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%14.6%
1 years$215,531$213,612$211,738$209,910$208,125$204,173
2 years$106,699$104,712$102,786$100,918$99,107$95,141
3 years$70,426$68,430$66,509$64,659$62,878$59,021
4 years$52,293$50,303$48,402$46,583$44,845$41,128
5 years$41,416$39,438$37,562$35,781$34,090$30,523
6 years$34,167$32,204$30,355$28,614$26,975$23,561
7 years$28,992$27,045$25,225$23,525$21,938$18,678
8 years$25,112$23,183$21,393$19,735$18,199$15,094
9 years$22,095$20,185$18,426$16,810$15,326$12,373
10 years$19,684$17,792$16,064$14,490$13,059$10,254
11 years$17,712$15,839$14,143$12,611$11,231$8,572
12 years$16,070$14,216$12,551$11,061$9,733$7,216
13 years$14,682$12,847$11,214$9,765$8,487$6,108
14 years$13,493$11,678$10,076$8,669$7,440$5,194
15 years$12,463$10,668$9,097$7,731$6,550$4,434
16 years$11,563$9,788$8,248$6,922$5,789$3,797
17 years$10,770$9,014$7,505$6,220$5,133$3,261
18 years$10,066$8,329$6,851$5,605$4,564$2,806
19 years$9,436$7,720$6,272$5,065$4,068$2,420
20 years$8,871$7,173$5,756$4,587$3,634$2,090
21 years$8,359$6,682$5,294$4,163$3,252$1,807
22 years$7,895$6,237$4,880$3,785$2,915$1,565
23 years$7,472$5,834$4,505$3,447$2,617$1,357
24 years$7,085$5,466$4,167$3,144$2,352$1,177
25 years$6,729$5,129$3,859$2,871$2,116$1,022
26 years$6,401$4,821$3,579$2,625$1,906$888
27 years$6,098$4,537$3,324$2,403$1,719$772
28 years$5,817$4,275$3,090$2,202$1,551$671
29 years$5,556$4,033$2,875$2,019$1,400$584
30 years$5,313$3,809$2,678$1,853$1,265$508
31 years$5,086$3,600$2,497$1,702$1,144$443
32 years$4,873$3,407$2,330$1,564$1,035$386
33 years$4,674$3,226$2,175$1,438$936$336
34 years$4,487$3,058$2,032$1,323$848$293
35 years$4,311$2,900$1,900$1,218$768$255
36 years$4,145$2,753$1,778$1,122$696$222
37 years$3,989$2,615$1,664$1,034$631$194
38 years$3,841$2,485$1,558$953$572$169
39 years$3,701$2,363$1,460$879$518$147
40 years$3,568$2,248$1,368$810$470$128
41 years$3,442$2,140$1,283$748$427$112
42 years$3,323$2,038$1,203$690$387$98
43 years$3,209$1,942$1,129$637$351$85
44 years$3,101$1,851$1,060$588$319$74
45 years$2,998$1,765$995$543$290$65
46 years$2,900$1,684$935$502$263$57
47 years$2,806$1,607$878$463$239$49
48 years$2,716$1,534$825$428$217$43
49 years$2,630$1,465$776$396$197$38
50 years$2,548$1,399$729$366$179$33

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 $4,625 every year, while hoping to spend $39,199 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: 47/24/29 Blend
60$2,610,000$2,610,000$2,610,000$2,610,000
61$2,880,991$2,742,661$2,702,206$2,992,233
62$3,133,144$2,835,344$2,751,022$3,164,025
63$3,409,704$2,931,254$2,800,160$3,346,231
64$3,713,117$3,030,509$2,849,589$3,543,278
65$4,046,081$3,133,230$2,899,276$3,756,583
66$4,411,565$3,239,542$2,949,186$3,987,706
67$4,812,841$3,349,576$2,999,280$4,238,362
68$5,253,513$3,463,468$3,049,518$4,510,441
69$5,737,552$3,581,358$3,099,857$4,806,021
70$6,269,330$3,703,392$3,150,250$5,127,390
71$6,853,665$3,829,722$3,200,647$5,477,067
72$7,495,866$3,960,505$3,250,996$5,857,826
73$8,201,780$4,095,906$3,301,240$6,272,718
74$8,977,849$4,236,093$3,351,319$6,725,107
75$9,831,171$4,381,243$3,401,170$7,218,693
76$10,769,566$4,531,539$3,450,724$7,757,552
77$11,801,649$4,687,171$3,499,910$8,346,174
78$12,936,912$4,848,338$3,548,653$8,989,502
79$14,185,814$5,015,244$3,596,870$9,692,979
80$15,559,879$5,188,102$3,644,476$10,462,604
81$17,071,802$5,367,135$3,691,382$11,304,980
82$18,735,573$5,552,571$3,737,490$12,227,383
83$20,566,605$5,744,652$3,782,700$13,237,826
84$22,581,883$5,943,624$3,826,905$14,345,136
85$24,800,121$6,149,746$3,869,991$15,559,037
86$27,241,937$6,363,288$3,911,840$16,890,242
87$29,930,053$6,584,527$3,952,325$18,350,550
88$32,889,504$6,813,755$3,991,314$19,952,961
89$36,147,876$7,051,272$4,028,666$21,711,799
90$39,735,568$7,297,392$4,064,234$23,642,842
91$43,686,072$7,552,441$4,097,863$25,763,475
92$48,036,299$7,816,759$4,129,389$28,092,849
93$52,826,918$8,090,696$4,158,640$30,652,066
94$58,102,744$8,374,620$4,185,434$33,464,378
95$63,913,160$8,668,913$4,209,582$36,555,399
96$70,312,582$8,973,969$4,230,883$39,953,355
97$77,360,974$9,290,202$4,249,126$43,689,343
98$85,124,412$9,618,041$4,264,090$47,797,630
99$93,675,708$9,957,931$4,275,544$52,315,970
100$103,095,098$10,310,337$4,283,242$57,285,965