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%
1 years$221,312$219,341$217,417$215,540$213,707$208,456
2 years$109,560$107,520$105,542$103,625$101,765$96,507
3 years$72,315$70,265$68,293$66,394$64,564$59,464
4 years$53,696$51,653$49,700$47,833$46,048$41,144
5 years$42,527$40,496$38,569$36,740$35,005$30,311
6 years$35,084$33,068$31,170$29,381$27,698$23,220
7 years$29,769$27,771$25,902$24,156$22,526$18,263
8 years$25,785$23,805$21,967$20,264$18,687$14,639
9 years$22,688$20,726$18,920$17,260$15,737$11,899
10 years$20,212$18,269$16,495$14,879$13,409$9,777
11 years$18,187$16,264$14,522$12,949$11,532$8,101
12 years$16,501$14,598$12,888$11,358$9,994$6,757
13 years$15,075$13,192$11,514$10,027$8,715$5,667
14 years$13,855$11,991$10,346$8,901$7,639$4,773
15 years$12,797$10,954$9,341$7,938$6,726$4,035
16 years$11,873$10,050$8,469$7,108$5,945$3,422
17 years$11,059$9,256$7,706$6,386$5,271$2,908
18 years$10,336$8,553$7,035$5,755$4,687$2,477
19 years$9,689$7,927$6,440$5,200$4,177$2,114
20 years$9,108$7,366$5,910$4,710$3,731$1,807
21 years$8,584$6,861$5,436$4,275$3,339$1,546
22 years$8,107$6,404$5,011$3,887$2,993$1,324
23 years$7,672$5,990$4,626$3,540$2,687$1,135
24 years$7,275$5,612$4,279$3,228$2,415$974
25 years$6,909$5,267$3,963$2,948$2,173$836
26 years$6,573$4,950$3,675$2,696$1,957$719
27 years$6,262$4,658$3,413$2,468$1,765$618
28 years$5,973$4,390$3,173$2,261$1,592$531
29 years$5,705$4,141$2,952$2,073$1,438$457
30 years$5,455$3,911$2,750$1,903$1,299$393
31 years$5,222$3,697$2,564$1,747$1,175$338
32 years$5,004$3,498$2,392$1,606$1,062$291
33 years$4,799$3,313$2,234$1,477$962$251
34 years$4,607$3,140$2,087$1,359$871$216
35 years$4,427$2,978$1,951$1,251$789$186
36 years$4,256$2,827$1,825$1,152$714$160
37 years$4,096$2,685$1,708$1,061$648$138
38 years$3,944$2,551$1,600$978$587$119
39 years$3,800$2,426$1,499$902$532$102
40 years$3,664$2,308$1,405$832$483$88
41 years$3,535$2,197$1,317$768$438$76
42 years$3,412$2,093$1,236$708$397$66
43 years$3,295$1,994$1,160$654$361$57
44 years$3,184$1,900$1,088$604$327$49
45 years$3,078$1,812$1,022$558$297$42
46 years$2,977$1,729$960$515$270$36
47 years$2,881$1,650$902$476$245$31
48 years$2,789$1,575$847$440$223$27
49 years$2,701$1,504$797$406$202$23
50 years$2,617$1,437$749$376$184$20

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 $4,647 every year, while hoping to spend $39,198 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: 67/10/23 Blend
60$2,680,000$2,680,000$2,680,000$2,680,000
61$2,958,153$2,816,113$2,774,573$3,138,675
62$3,218,179$2,912,397$2,825,815$3,356,707
63$3,503,413$3,012,084$2,877,460$3,590,146
64$3,816,386$3,115,301$2,929,480$3,844,529
65$4,159,884$3,222,177$2,981,844$4,121,919
66$4,536,977$3,332,849$3,034,521$4,424,590
67$4,951,047$3,447,457$3,087,475$4,755,044
68$5,405,817$3,566,146$3,140,669$5,116,039
69$5,905,392$3,689,068$3,194,063$5,510,609
70$6,454,290$3,816,381$3,247,613$5,942,100
71$7,057,493$3,948,249$3,301,273$6,414,193
72$7,720,486$4,084,842$3,354,994$6,930,946
73$8,449,313$4,226,336$3,408,724$7,496,827
74$9,250,632$4,372,916$3,462,405$8,116,759
75$10,131,779$4,524,772$3,515,979$8,796,165
76$11,100,838$4,682,103$3,569,381$9,541,016
77$12,166,712$4,845,114$3,622,544$10,357,895
78$13,339,214$5,014,022$3,675,396$11,254,051
79$14,629,153$5,189,048$3,727,861$12,237,471
80$16,048,439$5,370,425$3,779,858$13,316,953
81$17,610,198$5,558,393$3,831,300$14,502,194
82$19,328,887$5,753,203$3,882,098$15,803,873
83$21,220,439$5,955,116$3,932,155$17,233,759
84$23,302,411$6,164,404$3,981,368$18,804,818
85$25,594,144$6,381,347$4,029,631$20,531,336
86$28,116,953$6,606,239$4,076,830$22,429,055
87$30,894,322$6,839,385$4,122,844$24,515,317
88$33,952,131$7,081,103$4,167,548$26,809,233
89$37,318,894$7,331,723$4,210,806$29,331,859
90$41,026,032$7,591,587$4,252,479$32,106,399
91$45,108,167$7,861,055$4,292,416$35,158,416
92$49,603,450$8,140,497$4,330,463$38,516,082
93$54,553,921$8,430,300$4,366,452$42,210,438
94$60,005,904$8,730,868$4,400,211$46,275,687
95$66,010,445$9,042,619$4,431,557$50,749,521
96$72,623,794$9,365,991$4,460,297$55,673,470
97$79,907,932$9,701,436$4,486,229$61,093,298
98$87,931,163$10,049,428$4,509,140$67,059,436
99$96,768,752$10,410,460$4,528,805$73,627,452
100$106,503,635$10,785,043$4,544,991$80,858,582