Can I retire at age 61 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$207,273$205,427$203,626$201,868$200,151$194,838
2 years$102,611$100,700$98,848$97,052$95,310$89,995
3 years$67,728$65,808$63,961$62,182$60,469$55,317
4 years$50,289$48,376$46,547$44,799$43,127$38,178
5 years$39,829$37,927$36,122$34,410$32,784$28,053
6 years$32,858$30,971$29,192$27,518$25,941$21,431
7 years$27,881$26,009$24,259$22,624$21,097$16,809
8 years$24,149$22,295$20,574$18,979$17,502$13,433
9 years$21,249$19,411$17,720$16,166$14,739$10,886
10 years$18,930$17,110$15,449$13,935$12,559$8,917
11 years$17,033$15,232$13,601$12,127$10,801$7,365
12 years$15,454$13,672$12,070$10,637$9,360$6,123
13 years$14,119$12,355$10,784$9,391$8,162$5,118
14 years$12,976$11,230$9,690$8,337$7,155$4,296
15 years$11,986$10,259$8,748$7,435$6,300$3,619
16 years$11,120$9,413$7,932$6,657$5,568$3,058
17 years$10,357$8,669$7,217$5,981$4,937$2,590
18 years$9,680$8,010$6,589$5,390$4,389$2,198
19 years$9,075$7,424$6,032$4,871$3,912$1,869
20 years$8,531$6,899$5,535$4,411$3,495$1,591
21 years$8,039$6,426$5,092$4,003$3,127$1,356
22 years$7,593$5,998$4,693$3,640$2,803$1,157
23 years$7,186$5,610$4,333$3,315$2,516$988
24 years$6,813$5,256$4,007$3,024$2,262$844
25 years$6,471$4,933$3,711$2,761$2,035$722
26 years$6,156$4,636$3,442$2,525$1,833$618
27 years$5,864$4,363$3,196$2,311$1,653$529
28 years$5,594$4,111$2,971$2,117$1,491$453
29 years$5,343$3,878$2,765$1,942$1,347$388
30 years$5,109$3,663$2,576$1,782$1,217$333
31 years$4,891$3,463$2,401$1,637$1,100$285
32 years$4,687$3,276$2,240$1,504$995$244
33 years$4,495$3,103$2,092$1,383$901$210
34 years$4,315$2,941$1,954$1,273$815$180
35 years$4,146$2,789$1,827$1,171$738$154
36 years$3,986$2,647$1,709$1,079$669$132
37 years$3,836$2,514$1,600$994$606$113
38 years$3,694$2,390$1,498$916$550$97
39 years$3,559$2,272$1,404$845$499$83
40 years$3,432$2,162$1,316$779$452$72
41 years$3,311$2,058$1,234$719$410$61
42 years$3,196$1,960$1,157$664$372$53
43 years$3,086$1,867$1,086$612$338$45
44 years$2,982$1,780$1,019$566$307$39
45 years$2,883$1,697$957$522$278$33
46 years$2,789$1,619$899$482$253$29
47 years$2,698$1,545$845$446$230$25
48 years$2,612$1,475$794$412$208$21
49 years$2,530$1,409$746$381$189$18
50 years$2,451$1,346$701$352$172$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,510,000, adding $2,356 every year, while hoping to spend $29,789 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: 41/50/9 Blend
60$2,510,000$2,510,000$2,510,000$2,510,000
61$2,768,450$2,635,420$2,596,515$2,874,465
62$3,019,137$2,732,861$2,651,803$3,046,347
63$3,294,395$2,834,077$2,707,945$3,229,093
64$3,596,700$2,939,223$2,764,938$3,426,202
65$3,928,778$3,048,459$2,822,777$3,638,990
66$4,293,631$3,161,952$2,881,459$3,868,899
67$4,694,570$3,279,876$2,940,976$4,117,517
68$5,135,238$3,402,412$3,001,321$4,386,584
69$5,619,652$3,529,750$3,062,485$4,678,013
70$6,152,236$3,662,087$3,124,457$4,993,906
71$6,737,864$3,799,629$3,187,226$5,336,572
72$7,381,906$3,942,591$3,250,778$5,708,549
73$8,090,278$4,091,196$3,315,097$6,112,627
74$8,869,501$4,245,679$3,380,167$6,551,871
75$9,726,755$4,406,283$3,445,968$7,029,654
76$10,669,956$4,573,262$3,512,480$7,549,681
77$11,707,821$4,746,882$3,579,678$8,116,030
78$12,849,959$4,927,419$3,647,537$8,733,185
79$14,106,956$5,115,163$3,716,030$9,406,078
80$15,490,474$5,310,415$3,785,126$10,140,133
81$17,013,366$5,513,489$3,854,791$10,941,319
82$18,689,794$5,724,714$3,924,991$11,816,205
83$20,535,361$5,944,433$3,995,686$12,772,016
84$22,567,260$6,173,003$4,066,834$13,816,704
85$24,804,438$6,410,798$4,138,391$14,959,022
86$27,267,771$6,658,207$4,210,307$16,208,602
87$29,980,262$6,915,637$4,282,531$17,576,045
88$32,967,259$7,183,514$4,355,006$19,073,023
89$36,256,694$7,462,281$4,427,673$20,712,383
90$39,879,344$7,752,400$4,500,468$22,508,267
91$43,869,126$8,054,356$4,573,322$24,476,248
92$48,263,411$8,368,654$4,646,162$26,633,468
93$53,103,381$8,695,820$4,718,911$28,998,805
94$58,434,417$9,036,407$4,791,486$31,593,043
95$64,306,526$9,390,989$4,863,799$34,439,070
96$70,774,811$9,760,167$4,935,755$37,562,090
97$77,899,995$10,144,568$5,007,257$40,989,859
98$85,748,992$10,544,850$5,078,197$44,752,944
99$94,395,538$10,961,696$5,148,465$48,885,009
100$103,920,886$11,395,822$5,217,942$53,423,131