Can I retire at age 61 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$210,577$208,701$206,871$205,085$203,341$199,480
2 years$104,246$102,304$100,423$98,598$96,829$92,954
3 years$68,807$66,857$64,980$63,173$61,432$57,665
4 years$51,091$49,147$47,289$45,513$43,814$40,182
5 years$40,464$38,532$36,698$34,958$33,307$29,821
6 years$33,382$31,464$29,658$27,956$26,354$23,019
7 years$28,325$26,424$24,646$22,984$21,433$18,249
8 years$24,534$22,650$20,901$19,281$17,781$14,747
9 years$21,587$19,721$18,002$16,423$14,974$12,088
10 years$19,231$17,383$15,695$14,157$12,759$10,019
11 years$17,305$15,475$13,818$12,321$10,973$8,375
12 years$15,701$13,889$12,263$10,807$9,509$7,050
13 years$14,344$12,552$10,956$9,541$8,292$5,968
14 years$13,183$11,409$9,844$8,469$7,269$5,075
15 years$12,177$10,423$8,888$7,553$6,400$4,332
16 years$11,297$9,563$8,058$6,763$5,656$3,710
17 years$10,522$8,807$7,332$6,077$5,015$3,186
18 years$9,834$8,138$6,694$5,476$4,459$2,742
19 years$9,219$7,542$6,128$4,948$3,975$2,364
20 years$8,667$7,009$5,624$4,482$3,550$2,042
21 years$8,167$6,528$5,173$4,067$3,177$1,766
22 years$7,714$6,094$4,767$3,698$2,848$1,529
23 years$7,300$5,699$4,402$3,368$2,556$1,325
24 years$6,922$5,340$4,071$3,072$2,298$1,150
25 years$6,574$5,011$3,771$2,805$2,068$998
26 years$6,254$4,710$3,497$2,565$1,862$867
27 years$5,958$4,433$3,247$2,348$1,679$754
28 years$5,683$4,177$3,019$2,151$1,515$656
29 years$5,428$3,940$2,809$1,973$1,368$571
30 years$5,191$3,721$2,617$1,810$1,236$497
31 years$4,969$3,518$2,439$1,663$1,118$432
32 years$4,761$3,328$2,276$1,528$1,011$377
33 years$4,567$3,152$2,125$1,405$915$328
34 years$4,384$2,988$1,986$1,293$828$286
35 years$4,212$2,834$1,856$1,190$750$249
36 years$4,050$2,690$1,737$1,096$680$217
37 years$3,897$2,554$1,625$1,010$616$189
38 years$3,753$2,428$1,522$931$559$165
39 years$3,616$2,308$1,426$858$507$144
40 years$3,486$2,196$1,337$792$459$126
41 years$3,363$2,091$1,253$730$417$109
42 years$3,247$1,991$1,176$674$378$95
43 years$3,135$1,897$1,103$622$343$83
44 years$3,030$1,808$1,036$575$312$73
45 years$2,929$1,724$972$531$283$63
46 years$2,833$1,645$913$490$257$55
47 years$2,741$1,570$858$453$233$48
48 years$2,654$1,499$806$418$212$42
49 years$2,570$1,431$758$387$192$37
50 years$2,490$1,367$713$357$175$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,550,000, adding $6,962 every year, while hoping to spend $50,209 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: 76/11/13 Blend
60$2,550,000$2,550,000$2,550,000$2,550,000
61$2,817,281$2,682,131$2,642,606$3,023,441
62$3,051,222$2,760,134$2,677,712$3,238,377
63$3,307,342$2,840,276$2,712,310$3,466,926
64$3,587,850$2,922,608$2,746,332$3,716,080
65$3,895,180$3,007,185$2,779,703$3,987,874
66$4,232,010$3,094,059$2,812,345$4,284,547
67$4,601,292$3,183,285$2,844,176$4,608,567
68$5,006,276$3,274,918$2,875,108$4,962,650
69$5,450,541$3,369,014$2,905,049$5,349,788
70$5,938,031$3,465,630$2,933,902$5,773,277
71$6,473,087$3,564,823$2,961,565$6,236,749
72$7,060,495$3,666,653$2,987,930$6,744,201
73$7,705,524$3,771,177$3,012,884$7,300,040
74$8,413,978$3,878,456$3,036,307$7,909,117
75$9,192,254$3,988,550$3,058,073$8,576,779
76$10,047,395$4,101,520$3,078,050$9,308,917
77$10,987,163$4,217,428$3,096,098$10,112,017
78$12,020,107$4,336,336$3,112,071$10,993,229
79$13,155,648$4,458,306$3,125,816$11,960,430
80$14,404,163$4,583,402$3,137,169$13,022,295
81$15,777,086$4,711,687$3,145,962$14,188,386
82$17,287,013$4,843,224$3,152,017$15,469,236
83$18,947,823$4,978,077$3,155,145$16,876,452
84$20,774,809$5,116,311$3,155,150$18,422,823
85$22,784,818$5,257,988$3,151,826$20,122,437
86$24,996,414$5,403,174$3,144,956$21,990,823
87$27,430,050$5,551,931$3,134,314$24,045,086
88$30,108,263$5,704,324$3,119,661$26,304,078
89$33,055,885$5,860,415$3,100,749$28,788,569
90$36,300,276$6,020,266$3,077,315$31,521,448
91$39,871,585$6,183,940$3,049,086$34,527,935
92$43,803,031$6,351,498$3,015,775$37,835,819
93$48,131,218$6,522,999$2,977,081$41,475,725
94$52,896,479$6,698,502$2,932,690$45,481,397
95$58,143,256$6,878,065$2,882,271$49,890,020
96$63,920,522$7,061,744$2,825,481$54,742,569
97$70,282,238$7,249,592$2,761,957$60,084,196
98$77,287,867$7,441,663$2,691,323$65,964,658
99$85,002,930$7,638,005$2,613,184$72,438,784
100$93,499,628$7,838,667$2,527,125$79,566,994