Can I retire at age 61 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$222,138$220,159$218,229$216,344$214,504$209,745
2 years$109,969$107,921$105,936$104,012$102,145$97,375
3 years$72,585$70,528$68,548$66,641$64,805$60,173
4 years$53,896$51,845$49,885$48,011$46,219$41,761
5 years$42,686$40,647$38,713$36,877$35,135$30,863
6 years$35,215$33,192$31,286$29,491$27,801$23,720
7 years$29,880$27,874$25,999$24,246$22,610$18,720
8 years$25,881$23,893$22,049$20,340$18,757$15,057
9 years$22,773$20,803$18,991$17,325$15,796$12,284
10 years$20,287$18,337$16,557$14,934$13,459$10,130
11 years$18,255$16,325$14,576$12,997$11,575$8,426
12 years$16,562$14,652$12,936$11,400$10,031$7,056
13 years$15,132$13,241$11,557$10,065$8,747$5,941
14 years$13,906$12,036$10,384$8,934$7,668$5,025
15 years$12,845$10,995$9,376$7,968$6,751$4,266
16 years$11,918$10,088$8,500$7,134$5,967$3,632
17 years$11,100$9,290$7,735$6,410$5,291$3,101
18 years$10,374$8,585$7,061$5,777$4,704$2,653
19 years$9,726$7,956$6,464$5,220$4,193$2,274
20 years$9,142$7,393$5,932$4,728$3,745$1,952
21 years$8,616$6,887$5,457$4,291$3,352$1,678
22 years$8,137$6,428$5,029$3,901$3,004$1,444
23 years$7,701$6,012$4,644$3,553$2,697$1,244
24 years$7,302$5,633$4,295$3,240$2,424$1,073
25 years$6,935$5,286$3,978$2,959$2,181$925
26 years$6,597$4,968$3,689$2,706$1,965$799
27 years$6,285$4,676$3,426$2,477$1,771$690
28 years$5,995$4,406$3,185$2,269$1,598$596
29 years$5,726$4,157$2,963$2,081$1,443$515
30 years$5,476$3,925$2,760$1,910$1,304$446
31 years$5,242$3,711$2,573$1,754$1,179$385
32 years$5,023$3,511$2,401$1,612$1,066$333
33 years$4,817$3,325$2,242$1,482$965$289
34 years$4,625$3,152$2,095$1,364$874$250
35 years$4,443$2,989$1,958$1,256$791$216
36 years$4,272$2,837$1,832$1,156$717$187
37 years$4,111$2,695$1,715$1,065$650$162
38 years$3,959$2,561$1,606$982$589$140
39 years$3,814$2,435$1,504$905$534$122
40 years$3,678$2,317$1,410$835$485$105
41 years$3,548$2,205$1,322$771$440$91
42 years$3,425$2,100$1,240$711$399$79
43 years$3,308$2,001$1,164$656$362$68
44 years$3,196$1,908$1,092$606$329$59
45 years$3,090$1,819$1,026$560$298$51
46 years$2,989$1,735$963$517$271$44
47 years$2,892$1,656$905$478$246$39
48 years$2,799$1,581$851$441$223$33
49 years$2,711$1,510$799$408$203$29
50 years$2,626$1,442$752$377$184$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,690,000, adding $4,069 every year, while hoping to spend $38,252 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: 44/31/25 Blend
60$2,690,000$2,690,000$2,690,000$2,690,000
61$2,968,577$2,826,007$2,784,312$3,077,502
62$3,230,672$2,923,782$2,836,887$3,253,039
63$3,518,219$3,025,065$2,889,941$3,439,197
64$3,833,773$3,129,989$2,943,449$3,640,239
65$4,180,149$3,238,690$2,997,386$3,857,568
66$4,560,449$3,351,310$3,051,724$4,092,726
67$4,978,088$3,467,998$3,106,429$4,347,410
68$5,436,829$3,588,906$3,161,471$4,623,487
69$5,940,818$3,714,194$3,216,812$4,923,007
70$6,494,620$3,844,028$3,272,414$5,248,231
71$7,103,267$3,978,582$3,328,236$5,601,643
72$7,772,301$4,118,033$3,384,233$5,985,976
73$8,507,829$4,262,570$3,440,357$6,404,242
74$9,316,577$4,412,385$3,496,559$6,859,750
75$10,205,957$4,567,681$3,552,783$7,356,148
76$11,184,136$4,728,669$3,608,972$7,897,448
77$12,260,109$4,895,565$3,665,064$8,488,067
78$13,443,790$5,068,598$3,720,994$9,132,870
79$14,746,101$5,248,004$3,776,692$9,837,210
80$16,179,076$5,434,028$3,832,083$10,606,985
81$17,755,974$5,626,927$3,887,090$11,448,685
82$19,491,404$5,826,967$3,941,628$12,369,461
83$21,401,464$6,034,425$3,995,609$13,377,185
84$23,503,891$6,249,590$4,048,940$14,480,527
85$25,818,229$6,472,761$4,101,521$15,689,035
86$28,366,013$6,704,252$4,153,247$17,013,227
87$31,170,973$6,944,386$4,204,007$18,464,685
88$34,259,254$7,193,503$4,253,683$20,056,167
89$37,659,669$7,451,956$4,302,153$21,801,727
90$41,403,965$7,720,111$4,349,284$23,716,842
91$45,527,123$7,998,350$4,394,939$25,818,565
92$50,067,692$8,287,072$4,438,972$28,125,678
93$55,068,148$8,586,690$4,481,229$30,658,873
94$60,575,298$8,897,636$4,521,549$33,440,943
95$66,640,718$9,220,360$4,559,760$36,497,000
96$73,321,243$9,555,330$4,595,684$39,854,708
97$80,679,502$9,903,033$4,629,132$43,544,544
98$88,784,507$10,263,978$4,659,904$47,600,085
99$97,712,307$10,638,694$4,687,791$52,058,324
100$107,546,704$11,027,731$4,712,574$56,960,017