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%17.3%
1 years$206,448$204,609$202,815$201,063$199,354$193,437
2 years$102,202$100,298$98,454$96,665$94,930$89,018
3 years$67,458$65,546$63,706$61,934$60,228$54,506
4 years$50,089$48,183$46,362$44,620$42,955$37,467
5 years$39,671$37,776$35,979$34,273$32,654$27,414
6 years$32,727$30,847$29,076$27,408$25,838$20,852
7 years$27,770$25,905$24,162$22,534$21,013$16,280
8 years$24,053$22,206$20,492$18,903$17,432$12,950
9 years$21,164$19,334$17,649$16,101$14,680$10,444
10 years$18,854$17,042$15,387$13,879$12,509$8,512
11 years$16,965$15,172$13,547$12,079$10,758$6,994
12 years$15,393$13,617$12,022$10,595$9,322$5,784
13 years$14,063$12,306$10,741$9,354$8,129$4,809
14 years$12,924$11,186$9,651$8,303$7,126$4,014
15 years$11,938$10,218$8,713$7,405$6,274$3,363
16 years$11,076$9,375$7,900$6,630$5,545$2,825
17 years$10,316$8,634$7,189$5,957$4,917$2,379
18 years$9,642$7,978$6,562$5,369$4,372$2,007
19 years$9,039$7,394$6,008$4,851$3,897$1,696
20 years$8,497$6,871$5,513$4,394$3,481$1,435
21 years$8,007$6,400$5,071$3,988$3,115$1,216
22 years$7,562$5,974$4,674$3,626$2,792$1,031
23 years$7,157$5,588$4,316$3,302$2,506$875
24 years$6,786$5,235$3,991$3,012$2,253$743
25 years$6,445$4,913$3,697$2,750$2,027$631
26 years$6,131$4,617$3,428$2,515$1,826$537
27 years$5,841$4,346$3,184$2,302$1,646$456
28 years$5,572$4,095$2,960$2,109$1,485$388
29 years$5,322$3,863$2,754$1,934$1,341$331
30 years$5,089$3,648$2,565$1,775$1,212$281
31 years$4,871$3,449$2,392$1,630$1,096$240
32 years$4,668$3,263$2,231$1,498$991$204
33 years$4,477$3,090$2,084$1,378$897$174
34 years$4,298$2,929$1,947$1,268$812$148
35 years$4,129$2,778$1,820$1,167$736$126
36 years$3,971$2,637$1,703$1,075$666$107
37 years$3,821$2,504$1,594$990$604$92
38 years$3,679$2,380$1,492$913$548$78
39 years$3,545$2,263$1,398$841$497$67
40 years$3,418$2,153$1,310$776$450$57
41 years$3,297$2,050$1,229$716$409$48
42 years$3,183$1,952$1,153$661$371$41
43 years$3,074$1,860$1,082$610$337$35
44 years$2,970$1,773$1,015$563$305$30
45 years$2,872$1,691$953$520$277$25
46 years$2,777$1,613$895$481$252$22
47 years$2,688$1,539$841$444$229$19
48 years$2,602$1,469$791$410$208$16
49 years$2,519$1,403$743$379$189$13
50 years$2,441$1,340$699$350$171$11

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 $4,890 every year, while hoping to spend $50,244 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: 70/5/25 Blend
60$2,500,000$2,500,000$2,500,000$2,500,000
61$2,760,044$2,627,544$2,588,794$2,935,378
62$2,988,109$2,702,834$2,622,059$3,128,661
63$3,237,753$2,780,130$2,654,755$3,333,877
64$3,511,124$2,859,476$2,686,809$3,557,342
65$3,810,587$2,940,919$2,718,145$3,800,863
66$4,138,746$3,024,504$2,748,683$4,066,431
67$4,498,472$3,110,278$2,778,338$4,356,241
68$4,892,923$3,198,289$2,807,019$4,672,709
69$5,325,580$3,288,583$2,834,633$5,018,498
70$5,800,276$3,381,210$2,861,080$5,396,542
71$6,321,232$3,476,218$2,886,254$5,810,073
72$6,893,100$3,573,655$2,910,046$6,262,652
73$7,521,002$3,673,570$2,932,338$6,758,205
74$8,210,581$3,776,012$2,953,008$7,301,055
75$8,968,055$3,881,030$2,971,928$7,895,968
76$9,800,270$3,988,675$2,988,962$8,548,193
77$10,714,772$4,098,994$3,003,966$9,263,516
78$11,719,871$4,212,037$3,016,792$10,048,313
79$12,824,725$4,327,854$3,027,281$10,909,610
80$14,039,420$4,446,493$3,035,269$11,855,147
81$15,375,072$4,568,002$3,040,581$12,893,456
82$16,843,925$4,692,429$3,043,036$14,033,939
83$18,459,469$4,819,822$3,042,441$15,286,956
84$20,236,569$4,950,227$3,038,597$16,663,923
85$22,191,601$5,083,691$3,031,293$18,177,422
86$24,342,611$5,220,258$3,020,307$19,841,317
87$26,709,478$5,359,971$3,005,408$21,670,889
88$29,314,109$5,502,874$2,986,354$23,682,974
89$32,180,641$5,649,008$2,962,890$25,896,129
90$35,335,669$5,798,412$2,934,749$28,330,803
91$38,808,497$5,951,124$2,901,652$31,009,530
92$42,631,413$6,107,179$2,863,308$33,957,146
93$46,839,998$6,266,610$2,819,409$37,201,019
94$51,473,453$6,429,450$2,769,635$40,771,310
95$56,574,978$6,595,726$2,713,650$44,701,256
96$62,192,172$6,765,463$2,651,104$49,027,487
97$68,377,487$6,938,684$2,581,629$53,790,371
98$75,188,717$7,115,406$2,504,840$59,034,393
99$82,689,550$7,295,644$2,420,336$64,808,578
100$90,950,163$7,479,409$2,327,696$71,166,953