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%17.4%
1 years$185,803$184,148$182,533$180,957$179,418$174,023
2 years$91,982$90,269$88,608$86,999$85,437$80,048
3 years$60,712$58,991$57,335$55,741$54,205$48,989
4 years$45,080$43,365$41,726$40,158$38,659$33,658
5 years$35,704$33,999$32,381$30,845$29,388$24,614
6 years$29,455$27,762$26,168$24,667$23,254$18,712
7 years$24,993$23,315$21,746$20,280$18,912$14,601
8 years$21,648$19,985$18,442$17,013$15,689$11,608
9 years$19,048$17,401$15,884$14,491$13,212$9,356
10 years$16,969$15,338$13,848$12,491$11,258$7,620
11 years$15,269$13,654$12,192$10,871$9,682$6,257
12 years$13,853$12,255$10,820$9,536$8,390$5,172
13 years$12,657$11,075$9,667$8,418$7,316$4,296
14 years$11,632$10,067$8,686$7,473$6,414$3,584
15 years$10,744$9,197$7,842$6,665$5,647$3,000
16 years$9,968$8,438$7,110$5,967$4,991$2,519
17 years$9,285$7,771$6,470$5,362$4,425$2,119
18 years$8,677$7,181$5,906$4,832$3,935$1,787
19 years$8,135$6,655$5,407$4,366$3,507$1,509
20 years$7,647$6,184$4,962$3,954$3,133$1,276
21 years$7,206$5,760$4,564$3,589$2,803$1,080
22 years$6,806$5,377$4,207$3,263$2,513$915
23 years$6,441$5,029$3,884$2,972$2,256$776
24 years$6,108$4,712$3,592$2,710$2,027$658
25 years$5,801$4,422$3,327$2,475$1,824$559
26 years$5,518$4,156$3,086$2,263$1,643$475
27 years$5,257$3,911$2,865$2,072$1,482$404
28 years$5,015$3,685$2,664$1,898$1,337$343
29 years$4,790$3,477$2,479$1,741$1,207$292
30 years$4,580$3,283$2,309$1,597$1,091$248
31 years$4,384$3,104$2,152$1,467$986$211
32 years$4,201$2,937$2,008$1,348$892$180
33 years$4,029$2,781$1,875$1,240$807$153
34 years$3,868$2,636$1,752$1,141$731$130
35 years$3,716$2,500$1,638$1,050$662$111
36 years$3,574$2,373$1,532$967$600$94
37 years$3,439$2,254$1,434$891$544$80
38 years$3,311$2,142$1,343$821$493$68
39 years$3,190$2,037$1,258$757$447$58
40 years$3,076$1,938$1,179$699$405$50
41 years$2,968$1,845$1,106$644$368$42
42 years$2,865$1,757$1,037$595$334$36
43 years$2,767$1,674$973$549$303$31
44 years$2,673$1,596$914$507$275$26
45 years$2,584$1,522$858$468$250$22
46 years$2,500$1,451$806$432$227$19
47 years$2,419$1,385$757$400$206$16
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 $6,518 every year, while hoping to spend $21,598 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: 52/21/27 Blend
60$2,250,000$2,250,000$2,250,000$2,250,000
61$2,486,223$2,366,973$2,332,098$2,596,400
62$2,716,838$2,459,975$2,387,244$2,766,576
63$2,970,251$2,556,810$2,443,512$2,948,878
64$3,248,766$2,657,643$2,500,919$3,146,764
65$3,554,920$2,762,646$2,559,479$3,361,730
66$3,891,506$2,872,001$2,619,206$3,595,421
67$4,261,605$2,985,894$2,680,115$3,849,648
68$4,668,609$3,104,523$2,742,219$4,126,401
69$5,116,255$3,228,092$2,805,531$4,427,871
70$5,608,662$3,356,817$2,870,065$4,756,470
71$6,150,366$3,490,922$2,935,833$5,114,849
72$6,746,367$3,630,642$3,002,847$5,505,930
73$7,402,173$3,776,220$3,071,120$5,932,925
74$8,123,854$3,927,913$3,140,661$6,399,372
75$8,918,095$4,085,989$3,211,481$6,909,165
76$9,792,266$4,250,728$3,283,591$7,466,590
77$10,754,485$4,422,421$3,356,999$8,076,367
78$11,813,697$4,601,375$3,431,714$8,743,692
79$12,979,761$4,787,908$3,507,742$9,474,286
80$14,263,536$4,982,355$3,585,091$10,274,448
81$15,676,991$5,185,065$3,663,766$11,151,115
82$17,233,314$5,396,403$3,743,772$12,111,925
83$18,947,035$5,616,751$3,825,112$13,165,291
84$20,834,168$5,846,507$3,907,788$14,320,478
85$22,912,356$6,086,088$3,991,802$15,587,688
86$25,201,042$6,335,933$4,077,153$16,978,158
87$27,721,651$6,596,495$4,163,840$18,504,267
88$30,497,789$6,868,254$4,251,859$20,179,646
89$33,555,473$7,151,707$4,341,205$22,019,312
90$36,923,368$7,447,378$4,431,872$24,039,805
91$40,633,063$7,755,811$4,523,851$26,259,344
92$44,719,367$8,077,577$4,617,133$28,698,001
93$49,220,640$8,413,275$4,711,703$31,377,883
94$54,179,148$8,763,529$4,807,549$34,323,346
95$59,641,472$9,128,993$4,904,652$37,561,222
96$65,658,938$9,510,350$5,002,994$41,121,068
97$72,288,108$9,908,315$5,102,553$45,035,447
98$79,591,310$10,323,638$5,203,303$49,340,234
99$87,637,228$10,757,100$5,305,218$54,074,953
100$96,501,549$11,209,522$5,408,267$59,283,148