Can I retire at age 61 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$206,448$204,609$202,815$201,063$199,354$193,905
2 years$102,202$100,298$98,454$96,665$94,930$89,481
3 years$67,458$65,546$63,706$61,934$60,228$54,948
4 years$50,089$48,183$46,362$44,620$42,955$37,885
5 years$39,671$37,776$35,979$34,273$32,654$27,808
6 years$32,727$30,847$29,076$27,408$25,838$21,221
7 years$27,770$25,905$24,162$22,534$21,013$16,625
8 years$24,053$22,206$20,492$18,903$17,432$13,271
9 years$21,164$19,334$17,649$16,101$14,680$10,742
10 years$18,854$17,042$15,387$13,879$12,509$8,788
11 years$16,965$15,172$13,547$12,079$10,758$7,249
12 years$15,393$13,617$12,022$10,595$9,322$6,019
13 years$14,063$12,306$10,741$9,354$8,129$5,024
14 years$12,924$11,186$9,651$8,303$7,126$4,211
15 years$11,938$10,218$8,713$7,405$6,274$3,543
16 years$11,076$9,375$7,900$6,630$5,545$2,989
17 years$10,316$8,634$7,189$5,957$4,917$2,528
18 years$9,642$7,978$6,562$5,369$4,372$2,142
19 years$9,039$7,394$6,008$4,851$3,897$1,818
20 years$8,497$6,871$5,513$4,394$3,481$1,546
21 years$8,007$6,400$5,071$3,988$3,115$1,316
22 years$7,562$5,974$4,674$3,626$2,792$1,121
23 years$7,157$5,588$4,316$3,302$2,506$956
24 years$6,786$5,235$3,991$3,012$2,253$815
25 years$6,445$4,913$3,697$2,750$2,027$696
26 years$6,131$4,617$3,428$2,515$1,826$595
27 years$5,841$4,346$3,184$2,302$1,646$508
28 years$5,572$4,095$2,960$2,109$1,485$435
29 years$5,322$3,863$2,754$1,934$1,341$372
30 years$5,089$3,648$2,565$1,775$1,212$318
31 years$4,871$3,449$2,392$1,630$1,096$272
32 years$4,668$3,263$2,231$1,498$991$233
33 years$4,477$3,090$2,084$1,378$897$199
34 years$4,298$2,929$1,947$1,268$812$171
35 years$4,129$2,778$1,820$1,167$736$146
36 years$3,971$2,637$1,703$1,075$666$125
37 years$3,821$2,504$1,594$990$604$107
38 years$3,679$2,380$1,492$913$548$92
39 years$3,545$2,263$1,398$841$497$79
40 years$3,418$2,153$1,310$776$450$67
41 years$3,297$2,050$1,229$716$409$58
42 years$3,183$1,952$1,153$661$371$49
43 years$3,074$1,860$1,082$610$337$42
44 years$2,970$1,773$1,015$563$305$36
45 years$2,872$1,691$953$520$277$31
46 years$2,777$1,613$895$481$252$27
47 years$2,688$1,539$841$444$229$23
48 years$2,602$1,469$791$410$208$20
49 years$2,519$1,403$743$379$189$17
50 years$2,441$1,340$699$350$171$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,500,000, adding $6,092 every year, while hoping to spend $34,543 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: 24/47/29 Blend
60$2,500,000$2,500,000$2,500,000$2,500,000
61$2,761,284$2,628,784$2,590,034$2,802,286
62$3,006,181$2,720,841$2,640,047$2,929,896
63$3,274,901$2,816,251$2,690,577$3,063,218
64$3,569,835$2,915,142$2,741,606$3,205,340
65$3,893,621$3,017,646$2,793,112$3,357,021
66$4,249,163$3,123,903$2,845,074$3,519,089
67$4,639,659$3,234,056$2,897,465$3,692,453
68$5,068,633$3,348,254$2,950,260$3,878,112
69$5,539,969$3,466,654$3,003,429$4,077,161
70$6,057,942$3,589,416$3,056,940$4,290,801
71$6,627,265$3,716,711$3,110,760$4,520,351
72$7,253,129$3,848,712$3,164,853$4,767,260
73$7,941,251$3,985,602$3,219,179$5,033,118
74$8,697,934$4,127,572$3,273,697$5,319,674
75$9,530,119$4,274,818$3,328,361$5,628,847
76$10,445,454$4,427,547$3,383,124$5,962,747
77$11,452,366$4,585,973$3,437,935$6,323,693
78$12,560,139$4,750,317$3,492,737$6,714,235
79$13,779,004$4,920,813$3,547,475$7,137,174
80$15,120,231$5,097,702$3,602,084$7,595,593
81$16,596,241$5,281,235$3,656,500$8,092,880
82$18,220,716$5,471,675$3,710,651$8,632,763
83$20,008,735$5,669,293$3,764,464$9,219,342
84$21,976,911$5,874,374$3,817,859$9,857,127
85$24,143,551$6,087,213$3,870,752$10,551,079
86$26,528,826$6,308,118$3,923,054$11,306,661
87$29,154,961$6,537,411$3,974,672$12,129,880
88$32,046,448$6,775,426$4,025,505$13,027,348
89$35,230,274$7,022,510$4,075,447$14,006,343
90$38,736,176$7,279,026$4,124,388$15,074,875
91$42,596,920$7,545,353$4,172,210$16,241,763
92$46,848,615$7,821,884$4,218,787$17,516,712
93$51,531,047$8,109,030$4,263,990$18,910,409
94$56,688,059$8,407,217$4,307,679$20,434,618
95$62,367,962$8,716,893$4,349,708$22,102,294
96$68,623,995$9,038,520$4,389,923$23,927,699
97$75,514,819$9,372,585$4,428,162$25,926,539
98$83,105,079$9,719,590$4,464,254$28,116,108
99$91,466,010$10,080,063$4,498,020$30,515,454
100$100,676,109$10,454,552$4,529,269$33,145,549