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%13.1%
1 years$205,622$203,790$202,003$200,259$198,556$195,994
2 years$101,793$99,897$98,060$96,278$94,551$91,973
3 years$67,188$65,284$63,451$61,687$59,987$57,473
4 years$49,889$47,991$46,176$44,442$42,783$40,354
5 years$39,512$37,625$35,835$34,135$32,523$30,185
6 years$32,596$30,724$28,960$27,298$25,734$23,490
7 years$27,659$25,802$24,066$22,444$20,929$18,779
8 years$23,957$22,117$20,410$18,827$17,363$15,307
9 years$21,079$19,257$17,579$16,037$14,622$12,660
10 years$18,779$16,974$15,326$13,824$12,458$10,589
11 years$16,898$15,111$13,492$12,031$10,715$8,936
12 years$15,331$13,563$11,974$10,553$9,285$7,594
13 years$14,007$12,257$10,698$9,316$8,097$6,492
14 years$12,872$11,141$9,612$8,270$7,098$5,577
15 years$11,890$10,178$8,679$7,375$6,249$4,810
16 years$11,032$9,338$7,868$6,604$5,523$4,163
17 years$10,275$8,600$7,160$5,934$4,897$3,613
18 years$9,603$7,946$6,536$5,347$4,354$3,143
19 years$9,002$7,365$5,984$4,832$3,881$2,740
20 years$8,463$6,844$5,491$4,376$3,467$2,393
21 years$7,975$6,375$5,051$3,972$3,102$2,093
22 years$7,532$5,950$4,655$3,611$2,781$1,834
23 years$7,129$5,565$4,298$3,289$2,496$1,608
24 years$6,759$5,214$3,975$2,999$2,244$1,411
25 years$6,420$4,893$3,682$2,739$2,019$1,240
26 years$6,107$4,599$3,415$2,505$1,819$1,090
27 years$5,818$4,328$3,171$2,293$1,640$959
28 years$5,550$4,078$2,948$2,100$1,479$845
29 years$5,301$3,848$2,743$1,926$1,336$744
30 years$5,069$3,634$2,555$1,768$1,207$656
31 years$4,852$3,435$2,382$1,624$1,091$578
32 years$4,649$3,250$2,223$1,492$987$510
33 years$4,459$3,078$2,075$1,372$893$450
34 years$4,281$2,917$1,939$1,262$809$397
35 years$4,113$2,767$1,813$1,162$733$350
36 years$3,955$2,626$1,696$1,070$664$309
37 years$3,805$2,494$1,587$986$602$273
38 years$3,664$2,370$1,486$909$545$241
39 years$3,531$2,254$1,393$838$495$213
40 years$3,404$2,145$1,305$773$449$188
41 years$3,284$2,041$1,224$713$407$166
42 years$3,170$1,944$1,148$658$369$147
43 years$3,062$1,852$1,077$608$335$130
44 years$2,958$1,766$1,011$561$304$115
45 years$2,860$1,684$950$518$276$101
46 years$2,766$1,606$892$479$251$89
47 years$2,677$1,533$838$442$228$79
48 years$2,591$1,463$787$409$207$70
49 years$2,509$1,397$740$378$188$62
50 years$2,431$1,335$696$349$171$55

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 $3,126 every year, while hoping to spend $42,578 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: 62/12/26 Blend
60$2,490,000$2,490,000$2,490,000$2,490,000
61$2,747,204$2,615,234$2,576,639$2,898,324
62$2,982,117$2,698,078$2,617,654$3,084,051
63$3,239,563$2,783,554$2,658,616$3,281,826
64$3,521,797$2,871,747$2,699,478$3,496,856
65$3,831,300$2,962,742$2,740,190$3,730,834
66$4,170,806$3,056,631$2,780,701$3,985,624
67$4,543,327$3,153,504$2,820,952$4,263,281
68$4,952,178$3,253,457$2,860,886$4,566,067
69$5,401,013$3,356,590$2,900,439$4,896,473
70$5,893,856$3,463,003$2,939,543$5,257,245
71$6,435,141$3,572,801$2,978,129$5,651,404
72$7,029,749$3,686,093$3,016,121$6,082,281
73$7,683,063$3,802,990$3,053,440$6,553,545
74$8,401,006$3,923,608$3,090,001$7,069,237
75$9,190,110$4,048,065$3,125,717$7,633,809
76$10,057,566$4,176,486$3,160,494$8,252,167
77$11,011,300$4,308,996$3,194,233$8,929,714
78$12,060,043$4,445,727$3,226,830$9,672,405
79$13,213,413$4,586,813$3,258,174$10,486,798
80$14,482,010$4,732,395$3,288,152$11,380,124
81$15,877,509$4,882,617$3,316,639$12,360,343
82$17,412,777$5,037,627$3,343,508$13,436,233
83$19,101,989$5,197,580$3,368,624$14,617,460
84$20,960,763$5,362,632$3,391,845$15,914,678
85$23,006,309$5,532,949$3,413,019$17,339,626
86$25,257,588$5,708,700$3,431,991$18,905,238
87$27,735,494$5,890,058$3,448,595$20,625,768
88$30,463,048$6,077,204$3,462,656$22,516,919
89$33,465,616$6,270,324$3,473,992$24,595,998
90$36,771,149$6,469,610$3,482,411$26,882,075
91$40,410,446$6,675,260$3,487,711$29,396,165
92$44,417,443$6,887,480$3,489,681$32,161,422
93$48,829,535$7,106,479$3,488,099$35,203,364
94$53,687,928$7,332,478$3,482,731$38,550,109
95$59,038,028$7,565,700$3,473,333$42,232,644
96$64,929,867$7,806,379$3,459,650$46,285,113
97$71,418,577$8,054,755$3,441,412$50,745,142
98$78,564,910$8,311,076$3,418,337$55,654,197
99$86,435,810$8,575,599$3,390,131$61,057,969
100$95,105,047$8,848,588$3,356,485$67,006,811