Can I retire at age 61 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$216,357$214,430$212,550$210,714$208,922$207,345
2 years$107,108$105,113$103,179$101,305$99,487$97,897
3 years$70,696$68,692$66,764$64,907$63,119$61,565
4 years$52,493$50,496$48,587$46,762$45,017$43,511
5 years$41,575$39,590$37,706$35,918$34,221$32,768
6 years$34,298$32,328$30,472$28,724$27,078$25,680
7 years$29,103$27,149$25,322$23,615$22,022$20,679
8 years$25,208$23,272$21,475$19,810$18,269$16,981
9 years$22,180$20,262$18,497$16,874$15,385$14,152
10 years$19,759$17,860$16,126$14,546$13,109$11,930
11 years$17,780$15,900$14,197$12,659$11,274$10,149
12 years$16,132$14,271$12,599$11,104$9,770$8,697
13 years$14,738$12,897$11,257$9,803$8,520$7,498
14 years$13,544$11,723$10,114$8,702$7,468$6,496
15 years$12,511$10,709$9,132$7,761$6,576$5,652
16 years$11,608$9,825$8,279$6,949$5,812$4,935
17 years$10,811$9,049$7,534$6,243$5,153$4,322
18 years$10,104$8,361$6,877$5,627$4,582$3,795
19 years$9,472$7,749$6,296$5,084$4,084$3,340
20 years$8,905$7,201$5,778$4,605$3,648$2,945
21 years$8,391$6,707$5,315$4,179$3,264$2,601
22 years$7,925$6,261$4,898$3,800$2,926$2,301
23 years$7,501$5,856$4,523$3,460$2,627$2,038
24 years$7,112$5,487$4,183$3,156$2,361$1,807
25 years$6,755$5,149$3,874$2,882$2,124$1,604
26 years$6,426$4,839$3,593$2,635$1,914$1,425
27 years$6,121$4,554$3,336$2,412$1,725$1,266
28 years$5,839$4,291$3,102$2,210$1,557$1,127
29 years$5,577$4,048$2,886$2,027$1,406$1,003
30 years$5,333$3,823$2,689$1,860$1,270$893
31 years$5,105$3,614$2,506$1,708$1,148$796
32 years$4,892$3,420$2,339$1,570$1,039$709
33 years$4,692$3,239$2,184$1,444$940$633
34 years$4,504$3,070$2,040$1,328$851$564
35 years$4,328$2,911$1,907$1,223$771$503
36 years$4,161$2,763$1,784$1,126$698$449
37 years$4,004$2,625$1,670$1,038$633$401
38 years$3,856$2,494$1,564$956$574$358
39 years$3,715$2,372$1,465$882$520$320
40 years$3,582$2,257$1,373$813$472$286
41 years$3,456$2,148$1,288$750$428$255
42 years$3,336$2,046$1,208$693$389$228
43 years$3,222$1,949$1,134$639$353$204
44 years$3,113$1,858$1,064$590$320$182
45 years$3,009$1,772$999$545$291$163
46 years$2,911$1,690$938$504$264$145
47 years$2,817$1,613$882$465$240$130
48 years$2,726$1,540$828$430$218$116
49 years$2,640$1,470$779$397$198$104
50 years$2,558$1,405$732$367$180$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,620,000, adding $3,703 every year, while hoping to spend $36,229 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: 43/44/13 Blend
60$2,620,000$2,620,000$2,620,000$2,620,000
61$2,891,060$2,752,200$2,711,590$3,004,312
62$3,147,400$2,848,510$2,763,881$3,180,216
63$3,428,674$2,948,325$2,816,709$3,366,754
64$3,737,384$3,051,779$2,870,055$3,568,044
65$4,076,291$3,159,010$2,923,895$3,785,456
66$4,448,434$3,270,163$2,978,207$4,020,494
67$4,857,161$3,385,388$3,032,964$4,274,809
68$5,306,161$3,504,841$3,088,137$4,550,218
69$5,799,495$3,628,684$3,143,696$4,848,717
70$6,341,641$3,757,087$3,199,607$5,172,501
71$6,937,530$3,890,226$3,255,835$5,523,984
72$7,592,594$4,028,283$3,312,342$5,905,818
73$8,312,819$4,171,449$3,369,086$6,320,923
74$9,104,799$4,319,923$3,426,022$6,772,509
75$9,975,799$4,473,910$3,483,105$7,264,108
76$10,933,824$4,633,625$3,540,282$7,799,605
77$11,987,694$4,799,291$3,597,501$8,383,275
78$13,147,124$4,971,142$3,654,703$9,019,822
79$14,422,822$5,149,420$3,711,827$9,714,424
80$15,826,584$5,334,375$3,768,807$10,472,778
81$17,371,407$5,526,271$3,825,574$11,301,154
82$19,071,614$5,725,382$3,882,054$12,206,457
83$20,942,983$5,931,991$3,938,168$13,196,283
84$23,002,904$6,146,394$3,993,832$14,278,999
85$25,270,534$6,368,902$4,048,960$15,463,813
86$27,766,985$6,599,834$4,103,456$16,760,864
87$30,515,517$6,839,526$4,157,222$18,181,318
88$33,541,763$7,088,326$4,210,152$19,737,467
89$36,873,967$7,346,598$4,262,136$21,442,847
90$40,543,250$7,614,720$4,313,056$23,312,365
91$44,583,906$7,893,086$4,362,788$25,362,437
92$49,033,725$8,182,107$4,411,202$27,611,141
93$53,934,346$8,482,212$4,458,158$30,078,389
94$59,331,655$8,793,846$4,503,512$32,786,111
95$65,276,214$9,117,474$4,547,110$35,758,460
96$71,823,738$9,453,581$4,588,789$39,022,039
97$79,035,625$9,802,671$4,628,378$42,606,152
98$86,979,529$10,165,272$4,665,699$46,543,077
99$95,730,002$10,541,932$4,700,561$50,868,370
100$105,369,198$10,933,223$4,732,766$55,621,198