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%19.9%
1 years$220,486$218,522$216,606$214,736$212,910$204,462
2 years$109,152$107,119$105,149$103,238$101,385$92,980
3 years$72,045$70,003$68,038$66,146$64,323$56,223
4 years$53,495$51,460$49,514$47,654$45,876$38,144
5 years$42,368$40,345$38,425$36,603$34,874$27,530
6 years$34,953$32,945$31,053$29,272$27,595$20,642
7 years$29,658$27,667$25,805$24,066$22,442$15,879
8 years$25,689$23,716$21,885$20,188$18,618$12,438
9 years$22,603$20,649$18,850$17,196$15,679$9,873
10 years$20,136$18,201$16,433$14,823$13,359$7,915
11 years$18,119$16,203$14,468$12,901$11,489$6,395
12 years$16,439$14,543$12,840$11,316$9,956$5,198
13 years$15,019$13,143$11,471$9,990$8,682$4,245
14 years$13,803$11,946$10,307$8,868$7,611$3,481
15 years$12,750$10,913$9,306$7,909$6,701$2,862
16 years$11,829$10,013$8,437$7,081$5,922$2,360
17 years$11,018$9,221$7,678$6,362$5,251$1,949
18 years$10,297$8,521$7,009$5,734$4,669$1,613
19 years$9,653$7,897$6,416$5,181$4,162$1,336
20 years$9,074$7,338$5,888$4,692$3,717$1,109
21 years$8,552$6,835$5,416$4,259$3,327$920
22 years$8,077$6,381$4,992$3,872$2,982$765
23 years$7,644$5,968$4,609$3,526$2,677$636
24 years$7,248$5,591$4,263$3,216$2,406$529
25 years$6,884$5,247$3,948$2,937$2,165$440
26 years$6,548$4,931$3,662$2,686$1,950$366
27 years$6,238$4,641$3,400$2,458$1,758$305
28 years$5,951$4,373$3,161$2,252$1,586$254
29 years$5,684$4,126$2,941$2,065$1,432$212
30 years$5,435$3,896$2,740$1,896$1,294$177
31 years$5,203$3,683$2,554$1,741$1,170$147
32 years$4,985$3,485$2,383$1,600$1,059$123
33 years$4,782$3,300$2,225$1,471$958$102
34 years$4,590$3,128$2,079$1,354$867$85
35 years$4,410$2,967$1,944$1,246$786$71
36 years$4,241$2,816$1,818$1,148$712$59
37 years$4,080$2,675$1,702$1,057$645$49
38 years$3,929$2,542$1,594$975$585$41
39 years$3,786$2,417$1,493$899$530$34
40 years$3,650$2,300$1,400$829$481$29
41 years$3,522$2,189$1,312$765$436$24
42 years$3,399$2,085$1,231$706$396$20
43 years$3,283$1,986$1,155$652$359$17
44 years$3,172$1,893$1,084$602$326$14
45 years$3,067$1,806$1,018$556$296$12
46 years$2,966$1,722$956$513$269$10
47 years$2,870$1,644$898$474$244$8
48 years$2,779$1,569$844$438$222$7
49 years$2,691$1,498$794$405$201$6
50 years$2,607$1,431$746$374$183$5

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 $5,358 every year, while hoping to spend $35,864 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: 63/14/23 Blend
60$2,670,000$2,670,000$2,670,000$2,670,000
61$2,947,867$2,806,357$2,764,972$3,115,540
62$3,210,390$2,905,709$2,819,439$3,328,781
63$3,498,489$3,008,728$2,874,530$3,557,115
64$3,814,734$3,115,555$2,930,225$3,805,697
65$4,161,957$3,226,337$2,986,508$4,076,509
66$4,543,278$3,341,229$3,043,357$4,371,735
67$4,962,132$3,460,389$3,100,750$4,693,779
68$5,422,306$3,583,985$3,158,661$5,045,287
69$5,927,970$3,712,189$3,217,065$5,429,174
70$6,483,718$3,845,181$3,275,932$5,848,650
71$7,094,612$3,983,150$3,335,231$6,307,248
72$7,766,228$4,126,290$3,394,927$6,808,861
73$8,504,710$4,274,805$3,454,983$7,357,776
74$9,316,827$4,428,906$3,515,361$7,958,712
75$10,210,035$4,588,814$3,576,018$8,616,871
76$11,192,551$4,754,759$3,636,907$9,337,979
77$12,273,429$4,926,980$3,697,981$10,128,345
78$13,462,642$5,105,725$3,759,187$10,994,919
79$14,771,181$5,291,255$3,820,469$11,945,355
80$16,211,154$5,483,839$3,881,767$12,988,085
81$17,795,904$5,683,759$3,943,019$14,132,399
82$19,540,131$5,891,309$4,004,155$15,388,530
83$21,460,035$6,106,793$4,065,104$16,767,752
84$23,573,463$6,330,531$4,125,790$18,282,486
85$25,900,083$6,562,853$4,186,130$19,946,415
86$28,461,565$6,804,106$4,246,039$21,774,614
87$31,281,788$7,054,651$4,305,425$23,783,692
88$34,387,063$7,314,862$4,364,190$25,991,950
89$37,806,385$7,585,131$4,422,231$28,419,549
90$41,571,700$7,865,867$4,479,440$31,088,703
91$45,718,213$8,157,494$4,535,701$34,023,889
92$50,284,716$8,460,456$4,590,892$37,252,074
93$55,313,954$8,775,215$4,644,883$40,802,973
94$60,853,030$9,102,254$4,697,540$44,709,325
95$66,953,850$9,442,075$4,748,718$49,007,207
96$73,673,608$9,795,202$4,798,266$53,736,368
97$81,075,331$10,162,182$4,846,023$58,940,607
98$89,228,471$10,543,585$4,891,821$64,668,186
99$98,209,560$10,940,005$4,935,482$70,972,283
100$108,102,934$11,352,064$4,976,819$77,911,496