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%13.6%
1 years$211,402$209,519$207,682$205,889$204,138$201,087
2 years$104,655$102,706$100,817$98,985$97,209$94,142
3 years$69,077$67,119$65,235$63,421$61,673$58,686
4 years$51,291$49,340$47,474$45,691$43,986$41,101
5 years$40,623$38,683$36,842$35,095$33,437$30,663
6 years$33,513$31,588$29,774$28,066$26,458$23,798
7 years$28,436$26,527$24,742$23,074$21,517$18,972
8 years$24,630$22,739$20,983$19,357$17,851$15,420
9 years$21,672$19,798$18,073$16,488$15,033$12,716
10 years$19,307$17,451$15,756$14,212$12,809$10,603
11 years$17,373$15,536$13,872$12,369$11,016$8,920
12 years$15,762$13,944$12,311$10,849$9,546$7,557
13 years$14,400$12,601$10,999$9,578$8,324$6,439
14 years$13,234$11,454$9,883$8,503$7,297$5,513
15 years$12,224$10,464$8,923$7,583$6,425$4,739
16 years$11,342$9,600$8,090$6,790$5,678$4,087
17 years$10,564$8,841$7,361$6,100$5,035$3,534
18 years$9,873$8,170$6,720$5,498$4,477$3,064
19 years$9,256$7,572$6,152$4,968$3,990$2,661
20 years$8,701$7,036$5,646$4,499$3,564$2,316
21 years$8,199$6,554$5,193$4,083$3,190$2,018
22 years$7,744$6,118$4,786$3,713$2,859$1,761
23 years$7,329$5,722$4,419$3,381$2,566$1,538
24 years$6,949$5,361$4,087$3,084$2,307$1,345
25 years$6,600$5,031$3,785$2,816$2,076$1,177
26 years$6,278$4,728$3,511$2,575$1,870$1,031
27 years$5,981$4,450$3,260$2,357$1,686$903
28 years$5,706$4,193$3,031$2,160$1,521$792
29 years$5,450$3,956$2,820$1,980$1,373$695
30 years$5,211$3,736$2,627$1,817$1,241$610
31 years$4,988$3,532$2,449$1,669$1,122$535
32 years$4,780$3,342$2,285$1,534$1,015$470
33 years$4,585$3,164$2,134$1,411$918$413
34 years$4,401$2,999$1,993$1,298$832$363
35 years$4,229$2,845$1,864$1,195$753$319
36 years$4,066$2,700$1,743$1,100$682$280
37 years$3,912$2,564$1,632$1,014$619$247
38 years$3,767$2,437$1,528$935$561$217
39 years$3,630$2,317$1,432$862$509$191
40 years$3,500$2,205$1,342$795$461$168
41 years$3,376$2,099$1,258$733$418$147
42 years$3,259$1,999$1,180$677$380$130
43 years$3,148$1,905$1,108$625$345$114
44 years$3,042$1,815$1,040$577$313$100
45 years$2,941$1,731$976$533$284$88
46 years$2,844$1,651$917$492$258$78
47 years$2,752$1,576$861$455$234$68
48 years$2,664$1,504$809$420$213$60
49 years$2,580$1,437$761$388$193$53
50 years$2,499$1,372$715$359$175$47

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 $4,503 every year, while hoping to spend $44,077 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: 77/11/12 Blend
60$2,560,000$2,560,000$2,560,000$2,560,000
61$2,825,765$2,690,085$2,650,405$3,036,478
62$3,067,095$2,775,001$2,692,296$3,260,784
63$3,331,564$2,862,602$2,734,113$3,500,620
64$3,621,485$2,952,970$2,775,807$3,762,362
65$3,939,406$3,046,196$2,817,326$4,048,176
66$4,288,134$3,142,367$2,858,615$4,360,445
67$4,670,759$3,241,579$2,899,614$4,701,798
68$5,090,687$3,343,927$2,940,262$5,075,127
69$5,551,669$3,449,511$2,980,492$5,483,617
70$6,057,835$3,558,433$3,020,234$5,930,778
71$6,613,736$3,670,799$3,059,415$6,420,475
72$7,224,387$3,786,717$3,097,955$6,956,964
73$7,895,310$3,906,302$3,135,772$7,544,934
74$8,632,589$4,029,668$3,172,777$8,189,553
75$9,442,927$4,156,936$3,208,879$8,896,508
76$10,333,709$4,288,229$3,243,980$9,672,070
77$11,313,070$4,423,675$3,277,976$10,523,142
78$12,389,973$4,563,405$3,310,758$11,457,334
79$13,574,294$4,707,556$3,342,213$12,483,026
80$14,876,913$4,856,267$3,372,218$13,609,451
81$16,309,817$5,009,683$3,400,646$14,846,783
82$17,886,215$5,167,954$3,427,364$16,206,230
83$19,620,658$5,331,233$3,452,230$17,700,141
84$21,529,181$5,499,679$3,475,096$19,342,121
85$23,629,451$5,673,457$3,495,805$21,147,162
86$25,940,934$5,852,735$3,514,193$23,131,780
87$28,485,077$6,037,687$3,530,087$25,314,174
88$31,285,516$6,228,495$3,543,306$27,714,397
89$34,368,291$6,425,344$3,553,659$30,354,544
90$37,762,096$6,628,425$3,560,946$33,258,961
91$41,498,549$6,837,936$3,564,956$36,454,473
92$45,612,489$7,054,083$3,565,470$39,970,640
93$50,142,304$7,277,075$3,562,255$43,840,031
94$55,130,297$7,507,129$3,555,068$48,098,537
95$60,623,080$7,744,471$3,543,656$52,785,705
96$66,672,016$7,989,332$3,527,750$57,945,113
97$73,333,703$8,241,950$3,507,070$63,624,778
98$80,670,508$8,502,573$3,481,324$69,877,616
99$88,751,155$8,771,454$3,450,204$76,761,931
100$97,651,374$9,048,857$3,413,387$84,341,976