Can I retire at age 61 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$218,835$216,885$214,983$213,127$211,315$208,329
2 years$108,334$106,316$104,361$102,465$100,626$97,624
3 years$71,505$69,479$67,528$65,650$63,841$60,916
4 years$53,094$51,074$49,143$47,297$45,532$42,706
5 years$42,051$40,043$38,137$36,329$34,613$31,894
6 years$34,691$32,698$30,821$29,053$27,388$24,780
7 years$29,436$27,460$25,612$23,886$22,274$19,777
8 years$25,496$23,538$21,721$20,037$18,478$16,093
9 years$22,434$20,494$18,708$17,067$15,561$13,286
10 years$19,985$18,065$16,310$14,712$13,259$11,093
11 years$17,983$16,082$14,359$12,804$11,403$9,343
12 years$16,316$14,434$12,744$11,231$9,882$7,926
13 years$14,907$13,044$11,386$9,915$8,617$6,762
14 years$13,699$11,857$10,230$8,801$7,554$5,797
15 years$12,654$10,831$9,236$7,849$6,651$4,990
16 years$11,740$9,938$8,374$7,028$5,878$4,309
17 years$10,935$9,152$7,620$6,315$5,212$3,732
18 years$10,220$8,457$6,956$5,691$4,634$3,240
19 years$9,581$7,838$6,368$5,142$4,131$2,818
20 years$9,007$7,283$5,844$4,657$3,689$2,456
21 years$8,487$6,784$5,376$4,227$3,302$2,143
22 years$8,016$6,333$4,954$3,843$2,959$1,873
23 years$7,587$5,923$4,575$3,500$2,657$1,639
24 years$7,193$5,549$4,231$3,192$2,388$1,435
25 years$6,832$5,208$3,918$2,915$2,149$1,258
26 years$6,499$4,895$3,634$2,666$1,935$1,103
27 years$6,192$4,606$3,375$2,440$1,745$969
28 years$5,906$4,341$3,137$2,235$1,575$851
29 years$5,641$4,095$2,919$2,050$1,422$747
30 years$5,394$3,867$2,719$1,881$1,285$657
31 years$5,164$3,656$2,535$1,728$1,161$578
32 years$4,948$3,459$2,365$1,588$1,051$508
33 years$4,746$3,276$2,209$1,460$951$447
34 years$4,556$3,105$2,064$1,344$861$394
35 years$4,377$2,945$1,929$1,237$780$347
36 years$4,209$2,795$1,805$1,139$706$305
37 years$4,050$2,655$1,689$1,050$640$269
38 years$3,900$2,523$1,582$967$580$237
39 years$3,758$2,399$1,482$892$526$209
40 years$3,623$2,282$1,389$823$477$184
41 years$3,495$2,173$1,303$759$433$162
42 years$3,374$2,069$1,222$701$393$143
43 years$3,258$1,971$1,147$647$357$126
44 years$3,149$1,879$1,076$597$324$111
45 years$3,044$1,792$1,011$551$294$98
46 years$2,944$1,710$949$509$267$86
47 years$2,849$1,631$892$471$242$76
48 years$2,758$1,557$838$435$220$67
49 years$2,671$1,487$788$402$200$59
50 years$2,587$1,421$740$371$182$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,650,000, adding $5,866 every year, while hoping to spend $48,032 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: 35/42/23 Blend
60$2,650,000$2,650,000$2,650,000$2,650,000
61$2,926,351$2,785,901$2,744,826$3,008,177
62$3,173,733$2,871,304$2,785,672$3,154,586
63$3,444,738$2,959,283$2,826,276$3,307,629
64$3,741,725$3,049,911$2,866,580$3,471,793
65$4,067,292$3,143,268$2,906,522$3,648,099
66$4,424,301$3,239,433$2,946,035$3,837,671
67$4,815,901$3,338,487$2,985,049$4,041,743
68$5,245,565$3,440,515$3,023,490$4,261,674
69$5,717,116$3,545,603$3,061,280$4,498,958
70$6,234,764$3,653,840$3,098,335$4,755,238
71$6,803,150$3,765,318$3,134,569$5,032,324
72$7,427,382$3,880,130$3,169,889$5,332,206
73$8,113,092$3,998,372$3,204,196$5,657,075
74$8,866,479$4,120,145$3,237,389$6,009,342
75$9,694,376$4,245,548$3,269,358$6,391,661
76$10,604,309$4,374,687$3,299,988$6,806,953
77$11,604,571$4,507,668$3,329,160$7,258,436
78$12,704,296$4,644,603$3,356,745$7,749,652
79$13,913,548$4,785,602$3,382,610$8,284,500
80$15,243,417$4,930,784$3,406,615$8,867,275
81$16,706,119$5,080,266$3,428,610$9,502,706
82$18,315,114$5,234,170$3,448,440$10,196,002
83$20,085,234$5,392,623$3,465,940$10,952,900
84$22,032,819$5,555,752$3,480,940$11,779,717
85$24,175,872$5,723,689$3,493,257$12,683,414
86$26,534,231$5,896,570$3,502,701$13,671,657
87$29,129,754$6,074,533$3,509,073$14,752,888
88$31,986,525$6,257,721$3,512,163$15,936,412
89$35,131,080$6,446,280$3,511,751$17,232,475
90$38,592,662$6,640,359$3,507,605$18,652,367
91$42,403,488$6,840,111$3,499,485$20,208,525
92$46,599,061$7,045,694$3,487,135$21,914,651
93$51,218,501$7,257,269$3,470,290$23,785,841
94$56,304,914$7,475,000$3,448,670$25,838,729
95$61,905,797$7,699,058$3,421,983$28,091,639
96$68,073,491$7,929,614$3,389,922$30,564,762
97$74,865,668$8,166,846$3,352,165$33,280,346
98$82,345,881$8,410,937$3,308,378$36,262,902
99$90,584,159$8,662,071$3,258,207$39,539,439
100$99,657,670$8,920,439$3,201,283$43,139,718