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

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$213,880$211,975$210,116$208,302$206,530$204,373
2 years$105,881$103,909$101,998$100,145$98,348$96,176
3 years$69,886$67,906$65,999$64,164$62,396$60,276
4 years$51,892$49,918$48,031$46,226$44,501$42,450
5 years$41,099$39,136$37,274$35,506$33,829$31,852
6 years$33,905$31,958$30,123$28,395$26,768$24,868
7 years$28,769$26,838$25,032$23,345$21,769$19,947
8 years$24,919$23,005$21,229$19,583$18,060$16,316
9 years$21,926$20,030$18,285$16,681$15,209$13,542
10 years$19,533$17,656$15,941$14,379$12,959$11,368
11 years$17,576$15,718$14,034$12,514$11,145$9,628
12 years$15,947$14,107$12,455$10,976$9,658$8,215
13 years$14,569$12,749$11,128$9,691$8,422$7,050
14 years$13,389$11,588$9,998$8,602$7,383$6,080
15 years$12,368$10,586$9,027$7,672$6,500$5,265
16 years$11,475$9,713$8,184$6,869$5,745$4,576
17 years$10,688$8,945$7,448$6,172$5,094$3,988
18 years$9,989$8,266$6,799$5,562$4,529$3,484
19 years$9,364$7,660$6,224$5,026$4,037$3,051
20 years$8,803$7,118$5,712$4,552$3,606$2,676
21 years$8,295$6,631$5,254$4,131$3,227$2,352
22 years$7,835$6,189$4,842$3,756$2,892$2,069
23 years$7,415$5,789$4,471$3,421$2,596$1,823
24 years$7,030$5,424$4,135$3,120$2,334$1,608
25 years$6,677$5,090$3,830$2,849$2,100$1,419
26 years$6,352$4,784$3,552$2,605$1,892$1,254
27 years$6,051$4,502$3,298$2,385$1,705$1,108
28 years$5,773$4,242$3,066$2,185$1,539$980
29 years$5,513$4,002$2,853$2,004$1,390$868
30 years$5,272$3,780$2,658$1,839$1,256$768
31 years$5,047$3,573$2,478$1,689$1,135$681
32 years$4,836$3,381$2,312$1,552$1,027$603
33 years$4,638$3,202$2,159$1,427$929$535
34 years$4,453$3,034$2,017$1,313$841$474
35 years$4,278$2,878$1,886$1,209$762$421
36 years$4,114$2,732$1,764$1,113$690$373
37 years$3,958$2,594$1,651$1,026$626$331
38 years$3,811$2,466$1,546$945$567$294
39 years$3,673$2,345$1,448$872$514$261
40 years$3,541$2,231$1,358$804$467$232
41 years$3,416$2,123$1,273$742$423$206
42 years$3,297$2,022$1,194$685$384$183
43 years$3,185$1,927$1,121$632$349$162
44 years$3,077$1,837$1,052$584$316$144
45 years$2,975$1,751$988$539$287$128
46 years$2,877$1,671$928$498$261$114
47 years$2,784$1,594$871$460$237$101
48 years$2,695$1,522$819$425$215$90
49 years$2,610$1,454$770$393$195$80
50 years$2,529$1,388$724$363$177$71

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 $3,772 every year, while hoping to spend $42,462 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: 70/19/11 Blend
60$2,590,000$2,590,000$2,590,000$2,590,000
61$2,858,071$2,720,801$2,680,656$3,051,421
62$3,104,415$2,808,941$2,725,279$3,268,232
63$3,374,463$2,899,977$2,769,973$3,499,892
64$3,670,588$2,994,005$2,814,697$3,752,272
65$3,995,403$3,091,127$2,859,404$4,027,402
66$4,351,788$3,191,445$2,904,048$4,327,519
67$4,742,912$3,295,069$2,948,576$4,655,084
68$5,172,270$3,402,108$2,992,934$5,012,807
69$5,643,708$3,512,677$3,037,063$5,403,674
70$6,161,464$3,626,896$3,080,903$5,830,969
71$6,730,207$3,744,889$3,124,388$6,298,312
72$7,355,081$3,866,781$3,167,447$6,809,689
73$8,041,752$3,992,705$3,210,009$7,369,487
74$8,796,461$4,122,798$3,251,995$7,982,540
75$9,626,086$4,257,201$3,293,322$8,654,173
76$10,538,202$4,396,060$3,333,905$9,390,249
77$11,541,158$4,539,526$3,373,649$10,197,227
78$12,644,149$4,687,755$3,412,459$11,082,221
79$13,857,307$4,840,910$3,450,232$12,053,068
80$15,191,796$4,999,159$3,486,858$13,118,401
81$16,659,916$5,162,674$3,522,225$14,287,730
82$18,275,219$5,331,637$3,556,211$15,571,531
83$20,052,637$5,506,232$3,588,689$16,981,345
84$22,008,621$5,686,653$3,619,526$18,529,887
85$24,161,301$5,873,099$3,648,580$20,231,165
86$26,530,649$6,065,777$3,675,703$22,100,611
87$29,138,675$6,264,900$3,700,739$24,155,229
88$32,009,630$6,470,689$3,723,523$26,413,750
89$35,170,234$6,683,375$3,743,884$28,896,814
90$38,649,932$6,903,195$3,761,638$31,627,162
91$42,481,168$7,130,394$3,776,596$34,629,847
92$46,699,692$7,365,228$3,788,556$37,932,476
93$51,344,896$7,607,960$3,797,309$41,565,465
94$56,460,190$7,858,864$3,802,632$45,562,329
95$62,093,403$8,118,223$3,804,295$49,959,996
96$68,297,245$8,386,330$3,802,053$54,799,155
97$75,129,792$8,663,489$3,795,651$60,124,640
98$82,655,047$8,950,015$3,784,820$65,985,853
99$90,943,530$9,246,235$3,769,281$72,437,229
100$100,072,955$9,552,486$3,748,737$79,538,749