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

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$221,312$219,341$217,417$215,540$213,707$207,950
2 years$109,560$107,520$105,542$103,625$101,765$96,007
3 years$72,315$70,265$68,293$66,394$64,564$58,984
4 years$53,696$51,653$49,700$47,833$46,048$40,688
5 years$42,527$40,496$38,569$36,740$35,005$29,881
6 years$35,084$33,068$31,170$29,381$27,698$22,816
7 years$29,769$27,771$25,902$24,156$22,526$17,884
8 years$25,785$23,805$21,967$20,264$18,687$14,285
9 years$22,688$20,726$18,920$17,260$15,737$11,569
10 years$20,212$18,269$16,495$14,879$13,409$9,470
11 years$18,187$16,264$14,522$12,949$11,532$7,817
12 years$16,501$14,598$12,888$11,358$9,994$6,495
13 years$15,075$13,192$11,514$10,027$8,715$5,425
14 years$13,855$11,991$10,346$8,901$7,639$4,551
15 years$12,797$10,954$9,341$7,938$6,726$3,831
16 years$11,873$10,050$8,469$7,108$5,945$3,234
17 years$11,059$9,256$7,706$6,386$5,271$2,737
18 years$10,336$8,553$7,035$5,755$4,687$2,321
19 years$9,689$7,927$6,440$5,200$4,177$1,972
20 years$9,108$7,366$5,910$4,710$3,731$1,678
21 years$8,584$6,861$5,436$4,275$3,339$1,429
22 years$8,107$6,404$5,011$3,887$2,993$1,218
23 years$7,672$5,990$4,626$3,540$2,687$1,040
24 years$7,275$5,612$4,279$3,228$2,415$888
25 years$6,909$5,267$3,963$2,948$2,173$759
26 years$6,573$4,950$3,675$2,696$1,957$649
27 years$6,262$4,658$3,413$2,468$1,765$555
28 years$5,973$4,390$3,173$2,261$1,592$475
29 years$5,705$4,141$2,952$2,073$1,438$406
30 years$5,455$3,911$2,750$1,903$1,299$348
31 years$5,222$3,697$2,564$1,747$1,175$298
32 years$5,004$3,498$2,392$1,606$1,062$255
33 years$4,799$3,313$2,234$1,477$962$219
34 years$4,607$3,140$2,087$1,359$871$187
35 years$4,427$2,978$1,951$1,251$789$161
36 years$4,256$2,827$1,825$1,152$714$138
37 years$4,096$2,685$1,708$1,061$648$118
38 years$3,944$2,551$1,600$978$587$101
39 years$3,800$2,426$1,499$902$532$87
40 years$3,664$2,308$1,405$832$483$74
41 years$3,535$2,197$1,317$768$438$64
42 years$3,412$2,093$1,236$708$397$55
43 years$3,295$1,994$1,160$654$361$47
44 years$3,184$1,900$1,088$604$327$40
45 years$3,078$1,812$1,022$558$297$34
46 years$2,977$1,729$960$515$270$30
47 years$2,881$1,650$902$476$245$25
48 years$2,789$1,575$847$440$223$22
49 years$2,701$1,504$797$406$202$19
50 years$2,617$1,437$749$376$184$16

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 $5,090 every year, while hoping to spend $47,460 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: 57/17/26 Blend
60$2,680,000$2,680,000$2,680,000$2,680,000
61$2,958,610$2,816,570$2,775,030$3,105,984
62$3,209,892$2,904,085$2,817,497$3,295,033
63$3,485,213$2,994,298$2,859,795$3,495,546
64$3,786,976$3,087,290$2,901,870$3,713,108
65$4,117,827$3,183,146$2,943,662$3,949,380
66$4,480,678$3,281,953$2,985,107$4,206,190
67$4,878,740$3,383,802$3,026,141$4,485,553
68$5,315,546$3,488,783$3,066,692$4,789,686
69$5,794,991$3,596,993$3,106,685$5,121,032
70$6,321,363$3,708,528$3,146,042$5,482,281
71$6,899,386$3,823,490$3,184,678$5,876,397
72$7,534,265$3,941,982$3,222,507$6,306,643
73$8,231,732$4,064,112$3,259,433$6,776,615
74$8,998,104$4,189,988$3,295,359$7,290,274
75$9,840,338$4,319,725$3,330,180$7,851,981
76$10,766,099$4,453,438$3,363,788$8,466,543
77$11,783,832$4,591,247$3,396,066$9,139,255
78$12,902,841$4,733,276$3,426,892$9,875,951
79$14,133,376$4,879,652$3,456,138$10,683,058
80$15,486,731$5,030,506$3,483,670$11,567,656
81$16,975,348$5,185,971$3,509,343$12,537,548
82$18,612,936$5,346,187$3,533,009$13,601,329
83$20,414,601$5,511,296$3,554,511$14,768,471
84$22,396,985$5,681,444$3,573,681$16,049,409
85$24,578,425$5,856,782$3,590,347$17,455,642
86$26,979,126$6,037,465$3,604,325$18,999,839
87$29,621,350$6,223,654$3,615,423$20,695,962
88$32,529,626$6,415,512$3,623,438$22,559,395
89$35,730,985$6,613,209$3,628,160$24,607,088
90$39,255,207$6,816,917$3,629,365$26,857,720
91$43,135,108$7,026,817$3,626,819$29,331,874
92$47,406,850$7,243,092$3,620,279$32,052,231
93$52,110,276$7,465,931$3,609,485$35,043,783
94$57,289,292$7,695,529$3,594,170$38,334,071
95$62,992,275$7,932,086$3,574,051$41,953,445
96$69,272,537$8,175,807$3,548,831$45,935,347
97$76,188,819$8,426,905$3,518,200$50,316,631
98$83,805,852$8,685,597$3,481,834$55,137,909
99$92,194,965$8,952,107$3,439,391$60,443,933
100$101,434,756$9,226,665$3,390,515$66,284,020