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

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$211,402$209,519$207,682$205,889$204,138$197,209
2 years$104,655$102,706$100,817$98,985$97,209$90,297
3 years$69,077$67,119$65,235$63,421$61,673$54,996
4 years$51,291$49,340$47,474$45,691$43,986$37,595
5 years$40,623$38,683$36,842$35,095$33,437$27,349
6 years$33,513$31,588$29,774$28,066$26,458$20,677
7 years$28,436$26,527$24,742$23,074$21,517$16,043
8 years$24,630$22,739$20,983$19,357$17,851$12,679
9 years$21,672$19,798$18,073$16,488$15,033$10,157
10 years$19,307$17,451$15,756$14,212$12,809$8,221
11 years$17,373$15,536$13,872$12,369$11,016$6,707
12 years$15,762$13,944$12,311$10,849$9,546$5,507
13 years$14,400$12,601$10,999$9,578$8,324$4,544
14 years$13,234$11,454$9,883$8,503$7,297$3,764
15 years$12,224$10,464$8,923$7,583$6,425$3,129
16 years$11,342$9,600$8,090$6,790$5,678$2,608
17 years$10,564$8,841$7,361$6,100$5,035$2,178
18 years$9,873$8,170$6,720$5,498$4,477$1,823
19 years$9,256$7,572$6,152$4,968$3,990$1,527
20 years$8,701$7,036$5,646$4,499$3,564$1,282
21 years$8,199$6,554$5,193$4,083$3,190$1,077
22 years$7,744$6,118$4,786$3,713$2,859$905
23 years$7,329$5,722$4,419$3,381$2,566$762
24 years$6,949$5,361$4,087$3,084$2,307$641
25 years$6,600$5,031$3,785$2,816$2,076$540
26 years$6,278$4,728$3,511$2,575$1,870$455
27 years$5,981$4,450$3,260$2,357$1,686$384
28 years$5,706$4,193$3,031$2,160$1,521$323
29 years$5,450$3,956$2,820$1,980$1,373$273
30 years$5,211$3,736$2,627$1,817$1,241$230
31 years$4,988$3,532$2,449$1,669$1,122$194
32 years$4,780$3,342$2,285$1,534$1,015$164
33 years$4,585$3,164$2,134$1,411$918$138
34 years$4,401$2,999$1,993$1,298$832$117
35 years$4,229$2,845$1,864$1,195$753$99
36 years$4,066$2,700$1,743$1,100$682$83
37 years$3,912$2,564$1,632$1,014$619$70
38 years$3,767$2,437$1,528$935$561$59
39 years$3,630$2,317$1,432$862$509$50
40 years$3,500$2,205$1,342$795$461$42
41 years$3,376$2,099$1,258$733$418$36
42 years$3,259$1,999$1,180$677$380$30
43 years$3,148$1,905$1,108$625$345$25
44 years$3,042$1,815$1,040$577$313$22
45 years$2,941$1,731$976$533$284$18
46 years$2,844$1,651$917$492$258$15
47 years$2,752$1,576$861$455$234$13
48 years$2,664$1,504$809$420$213$11
49 years$2,580$1,437$761$388$193$9
50 years$2,499$1,372$715$359$175$8

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 $2,765 every year, while hoping to spend $48,697 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: 68/10/22 Blend
60$2,560,000$2,560,000$2,560,000$2,560,000
61$2,823,972$2,688,292$2,648,612$3,000,156
62$3,060,204$2,768,205$2,685,527$3,198,417
63$3,318,899$2,850,402$2,722,047$3,409,332
64$3,602,298$2,934,943$2,758,107$3,638,905
65$3,912,867$3,021,889$2,793,638$3,888,974
66$4,253,323$3,111,305$2,828,568$4,161,566
67$4,626,658$3,203,255$2,862,821$4,458,912
68$5,036,167$3,297,804$2,896,315$4,783,471
69$5,485,479$3,395,020$2,928,965$5,137,950
70$5,978,594$3,494,972$2,960,682$5,525,333
71$6,519,915$3,597,730$2,991,369$5,948,904
72$7,114,293$3,703,366$3,020,926$6,412,285
73$7,767,072$3,811,952$3,049,248$6,919,463
74$8,484,139$3,923,562$3,076,224$7,474,833
75$9,271,978$4,038,274$3,101,734$8,083,236
76$10,137,734$4,156,165$3,125,657$8,750,004
77$11,089,279$4,277,312$3,147,862$9,481,016
78$12,135,281$4,401,796$3,168,212$10,282,746
79$13,285,296$4,529,700$3,186,562$11,162,329
80$14,549,846$4,661,106$3,202,762$12,127,626
81$15,940,528$4,796,098$3,216,653$13,187,300
82$17,470,118$4,934,762$3,228,067$14,350,894
83$19,152,691$5,077,187$3,236,828$15,628,927
84$21,003,756$5,223,460$3,242,752$17,032,988
85$23,040,401$5,373,671$3,245,646$18,575,847
86$25,281,453$5,527,911$3,245,306$20,271,576
87$27,747,656$5,686,274$3,241,519$22,135,681
88$30,461,868$5,848,853$3,234,061$24,185,251
89$33,449,274$6,015,742$3,222,697$26,439,116
90$36,737,625$6,187,038$3,207,183$28,918,023
91$40,357,498$6,362,839$3,187,259$31,644,841
92$44,342,587$6,543,241$3,162,656$34,644,764
93$48,730,016$6,728,345$3,133,090$37,945,561
94$53,560,694$6,918,251$3,098,265$41,577,829
95$58,879,698$7,113,058$3,057,870$45,575,288
96$64,736,698$7,312,869$3,011,580$49,975,096
97$71,186,428$7,517,787$2,959,054$54,818,201
98$78,289,197$7,727,912$2,899,936$60,149,727
99$86,111,465$7,943,349$2,833,853$66,019,402
100$94,726,461$8,164,200$2,760,415$72,482,025