Can I retire at age 61 with 2,490,000?

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 $2,490,000?

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$205,622$203,790$202,003$200,259$198,556$196,401
2 years$101,793$99,897$98,060$96,278$94,551$92,380
3 years$67,188$65,284$63,451$61,687$59,987$57,869
4 years$49,889$47,991$46,176$44,442$42,783$40,734
5 years$39,512$37,625$35,835$34,135$32,523$30,549
6 years$32,596$30,724$28,960$27,298$25,734$23,838
7 years$27,659$25,802$24,066$22,444$20,929$19,110
8 years$23,957$22,117$20,410$18,827$17,363$15,622
9 years$21,079$19,257$17,579$16,037$14,622$12,958
10 years$18,779$16,974$15,326$13,824$12,458$10,871
11 years$16,898$15,111$13,492$12,031$10,715$9,202
12 years$15,331$13,563$11,974$10,553$9,285$7,846
13 years$14,007$12,257$10,698$9,316$8,097$6,729
14 years$12,872$11,141$9,612$8,270$7,098$5,800
15 years$11,890$10,178$8,679$7,375$6,249$5,019
16 years$11,032$9,338$7,868$6,604$5,523$4,359
17 years$10,275$8,600$7,160$5,934$4,897$3,796
18 years$9,603$7,946$6,536$5,347$4,354$3,314
19 years$9,002$7,365$5,984$4,832$3,881$2,900
20 years$8,463$6,844$5,491$4,376$3,467$2,542
21 years$7,975$6,375$5,051$3,972$3,102$2,232
22 years$7,532$5,950$4,655$3,611$2,781$1,963
23 years$7,129$5,565$4,298$3,289$2,496$1,728
24 years$6,759$5,214$3,975$2,999$2,244$1,522
25 years$6,420$4,893$3,682$2,739$2,019$1,343
26 years$6,107$4,599$3,415$2,505$1,819$1,185
27 years$5,818$4,328$3,171$2,293$1,640$1,047
28 years$5,550$4,078$2,948$2,100$1,479$926
29 years$5,301$3,848$2,743$1,926$1,336$819
30 years$5,069$3,634$2,555$1,768$1,207$724
31 years$4,852$3,435$2,382$1,624$1,091$641
32 years$4,649$3,250$2,223$1,492$987$568
33 years$4,459$3,078$2,075$1,372$893$503
34 years$4,281$2,917$1,939$1,262$809$446
35 years$4,113$2,767$1,813$1,162$733$395
36 years$3,955$2,626$1,696$1,070$664$350
37 years$3,805$2,494$1,587$986$602$310
38 years$3,664$2,370$1,486$909$545$275
39 years$3,531$2,254$1,393$838$495$244
40 years$3,404$2,145$1,305$773$449$217
41 years$3,284$2,041$1,224$713$407$192
42 years$3,170$1,944$1,148$658$369$171
43 years$3,062$1,852$1,077$608$335$151
44 years$2,958$1,766$1,011$561$304$134
45 years$2,860$1,684$950$518$276$119
46 years$2,766$1,606$892$479$251$106
47 years$2,677$1,533$838$442$228$94
48 years$2,591$1,463$787$409$207$83
49 years$2,509$1,397$740$378$188$74
50 years$2,431$1,335$696$349$171$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,490,000, adding $5,049 every year, while hoping to spend $36,199 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: 46/40/14 Blend
60$2,490,000$2,490,000$2,490,000$2,490,000
61$2,749,188$2,617,218$2,578,623$2,864,533
62$2,991,090$2,706,946$2,626,491$3,034,848
63$3,256,452$2,799,858$2,674,750$3,215,420
64$3,547,630$2,896,071$2,723,374$3,410,519
65$3,867,217$2,995,707$2,772,336$3,621,508
66$4,218,071$3,098,894$2,821,607$3,849,884
67$4,603,338$3,205,764$2,871,155$4,097,293
68$5,026,486$3,316,454$2,920,946$4,365,546
69$5,491,333$3,431,106$2,970,943$4,656,632
70$6,002,088$3,549,869$3,021,108$4,972,742
71$6,563,384$3,672,896$3,071,399$5,316,284
72$7,180,329$3,800,347$3,121,770$5,689,907
73$7,858,548$3,932,390$3,172,175$6,096,526
74$8,604,239$4,069,195$3,222,562$6,539,347
75$9,424,230$4,210,945$3,272,876$7,021,900
76$10,326,044$4,357,824$3,323,060$7,548,069
77$11,317,970$4,510,027$3,373,053$8,122,127
78$12,409,141$4,667,756$3,422,788$8,748,781
79$13,609,619$4,831,222$3,472,197$9,433,208
80$14,930,490$5,000,641$3,521,205$10,181,109
81$16,383,970$5,176,242$3,569,735$10,998,762
82$17,983,517$5,358,260$3,617,703$11,893,076
83$19,743,962$5,546,942$3,665,023$12,871,659
84$21,681,646$5,742,541$3,711,600$13,942,888
85$23,814,573$5,945,325$3,757,338$15,115,988
86$26,162,582$6,155,569$3,802,132$16,401,117
87$28,747,535$6,373,561$3,845,873$17,809,461
88$31,593,518$6,599,600$3,888,445$19,353,341
89$34,727,075$6,833,998$3,929,725$21,046,323
90$38,177,451$7,077,079$3,969,585$22,903,351
91$41,976,874$7,329,179$4,007,890$24,940,884
92$46,160,857$7,590,650$4,044,495$27,177,050
93$50,768,529$7,861,857$4,079,251$29,631,818
94$55,843,010$8,143,179$4,111,997$32,327,181
95$61,431,816$8,435,014$4,142,568$35,287,368
96$67,587,303$8,737,772$4,170,786$38,539,069
97$74,367,168$9,051,882$4,196,467$42,111,682
98$81,834,987$9,377,792$4,219,416$46,037,597
99$90,060,818$9,715,966$4,239,429$50,352,492
100$99,121,861$10,066,888$4,256,290$55,095,675