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%14.2%
1 years$212,228$210,338$208,493$206,693$204,935$201,375
2 years$105,063$103,107$101,210$99,372$97,588$94,012
3 years$69,347$67,381$65,490$63,668$61,914$58,434
4 years$51,492$49,532$47,660$45,870$44,158$40,801
5 years$40,781$38,834$36,986$35,232$33,568$30,344
6 years$33,644$31,711$29,890$28,175$26,561$23,474
7 years$28,547$26,631$24,839$23,165$21,601$18,651
8 years$24,727$22,828$21,065$19,432$17,920$15,107
9 years$21,757$19,875$18,144$16,552$15,092$12,413
10 years$19,382$17,519$15,818$14,268$12,859$10,313
11 years$17,440$15,596$13,926$12,417$11,059$8,643
12 years$15,824$13,998$12,359$10,892$9,583$7,294
13 years$14,457$12,650$11,042$9,616$8,357$6,191
14 years$13,286$11,499$9,921$8,536$7,326$5,279
15 years$12,272$10,505$8,957$7,612$6,450$4,519
16 years$11,386$9,638$8,121$6,816$5,701$3,881
17 years$10,605$8,876$7,390$6,124$5,055$3,342
18 years$9,912$8,202$6,746$5,519$4,494$2,884
19 years$9,292$7,601$6,176$4,987$4,006$2,494
20 years$8,735$7,064$5,668$4,517$3,578$2,161
21 years$8,231$6,579$5,213$4,099$3,202$1,874
22 years$7,774$6,142$4,805$3,727$2,870$1,628
23 years$7,358$5,744$4,436$3,394$2,576$1,416
24 years$6,976$5,382$4,103$3,096$2,316$1,232
25 years$6,626$5,051$3,800$2,827$2,084$1,073
26 years$6,303$4,747$3,524$2,585$1,877$935
27 years$6,005$4,467$3,273$2,366$1,692$816
28 years$5,728$4,209$3,042$2,168$1,527$712
29 years$5,471$3,971$2,831$1,988$1,379$621
30 years$5,231$3,750$2,637$1,825$1,246$543
31 years$5,008$3,545$2,459$1,676$1,126$474
32 years$4,799$3,355$2,294$1,540$1,019$414
33 years$4,602$3,177$2,142$1,416$922$362
34 years$4,418$3,011$2,001$1,303$835$317
35 years$4,245$2,856$1,871$1,199$756$277
36 years$4,082$2,711$1,750$1,105$685$242
37 years$3,928$2,574$1,638$1,018$621$212
38 years$3,782$2,447$1,534$938$563$185
39 years$3,644$2,327$1,437$865$510$162
40 years$3,514$2,213$1,347$798$463$142
41 years$3,390$2,107$1,263$736$420$124
42 years$3,272$2,007$1,185$679$381$109
43 years$3,160$1,912$1,112$627$346$95
44 years$3,054$1,822$1,044$579$314$83
45 years$2,952$1,738$980$535$285$73
46 years$2,855$1,658$920$494$259$64
47 years$2,763$1,582$865$456$235$56
48 years$2,674$1,510$813$422$213$49
49 years$2,590$1,442$764$390$194$43
50 years$2,509$1,378$718$360$176$37

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 $5,140 every year, while hoping to spend $44,807 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: 53/21/26 Blend
60$2,570,000$2,570,000$2,570,000$2,570,000
61$2,837,442$2,701,232$2,661,397$2,967,047
62$3,079,187$2,785,918$2,702,879$3,141,913
63$3,344,088$2,873,252$2,744,250$3,327,097
64$3,634,460$2,963,316$2,785,457$3,527,718
65$3,952,851$3,056,196$2,826,447$3,745,269
66$4,302,071$3,151,978$2,867,162$3,981,395
67$4,685,211$3,250,754$2,907,541$4,237,906
68$5,105,678$3,352,616$2,947,518$4,516,793
69$5,567,223$3,457,661$2,987,027$4,820,252
70$6,073,981$3,565,986$3,025,992$5,150,699
71$6,630,503$3,677,695$3,064,339$5,510,794
72$7,241,804$3,792,893$3,101,985$5,903,469
73$7,913,411$3,911,688$3,138,844$6,331,950
74$8,651,409$4,034,191$3,174,826$6,799,795
75$9,462,505$4,160,518$3,209,834$7,310,918
76$10,354,084$4,290,787$3,243,767$7,869,634
77$11,334,287$4,425,121$3,276,520$8,480,693
78$12,412,079$4,563,647$3,307,977$9,149,332
79$13,597,339$4,706,494$3,338,023$9,881,316
80$14,900,951$4,853,795$3,366,530$10,682,999
81$16,334,907$5,005,690$3,393,368$11,561,380
82$17,912,419$5,162,321$3,418,398$12,524,170
83$19,648,046$5,323,835$3,441,474$13,579,864
84$21,557,825$5,490,382$3,462,442$14,737,824
85$23,659,432$5,662,119$3,481,142$16,008,362
86$25,972,337$5,839,206$3,497,404$17,402,841
87$28,517,998$6,021,809$3,511,049$18,933,783
88$31,320,055$6,210,099$3,521,890$20,614,982
89$34,404,558$6,404,252$3,529,732$22,461,640
90$37,800,212$6,604,448$3,534,366$24,490,505
91$41,538,643$6,810,876$3,535,577$26,720,034
92$45,654,703$7,023,727$3,533,137$29,170,563
93$50,186,792$7,243,200$3,526,807$31,864,501
94$55,177,228$7,469,499$3,516,338$34,826,540
95$60,672,636$7,702,836$3,501,466$38,083,889
96$66,724,397$7,943,427$3,481,917$41,666,533
97$73,389,127$8,191,496$3,457,403$45,607,510
98$80,729,213$8,447,274$3,427,621$49,943,228
99$88,813,401$8,710,999$3,392,254$54,713,807
100$97,717,445$8,982,915$3,350,972$59,963,456