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

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$227,918$225,888$223,907$221,974$220,086$215,554
2 years$112,831$110,729$108,693$106,718$104,803$100,258
3 years$74,473$72,363$70,331$68,375$66,491$62,075
4 years$55,298$53,194$51,183$49,261$47,422$43,168
5 years$43,796$41,705$39,720$37,837$36,050$31,970
6 years$36,131$34,055$32,100$30,258$28,525$24,624
7 years$30,658$28,600$26,675$24,877$23,198$19,478
8 years$26,555$24,515$22,623$20,869$19,245$15,703
9 years$23,365$21,345$19,485$17,776$16,207$12,841
10 years$20,815$18,814$16,987$15,323$13,809$10,617
11 years$18,730$16,749$14,955$13,335$11,877$8,853
12 years$16,993$15,033$13,273$11,697$10,292$7,432
13 years$15,525$13,586$11,858$10,327$8,975$6,275
14 years$14,268$12,349$10,655$9,167$7,867$5,322
15 years$13,179$11,281$9,620$8,175$6,927$4,530
16 years$12,228$10,350$8,722$7,320$6,122$3,869
17 years$11,389$9,532$7,936$6,577$5,428$3,312
18 years$10,644$8,808$7,245$5,927$4,827$2,842
19 years$9,979$8,163$6,632$5,356$4,302$2,444
20 years$9,380$7,586$6,087$4,851$3,843$2,104
21 years$8,840$7,066$5,599$4,402$3,439$1,814
22 years$8,349$6,596$5,160$4,003$3,082$1,566
23 years$7,901$6,169$4,764$3,645$2,767$1,353
24 years$7,492$5,780$4,406$3,325$2,487$1,170
25 years$7,116$5,424$4,081$3,036$2,238$1,013
26 years$6,769$5,098$3,785$2,776$2,016$877
27 years$6,449$4,798$3,515$2,541$1,817$760
28 years$6,151$4,521$3,267$2,328$1,640$659
29 years$5,875$4,265$3,041$2,135$1,481$572
30 years$5,618$4,028$2,832$1,959$1,338$496
31 years$5,378$3,807$2,640$1,800$1,210$430
32 years$5,153$3,603$2,464$1,654$1,094$374
33 years$4,943$3,412$2,300$1,521$990$324
34 years$4,745$3,234$2,149$1,399$897$282
35 years$4,559$3,067$2,009$1,288$812$245
36 years$4,384$2,911$1,880$1,186$736$213
37 years$4,218$2,765$1,759$1,093$667$185
38 years$4,062$2,628$1,648$1,008$605$160
39 years$3,914$2,499$1,544$929$548$139
40 years$3,773$2,377$1,447$857$497$121
41 years$3,640$2,263$1,357$791$451$105
42 years$3,514$2,155$1,273$730$409$92
43 years$3,394$2,053$1,194$673$372$80
44 years$3,279$1,957$1,121$622$337$69
45 years$3,170$1,866$1,052$574$306$60
46 years$3,066$1,780$989$530$278$52
47 years$2,967$1,699$929$490$252$45
48 years$2,872$1,622$873$453$229$40
49 years$2,782$1,549$820$419$208$34
50 years$2,695$1,480$771$387$189$30

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 $3,408 every year, while hoping to spend $47,769 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: 29/45/26 Blend
60$2,760,000$2,760,000$2,760,000$2,760,000
61$3,045,035$2,898,755$2,855,975$3,108,707
62$3,304,803$2,989,969$2,900,825$3,250,111
63$3,589,466$3,084,050$2,945,575$3,397,616
64$3,901,513$3,181,090$2,990,174$3,555,232
65$4,243,686$3,281,182$3,034,563$3,723,862
66$4,619,003$3,384,421$3,078,682$3,904,501
67$5,030,790$3,490,906$3,122,466$4,098,241
68$5,482,710$3,600,740$3,165,848$4,306,283
69$5,978,797$3,714,026$3,208,755$4,529,945
70$6,523,495$3,830,875$3,251,109$4,770,679
71$7,121,701$3,951,398$3,292,831$5,030,081
72$7,778,808$4,075,709$3,333,834$5,309,906
73$8,500,756$4,203,929$3,374,027$5,612,085
74$9,294,091$4,336,179$3,413,315$5,938,740
75$10,166,024$4,472,587$3,451,596$6,292,211
76$11,124,497$4,613,283$3,488,763$6,675,067
77$12,178,263$4,758,401$3,524,705$7,090,139
78$13,336,964$4,908,081$3,559,300$7,540,543
79$14,611,223$5,062,465$3,592,425$8,029,708
80$16,012,743$5,221,702$3,623,947$8,561,407
81$17,554,421$5,385,943$3,653,728$9,139,798
82$19,250,464$5,555,346$3,681,619$9,769,455
83$21,116,526$5,730,073$3,707,468$10,455,417
84$23,169,856$5,910,291$3,731,113$11,203,230
85$25,429,458$6,096,171$3,752,381$12,019,005
86$27,916,272$6,287,893$3,771,095$12,909,469
87$30,653,371$6,485,639$3,787,066$13,882,032
88$33,666,177$6,689,598$3,800,096$14,944,854
89$36,982,704$6,899,965$3,809,976$16,106,925
90$40,633,818$7,116,941$3,816,488$17,378,145
91$44,653,530$7,340,734$3,819,403$18,769,419
92$49,079,317$7,571,557$3,818,480$20,292,762
93$53,952,475$7,809,631$3,813,467$21,961,406
94$59,318,507$8,055,183$3,804,098$23,789,931
95$65,227,556$8,308,448$3,790,096$25,794,397
96$71,734,872$8,569,668$3,771,170$27,992,497
97$78,901,339$8,839,091$3,747,014$30,403,724
98$86,794,046$9,116,976$3,717,309$33,049,554
99$95,486,918$9,403,588$3,681,718$35,953,649
100$105,061,420$9,699,200$3,639,892$39,142,077