Can I retire at age 61 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$208,925$207,064$205,248$203,476$201,746$197,753
2 years$103,428$101,502$99,635$97,825$96,069$92,064
3 years$68,267$66,333$64,471$62,677$60,950$57,057
4 years$50,690$48,762$46,918$45,156$43,470$39,719
5 years$40,147$38,230$36,410$34,684$33,045$29,446
6 years$33,120$31,217$29,425$27,737$26,148$22,705
7 years$28,103$26,216$24,452$22,804$21,265$17,980
8 years$24,342$22,472$20,737$19,130$17,641$14,512
9 years$21,418$19,566$17,861$16,294$14,857$11,882
10 years$19,080$17,247$15,572$14,046$12,659$9,835
11 years$17,169$15,354$13,709$12,224$10,887$8,212
12 years$15,577$13,781$12,167$10,722$9,434$6,903
13 years$14,232$12,454$10,870$9,466$8,227$5,836
14 years$13,079$11,320$9,767$8,403$7,212$4,956
15 years$12,081$10,341$8,818$7,494$6,350$4,225
16 years$11,209$9,488$7,995$6,710$5,612$3,613
17 years$10,440$8,738$7,275$6,029$4,976$3,098
18 years$9,757$8,074$6,641$5,433$4,424$2,662
19 years$9,147$7,483$6,080$4,909$3,943$2,292
20 years$8,599$6,954$5,580$4,446$3,522$1,977
21 years$8,103$6,477$5,132$4,035$3,152$1,707
22 years$7,653$6,046$4,730$3,669$2,825$1,476
23 years$7,243$5,655$4,367$3,342$2,536$1,277
24 years$6,868$5,298$4,039$3,048$2,280$1,106
25 years$6,523$4,972$3,741$2,783$2,051$959
26 years$6,205$4,673$3,470$2,545$1,848$832
27 years$5,911$4,398$3,222$2,329$1,666$722
28 years$5,639$4,144$2,995$2,134$1,503$627
29 years$5,386$3,909$2,787$1,957$1,357$545
30 years$5,150$3,692$2,596$1,796$1,226$473
31 years$4,930$3,490$2,420$1,650$1,109$411
32 years$4,724$3,302$2,258$1,516$1,003$358
33 years$4,531$3,127$2,109$1,394$908$311
34 years$4,350$2,964$1,970$1,283$822$271
35 years$4,179$2,811$1,842$1,181$744$235
36 years$4,018$2,668$1,723$1,088$674$205
37 years$3,867$2,534$1,613$1,002$611$178
38 years$3,723$2,409$1,510$924$554$155
39 years$3,587$2,290$1,415$852$503$135
40 years$3,459$2,179$1,326$785$456$118
41 years$3,337$2,074$1,244$725$414$102
42 years$3,221$1,975$1,167$669$375$89
43 years$3,111$1,882$1,095$617$341$78
44 years$3,006$1,794$1,027$570$309$68
45 years$2,906$1,711$965$526$281$59
46 years$2,811$1,632$906$486$255$51
47 years$2,720$1,558$851$449$231$45
48 years$2,633$1,487$800$415$210$39
49 years$2,550$1,420$752$384$191$34
50 years$2,470$1,356$707$355$173$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,530,000, adding $6,294 every year, while hoping to spend $41,233 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: 55/37/8 Blend
60$2,530,000$2,530,000$2,530,000$2,530,000
61$2,794,552$2,660,462$2,621,247$2,942,609
62$3,035,725$2,746,953$2,665,187$3,129,860
63$3,300,115$2,836,300$2,709,218$3,328,532
64$3,590,048$2,928,600$2,753,297$3,543,838
65$3,908,084$3,023,952$2,797,383$3,777,367
66$4,257,042$3,122,460$2,841,430$4,030,863
67$4,640,030$3,224,230$2,885,387$4,306,246
68$5,060,468$3,329,372$2,929,203$4,605,630
69$5,522,127$3,438,003$2,972,822$4,931,339
70$6,029,158$3,550,239$3,016,186$5,285,930
71$6,586,135$3,666,203$3,059,231$5,672,218
72$7,198,097$3,786,023$3,101,891$6,093,301
73$7,870,594$3,909,830$3,144,096$6,552,589
74$8,609,743$4,037,759$3,185,771$7,053,836
75$9,422,279$4,169,952$3,226,837$7,601,171
76$10,315,626$4,306,554$3,267,210$8,199,145
77$11,297,961$4,447,717$3,306,803$8,852,766
78$12,378,293$4,593,595$3,345,521$9,567,545
79$13,566,550$4,744,352$3,383,267$10,349,556
80$14,873,667$4,900,155$3,419,936$11,205,484
81$16,311,695$5,061,176$3,455,418$12,142,689
82$17,893,911$5,227,597$3,489,597$13,169,281
83$19,634,943$5,399,602$3,522,352$14,294,187
84$21,550,910$5,577,385$3,553,553$15,527,241
85$23,659,572$5,761,146$3,583,066$16,879,274
86$25,980,496$5,951,090$3,610,747$18,362,215
87$28,535,246$6,147,433$3,636,446$19,989,204
88$31,347,580$6,350,396$3,660,006$21,774,714
89$34,443,676$6,560,208$3,681,259$23,734,687
90$37,852,381$6,777,109$3,700,032$25,886,687
91$41,605,481$7,001,345$3,716,140$28,250,059
92$45,738,001$7,233,171$3,729,391$30,846,114
93$50,288,533$7,472,852$3,739,582$33,698,331
94$55,299,605$7,720,663$3,746,499$36,832,575
95$60,818,078$7,976,889$3,749,920$40,277,340
96$66,895,590$8,241,825$3,749,610$44,064,020
97$73,589,041$8,515,775$3,745,323$48,227,199
98$80,961,132$8,799,057$3,736,800$52,804,984
99$89,080,955$9,091,999$3,723,771$57,839,356
100$98,024,647$9,394,941$3,705,952$63,376,570