Can I retire at age 61 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$202,319$200,517$198,758$197,042$195,366$192,447
2 years$100,158$98,292$96,485$94,732$93,032$90,097
3 years$66,109$64,235$62,432$60,696$59,023$56,164
4 years$49,087$47,220$45,434$43,728$42,096$39,335
5 years$38,877$37,021$35,259$33,587$32,001$29,346
6 years$32,073$30,230$28,495$26,860$25,321$22,775
7 years$27,214$25,387$23,679$22,083$20,593$18,157
8 years$23,572$21,762$20,082$18,525$17,084$14,758
9 years$20,741$18,947$17,296$15,779$14,387$12,170
10 years$18,477$16,701$15,079$13,602$12,258$10,148
11 years$16,626$14,868$13,276$11,838$10,543$8,537
12 years$15,085$13,345$11,782$10,383$9,136$7,232
13 years$13,782$12,060$10,526$9,167$7,967$6,163
14 years$12,666$10,962$9,458$8,137$6,984$5,276
15 years$11,699$10,014$8,539$7,257$6,149$4,535
16 years$10,854$9,188$7,742$6,498$5,434$3,911
17 years$10,110$8,462$7,045$5,838$4,819$3,382
18 years$9,449$7,819$6,431$5,261$4,284$2,932
19 years$8,858$7,246$5,887$4,754$3,819$2,547
20 years$8,327$6,734$5,403$4,306$3,411$2,216
21 years$7,847$6,272$4,970$3,908$3,052$1,931
22 years$7,411$5,855$4,580$3,553$2,736$1,685
23 years$7,014$5,476$4,229$3,236$2,456$1,472
24 years$6,650$5,131$3,911$2,951$2,208$1,287
25 years$6,316$4,815$3,623$2,695$1,987$1,126
26 years$6,009$4,525$3,360$2,464$1,789$986
27 years$5,724$4,259$3,120$2,256$1,613$864
28 years$5,461$4,013$2,900$2,067$1,456$758
29 years$5,215$3,786$2,699$1,895$1,314$665
30 years$4,987$3,575$2,514$1,739$1,188$584
31 years$4,774$3,380$2,344$1,597$1,074$512
32 years$4,575$3,198$2,187$1,468$971$450
33 years$4,388$3,029$2,042$1,350$879$395
34 years$4,212$2,870$1,908$1,242$796$347
35 years$4,047$2,722$1,784$1,143$721$305
36 years$3,891$2,584$1,669$1,053$653$268
37 years$3,744$2,454$1,562$970$592$236
38 years$3,605$2,332$1,462$894$537$207
39 years$3,474$2,218$1,370$825$487$182
40 years$3,350$2,110$1,284$761$441$160
41 years$3,231$2,009$1,204$702$400$141
42 years$3,119$1,913$1,130$648$363$124
43 years$3,013$1,823$1,060$598$330$109
44 years$2,911$1,737$995$552$299$96
45 years$2,814$1,657$934$510$272$85
46 years$2,722$1,580$877$471$247$74
47 years$2,634$1,508$824$435$224$65
48 years$2,550$1,440$775$402$203$58
49 years$2,469$1,375$728$372$185$51
50 years$2,392$1,313$685$343$168$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,450,000, adding $4,178 every year, while hoping to spend $59,336 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: 63/16/21 Blend
60$2,450,000$2,450,000$2,450,000$2,450,000
61$2,704,210$2,574,360$2,536,385$2,859,648
62$2,916,906$2,637,370$2,558,220$3,027,967
63$3,149,309$2,701,480$2,578,799$3,204,698
64$3,403,365$2,766,679$2,598,016$3,396,356
65$3,681,219$2,832,957$2,615,760$3,604,402
66$3,985,232$2,900,301$2,631,917$3,830,448
67$4,318,003$2,968,692$2,646,363$4,076,269
68$4,682,394$3,038,113$2,658,971$4,343,823
69$5,081,557$3,108,540$2,669,606$4,635,264
70$5,518,964$3,179,947$2,678,126$4,952,968
71$5,998,438$3,252,304$2,684,383$5,299,552
72$6,524,190$3,325,577$2,688,220$5,677,900
73$7,100,856$3,399,730$2,689,475$6,091,188
74$7,733,545$3,474,718$2,687,974$6,542,921
75$8,427,883$3,550,496$2,683,537$7,036,956
76$9,190,067$3,627,010$2,675,976$7,577,546
77$10,026,924$3,704,204$2,665,091$8,169,379
78$10,945,974$3,782,013$2,650,675$8,817,620
79$11,955,500$3,860,369$2,632,510$9,527,961
80$13,064,629$3,939,194$2,610,366$10,306,676
81$14,283,413$4,018,407$2,584,006$11,160,678
82$15,622,929$4,097,916$2,553,177$12,097,587
83$17,095,377$4,177,623$2,517,618$13,125,802
84$18,714,200$4,257,422$2,477,053$14,254,578
85$20,494,209$4,337,196$2,431,195$15,494,115
86$22,451,721$4,416,821$2,379,742$16,855,655
87$24,604,712$4,496,161$2,322,379$18,351,589
88$26,972,990$4,575,070$2,258,776$19,995,571
89$29,578,378$4,653,392$2,188,589$21,802,653
90$32,444,922$4,730,957$2,111,455$23,789,421
91$35,599,114$4,807,584$2,026,999$25,974,156
92$39,070,145$4,883,077$1,934,825$28,377,007
93$42,890,178$4,957,226$1,834,520$31,020,178
94$47,094,654$5,029,808$1,725,654$33,928,143
95$51,722,621$5,100,581$1,607,776$37,127,875
96$56,817,106$5,169,287$1,480,414$40,649,100
97$62,425,521$5,235,652$1,343,078$44,524,581
98$68,600,105$5,299,380$1,195,252$48,790,427
99$75,398,423$5,360,157$1,036,401$53,486,433
100$82,883,905$5,417,647$865,963$58,656,457