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%11.7%
1 years$220,486$218,522$216,606$214,736$212,910$211,391
2 years$109,152$107,119$105,149$103,238$101,385$99,854
3 years$72,045$70,003$68,038$66,146$64,323$62,826
4 years$53,495$51,460$49,514$47,654$45,876$44,425
5 years$42,368$40,345$38,425$36,603$34,874$33,474
6 years$34,953$32,945$31,053$29,272$27,595$26,247
7 years$29,658$27,667$25,805$24,066$22,442$21,147
8 years$25,689$23,716$21,885$20,188$18,618$17,376
9 years$22,603$20,649$18,850$17,196$15,679$14,489
10 years$20,136$18,201$16,433$14,823$13,359$12,222
11 years$18,119$16,203$14,468$12,901$11,489$10,403
12 years$16,439$14,543$12,840$11,316$9,956$8,920
13 years$15,019$13,143$11,471$9,990$8,682$7,695
14 years$13,803$11,946$10,307$8,868$7,611$6,672
15 years$12,750$10,913$9,306$7,909$6,701$5,809
16 years$11,829$10,013$8,437$7,081$5,922$5,076
17 years$11,018$9,221$7,678$6,362$5,251$4,448
18 years$10,297$8,521$7,009$5,734$4,669$3,909
19 years$9,653$7,897$6,416$5,181$4,162$3,442
20 years$9,074$7,338$5,888$4,692$3,717$3,037
21 years$8,552$6,835$5,416$4,259$3,327$2,685
22 years$8,077$6,381$4,992$3,872$2,982$2,377
23 years$7,644$5,968$4,609$3,526$2,677$2,106
24 years$7,248$5,591$4,263$3,216$2,406$1,869
25 years$6,884$5,247$3,948$2,937$2,165$1,660
26 years$6,548$4,931$3,662$2,686$1,950$1,476
27 years$6,238$4,641$3,400$2,458$1,758$1,313
28 years$5,951$4,373$3,161$2,252$1,586$1,169
29 years$5,684$4,126$2,941$2,065$1,432$1,041
30 years$5,435$3,896$2,740$1,896$1,294$928
31 years$5,203$3,683$2,554$1,741$1,170$828
32 years$4,985$3,485$2,383$1,600$1,059$738
33 years$4,782$3,300$2,225$1,471$958$659
34 years$4,590$3,128$2,079$1,354$867$588
35 years$4,410$2,967$1,944$1,246$786$525
36 years$4,241$2,816$1,818$1,148$712$469
37 years$4,080$2,675$1,702$1,057$645$419
38 years$3,929$2,542$1,594$975$585$375
39 years$3,786$2,417$1,493$899$530$335
40 years$3,650$2,300$1,400$829$481$299
41 years$3,522$2,189$1,312$765$436$268
42 years$3,399$2,085$1,231$706$396$239
43 years$3,283$1,986$1,155$652$359$214
44 years$3,172$1,893$1,084$602$326$192
45 years$3,067$1,806$1,018$556$296$171
46 years$2,966$1,722$956$513$269$153
47 years$2,870$1,644$898$474$244$137
48 years$2,779$1,569$844$438$222$123
49 years$2,691$1,498$794$405$201$110
50 years$2,607$1,431$746$374$183$98

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 $3,017 every year, while hoping to spend $35,956 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: 73/12/15 Blend
60$2,670,000$2,670,000$2,670,000$2,670,000
61$2,945,452$2,803,942$2,762,557$3,150,458
62$3,207,631$2,903,078$2,816,846$3,385,798
63$3,495,348$3,005,867$2,871,748$3,638,807
64$3,811,168$3,112,450$2,927,247$3,914,999
65$4,157,920$3,222,972$2,983,322$4,216,662
66$4,538,718$3,337,588$3,039,954$4,546,319
67$4,956,993$3,456,456$3,097,118$4,906,746
68$5,416,525$3,579,741$3,154,790$5,301,000
69$5,921,478$3,707,615$3,212,943$5,732,450
70$6,476,438$3,840,258$3,271,546$6,204,804
71$7,086,460$3,977,856$3,330,568$6,722,145
72$7,757,111$4,120,603$3,389,974$7,288,971
73$8,494,526$4,268,702$3,449,727$7,910,238
74$9,305,461$4,422,362$3,509,787$8,591,401
75$10,197,364$4,581,803$3,570,111$9,338,472
76$11,178,437$4,747,254$3,630,651$10,158,073
77$12,257,719$4,918,951$3,691,360$11,057,495
78$13,445,169$5,097,142$3,752,183$12,044,775
79$14,751,759$5,282,085$3,813,064$13,128,763
80$16,189,580$5,474,049$3,873,944$14,319,209
81$17,771,953$5,673,313$3,934,756$15,626,855
82$19,513,556$5,880,169$3,995,434$17,063,535
83$21,430,561$6,094,919$4,055,903$18,642,287
84$23,540,789$6,317,881$4,116,087$20,377,475
85$25,863,876$6,549,384$4,175,903$22,284,924
86$28,421,459$6,789,771$4,235,263$24,382,069
87$31,237,378$7,039,401$4,294,075$26,688,121
88$34,337,905$7,298,645$4,352,240$29,224,245
89$37,751,986$7,567,894$4,409,655$32,013,761
90$41,511,519$7,847,552$4,466,209$35,082,363
91$45,651,653$8,138,041$4,521,786$38,458,363
92$50,211,118$8,439,801$4,576,263$42,172,954
93$55,232,593$8,753,292$4,629,509$46,260,508
94$60,763,107$9,078,993$4,681,386$50,758,895
95$66,854,482$9,417,402$4,731,751$55,709,847
96$73,563,824$9,769,039$4,780,449$61,159,344
97$80,954,059$10,134,447$4,827,319$67,158,051
98$89,094,530$10,514,192$4,872,192$73,761,798
99$98,061,649$10,908,864$4,914,887$81,032,101
100$107,939,617$11,319,078$4,955,215$89,036,745