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%13.1%
1 years$213,054$211,156$209,305$207,497$205,733$203,078
2 years$105,472$103,508$101,604$99,758$97,968$95,297
3 years$69,616$67,644$65,745$63,916$62,155$59,551
4 years$51,692$49,725$47,845$46,048$44,329$41,812
5 years$40,940$38,985$37,130$35,369$33,699$31,276
6 years$33,775$31,834$30,006$28,285$26,664$24,339
7 years$28,658$26,734$24,936$23,255$21,685$19,458
8 years$24,823$22,916$21,147$19,508$17,990$15,861
9 years$21,841$19,953$18,214$16,616$15,150$13,118
10 years$19,457$17,587$15,880$14,323$12,909$10,972
11 years$17,508$15,657$13,980$12,466$11,102$9,259
12 years$15,885$14,053$12,407$10,934$9,621$7,869
13 years$14,513$12,700$11,085$9,653$8,389$6,727
14 years$13,338$11,544$9,960$8,569$7,354$5,779
15 years$12,320$10,545$8,992$7,642$6,475$4,984
16 years$11,430$9,675$8,153$6,843$5,723$4,313
17 years$10,646$8,910$7,419$6,148$5,074$3,743
18 years$9,950$8,234$6,772$5,541$4,512$3,257
19 years$9,328$7,631$6,200$5,006$4,021$2,839
20 years$8,769$7,091$5,690$4,534$3,592$2,480
21 years$8,263$6,605$5,234$4,115$3,214$2,169
22 years$7,804$6,166$4,824$3,742$2,881$1,900
23 years$7,386$5,766$4,454$3,408$2,586$1,666
24 years$7,003$5,403$4,119$3,108$2,325$1,462
25 years$6,652$5,070$3,815$2,838$2,092$1,285
26 years$6,328$4,765$3,538$2,595$1,884$1,130
27 years$6,028$4,485$3,285$2,375$1,699$994
28 years$5,750$4,226$3,054$2,176$1,533$875
29 years$5,492$3,987$2,842$1,996$1,384$771
30 years$5,252$3,765$2,647$1,832$1,251$679
31 years$5,027$3,559$2,468$1,682$1,131$599
32 years$4,817$3,368$2,303$1,546$1,023$528
33 years$4,620$3,189$2,150$1,422$926$466
34 years$4,436$3,023$2,009$1,308$838$411
35 years$4,262$2,867$1,878$1,204$759$363
36 years$4,098$2,721$1,757$1,109$688$320
37 years$3,943$2,584$1,645$1,022$623$283
38 years$3,797$2,456$1,540$942$565$250
39 years$3,658$2,336$1,443$868$512$221
40 years$3,527$2,222$1,352$801$465$195
41 years$3,403$2,115$1,268$739$422$172
42 years$3,285$2,014$1,190$682$383$152
43 years$3,172$1,919$1,116$630$347$134
44 years$3,065$1,830$1,048$581$315$119
45 years$2,963$1,745$984$537$286$105
46 years$2,866$1,664$924$496$260$93
47 years$2,774$1,588$868$458$236$82
48 years$2,685$1,516$816$423$214$72
49 years$2,600$1,448$767$391$195$64
50 years$2,519$1,383$721$362$177$57

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 $5,690 every year, while hoping to spend $31,797 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: 55/21/24 Blend
60$2,580,000$2,580,000$2,580,000$2,580,000
61$2,849,029$2,712,289$2,672,299$2,986,687
62$3,105,798$2,811,360$2,727,989$3,180,907
63$3,387,692$2,914,219$2,784,480$3,388,513
64$3,697,240$3,021,019$2,841,763$3,613,948
65$4,037,228$3,131,918$2,899,831$3,858,932
66$4,410,725$3,247,082$2,958,676$4,125,361
67$4,821,113$3,366,682$3,018,284$4,415,318
68$5,272,115$3,490,898$3,078,646$4,731,099
69$5,767,836$3,619,918$3,139,746$5,075,228
70$6,312,796$3,753,935$3,201,568$5,450,484
71$6,911,977$3,893,153$3,264,096$5,859,927
72$7,570,865$4,037,784$3,327,310$6,306,924
73$8,295,506$4,188,048$3,391,188$6,795,183
74$9,092,562$4,344,177$3,455,707$7,328,787
75$9,969,371$4,506,410$3,520,841$7,912,231
76$10,934,020$4,674,997$3,586,562$8,550,463
77$11,995,418$4,850,200$3,652,840$9,248,934
78$13,163,382$5,032,290$3,719,641$10,013,645
79$14,448,728$5,221,553$3,786,930$10,851,206
80$15,863,373$5,418,284$3,854,667$11,768,896
81$17,420,449$5,622,793$3,922,811$12,774,733
82$19,134,427$5,835,401$3,991,317$13,877,545
83$21,021,248$6,056,446$4,060,136$15,087,059
84$23,098,481$6,286,278$4,129,216$16,413,986
85$25,385,484$6,525,263$4,198,502$17,870,127
86$27,903,586$6,773,783$4,267,935$19,468,479
87$30,676,291$7,032,238$4,337,450$21,223,360
88$33,729,498$7,301,043$4,406,980$23,150,542
89$37,091,745$7,580,632$4,476,452$25,267,401
90$40,794,479$7,871,459$4,545,789$27,593,076
91$44,872,353$8,173,997$4,614,910$30,148,655
92$49,363,549$8,488,740$4,683,726$32,957,368
93$54,310,146$8,816,203$4,752,146$36,044,809
94$59,758,509$9,156,925$4,820,070$39,439,175
95$65,759,729$9,511,466$4,887,395$43,171,529
96$72,370,108$9,880,415$4,954,009$47,276,100
97$79,651,687$10,264,383$5,019,796$51,790,594
98$87,672,831$10,664,010$5,084,632$56,756,560
99$96,508,877$11,079,964$5,148,384$62,219,774
100$106,242,843$11,512,942$5,210,915$68,230,671