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%14.5%
1 years$218,835$216,885$214,983$213,127$211,315$207,388
2 years$108,334$106,316$104,361$102,465$100,626$96,684
3 years$71,505$69,479$67,528$65,650$63,841$60,008
4 years$53,094$51,074$49,143$47,297$45,532$41,836
5 years$42,051$40,043$38,137$36,329$34,613$31,065
6 years$34,691$32,698$30,821$29,053$27,388$23,992
7 years$29,436$27,460$25,612$23,886$22,274$19,031
8 years$25,496$23,538$21,721$20,037$18,478$15,388
9 years$22,434$20,494$18,708$17,067$15,561$12,621
10 years$19,985$18,065$16,310$14,712$13,259$10,467
11 years$17,983$16,082$14,359$12,804$11,403$8,755
12 years$16,316$14,434$12,744$11,231$9,882$7,375
13 years$14,907$13,044$11,386$9,915$8,617$6,247
14 years$13,699$11,857$10,230$8,801$7,554$5,316
15 years$12,654$10,831$9,236$7,849$6,651$4,541
16 years$11,740$9,938$8,374$7,028$5,878$3,891
17 years$10,935$9,152$7,620$6,315$5,212$3,344
18 years$10,220$8,457$6,956$5,691$4,634$2,880
19 years$9,581$7,838$6,368$5,142$4,131$2,485
20 years$9,007$7,283$5,844$4,657$3,689$2,148
21 years$8,487$6,784$5,376$4,227$3,302$1,859
22 years$8,016$6,333$4,954$3,843$2,959$1,611
23 years$7,587$5,923$4,575$3,500$2,657$1,398
24 years$7,193$5,549$4,231$3,192$2,388$1,213
25 years$6,832$5,208$3,918$2,915$2,149$1,054
26 years$6,499$4,895$3,634$2,666$1,935$917
27 years$6,192$4,606$3,375$2,440$1,745$798
28 years$5,906$4,341$3,137$2,235$1,575$694
29 years$5,641$4,095$2,919$2,050$1,422$605
30 years$5,394$3,867$2,719$1,881$1,285$527
31 years$5,164$3,656$2,535$1,728$1,161$459
32 years$4,948$3,459$2,365$1,588$1,051$400
33 years$4,746$3,276$2,209$1,460$951$349
34 years$4,556$3,105$2,064$1,344$861$304
35 years$4,377$2,945$1,929$1,237$780$265
36 years$4,209$2,795$1,805$1,139$706$231
37 years$4,050$2,655$1,689$1,050$640$202
38 years$3,900$2,523$1,582$967$580$176
39 years$3,758$2,399$1,482$892$526$154
40 years$3,623$2,282$1,389$823$477$134
41 years$3,495$2,173$1,303$759$433$117
42 years$3,374$2,069$1,222$701$393$102
43 years$3,258$1,971$1,147$647$357$89
44 years$3,149$1,879$1,076$597$324$78
45 years$3,044$1,792$1,011$551$294$68
46 years$2,944$1,710$949$509$267$59
47 years$2,849$1,631$892$471$242$52
48 years$2,758$1,557$838$435$220$45
49 years$2,671$1,487$788$402$200$40
50 years$2,587$1,421$740$371$182$35

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 $5,741 every year, while hoping to spend $35,829 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: 75/5/20 Blend
60$2,650,000$2,650,000$2,650,000$2,650,000
61$2,926,222$2,785,772$2,744,697$3,131,458
62$3,186,575$2,884,153$2,798,522$3,366,698
63$3,472,283$2,986,154$2,852,950$3,619,538
64$3,785,894$3,091,914$2,907,963$3,895,762
65$4,130,217$3,201,579$2,963,541$4,197,694
66$4,508,342$3,315,299$3,019,662$4,527,892
67$4,923,676$3,433,233$3,076,305$4,889,176
68$5,379,973$3,555,542$3,133,442$5,284,651
69$5,881,365$3,682,399$3,191,048$5,717,736
70$6,432,407$3,813,980$3,249,091$6,192,199
71$7,038,116$3,950,469$3,307,539$6,712,190
72$7,704,021$4,092,058$3,366,358$7,282,280
73$8,436,210$4,238,948$3,425,510$7,907,506
74$9,241,393$4,391,346$3,484,955$8,593,415
75$10,126,963$4,549,470$3,544,649$9,346,120
76$11,101,064$4,713,545$3,604,545$10,172,355
77$12,172,669$4,883,805$3,664,594$11,079,538
78$13,351,666$5,060,496$3,724,742$12,075,842
79$14,648,949$5,243,873$3,784,934$13,170,275
80$16,076,519$5,434,200$3,845,107$14,372,756
81$17,647,603$5,631,755$3,905,197$15,694,220
82$19,376,773$5,836,826$3,965,135$17,146,709
83$21,280,085$6,049,712$4,024,849$18,743,497
84$23,375,232$6,270,726$4,084,260$20,499,206
85$25,681,709$6,500,194$4,143,285$22,429,948
86$28,220,995$6,738,455$4,201,837$24,553,477
87$31,016,760$6,985,864$4,259,822$26,889,356
88$34,095,087$7,242,788$4,317,143$29,459,140
89$37,484,713$7,509,611$4,373,695$32,286,580
90$41,217,306$7,786,735$4,429,366$35,397,849
91$45,327,762$8,074,576$4,484,041$38,821,784
92$49,854,533$8,373,570$4,537,596$42,590,166
93$54,839,990$8,684,169$4,589,899$46,738,009
94$60,330,823$9,006,847$4,640,815$51,303,899
95$66,378,481$9,342,096$4,690,196$56,330,357
96$73,039,658$9,690,432$4,737,890$61,864,235
97$80,376,829$10,052,388$4,783,735$67,957,162
98$88,458,835$10,428,525$4,827,560$74,666,032
99$97,361,539$10,819,425$4,869,185$82,053,538
100$107,168,535$11,225,696$4,908,422$90,188,763