Can I retire at age 61 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$213,054$211,156$209,305$207,497$205,733$199,227
2 years$105,472$103,508$101,604$99,758$97,968$91,472
3 years$69,616$67,644$65,745$63,916$62,155$55,873
4 years$51,692$49,725$47,845$46,048$44,329$38,310
5 years$40,940$38,985$37,130$35,369$33,699$27,958
6 years$33,775$31,834$30,006$28,285$26,664$21,207
7 years$28,658$26,734$24,936$23,255$21,685$16,510
8 years$24,823$22,916$21,147$19,508$17,990$13,094
9 years$21,841$19,953$18,214$16,616$15,150$10,528
10 years$19,457$17,587$15,880$14,323$12,909$8,554
11 years$17,508$15,657$13,980$12,466$11,102$7,006
12 years$15,885$14,053$12,407$10,934$9,621$5,775
13 years$14,513$12,700$11,085$9,653$8,389$4,785
14 years$13,338$11,544$9,960$8,569$7,354$3,980
15 years$12,320$10,545$8,992$7,642$6,475$3,323
16 years$11,430$9,675$8,153$6,843$5,723$2,781
17 years$10,646$8,910$7,419$6,148$5,074$2,333
18 years$9,950$8,234$6,772$5,541$4,512$1,961
19 years$9,328$7,631$6,200$5,006$4,021$1,651
20 years$8,769$7,091$5,690$4,534$3,592$1,392
21 years$8,263$6,605$5,234$4,115$3,214$1,175
22 years$7,804$6,166$4,824$3,742$2,881$992
23 years$7,386$5,766$4,454$3,408$2,586$839
24 years$7,003$5,403$4,119$3,108$2,325$709
25 years$6,652$5,070$3,815$2,838$2,092$600
26 years$6,328$4,765$3,538$2,595$1,884$508
27 years$6,028$4,485$3,285$2,375$1,699$431
28 years$5,750$4,226$3,054$2,176$1,533$365
29 years$5,492$3,987$2,842$1,996$1,384$309
30 years$5,252$3,765$2,647$1,832$1,251$262
31 years$5,027$3,559$2,468$1,682$1,131$222
32 years$4,817$3,368$2,303$1,546$1,023$189
33 years$4,620$3,189$2,150$1,422$926$160
34 years$4,436$3,023$2,009$1,308$838$136
35 years$4,262$2,867$1,878$1,204$759$115
36 years$4,098$2,721$1,757$1,109$688$98
37 years$3,943$2,584$1,645$1,022$623$83
38 years$3,797$2,456$1,540$942$565$70
39 years$3,658$2,336$1,443$868$512$60
40 years$3,527$2,222$1,352$801$465$51
41 years$3,403$2,115$1,268$739$422$43
42 years$3,285$2,014$1,190$682$383$36
43 years$3,172$1,919$1,116$630$347$31
44 years$3,065$1,830$1,048$581$315$26
45 years$2,963$1,745$984$537$286$22
46 years$2,866$1,664$924$496$260$19
47 years$2,774$1,588$868$458$236$16
48 years$2,685$1,516$816$423$214$14
49 years$2,600$1,448$767$391$195$12
50 years$2,519$1,383$721$362$177$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,580,000, adding $6,995 every year, while hoping to spend $24,813 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: 85/9/6 Blend
60$2,580,000$2,580,000$2,580,000$2,580,000
61$2,850,375$2,713,635$2,673,645$3,091,262
62$3,114,713$2,820,203$2,736,812$3,355,975
63$3,405,181$2,931,160$2,801,262$3,642,606
64$3,724,419$3,046,697$2,867,014$3,956,701
65$4,075,335$3,167,010$2,934,084$4,301,004
66$4,461,131$3,292,305$3,002,488$4,678,536
67$4,885,337$3,422,799$3,072,242$5,092,622
68$5,351,841$3,558,716$3,143,362$5,546,929
69$5,864,927$3,700,291$3,215,862$6,045,492
70$6,429,314$3,847,769$3,289,758$6,592,755
71$7,050,203$4,001,409$3,365,064$7,193,615
72$7,733,323$4,161,477$3,441,793$7,853,466
73$8,484,987$4,328,255$3,519,958$8,578,248
74$9,312,151$4,502,035$3,599,573$9,374,506
75$10,222,480$4,683,124$3,680,647$10,249,447
76$11,224,417$4,871,841$3,763,193$11,211,013
77$12,327,268$5,068,522$3,847,221$12,267,952
78$13,541,286$5,273,516$3,932,739$13,429,902
79$14,877,768$5,487,189$4,019,757$14,707,481
80$16,349,161$5,709,923$4,108,280$16,112,384
81$17,969,184$5,942,117$4,198,315$17,657,499
82$19,752,950$6,184,190$4,289,868$19,357,023
83$21,717,113$6,436,577$4,382,941$21,226,599
84$23,880,026$6,699,737$4,477,537$23,283,459
85$26,261,911$6,974,146$4,573,657$25,546,591
86$28,885,051$7,260,305$4,671,299$28,036,915
87$31,774,000$7,558,734$4,770,462$30,777,481
88$34,955,817$7,869,981$4,871,141$33,793,685
89$38,460,316$8,194,616$4,973,330$37,113,508
90$42,320,353$8,533,237$5,077,022$40,767,783
91$46,572,132$8,886,468$5,182,205$44,790,480
92$51,255,549$9,254,964$5,288,867$49,219,030
93$56,414,564$9,639,407$5,396,994$54,094,676
94$62,097,625$10,040,513$5,506,569$59,462,865
95$68,358,114$10,459,029$5,617,570$65,373,669
96$75,254,859$10,895,738$5,729,975$71,882,265
97$82,852,684$11,351,459$5,843,760$79,049,451
98$91,223,025$11,827,048$5,958,893$86,942,219
99$100,444,601$12,323,401$6,075,343$95,634,388
100$110,604,158$12,841,456$6,193,075$105,207,299