Can I retire at age 61 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$203,145$201,335$199,570$197,846$196,164$188,604
2 years$100,567$98,694$96,878$95,118$93,411$85,885
3 years$66,378$64,497$62,687$60,943$59,264$52,008
4 years$49,288$47,412$45,620$43,906$42,268$35,338
5 years$39,036$37,172$35,403$33,724$32,131$25,545
6 years$32,204$30,354$28,611$26,970$25,424$19,186
7 years$27,325$25,491$23,776$22,173$20,677$14,784
8 years$23,668$21,850$20,164$18,600$17,153$11,601
9 years$20,825$19,025$17,367$15,843$14,446$9,225
10 years$18,552$16,769$15,141$13,657$12,308$7,410
11 years$16,694$14,929$13,330$11,886$10,586$5,999
12 years$15,146$13,399$11,830$10,426$9,173$4,886
13 years$13,838$12,109$10,569$9,204$7,999$3,999
14 years$12,717$11,007$9,496$8,170$7,012$3,285
15 years$11,747$10,055$8,574$7,287$6,174$2,707
16 years$10,899$9,225$7,774$6,524$5,457$2,237
17 years$10,151$8,496$7,074$5,862$4,838$1,852
18 years$9,487$7,851$6,457$5,283$4,302$1,536
19 years$8,894$7,276$5,911$4,774$3,834$1,275
20 years$8,361$6,761$5,425$4,323$3,425$1,060
21 years$7,879$6,298$4,990$3,924$3,065$882
22 years$7,441$5,879$4,599$3,568$2,747$735
23 years$7,043$5,498$4,247$3,249$2,466$613
24 years$6,678$5,152$3,927$2,963$2,217$511
25 years$6,342$4,834$3,637$2,706$1,995$426
26 years$6,033$4,544$3,374$2,474$1,797$356
27 years$5,748$4,276$3,133$2,265$1,620$297
28 years$5,483$4,029$2,912$2,075$1,462$248
29 years$5,237$3,801$2,710$1,903$1,320$207
30 years$5,007$3,590$2,524$1,746$1,193$173
31 years$4,793$3,394$2,353$1,604$1,078$144
32 years$4,593$3,211$2,196$1,474$975$121
33 years$4,405$3,041$2,050$1,356$883$101
34 years$4,229$2,882$1,916$1,247$799$84
35 years$4,063$2,734$1,791$1,148$724$70
36 years$3,907$2,595$1,675$1,057$656$59
37 years$3,760$2,464$1,568$974$594$49
38 years$3,620$2,342$1,468$898$539$41
39 years$3,488$2,227$1,376$828$489$34
40 years$3,363$2,119$1,290$764$443$29
41 years$3,245$2,017$1,209$705$402$24
42 years$3,132$1,921$1,134$650$365$20
43 years$3,025$1,830$1,064$600$331$17
44 years$2,923$1,744$999$554$301$14
45 years$2,826$1,664$938$512$273$12
46 years$2,733$1,587$881$473$248$10
47 years$2,645$1,514$828$437$225$8
48 years$2,560$1,446$778$404$204$7
49 years$2,479$1,381$731$373$186$6
50 years$2,402$1,319$687$345$169$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,460,000, adding $3,669 every year, while hoping to spend $50,899 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: 40/50/10 Blend
60$2,460,000$2,460,000$2,460,000$2,460,000
61$2,714,705$2,584,325$2,546,195$2,815,009
62$2,937,448$2,656,800$2,577,336$2,958,404
63$3,181,206$2,731,121$2,607,815$3,108,101
64$3,448,067$2,807,325$2,637,555$3,268,897
65$3,740,333$2,885,447$2,666,476$3,441,816
66$4,060,538$2,965,525$2,694,494$3,627,988
67$4,411,473$3,047,595$2,721,519$3,828,651
68$4,796,211$3,131,695$2,747,458$4,045,172
69$5,218,137$3,217,861$2,772,210$4,279,050
70$5,680,980$3,306,129$2,795,673$4,531,938
71$6,188,847$3,396,537$2,817,735$4,805,655
72$6,746,261$3,489,119$2,838,281$5,102,201
73$7,358,206$3,583,911$2,857,188$5,423,778
74$8,030,169$3,680,949$2,874,330$5,772,812
75$8,768,197$3,780,266$2,889,571$6,151,972
76$9,578,951$3,881,897$2,902,770$6,564,197
77$10,469,768$3,985,875$2,913,777$7,012,724
78$11,448,733$4,092,230$2,922,437$7,501,117
79$12,524,750$4,200,996$2,928,585$8,033,300
80$13,707,630$4,312,200$2,932,048$8,613,597
81$15,008,183$4,425,873$2,932,646$9,246,768
82$16,438,317$4,542,040$2,930,189$9,938,058
83$18,011,152$4,660,727$2,924,478$10,693,243
84$19,741,145$4,781,958$2,915,303$11,518,686
85$21,644,222$4,905,754$2,902,446$12,421,396
86$23,737,932$5,032,135$2,885,677$13,409,096
87$26,041,608$5,161,117$2,864,755$14,490,292
88$28,576,556$5,292,716$2,839,427$15,674,357
89$31,366,248$5,426,942$2,809,431$16,971,617
90$34,436,547$5,563,803$2,774,489$18,393,448
91$37,815,951$5,703,306$2,734,310$19,952,385
92$41,535,860$5,845,451$2,688,593$21,662,239
93$45,630,876$5,990,235$2,637,018$23,538,228
94$50,139,121$6,137,653$2,579,254$25,597,119
95$55,102,604$6,287,691$2,514,952$27,857,388
96$60,567,616$6,440,334$2,443,749$30,339,394
97$66,585,162$6,595,559$2,365,264$33,065,568
98$73,211,447$6,753,340$2,279,098$36,060,632
99$80,508,403$6,913,642$2,184,836$39,351,824
100$88,544,273$7,076,424$2,082,042$42,969,161