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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.9%
1 years$213,054$211,156$209,305$207,497$205,733$198,354
2 years$105,472$103,508$101,604$99,758$97,968$90,614
3 years$69,616$67,644$65,745$63,916$62,155$55,057
4 years$51,692$49,725$47,845$46,048$44,329$37,541
5 years$40,940$38,985$37,130$35,369$33,699$27,238
6 years$33,775$31,834$30,006$28,285$26,664$20,537
7 years$28,658$26,734$24,936$23,255$21,685$15,889
8 years$24,823$22,916$21,147$19,508$17,990$12,520
9 years$21,841$19,953$18,214$16,616$15,150$9,999
10 years$19,457$17,587$15,880$14,323$12,909$8,067
11 years$17,508$15,657$13,980$12,466$11,102$6,561
12 years$15,885$14,053$12,407$10,934$9,621$5,368
13 years$14,513$12,700$11,085$9,653$8,389$4,415
14 years$13,338$11,544$9,960$8,569$7,354$3,645
15 years$12,320$10,545$8,992$7,642$6,475$3,019
16 years$11,430$9,675$8,153$6,843$5,723$2,507
17 years$10,646$8,910$7,419$6,148$5,074$2,086
18 years$9,950$8,234$6,772$5,541$4,512$1,739
19 years$9,328$7,631$6,200$5,006$4,021$1,452
20 years$8,769$7,091$5,690$4,534$3,592$1,214
21 years$8,263$6,605$5,234$4,115$3,214$1,016
22 years$7,804$6,166$4,824$3,742$2,881$850
23 years$7,386$5,766$4,454$3,408$2,586$713
24 years$7,003$5,403$4,119$3,108$2,325$598
25 years$6,652$5,070$3,815$2,838$2,092$501
26 years$6,328$4,765$3,538$2,595$1,884$421
27 years$6,028$4,485$3,285$2,375$1,699$353
28 years$5,750$4,226$3,054$2,176$1,533$297
29 years$5,492$3,987$2,842$1,996$1,384$249
30 years$5,252$3,765$2,647$1,832$1,251$209
31 years$5,027$3,559$2,468$1,682$1,131$176
32 years$4,817$3,368$2,303$1,546$1,023$148
33 years$4,620$3,189$2,150$1,422$926$124
34 years$4,436$3,023$2,009$1,308$838$104
35 years$4,262$2,867$1,878$1,204$759$88
36 years$4,098$2,721$1,757$1,109$688$74
37 years$3,943$2,584$1,645$1,022$623$62
38 years$3,797$2,456$1,540$942$565$52
39 years$3,658$2,336$1,443$868$512$44
40 years$3,527$2,222$1,352$801$465$37
41 years$3,403$2,115$1,268$739$422$31
42 years$3,285$2,014$1,190$682$383$26
43 years$3,172$1,919$1,116$630$347$22
44 years$3,065$1,830$1,048$581$315$18
45 years$2,963$1,745$984$537$286$16
46 years$2,866$1,664$924$496$260$13
47 years$2,774$1,588$868$458$236$11
48 years$2,685$1,516$816$423$214$9
49 years$2,600$1,448$767$391$195$8
50 years$2,519$1,383$721$362$177$7

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 $5,467 every year, while hoping to spend $45,314 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: 47/28/25 Blend
60$2,580,000$2,580,000$2,580,000$2,580,000
61$2,848,799$2,712,059$2,672,069$2,962,094
62$3,091,163$2,796,736$2,713,370$3,126,938
63$3,356,729$2,884,044$2,754,535$3,300,872
64$3,647,816$2,974,063$2,795,513$3,488,775
65$3,966,979$3,066,877$2,836,248$3,691,982
66$4,317,029$3,162,572$2,876,680$3,911,958
67$4,701,065$3,261,237$2,916,748$4,150,318
68$5,122,499$3,362,963$2,956,384$4,408,840
69$5,585,090$3,467,845$2,995,519$4,689,479
70$6,092,978$3,575,978$3,034,078$4,994,391
71$6,650,724$3,687,464$3,071,983$5,325,945
72$7,263,353$3,802,404$3,109,149$5,686,754
73$7,936,399$3,920,906$3,145,489$6,079,692
74$8,675,959$4,043,078$3,180,911$6,507,926
75$9,488,751$4,169,033$3,215,316$6,974,943
76$10,382,175$4,298,887$3,248,600$7,484,583
77$11,364,384$4,432,760$3,280,655$8,041,075
78$12,444,360$4,570,773$3,311,366$8,649,080
79$13,631,998$4,713,055$3,340,610$9,313,727
80$14,938,203$4,859,736$3,368,262$10,040,670
81$16,374,987$5,010,949$3,394,185$10,836,136
82$17,955,584$5,166,835$3,418,239$11,706,984
83$19,694,579$5,327,535$3,440,275$12,660,771
84$21,608,038$5,493,196$3,460,136$13,705,822
85$23,713,665$5,663,970$3,477,658$14,851,308
86$26,030,966$5,840,012$3,492,668$16,107,333
87$28,581,436$6,021,484$3,504,983$17,485,031
88$31,388,755$6,208,549$3,514,413$18,996,666
89$34,479,020$6,401,380$3,520,757$20,655,754
90$37,880,983$6,600,150$3,523,805$22,477,182
91$41,626,327$6,805,041$3,523,336$24,477,359
92$45,749,962$7,016,239$3,519,119$26,674,359
93$50,290,358$7,233,934$3,510,908$29,088,101
94$55,289,901$7,458,324$3,498,451$31,740,532
95$60,795,301$7,689,611$3,481,479$34,655,835
96$66,858,026$7,928,006$3,459,712$37,860,656
97$73,534,788$8,173,722$3,432,857$41,384,356
98$80,888,084$8,426,982$3,400,605$45,259,292
99$88,986,778$8,688,013$3,362,634$49,521,113
100$97,906,753$8,957,050$3,318,606$54,209,106