Can I retire at age 61 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$192,409$190,695$189,023$187,391$185,797$180,211
2 years$95,252$93,478$91,759$90,092$88,475$82,894
3 years$62,871$61,089$59,374$57,723$56,132$50,731
4 years$46,683$44,907$43,209$41,586$40,034$34,855
5 years$36,973$35,208$33,532$31,942$30,433$25,489
6 years$30,502$28,750$27,099$25,544$24,081$19,377
7 years$25,881$24,144$22,519$21,001$19,584$15,120
8 years$22,418$20,696$19,098$17,618$16,247$12,020
9 years$19,725$18,019$16,449$15,006$13,682$9,688
10 years$17,572$15,883$14,341$12,936$11,658$7,891
11 years$15,812$14,140$12,625$11,258$10,026$6,480
12 years$14,346$12,691$11,205$9,875$8,689$5,355
13 years$13,107$11,469$10,011$8,718$7,577$4,449
14 years$12,045$10,425$8,995$7,739$6,642$3,712
15 years$11,126$9,524$8,121$6,902$5,848$3,107
16 years$10,323$8,738$7,363$6,180$5,168$2,608
17 years$9,615$8,047$6,700$5,552$4,583$2,195
18 years$8,986$7,436$6,116$5,004$4,075$1,850
19 years$8,424$6,891$5,599$4,521$3,632$1,562
20 years$7,919$6,404$5,139$4,095$3,244$1,321
21 years$7,463$5,965$4,726$3,716$2,903$1,118
22 years$7,048$5,568$4,356$3,379$2,602$947
23 years$6,670$5,208$4,022$3,077$2,336$803
24 years$6,325$4,879$3,720$2,807$2,099$682
25 years$6,007$4,579$3,445$2,563$1,889$579
26 years$5,714$4,303$3,195$2,344$1,702$492
27 years$5,444$4,050$2,967$2,145$1,534$418
28 years$5,193$3,816$2,758$1,966$1,384$355
29 years$4,960$3,600$2,567$1,802$1,250$302
30 years$4,743$3,400$2,391$1,654$1,130$257
31 years$4,540$3,214$2,229$1,519$1,021$219
32 years$4,350$3,041$2,080$1,396$924$186
33 years$4,173$2,880$1,942$1,284$836$158
34 years$4,006$2,730$1,814$1,181$757$135
35 years$3,849$2,589$1,696$1,087$686$115
36 years$3,701$2,457$1,587$1,002$621$98
37 years$3,561$2,334$1,485$923$563$83
38 years$3,429$2,218$1,391$851$510$71
39 years$3,304$2,109$1,303$784$463$60
40 years$3,185$2,007$1,221$723$420$51
41 years$3,073$1,910$1,145$667$381$44
42 years$2,966$1,819$1,074$616$346$37
43 years$2,865$1,733$1,008$569$314$32
44 years$2,768$1,652$946$525$285$27
45 years$2,676$1,576$889$485$258$23
46 years$2,589$1,503$835$448$235$20
47 years$2,505$1,434$784$414$213$17
48 years$2,425$1,369$737$382$194$14
49 years$2,348$1,308$692$353$176$12
50 years$2,275$1,249$651$327$160$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,330,000, adding $3,218 every year, while hoping to spend $25,911 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: 58/20/22 Blend
60$2,330,000$2,330,000$2,330,000$2,330,000
61$2,570,979$2,447,489$2,411,374$2,704,771
62$2,805,650$2,539,847$2,464,586$2,888,597
63$3,063,389$2,635,862$2,518,712$3,085,850
64$3,346,521$2,735,686$2,573,756$3,300,343
65$3,657,609$2,839,477$2,629,719$3,533,749
66$3,999,475$2,947,401$2,686,605$3,787,905
67$4,375,228$3,059,631$2,744,412$4,064,835
68$4,788,293$3,176,345$2,803,143$4,366,768
69$5,242,446$3,297,732$2,862,794$4,696,154
70$5,741,842$3,423,988$2,923,365$5,055,691
71$6,291,065$3,555,318$2,984,852$5,448,350
72$6,895,160$3,691,935$3,047,251$5,877,401
73$7,559,688$3,834,062$3,110,556$6,346,443
74$8,290,777$3,981,931$3,174,760$6,859,440
75$9,095,177$4,135,787$3,239,855$7,420,756
76$9,980,326$4,295,881$3,305,831$8,035,196
77$10,954,419$4,462,480$3,372,677$8,708,051
78$12,026,487$4,635,859$3,440,379$9,445,148
79$13,206,480$4,816,307$3,508,923$10,252,904
80$14,505,361$5,004,126$3,578,292$11,138,386
81$15,935,210$5,199,630$3,648,467$12,109,376
82$17,509,338$5,403,149$3,719,427$13,174,448
83$19,242,412$5,615,025$3,791,150$14,343,042
84$21,150,594$5,835,617$3,863,609$15,625,558
85$23,251,693$6,065,300$3,936,778$17,033,452
86$25,565,331$6,304,466$4,010,626$18,579,340
87$28,113,133$6,553,522$4,085,120$20,277,122
88$30,918,924$6,812,897$4,160,223$22,142,109
89$34,008,962$7,083,036$4,235,898$24,191,167
90$37,412,176$7,364,405$4,312,101$26,442,876
91$41,160,450$7,657,492$4,388,787$28,917,706
92$45,288,912$7,962,806$4,465,908$31,638,207
93$49,836,275$8,280,878$4,543,411$34,629,221
94$54,845,198$8,612,264$4,621,238$37,918,118
95$60,362,689$8,957,545$4,699,330$41,535,052
96$66,440,547$9,317,328$4,777,621$45,513,243
97$73,135,853$9,692,248$4,856,042$49,889,295
98$80,511,510$10,082,967$4,934,519$54,703,532
99$88,636,831$10,490,180$5,012,972$60,000,386
100$97,588,199$10,914,610$5,091,318$65,828,810