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

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$214,706$212,793$210,927$209,106$207,328$201,013
2 years$106,290$104,310$102,392$100,532$98,727$92,420
3 years$70,156$68,168$66,254$64,412$62,637$56,534
4 years$52,093$50,111$48,216$46,405$44,673$38,822
5 years$41,257$39,287$37,418$35,643$33,960$28,376
6 years$34,036$32,081$30,239$28,504$26,871$21,559
7 years$28,880$26,942$25,129$23,435$21,853$16,814
8 years$25,015$23,094$21,311$19,659$18,130$13,359
9 years$22,011$20,107$18,355$16,745$15,268$10,760
10 years$19,608$17,724$16,003$14,434$13,009$8,759
11 years$17,644$15,778$14,088$12,562$11,188$7,188
12 years$16,008$14,162$12,503$11,019$9,695$5,937
13 years$14,625$12,798$11,171$9,728$8,455$4,928
14 years$13,441$11,633$10,037$8,635$7,411$4,109
15 years$12,415$10,627$9,062$7,701$6,525$3,437
16 years$11,519$9,750$8,216$6,896$5,767$2,883
17 years$10,729$8,980$7,476$6,196$5,114$2,424
18 years$10,027$8,298$6,825$5,584$4,547$2,042
19 years$9,400$7,690$6,248$5,045$4,053$1,723
20 years$8,837$7,146$5,734$4,569$3,620$1,456
21 years$8,327$6,656$5,274$4,147$3,239$1,231
22 years$7,865$6,213$4,861$3,771$2,904$1,043
23 years$7,443$5,811$4,488$3,434$2,606$883
24 years$7,058$5,445$4,151$3,132$2,343$749
25 years$6,703$5,110$3,845$2,860$2,108$635
26 years$6,377$4,802$3,566$2,615$1,899$539
27 years$6,075$4,519$3,311$2,394$1,712$458
28 years$5,795$4,259$3,078$2,193$1,545$389
29 years$5,535$4,018$2,864$2,011$1,395$331
30 years$5,292$3,794$2,668$1,846$1,260$281
31 years$5,066$3,587$2,487$1,695$1,140$239
32 years$4,855$3,394$2,321$1,558$1,031$203
33 years$4,656$3,214$2,167$1,433$933$173
34 years$4,470$3,046$2,025$1,318$845$147
35 years$4,295$2,889$1,893$1,213$765$125
36 years$4,129$2,742$1,771$1,118$693$106
37 years$3,974$2,604$1,657$1,030$628$90
38 years$3,826$2,475$1,552$949$570$77
39 years$3,687$2,354$1,454$875$516$65
40 years$3,555$2,239$1,363$807$468$56
41 years$3,429$2,132$1,278$745$425$47
42 years$3,310$2,030$1,199$687$386$40
43 years$3,197$1,934$1,125$634$350$34
44 years$3,089$1,844$1,056$586$318$29
45 years$2,986$1,758$991$541$288$25
46 years$2,889$1,677$931$500$262$21
47 years$2,795$1,601$875$462$238$18
48 years$2,706$1,528$822$427$216$15
49 years$2,620$1,459$773$394$196$13
50 years$2,539$1,394$726$364$178$11

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 $2,333 every year, while hoping to spend $47,148 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: 40/48/12 Blend
60$2,600,000$2,600,000$2,600,000$2,600,000
61$2,867,606$2,729,806$2,689,506$2,971,941
62$3,109,937$2,813,402$2,729,440$3,129,398
63$3,375,406$2,899,513$2,769,131$3,294,806
64$3,666,322$2,988,214$2,808,521$3,472,701
65$3,985,230$3,079,580$2,847,550$3,664,235
66$4,334,932$3,173,689$2,886,152$3,870,676
67$4,718,516$3,270,620$2,924,259$4,093,414
68$5,139,379$3,370,455$2,961,796$4,333,981
69$5,601,267$3,473,279$2,998,688$4,594,061
70$6,108,305$3,579,177$3,034,852$4,875,504
71$6,665,035$3,688,240$3,070,203$5,180,349
72$7,276,463$3,800,558$3,104,648$5,510,835
73$7,948,101$3,916,225$3,138,093$5,869,429
74$8,686,024$4,035,336$3,170,436$6,258,843
75$9,496,922$4,157,991$3,201,570$6,682,065
76$10,388,167$4,284,292$3,231,381$7,142,379
77$11,367,880$4,414,342$3,259,752$7,643,404
78$12,445,007$4,548,248$3,286,557$8,189,123
79$13,629,406$4,686,120$3,311,665$8,783,918
80$14,931,936$4,828,071$3,334,936$9,432,617
81$16,364,562$4,974,215$3,356,225$10,140,535
82$17,940,468$5,124,672$3,375,380$10,913,522
83$19,674,178$5,279,563$3,392,237$11,758,024
84$21,581,695$5,439,013$3,406,628$12,681,136
85$23,680,653$5,603,150$3,418,375$13,690,673
86$25,990,480$5,772,104$3,427,291$14,795,243
87$28,532,583$5,946,011$3,433,179$16,004,325
88$31,330,549$6,125,008$3,435,833$17,328,360
89$34,410,368$6,309,237$3,435,037$18,778,851
90$37,800,678$6,498,842$3,430,563$20,368,464
91$41,533,034$6,693,972$3,422,174$22,111,155
92$45,642,206$6,894,779$3,409,619$24,022,297
93$50,166,507$7,101,419$3,392,637$26,118,824
94$55,148,153$7,314,052$3,370,953$28,419,392
95$60,633,664$7,532,840$3,344,280$30,944,553
96$66,674,300$7,757,951$3,312,315$33,716,949
97$73,326,545$7,989,557$3,274,744$36,761,528
98$80,652,640$8,227,833$3,231,236$40,105,771
99$88,721,171$8,472,958$3,181,443$43,779,959
100$97,607,714$8,725,116$3,125,005$47,817,454