Can I retire at age 61 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$221,312$219,341$217,417$215,540$213,707$209,649
2 years$109,560$107,520$105,542$103,625$101,765$97,693
3 years$72,315$70,265$68,293$66,394$64,564$60,604
4 years$53,696$51,653$49,700$47,833$46,048$42,231
5 years$42,527$40,496$38,569$36,740$35,005$31,342
6 years$35,084$33,068$31,170$29,381$27,698$24,193
7 years$29,769$27,771$25,902$24,156$22,526$19,179
8 years$25,785$23,805$21,967$20,264$18,687$15,499
9 years$22,688$20,726$18,920$17,260$15,737$12,705
10 years$20,212$18,269$16,495$14,879$13,409$10,529
11 years$18,187$16,264$14,522$12,949$11,532$8,802
12 years$16,501$14,598$12,888$11,358$9,994$7,409
13 years$15,075$13,192$11,514$10,027$8,715$6,272
14 years$13,855$11,991$10,346$8,901$7,639$5,334
15 years$12,797$10,954$9,341$7,938$6,726$4,553
16 years$11,873$10,050$8,469$7,108$5,945$3,899
17 years$11,059$9,256$7,706$6,386$5,271$3,348
18 years$10,336$8,553$7,035$5,755$4,687$2,881
19 years$9,689$7,927$6,440$5,200$4,177$2,484
20 years$9,108$7,366$5,910$4,710$3,731$2,146
21 years$8,584$6,861$5,436$4,275$3,339$1,856
22 years$8,107$6,404$5,011$3,887$2,993$1,607
23 years$7,672$5,990$4,626$3,540$2,687$1,393
24 years$7,275$5,612$4,279$3,228$2,415$1,208
25 years$6,909$5,267$3,963$2,948$2,173$1,049
26 years$6,573$4,950$3,675$2,696$1,957$912
27 years$6,262$4,658$3,413$2,468$1,765$792
28 years$5,973$4,390$3,173$2,261$1,592$689
29 years$5,705$4,141$2,952$2,073$1,438$600
30 years$5,455$3,911$2,750$1,903$1,299$522
31 years$5,222$3,697$2,564$1,747$1,175$454
32 years$5,004$3,498$2,392$1,606$1,062$396
33 years$4,799$3,313$2,234$1,477$962$345
34 years$4,607$3,140$2,087$1,359$871$300
35 years$4,427$2,978$1,951$1,251$789$262
36 years$4,256$2,827$1,825$1,152$714$228
37 years$4,096$2,685$1,708$1,061$648$199
38 years$3,944$2,551$1,600$978$587$173
39 years$3,800$2,426$1,499$902$532$151
40 years$3,664$2,308$1,405$832$483$132
41 years$3,535$2,197$1,317$768$438$115
42 years$3,412$2,093$1,236$708$397$100
43 years$3,295$1,994$1,160$654$361$88
44 years$3,184$1,900$1,088$604$327$76
45 years$3,078$1,812$1,022$558$297$67
46 years$2,977$1,729$960$515$270$58
47 years$2,881$1,650$902$476$245$51
48 years$2,789$1,575$847$440$223$44
49 years$2,701$1,504$797$406$202$39
50 years$2,617$1,437$749$376$184$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,680,000, adding $5,243 every year, while hoping to spend $27,165 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: 57/37/6 Blend
60$2,680,000$2,680,000$2,680,000$2,680,000
61$2,958,768$2,816,728$2,775,188$3,123,443
62$3,231,659$2,925,844$2,839,254$3,343,867
63$3,531,475$3,039,397$2,904,555$3,580,387
64$3,860,932$3,157,575$2,971,104$3,837,401
65$4,223,025$3,280,574$3,038,915$4,116,867
66$4,621,053$3,408,601$3,107,998$4,420,937
67$5,058,649$3,541,871$3,178,364$4,751,979
68$5,539,816$3,680,608$3,250,024$5,112,594
69$6,068,966$3,825,046$3,322,989$5,505,645
70$6,650,958$3,975,431$3,397,266$5,934,281
71$7,291,146$4,132,018$3,472,865$6,401,964
72$7,995,430$4,295,073$3,549,793$6,912,504
73$8,770,310$4,464,877$3,628,056$7,470,093
74$9,622,946$4,641,721$3,707,661$8,079,343
75$10,561,230$4,825,909$3,788,612$8,745,329
76$11,593,857$5,017,760$3,870,911$9,473,637
77$12,730,406$5,217,606$3,954,563$10,270,412
78$13,981,433$5,425,795$4,039,566$11,142,421
79$15,358,570$5,642,689$4,125,922$12,097,111
80$16,874,632$5,868,669$4,213,629$13,142,679
81$18,543,742$6,104,131$4,302,682$14,288,150
82$20,381,459$6,349,489$4,393,078$15,543,459
83$22,404,931$6,605,177$4,484,809$16,919,543
84$24,633,050$6,871,647$4,577,866$18,428,446
85$27,086,636$7,149,373$4,672,240$20,083,429
86$29,788,630$7,438,849$4,767,917$21,899,092
87$32,764,311$7,740,593$4,864,883$23,891,515
88$36,041,535$8,055,146$4,963,120$26,078,404
89$39,650,996$8,383,072$5,062,609$28,479,258
90$43,626,518$8,724,964$5,163,327$31,115,551
91$48,005,374$9,081,439$5,265,250$34,010,934
92$52,828,636$9,453,142$5,368,349$37,191,456
93$58,141,562$9,840,751$5,472,594$40,685,804
94$63,994,024$10,244,971$5,577,949$44,525,580
95$70,440,982$10,666,542$5,684,378$48,745,588
96$77,542,996$11,106,237$5,791,838$53,384,167
97$85,366,802$11,564,862$5,900,285$58,483,549
98$93,985,940$12,043,265$6,009,669$64,090,250
99$103,481,449$12,542,329$6,119,936$70,255,517
100$113,942,633$13,062,978$6,231,030$77,035,798