Can I retire at age 61 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$188,280$186,603$184,967$183,370$181,810$178,212
2 years$93,208$91,472$89,790$88,159$86,576$82,967
3 years$61,521$59,778$58,100$56,484$54,928$51,419
4 years$45,681$43,943$42,282$40,694$39,175$35,794
5 years$36,180$34,452$32,812$31,257$29,780$26,537
6 years$29,847$28,133$26,517$24,996$23,564$20,461
7 years$25,326$23,626$22,036$20,551$19,164$16,203
8 years$21,936$20,252$18,688$17,239$15,898$13,078
9 years$19,302$17,633$16,096$14,684$13,389$10,708
10 years$17,195$15,542$14,033$12,658$11,408$8,863
11 years$15,472$13,836$12,354$11,016$9,811$7,400
12 years$14,038$12,419$10,964$9,663$8,502$6,221
13 years$12,825$11,223$9,796$8,531$7,414$5,259
14 years$11,787$10,201$8,802$7,573$6,499$4,466
15 years$10,887$9,319$7,947$6,753$5,722$3,807
16 years$10,101$8,550$7,205$6,047$5,057$3,256
17 years$9,408$7,874$6,556$5,433$4,484$2,792
18 years$8,793$7,276$5,985$4,896$3,987$2,399
19 years$8,243$6,744$5,479$4,424$3,554$2,066
20 years$7,749$6,266$5,028$4,007$3,174$1,781
21 years$7,302$5,837$4,625$3,637$2,841$1,538
22 years$6,897$5,449$4,263$3,307$2,546$1,330
23 years$6,527$5,096$3,936$3,011$2,286$1,151
24 years$6,189$4,775$3,640$2,747$2,054$997
25 years$5,878$4,481$3,371$2,508$1,849$864
26 years$5,592$4,211$3,127$2,293$1,665$750
27 years$5,327$3,963$2,903$2,099$1,501$651
28 years$5,082$3,734$2,699$1,923$1,355$565
29 years$4,854$3,523$2,512$1,764$1,223$491
30 years$4,641$3,327$2,340$1,619$1,105$426
31 years$4,443$3,145$2,181$1,487$999$371
32 years$4,257$2,976$2,035$1,366$904$322
33 years$4,083$2,818$1,900$1,256$818$280
34 years$3,920$2,671$1,775$1,156$741$244
35 years$3,766$2,534$1,660$1,064$671$212
36 years$3,621$2,405$1,553$980$608$185
37 years$3,484$2,284$1,453$903$551$161
38 years$3,355$2,171$1,361$832$499$140
39 years$3,233$2,064$1,275$767$453$122
40 years$3,117$1,964$1,195$708$411$106
41 years$3,007$1,869$1,121$653$373$92
42 years$2,903$1,780$1,051$603$338$80
43 years$2,803$1,696$986$556$307$70
44 years$2,709$1,617$926$514$279$61
45 years$2,619$1,542$869$474$253$53
46 years$2,533$1,471$817$438$230$46
47 years$2,451$1,404$767$405$209$40
48 years$2,373$1,340$721$374$189$35
49 years$2,298$1,280$678$346$172$31
50 years$2,226$1,222$637$320$156$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,280,000, adding $4,583 every year, while hoping to spend $56,623 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: 34/39/27 Blend
60$2,280,000$2,280,000$2,280,000$2,280,000
61$2,517,287$2,396,447$2,361,107$2,582,146
62$2,713,804$2,453,627$2,379,958$2,688,512
63$2,928,468$2,511,710$2,397,542$2,797,731
64$3,163,070$2,570,682$2,413,758$2,914,406
65$3,419,582$2,630,525$2,428,498$3,039,238
66$3,700,176$2,691,217$2,441,649$3,173,001
67$4,007,242$2,752,734$2,453,092$3,316,548
68$4,343,412$2,815,050$2,462,703$3,470,819
69$4,711,586$2,878,133$2,470,349$3,636,852
70$5,114,956$2,941,950$2,475,894$3,815,790
71$5,557,037$3,006,461$2,479,192$4,008,894
72$6,041,702$3,071,625$2,480,092$4,217,556
73$6,573,214$3,137,393$2,478,434$4,443,310
74$7,156,272$3,203,716$2,474,051$4,687,848
75$7,796,048$3,270,534$2,466,768$4,953,036
76$8,498,241$3,337,786$2,456,401$5,240,933
77$9,269,128$3,405,404$2,442,757$5,553,809
78$10,115,624$3,473,314$2,425,634$5,894,169
79$11,045,345$3,541,434$2,404,821$6,264,773
80$12,066,683$3,609,677$2,380,095$6,668,669
81$13,188,880$3,677,946$2,351,224$7,109,216
82$14,422,121$3,746,141$2,317,964$7,590,119
83$15,777,623$3,814,147$2,280,062$8,115,467
84$17,267,747$3,881,847$2,237,250$8,689,765
85$18,906,108$3,949,108$2,189,249$9,317,985
86$20,707,710$4,015,793$2,135,768$10,005,610
87$22,689,080$4,081,751$2,076,500$10,758,686
88$24,868,429$4,146,819$2,011,125$11,583,882
89$27,265,821$4,210,826$1,939,310$12,488,550
90$29,903,363$4,273,584$1,860,705$13,480,800
91$32,805,411$4,334,896$1,774,944$14,569,575
92$35,998,804$4,394,546$1,681,645$15,764,738
93$39,513,110$4,452,307$1,580,409$17,077,162
94$43,380,913$4,507,935$1,470,818$18,518,839
95$47,638,111$4,561,169$1,352,435$20,102,992
96$52,324,262$4,611,731$1,224,806$21,844,202
97$57,482,954$4,659,322$1,087,454$23,758,546
98$63,162,213$4,703,626$939,881$25,863,749
99$69,414,960$4,744,305$781,568$28,179,359
100$76,299,508$4,780,999$611,973$30,726,924