Can I retire at age 61 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$220,486$218,522$216,606$214,736$212,910$207,342
2 years$109,152$107,119$105,149$103,238$101,385$95,814
3 years$72,045$70,003$68,038$66,146$64,323$58,922
4 years$53,495$51,460$49,514$47,654$45,876$40,687
5 years$42,368$40,345$38,425$36,603$34,874$29,912
6 years$34,953$32,945$31,053$29,272$27,595$22,864
7 years$29,658$27,667$25,805$24,066$22,442$17,943
8 years$25,689$23,716$21,885$20,188$18,618$14,348
9 years$22,603$20,649$18,850$17,196$15,679$11,635
10 years$20,136$18,201$16,433$14,823$13,359$9,536
11 years$18,119$16,203$14,468$12,901$11,489$7,881
12 years$16,439$14,543$12,840$11,316$9,956$6,556
13 years$15,019$13,143$11,471$9,990$8,682$5,484
14 years$13,803$11,946$10,307$8,868$7,611$4,606
15 years$12,750$10,913$9,306$7,909$6,701$3,883
16 years$11,829$10,013$8,437$7,081$5,922$3,283
17 years$11,018$9,221$7,678$6,362$5,251$2,783
18 years$10,297$8,521$7,009$5,734$4,669$2,364
19 years$9,653$7,897$6,416$5,181$4,162$2,011
20 years$9,074$7,338$5,888$4,692$3,717$1,713
21 years$8,552$6,835$5,416$4,259$3,327$1,461
22 years$8,077$6,381$4,992$3,872$2,982$1,248
23 years$7,644$5,968$4,609$3,526$2,677$1,067
24 years$7,248$5,591$4,263$3,216$2,406$912
25 years$6,884$5,247$3,948$2,937$2,165$781
26 years$6,548$4,931$3,662$2,686$1,950$669
27 years$6,238$4,641$3,400$2,458$1,758$573
28 years$5,951$4,373$3,161$2,252$1,586$491
29 years$5,684$4,126$2,941$2,065$1,432$421
30 years$5,435$3,896$2,740$1,896$1,294$361
31 years$5,203$3,683$2,554$1,741$1,170$310
32 years$4,985$3,485$2,383$1,600$1,059$266
33 years$4,782$3,300$2,225$1,471$958$228
34 years$4,590$3,128$2,079$1,354$867$196
35 years$4,410$2,967$1,944$1,246$786$168
36 years$4,241$2,816$1,818$1,148$712$144
37 years$4,080$2,675$1,702$1,057$645$124
38 years$3,929$2,542$1,594$975$585$106
39 years$3,786$2,417$1,493$899$530$91
40 years$3,650$2,300$1,400$829$481$78
41 years$3,522$2,189$1,312$765$436$67
42 years$3,399$2,085$1,231$706$396$58
43 years$3,283$1,986$1,155$652$359$50
44 years$3,172$1,893$1,084$602$326$43
45 years$3,067$1,806$1,018$556$296$37
46 years$2,966$1,722$956$513$269$31
47 years$2,870$1,644$898$474$244$27
48 years$2,779$1,569$844$438$222$23
49 years$2,691$1,498$794$405$201$20
50 years$2,607$1,431$746$374$183$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,670,000, adding $5,030 every year, while hoping to spend $53,197 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: 67/24/9 Blend
60$2,670,000$2,670,000$2,670,000$2,670,000
61$2,947,528$2,806,018$2,764,633$3,139,442
62$3,191,575$2,886,912$2,800,647$3,348,483
63$3,458,732$2,969,987$2,836,085$3,570,095
64$3,751,299$3,055,293$2,870,871$3,810,974
65$4,071,811$3,142,882$2,904,925$4,072,998
66$4,423,059$3,232,806$2,938,162$4,358,232
67$4,808,116$3,325,118$2,970,495$4,668,950
68$5,230,366$3,419,871$3,001,830$5,007,657
69$5,693,538$3,517,120$3,032,066$5,377,110
70$6,201,739$3,616,919$3,061,100$5,780,345
71$6,759,491$3,719,322$3,088,821$6,220,705
72$7,371,776$3,824,387$3,115,114$6,701,872
73$8,044,084$3,932,168$3,139,857$7,227,902
74$8,782,459$4,042,723$3,162,921$7,803,261
75$9,593,562$4,156,108$3,184,170$8,432,868
76$10,484,729$4,272,381$3,203,464$9,122,142
77$11,464,042$4,391,599$3,220,651$9,877,049
78$12,540,406$4,513,819$3,235,575$10,704,167
79$13,723,631$4,639,100$3,248,070$11,610,735
80$15,024,524$4,767,498$3,257,963$12,604,734
81$16,454,993$4,899,073$3,265,072$13,694,951
82$18,028,155$5,033,880$3,269,204$14,891,070
83$19,758,464$5,171,978$3,270,160$16,203,759
84$21,661,846$5,313,423$3,267,729$17,644,769
85$23,755,844$5,458,271$3,261,688$19,227,051
86$26,059,792$5,606,578$3,251,806$20,964,869
87$28,594,990$5,758,399$3,237,841$22,873,942
88$31,384,906$5,913,788$3,219,536$24,971,589
89$34,455,400$6,072,797$3,196,624$27,276,890
90$37,834,966$6,235,479$3,168,826$29,810,872
91$41,554,999$6,401,884$3,135,847$32,596,701
92$45,650,092$6,572,059$3,097,382$35,659,902
93$50,158,364$6,746,053$3,053,106$39,028,601
94$55,121,816$6,923,909$3,002,685$42,733,791
95$60,586,730$7,105,669$2,945,764$46,809,622
96$66,604,105$7,291,375$2,881,975$51,293,722
97$73,230,133$7,481,062$2,810,931$56,227,556
98$80,526,737$7,674,765$2,732,227$61,656,816
99$88,562,150$7,872,513$2,645,442$67,631,848
100$97,411,557$8,074,335$2,550,133$74,208,132