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%11.7%
1 years$218,835$216,885$214,983$213,127$211,315$209,807
2 years$108,334$106,316$104,361$102,465$100,626$99,106
3 years$71,505$69,479$67,528$65,650$63,841$62,356
4 years$53,094$51,074$49,143$47,297$45,532$44,092
5 years$42,051$40,043$38,137$36,329$34,613$33,223
6 years$34,691$32,698$30,821$29,053$27,388$26,050
7 years$29,436$27,460$25,612$23,886$22,274$20,989
8 years$25,496$23,538$21,721$20,037$18,478$17,246
9 years$22,434$20,494$18,708$17,067$15,561$14,381
10 years$19,985$18,065$16,310$14,712$13,259$12,130
11 years$17,983$16,082$14,359$12,804$11,403$10,325
12 years$16,316$14,434$12,744$11,231$9,882$8,854
13 years$14,907$13,044$11,386$9,915$8,617$7,638
14 years$13,699$11,857$10,230$8,801$7,554$6,622
15 years$12,654$10,831$9,236$7,849$6,651$5,765
16 years$11,740$9,938$8,374$7,028$5,878$5,038
17 years$10,935$9,152$7,620$6,315$5,212$4,415
18 years$10,220$8,457$6,956$5,691$4,634$3,879
19 years$9,581$7,838$6,368$5,142$4,131$3,417
20 years$9,007$7,283$5,844$4,657$3,689$3,015
21 years$8,487$6,784$5,376$4,227$3,302$2,665
22 years$8,016$6,333$4,954$3,843$2,959$2,359
23 years$7,587$5,923$4,575$3,500$2,657$2,091
24 years$7,193$5,549$4,231$3,192$2,388$1,855
25 years$6,832$5,208$3,918$2,915$2,149$1,648
26 years$6,499$4,895$3,634$2,666$1,935$1,465
27 years$6,192$4,606$3,375$2,440$1,745$1,303
28 years$5,906$4,341$3,137$2,235$1,575$1,160
29 years$5,641$4,095$2,919$2,050$1,422$1,034
30 years$5,394$3,867$2,719$1,881$1,285$921
31 years$5,164$3,656$2,535$1,728$1,161$822
32 years$4,948$3,459$2,365$1,588$1,051$733
33 years$4,746$3,276$2,209$1,460$951$654
34 years$4,556$3,105$2,064$1,344$861$584
35 years$4,377$2,945$1,929$1,237$780$522
36 years$4,209$2,795$1,805$1,139$706$466
37 years$4,050$2,655$1,689$1,050$640$416
38 years$3,900$2,523$1,582$967$580$372
39 years$3,758$2,399$1,482$892$526$332
40 years$3,623$2,282$1,389$823$477$297
41 years$3,495$2,173$1,303$759$433$266
42 years$3,374$2,069$1,222$701$393$238
43 years$3,258$1,971$1,147$647$357$213
44 years$3,149$1,879$1,076$597$324$190
45 years$3,044$1,792$1,011$551$294$170
46 years$2,944$1,710$949$509$267$152
47 years$2,849$1,631$892$471$242$136
48 years$2,758$1,557$838$435$220$122
49 years$2,671$1,487$788$402$200$109
50 years$2,587$1,421$740$371$182$98

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 $6,345 every year, while hoping to spend $21,258 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: 76/12/12 Blend
60$2,650,000$2,650,000$2,650,000$2,650,000
61$2,926,845$2,786,395$2,745,320$3,141,945
62$3,202,765$2,900,310$2,814,670$3,398,523
63$3,506,116$3,019,094$2,885,630$3,676,401
64$3,839,674$3,142,964$2,958,233$3,980,424
65$4,206,497$3,272,146$3,032,510$4,313,185
66$4,609,954$3,406,875$3,108,494$4,677,540
67$5,053,757$3,547,399$3,186,216$5,076,632
68$5,541,996$3,693,978$3,265,710$5,513,925
69$6,079,177$3,846,880$3,347,008$5,993,230
70$6,670,265$4,006,389$3,430,145$6,518,745
71$7,320,731$4,172,802$3,515,154$7,095,094
72$8,036,603$4,346,426$3,602,069$7,727,369
73$8,824,522$4,527,587$3,690,924$8,421,176
74$9,691,807$4,716,622$3,781,754$9,182,692
75$10,646,521$4,913,886$3,874,592$10,018,720
76$11,697,550$5,119,750$3,969,475$10,936,752
77$12,854,683$5,334,602$4,066,436$11,945,042
78$14,128,710$5,558,846$4,165,511$13,052,679
79$15,531,517$5,792,909$4,266,734$14,269,678
80$17,076,204$6,037,233$4,370,142$15,607,070
81$18,777,203$6,292,284$4,475,768$17,077,005
82$20,650,421$6,558,548$4,583,648$18,692,871
83$22,713,381$6,836,535$4,693,818$20,469,414
84$24,985,397$7,126,776$4,806,312$22,422,879
85$27,487,748$7,429,829$4,921,165$24,571,164
86$30,243,886$7,746,278$5,038,411$26,933,987
87$33,279,650$8,076,733$5,158,085$29,533,071
88$36,623,515$8,421,834$5,280,222$32,392,348
89$40,306,858$8,782,248$5,404,854$35,538,187
90$44,364,256$9,158,677$5,532,015$38,999,639
91$48,833,811$9,551,853$5,661,739$42,808,710
92$53,757,509$9,962,543$5,794,056$47,000,667
93$59,181,618$10,391,551$5,929,000$51,614,364
94$65,157,123$10,839,716$6,066,601$56,692,611
95$71,740,207$11,307,920$6,206,889$62,282,580
96$78,992,782$11,797,082$6,349,895$68,436,241
97$86,983,076$12,308,169$6,495,646$75,210,862
98$95,786,269$12,842,189$6,644,170$82,669,540
99$105,485,212$13,400,200$6,795,493$90,881,798
100$116,171,203$13,983,309$6,949,641$99,924,245