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 $4,046 every year, while hoping to spend $28,465 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: 49/33/18 Blend
60$2,630,000$2,630,000$2,630,000$2,630,000
61$2,902,433$2,763,043$2,722,278$3,029,863
62$3,168,195$2,868,146$2,783,188$3,223,571
63$3,460,110$2,977,445$2,845,184$3,430,637
64$3,780,817$3,091,115$2,908,274$3,654,969
65$4,133,221$3,209,340$2,972,461$3,898,200
66$4,520,522$3,332,311$3,037,752$4,162,125
67$4,946,249$3,460,227$3,104,150$4,448,720
68$5,414,285$3,593,297$3,171,658$4,760,154
69$5,928,913$3,731,739$3,240,278$5,098,815
70$6,494,846$3,875,779$3,310,012$5,467,329
71$7,117,283$4,025,654$3,380,860$5,868,582
72$7,801,946$4,181,612$3,452,819$6,305,752
73$8,555,145$4,343,910$3,525,888$6,782,334
74$9,383,827$4,512,820$3,600,064$7,302,173
75$10,295,651$4,688,622$3,675,339$7,869,501
76$11,299,054$4,871,610$3,751,709$8,488,974
77$12,403,331$5,062,092$3,829,165$9,165,715
78$13,618,724$5,260,389$3,907,696$9,905,367
79$14,956,521$5,466,835$3,987,291$10,714,136
80$16,429,157$5,681,781$4,067,936$11,598,857
81$18,050,335$5,905,592$4,149,615$12,567,052
82$19,835,153$6,138,649$4,232,311$13,627,004
83$21,800,248$6,381,353$4,316,003$14,787,830
84$23,963,953$6,634,119$4,400,669$16,059,570
85$26,346,469$6,897,383$4,486,284$17,453,278
86$28,970,054$7,171,600$4,572,820$18,981,126
87$31,859,236$7,457,246$4,660,246$20,656,518
88$35,041,044$7,754,817$4,748,530$22,494,213
89$38,545,260$8,064,832$4,837,635$24,510,468
90$42,404,701$8,387,833$4,927,520$26,723,183
91$46,655,532$8,724,388$5,018,144$29,152,074
92$51,337,602$9,075,089$5,109,458$31,818,857
93$56,494,824$9,440,556$5,201,412$34,747,449
94$62,175,588$9,821,435$5,293,951$37,964,192
95$68,433,216$10,218,403$5,387,016$41,498,103
96$75,326,468$10,632,168$5,480,544$45,381,145
97$82,920,092$11,063,469$5,574,467$49,648,523
98$91,285,441$11,513,079$5,668,712$54,339,022
99$100,501,143$11,981,806$5,763,200$59,495,364
100$110,653,840$12,470,495$5,857,848$65,164,611