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%15.1%
1 years$216,357$214,430$212,550$210,714$208,922$204,537
2 years$107,108$105,113$103,179$101,305$99,487$95,089
3 years$70,696$68,692$66,764$64,907$63,119$58,846
4 years$52,493$50,496$48,587$46,762$45,017$40,902
5 years$41,575$39,590$37,706$35,918$34,221$30,276
6 years$34,298$32,328$30,472$28,724$27,078$23,307
7 years$29,103$27,149$25,322$23,615$22,022$18,425
8 years$25,208$23,272$21,475$19,810$18,269$14,846
9 years$22,180$20,262$18,497$16,874$15,385$12,133
10 years$19,759$17,860$16,126$14,546$13,109$10,025
11 years$17,780$15,900$14,197$12,659$11,274$8,354
12 years$16,132$14,271$12,599$11,104$9,770$7,009
13 years$14,738$12,897$11,257$9,803$8,520$5,914
14 years$13,544$11,723$10,114$8,702$7,468$5,012
15 years$12,511$10,709$9,132$7,761$6,576$4,264
16 years$11,608$9,825$8,279$6,949$5,812$3,638
17 years$10,811$9,049$7,534$6,243$5,153$3,113
18 years$10,104$8,361$6,877$5,627$4,582$2,669
19 years$9,472$7,749$6,296$5,084$4,084$2,293
20 years$8,905$7,201$5,778$4,605$3,648$1,973
21 years$8,391$6,707$5,315$4,179$3,264$1,700
22 years$7,925$6,261$4,898$3,800$2,926$1,466
23 years$7,501$5,856$4,523$3,460$2,627$1,266
24 years$7,112$5,487$4,183$3,156$2,361$1,094
25 years$6,755$5,149$3,874$2,882$2,124$946
26 years$6,426$4,839$3,593$2,635$1,914$819
27 years$6,121$4,554$3,336$2,412$1,725$709
28 years$5,839$4,291$3,102$2,210$1,557$614
29 years$5,577$4,048$2,886$2,027$1,406$532
30 years$5,333$3,823$2,689$1,860$1,270$461
31 years$5,105$3,614$2,506$1,708$1,148$400
32 years$4,892$3,420$2,339$1,570$1,039$347
33 years$4,692$3,239$2,184$1,444$940$301
34 years$4,504$3,070$2,040$1,328$851$261
35 years$4,328$2,911$1,907$1,223$771$227
36 years$4,161$2,763$1,784$1,126$698$197
37 years$4,004$2,625$1,670$1,038$633$171
38 years$3,856$2,494$1,564$956$574$148
39 years$3,715$2,372$1,465$882$520$129
40 years$3,582$2,257$1,373$813$472$112
41 years$3,456$2,148$1,288$750$428$97
42 years$3,336$2,046$1,208$693$389$84
43 years$3,222$1,949$1,134$639$353$73
44 years$3,113$1,858$1,064$590$320$64
45 years$3,009$1,772$999$545$291$55
46 years$2,911$1,690$938$504$264$48
47 years$2,817$1,613$882$465$240$42
48 years$2,726$1,540$828$430$218$36
49 years$2,640$1,470$779$397$198$31
50 years$2,558$1,405$732$367$180$27

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 $4,554 every year, while hoping to spend $25,535 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: 56/14/30 Blend
60$2,620,000$2,620,000$2,620,000$2,620,000
61$2,891,937$2,753,077$2,712,467$3,029,642
62$3,159,746$2,860,809$2,776,166$3,232,843
63$3,454,015$2,972,964$2,841,143$3,451,122
64$3,777,417$3,089,732$2,907,413$3,688,461
65$4,132,895$3,211,310$2,974,994$3,946,710
66$4,523,693$3,337,907$3,043,898$4,227,904
67$4,953,384$3,469,738$3,114,142$4,534,286
68$5,425,903$3,607,029$3,185,741$4,868,323
69$5,945,588$3,750,017$3,258,706$5,232,730
70$6,517,219$3,898,948$3,333,053$5,630,496
71$7,146,058$4,054,080$3,408,793$6,064,913
72$7,837,908$4,215,681$3,485,940$6,539,603
73$8,599,159$4,384,035$3,564,504$7,058,556
74$9,436,855$4,559,433$3,644,496$7,626,164
75$10,358,753$4,742,185$3,725,925$8,247,264
76$11,373,404$4,932,611$3,808,803$8,927,183
77$12,490,229$5,131,046$3,893,135$9,671,785
78$13,719,607$5,337,842$3,978,929$10,487,530
79$15,072,976$5,553,365$4,066,192$11,381,533
80$16,562,938$5,777,999$4,154,929$12,361,628
81$18,203,381$6,012,144$4,245,142$13,436,446
82$20,009,607$6,256,219$4,336,835$14,615,493
83$21,998,476$6,510,663$4,430,008$15,909,237
84$24,188,568$6,775,934$4,524,661$17,329,213
85$26,600,356$7,052,509$4,620,792$18,888,124
86$29,256,401$7,340,890$4,718,396$20,599,966
87$32,181,560$7,641,600$4,817,469$22,480,153
88$35,403,227$7,955,186$4,918,002$24,545,669
89$38,951,587$8,282,221$5,019,986$26,815,224
90$42,859,903$8,623,304$5,123,410$29,309,428
91$47,164,828$8,979,061$5,228,259$32,050,989
92$51,906,751$9,350,145$5,334,516$35,064,923
93$57,130,180$9,737,243$5,442,163$38,378,792
94$62,884,161$10,141,071$5,551,178$42,022,960
95$69,222,739$10,562,377$5,661,536$46,030,884
96$76,205,471$11,001,945$5,773,209$50,439,423
97$83,897,984$11,460,595$5,886,167$55,289,188
98$92,372,599$11,939,186$6,000,375$60,624,927
99$101,709,012$12,438,614$6,115,795$66,495,939
100$111,995,043$12,959,817$6,232,385$72,956,546