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%12.6%
1 years$190,758$189,058$187,401$185,783$184,203$182,203
2 years$94,434$92,676$90,971$89,319$87,716$85,702
3 years$62,331$60,565$58,864$57,227$55,650$53,686
4 years$46,282$44,521$42,838$41,229$39,690$37,790
5 years$36,656$34,905$33,244$31,668$30,172$28,341
6 years$30,240$28,503$26,866$25,325$23,874$22,115
7 years$25,659$23,937$22,326$20,821$19,416$17,729
8 years$22,225$20,518$18,934$17,466$16,107$14,493
9 years$19,556$17,865$16,308$14,877$13,565$12,022
10 years$17,421$15,747$14,218$12,824$11,558$10,085
11 years$15,676$14,019$12,517$11,161$9,940$8,537
12 years$14,223$12,582$11,109$9,790$8,614$7,279
13 years$12,994$11,371$9,925$8,643$7,512$6,243
14 years$11,942$10,336$8,917$7,672$6,585$5,381
15 years$11,031$9,442$8,051$6,842$5,798$4,656
16 years$10,234$8,663$7,300$6,127$5,124$4,044
17 years$9,532$7,978$6,642$5,505$4,543$3,522
18 years$8,909$7,372$6,064$4,961$4,040$3,075
19 years$8,352$6,832$5,551$4,482$3,601$2,690
20 years$7,851$6,349$5,094$4,060$3,216$2,358
21 years$7,398$5,914$4,686$3,684$2,878$2,071
22 years$6,988$5,520$4,319$3,350$2,580$1,821
23 years$6,613$5,163$3,988$3,051$2,316$1,603
24 years$6,270$4,837$3,688$2,783$2,081$1,412
25 years$5,956$4,540$3,416$2,541$1,873$1,246
26 years$5,665$4,267$3,168$2,324$1,687$1,100
27 years$5,397$4,015$2,942$2,127$1,521$971
28 years$5,148$3,784$2,735$1,949$1,372$859
29 years$4,917$3,569$2,545$1,787$1,239$759
30 years$4,702$3,371$2,370$1,640$1,120$672
31 years$4,501$3,187$2,210$1,506$1,012$595
32 years$4,313$3,015$2,062$1,384$916$527
33 years$4,137$2,855$1,925$1,273$829$467
34 years$3,971$2,706$1,799$1,171$750$413
35 years$3,816$2,567$1,682$1,078$680$366
36 years$3,669$2,436$1,573$993$616$325
37 years$3,530$2,314$1,472$915$558$288
38 years$3,399$2,199$1,379$843$506$255
39 years$3,276$2,091$1,292$778$459$227
40 years$3,158$1,990$1,211$717$416$201
41 years$3,047$1,894$1,135$662$378$178
42 years$2,941$1,804$1,065$611$343$158
43 years$2,840$1,719$999$564$311$140
44 years$2,745$1,638$938$520$282$125
45 years$2,653$1,562$881$481$256$111
46 years$2,566$1,490$827$444$233$98
47 years$2,483$1,422$777$410$211$87
48 years$2,404$1,358$730$379$192$77
49 years$2,328$1,296$687$350$174$69
50 years$2,255$1,238$645$324$158$61

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 $3,379 every year, while hoping to spend $23,398 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: 73/17/10 Blend
60$2,310,000$2,310,000$2,310,000$2,310,000
61$2,549,105$2,426,675$2,390,870$2,730,199
62$2,784,219$2,520,687$2,446,069$2,944,253
63$3,042,530$2,618,521$2,502,333$3,175,383
64$3,326,379$2,720,341$2,559,673$3,427,881
65$3,638,347$2,826,314$2,618,099$3,703,856
66$3,981,275$2,936,620$2,677,622$4,005,624
67$4,358,294$3,051,444$2,738,251$4,335,740
68$4,772,853$3,170,977$2,799,996$4,697,012
69$5,228,753$3,295,424$2,862,864$5,092,537
70$5,730,179$3,424,994$2,926,864$5,525,719
71$6,281,747$3,559,907$2,992,003$6,000,311
72$6,888,537$3,700,395$3,058,287$6,520,442
73$7,556,151$3,846,698$3,125,723$7,090,663
74$8,290,759$3,999,066$3,194,315$7,715,981
75$9,099,158$4,157,762$3,264,066$8,401,913
76$9,988,841$4,323,061$3,334,981$9,154,535
77$10,968,061$4,495,249$3,407,061$9,980,538
78$12,045,912$4,674,625$3,480,307$10,887,292
79$13,232,416$4,861,503$3,554,718$11,882,915
80$14,538,615$5,056,210$3,630,294$12,976,347
81$15,976,676$5,259,086$3,707,031$14,177,437
82$17,560,006$5,470,490$3,784,925$15,497,034
83$19,303,376$5,690,794$3,863,970$16,947,088
84$21,223,067$5,920,389$3,944,159$18,540,763
85$23,337,015$6,159,683$4,025,483$20,292,561
86$25,664,984$6,409,101$4,107,931$22,218,457
87$28,228,756$6,669,091$4,191,490$24,336,051
88$31,052,330$6,940,117$4,276,146$26,664,731
89$34,162,152$7,222,667$4,361,881$29,225,858
90$37,587,364$7,517,250$4,448,677$32,042,963
91$41,360,079$7,824,399$4,536,511$35,141,974
92$45,515,683$8,144,671$4,625,360$38,551,454
93$50,093,170$8,478,647$4,715,198$42,302,873
94$55,135,510$8,826,938$4,805,993$46,430,905
95$60,690,053$9,190,178$4,897,715$50,973,751
96$66,808,977$9,569,036$4,990,327$55,973,502
97$73,549,781$9,964,206$5,083,791$61,476,533
98$80,975,824$10,376,418$5,178,064$67,533,940
99$89,156,929$10,806,433$5,273,099$74,202,025
100$98,170,035$11,255,048$5,368,848$81,542,819