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%14.5%
1 years$215,531$213,612$211,738$209,910$208,125$204,257
2 years$106,699$104,712$102,786$100,918$99,107$95,225
3 years$70,426$68,430$66,509$64,659$62,878$59,102
4 years$52,293$50,303$48,402$46,583$44,845$41,205
5 years$41,416$39,438$37,562$35,781$34,090$30,596
6 years$34,167$32,204$30,355$28,614$26,975$23,630
7 years$28,992$27,045$25,225$23,525$21,938$18,744
8 years$25,112$23,183$21,393$19,735$18,199$15,156
9 years$22,095$20,185$18,426$16,810$15,326$12,431
10 years$19,684$17,792$16,064$14,490$13,059$10,309
11 years$17,712$15,839$14,143$12,611$11,231$8,623
12 years$16,070$14,216$12,551$11,061$9,733$7,263
13 years$14,682$12,847$11,214$9,765$8,487$6,152
14 years$13,493$11,678$10,076$8,669$7,440$5,236
15 years$12,463$10,668$9,097$7,731$6,550$4,472
16 years$11,563$9,788$8,248$6,922$5,789$3,833
17 years$10,770$9,014$7,505$6,220$5,133$3,293
18 years$10,066$8,329$6,851$5,605$4,564$2,836
19 years$9,436$7,720$6,272$5,065$4,068$2,448
20 years$8,871$7,173$5,756$4,587$3,634$2,115
21 years$8,359$6,682$5,294$4,163$3,252$1,831
22 years$7,895$6,237$4,880$3,785$2,915$1,587
23 years$7,472$5,834$4,505$3,447$2,617$1,376
24 years$7,085$5,466$4,167$3,144$2,352$1,195
25 years$6,729$5,129$3,859$2,871$2,116$1,038
26 years$6,401$4,821$3,579$2,625$1,906$903
27 years$6,098$4,537$3,324$2,403$1,719$786
28 years$5,817$4,275$3,090$2,202$1,551$684
29 years$5,556$4,033$2,875$2,019$1,400$595
30 years$5,313$3,809$2,678$1,853$1,265$519
31 years$5,086$3,600$2,497$1,702$1,144$452
32 years$4,873$3,407$2,330$1,564$1,035$394
33 years$4,674$3,226$2,175$1,438$936$344
34 years$4,487$3,058$2,032$1,323$848$300
35 years$4,311$2,900$1,900$1,218$768$261
36 years$4,145$2,753$1,778$1,122$696$228
37 years$3,989$2,615$1,664$1,034$631$199
38 years$3,841$2,485$1,558$953$572$174
39 years$3,701$2,363$1,460$879$518$151
40 years$3,568$2,248$1,368$810$470$132
41 years$3,442$2,140$1,283$748$427$115
42 years$3,323$2,038$1,203$690$387$101
43 years$3,209$1,942$1,129$637$351$88
44 years$3,101$1,851$1,060$588$319$77
45 years$2,998$1,765$995$543$290$67
46 years$2,900$1,684$935$502$263$59
47 years$2,806$1,607$878$463$239$51
48 years$2,716$1,534$825$428$217$45
49 years$2,630$1,465$776$396$197$39
50 years$2,548$1,399$729$366$179$34

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 $3,431 every year, while hoping to spend $41,756 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: 54/35/11 Blend
60$2,610,000$2,610,000$2,610,000$2,610,000
61$2,879,759$2,741,429$2,700,974$3,026,994
62$3,129,066$2,831,331$2,747,029$3,217,237
63$3,402,404$2,924,239$2,793,227$3,419,364
64$3,702,178$3,020,255$2,839,529$3,638,379
65$4,031,040$3,119,488$2,885,893$3,875,895
66$4,391,910$3,222,046$2,932,274$4,133,686
67$4,788,004$3,328,046$2,978,625$4,413,701
68$5,222,866$3,437,606$3,024,894$4,718,088
69$5,700,398$3,550,848$3,071,027$5,049,207
70$6,224,899$3,667,901$3,116,968$5,409,658
71$6,801,106$3,788,895$3,162,653$5,802,300
72$7,434,236$3,913,968$3,208,019$6,230,281
73$8,130,037$4,043,261$3,252,997$6,697,067
74$8,894,841$4,176,921$3,297,513$7,206,470
75$9,735,625$4,315,100$3,341,489$7,762,689
76$10,660,074$4,457,956$3,384,844$8,370,348
77$11,676,656$4,605,650$3,427,492$9,034,534
78$12,794,702$4,758,354$3,469,339$9,760,852
79$14,024,489$4,916,241$3,510,290$10,555,472
80$15,377,344$5,079,494$3,550,241$11,425,189
81$16,865,744$5,248,300$3,589,085$12,377,485
82$18,503,438$5,422,855$3,626,708$13,420,601
83$20,305,575$5,603,361$3,662,989$14,563,611
84$22,288,845$5,790,027$3,697,801$15,816,511
85$24,471,640$5,983,071$3,731,010$17,190,311
86$26,874,224$6,182,719$3,762,475$18,697,135
87$29,518,926$6,389,203$3,792,049$20,350,341
88$32,430,348$6,602,766$3,819,575$22,164,640
89$35,635,602$6,823,659$3,844,889$24,156,238
90$39,164,557$7,052,143$3,867,817$26,342,989
91$43,050,132$7,288,487$3,888,178$28,744,559
92$47,328,594$7,532,972$3,905,781$31,382,611
93$52,039,912$7,785,888$3,920,425$34,281,014
94$57,228,123$8,047,537$3,931,900$37,466,062
95$62,941,756$8,318,231$3,939,984$40,966,722
96$69,234,286$8,598,295$3,944,443$44,814,908
97$76,164,636$8,888,065$3,945,035$49,045,782
98$83,797,738$9,187,889$3,941,503$53,698,082
99$92,205,143$9,498,131$3,933,579$58,814,489
100$101,465,694$9,819,166$3,920,980$64,442,028