4,991$2,542
17 years$9,285$7,771$6,470$5,362$4,425$2,141
18 years$8,677$7,181$5,906$4,832$3,935$1,806
19 years$8,135$6,655$5,407$4,366$3,507$1,526
20 years$7,647$6,184$4,962$3,954$3,133$1,292
21 years$7,206$5,760$4,564$3,589$2,803$1,094
22 years$6,806$5,377$4,207$3,263$2,513$928
23 years$6,441$5,029$3,884$2,972$2,256$787
24 years$6,108$4,712$3,592$2,710$2,027$669
25 years$5,801$4,422$3,327$2,475$1,824$568
26 years$5,518$4,156$3,086$2,263$1,643$483
27 years$5,257$3,911$2,865$2,072$1,482$411
28 years$5,015$3,685$2,664$1,898$1,337$350
29 years$4,790$3,477$2,479$1,741$1,207$297
30 years$4,580$3,283$2,309$1,597$1,091$253
31 years$4,384$3,104$2,152$1,467$986$216
32 years$4,201$2,937$2,008$1,348$892$184
33 years$4,029$2,781$1,875$1,240$807$156
34 years$3,868$2,636$1,752$1,141$731$133
35 years$3,716$2,500$1,638$1,050$662$114
36 years$3,574$2,373$1,532$967$600$97
37 years$3,439$2,254$1,434$891$544$82
38 years$3,311$2,142$1,343$821$493$70
39 years$3,190$2,037$1,258$757$447$60
40 years$3,076$1,938$1,179$699$405$51
41 years$2,968$1,845$1,106$644$368$43
42 years$2,865$1,757$1,037$595$334$37
43 years$2,767$1,674$973$549$303$32
44 years$2,673$1,596$914$507$275$27
45 years$2,584$1,522$858$468$250$23
46 years$2,500$1,451$806$432$227$20
47 years$2,419$1,385$757$400$206$17
48 years$2,341$1,322$711$369$187$14
49 years$2,268$1,263$669$341$170$12
50 years$2,197$1,206$629$315$154$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,250,000, adding $4,216 every year, while hoping to spend $47,282 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: 46/48/6 Blend
60$2,250,000$2,250,000$2,250,000$2,250,000
61$2,483,849$2,364,599$2,329,724$2,593,887
62$2,686,894$2,430,156$2,357,462$2,735,504
63$2,909,064$2,497,342$2,384,544$2,883,750
64$3,152,262$2,566,185$2,410,900$3,043,448
65$3,418,580$2,636,714$2,436,452$3,215,669
66$3,710,323$2,708,961$2,461,121$3,401,593
67$4,030,029$2,782,954$2,484,822$3,602,515
68$4,380,495$2,858,722$2,507,467$3,819,863
69$4,764,800$2,936,294$2,528,961$4,055,205
70$5,186,335$3,015,698$2,549,207$4,310,269
71$5,648,836$3,096,961$2,568,100$4,586,956
72$6,156,417$3,180,112$2,585,531$4,887,360
73$6,713,610$3,265,176$2,601,385$5,213,783
74$7,325,408$3,352,180$2,615,541$5,568,763
75$7,997,310$3,441,147$2,627,872$5,955,092
76$8,735,375$3,532,102$2,638,245$6,375,844
77$9,546,276$3,625,067$2,646,518$6,834,406
78$10,437,365$3,720,065$2,652,546$7,334,507
79$11,416,743$3,817,114$2,656,172$7,880,253
80$12,493,332$3,916,235$2,657,236$8,476,167
81$13,676,964$4,017,442$2,655,565$9,127,231
82$14,978,469$4,120,752$2,650,982$9,838,931
83$16,409,782$4,226,178$2,643,298$10,617,313
84$17,984,049$4,333,730$2,632,318$11,469,035
85$19,715,756$4,443,416$2,617,835$12,401,430
86$21,620,863$4,555,244$2,599,632$13,422,580
87$23,716,955$4,669,215$2,577,484$14,541,386
88$26,023,408$4,785,330$2,551,153$15,767,655
89$28,561,569$4,903,585$2,520,391$17,112,194
90$31,354,962$5,023,973$2,484,937$18,586,905
91$34,429,504$5,146,484$2,444,518$20,204,906
92$37,813,755$5,271,103$2,398,851$21,980,649
93$41,539,181$5,397,810$2,347,635$23,930,056
94$45,640,455$5,526,581$2,290,559$26,070,674
95$50,155,785$5,657,386$2,227,296$28,421,835
96$55,127,268$5,790,191$2,157,503$31,004,840
97$60,601,293$5,924,954$2,080,823$33,843,164
98$66,628,977$6,061,629$1,996,883$36,962,671
99$73,266,645$6,200,161$1,905,291$40,391,862
100$80,576,363$6,340,489$1,805,638$44,162,145