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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$220,486$218,522$216,606$214,736$212,910$207,007
2 years$109,152$107,119$105,149$103,238$101,385$95,483
3 years$72,045$70,003$68,038$66,146$64,323$58,605
4 years$53,495$51,460$49,514$47,654$45,876$40,387
5 years$42,368$40,345$38,425$36,603$34,874$29,629
6 years$34,953$32,945$31,053$29,272$27,595$22,598
7 years$29,658$27,667$25,805$24,066$22,442$17,694
8 years$25,689$23,716$21,885$20,188$18,618$14,116
9 years$22,603$20,649$18,850$17,196$15,679$11,419
10 years$20,136$18,201$16,433$14,823$13,359$9,335
11 years$18,119$16,203$14,468$12,901$11,489$7,696
12 years$16,439$14,543$12,840$11,316$9,956$6,385
13 years$15,019$13,143$11,471$9,990$8,682$5,326
14 years$13,803$11,946$10,307$8,868$7,611$4,462
15 years$12,750$10,913$9,306$7,909$6,701$3,751
16 years$11,829$10,013$8,437$7,081$5,922$3,162
17 years$11,018$9,221$7,678$6,362$5,251$2,673
18 years$10,297$8,521$7,009$5,734$4,669$2,263
19 years$9,653$7,897$6,416$5,181$4,162$1,920
20 years$9,074$7,338$5,888$4,692$3,717$1,631
21 years$8,552$6,835$5,416$4,259$3,327$1,387
22 years$8,077$6,381$4,992$3,872$2,982$1,180
23 years$7,644$5,968$4,609$3,526$2,677$1,006
24 years$7,248$5,591$4,263$3,216$2,406$858
25 years$6,884$5,247$3,948$2,937$2,165$732
26 years$6,548$4,931$3,662$2,686$1,950$624
27 years$6,238$4,641$3,400$2,458$1,758$533
28 years$5,951$4,373$3,161$2,252$1,586$456
29 years$5,684$4,126$2,941$2,065$1,432$389
30 years$5,435$3,896$2,740$1,896$1,294$333
31 years$5,203$3,683$2,554$1,741$1,170$285
32 years$4,985$3,485$2,383$1,600$1,059$243
33 years$4,782$3,300$2,225$1,471$958$208
34 years$4,590$3,128$2,079$1,354$867$178
35 years$4,410$2,967$1,944$1,246$786$152
36 years$4,241$2,816$1,818$1,148$712$130
37 years$4,080$2,675$1,702$1,057$645$112
38 years$3,929$2,542$1,594$975$585$95
39 years$3,786$2,417$1,493$899$530$82
40 years$3,650$2,300$1,400$829$481$70
41 years$3,522$2,189$1,312$765$436$60
42 years$3,399$2,085$1,231$706$396$51
43 years$3,283$1,986$1,155$652$359$44
44 years$3,172$1,893$1,084$602$326$38
45 years$3,067$1,806$1,018$556$296$32
46 years$2,966$1,722$956$513$269$27
47 years$2,870$1,644$898$474$244$24
48 years$2,779$1,569$844$438$222$20
49 years$2,691$1,498$794$405$201$17
50 years$2,607$1,431$746$374$183$15

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 $3,771 every year, while hoping to spend $45,558 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: 52/43/5 Blend
60$2,670,000$2,670,000$2,670,000$2,670,000
61$2,946,230$2,804,720$2,763,335$3,095,933
62$3,198,272$2,893,678$2,807,433$3,286,737
63$3,474,495$2,985,468$2,851,482$3,488,819
64$3,777,319$3,080,180$2,895,431$3,707,462
65$4,109,405$3,177,909$2,939,228$3,944,229
66$4,473,689$3,278,751$2,982,817$4,200,845
67$4,873,401$3,382,806$3,026,137$4,479,201
68$5,312,100$3,490,176$3,069,125$4,781,381
69$5,793,708$3,600,968$3,111,714$5,109,677
70$6,322,543$3,715,292$3,153,833$5,466,609
71$6,903,361$3,833,260$3,195,406$5,854,950
72$7,541,405$3,954,991$3,236,353$6,277,752
73$8,242,447$4,080,604$3,276,590$6,738,375
74$9,012,848$4,210,225$3,316,026$7,240,514
75$9,859,614$4,343,982$3,354,569$7,788,238
76$10,790,466$4,482,008$3,392,118$8,386,026
77$11,813,906$4,624,439$3,428,567$9,038,808
78$12,939,307$4,771,419$3,463,806$9,752,010
79$14,176,990$4,923,093$3,497,718$10,531,610
80$15,538,331$5,079,611$3,530,178$11,384,187
81$17,035,859$5,241,131$3,561,058$12,316,985
82$18,683,383$5,407,813$3,590,220$13,337,983
83$20,496,115$5,579,822$3,617,519$14,455,965
84$22,490,817$5,757,332$3,642,804$15,680,607
85$24,685,958$5,940,519$3,665,916$17,022,564
86$27,101,887$6,129,565$3,686,685$18,493,571
87$29,761,026$6,324,661$3,704,936$20,106,553
88$32,688,083$6,526,001$3,720,483$21,875,746
89$35,910,279$6,733,787$3,733,131$23,816,832
90$39,457,611$6,948,227$3,742,675$25,947,083
91$43,363,133$7,169,535$3,748,900$28,285,527
92$47,663,265$7,397,935$3,751,580$30,853,121
93$52,398,138$7,633,654$3,750,479$33,672,955
94$57,611,975$7,876,930$3,745,347$36,770,464
95$63,353,504$8,128,007$3,735,923$40,173,669
96$69,676,420$8,387,137$3,721,935$43,913,437
97$76,639,890$8,654,583$3,703,095$48,023,780
98$84,309,113$8,930,612$3,679,104$52,542,162
99$92,755,934$9,215,503$3,649,644$57,509,865
100$102,059,520$9,509,543$3,614,388$62,972,368