Can I retire at age 61 with 2,410,000?

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 $2,410,000?

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$199,016$197,243$195,513$193,825$192,177$188,374
2 years$98,523$96,688$94,909$93,185$91,513$87,697
3 years$65,029$63,186$61,413$59,705$58,059$54,351
4 years$48,286$46,449$44,693$43,014$41,408$37,835
5 years$38,243$36,416$34,683$33,039$31,478$28,050
6 years$31,549$29,737$28,029$26,421$24,908$21,628
7 years$26,770$24,973$23,292$21,722$20,256$17,127
8 years$23,187$21,406$19,754$18,222$16,805$13,824
9 years$20,402$18,638$17,014$15,521$14,152$11,318
10 years$18,175$16,429$14,833$13,380$12,058$9,369
11 years$16,355$14,625$13,059$11,644$10,370$7,822
12 years$14,839$13,127$11,589$10,214$8,987$6,576
13 years$13,557$11,863$10,354$9,017$7,837$5,559
14 years$12,459$10,783$9,303$8,004$6,870$4,721
15 years$11,508$9,851$8,400$7,138$6,049$4,025
16 years$10,677$9,038$7,616$6,392$5,346$3,442
17 years$9,945$8,323$6,930$5,743$4,740$2,951
18 years$9,294$7,691$6,326$5,176$4,214$2,536
19 years$8,713$7,128$5,791$4,677$3,756$2,183
20 years$8,191$6,624$5,315$4,236$3,355$1,883
21 years$7,719$6,170$4,889$3,844$3,003$1,626
22 years$7,290$5,759$4,506$3,495$2,691$1,406
23 years$6,899$5,387$4,160$3,183$2,416$1,217
24 years$6,542$5,047$3,848$2,903$2,172$1,054
25 years$6,213$4,736$3,564$2,651$1,954$914
26 years$5,911$4,451$3,305$2,424$1,760$792
27 years$5,631$4,189$3,069$2,219$1,587$688
28 years$5,371$3,947$2,853$2,033$1,432$597
29 years$5,130$3,724$2,655$1,864$1,293$519
30 years$4,906$3,517$2,473$1,711$1,168$451
31 years$4,696$3,325$2,306$1,571$1,056$392
32 years$4,500$3,146$2,151$1,444$955$341
33 years$4,316$2,979$2,008$1,328$865$296
34 years$4,143$2,823$1,877$1,222$783$258
35 years$3,981$2,678$1,755$1,125$709$224
36 years$3,828$2,542$1,641$1,036$642$195
37 years$3,683$2,414$1,536$954$582$170
38 years$3,547$2,294$1,439$880$528$148
39 years$3,417$2,182$1,348$811$479$129
40 years$3,295$2,076$1,263$748$434$112
41 years$3,179$1,976$1,185$690$394$98
42 years$3,068$1,882$1,111$637$357$85
43 years$2,963$1,793$1,043$588$324$74
44 years$2,863$1,709$979$543$294$64
45 years$2,768$1,630$919$501$267$56
46 years$2,677$1,555$863$463$243$49
47 years$2,591$1,484$811$428$220$43
48 years$2,508$1,416$762$395$200$37
49 years$2,429$1,353$716$365$182$32
50 years$2,353$1,292$673$338$165$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,410,000, adding $5,521 every year, while hoping to spend $26,347 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: 54/41/5 Blend
60$2,410,000$2,410,000$2,410,000$2,410,000
61$2,661,515$2,533,785$2,496,430$2,802,135
62$2,904,956$2,629,907$2,552,027$2,993,809
63$3,172,346$2,729,857$2,608,604$3,198,905
64$3,466,098$2,833,793$2,666,166$3,421,458
65$3,788,874$2,941,882$2,724,716$3,663,121
66$4,143,603$3,054,299$2,784,258$3,925,714
67$4,533,516$3,171,224$2,844,795$4,211,237
68$4,962,168$3,292,848$2,906,330$4,521,887
69$5,433,479$3,419,367$2,968,862$4,860,083
70$5,951,767$3,550,989$3,032,391$5,228,482
71$6,521,788$3,687,929$3,096,917$5,630,008
72$7,148,784$3,830,411$3,162,438$6,067,876
73$7,838,530$3,978,671$3,228,949$6,545,625
74$8,597,387$4,132,953$3,296,447$7,067,144
75$9,432,367$4,293,514$3,364,924$7,636,717
76$10,351,193$4,460,621$3,434,374$8,259,053
77$11,362,377$4,634,553$3,504,787$8,939,338
78$12,475,295$4,815,602$3,576,153$9,683,276
79$13,700,280$5,004,072$3,648,459$10,497,147
80$15,048,717$5,200,280$3,721,691$11,387,862
81$16,533,152$5,404,560$3,795,834$12,363,028
82$18,167,408$5,617,257$3,870,868$13,431,020
83$19,966,716$5,838,735$3,946,774$14,601,056
84$21,947,859$6,069,371$4,023,530$15,883,286
85$24,129,332$6,309,562$4,101,109$17,288,883
86$26,531,513$6,559,719$4,179,486$18,830,152
87$29,176,858$6,820,276$4,258,629$20,520,639
88$32,090,110$7,091,683$4,338,506$22,375,262
89$35,298,537$7,374,410$4,419,081$24,410,446
90$38,832,183$7,668,951$4,500,315$26,644,282
91$42,724,156$7,975,821$4,582,167$29,096,690
92$47,010,940$8,295,556$4,664,589$31,789,611
93$51,732,737$8,628,719$4,747,534$34,747,206
94$56,933,848$8,975,898$4,830,948$37,996,089
95$62,663,089$9,337,707$4,914,774$41,565,571
96$68,974,256$9,714,786$4,998,951$45,487,937
97$75,926,628$10,107,808$5,083,413$49,798,749
98$83,585,526$10,517,473$5,168,090$54,537,175
99$92,022,936$10,944,515$5,252,907$59,746,366
100$101,318,179$11,389,700$5,337,783$65,473,848