Can I retire at age 61 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$214,706$212,793$210,927$209,106$207,328$202,562
2 years$106,290$104,310$102,392$100,532$98,727$93,953
3 years$70,156$68,168$66,254$64,412$62,637$58,002
4 years$52,093$50,111$48,216$46,405$44,673$40,214
5 years$41,257$39,287$37,418$35,643$33,960$29,688
6 years$34,036$32,081$30,239$28,504$26,871$22,792
7 years$28,880$26,942$25,129$23,435$21,853$17,968
8 years$25,015$23,094$21,311$19,659$18,130$14,435
9 years$22,011$20,107$18,355$16,745$15,268$11,762
10 years$19,608$17,724$16,003$14,434$13,009$9,688
11 years$17,644$15,778$14,088$12,562$11,188$8,048
12 years$16,008$14,162$12,503$11,019$9,695$6,731
13 years$14,625$12,798$11,171$9,728$8,455$5,660
14 years$13,441$11,633$10,037$8,635$7,411$4,780
15 years$12,415$10,627$9,062$7,701$6,525$4,052
16 years$11,519$9,750$8,216$6,896$5,767$3,446
17 years$10,729$8,980$7,476$6,196$5,114$2,938
18 years$10,027$8,298$6,825$5,584$4,547$2,510
19 years$9,400$7,690$6,248$5,045$4,053$2,148
20 years$8,837$7,146$5,734$4,569$3,620$1,841
21 years$8,327$6,656$5,274$4,147$3,239$1,580
22 years$7,865$6,213$4,861$3,771$2,904$1,358
23 years$7,443$5,811$4,488$3,434$2,606$1,168
24 years$7,058$5,445$4,151$3,132$2,343$1,005
25 years$6,703$5,110$3,845$2,860$2,108$866
26 years$6,377$4,802$3,566$2,615$1,899$746
27 years$6,075$4,519$3,311$2,394$1,712$644
28 years$5,795$4,259$3,078$2,193$1,545$555
29 years$5,535$4,018$2,864$2,011$1,395$479
30 years$5,292$3,794$2,668$1,846$1,260$414
31 years$5,066$3,587$2,487$1,695$1,140$357
32 years$4,855$3,394$2,321$1,558$1,031$308
33 years$4,656$3,214$2,167$1,433$933$267
34 years$4,470$3,046$2,025$1,318$845$230
35 years$4,295$2,889$1,893$1,213$765$199
36 years$4,129$2,742$1,771$1,118$693$172
37 years$3,974$2,604$1,657$1,030$628$149
38 years$3,826$2,475$1,552$949$570$129
39 years$3,687$2,354$1,454$875$516$111
40 years$3,555$2,239$1,363$807$468$96
41 years$3,429$2,132$1,278$745$425$83
42 years$3,310$2,030$1,199$687$386$72
43 years$3,197$1,934$1,125$634$350$62
44 years$3,089$1,844$1,056$586$318$54
45 years$2,986$1,758$991$541$288$46
46 years$2,889$1,677$931$500$262$40
47 years$2,795$1,601$875$462$238$35
48 years$2,706$1,528$822$427$216$30
49 years$2,620$1,459$773$394$196$26
50 years$2,539$1,394$726$364$178$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,600,000, adding $5,509 every year, while hoping to spend $35,428 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: 57/24/19 Blend
60$2,600,000$2,600,000$2,600,000$2,600,000
61$2,870,883$2,733,083$2,692,783$3,019,732
62$3,126,017$2,829,308$2,745,296$3,217,838
63$3,405,989$2,929,062$2,798,381$3,429,328
64$3,713,292$3,032,479$2,852,019$3,659,020
65$4,050,677$3,139,700$2,906,191$3,908,673
66$4,421,173$3,250,871$2,960,874$4,180,221
67$4,828,114$3,366,146$3,016,046$4,475,795
68$5,275,177$3,485,682$3,071,678$4,797,738
69$5,766,410$3,609,646$3,127,745$5,148,629
70$6,306,274$3,738,208$3,184,214$5,531,307
71$6,899,682$3,871,548$3,241,053$5,948,897
72$7,552,048$4,009,852$3,298,227$6,404,840
73$8,269,336$4,153,314$3,355,697$6,902,924
74$9,058,117$4,302,136$3,413,421$7,447,319
75$9,925,631$4,456,526$3,471,357$8,042,616
76$10,879,855$4,616,705$3,529,457$8,693,873
77$11,929,576$4,782,900$3,587,670$9,406,657
78$13,084,478$4,955,348$3,645,942$10,187,100
79$14,355,230$5,134,295$3,704,216$11,041,953
80$15,753,587$5,319,999$3,762,431$11,978,655
81$17,292,501$5,512,727$3,820,521$13,005,395
82$18,986,244$5,712,758$3,878,416$14,131,194
83$20,850,541$5,920,383$3,936,043$15,365,989
84$22,902,718$6,135,905$3,993,323$16,720,725
85$25,161,869$6,359,637$4,050,172$18,207,457
86$27,649,029$6,591,910$4,106,503$19,839,465
87$30,387,381$6,833,064$4,162,221$21,631,378
88$33,402,466$7,083,456$4,217,228$23,599,311
89$36,722,430$7,343,458$4,271,418$25,761,015
90$40,378,288$7,613,457$4,324,680$28,136,048
91$44,404,213$7,893,856$4,376,897$30,745,956
92$48,837,864$8,185,076$4,427,944$33,614,473
93$53,720,736$8,487,556$4,477,690$36,767,751
94$59,098,556$8,801,751$4,525,998$40,234,599
95$65,021,710$9,128,138$4,572,720$44,046,759
96$71,545,722$9,467,214$4,617,703$48,239,203
97$78,731,774$9,819,496$4,660,785$52,850,460
98$86,647,288$10,185,524$4,701,794$57,922,983
99$95,366,557$10,565,861$4,740,551$63,503,546
100$104,971,452$10,961,094$4,776,865$69,643,684