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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$227,092$225,070$223,096$221,170$219,289$212,439
2 years$112,422$110,328$108,299$106,332$104,423$97,584
3 years$74,204$72,101$70,077$68,128$66,250$59,635
4 years$55,098$53,002$50,998$49,082$47,250$40,910
5 years$43,638$41,554$39,576$37,700$35,919$29,871
6 years$36,000$33,932$31,984$30,149$28,421$22,670
7 years$30,547$28,496$26,579$24,787$23,114$17,660
8 years$26,458$24,426$22,541$20,793$19,175$14,014
9 years$23,280$21,268$19,414$17,711$16,149$11,275
10 years$20,740$18,746$16,926$15,267$13,759$9,166
11 years$18,662$16,689$14,901$13,287$11,834$7,512
12 years$16,932$14,979$13,224$11,655$10,255$6,196
13 years$15,469$13,537$11,815$10,289$8,942$5,137
14 years$14,216$12,304$10,616$9,134$7,839$4,277
15 years$13,132$11,240$9,585$8,146$6,902$3,573
16 years$12,184$10,313$8,690$7,293$6,100$2,993
17 years$11,348$9,498$7,908$6,553$5,409$2,512
18 years$10,606$8,776$7,219$5,906$4,809$2,113
19 years$9,943$8,134$6,608$5,336$4,286$1,781
20 years$9,346$7,558$6,065$4,833$3,829$1,502
21 years$8,808$7,040$5,578$4,386$3,426$1,269
22 years$8,319$6,572$5,141$3,988$3,071$1,072
23 years$7,873$6,146$4,747$3,632$2,757$907
24 years$7,465$5,759$4,390$3,313$2,478$768
25 years$7,090$5,404$4,066$3,025$2,230$650
26 years$6,744$5,079$3,771$2,766$2,008$551
27 years$6,425$4,780$3,502$2,532$1,811$467
28 years$6,129$4,504$3,256$2,320$1,634$396
29 years$5,854$4,249$3,030$2,127$1,475$336
30 years$5,598$4,013$2,822$1,952$1,333$285
31 years$5,359$3,794$2,631$1,793$1,205$242
32 years$5,135$3,590$2,455$1,648$1,090$205
33 years$4,925$3,399$2,292$1,515$987$174
34 years$4,728$3,222$2,141$1,394$893$148
35 years$4,542$3,056$2,002$1,284$809$126
36 years$4,368$2,900$1,873$1,182$733$107
37 years$4,203$2,755$1,753$1,089$664$91
38 years$4,047$2,618$1,642$1,004$602$77
39 years$3,899$2,489$1,538$926$546$65
40 years$3,760$2,369$1,442$854$495$56
41 years$3,627$2,255$1,352$788$449$47
42 years$3,501$2,147$1,268$727$408$40
43 years$3,381$2,046$1,190$671$370$34
44 years$3,267$1,950$1,117$620$336$29
45 years$3,159$1,860$1,049$572$305$25
46 years$3,055$1,774$985$529$277$21
47 years$2,956$1,693$925$488$251$18
48 years$2,862$1,616$870$451$228$15
49 years$2,771$1,543$817$417$207$13
50 years$2,685$1,474$768$385$188$11

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 $2,683 every year, while hoping to spend $20,454 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: 33/42/25 Blend
60$2,750,000$2,750,000$2,750,000$2,750,000
61$3,033,268$2,887,518$2,844,893$3,110,136
62$3,320,898$3,007,243$2,918,434$3,288,022
63$3,637,181$3,132,149$2,993,753$3,477,576
64$3,985,018$3,262,469$3,070,888$3,681,461
65$4,367,605$3,398,445$3,149,878$3,900,955
66$4,788,463$3,540,332$3,230,761$4,137,462
67$5,251,473$3,688,395$3,313,578$4,392,521
68$5,760,909$3,842,912$3,398,369$4,667,817
69$6,321,482$4,004,175$3,485,175$4,965,205
70$6,938,382$4,172,488$3,574,037$5,286,715
71$7,617,327$4,348,170$3,664,997$5,634,579
72$8,364,618$4,531,554$3,758,098$6,011,246
73$9,187,198$4,722,989$3,853,383$6,419,406
74$10,092,717$4,922,840$3,950,896$6,862,013
75$11,089,605$5,131,490$4,050,682$7,342,312
76$12,187,148$5,349,337$4,152,784$7,863,868
77$13,395,583$5,576,800$4,257,248$8,430,601
78$14,726,187$5,814,318$4,364,120$9,046,815
79$16,191,386$6,062,347$4,473,446$9,717,244
80$17,804,875$6,321,369$4,585,273$10,447,091
81$19,581,741$6,591,885$4,699,649$11,242,077
82$21,538,611$6,874,421$4,816,620$12,108,492
83$23,693,808$7,169,525$4,936,235$13,053,253
84$26,067,520$7,477,775$5,058,542$14,083,969
85$28,681,994$7,799,774$5,183,590$15,209,009
86$31,561,745$8,136,151$5,311,429$16,437,578
87$34,733,788$8,487,567$5,442,107$17,779,805
88$38,227,891$8,854,714$5,575,674$19,246,832
89$42,076,857$9,238,316$5,712,180$20,850,920
90$46,316,834$9,639,131$5,851,675$22,605,562
91$50,987,654$10,057,952$5,994,210$24,525,607
92$56,133,214$10,495,610$6,139,834$26,627,395
93$61,801,882$10,952,975$6,288,599$28,928,915
94$68,046,961$11,430,959$6,440,554$31,449,964
95$74,927,189$11,930,513$6,595,751$34,212,336
96$82,507,292$12,452,639$6,754,239$37,240,023
97$90,858,598$12,998,380$6,916,068$40,559,438
98$100,059,708$13,568,833$7,081,289$44,199,660
99$110,197,237$14,165,145$7,249,951$48,192,706
100$121,366,634$14,788,516$7,422,103$52,573,829