Can I retire at age 61 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$187,454$185,785$184,156$182,566$181,013$180,023
2 years$92,799$91,071$89,396$87,772$86,197$85,198
3 years$61,252$59,516$57,845$56,236$54,687$53,710
4 years$45,481$43,750$42,096$40,515$39,003$38,056
5 years$36,021$34,301$32,669$31,119$29,649$28,734
6 years$29,716$28,009$26,401$24,887$23,461$22,579
7 years$25,215$23,522$21,939$20,461$19,080$18,232
8 years$21,840$20,163$18,606$17,164$15,829$15,015
9 years$19,217$17,555$16,026$14,620$13,330$12,550
10 years$17,120$15,474$13,972$12,602$11,358$10,611
11 years$15,405$13,776$12,300$10,968$9,768$9,054
12 years$13,977$12,364$10,916$9,620$8,465$7,783
13 years$12,769$11,174$9,753$8,493$7,381$6,732
14 years$11,735$10,157$8,763$7,539$6,471$5,852
15 years$10,840$9,278$7,912$6,724$5,697$5,108
16 years$10,057$8,513$7,173$6,020$5,035$4,476
17 years$9,367$7,840$6,527$5,409$4,465$3,933
18 years$8,755$7,244$5,959$4,875$3,970$3,466
19 years$8,207$6,714$5,455$4,405$3,538$3,061
20 years$7,715$6,239$5,006$3,989$3,160$2,709
21 years$7,270$5,811$4,605$3,621$2,828$2,401
22 years$6,867$5,425$4,244$3,292$2,535$2,132
23 years$6,499$5,074$3,919$2,998$2,276$1,895
24 years$6,162$4,754$3,624$2,734$2,045$1,687
25 years$5,852$4,461$3,357$2,497$1,841$1,503
26 years$5,567$4,193$3,113$2,283$1,658$1,340
27 years$5,304$3,946$2,891$2,090$1,495$1,196
28 years$5,059$3,718$2,687$1,915$1,349$1,069
29 years$4,832$3,508$2,501$1,756$1,218$955
30 years$4,621$3,313$2,329$1,612$1,100$854
31 years$4,423$3,131$2,172$1,480$995$764
32 years$4,238$2,963$2,026$1,360$900$684
33 years$4,065$2,806$1,892$1,251$814$612
34 years$3,903$2,659$1,768$1,151$737$548
35 years$3,750$2,522$1,653$1,059$668$491
36 years$3,605$2,394$1,546$976$605$440
37 years$3,469$2,274$1,447$899$548$395
38 years$3,341$2,161$1,355$829$497$354
39 years$3,219$2,055$1,270$764$451$318
40 years$3,103$1,955$1,190$705$409$285
41 years$2,994$1,861$1,116$650$371$256
42 years$2,890$1,772$1,047$600$337$229
43 years$2,791$1,689$982$554$306$206
44 years$2,697$1,610$922$511$277$185
45 years$2,607$1,535$866$472$252$166
46 years$2,522$1,464$813$436$229$149
47 years$2,440$1,397$764$403$208$134
48 years$2,362$1,334$718$372$189$120
49 years$2,288$1,274$675$344$171$108
50 years$2,216$1,217$634$318$156$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,270,000, adding $4,947 every year, while hoping to spend $36,434 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: 68/13/19 Blend
60$2,270,000$2,270,000$2,270,000$2,270,000
61$2,506,643$2,386,333$2,351,148$2,665,066
62$2,723,555$2,464,498$2,391,146$2,849,726
63$2,961,371$2,545,271$2,431,263$3,046,929
64$3,222,185$2,628,744$2,471,464$3,261,753
65$3,508,302$2,715,007$2,511,712$3,495,932
66$3,822,263$2,804,156$2,551,969$3,751,374
67$4,166,866$2,896,292$2,592,192$4,030,182
68$4,545,192$2,991,516$2,632,336$4,334,670
69$4,960,637$3,089,936$2,672,355$4,667,389
70$5,416,940$3,191,661$2,712,197$5,031,144
71$5,918,221$3,296,805$2,751,808$5,429,029
72$6,469,018$3,405,487$2,791,133$5,864,450
73$7,074,332$3,517,830$2,830,109$6,341,158
74$7,739,669$3,633,959$2,868,674$6,863,286
75$8,471,100$3,754,007$2,906,759$7,435,386
76$9,275,309$3,878,111$2,944,292$8,062,472
77$10,159,662$4,006,410$2,981,198$8,750,069
78$11,132,275$4,139,051$3,017,395$9,504,262
79$12,202,089$4,276,186$3,052,799$10,331,756
80$13,378,955$4,417,972$3,087,321$11,239,936
81$14,673,727$4,564,572$3,120,865$12,236,940
82$16,098,365$4,716,153$3,153,331$13,331,734
83$17,666,045$4,872,892$3,184,615$14,534,195
84$19,391,286$5,034,968$3,214,604$15,855,205
85$21,290,086$5,202,570$3,243,182$17,306,756
86$23,380,072$5,375,893$3,270,226$18,902,058
87$25,680,666$5,555,138$3,295,605$20,655,669
88$28,213,268$5,740,515$3,319,182$22,583,628
89$31,001,462$5,932,240$3,340,815$24,703,606
90$34,071,229$6,130,539$3,360,351$27,035,077
91$37,451,204$6,335,644$3,377,631$29,599,497
92$41,172,933$6,547,797$3,392,489$32,420,508
93$45,271,183$6,767,250$3,404,748$35,524,161
94$49,784,261$6,994,263$3,414,225$38,939,162
95$54,754,379$7,229,104$3,420,724$42,697,141
96$60,228,050$7,472,055$3,424,043$46,832,953
97$66,256,530$7,723,405$3,423,967$51,385,005
98$72,896,300$7,983,456$3,420,274$56,395,617
99$80,209,597$8,252,519$3,412,728$61,911,426
100$88,265,003$8,530,920$3,401,081$67,983,820