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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$186,629$184,966$183,344$181,761$180,216$177,743
2 years$92,390$90,670$89,002$87,385$85,817$83,330
3 years$60,982$59,254$57,590$55,989$54,446$52,022
4 years$45,281$43,558$41,911$40,337$38,831$36,489
5 years$35,862$34,150$32,525$30,982$29,519$27,265
6 years$29,585$27,886$26,285$24,777$23,357$21,195
7 years$25,104$23,419$21,843$20,370$18,996$16,926
8 years$21,744$20,074$18,524$17,088$15,759$13,781
9 years$19,132$17,478$15,955$14,555$13,271$11,384
10 years$17,044$15,406$13,910$12,547$11,308$9,510
11 years$15,337$13,715$12,246$10,920$9,725$8,015
12 years$13,915$12,310$10,868$9,578$8,427$6,804
13 years$12,713$11,125$9,710$8,456$7,349$5,809
14 years$11,683$10,112$8,724$7,506$6,442$4,983
15 years$10,792$9,237$7,877$6,694$5,672$4,292
16 years$10,013$8,475$7,142$5,994$5,013$3,709
17 years$9,326$7,805$6,499$5,385$4,445$3,214
18 years$8,716$7,212$5,932$4,853$3,952$2,793
19 years$8,171$6,684$5,431$4,385$3,523$2,431
20 years$7,681$6,211$4,984$3,972$3,146$2,120
21 years$7,238$5,786$4,584$3,605$2,816$1,852
22 years$6,836$5,401$4,225$3,278$2,524$1,619
23 years$6,470$5,051$3,901$2,985$2,266$1,418
24 years$6,135$4,733$3,608$2,722$2,036$1,243
25 years$5,827$4,441$3,342$2,486$1,832$1,090
26 years$5,543$4,174$3,099$2,273$1,651$957
27 years$5,280$3,928$2,878$2,081$1,488$841
28 years$5,037$3,702$2,675$1,906$1,343$739
29 years$4,811$3,492$2,490$1,748$1,213$650
30 years$4,600$3,298$2,319$1,604$1,096$572
31 years$4,404$3,118$2,162$1,474$991$503
32 years$4,220$2,950$2,017$1,354$896$443
33 years$4,047$2,794$1,883$1,245$811$390
34 years$3,885$2,648$1,760$1,146$734$344
35 years$3,733$2,511$1,645$1,055$665$303
36 years$3,589$2,384$1,539$971$602$267
37 years$3,454$2,264$1,441$895$546$235
38 years$3,326$2,152$1,349$825$495$207
39 years$3,205$2,046$1,264$761$449$183
40 years$3,090$1,946$1,185$702$407$161
41 years$2,981$1,853$1,111$647$369$142
42 years$2,877$1,765$1,042$597$335$125
43 years$2,779$1,681$978$551$304$111
44 years$2,685$1,603$918$509$276$98
45 years$2,596$1,528$862$470$251$86
46 years$2,511$1,458$809$434$228$76
47 years$2,430$1,391$760$401$207$67
48 years$2,352$1,328$715$371$188$59
49 years$2,278$1,268$672$343$170$52
50 years$2,207$1,212$631$317$155$46

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 $6,957 every year, while hoping to spend $30,614 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: 58/30/12 Blend
60$2,260,000$2,260,000$2,260,000$2,260,000
61$2,497,696$2,377,916$2,342,886$2,634,764
62$2,719,888$2,461,861$2,388,800$2,811,987
63$2,963,718$2,548,893$2,435,225$3,001,060
64$3,231,359$2,639,131$2,482,148$3,206,425
65$3,525,209$2,732,700$2,529,551$3,429,652
66$3,847,905$2,829,727$2,577,415$3,672,465
67$4,202,354$2,930,346$2,625,722$3,936,761
68$4,591,759$3,034,698$2,674,449$4,224,629
69$5,019,648$3,142,928$2,723,572$4,538,367
70$5,489,906$3,255,185$2,773,066$4,880,502
71$6,006,816$3,371,629$2,822,903$5,253,818
72$6,575,094$3,492,421$2,873,053$5,661,377
73$7,199,937$3,617,733$2,923,484$6,106,551
74$7,887,071$3,747,743$2,974,161$6,593,051
75$8,642,804$3,882,634$3,025,047$7,124,962
76$9,474,086$4,022,599$3,076,102$7,706,783
77$10,388,576$4,167,839$3,127,284$8,343,466
78$11,394,709$4,318,562$3,178,547$9,040,463
79$12,501,782$4,474,984$3,229,841$9,803,779
80$13,720,039$4,637,333$3,281,115$10,640,026
81$15,060,764$4,805,844$3,332,314$11,556,484
82$16,536,394$4,980,763$3,383,379$12,561,171
83$18,160,631$5,162,344$3,434,246$13,662,919
84$19,948,571$5,350,855$3,484,850$14,871,453
85$21,916,851$5,546,573$3,535,118$16,197,484
86$24,083,802$5,749,788$3,584,977$17,652,810
87$26,469,623$5,960,799$3,634,346$19,250,427
88$29,096,568$6,179,923$3,683,141$21,004,649
89$31,989,165$6,407,486$3,731,273$22,931,243
90$35,174,435$6,643,828$3,778,646$25,047,578
91$38,682,158$6,889,306$3,825,161$27,372,785
92$42,545,147$7,144,291$3,870,713$29,927,943
93$46,799,559$7,409,168$3,915,188$32,736,268
94$51,485,237$7,684,340$3,958,470$35,823,340
95$56,646,087$7,970,228$4,000,434$39,217,337
96$62,330,487$8,267,269$4,040,949$42,949,304
97$68,591,751$8,575,920$4,079,875$47,053,443
98$75,488,627$8,896,657$4,117,067$51,567,435
99$83,085,849$9,229,976$4,152,372$56,532,794
100$91,454,756$9,576,395$4,185,627$61,995,259