Can I retire at age 61 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$190,758$189,058$187,401$185,783$184,203$178,449
2 years$94,434$92,676$90,971$89,319$87,716$81,970
3 years$62,331$60,565$58,864$57,227$55,650$50,093
4 years$46,282$44,521$42,838$41,229$39,690$34,364
5 years$36,656$34,905$33,244$31,668$30,172$25,091
6 years$30,240$28,503$26,866$25,325$23,874$19,043
7 years$25,659$23,937$22,326$20,821$19,416$14,834
8 years$22,225$20,518$18,934$17,466$16,107$11,772
9 years$19,556$17,865$16,308$14,877$13,565$9,471
10 years$17,421$15,747$14,218$12,824$11,558$7,699
11 years$15,676$14,019$12,517$11,161$9,940$6,310
12 years$14,223$12,582$11,109$9,790$8,614$5,205
13 years$12,994$11,371$9,925$8,643$7,512$4,315
14 years$11,942$10,336$8,917$7,672$6,585$3,593
15 years$11,031$9,442$8,051$6,842$5,798$3,001
16 years$10,234$8,663$7,300$6,127$5,124$2,514
17 years$9,532$7,978$6,642$5,505$4,543$2,110
18 years$8,909$7,372$6,064$4,961$4,040$1,775
19 years$8,352$6,832$5,551$4,482$3,601$1,496
20 years$7,851$6,349$5,094$4,060$3,216$1,262
21 years$7,398$5,914$4,686$3,684$2,878$1,066
22 years$6,988$5,520$4,319$3,350$2,580$901
23 years$6,613$5,163$3,988$3,051$2,316$762
24 years$6,270$4,837$3,688$2,783$2,081$645
25 years$5,956$4,540$3,416$2,541$1,873$546
26 years$5,665$4,267$3,168$2,324$1,687$463
27 years$5,397$4,015$2,942$2,127$1,521$393
28 years$5,148$3,784$2,735$1,949$1,372$333
29 years$4,917$3,569$2,545$1,787$1,239$282
30 years$4,702$3,371$2,370$1,640$1,120$240
31 years$4,501$3,187$2,210$1,506$1,012$203
32 years$4,313$3,015$2,062$1,384$916$173
33 years$4,137$2,855$1,925$1,273$829$147
34 years$3,971$2,706$1,799$1,171$750$124
35 years$3,816$2,567$1,682$1,078$680$106
36 years$3,669$2,436$1,573$993$616$90
37 years$3,530$2,314$1,472$915$558$76
38 years$3,399$2,199$1,379$843$506$65
39 years$3,276$2,091$1,292$778$459$55
40 years$3,158$1,990$1,211$717$416$47
41 years$3,047$1,894$1,135$662$378$40
42 years$2,941$1,804$1,065$611$343$34
43 years$2,840$1,719$999$564$311$29
44 years$2,745$1,638$938$520$282$24
45 years$2,653$1,562$881$481$256$21
46 years$2,566$1,490$827$444$233$18
47 years$2,483$1,422$777$410$211$15
48 years$2,404$1,358$730$379$192$13
49 years$2,328$1,296$687$350$174$11
50 years$2,255$1,238$645$324$158$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,310,000, adding $3,725 every year, while hoping to spend $57,652 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: 65/19/16 Blend
60$2,310,000$2,310,000$2,310,000$2,310,000
61$2,549,462$2,427,032$2,391,227$2,705,014
62$2,748,166$2,484,616$2,409,992$2,867,203
63$2,965,206$2,543,088$2,427,453$3,037,367
64$3,202,390$2,602,433$2,443,506$3,221,906
65$3,461,711$2,662,630$2,458,041$3,422,225
66$3,745,363$2,723,655$2,470,943$3,639,873
67$4,055,759$2,785,484$2,482,088$3,876,553
68$4,395,559$2,848,085$2,491,351$4,134,143
69$4,767,692$2,911,427$2,498,597$4,414,713
70$5,175,381$2,975,472$2,503,685$4,720,542
71$5,622,178$3,040,178$2,506,467$5,054,140
72$6,111,995$3,105,501$2,506,787$5,418,274
73$6,649,137$3,171,390$2,504,484$5,815,994
74$7,238,350$3,237,789$2,499,385$6,250,659
75$7,884,860$3,304,639$2,491,313$6,725,969
76$8,594,422$3,371,872$2,480,078$7,246,005
77$9,373,376$3,439,417$2,465,484$7,815,261
78$10,228,707$3,507,195$2,447,324$8,438,689
79$11,168,108$3,575,120$2,425,382$9,121,749
80$12,200,054$3,643,100$2,399,431$9,870,455
81$13,333,881$3,711,034$2,369,234$10,691,435
82$14,579,876$3,778,813$2,334,542$11,591,996
83$15,949,369$3,846,321$2,295,095$12,580,187
84$17,454,845$3,913,431$2,250,621$13,664,880
85$19,110,056$3,980,006$2,200,834$14,855,854
86$20,930,156$4,045,900$2,145,436$16,163,883
87$22,931,838$4,110,956$2,084,114$17,600,844
88$25,133,496$4,175,003$2,016,542$19,179,823
89$27,555,395$4,237,861$1,942,380$20,915,245
90$30,219,865$4,299,335$1,861,268$22,823,005
91$33,151,505$4,359,217$1,772,835$24,920,624
92$36,377,423$4,417,283$1,676,689$27,227,408
93$39,927,485$4,473,295$1,572,423$29,764,636
94$43,834,600$4,526,998$1,459,611$32,555,761
95$48,135,027$4,578,119$1,337,806$35,626,626
96$52,868,722$4,626,368$1,206,544$39,005,718
97$58,079,706$4,671,435$1,065,338$42,724,428
98$63,816,490$4,712,989$913,681$46,817,353
99$70,132,524$4,750,678$751,041$51,322,624
100$77,086,706$4,784,126$576,866$56,282,262