Can I retire at age 61 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$222,963$220,977$219,040$217,149$215,302$214,124
2 years$110,378$108,322$106,330$104,398$102,525$101,337
3 years$72,854$70,790$68,803$66,889$65,046$63,884
4 years$54,096$52,038$50,071$48,190$46,391$45,264
5 years$42,844$40,798$38,857$37,014$35,266$34,178
6 years$35,345$33,315$31,402$29,601$27,905$26,856
7 years$29,991$27,978$26,095$24,336$22,694$21,686
8 years$25,977$23,982$22,131$20,415$18,827$17,859
9 years$22,857$20,881$19,061$17,389$15,855$14,927
10 years$20,362$18,405$16,618$14,990$13,509$12,621
11 years$18,323$16,385$14,630$13,045$11,618$10,769
12 years$16,624$14,707$12,984$11,443$10,068$9,258
13 years$15,188$13,290$11,600$10,102$8,780$8,007
14 years$13,958$12,081$10,423$8,968$7,696$6,960
15 years$12,893$11,036$9,411$7,997$6,776$6,076
16 years$11,962$10,125$8,532$7,161$5,989$5,323
17 years$11,141$9,325$7,764$6,434$5,310$4,678
18 years$10,413$8,617$7,087$5,798$4,722$4,122
19 years$9,762$7,986$6,488$5,239$4,208$3,641
20 years$9,176$7,421$5,954$4,745$3,759$3,222
21 years$8,648$6,912$5,477$4,307$3,364$2,856
22 years$8,167$6,452$5,048$3,916$3,015$2,536
23 years$7,730$6,035$4,661$3,566$2,707$2,254
24 years$7,329$5,654$4,310$3,252$2,433$2,007
25 years$6,961$5,306$3,992$2,970$2,189$1,788
26 years$6,622$4,987$3,703$2,716$1,972$1,594
27 years$6,308$4,693$3,438$2,486$1,778$1,423
28 years$6,018$4,422$3,196$2,278$1,604$1,271
29 years$5,748$4,172$2,974$2,089$1,449$1,136
30 years$5,496$3,940$2,771$1,917$1,309$1,016
31 years$5,261$3,725$2,583$1,760$1,183$909
32 years$5,041$3,524$2,410$1,618$1,070$813
33 years$4,835$3,338$2,250$1,488$969$728
34 years$4,642$3,163$2,102$1,369$877$652
35 years$4,460$3,000$1,966$1,260$794$584
36 years$4,288$2,848$1,839$1,161$720$524
37 years$4,126$2,705$1,721$1,069$652$470
38 years$3,973$2,570$1,612$986$591$421
39 years$3,829$2,444$1,510$909$536$378
40 years$3,691$2,325$1,415$838$486$339
41 years$3,561$2,214$1,327$773$441$304
42 years$3,437$2,108$1,245$714$400$273
43 years$3,320$2,009$1,168$659$363$245
44 years$3,208$1,915$1,097$608$330$220
45 years$3,101$1,826$1,030$562$299$197
46 years$3,000$1,742$967$519$272$177
47 years$2,903$1,662$909$479$247$159
48 years$2,810$1,587$854$443$224$143
49 years$2,721$1,515$802$409$204$128
50 years$2,636$1,447$754$378$185$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,700,000, adding $3,350 every year, while hoping to spend $24,966 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: 74/9/17 Blend
60$2,700,000$2,700,000$2,700,000$2,700,000
61$2,978,856$2,835,756$2,793,906$3,187,500
62$3,256,135$2,948,144$2,860,938$3,438,573
63$3,560,861$3,065,203$2,929,379$3,710,219
64$3,895,805$3,187,134$2,999,249$4,007,220
65$4,264,023$3,314,150$3,070,571$4,332,093
66$4,668,881$3,446,471$3,143,362$4,687,607
67$5,114,088$3,584,329$3,217,646$5,076,812
68$5,603,728$3,727,964$3,293,440$5,503,065
69$6,142,304$3,877,630$3,370,766$5,970,065
70$6,734,775$4,033,590$3,449,643$6,481,884
71$7,386,606$4,196,119$3,530,089$7,043,009
72$8,103,817$4,365,507$3,612,125$7,658,380
73$8,893,043$4,542,053$3,695,767$8,333,439
74$9,761,592$4,726,073$3,781,035$9,074,179
75$10,717,520$4,917,896$3,867,945$9,887,203
76$11,769,700$5,117,866$3,956,514$10,779,782
77$12,927,911$5,326,343$4,046,759$11,759,928
78$14,202,927$5,543,702$4,138,694$12,836,466
79$15,606,620$5,770,338$4,232,335$14,019,116
80$17,152,073$6,006,662$4,327,695$15,318,589
81$18,853,699$6,253,103$4,424,788$16,746,681
82$20,727,382$6,510,111$4,523,624$18,316,391
83$22,790,625$6,778,157$4,624,216$20,042,037
84$25,062,715$7,057,732$4,726,573$21,939,396
85$27,564,901$7,349,351$4,830,703$24,025,848
86$30,320,604$7,653,552$4,936,614$26,320,542
87$33,355,626$7,970,897$5,044,311$28,844,575
88$36,698,404$8,301,975$5,153,800$31,621,193
89$40,380,271$8,647,401$5,265,082$34,676,006
90$44,435,756$9,007,821$5,378,159$38,037,232
91$48,902,906$9,383,907$5,493,030$41,735,962
92$53,823,648$9,776,364$5,609,692$45,806,454
93$59,244,184$10,185,930$5,728,141$50,286,453
94$65,215,427$10,613,376$5,848,370$55,217,548
95$71,793,478$11,059,510$5,970,368$60,645,565
96$79,040,163$11,525,175$6,094,126$66,620,997
97$87,023,607$12,011,257$6,219,627$73,199,483
98$95,818,886$12,518,679$6,346,854$80,442,327
99$105,508,727$13,048,409$6,475,789$88,417,083
100$116,184,295$13,601,459$6,606,406$97,198,183