Can I retire at age 61 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$212,228$210,338$208,493$206,693$204,935$199,738
2 years$105,063$103,107$101,210$99,372$97,588$92,386
3 years$69,347$67,381$65,490$63,668$61,914$56,869
4 years$51,492$49,532$47,660$45,870$44,158$39,309
5 years$40,781$38,834$36,986$35,232$33,568$28,929
6 years$33,644$31,711$29,890$28,175$26,561$22,137
7 years$28,547$26,631$24,839$23,165$21,601$17,392
8 years$24,727$22,828$21,065$19,432$17,920$13,924
9 years$21,757$19,875$18,144$16,552$15,092$11,304
10 years$19,382$17,519$15,818$14,268$12,859$9,277
11 years$17,440$15,596$13,926$12,417$11,059$7,676
12 years$15,824$13,998$12,359$10,892$9,583$6,395
13 years$14,457$12,650$11,042$9,616$8,357$5,356
14 years$13,286$11,499$9,921$8,536$7,326$4,505
15 years$12,272$10,505$8,957$7,612$6,450$3,803
16 years$11,386$9,638$8,121$6,816$5,701$3,220
17 years$10,605$8,876$7,390$6,124$5,055$2,733
18 years$9,912$8,202$6,746$5,519$4,494$2,325
19 years$9,292$7,601$6,176$4,987$4,006$1,981
20 years$8,735$7,064$5,668$4,517$3,578$1,690
21 years$8,231$6,579$5,213$4,099$3,202$1,444
22 years$7,774$6,142$4,805$3,727$2,870$1,235
23 years$7,358$5,744$4,436$3,394$2,576$1,057
24 years$6,976$5,382$4,103$3,096$2,316$906
25 years$6,626$5,051$3,800$2,827$2,084$776
26 years$6,303$4,747$3,524$2,585$1,877$666
27 years$6,005$4,467$3,273$2,366$1,692$571
28 years$5,728$4,209$3,042$2,168$1,527$491
29 years$5,471$3,971$2,831$1,988$1,379$421
30 years$5,231$3,750$2,637$1,825$1,246$362
31 years$5,008$3,545$2,459$1,676$1,126$311
32 years$4,799$3,355$2,294$1,540$1,019$267
33 years$4,602$3,177$2,142$1,416$922$230
34 years$4,418$3,011$2,001$1,303$835$198
35 years$4,245$2,856$1,871$1,199$756$170
36 years$4,082$2,711$1,750$1,105$685$146
37 years$3,928$2,574$1,638$1,018$621$126
38 years$3,782$2,447$1,534$938$563$108
39 years$3,644$2,327$1,437$865$510$93
40 years$3,514$2,213$1,347$798$463$80
41 years$3,390$2,107$1,263$736$420$69
42 years$3,272$2,007$1,185$679$381$59
43 years$3,160$1,912$1,112$627$346$51
44 years$3,054$1,822$1,044$579$314$44
45 years$2,952$1,738$980$535$285$38
46 years$2,855$1,658$920$494$259$32
47 years$2,763$1,582$865$456$235$28
48 years$2,674$1,510$813$422$213$24
49 years$2,590$1,442$764$390$194$21
50 years$2,509$1,378$718$360$176$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,570,000, adding $2,558 every year, while hoping to spend $23,164 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: 75/13/12 Blend
60$2,570,000$2,570,000$2,570,000$2,570,000
61$2,834,779$2,698,569$2,658,734$3,040,455
62$3,099,280$2,806,152$2,723,155$3,284,097
63$3,389,984$2,918,231$2,788,958$3,547,876
64$3,709,538$3,035,001$2,856,164$3,836,317
65$4,060,862$3,156,666$2,924,796$4,151,860
66$4,447,168$3,283,441$2,994,876$4,497,196
67$4,871,999$3,415,549$3,066,423$4,875,284
68$5,339,255$3,553,224$3,139,461$5,289,383
69$5,853,237$3,696,710$3,214,011$5,743,083
70$6,418,681$3,846,262$3,290,094$6,240,336
71$7,040,804$4,002,147$3,367,730$6,785,495
72$7,725,358$4,164,644$3,446,941$7,383,351
73$8,478,678$4,334,045$3,527,747$8,039,184
74$9,307,744$4,510,654$3,610,167$8,758,809
75$10,220,249$4,694,791$3,694,223$9,548,627
76$11,224,667$4,886,789$3,779,932$10,415,692
77$12,330,338$5,086,996$3,867,314$11,367,772
78$13,547,551$5,295,777$3,956,388$12,413,424
79$14,887,644$5,513,513$4,047,170$13,562,074
80$16,363,111$5,740,603$4,139,677$14,824,103
81$17,987,719$5,977,463$4,233,928$16,210,949
82$19,776,638$6,224,530$4,329,936$17,735,211
83$21,746,583$6,482,260$4,427,716$19,410,770
84$23,915,973$6,751,130$4,527,283$21,252,914
85$26,305,105$7,031,638$4,628,650$23,278,490
86$28,936,344$7,324,306$4,731,828$25,506,054
87$31,834,336$7,629,682$4,836,829$27,956,052
88$35,026,236$7,948,334$4,943,661$30,651,008
89$38,541,972$8,280,862$5,052,333$33,615,739
90$42,414,519$8,627,890$5,162,852$36,877,586
91$46,680,216$8,990,073$5,275,223$40,466,672
92$51,379,105$9,368,094$5,389,450$44,416,187
93$56,555,312$9,762,669$5,505,536$48,762,699
94$62,257,463$10,174,548$5,623,480$53,546,497
95$68,539,138$10,604,515$5,743,280$58,811,976
96$75,459,383$11,053,389$5,864,933$64,608,047
97$83,083,265$11,522,030$5,988,433$70,988,604
98$91,482,484$12,011,336$6,113,772$78,013,029
99$100,736,052$12,522,246$6,240,938$85,746,754
100$110,931,039$13,055,745$6,369,919$94,261,872