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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$207,273$205,427$203,626$201,868$200,151$192,514
2 years$102,611$100,700$98,848$97,052$95,310$87,706
3 years$67,728$65,808$63,961$62,182$60,469$53,136
4 years$50,289$48,376$46,547$44,799$43,127$36,122
5 years$39,829$37,927$36,122$34,410$32,784$26,126
6 years$32,858$30,971$29,192$27,518$25,941$19,633
7 years$27,881$26,009$24,259$22,624$21,097$15,137
8 years$24,149$22,295$20,574$18,979$17,502$11,885
9 years$21,249$19,411$17,720$16,166$14,739$9,457
10 years$18,930$17,110$15,449$13,935$12,559$7,601
11 years$17,033$15,232$13,601$12,127$10,801$6,158
12 years$15,454$13,672$12,070$10,637$9,360$5,018
13 years$14,119$12,355$10,784$9,391$8,162$4,110
14 years$12,976$11,230$9,690$8,337$7,155$3,379
15 years$11,986$10,259$8,748$7,435$6,300$2,787
16 years$11,120$9,413$7,932$6,657$5,568$2,304
17 years$10,357$8,669$7,217$5,981$4,937$1,909
18 years$9,680$8,010$6,589$5,390$4,389$1,584
19 years$9,075$7,424$6,032$4,871$3,912$1,317
20 years$8,531$6,899$5,535$4,411$3,495$1,096
21 years$8,039$6,426$5,092$4,003$3,127$912
22 years$7,593$5,998$4,693$3,640$2,803$761
23 years$7,186$5,610$4,333$3,315$2,516$634
24 years$6,813$5,256$4,007$3,024$2,262$529
25 years$6,471$4,933$3,711$2,761$2,035$442
26 years$6,156$4,636$3,442$2,525$1,833$369
27 years$5,864$4,363$3,196$2,311$1,653$308
28 years$5,594$4,111$2,971$2,117$1,491$258
29 years$5,343$3,878$2,765$1,942$1,347$215
30 years$5,109$3,663$2,576$1,782$1,217$180
31 years$4,891$3,463$2,401$1,637$1,100$151
32 years$4,687$3,276$2,240$1,504$995$126
33 years$4,495$3,103$2,092$1,383$901$105
34 years$4,315$2,941$1,954$1,273$815$88
35 years$4,146$2,789$1,827$1,171$738$74
36 years$3,986$2,647$1,709$1,079$669$62
37 years$3,836$2,514$1,600$994$606$52
38 years$3,694$2,390$1,498$916$550$43
39 years$3,559$2,272$1,404$845$499$36
40 years$3,432$2,162$1,316$779$452$30
41 years$3,311$2,058$1,234$719$410$25
42 years$3,196$1,960$1,157$664$372$21
43 years$3,086$1,867$1,086$612$338$18
44 years$2,982$1,780$1,019$566$307$15
45 years$2,883$1,697$957$522$278$12
46 years$2,789$1,619$899$482$253$10
47 years$2,698$1,545$845$446$230$9
48 years$2,612$1,475$794$412$208$7
49 years$2,530$1,409$746$381$189$6
50 years$2,451$1,346$701$352$172$5

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 $3,509 every year, while hoping to spend $35,526 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: 67/12/21 Blend
60$2,510,000$2,510,000$2,510,000$2,510,000
61$2,769,640$2,636,610$2,597,705$2,940,331
62$3,014,343$2,728,004$2,646,928$3,146,559
63$3,282,816$2,822,686$2,696,610$3,367,581
64$3,577,445$2,920,780$2,746,728$3,608,443
65$3,900,860$3,022,413$2,797,259$3,871,096
66$4,255,955$3,127,719$2,848,175$4,157,690
67$4,645,923$3,236,837$2,899,449$4,470,592
68$5,074,277$3,349,912$2,951,050$4,812,409
69$5,544,889$3,467,093$3,002,946$5,186,011
70$6,062,023$3,588,537$3,055,101$5,594,560
71$6,630,380$3,714,405$3,107,477$6,041,536
72$7,255,135$3,844,867$3,160,033$6,530,774
73$7,941,991$3,980,098$3,212,727$7,066,499
74$8,697,232$4,120,281$3,265,511$7,653,362
75$9,527,780$4,265,605$3,318,336$8,296,487
76$10,441,262$4,416,268$3,371,148$9,001,519
77$11,446,080$4,572,475$3,423,892$9,774,677
78$12,551,495$4,734,440$3,476,507$10,622,810
79$13,767,706$4,902,387$3,528,928$11,553,465
80$15,105,953$5,076,545$3,581,088$12,574,954
81$16,578,620$5,257,156$3,632,915$13,696,436
82$18,199,353$5,444,470$3,684,332$14,928,001
83$19,983,187$5,638,749$3,735,257$16,280,765
84$21,946,689$5,840,264$3,785,604$17,766,976
85$24,108,111$6,049,297$3,835,282$19,400,127
86$26,487,569$6,266,143$3,884,195$21,195,086
87$29,107,225$6,491,109$3,932,239$23,168,232
88$31,991,501$6,724,512$3,979,308$25,337,615
89$35,167,306$6,966,685$4,025,287$27,723,119
90$38,664,293$7,217,973$4,070,055$30,346,656
91$42,515,134$7,478,737$4,113,485$33,232,368
92$46,755,834$7,749,352$4,155,444$36,406,856
93$51,426,067$8,030,208$4,195,789$39,899,431
94$56,569,549$8,321,712$4,234,371$43,742,391
95$62,234,455$8,624,287$4,271,034$47,971,323
96$68,473,867$8,938,375$4,305,611$52,625,442
97$75,346,281$9,264,435$4,337,929$57,747,957
98$82,916,156$9,602,947$4,367,804$63,386,481
99$91,254,522$9,954,409$4,395,043$69,593,479
100$100,439,650$10,319,342$4,419,444$76,426,765