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%17.8%
1 years$227,092$225,070$223,096$221,170$219,289$212,354
2 years$112,422$110,328$108,299$106,332$104,423$97,500
3 years$74,204$72,101$70,077$68,128$66,250$59,555
4 years$55,098$53,002$50,998$49,082$47,250$40,834
5 years$43,638$41,554$39,576$37,700$35,919$29,800
6 years$36,000$33,932$31,984$30,149$28,421$22,604
7 years$30,547$28,496$26,579$24,787$23,114$17,598
8 years$26,458$24,426$22,541$20,793$19,175$13,957
9 years$23,280$21,268$19,414$17,711$16,149$11,222
10 years$20,740$18,746$16,926$15,267$13,759$9,117
11 years$18,662$16,689$14,901$13,287$11,834$7,468
12 years$16,932$14,979$13,224$11,655$10,255$6,155
13 years$15,469$13,537$11,815$10,289$8,942$5,100
14 years$14,216$12,304$10,616$9,134$7,839$4,243
15 years$13,132$11,240$9,585$8,146$6,902$3,542
16 years$12,184$10,313$8,690$7,293$6,100$2,964
17 years$11,348$9,498$7,908$6,553$5,409$2,487
18 years$10,606$8,776$7,219$5,906$4,809$2,090
19 years$9,943$8,134$6,608$5,336$4,286$1,760
20 years$9,346$7,558$6,065$4,833$3,829$1,484
21 years$8,808$7,040$5,578$4,386$3,426$1,252
22 years$8,319$6,572$5,141$3,988$3,071$1,057
23 years$7,873$6,146$4,747$3,632$2,757$894
24 years$7,465$5,759$4,390$3,313$2,478$756
25 years$7,090$5,404$4,066$3,025$2,230$640
26 years$6,744$5,079$3,771$2,766$2,008$542
27 years$6,425$4,780$3,502$2,532$1,811$459
28 years$6,129$4,504$3,256$2,320$1,634$389
29 years$5,854$4,249$3,030$2,127$1,475$330
30 years$5,598$4,013$2,822$1,952$1,333$279
31 years$5,359$3,794$2,631$1,793$1,205$237
32 years$5,135$3,590$2,455$1,648$1,090$201
33 years$4,925$3,399$2,292$1,515$987$170
34 years$4,728$3,222$2,141$1,394$893$145
35 years$4,542$3,056$2,002$1,284$809$123
36 years$4,368$2,900$1,873$1,182$733$104
37 years$4,203$2,755$1,753$1,089$664$88
38 years$4,047$2,618$1,642$1,004$602$75
39 years$3,899$2,489$1,538$926$546$64
40 years$3,760$2,369$1,442$854$495$54
41 years$3,627$2,255$1,352$788$449$46
42 years$3,501$2,147$1,268$727$408$39
43 years$3,381$2,046$1,190$671$370$33
44 years$3,267$1,950$1,117$620$336$28
45 years$3,159$1,860$1,049$572$305$24
46 years$3,055$1,774$985$529$277$20
47 years$2,956$1,693$925$488$251$17
48 years$2,862$1,616$870$451$228$15
49 years$2,771$1,543$817$417$207$12
50 years$2,685$1,474$768$385$188$10

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 $2,313 every year, while hoping to spend $49,263 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: 52/20/28 Blend
60$2,750,000$2,750,000$2,750,000$2,750,000
61$3,032,886$2,887,136$2,844,511$3,166,658
62$3,289,825$2,976,190$2,887,387$3,348,943
63$3,571,320$3,067,957$2,930,047$3,541,969
64$3,879,825$3,162,517$2,972,434$3,750,982
65$4,218,041$3,259,954$3,014,485$3,977,531
66$4,588,943$3,360,353$3,056,131$4,223,319
67$4,995,808$3,463,803$3,097,304$4,490,222
68$5,442,244$3,570,394$3,137,928$4,780,306
69$5,932,229$3,680,219$3,177,924$5,095,845
70$6,470,140$3,793,373$3,217,209$5,439,346
71$7,060,803$3,909,957$3,255,694$5,813,568
72$7,709,530$4,030,070$3,293,285$6,221,550
73$8,422,176$4,153,818$3,329,884$6,666,641
74$9,205,189$4,281,306$3,365,386$7,152,528
75$10,065,675$4,412,646$3,399,683$7,683,273
76$11,011,459$4,547,951$3,432,657$8,263,353
77$12,051,164$4,687,337$3,464,188$8,897,697
78$13,194,290$4,830,924$3,494,145$9,591,737
79$14,451,302$4,978,834$3,522,394$10,351,458
80$15,833,733$5,131,195$3,548,792$11,183,452
81$17,354,286$5,288,136$3,573,189$12,094,985
82$19,026,960$5,449,791$3,595,427$13,094,059
83$20,867,175$5,616,296$3,615,340$14,189,493
84$22,891,927$5,787,794$3,632,753$15,391,004
85$25,119,936$5,964,428$3,647,483$16,709,299
86$27,571,832$6,146,348$3,659,336$18,156,174
87$30,270,346$6,333,707$3,668,112$19,744,629
88$33,240,524$6,526,661$3,673,596$21,488,987
89$36,509,962$6,725,372$3,675,566$23,405,032
90$40,109,068$6,930,005$3,673,787$25,510,157
91$44,071,348$7,140,730$3,668,014$27,823,525
92$48,433,722$7,357,722$3,657,989$30,366,257
93$53,236,872$7,581,161$3,643,442$33,161,624
94$58,525,624$7,811,229$3,624,089$36,235,271
95$64,349,375$8,048,117$3,599,633$39,615,457
96$70,762,554$8,292,017$3,569,763$43,333,324
97$77,825,138$8,543,130$3,534,154$47,423,187
98$85,603,217$8,801,658$3,492,462$51,922,865
99$94,169,617$9,067,811$3,444,332$56,874,030
100$103,604,588$9,341,804$3,389,387$62,322,606