Can I retire at age 61 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$215,531$213,612$211,738$209,910$208,125$201,867
2 years$106,699$104,712$102,786$100,918$99,107$92,855
3 years$70,426$68,430$66,509$64,659$62,878$56,828
4 years$52,293$50,303$48,402$46,583$44,845$39,043
5 years$41,416$39,438$37,562$35,781$34,090$28,553
6 years$34,167$32,204$30,355$28,614$26,975$21,706
7 years$28,992$27,045$25,225$23,525$21,938$16,937
8 years$25,112$23,183$21,393$19,735$18,199$13,465
9 years$22,095$20,185$18,426$16,810$15,326$10,853
10 years$19,684$17,792$16,064$14,490$13,059$8,839
11 years$17,712$15,839$14,143$12,611$11,231$7,258
12 years$16,070$14,216$12,551$11,061$9,733$5,999
13 years$14,682$12,847$11,214$9,765$8,487$4,984
14 years$13,493$11,678$10,076$8,669$7,440$4,158
15 years$12,463$10,668$9,097$7,731$6,550$3,480
16 years$11,563$9,788$8,248$6,922$5,789$2,922
17 years$10,770$9,014$7,505$6,220$5,133$2,458
18 years$10,066$8,329$6,851$5,605$4,564$2,072
19 years$9,436$7,720$6,272$5,065$4,068$1,750
20 years$8,871$7,173$5,756$4,587$3,634$1,480
21 years$8,359$6,682$5,294$4,163$3,252$1,253
22 years$7,895$6,237$4,880$3,785$2,915$1,061
23 years$7,472$5,834$4,505$3,447$2,617$900
24 years$7,085$5,466$4,167$3,144$2,352$764
25 years$6,729$5,129$3,859$2,871$2,116$648
26 years$6,401$4,821$3,579$2,625$1,906$551
27 years$6,098$4,537$3,324$2,403$1,719$468
28 years$5,817$4,275$3,090$2,202$1,551$398
29 years$5,556$4,033$2,875$2,019$1,400$338
30 years$5,313$3,809$2,678$1,853$1,265$288
31 years$5,086$3,600$2,497$1,702$1,144$245
32 years$4,873$3,407$2,330$1,564$1,035$208
33 years$4,674$3,226$2,175$1,438$936$177
34 years$4,487$3,058$2,032$1,323$848$151
35 years$4,311$2,900$1,900$1,218$768$128
36 years$4,145$2,753$1,778$1,122$696$109
37 years$3,989$2,615$1,664$1,034$631$93
38 years$3,841$2,485$1,558$953$572$79
39 years$3,701$2,363$1,460$879$518$68
40 years$3,568$2,248$1,368$810$470$57
41 years$3,442$2,140$1,283$748$427$49
42 years$3,323$2,038$1,203$690$387$42
43 years$3,209$1,942$1,129$637$351$36
44 years$3,101$1,851$1,060$588$319$30
45 years$2,998$1,765$995$543$290$26
46 years$2,900$1,684$935$502$263$22
47 years$2,806$1,607$878$463$239$19
48 years$2,716$1,534$825$428$217$16
49 years$2,630$1,465$776$396$197$14
50 years$2,548$1,399$729$366$179$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,610,000, adding $5,200 every year, while hoping to spend $49,317 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: 33/38/29 Blend
60$2,610,000$2,610,000$2,610,000$2,610,000
61$2,881,584$2,743,254$2,702,799$2,951,169
62$3,123,032$2,825,200$2,740,870$3,086,636
63$3,387,456$2,909,509$2,778,563$3,227,803
64$3,677,146$2,996,245$2,815,814$3,378,997
65$3,994,625$3,085,471$2,852,554$3,541,139
66$4,342,673$3,177,256$2,888,711$3,715,247
67$4,724,351$3,271,666$2,924,209$3,902,437
68$5,143,030$3,368,773$2,958,965$4,103,939
69$5,602,424$3,468,647$2,992,894$4,321,107
70$6,106,621$3,571,362$3,025,907$4,555,429
71$6,660,129$3,676,990$3,057,907$4,808,545
72$7,267,909$3,785,610$3,088,794$5,082,261
73$7,935,429$3,897,298$3,118,461$5,378,564
74$8,668,711$4,012,134$3,146,798$5,699,643
75$9,474,390$4,130,199$3,173,686$6,047,906
76$10,359,774$4,251,575$3,199,001$6,426,008
77$11,332,915$4,376,347$3,222,612$6,836,872
78$12,402,685$4,504,600$3,244,382$7,283,718
79$13,578,857$4,636,424$3,264,167$7,770,090
80$14,872,198$4,771,906$3,281,814$8,299,895
81$16,294,571$4,911,138$3,297,164$8,877,435
82$17,859,047$5,054,213$3,310,048$9,507,451
83$19,580,025$5,201,225$3,320,290$10,195,165
84$21,473,373$5,352,271$3,327,706$10,946,328
85$23,556,573$5,507,447$3,332,099$11,767,281
86$25,848,885$5,666,854$3,333,266$12,665,005
87$28,371,534$5,830,593$3,330,994$13,647,195
88$31,147,904$5,998,766$3,325,055$14,722,330
89$34,203,762$6,171,477$3,315,216$15,899,750
90$37,567,499$6,348,832$3,301,229$17,189,748
91$41,270,398$6,530,939$3,282,834$18,603,667
92$45,346,929$6,717,906$3,259,760$20,154,003
93$49,835,076$6,909,843$3,231,722$21,854,529
94$54,776,690$7,106,862$3,198,421$23,720,419
95$60,217,890$7,309,076$3,159,546$25,768,398
96$66,209,493$7,516,598$3,114,768$28,016,891
97$72,807,494$7,729,545$3,063,746$30,486,207
98$80,073,597$7,948,032$3,006,121$33,198,724
99$88,075,795$8,172,176$2,941,517$36,179,102
100$96,889,010$8,402,096$2,869,541$39,454,517