Can I retire at age 61 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$186,629$184,966$183,344$181,761$180,216$175,078
2 years$92,390$90,670$89,002$87,385$85,817$80,681
3 years$60,982$59,254$57,590$55,989$54,446$49,473
4 years$45,281$43,558$41,911$40,337$38,831$34,059
5 years$35,862$34,150$32,525$30,982$29,519$24,960
6 years$29,585$27,886$26,285$24,777$23,357$19,016
7 years$25,104$23,419$21,843$20,370$18,996$14,872
8 years$21,744$20,074$18,524$17,088$15,759$11,851
9 years$19,132$17,478$15,955$14,555$13,271$9,575
10 years$17,044$15,406$13,910$12,547$11,308$7,818
11 years$15,337$13,715$12,246$10,920$9,725$6,437
12 years$13,915$12,310$10,868$9,578$8,427$5,334
13 years$12,713$11,125$9,710$8,456$7,349$4,443
14 years$11,683$10,112$8,724$7,506$6,442$3,717
15 years$10,792$9,237$7,877$6,694$5,672$3,120
16 years$10,013$8,475$7,142$5,994$5,013$2,627
17 years$9,326$7,805$6,499$5,385$4,445$2,217
18 years$8,716$7,212$5,932$4,853$3,952$1,874
19 years$8,171$6,684$5,431$4,385$3,523$1,588
20 years$7,681$6,211$4,984$3,972$3,146$1,346
21 years$7,238$5,786$4,584$3,605$2,816$1,143
22 years$6,836$5,401$4,225$3,278$2,524$972
23 years$6,470$5,051$3,901$2,985$2,266$827
24 years$6,135$4,733$3,608$2,722$2,036$704
25 years$5,827$4,441$3,342$2,486$1,832$599
26 years$5,543$4,174$3,099$2,273$1,651$511
27 years$5,280$3,928$2,878$2,081$1,488$435
28 years$5,037$3,702$2,675$1,906$1,343$371
29 years$4,811$3,492$2,490$1,748$1,213$317
30 years$4,600$3,298$2,319$1,604$1,096$270
31 years$4,404$3,118$2,162$1,474$991$231
32 years$4,220$2,950$2,017$1,354$896$197
33 years$4,047$2,794$1,883$1,245$811$168
34 years$3,885$2,648$1,760$1,146$734$144
35 years$3,733$2,511$1,645$1,055$665$123
36 years$3,589$2,384$1,539$971$602$105
37 years$3,454$2,264$1,441$895$546$90
38 years$3,326$2,152$1,349$825$495$77
39 years$3,205$2,046$1,264$761$449$65
40 years$3,090$1,946$1,185$702$407$56
41 years$2,981$1,853$1,111$647$369$48
42 years$2,877$1,765$1,042$597$335$41
43 years$2,779$1,681$978$551$304$35
44 years$2,685$1,603$918$509$276$30
45 years$2,596$1,528$862$470$251$25
46 years$2,511$1,458$809$434$228$22
47 years$2,430$1,391$760$401$207$19
48 years$2,352$1,328$715$371$188$16
49 years$2,278$1,268$672$343$170$14
50 years$2,207$1,212$631$317$155$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,260,000, adding $5,251 every year, while hoping to spend $30,235 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: 25/46/29 Blend
60$2,260,000$2,260,000$2,260,000$2,260,000
61$2,495,936$2,376,156$2,341,126$2,535,579
62$2,718,352$2,460,418$2,387,384$2,653,549
63$2,962,441$2,547,796$2,434,179$2,777,042
64$3,230,381$2,638,409$2,481,495$2,908,826
65$3,524,574$2,732,385$2,529,319$3,049,619
66$3,847,661$2,829,853$2,577,632$3,200,206
67$4,202,557$2,930,949$2,626,417$3,361,451
68$4,592,468$3,035,817$2,675,652$3,534,299
69$5,020,930$3,144,602$2,725,317$3,719,789
70$5,491,836$3,257,458$2,775,386$3,919,061
71$6,009,476$3,374,546$2,825,834$4,133,365
72$6,578,575$3,496,032$2,876,632$4,364,076
73$7,204,341$3,622,088$2,927,750$4,612,702
74$7,892,509$3,752,896$2,979,155$4,880,902
75$8,649,400$3,888,643$3,030,812$5,170,496
76$9,481,978$4,029,525$3,082,683$5,483,487
77$10,397,914$4,175,747$3,134,727$5,822,073
78$11,405,662$4,327,519$3,186,902$6,188,675
79$12,514,536$4,485,064$3,239,159$6,585,950
80$13,734,798$4,648,611$3,291,450$7,016,822
81$15,077,756$4,818,402$3,343,723$7,484,507
82$16,555,869$4,994,685$3,395,919$7,992,540
83$18,182,865$5,177,723$3,447,980$8,544,813
84$19,973,871$5,367,785$3,499,841$9,145,603
85$21,945,555$5,565,155$3,551,435$9,799,621
86$24,116,283$5,770,129$3,602,689$10,512,045
87$26,506,292$5,983,013$3,653,527$11,288,578
88$29,137,881$6,204,129$3,703,868$12,135,493
89$32,035,623$6,433,809$3,753,625$13,059,695
90$35,226,594$6,672,402$3,802,709$14,068,784
91$38,740,628$6,920,272$3,851,021$15,171,127
92$42,610,603$7,177,796$3,898,462$16,375,933
93$46,872,746$7,445,370$3,944,922$17,693,342
94$51,566,977$7,723,404$3,990,288$19,134,515
95$56,737,286$8,012,328$4,034,440$20,711,744
96$62,432,147$8,312,590$4,077,251$22,438,560
97$68,704,974$8,624,655$4,118,587$24,329,865
98$75,614,630$8,949,011$4,158,308$26,402,068
99$83,225,975$9,286,166$4,196,264$28,673,239
100$91,610,486$9,636,649$4,232,300$31,163,279