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

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$187,454$185,785$184,156$182,566$181,013$176,781
2 years$92,799$91,071$89,396$87,772$86,197$81,957
3 years$61,252$59,516$57,845$56,236$54,687$50,572
4 years$45,481$43,750$42,096$40,515$39,003$35,044
5 years$36,021$34,301$32,669$31,119$29,649$25,859
6 years$29,716$28,009$26,401$24,887$23,461$19,841
7 years$25,215$23,522$21,939$20,461$19,080$15,632
8 years$21,840$20,163$18,606$17,164$15,829$12,552
9 years$19,217$17,555$16,026$14,620$13,330$10,221
10 years$17,120$15,474$13,972$12,602$11,358$8,414
11 years$15,405$13,776$12,300$10,968$9,768$6,985
12 years$13,977$12,364$10,916$9,620$8,465$5,838
13 years$12,769$11,174$9,753$8,493$7,381$4,906
14 years$11,735$10,157$8,763$7,539$6,471$4,141
15 years$10,840$9,278$7,912$6,724$5,697$3,508
16 years$10,057$8,513$7,173$6,020$5,035$2,981
17 years$9,367$7,840$6,527$5,409$4,465$2,539
18 years$8,755$7,244$5,959$4,875$3,970$2,168
19 years$8,207$6,714$5,455$4,405$3,538$1,854
20 years$7,715$6,239$5,006$3,989$3,160$1,588
21 years$7,270$5,811$4,605$3,621$2,828$1,362
22 years$6,867$5,425$4,244$3,292$2,535$1,169
23 years$6,499$5,074$3,919$2,998$2,276$1,005
24 years$6,162$4,754$3,624$2,734$2,045$864
25 years$5,852$4,461$3,357$2,497$1,841$744
26 years$5,567$4,193$3,113$2,283$1,658$641
27 years$5,304$3,946$2,891$2,090$1,495$552
28 years$5,059$3,718$2,687$1,915$1,349$476
29 years$4,832$3,508$2,501$1,756$1,218$410
30 years$4,621$3,313$2,329$1,612$1,100$354
31 years$4,423$3,131$2,172$1,480$995$305
32 years$4,238$2,963$2,026$1,360$900$263
33 years$4,065$2,806$1,892$1,251$814$227
34 years$3,903$2,659$1,768$1,151$737$196
35 years$3,750$2,522$1,653$1,059$668$170
36 years$3,605$2,394$1,546$976$605$146
37 years$3,469$2,274$1,447$899$548$126
38 years$3,341$2,161$1,355$829$497$109
39 years$3,219$2,055$1,270$764$451$94
40 years$3,103$1,955$1,190$705$409$82
41 years$2,994$1,861$1,116$650$371$70
42 years$2,890$1,772$1,047$600$337$61
43 years$2,791$1,689$982$554$306$53
44 years$2,697$1,610$922$511$277$45
45 years$2,607$1,535$866$472$252$39
46 years$2,522$1,464$813$436$229$34
47 years$2,440$1,397$764$403$208$29
48 years$2,362$1,334$718$372$189$25
49 years$2,288$1,274$675$344$171$22
50 years$2,216$1,217$634$318$156$19

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 $4,388 every year, while hoping to spend $58,818 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: 42/37/21 Blend
60$2,270,000$2,270,000$2,270,000$2,270,000
61$2,506,066$2,385,756$2,350,571$2,595,740
62$2,699,103$2,440,076$2,366,733$2,714,240
63$2,909,858$2,495,087$2,381,466$2,836,468
64$3,140,077$2,550,760$2,394,658$2,967,633
65$3,391,681$2,607,063$2,406,195$3,108,584
66$3,666,785$2,663,961$2,415,955$3,260,263
67$3,967,717$2,721,416$2,423,810$3,423,703
68$4,297,043$2,779,384$2,429,626$3,600,046
69$4,657,586$2,837,818$2,433,263$3,790,550
70$5,052,454$2,896,665$2,434,572$3,996,602
71$5,485,073$2,955,870$2,433,399$4,219,732
72$5,959,213$3,015,370$2,429,580$4,461,625
73$6,479,027$3,075,098$2,422,945$4,724,140
74$7,049,089$3,134,979$2,413,315$5,009,328
75$7,674,437$3,194,934$2,400,502$5,319,448
76$8,360,620$3,254,876$2,384,310$5,656,993
77$9,113,751$3,314,713$2,364,532$6,024,711
78$9,940,563$3,374,343$2,340,952$6,425,633
79$10,848,471$3,433,656$2,313,345$6,863,099
80$11,845,646$3,492,536$2,281,473$7,340,794
81$12,941,087$3,550,856$2,245,088$7,862,781
82$14,144,710$3,608,480$2,203,930$8,433,541
83$15,467,437$3,665,262$2,157,729$9,058,012
84$16,921,301$3,721,046$2,106,198$9,741,643
85$18,519,559$3,775,662$2,049,041$10,490,439
86$20,276,816$3,828,932$1,985,946$11,311,023
87$22,209,164$3,880,662$1,916,587$12,210,698
88$24,334,331$3,930,646$1,840,625$13,197,516
89$26,671,849$3,978,665$1,757,703$14,280,353
90$29,243,240$4,024,482$1,667,448$15,469,000
91$32,072,215$4,067,846$1,569,472$16,774,249
92$35,184,900$4,108,489$1,463,368$18,208,000
93$38,610,080$4,146,125$1,348,712$19,783,373
94$42,379,472$4,180,450$1,225,058$21,514,835
95$46,528,024$4,211,138$1,091,943$23,418,333
96$51,094,243$4,237,844$948,883$25,511,451
97$56,120,557$4,260,200$795,373$27,813,575
98$61,653,719$4,277,814$630,882$30,346,077
99$67,745,242$4,290,271$454,861$33,132,519
100$74,451,890$4,297,127$266,732$36,198,877