Can I retire at age 61 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$213,880$211,975$210,116$208,302$206,530$201,374
2 years$105,881$103,909$101,998$100,145$98,348$93,186
3 years$69,886$67,906$65,999$64,164$62,396$57,389
4 years$51,892$49,918$48,031$46,226$44,501$39,689
5 years$41,099$39,136$37,274$35,506$33,829$29,224
6 years$33,905$31,958$30,123$28,395$26,768$22,374
7 years$28,769$26,838$25,032$23,345$21,769$17,589
8 years$24,919$23,005$21,229$19,583$18,060$14,089
9 years$21,926$20,030$18,285$16,681$15,209$11,446
10 years$19,533$17,656$15,941$14,379$12,959$9,399
11 years$17,576$15,718$14,034$12,514$11,145$7,782
12 years$15,947$14,107$12,455$10,976$9,658$6,487
13 years$14,569$12,749$11,128$9,691$8,422$5,437
14 years$13,389$11,588$9,998$8,602$7,383$4,576
15 years$12,368$10,586$9,027$7,672$6,500$3,866
16 years$11,475$9,713$8,184$6,869$5,745$3,276
17 years$10,688$8,945$7,448$6,172$5,094$2,783
18 years$9,989$8,266$6,799$5,562$4,529$2,368
19 years$9,364$7,660$6,224$5,026$4,037$2,020
20 years$8,803$7,118$5,712$4,552$3,606$1,725
21 years$8,295$6,631$5,254$4,131$3,227$1,475
22 years$7,835$6,189$4,842$3,756$2,892$1,262
23 years$7,415$5,789$4,471$3,421$2,596$1,081
24 years$7,030$5,424$4,135$3,120$2,334$927
25 years$6,677$5,090$3,830$2,849$2,100$795
26 years$6,352$4,784$3,552$2,605$1,892$683
27 years$6,051$4,502$3,298$2,385$1,705$586
28 years$5,773$4,242$3,066$2,185$1,539$504
29 years$5,513$4,002$2,853$2,004$1,390$433
30 years$5,272$3,780$2,658$1,839$1,256$372
31 years$5,047$3,573$2,478$1,689$1,135$320
32 years$4,836$3,381$2,312$1,552$1,027$275
33 years$4,638$3,202$2,159$1,427$929$237
34 years$4,453$3,034$2,017$1,313$841$204
35 years$4,278$2,878$1,886$1,209$762$175
36 years$4,114$2,732$1,764$1,113$690$151
37 years$3,958$2,594$1,651$1,026$626$130
38 years$3,811$2,466$1,546$945$567$112
39 years$3,673$2,345$1,448$872$514$96
40 years$3,541$2,231$1,358$804$467$83
41 years$3,416$2,123$1,273$742$423$71
42 years$3,297$2,022$1,194$685$384$61
43 years$3,185$1,927$1,121$632$349$53
44 years$3,077$1,837$1,052$584$316$46
45 years$2,975$1,751$988$539$287$39
46 years$2,877$1,671$928$498$261$34
47 years$2,784$1,594$871$460$237$29
48 years$2,695$1,522$819$425$215$25
49 years$2,610$1,454$770$393$195$22
50 years$2,529$1,388$724$363$177$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,590,000, adding $5,134 every year, while hoping to spend $27,536 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$2,590,000$2,590,000$2,590,000$2,590,000
61$2,859,476$2,722,206$2,682,061$3,101,296
62$3,121,844$2,826,296$2,742,612$3,363,860
63$3,410,051$2,934,563$2,804,268$3,647,954
64$3,726,704$3,047,184$2,867,038$3,959,176
65$4,074,672$3,164,341$2,930,929$4,300,232
66$4,457,121$3,286,226$2,995,947$4,674,105
67$4,877,535$3,413,038$3,062,099$5,084,079
68$5,339,753$3,544,987$3,129,389$5,533,769
69$5,848,006$3,682,290$3,197,822$6,027,159
70$6,406,954$3,825,173$3,267,400$6,568,637
71$7,021,732$3,973,875$3,338,127$7,163,034
72$7,697,998$4,128,644$3,410,003$7,815,674
73$8,441,984$4,289,738$3,483,028$8,532,420
74$9,260,558$4,457,427$3,557,202$9,319,731
75$10,161,288$4,631,994$3,632,521$10,184,721
76$11,152,511$4,813,733$3,708,982$11,135,228
77$12,243,415$5,002,953$3,786,580$12,179,886
78$13,444,121$5,199,976$3,865,308$13,328,207
79$14,765,783$5,405,136$3,945,158$14,590,669
80$16,220,691$5,618,786$4,026,119$15,978,818
81$17,822,387$5,841,292$4,108,179$17,505,372
82$19,585,792$6,073,037$4,191,325$19,184,344
83$21,527,348$6,314,421$4,275,540$21,031,170
84$23,665,173$6,565,864$4,360,806$23,062,862
85$26,019,230$6,827,800$4,447,102$25,298,158
86$28,611,518$7,100,689$4,534,407$27,757,706
87$31,466,276$7,385,006$4,622,693$30,464,256
88$34,610,216$7,681,251$4,711,932$33,442,874
89$38,072,770$7,989,945$4,802,095$36,721,176
90$41,886,373$8,311,632$4,893,145$40,329,593
91$46,086,764$8,646,883$4,985,046$44,301,653
92$50,713,327$8,996,293$5,077,758$48,674,303
93$55,809,458$9,360,484$5,171,235$53,488,247
94$61,422,982$9,740,106$5,265,430$58,788,340
95$67,606,595$10,135,840$5,360,291$64,624,006
96$74,418,368$10,548,397$5,455,761$71,049,702
97$81,922,293$10,978,519$5,551,780$78,125,437
98$90,188,885$11,426,986$5,648,284$85,917,333
99$99,295,852$11,894,608$5,745,202$94,498,249
100$109,328,821$12,382,237$5,842,459$103,948,470