Can I retire at age 61 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$219,660$217,704$215,795$213,932$212,112$204,912
2 years$108,743$106,717$104,755$102,852$101,006$93,824
3 years$71,775$69,741$67,783$65,898$64,082$57,145
4 years$53,295$51,267$49,329$47,476$45,704$39,063
5 years$42,210$40,194$38,281$36,466$34,743$28,417
6 years$34,822$32,821$30,937$29,162$27,491$21,485
7 years$29,547$27,563$25,709$23,976$22,358$16,670
8 years$25,593$23,627$21,803$20,113$18,548$13,174
9 years$22,519$20,571$18,779$17,132$15,620$10,554
10 years$20,061$18,133$16,372$14,768$13,309$8,542
11 years$18,051$16,143$14,414$12,852$11,446$6,969
12 years$16,378$14,489$12,792$11,273$9,919$5,722
13 years$14,963$13,094$11,429$9,952$8,650$4,721
14 years$13,751$11,902$10,269$8,835$7,582$3,911
15 years$12,702$10,872$9,271$7,879$6,676$3,251
16 years$11,785$9,975$8,406$7,055$5,900$2,710
17 years$10,976$9,187$7,649$6,339$5,232$2,263
18 years$10,259$8,489$6,982$5,712$4,652$1,894
19 years$9,617$7,868$6,392$5,162$4,146$1,587
20 years$9,040$7,311$5,866$4,675$3,703$1,332
21 years$8,519$6,810$5,396$4,243$3,314$1,119
22 years$8,046$6,357$4,973$3,858$2,971$940
23 years$7,615$5,945$4,592$3,513$2,667$791
24 years$7,220$5,570$4,247$3,204$2,397$666
25 years$6,858$5,227$3,933$2,926$2,157$561
26 years$6,524$4,913$3,648$2,676$1,943$473
27 years$6,215$4,624$3,387$2,449$1,752$399
28 years$5,929$4,357$3,149$2,244$1,580$336
29 years$5,662$4,110$2,930$2,058$1,427$283
30 years$5,415$3,882$2,730$1,888$1,289$239
31 years$5,183$3,669$2,545$1,734$1,166$202
32 years$4,967$3,472$2,374$1,594$1,055$170
33 years$4,764$3,288$2,217$1,466$954$144
34 years$4,573$3,116$2,071$1,349$864$121
35 years$4,394$2,956$1,937$1,242$783$102
36 years$4,225$2,806$1,812$1,143$709$86
37 years$4,065$2,665$1,696$1,053$643$73
38 years$3,914$2,532$1,588$971$583$62
39 years$3,772$2,408$1,488$895$528$52
40 years$3,637$2,291$1,394$826$479$44
41 years$3,508$2,181$1,307$762$435$37
42 years$3,387$2,077$1,226$703$395$31
43 years$3,271$1,979$1,151$649$358$26
44 years$3,160$1,886$1,080$599$325$22
45 years$3,055$1,799$1,014$554$295$19
46 years$2,955$1,716$953$511$268$16
47 years$2,860$1,638$895$472$243$13
48 years$2,768$1,563$841$436$221$11
49 years$2,681$1,493$791$403$201$10
50 years$2,597$1,426$743$373$182$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,660,000, adding $6,500 every year, while hoping to spend $20,736 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: 69/7/24 Blend
60$2,660,000$2,660,000$2,660,000$2,660,000
61$2,938,025$2,797,045$2,755,815$3,122,406
62$3,215,640$2,912,037$2,826,072$3,361,724
63$3,520,878$3,031,969$2,897,987$3,620,522
64$3,856,532$3,157,061$2,971,595$3,903,249
65$4,225,684$3,287,542$3,046,929$4,212,272
66$4,631,727$3,423,655$3,124,024$4,550,199
67$5,078,400$3,565,650$3,202,915$4,919,899
68$5,569,821$3,713,792$3,283,637$5,324,533
69$6,110,530$3,868,355$3,366,227$5,767,581
70$6,705,529$4,029,628$3,450,720$6,252,876
71$7,360,326$4,197,914$3,537,152$6,784,640
72$8,080,994$4,373,526$3,625,561$7,367,521
73$8,874,222$4,556,796$3,715,984$8,006,639
74$9,747,382$4,748,068$3,808,459$8,707,635
75$10,708,596$4,947,704$3,903,024$9,476,721
76$11,766,814$5,156,083$3,999,716$10,320,738
77$12,931,897$5,373,599$4,098,574$11,247,225
78$14,214,712$5,600,667$4,199,638$12,264,484
79$15,627,232$5,837,719$4,302,946$13,381,661
80$17,182,652$6,085,210$4,408,537$14,608,832
81$18,895,511$6,343,613$4,516,451$15,957,096
82$20,781,828$6,613,425$4,626,727$17,438,681
83$22,859,257$6,895,166$4,739,405$19,067,060
84$25,147,251$7,189,379$4,854,525$20,857,072
85$27,667,245$7,496,633$4,972,126$22,825,069
86$30,442,861$7,817,525$5,092,249$24,989,066
87$33,500,126$8,152,677$5,214,933$27,368,910
88$36,867,724$8,502,742$5,340,218$29,986,468
89$40,577,259$8,868,405$5,468,143$32,865,834
90$44,663,562$9,250,379$5,598,748$36,033,551
91$49,165,011$9,649,413$5,732,072$39,518,870
92$54,123,900$10,066,292$5,868,154$43,354,015
93$59,586,833$10,501,836$6,007,033$47,574,494
94$65,605,168$10,956,904$6,148,746$52,219,430
95$72,235,498$11,432,395$6,293,332$57,331,932
96$79,540,188$11,929,251$6,440,827$62,959,500
97$87,587,961$12,448,458$6,591,269$69,154,469
98$96,454,549$12,991,049$6,744,693$75,974,512
99$106,223,407$13,558,104$6,901,133$83,483,172
100$116,986,498$14,150,755$7,060,626$91,750,469