Can I retire at age 61 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$217,183$215,248$213,361$211,519$209,720$203,742
2 years$107,516$105,514$103,573$101,692$99,867$93,890
3 years$70,966$68,955$67,019$65,155$63,359$57,572
4 years$52,694$50,689$48,773$46,940$45,189$39,634
5 years$41,734$39,741$37,849$36,055$34,352$29,046
6 years$34,429$32,451$30,588$28,833$27,181$22,129
7 years$29,214$27,253$25,419$23,705$22,106$17,307
8 years$25,304$23,360$21,557$19,886$18,339$13,791
9 years$22,265$20,339$18,567$16,938$15,444$11,143
10 years$19,835$17,928$16,187$14,601$13,159$9,098
11 years$17,848$15,960$14,251$12,707$11,317$7,491
12 years$16,193$14,325$12,647$11,146$9,807$6,207
13 years$14,794$12,946$11,300$9,840$8,552$5,171
14 years$13,596$11,767$10,153$8,735$7,497$4,325
15 years$12,559$10,750$9,167$7,790$6,601$3,631
16 years$11,652$9,863$8,311$6,975$5,834$3,057
17 years$10,853$9,083$7,563$6,267$5,173$2,580
18 years$10,143$8,393$6,904$5,648$4,599$2,181
19 years$9,509$7,779$6,320$5,103$4,099$1,847
20 years$8,939$7,228$5,800$4,622$3,662$1,567
21 years$8,423$6,733$5,335$4,195$3,277$1,330
22 years$7,956$6,285$4,917$3,814$2,937$1,131
23 years$7,529$5,878$4,540$3,474$2,637$962
24 years$7,139$5,508$4,199$3,168$2,370$819
25 years$6,781$5,169$3,889$2,893$2,132$697
26 years$6,450$4,858$3,607$2,645$1,921$594
27 years$6,145$4,572$3,349$2,421$1,732$507
28 years$5,862$4,308$3,113$2,219$1,563$432
29 years$5,599$4,064$2,897$2,035$1,411$369
30 years$5,354$3,838$2,699$1,867$1,275$315
31 years$5,125$3,628$2,516$1,715$1,153$269
32 years$4,911$3,433$2,347$1,576$1,043$229
33 years$4,710$3,251$2,192$1,449$944$196
34 years$4,521$3,081$2,048$1,333$854$167
35 years$4,344$2,922$1,915$1,227$774$143
36 years$4,177$2,774$1,791$1,130$701$122
37 years$4,019$2,635$1,676$1,042$635$104
38 years$3,870$2,504$1,570$960$576$89
39 years$3,729$2,381$1,471$885$522$76
40 years$3,596$2,265$1,379$816$474$65
41 years$3,469$2,156$1,293$753$430$56
42 years$3,348$2,054$1,213$695$390$47
43 years$3,234$1,957$1,138$642$354$41
44 years$3,125$1,865$1,068$593$321$35
45 years$3,021$1,778$1,003$547$292$30
46 years$2,922$1,697$942$506$265$25
47 years$2,827$1,619$885$467$241$22
48 years$2,737$1,546$832$432$218$18
49 years$2,650$1,476$782$399$198$16
50 years$2,568$1,410$735$369$180$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,630,000, adding $6,131 every year, while hoping to spend $20,558 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: 61/23/16 Blend
60$2,630,000$2,630,000$2,630,000$2,630,000
61$2,904,584$2,765,194$2,724,429$3,069,691
62$3,178,978$2,878,815$2,793,824$3,295,256
63$3,480,671$2,997,314$2,864,854$3,538,450
64$3,812,427$3,120,910$2,937,554$3,803,360
65$4,177,288$3,249,828$3,011,955$4,092,092
66$4,578,608$3,384,307$3,088,093$4,406,963
67$5,020,084$3,524,595$3,166,002$4,750,524
68$5,505,785$3,670,953$3,245,716$5,125,579
69$6,040,198$3,823,653$3,327,270$5,535,215
70$6,628,265$3,982,978$3,410,700$5,982,829
71$7,275,432$4,149,228$3,496,043$6,472,161
72$7,987,699$4,322,713$3,583,333$7,007,324
73$8,771,677$4,503,759$3,672,608$7,592,847
74$9,634,653$4,692,708$3,763,904$8,233,717
75$10,584,652$4,889,915$3,857,260$8,935,422
76$11,630,519$5,095,754$3,952,711$9,704,003
77$12,782,002$5,310,615$4,050,297$10,546,113
78$14,049,839$5,534,908$4,150,054$11,469,076
79$15,445,863$5,769,059$4,252,022$12,480,955
80$16,983,114$6,013,517$4,356,238$13,590,632
81$18,675,961$6,268,748$4,462,741$14,807,884
82$20,540,237$6,535,244$4,571,570$16,143,478
83$22,593,387$6,813,517$4,682,764$17,609,274
84$24,854,637$7,104,104$4,796,361$19,218,330
85$27,345,171$7,407,566$4,912,400$20,985,029
86$30,088,334$7,724,492$5,030,921$22,925,211
87$33,109,848$8,055,497$5,151,961$25,056,325
88$36,438,061$8,401,225$5,275,560$27,397,587
89$40,104,209$8,762,351$5,401,757$29,970,163
90$44,142,712$9,139,579$5,530,590$32,797,369
91$48,591,500$9,533,650$5,662,096$35,904,886
92$53,492,371$9,945,337$5,796,314$39,321,005
93$58,891,384$10,375,450$5,933,282$43,076,889
94$64,839,294$10,824,835$6,073,035$47,206,868
95$71,392,032$11,294,382$6,215,612$51,748,760
96$78,611,232$11,785,019$6,361,047$56,744,227
97$86,564,812$12,297,720$6,509,377$62,239,166
98$95,327,617$12,833,503$6,660,636$68,284,140
99$104,982,124$13,393,435$6,814,857$74,934,856
100$115,619,221$13,978,633$6,972,075$82,252,684