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%12.3%
1 years$186,629$184,966$183,344$181,761$180,216$178,482
2 years$92,390$90,670$89,002$87,385$85,817$84,071
3 years$60,982$59,254$57,590$55,989$54,446$52,741
4 years$45,281$43,558$41,911$40,337$38,831$37,181
5 years$35,862$34,150$32,525$30,982$29,519$27,928
6 years$29,585$27,886$26,285$24,777$23,357$21,828
7 years$25,104$23,419$21,843$20,370$18,996$17,528
8 years$21,744$20,074$18,524$17,088$15,759$14,353
9 years$19,132$17,478$15,955$14,555$13,271$11,927
10 years$17,044$15,406$13,910$12,547$11,308$10,024
11 years$15,337$13,715$12,246$10,920$9,725$8,501
12 years$13,915$12,310$10,868$9,578$8,427$7,262
13 years$12,713$11,125$9,710$8,456$7,349$6,240
14 years$11,683$10,112$8,724$7,506$6,442$5,389
15 years$10,792$9,237$7,877$6,694$5,672$4,673
16 years$10,013$8,475$7,142$5,994$5,013$4,067
17 years$9,326$7,805$6,499$5,385$4,445$3,549
18 years$8,716$7,212$5,932$4,853$3,952$3,105
19 years$8,171$6,684$5,431$4,385$3,523$2,723
20 years$7,681$6,211$4,984$3,972$3,146$2,392
21 years$7,238$5,786$4,584$3,605$2,816$2,105
22 years$6,836$5,401$4,225$3,278$2,524$1,855
23 years$6,470$5,051$3,901$2,985$2,266$1,637
24 years$6,135$4,733$3,608$2,722$2,036$1,446
25 years$5,827$4,441$3,342$2,486$1,832$1,278
26 years$5,543$4,174$3,099$2,273$1,651$1,131
27 years$5,280$3,928$2,878$2,081$1,488$1,001
28 years$5,037$3,702$2,675$1,906$1,343$887
29 years$4,811$3,492$2,490$1,748$1,213$787
30 years$4,600$3,298$2,319$1,604$1,096$698
31 years$4,404$3,118$2,162$1,474$991$619
32 years$4,220$2,950$2,017$1,354$896$550
33 years$4,047$2,794$1,883$1,245$811$488
34 years$3,885$2,648$1,760$1,146$734$434
35 years$3,733$2,511$1,645$1,055$665$385
36 years$3,589$2,384$1,539$971$602$342
37 years$3,454$2,264$1,441$895$546$304
38 years$3,326$2,152$1,349$825$495$271
39 years$3,205$2,046$1,264$761$449$241
40 years$3,090$1,946$1,185$702$407$214
41 years$2,981$1,853$1,111$647$369$190
42 years$2,877$1,765$1,042$597$335$169
43 years$2,779$1,681$978$551$304$151
44 years$2,685$1,603$918$509$276$134
45 years$2,596$1,528$862$470$251$119
46 years$2,511$1,458$809$434$228$106
47 years$2,430$1,391$760$401$207$95
48 years$2,352$1,328$715$371$188$84
49 years$2,278$1,268$672$343$170$75
50 years$2,207$1,212$631$317$155$67

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 $4,190 every year, while hoping to spend $56,903 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: 73/18/9 Blend
60$2,260,000$2,260,000$2,260,000$2,260,000
61$2,494,842$2,375,062$2,340,032$2,672,745
62$2,688,772$2,430,896$2,357,879$2,846,554
63$2,900,575$2,487,558$2,374,416$3,029,343
64$3,132,015$2,545,030$2,389,540$3,227,955
65$3,385,032$2,603,288$2,403,142$3,443,938
66$3,661,764$2,662,308$2,415,106$3,678,996
67$3,964,564$2,722,061$2,425,312$3,935,005
68$4,296,023$2,782,515$2,433,633$4,214,031
69$4,658,993$2,843,634$2,439,936$4,518,350
70$5,056,616$2,905,378$2,444,079$4,850,471
71$5,492,353$2,967,704$2,445,918$5,213,154
72$5,970,014$3,030,562$2,445,297$5,609,442
73$6,493,795$3,093,900$2,442,055$6,042,685
74$7,068,320$3,157,658$2,436,021$6,516,576
75$7,698,679$3,221,774$2,427,018$7,035,183
76$8,390,481$3,286,177$2,414,860$7,602,986
77$9,149,902$3,350,792$2,399,350$8,224,922
78$9,983,747$3,415,536$2,380,283$8,906,430
79$10,899,512$3,480,321$2,357,446$9,653,505
80$11,905,454$3,545,048$2,330,612$10,472,750
81$13,010,669$3,609,614$2,299,546$11,371,441
82$14,225,178$3,673,906$2,264,001$12,357,595
83$15,560,021$3,737,802$2,223,720$13,440,047
84$17,027,360$3,801,171$2,178,431$14,628,530
85$18,640,594$3,863,871$2,127,852$15,933,773
86$20,414,486$3,925,753$2,071,686$17,367,594
87$22,365,300$3,986,651$2,009,625$18,943,018
88$24,510,956$4,046,393$1,941,343$20,674,400
89$26,871,198$4,104,790$1,866,502$22,577,553
90$29,467,778$4,161,643$1,784,748$24,669,909
91$32,324,664$4,216,736$1,695,710$26,970,673
92$35,468,265$4,269,841$1,599,001$29,501,011
93$38,927,678$4,320,713$1,494,217$32,284,246
94$42,734,962$4,369,089$1,380,935$35,346,082
95$46,925,444$4,414,691$1,258,712$38,714,843
96$51,538,049$4,457,220$1,127,088$42,421,744
97$56,615,664$4,496,358$985,580$46,501,183
98$62,205,549$4,531,767$833,684$50,991,067
99$68,359,778$4,563,086$670,876$55,933,170
100$75,135,730$4,589,932$496,605$61,373,530