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%19.1%
1 years$213,054$211,156$209,305$207,497$205,733$198,197
2 years$105,472$103,508$101,604$99,758$97,968$90,460
3 years$69,616$67,644$65,745$63,916$62,155$54,910
4 years$51,692$49,725$47,845$46,048$44,329$37,403
5 years$40,940$38,985$37,130$35,369$33,699$27,109
6 years$33,775$31,834$30,006$28,285$26,664$20,417
7 years$28,658$26,734$24,936$23,255$21,685$15,778
8 years$24,823$22,916$21,147$19,508$17,990$12,418
9 years$21,841$19,953$18,214$16,616$15,150$9,905
10 years$19,457$17,587$15,880$14,323$12,909$7,982
11 years$17,508$15,657$13,980$12,466$11,102$6,483
12 years$15,885$14,053$12,407$10,934$9,621$5,297
13 years$14,513$12,700$11,085$9,653$8,389$4,350
14 years$13,338$11,544$9,960$8,569$7,354$3,587
15 years$12,320$10,545$8,992$7,642$6,475$2,966
16 years$11,430$9,675$8,153$6,843$5,723$2,460
17 years$10,646$8,910$7,419$6,148$5,074$2,044
18 years$9,950$8,234$6,772$5,541$4,512$1,701
19 years$9,328$7,631$6,200$5,006$4,021$1,418
20 years$8,769$7,091$5,690$4,534$3,592$1,184
21 years$8,263$6,605$5,234$4,115$3,214$989
22 years$7,804$6,166$4,824$3,742$2,881$827
23 years$7,386$5,766$4,454$3,408$2,586$692
24 years$7,003$5,403$4,119$3,108$2,325$579
25 years$6,652$5,070$3,815$2,838$2,092$485
26 years$6,328$4,765$3,538$2,595$1,884$407
27 years$6,028$4,485$3,285$2,375$1,699$341
28 years$5,750$4,226$3,054$2,176$1,533$286
29 years$5,492$3,987$2,842$1,996$1,384$240
30 years$5,252$3,765$2,647$1,832$1,251$201
31 years$5,027$3,559$2,468$1,682$1,131$169
32 years$4,817$3,368$2,303$1,546$1,023$141
33 years$4,620$3,189$2,150$1,422$926$119
34 years$4,436$3,023$2,009$1,308$838$100
35 years$4,262$2,867$1,878$1,204$759$84
36 years$4,098$2,721$1,757$1,109$688$70
37 years$3,943$2,584$1,645$1,022$623$59
38 years$3,797$2,456$1,540$942$565$49
39 years$3,658$2,336$1,443$868$512$41
40 years$3,527$2,222$1,352$801$465$35
41 years$3,403$2,115$1,268$739$422$29
42 years$3,285$2,014$1,190$682$383$25
43 years$3,172$1,919$1,116$630$347$21
44 years$3,065$1,830$1,048$581$315$17
45 years$2,963$1,745$984$537$286$15
46 years$2,866$1,664$924$496$260$12
47 years$2,774$1,588$868$458$236$10
48 years$2,685$1,516$816$423$214$9
49 years$2,600$1,448$767$391$195$7
50 years$2,519$1,383$721$362$177$6

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 $6,893 every year, while hoping to spend $41,244 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: 59/30/11 Blend
60$2,580,000$2,580,000$2,580,000$2,580,000
61$2,850,270$2,713,530$2,673,540$3,010,519
62$3,097,114$2,802,610$2,719,220$3,208,245
63$3,367,754$2,894,672$2,765,049$3,418,501
64$3,664,574$2,989,820$2,810,986$3,646,764
65$3,990,198$3,088,158$2,856,992$3,894,772
66$4,347,519$3,189,799$2,903,022$4,164,433
67$4,739,722$3,294,855$2,949,029$4,457,849
68$5,170,315$3,403,444$2,994,963$4,777,334
69$5,643,163$3,515,689$3,040,771$5,125,433
70$6,162,525$3,631,717$3,086,395$5,504,947
71$6,733,090$3,751,659$3,131,777$5,918,961
72$7,360,025$3,875,650$3,176,852$6,370,870
73$8,049,023$4,003,832$3,221,551$6,864,411
74$8,806,354$4,136,350$3,265,804$7,403,700
75$9,638,927$4,273,356$3,309,533$7,993,267
76$10,554,354$4,415,007$3,352,659$8,638,102
77$11,561,020$4,561,465$3,395,096$9,343,699
78$12,668,166$4,712,898$3,436,753$10,116,107
79$13,885,970$4,869,481$3,477,535$10,961,990
80$15,225,647$5,031,394$3,517,341$11,888,685
81$16,699,556$5,198,826$3,556,065$12,904,274
82$18,321,312$5,371,969$3,593,594$14,017,658
83$20,105,917$5,551,027$3,629,811$15,238,641
84$22,069,900$5,736,207$3,664,589$16,578,022
85$24,231,474$5,927,725$3,697,797$18,047,695
86$26,610,709$6,125,808$3,729,297$19,660,765
87$29,229,715$6,330,686$3,758,942$21,431,664
88$32,112,858$6,542,602$3,786,579$23,376,294
89$35,286,985$6,761,805$3,812,046$25,512,170
90$38,781,681$6,988,557$3,835,172$27,858,589
91$42,629,540$7,223,124$3,855,778$30,436,811
92$46,866,484$7,465,788$3,873,677$33,270,255
93$51,532,091$7,716,837$3,888,671$36,384,724
94$56,669,974$7,976,572$3,900,552$39,808,647
95$62,328,192$8,245,305$3,909,101$43,573,342
96$68,559,702$8,523,359$3,914,090$47,713,318
97$75,422,858$8,811,070$3,915,278$52,266,594
98$82,981,963$9,108,785$3,912,413$57,275,060
99$91,307,874$9,416,867$3,905,230$62,784,869
100$100,478,674$9,735,690$3,893,452$68,846,877