Can I retire at age 61 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$211,402$209,519$207,682$205,889$204,138$200,509
2 years$104,655$102,706$100,817$98,985$97,209$93,564
3 years$69,077$67,119$65,235$63,421$61,673$58,128
4 years$51,291$49,340$47,474$45,691$43,986$40,566
5 years$40,623$38,683$36,842$35,095$33,437$30,154
6 years$33,513$31,588$29,774$28,066$26,458$23,314
7 years$28,436$26,527$24,742$23,074$21,517$18,514
8 years$24,630$22,739$20,983$19,357$17,851$14,987
9 years$21,672$19,798$18,073$16,488$15,033$12,307
10 years$19,307$17,451$15,756$14,212$12,809$10,219
11 years$17,373$15,536$13,872$12,369$11,016$8,559
12 years$15,762$13,944$12,311$10,849$9,546$7,218
13 years$14,400$12,601$10,999$9,578$8,324$6,122
14 years$13,234$11,454$9,883$8,503$7,297$5,217
15 years$12,224$10,464$8,923$7,583$6,425$4,463
16 years$11,342$9,600$8,090$6,790$5,678$3,830
17 years$10,564$8,841$7,361$6,100$5,035$3,296
18 years$9,873$8,170$6,720$5,498$4,477$2,842
19 years$9,256$7,572$6,152$4,968$3,990$2,456
20 years$8,701$7,036$5,646$4,499$3,564$2,126
21 years$8,199$6,554$5,193$4,083$3,190$1,843
22 years$7,744$6,118$4,786$3,713$2,859$1,600
23 years$7,329$5,722$4,419$3,381$2,566$1,390
24 years$6,949$5,361$4,087$3,084$2,307$1,209
25 years$6,600$5,031$3,785$2,816$2,076$1,052
26 years$6,278$4,728$3,511$2,575$1,870$916
27 years$5,981$4,450$3,260$2,357$1,686$798
28 years$5,706$4,193$3,031$2,160$1,521$696
29 years$5,450$3,956$2,820$1,980$1,373$607
30 years$5,211$3,736$2,627$1,817$1,241$530
31 years$4,988$3,532$2,449$1,669$1,122$462
32 years$4,780$3,342$2,285$1,534$1,015$404
33 years$4,585$3,164$2,134$1,411$918$353
34 years$4,401$2,999$1,993$1,298$832$308
35 years$4,229$2,845$1,864$1,195$753$269
36 years$4,066$2,700$1,743$1,100$682$235
37 years$3,912$2,564$1,632$1,014$619$206
38 years$3,767$2,437$1,528$935$561$180
39 years$3,630$2,317$1,432$862$509$157
40 years$3,500$2,205$1,342$795$461$137
41 years$3,376$2,099$1,258$733$418$120
42 years$3,259$1,999$1,180$677$380$105
43 years$3,148$1,905$1,108$625$345$92
44 years$3,042$1,815$1,040$577$313$80
45 years$2,941$1,731$976$533$284$70
46 years$2,844$1,651$917$492$258$61
47 years$2,752$1,576$861$455$234$54
48 years$2,664$1,504$809$420$213$47
49 years$2,580$1,437$761$388$193$41
50 years$2,499$1,372$715$359$175$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,560,000, adding $6,308 every year, while hoping to spend $49,356 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: 47/26/27 Blend
60$2,560,000$2,560,000$2,560,000$2,560,000
61$2,827,627$2,691,947$2,652,267$2,938,391
62$3,063,530$2,771,338$2,688,603$3,096,482
63$3,321,842$2,852,965$2,724,503$3,262,668
64$3,604,795$2,936,885$2,759,899$3,442,105
65$3,914,849$3,023,157$2,794,720$3,636,064
66$4,254,713$3,111,842$2,828,893$3,845,943
67$4,627,370$3,202,999$2,862,338$4,073,283
68$5,036,107$3,296,691$2,894,971$4,319,779
69$5,484,543$3,392,981$2,926,705$4,587,298
70$5,976,664$3,491,935$2,957,447$4,877,897
71$6,516,861$3,593,617$2,987,099$5,193,841
72$7,109,971$3,698,094$3,015,557$5,537,626
73$7,761,323$3,805,436$3,042,713$5,911,998
74$8,476,786$3,915,710$3,068,452$6,319,986
75$9,262,826$4,028,988$3,092,654$6,764,923
76$10,126,566$4,145,341$3,115,190$7,250,484
77$11,075,855$4,264,841$3,135,927$7,780,716
78$12,119,336$4,387,563$3,154,725$8,360,078
79$13,266,536$4,513,581$3,171,436$8,993,481
80$14,527,948$4,642,972$3,185,904$9,686,339
81$15,915,133$4,775,811$3,197,966$10,444,616
82$17,440,828$4,912,178$3,207,450$11,274,882
83$19,119,069$5,052,151$3,214,176$12,184,377
84$20,965,317$5,195,810$3,217,954$13,181,080
85$22,996,610$5,343,235$3,218,586$14,273,781
86$25,231,719$5,494,508$3,215,864$15,472,167
87$27,691,327$5,649,712$3,209,568$16,786,913
88$30,398,223$5,808,928$3,199,469$18,229,780
89$33,377,518$5,972,242$3,185,327$19,813,730
90$36,656,879$6,139,736$3,166,889$21,553,046
91$40,266,792$6,311,494$3,143,892$23,463,467
92$44,240,851$6,487,603$3,116,058$25,562,340
93$48,616,069$6,668,147$3,083,097$27,868,777
94$53,433,233$6,853,211$3,044,706$30,403,842
95$58,737,284$7,042,881$3,000,566$33,190,747
96$64,577,746$7,237,240$2,950,343$36,255,072
97$71,009,187$7,436,375$2,893,690$39,625,006
98$78,091,736$7,640,370$2,830,241$43,331,616
99$85,891,653$7,849,309$2,759,614$47,409,135
100$94,481,951$8,063,274$2,681,410$51,895,292