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%19%
1 years$212,228$210,338$208,493$206,693$204,935$197,507
2 years$105,063$103,107$101,210$99,372$97,588$90,186
3 years$69,347$67,381$65,490$63,668$61,914$54,770
4 years$51,492$49,532$47,660$45,870$44,158$37,327
5 years$40,781$38,834$36,986$35,232$33,568$27,068
6 years$33,644$31,711$29,890$28,175$26,561$20,397
7 years$28,547$26,631$24,839$23,165$21,601$15,772
8 years$24,727$22,828$21,065$19,432$17,920$12,420
9 years$21,757$19,875$18,144$16,552$15,092$9,913
10 years$19,382$17,519$15,818$14,268$12,859$7,993
11 years$17,440$15,596$13,926$12,417$11,059$6,496
12 years$15,824$13,998$12,359$10,892$9,583$5,312
13 years$14,457$12,650$11,042$9,616$8,357$4,365
14 years$13,286$11,499$9,921$8,536$7,326$3,601
15 years$12,272$10,505$8,957$7,612$6,450$2,981
16 years$11,386$9,638$8,121$6,816$5,701$2,473
17 years$10,605$8,876$7,390$6,124$5,055$2,057
18 years$9,912$8,202$6,746$5,519$4,494$1,713
19 years$9,292$7,601$6,176$4,987$4,006$1,429
20 years$8,735$7,064$5,668$4,517$3,578$1,194
21 years$8,231$6,579$5,213$4,099$3,202$998
22 years$7,774$6,142$4,805$3,727$2,870$835
23 years$7,358$5,744$4,436$3,394$2,576$699
24 years$6,976$5,382$4,103$3,096$2,316$586
25 years$6,626$5,051$3,800$2,827$2,084$491
26 years$6,303$4,747$3,524$2,585$1,877$412
27 years$6,005$4,467$3,273$2,366$1,692$346
28 years$5,728$4,209$3,042$2,168$1,527$290
29 years$5,471$3,971$2,831$1,988$1,379$243
30 years$5,231$3,750$2,637$1,825$1,246$204
31 years$5,008$3,545$2,459$1,676$1,126$172
32 years$4,799$3,355$2,294$1,540$1,019$144
33 years$4,602$3,177$2,142$1,416$922$121
34 years$4,418$3,011$2,001$1,303$835$102
35 years$4,245$2,856$1,871$1,199$756$85
36 years$4,082$2,711$1,750$1,105$685$72
37 years$3,928$2,574$1,638$1,018$621$60
38 years$3,782$2,447$1,534$938$563$51
39 years$3,644$2,327$1,437$865$510$43
40 years$3,514$2,213$1,347$798$463$36
41 years$3,390$2,107$1,263$736$420$30
42 years$3,272$2,007$1,185$679$381$25
43 years$3,160$1,912$1,112$627$346$21
44 years$3,054$1,822$1,044$579$314$18
45 years$2,952$1,738$980$535$285$15
46 years$2,855$1,658$920$494$259$13
47 years$2,763$1,582$865$456$235$11
48 years$2,674$1,510$813$422$213$9
49 years$2,590$1,442$764$390$194$7
50 years$2,509$1,378$718$360$176$6

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 $5,715 every year, while hoping to spend $52,057 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: 35/42/23 Blend
60$2,570,000$2,570,000$2,570,000$2,570,000
61$2,838,035$2,701,825$2,661,990$2,917,391
62$3,072,126$2,778,826$2,695,778$3,053,558
63$3,328,350$2,857,856$2,728,954$3,195,200
64$3,608,909$2,938,958$2,761,441$3,346,982
65$3,916,229$3,022,178$2,793,161$3,509,838
66$4,252,981$3,107,561$2,824,028$3,684,801
67$4,622,105$3,195,152$2,853,953$3,873,004
68$5,026,844$3,284,998$2,882,844$4,075,693
69$5,470,764$3,377,145$2,910,602$4,294,244
70$5,957,796$3,471,639$2,937,121$4,530,167
71$6,492,269$3,568,528$2,962,293$4,785,127
72$7,078,952$3,667,857$2,986,001$5,060,957
73$7,723,098$3,769,675$3,008,125$5,359,673
74$8,430,492$3,874,027$3,028,535$5,683,500
75$9,207,510$3,980,962$3,047,098$6,034,883
76$10,061,172$4,090,525$3,063,672$6,416,518
77$10,999,214$4,202,763$3,078,108$6,831,375
78$12,030,158$4,317,723$3,090,249$7,282,723
79$13,163,392$4,435,450$3,099,930$7,774,164
80$14,409,261$4,555,989$3,106,981$8,309,668
81$15,779,159$4,679,386$3,111,218$8,893,606
82$17,285,642$4,805,684$3,112,452$9,530,796
83$18,942,541$4,934,927$3,110,483$10,226,543
84$20,765,098$5,067,156$3,105,102$10,986,696
85$22,770,104$5,202,413$3,096,089$11,817,696
86$24,976,060$5,340,736$3,083,213$12,726,643
87$27,403,350$5,482,164$3,066,233$13,721,358
88$30,074,436$5,626,735$3,044,896$14,810,461
89$33,014,065$5,774,481$3,018,936$16,003,449
90$36,249,505$5,925,436$2,988,076$17,310,789
91$39,810,802$6,079,630$2,952,024$18,744,012
92$43,731,062$6,237,090$2,910,476$20,315,829
93$48,046,765$6,397,843$2,863,112$22,040,244
94$52,798,107$6,561,909$2,809,597$23,932,692
95$58,029,379$6,729,307$2,749,584$26,010,181
96$63,789,385$6,900,052$2,682,704$28,291,456
97$70,131,903$7,074,156$2,608,576$30,797,172
98$77,116,192$7,251,625$2,526,798$33,550,093
99$84,807,551$7,432,461$2,436,953$36,575,307
100$93,277,931$7,616,662$2,338,600$39,900,460