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%13.3%
1 years$217,183$215,248$213,361$211,519$209,720$206,842
2 years$107,516$105,514$103,573$101,692$99,867$96,972
3 years$70,966$68,955$67,019$65,155$63,359$60,539
4 years$52,694$50,689$48,773$46,940$45,189$42,463
5 years$41,734$39,741$37,849$36,055$34,352$31,729
6 years$34,429$32,451$30,588$28,833$27,181$24,665
7 years$29,214$27,253$25,419$23,705$22,106$19,697
8 years$25,304$23,360$21,557$19,886$18,339$16,037
9 years$22,265$20,339$18,567$16,938$15,444$13,248
10 years$19,835$17,928$16,187$14,601$13,159$11,067
11 years$17,848$15,960$14,251$12,707$11,317$9,327
12 years$16,193$14,325$12,647$11,146$9,807$7,917
13 years$14,794$12,946$11,300$9,840$8,552$6,760
14 years$13,596$11,767$10,153$8,735$7,497$5,799
15 years$12,559$10,750$9,167$7,790$6,601$4,995
16 years$11,652$9,863$8,311$6,975$5,834$4,316
17 years$10,853$9,083$7,563$6,267$5,173$3,741
18 years$10,143$8,393$6,904$5,648$4,599$3,250
19 years$9,509$7,779$6,320$5,103$4,099$2,829
20 years$8,939$7,228$5,800$4,622$3,662$2,467
21 years$8,423$6,733$5,335$4,195$3,277$2,155
22 years$7,956$6,285$4,917$3,814$2,937$1,885
23 years$7,529$5,878$4,540$3,474$2,637$1,650
24 years$7,139$5,508$4,199$3,168$2,370$1,446
25 years$6,781$5,169$3,889$2,893$2,132$1,269
26 years$6,450$4,858$3,607$2,645$1,921$1,114
27 years$6,145$4,572$3,349$2,421$1,732$978
28 years$5,862$4,308$3,113$2,219$1,563$860
29 years$5,599$4,064$2,897$2,035$1,411$756
30 years$5,354$3,838$2,699$1,867$1,275$665
31 years$5,125$3,628$2,516$1,715$1,153$585
32 years$4,911$3,433$2,347$1,576$1,043$515
33 years$4,710$3,251$2,192$1,449$944$454
34 years$4,521$3,081$2,048$1,333$854$400
35 years$4,344$2,922$1,915$1,227$774$352
36 years$4,177$2,774$1,791$1,130$701$311
37 years$4,019$2,635$1,676$1,042$635$274
38 years$3,870$2,504$1,570$960$576$241
39 years$3,729$2,381$1,471$885$522$213
40 years$3,596$2,265$1,379$816$474$188
41 years$3,469$2,156$1,293$753$430$165
42 years$3,348$2,054$1,213$695$390$146
43 years$3,234$1,957$1,138$642$354$129
44 years$3,125$1,865$1,068$593$321$114
45 years$3,021$1,778$1,003$547$292$100
46 years$2,922$1,697$942$506$265$88
47 years$2,827$1,619$885$467$241$78
48 years$2,737$1,546$832$432$218$69
49 years$2,650$1,476$782$399$198$61
50 years$2,568$1,410$735$369$180$54

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 $3,022 every year, while hoping to spend $52,961 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: 87/6/7 Blend
60$2,630,000$2,630,000$2,630,000$2,630,000
61$2,901,377$2,761,987$2,721,222$3,152,080
62$3,140,968$2,840,974$2,756,033$3,394,866
63$3,403,221$2,922,057$2,790,235$3,654,043
64$3,690,394$3,005,282$2,823,752$3,937,202
65$4,004,969$3,090,696$2,856,503$4,246,721
66$4,349,683$3,178,347$2,888,403$4,585,220
67$4,727,549$3,268,284$2,919,362$4,955,584
68$5,141,884$3,360,555$2,949,286$5,360,991
69$5,596,343$3,455,209$2,978,074$5,804,940
70$6,094,951$3,552,296$3,005,621$6,291,287
71$6,642,143$3,651,865$3,031,816$6,824,277
72$7,242,801$3,753,966$3,056,541$7,408,588
73$7,902,307$3,858,650$3,079,675$8,049,372
74$8,626,585$3,965,967$3,101,087$8,752,305
75$9,422,164$4,075,967$3,120,641$9,523,639
76$10,296,236$4,188,700$3,138,194$10,370,262
77$11,256,723$4,304,218$3,153,594$11,299,761
78$12,312,353$4,422,569$3,166,684$12,320,498
79$13,472,742$4,543,804$3,177,297$13,441,682
80$14,748,483$4,667,972$3,185,258$14,673,460
81$16,151,248$4,795,122$3,190,384$16,027,012
82$17,693,895$4,925,303$3,192,481$17,514,656
83$19,390,592$5,058,562$3,191,349$19,149,962
84$21,256,947$5,194,946$3,186,774$20,947,884
85$23,310,158$5,334,501$3,178,533$22,924,898
86$25,569,175$5,477,272$3,166,395$25,099,156
87$28,054,874$5,623,302$3,150,113$27,490,660
88$30,790,261$5,772,634$3,129,431$30,121,450
89$33,800,682$5,925,307$3,104,082$33,015,810
90$37,114,065$6,081,360$3,073,782$36,200,499
91$40,761,183$6,240,830$3,038,236$39,705,000
92$44,775,943$6,403,751$2,997,137$43,561,802
93$49,195,709$6,570,154$2,950,161$47,806,706
94$54,061,648$6,740,068$2,896,968$52,479,159
95$59,419,124$6,913,520$2,837,204$57,622,630
96$65,318,123$7,090,530$2,770,499$63,285,016
97$71,813,725$7,271,120$2,696,464$69,519,098
98$78,966,622$7,455,302$2,614,693$76,383,038
99$86,843,694$7,643,088$2,524,762$83,940,925
100$95,518,635$7,834,484$2,426,225$92,263,382