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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$208,925$207,064$205,248$203,476$201,746$196,949
2 years$103,428$101,502$99,635$97,825$96,069$91,264
3 years$68,267$66,333$64,471$62,677$60,950$56,288
4 years$50,690$48,762$46,918$45,156$43,470$38,986
5 years$40,147$38,230$36,410$34,684$33,045$28,752
6 years$33,120$31,217$29,425$27,737$26,148$22,049
7 years$28,103$26,216$24,452$22,804$21,265$17,362
8 years$24,342$22,472$20,737$19,130$17,641$13,933
9 years$21,418$19,566$17,861$16,294$14,857$11,339
10 years$19,080$17,247$15,572$14,046$12,659$9,328
11 years$17,169$15,354$13,709$12,224$10,887$7,739
12 years$15,577$13,781$12,167$10,722$9,434$6,464
13 years$14,232$12,454$10,870$9,466$8,227$5,428
14 years$13,079$11,320$9,767$8,403$7,212$4,578
15 years$12,081$10,341$8,818$7,494$6,350$3,876
16 years$11,209$9,488$7,995$6,710$5,612$3,291
17 years$10,440$8,738$7,275$6,029$4,976$2,802
18 years$9,757$8,074$6,641$5,433$4,424$2,390
19 years$9,147$7,483$6,080$4,909$3,943$2,042
20 years$8,599$6,954$5,580$4,446$3,522$1,748
21 years$8,103$6,477$5,132$4,035$3,152$1,498
22 years$7,653$6,046$4,730$3,669$2,825$1,285
23 years$7,243$5,655$4,367$3,342$2,536$1,104
24 years$6,868$5,298$4,039$3,048$2,280$949
25 years$6,523$4,972$3,741$2,783$2,051$816
26 years$6,205$4,673$3,470$2,545$1,848$702
27 years$5,911$4,398$3,222$2,329$1,666$604
28 years$5,639$4,144$2,995$2,134$1,503$520
29 years$5,386$3,909$2,787$1,957$1,357$448
30 years$5,150$3,692$2,596$1,796$1,226$386
31 years$4,930$3,490$2,420$1,650$1,109$333
32 years$4,724$3,302$2,258$1,516$1,003$287
33 years$4,531$3,127$2,109$1,394$908$248
34 years$4,350$2,964$1,970$1,283$822$214
35 years$4,179$2,811$1,842$1,181$744$184
36 years$4,018$2,668$1,723$1,088$674$159
37 years$3,867$2,534$1,613$1,002$611$137
38 years$3,723$2,409$1,510$924$554$119
39 years$3,587$2,290$1,415$852$503$102
40 years$3,459$2,179$1,326$785$456$88
41 years$3,337$2,074$1,244$725$414$76
42 years$3,221$1,975$1,167$669$375$66
43 years$3,111$1,882$1,095$617$341$57
44 years$3,006$1,794$1,027$570$309$49
45 years$2,906$1,711$965$526$281$42
46 years$2,811$1,632$906$486$255$37
47 years$2,720$1,558$851$449$231$32
48 years$2,633$1,487$800$415$210$27
49 years$2,550$1,420$752$384$191$24
50 years$2,470$1,356$707$355$173$20

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 $2,210 every year, while hoping to spend $22,504 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: 69/12/19 Blend
60$2,530,000$2,530,000$2,530,000$2,530,000
61$2,790,340$2,656,250$2,617,035$2,969,793
62$3,051,010$2,762,462$2,680,761$3,196,052
63$3,337,515$2,873,124$2,745,868$3,440,682
64$3,652,465$2,988,431$2,812,379$3,707,803
65$3,998,738$3,108,585$2,880,315$3,999,633
66$4,379,502$3,233,799$2,949,698$4,318,614
67$4,798,251$3,364,295$3,020,553$4,667,433
68$5,258,832$3,500,304$3,092,900$5,049,049
69$5,765,483$3,642,069$3,166,763$5,466,721
70$6,322,875$3,789,844$3,242,162$5,924,036
71$6,936,155$3,943,893$3,319,121$6,424,945
72$7,610,992$4,104,493$3,397,661$6,973,799
73$8,353,634$4,271,934$3,477,804$7,575,389
74$9,170,965$4,446,519$3,559,570$8,234,992
75$10,070,569$4,628,564$3,642,982$8,958,418
76$11,060,804$4,818,401$3,728,059$9,752,069
77$12,150,879$5,016,375$3,814,821$10,622,994
78$13,350,940$5,222,849$3,903,289$11,578,959
79$14,672,169$5,438,201$3,993,482$12,628,517
80$16,126,885$5,662,828$4,085,419$13,781,088
81$17,728,664$5,897,144$4,179,117$15,047,053
82$19,492,465$6,141,581$4,274,595$16,437,842
83$21,434,771$6,396,593$4,371,869$17,966,051
84$23,573,746$6,662,654$4,470,954$19,645,553
85$25,929,404$6,940,260$4,571,867$21,491,632
86$28,523,799$7,229,929$4,674,621$23,521,127
87$31,381,236$7,532,205$4,779,230$25,752,587
88$34,528,493$7,847,654$4,885,705$28,206,451
89$37,995,081$8,176,871$4,994,058$30,905,233
90$41,813,519$8,520,477$5,104,299$33,873,741
91$46,019,640$8,879,122$5,216,435$37,139,306
92$50,652,931$9,253,487$5,330,473$40,732,039
93$55,756,905$9,644,283$5,446,419$44,685,119
94$61,379,513$10,052,256$5,564,277$49,035,098
95$67,573,591$10,478,185$5,684,048$53,822,254
96$74,397,366$10,922,885$5,805,733$59,090,964
97$81,915,002$11,387,210$5,929,329$64,890,121
98$90,197,203$11,872,054$6,054,833$71,273,603
99$99,321,885$12,378,352$6,182,237$78,300,769
100$109,374,908$12,907,083$6,311,533$86,037,029