Can I retire at age 61 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$189,932$188,240$186,589$184,978$183,405$178,971
2 years$94,026$92,275$90,577$88,932$87,336$82,896
3 years$62,061$60,302$58,610$56,980$55,409$51,101
4 years$46,082$44,329$42,653$41,051$39,518$35,376
5 years$36,497$34,754$33,100$31,531$30,041$26,076
6 years$30,109$28,379$26,750$25,215$23,771$19,986
7 years$25,548$23,833$22,229$20,731$19,332$15,729
8 years$22,129$20,429$18,852$17,391$16,038$12,614
9 years$19,471$17,787$16,237$14,813$13,506$10,260
10 years$17,346$15,679$14,156$12,769$11,508$8,435
11 years$15,608$13,958$12,463$11,113$9,897$6,994
12 years$14,161$12,528$11,060$9,747$8,577$5,837
13 years$12,938$11,321$9,882$8,606$7,479$4,899
14 years$11,890$10,291$8,879$7,639$6,556$4,129
15 years$10,983$9,401$8,016$6,813$5,772$3,493
16 years$10,190$8,625$7,268$6,100$5,102$2,964
17 years$9,491$7,943$6,614$5,481$4,524$2,521
18 years$8,870$7,340$6,037$4,939$4,022$2,149
19 years$8,316$6,803$5,527$4,463$3,585$1,835
20 years$7,817$6,321$5,072$4,042$3,202$1,570
21 years$7,366$5,888$4,666$3,669$2,866$1,344
22 years$6,957$5,496$4,300$3,336$2,569$1,152
23 years$6,585$5,141$3,970$3,038$2,306$989
24 years$6,243$4,816$3,672$2,771$2,072$849
25 years$5,930$4,520$3,401$2,530$1,865$730
26 years$5,641$4,248$3,154$2,314$1,680$627
27 years$5,374$3,998$2,929$2,118$1,514$540
28 years$5,126$3,767$2,723$1,940$1,367$464
29 years$4,896$3,554$2,534$1,779$1,234$400
30 years$4,682$3,356$2,360$1,633$1,115$344
31 years$4,482$3,173$2,200$1,500$1,008$297
32 years$4,294$3,002$2,053$1,378$912$256
33 years$4,119$2,843$1,917$1,267$825$220
34 years$3,954$2,695$1,791$1,166$747$190
35 years$3,799$2,556$1,674$1,073$677$164
36 years$3,653$2,426$1,566$989$613$141
37 years$3,515$2,304$1,466$911$556$122
38 years$3,385$2,190$1,373$840$504$105
39 years$3,261$2,082$1,286$774$457$90
40 years$3,144$1,981$1,206$714$414$78
41 years$3,034$1,886$1,131$659$376$67
42 years$2,928$1,796$1,060$608$341$58
43 years$2,828$1,711$995$561$310$50
44 years$2,733$1,631$934$518$281$43
45 years$2,642$1,555$877$479$255$37
46 years$2,555$1,484$824$442$232$32
47 years$2,473$1,416$774$408$210$28
48 years$2,393$1,352$727$377$191$24
49 years$2,318$1,291$684$349$173$21
50 years$2,246$1,233$643$322$158$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,300,000, adding $2,739 every year, while hoping to spend $21,792 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: 53/20/27 Blend
60$2,300,000$2,300,000$2,300,000$2,300,000
61$2,537,425$2,415,525$2,379,875$2,652,672
62$2,773,056$2,510,699$2,436,415$2,827,936
63$3,031,991$2,609,807$2,494,118$3,016,117
64$3,316,584$2,713,017$2,553,000$3,220,475
65$3,629,428$2,820,508$2,613,078$3,442,568
66$3,973,381$2,932,463$2,674,367$3,684,106
67$4,351,590$3,049,078$2,736,883$3,946,974
68$4,767,523$3,170,554$2,800,640$4,233,243
69$5,225,002$3,297,103$2,865,653$4,545,193
70$5,728,236$3,428,945$2,931,936$4,885,335
71$6,281,864$3,566,312$2,999,504$5,256,429
72$6,890,997$3,709,443$3,068,370$5,661,515
73$7,561,265$3,858,593$3,138,547$6,103,939
74$8,298,873$4,014,023$3,210,047$6,587,382
75$9,110,658$4,176,010$3,282,884$7,115,900
76$10,004,151$4,344,840$3,357,067$7,693,954
77$10,987,654$4,520,817$3,432,607$8,326,460
78$12,070,310$4,704,252$3,509,516$9,018,827
79$13,262,198$4,895,477$3,587,801$9,777,013
80$14,574,422$5,094,834$3,667,471$10,607,576
81$16,019,215$5,302,684$3,748,533$11,517,743
82$17,610,061$5,519,401$3,830,995$12,515,466
83$19,361,815$5,745,379$3,914,861$13,609,507
84$21,290,847$5,981,030$4,000,136$14,809,514
85$23,415,195$6,226,782$4,086,822$16,126,115
86$25,754,736$6,483,086$4,174,922$17,571,012
87$28,331,373$6,750,411$4,264,436$19,157,098
88$31,169,241$7,029,249$4,355,362$20,898,571
89$34,294,935$7,320,114$4,447,699$22,811,073
90$37,737,763$7,623,544$4,541,442$24,911,833
91$41,530,019$7,940,102$4,636,584$27,219,828
92$45,707,290$8,270,376$4,733,119$29,755,964
93$50,308,791$8,614,981$4,831,035$32,543,273
94$55,377,734$8,974,562$4,930,321$35,607,124
95$60,961,739$9,349,792$5,030,963$38,975,469
96$67,113,280$9,741,375$5,132,944$42,679,097
97$73,890,182$10,150,050$5,236,245$46,751,933
98$81,356,165$10,576,587$5,340,843$51,231,348
99$89,581,447$11,021,793$5,446,716$56,158,517
100$98,643,408$11,486,514$5,553,833$61,578,802