Can I retire at age 61 with 2,760,000?

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 $2,760,000?

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$227,918$225,888$223,907$221,974$220,086$217,426
2 years$112,831$110,729$108,693$106,718$104,803$102,126
3 years$74,473$72,363$70,331$68,375$66,491$63,880
4 years$55,298$53,194$51,183$49,261$47,422$44,898
5 years$43,796$41,705$39,720$37,837$36,050$33,619
6 years$36,131$34,055$32,100$30,258$28,525$26,191
7 years$30,658$28,600$26,675$24,877$23,198$20,962
8 years$26,555$24,515$22,623$20,869$19,245$17,106
9 years$23,365$21,345$19,485$17,776$16,207$14,164
10 years$20,815$18,814$16,987$15,323$13,809$11,861
11 years$18,730$16,749$14,955$13,335$11,877$10,022
12 years$16,993$15,033$13,273$11,697$10,292$8,529
13 years$15,525$13,586$11,858$10,327$8,975$7,300
14 years$14,268$12,349$10,655$9,167$7,867$6,280
15 years$13,179$11,281$9,620$8,175$6,927$5,423
16 years$12,228$10,350$8,722$7,320$6,122$4,700
17 years$11,389$9,532$7,936$6,577$5,428$4,085
18 years$10,644$8,808$7,245$5,927$4,827$3,559
19 years$9,979$8,163$6,632$5,356$4,302$3,107
20 years$9,380$7,586$6,087$4,851$3,843$2,718
21 years$8,840$7,066$5,599$4,402$3,439$2,381
22 years$8,349$6,596$5,160$4,003$3,082$2,088
23 years$7,901$6,169$4,764$3,645$2,767$1,834
24 years$7,492$5,780$4,406$3,325$2,487$1,613
25 years$7,116$5,424$4,081$3,036$2,238$1,419
26 years$6,769$5,098$3,785$2,776$2,016$1,250
27 years$6,449$4,798$3,515$2,541$1,817$1,101
28 years$6,151$4,521$3,267$2,328$1,640$971
29 years$5,875$4,265$3,041$2,135$1,481$857
30 years$5,618$4,028$2,832$1,959$1,338$756
31 years$5,378$3,807$2,640$1,800$1,210$668
32 years$5,153$3,603$2,464$1,654$1,094$590
33 years$4,943$3,412$2,300$1,521$990$521
34 years$4,745$3,234$2,149$1,399$897$461
35 years$4,559$3,067$2,009$1,288$812$407
36 years$4,384$2,911$1,880$1,186$736$360
37 years$4,218$2,765$1,759$1,093$667$319
38 years$4,062$2,628$1,648$1,008$605$282
39 years$3,914$2,499$1,544$929$548$249
40 years$3,773$2,377$1,447$857$497$221
41 years$3,640$2,263$1,357$791$451$195
42 years$3,514$2,155$1,273$730$409$173
43 years$3,394$2,053$1,194$673$372$153
44 years$3,279$1,957$1,121$622$337$135
45 years$3,170$1,866$1,052$574$306$120
46 years$3,066$1,780$989$530$278$106
47 years$2,967$1,699$929$490$252$94
48 years$2,872$1,622$873$453$229$83
49 years$2,782$1,549$820$419$208$74
50 years$2,695$1,480$771$387$189$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,760,000, adding $6,993 every year, while hoping to spend $46,246 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: 61/13/26 Blend
60$2,760,000$2,760,000$2,760,000$2,760,000
61$3,048,733$2,902,453$2,859,673$3,213,092
62$3,310,499$2,995,468$2,906,267$3,418,622
63$3,597,414$3,091,491$2,952,872$3,637,230
64$3,911,996$3,190,620$2,999,439$3,874,853
65$4,257,017$3,292,957$3,045,916$4,133,355
66$4,635,528$3,398,607$3,092,250$4,414,787
67$5,050,893$3,507,680$3,138,382$4,721,409
68$5,506,815$3,620,287$3,184,248$5,055,710
69$6,007,374$3,736,545$3,229,785$5,420,431
70$6,557,064$3,856,574$3,274,921$5,818,589
71$7,160,836$3,980,498$3,319,582$6,253,511
72$7,824,144$4,108,445$3,363,691$6,728,859
73$8,552,996$4,240,548$3,407,164$7,248,667
74$9,354,011$4,376,944$3,449,913$7,817,381
75$10,234,480$4,517,774$3,491,845$8,439,897
76$11,202,438$4,663,186$3,532,862$9,121,608
77$12,266,734$4,813,329$3,572,861$9,868,458
78$13,437,121$4,968,362$3,611,731$10,686,993
79$14,724,341$5,128,446$3,649,358$11,584,426
80$16,140,231$5,293,748$3,685,620$12,568,705
81$17,697,834$5,464,440$3,720,387$13,648,586
82$19,411,518$5,640,703$3,753,525$14,833,716
83$21,297,116$5,822,720$3,784,891$16,134,725
84$23,372,072$6,010,684$3,814,335$17,563,326
85$25,655,607$6,204,791$3,841,699$19,132,424
86$28,168,899$6,405,246$3,866,816$20,856,239
87$30,935,284$6,612,261$3,889,512$22,750,440
88$33,980,475$6,826,053$3,909,603$24,832,292
89$37,332,804$7,046,851$3,926,895$27,120,820
90$41,023,490$7,274,886$3,941,186$29,636,987
91$45,086,932$7,510,401$3,952,261$32,403,893
92$49,561,035$7,753,647$3,959,898$35,446,992
93$54,487,566$8,004,881$3,963,860$38,794,335
94$59,912,550$8,264,373$3,963,902$42,476,828
95$65,886,701$8,532,397$3,959,763$46,528,533
96$72,465,901$8,809,242$3,951,172$50,986,982
97$79,711,731$9,095,203$3,937,844$55,893,533
98$87,692,046$9,390,586$3,919,481$61,293,762
99$96,481,620$9,695,710$3,895,768$67,237,893
100$106,162,847$10,010,902$3,866,378$73,781,270