Can I retire at age 61 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$227,092$225,070$223,096$221,170$219,289$210,671
2 years$112,422$110,328$108,299$106,332$104,423$95,847
3 years$74,204$72,101$70,077$68,128$66,250$57,985
4 years$55,098$53,002$50,998$49,082$47,250$39,359
5 years$43,638$41,554$39,576$37,700$35,919$28,422
6 years$36,000$33,932$31,984$30,149$28,421$21,323
7 years$30,547$28,496$26,579$24,787$23,114$16,412
8 years$26,458$24,426$22,541$20,793$19,175$12,863
9 years$23,280$21,268$19,414$17,711$16,149$10,217
10 years$20,740$18,746$16,926$15,267$13,759$8,196
11 years$18,662$16,689$14,901$13,287$11,834$6,626
12 years$16,932$14,979$13,224$11,655$10,255$5,390
13 years$15,469$13,537$11,815$10,289$8,942$4,405
14 years$14,216$12,304$10,616$9,134$7,839$3,614
15 years$13,132$11,240$9,585$8,146$6,902$2,974
16 years$12,184$10,313$8,690$7,293$6,100$2,453
17 years$11,348$9,498$7,908$6,553$5,409$2,028
18 years$10,606$8,776$7,219$5,906$4,809$1,680
19 years$9,943$8,134$6,608$5,336$4,286$1,393
20 years$9,346$7,558$6,065$4,833$3,829$1,156
21 years$8,808$7,040$5,578$4,386$3,426$961
22 years$8,319$6,572$5,141$3,988$3,071$799
23 years$7,873$6,146$4,747$3,632$2,757$665
24 years$7,465$5,759$4,390$3,313$2,478$553
25 years$7,090$5,404$4,066$3,025$2,230$461
26 years$6,744$5,079$3,771$2,766$2,008$384
27 years$6,425$4,780$3,502$2,532$1,811$320
28 years$6,129$4,504$3,256$2,320$1,634$267
29 years$5,854$4,249$3,030$2,127$1,475$223
30 years$5,598$4,013$2,822$1,952$1,333$186
31 years$5,359$3,794$2,631$1,793$1,205$155
32 years$5,135$3,590$2,455$1,648$1,090$129
33 years$4,925$3,399$2,292$1,515$987$108
34 years$4,728$3,222$2,141$1,394$893$90
35 years$4,542$3,056$2,002$1,284$809$75
36 years$4,368$2,900$1,873$1,182$733$63
37 years$4,203$2,755$1,753$1,089$664$52
38 years$4,047$2,618$1,642$1,004$602$44
39 years$3,899$2,489$1,538$926$546$36
40 years$3,760$2,369$1,442$854$495$30
41 years$3,627$2,255$1,352$788$449$25
42 years$3,501$2,147$1,268$727$408$21
43 years$3,381$2,046$1,190$671$370$18
44 years$3,267$1,950$1,117$620$336$15
45 years$3,159$1,860$1,049$572$305$12
46 years$3,055$1,774$985$529$277$10
47 years$2,956$1,693$925$488$251$9
48 years$2,862$1,616$870$451$228$7
49 years$2,771$1,543$817$417$207$6
50 years$2,685$1,474$768$385$188$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,750,000, adding $6,480 every year, while hoping to spend $29,890 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: 62/28/10 Blend
60$2,750,000$2,750,000$2,750,000$2,750,000
61$3,037,184$2,891,434$2,848,809$3,218,285
62$3,315,174$3,001,312$2,912,441$3,450,160
63$3,620,517$3,115,571$2,977,204$3,699,117
64$3,955,972$3,234,397$3,043,102$3,970,108
65$4,324,578$3,357,978$3,110,142$4,265,266
66$4,729,681$3,486,516$3,178,329$4,586,939
67$5,174,972$3,620,218$3,247,666$4,937,707
68$5,664,512$3,759,301$3,318,155$5,320,411
69$6,202,778$3,903,993$3,389,800$5,738,176
70$6,794,703$4,054,531$3,462,600$6,194,442
71$7,445,720$4,211,160$3,536,554$6,692,995
72$8,161,817$4,374,140$3,611,662$7,238,000
73$8,949,589$4,543,740$3,687,920$7,834,044
74$9,816,306$4,720,242$3,765,323$8,486,174
75$10,769,974$4,903,938$3,843,866$9,199,947
76$11,819,416$5,095,137$3,923,541$9,981,482
77$12,974,356$5,294,157$4,004,339$10,837,514
78$14,245,504$5,501,335$4,086,248$11,775,459
79$15,644,663$5,717,018$4,169,256$12,803,482
80$17,184,840$5,941,573$4,253,347$13,930,576
81$18,880,364$6,175,381$4,338,504$15,166,641
82$20,747,025$6,418,839$4,424,708$16,522,582
83$22,802,224$6,672,364$4,511,938$18,010,405
84$25,065,131$6,936,390$4,600,168$19,643,337
85$27,556,872$7,211,371$4,689,372$21,435,940
86$30,300,727$7,497,782$4,779,519$23,404,257
87$33,322,346$7,796,118$4,870,578$25,565,956
88$36,649,995$8,106,898$4,962,512$27,940,497
89$40,314,821$8,430,662$5,055,283$30,549,316
90$44,351,144$8,767,976$5,148,846$33,416,025
91$48,796,785$9,119,431$5,243,157$36,566,633
92$53,693,419$9,485,645$5,338,164$40,029,790
93$59,086,969$9,867,263$5,433,814$43,837,058
94$65,028,041$10,264,960$5,530,048$48,023,204
95$71,572,400$10,679,442$5,626,804$52,626,530
96$78,781,496$11,111,446$5,724,013$57,689,231
97$86,723,044$11,561,742$5,821,603$63,257,793
98$95,471,664$12,031,136$5,919,496$69,383,426
99$105,109,583$12,520,472$6,017,608$76,122,551
100$115,727,415$13,030,629$6,115,852$83,537,328