Can I retire at age 61 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$225,441$223,433$221,474$219,561$217,694$215,063
2 years$111,604$109,526$107,511$105,558$103,664$101,016
3 years$73,664$71,576$69,567$67,632$65,769$63,186
4 years$54,697$52,616$50,627$48,725$46,907$44,410
5 years$43,320$41,252$39,289$37,426$35,658$33,253
6 years$35,738$33,685$31,751$29,930$28,215$25,906
7 years$30,324$28,289$26,385$24,607$22,946$20,734
8 years$26,266$24,249$22,377$20,642$19,036$16,920
9 years$23,111$21,113$19,273$17,582$16,031$14,010
10 years$20,589$18,610$16,803$15,156$13,659$11,732
11 years$18,526$16,567$14,793$13,190$11,747$9,913
12 years$16,809$14,870$13,128$11,570$10,180$8,436
13 years$15,357$13,438$11,729$10,214$8,877$7,221
14 years$14,113$12,215$10,539$9,067$7,782$6,211
15 years$13,036$11,158$9,515$8,086$6,852$5,364
16 years$12,095$10,238$8,627$7,240$6,056$4,649
17 years$11,265$9,429$7,850$6,505$5,369$4,040
18 years$10,529$8,712$7,166$5,863$4,774$3,520
19 years$9,870$8,075$6,560$5,297$4,255$3,073
20 years$9,278$7,503$6,021$4,798$3,801$2,688
21 years$8,744$6,989$5,538$4,354$3,401$2,355
22 years$8,258$6,524$5,104$3,959$3,049$2,066
23 years$7,816$6,102$4,713$3,606$2,737$1,814
24 years$7,410$5,717$4,358$3,289$2,460$1,595
25 years$7,038$5,365$4,037$3,003$2,214$1,404
26 years$6,695$5,042$3,744$2,746$1,994$1,236
27 years$6,378$4,745$3,477$2,514$1,798$1,089
28 years$6,085$4,472$3,232$2,303$1,622$961
29 years$5,811$4,218$3,008$2,112$1,465$847
30 years$5,557$3,984$2,801$1,938$1,323$748
31 years$5,320$3,766$2,612$1,780$1,196$660
32 years$5,097$3,563$2,437$1,636$1,082$583
33 years$4,889$3,375$2,275$1,504$979$516
34 years$4,693$3,198$2,126$1,384$887$456
35 years$4,509$3,034$1,987$1,274$803$403
36 years$4,336$2,879$1,859$1,173$728$356
37 years$4,172$2,735$1,740$1,081$660$315
38 years$4,017$2,599$1,630$997$598$279
39 years$3,871$2,471$1,527$919$542$247
40 years$3,732$2,351$1,431$848$492$218
41 years$3,601$2,238$1,342$782$446$193
42 years$3,476$2,132$1,259$722$405$171
43 years$3,357$2,031$1,181$666$367$151
44 years$3,244$1,936$1,109$615$334$134
45 years$3,136$1,846$1,041$568$303$119
46 years$3,033$1,761$978$525$275$105
47 years$2,935$1,681$919$485$250$93
48 years$2,841$1,604$863$448$227$82
49 years$2,751$1,532$811$414$206$73
50 years$2,665$1,464$763$383$187$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,730,000, adding $4,369 every year, while hoping to spend $23,201 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: 36/48/16 Blend
60$2,730,000$2,730,000$2,730,000$2,730,000
61$3,012,967$2,868,277$2,825,962$3,106,544
62$3,295,604$2,984,136$2,895,946$3,290,497
63$3,606,292$3,104,896$2,967,497$3,486,441
64$3,947,868$3,230,770$3,040,642$3,697,479
65$4,323,458$3,361,985$3,115,411$3,924,971
66$4,736,505$3,498,777$3,191,831$4,170,405
67$5,190,802$3,641,390$3,269,931$4,435,414
68$5,690,529$3,790,084$3,349,739$4,721,793
69$6,240,292$3,945,127$3,431,284$5,031,508
70$6,845,164$4,106,801$3,514,595$5,366,719
71$7,510,737$4,275,400$3,599,700$5,729,796
72$8,243,170$4,451,233$3,686,628$6,123,344
73$9,049,252$4,634,621$3,775,408$6,550,223
74$9,936,459$4,825,902$3,866,069$7,013,573
75$10,913,034$5,025,427$3,958,638$7,516,846
76$11,988,056$5,233,565$4,053,144$8,063,834
77$13,171,529$5,450,701$4,149,616$8,658,705
78$14,474,479$5,677,239$4,248,082$9,306,041
79$15,909,052$5,913,600$4,348,569$10,010,878
80$17,488,634$6,160,225$4,451,105$10,778,752
81$19,227,975$6,417,576$4,555,717$11,615,753
82$21,143,326$6,686,136$4,662,432$12,528,574
83$23,252,598$6,966,409$4,771,276$13,524,581
84$25,575,524$7,258,924$4,882,274$14,611,872
85$28,133,850$7,564,233$4,995,453$15,799,356
86$30,951,538$7,882,916$5,110,836$17,096,837
87$34,054,993$8,215,578$5,228,447$18,515,097
88$37,473,313$8,562,851$5,348,311$20,066,003
89$41,238,559$8,925,400$5,470,448$21,762,613
90$45,386,064$9,303,916$5,594,880$23,619,296
91$49,954,762$9,699,127$5,721,627$25,651,866
92$54,987,555$10,111,792$5,850,709$27,877,731
93$60,531,721$10,542,705$5,982,144$30,316,050
94$66,639,359$10,992,700$6,115,948$32,987,913
95$73,367,878$11,462,647$6,252,136$35,916,536
96$80,780,542$11,953,457$6,390,723$39,127,479
97$88,947,065$12,466,084$6,531,720$42,648,883
98$97,944,272$13,001,528$6,675,139$46,511,728
99$107,856,818$13,560,834$6,820,987$50,750,128
100$118,777,995$14,145,096$6,969,271$55,401,646