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%13.7%
1 years$222,963$220,977$219,040$217,149$215,302$211,997
2 years$110,378$108,322$106,330$104,398$102,525$99,203
3 years$72,854$70,790$68,803$66,889$65,046$61,811
4 years$54,096$52,038$50,071$48,190$46,391$43,268
5 years$42,844$40,798$38,857$37,014$35,266$32,263
6 years$35,345$33,315$31,402$29,601$27,905$25,026
7 years$29,991$27,978$26,095$24,336$22,694$19,940
8 years$25,977$23,982$22,131$20,415$18,827$16,198
9 years$22,857$20,881$19,061$17,389$15,855$13,349
10 years$20,362$18,405$16,618$14,990$13,509$11,124
11 years$18,323$16,385$14,630$13,045$11,618$9,352
12 years$16,624$14,707$12,984$11,443$10,068$7,918
13 years$15,188$13,290$11,600$10,102$8,780$6,743
14 years$13,958$12,081$10,423$8,968$7,696$5,769
15 years$12,893$11,036$9,411$7,997$6,776$4,955
16 years$11,962$10,125$8,532$7,161$5,989$4,270
17 years$11,141$9,325$7,764$6,434$5,310$3,690
18 years$10,413$8,617$7,087$5,798$4,722$3,197
19 years$9,762$7,986$6,488$5,239$4,208$2,775
20 years$9,176$7,421$5,954$4,745$3,759$2,413
21 years$8,648$6,912$5,477$4,307$3,364$2,101
22 years$8,167$6,452$5,048$3,916$3,015$1,832
23 years$7,730$6,035$4,661$3,566$2,707$1,599
24 years$7,329$5,654$4,310$3,252$2,433$1,397
25 years$6,961$5,306$3,992$2,970$2,189$1,222
26 years$6,622$4,987$3,703$2,716$1,972$1,069
27 years$6,308$4,693$3,438$2,486$1,778$936
28 years$6,018$4,422$3,196$2,278$1,604$820
29 years$5,748$4,172$2,974$2,089$1,449$719
30 years$5,496$3,940$2,771$1,917$1,309$630
31 years$5,261$3,725$2,583$1,760$1,183$553
32 years$5,041$3,524$2,410$1,618$1,070$485
33 years$4,835$3,338$2,250$1,488$969$426
34 years$4,642$3,163$2,102$1,369$877$374
35 years$4,460$3,000$1,966$1,260$794$328
36 years$4,288$2,848$1,839$1,161$720$288
37 years$4,126$2,705$1,721$1,069$652$253
38 years$3,973$2,570$1,612$986$591$223
39 years$3,829$2,444$1,510$909$536$196
40 years$3,691$2,325$1,415$838$486$172
41 years$3,561$2,214$1,327$773$441$151
42 years$3,437$2,108$1,245$714$400$133
43 years$3,320$2,009$1,168$659$363$117
44 years$3,208$1,915$1,097$608$330$103
45 years$3,101$1,826$1,030$562$299$90
46 years$3,000$1,742$967$519$272$79
47 years$2,903$1,662$909$479$247$70
48 years$2,810$1,587$854$443$224$61
49 years$2,721$1,515$802$409$204$54
50 years$2,636$1,447$754$378$185$47

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 $4,495 every year, while hoping to spend $30,354 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: 38/39/23 Blend
60$2,700,000$2,700,000$2,700,000$2,700,000
61$2,980,037$2,836,937$2,795,087$3,072,641
62$3,251,704$2,943,650$2,856,426$3,247,065
63$3,550,064$3,054,575$2,918,802$3,432,280
64$3,877,807$3,169,886$2,982,219$3,631,844
65$4,237,898$3,289,765$3,046,678$3,847,073
66$4,633,602$3,414,401$3,112,179$4,079,411
67$5,068,515$3,543,993$3,178,723$4,330,446
68$5,546,602$3,678,747$3,246,309$4,601,922
69$6,072,228$3,818,879$3,314,933$4,895,755
70$6,650,204$3,964,612$3,384,592$5,214,051
71$7,285,830$4,116,183$3,455,281$5,559,123
72$7,984,945$4,273,836$3,526,993$5,933,516
73$8,753,982$4,437,827$3,599,720$6,340,027
74$9,600,030$4,608,423$3,673,452$6,781,731
75$10,530,898$4,785,901$3,748,179$7,262,009
76$11,555,193$4,970,553$3,823,886$7,784,582
77$12,682,396$5,162,683$3,900,559$8,353,540
78$13,922,953$5,362,608$3,978,180$8,973,384
79$15,288,376$5,570,657$4,056,731$9,649,066
80$16,791,349$5,787,178$4,136,190$10,386,032
81$18,445,847$6,012,530$4,216,533$11,190,278
82$20,267,270$6,247,090$4,297,733$12,068,400
83$22,272,586$6,491,252$4,379,762$13,027,658
84$24,480,493$6,745,427$4,462,587$14,076,042
85$26,911,594$7,010,044$4,546,175$15,222,348
86$29,588,591$7,285,550$4,630,486$16,476,258
87$32,536,500$7,572,415$4,715,480$17,848,428
88$35,782,887$7,871,128$4,801,113$19,350,591
89$39,358,127$8,182,198$4,887,336$20,995,666
90$43,295,691$8,506,161$4,974,096$22,797,874
91$47,632,463$8,843,574$5,061,339$24,772,876
92$52,409,084$9,195,019$5,149,004$26,937,916
93$57,670,341$9,561,105$5,237,026$29,311,982
94$63,465,585$9,942,469$5,325,336$31,915,984
95$69,849,200$10,339,775$5,413,860$34,772,951
96$76,881,112$10,753,718$5,502,518$37,908,243
97$84,627,359$11,185,023$5,591,226$41,349,791
98$93,160,711$11,634,451$5,679,893$45,128,357
99$102,561,358$12,102,794$5,768,424$49,277,823
100$112,917,666$12,590,880$5,856,716$53,835,509