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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$217,183$215,248$213,361$211,519$209,720$203,496
2 years$107,516$105,514$103,573$101,692$99,867$93,647
3 years$70,966$68,955$67,019$65,155$63,359$57,340
4 years$52,694$50,689$48,773$46,940$45,189$39,415
5 years$41,734$39,741$37,849$36,055$34,352$28,840
6 years$34,429$32,451$30,588$28,833$27,181$21,936
7 years$29,214$27,253$25,419$23,705$22,106$17,127
8 years$25,304$23,360$21,557$19,886$18,339$13,623
9 years$22,265$20,339$18,567$16,938$15,444$10,987
10 years$19,835$17,928$16,187$14,601$13,159$8,955
11 years$17,848$15,960$14,251$12,707$11,317$7,358
12 years$16,193$14,325$12,647$11,146$9,807$6,085
13 years$14,794$12,946$11,300$9,840$8,552$5,059
14 years$13,596$11,767$10,153$8,735$7,497$4,223
15 years$12,559$10,750$9,167$7,790$6,601$3,538
16 years$11,652$9,863$8,311$6,975$5,834$2,972
17 years$10,853$9,083$7,563$6,267$5,173$2,502
18 years$10,143$8,393$6,904$5,648$4,599$2,111
19 years$9,509$7,779$6,320$5,103$4,099$1,784
20 years$8,939$7,228$5,800$4,622$3,662$1,510
21 years$8,423$6,733$5,335$4,195$3,277$1,279
22 years$7,956$6,285$4,917$3,814$2,937$1,084
23 years$7,529$5,878$4,540$3,474$2,637$920
24 years$7,139$5,508$4,199$3,168$2,370$782
25 years$6,781$5,169$3,889$2,893$2,132$664
26 years$6,450$4,858$3,607$2,645$1,921$565
27 years$6,145$4,572$3,349$2,421$1,732$480
28 years$5,862$4,308$3,113$2,219$1,563$409
29 years$5,599$4,064$2,897$2,035$1,411$348
30 years$5,354$3,838$2,699$1,867$1,275$296
31 years$5,125$3,628$2,516$1,715$1,153$252
32 years$4,911$3,433$2,347$1,576$1,043$215
33 years$4,710$3,251$2,192$1,449$944$183
34 years$4,521$3,081$2,048$1,333$854$156
35 years$4,344$2,922$1,915$1,227$774$133
36 years$4,177$2,774$1,791$1,130$701$113
37 years$4,019$2,635$1,676$1,042$635$96
38 years$3,870$2,504$1,570$960$576$82
39 years$3,729$2,381$1,471$885$522$70
40 years$3,596$2,265$1,379$816$474$60
41 years$3,469$2,156$1,293$753$430$51
42 years$3,348$2,054$1,213$695$390$43
43 years$3,234$1,957$1,138$642$354$37
44 years$3,125$1,865$1,068$593$321$31
45 years$3,021$1,778$1,003$547$292$27
46 years$2,922$1,697$942$506$265$23
47 years$2,827$1,619$885$467$241$19
48 years$2,737$1,546$832$432$218$17
49 years$2,650$1,476$782$399$198$14
50 years$2,568$1,410$735$369$180$12

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 $4,649 every year, while hoping to spend $55,984 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: 81/9/10 Blend
60$2,630,000$2,630,000$2,630,000$2,630,000
61$2,903,055$2,763,665$2,722,900$3,133,221
62$3,139,601$2,839,519$2,754,551$3,360,616
63$3,398,397$2,917,212$2,785,386$3,602,314
64$3,681,655$2,996,777$2,815,318$3,865,936
65$3,991,809$3,078,244$2,844,256$4,153,648
66$4,331,540$3,161,644$2,872,105$4,467,836
67$4,703,798$3,247,007$2,898,762$4,811,128
68$5,111,837$3,334,361$2,924,121$5,186,417
69$5,559,234$3,423,735$2,948,070$5,596,891
70$6,049,936$3,515,157$2,970,489$6,046,059
71$6,588,284$3,608,654$2,991,255$6,537,790
72$7,179,063$3,704,253$3,010,236$7,076,342
73$7,827,542$3,801,976$3,027,295$7,666,409
74$8,539,528$3,901,849$3,042,285$8,313,158
75$9,321,414$4,003,894$3,055,056$9,022,285
76$10,180,244$4,108,131$3,065,446$9,800,062
77$11,123,778$4,214,578$3,073,288$10,653,402
78$12,160,565$4,323,254$3,078,404$11,589,917
79$13,300,022$4,434,173$3,080,610$12,617,998
80$14,552,524$4,547,348$3,079,711$13,746,886
81$15,929,503$4,662,789$3,075,503$14,986,765
82$17,443,552$4,780,505$3,067,771$16,348,855
83$19,108,544$4,900,500$3,056,292$17,845,518
84$20,939,766$5,022,775$3,040,828$19,490,375
85$22,954,061$5,147,330$3,021,135$21,298,435
86$25,169,985$5,274,159$2,996,953$23,286,234
87$27,607,984$5,403,253$2,968,011$25,471,993
88$30,290,584$5,534,598$2,934,025$27,875,792
89$33,242,607$5,668,176$2,894,698$30,519,753
90$36,491,401$5,803,965$2,849,718$33,428,254
91$40,067,100$5,941,936$2,798,760$36,628,159
92$44,002,909$6,082,055$2,741,483$40,149,066
93$48,335,412$6,224,283$2,677,530$44,023,593
94$53,104,924$6,368,572$2,606,526$48,287,682
95$58,355,863$6,514,869$2,528,082$52,980,938
96$64,137,177$6,663,113$2,441,789$58,147,004
97$70,502,798$6,813,236$2,347,218$63,833,971
98$77,512,158$6,965,158$2,243,924$70,094,835
99$85,230,741$7,118,794$2,131,439$76,987,994
100$93,730,709$7,274,047$2,009,274$84,577,801