Can I retire at age 61 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$228,744$226,706$224,719$222,778$220,884$213,642
2 years$113,240$111,131$109,087$107,105$105,183$97,956
3 years$74,743$72,625$70,586$68,623$66,732$59,747
4 years$55,499$53,387$51,369$49,439$47,594$40,904
5 years$43,955$41,856$39,864$37,974$36,180$29,804
6 years$36,262$34,179$32,216$30,368$28,628$22,570
7 years$30,769$28,703$26,772$24,967$23,282$17,542
8 years$26,651$24,604$22,705$20,944$19,315$13,888
9 years$23,450$21,422$19,556$17,840$16,266$11,146
10 years$20,890$18,883$17,049$15,378$13,859$9,038
11 years$18,798$16,810$15,010$13,384$11,920$7,388
12 years$17,055$15,088$13,321$11,739$10,329$6,078
13 years$15,582$13,635$11,901$10,364$9,007$5,026
14 years$14,320$12,394$10,693$9,200$7,896$4,172
15 years$13,227$11,322$9,655$8,205$6,952$3,475
16 years$12,272$10,388$8,753$7,347$6,144$2,903
17 years$11,430$9,567$7,965$6,601$5,448$2,430
18 years$10,683$8,840$7,271$5,949$4,844$2,038
19 years$10,015$8,193$6,656$5,375$4,318$1,712
20 years$9,414$7,613$6,109$4,868$3,857$1,440
21 years$8,872$7,091$5,619$4,418$3,451$1,212
22 years$8,379$6,620$5,179$4,017$3,093$1,021
23 years$7,930$6,191$4,782$3,659$2,777$861
24 years$7,519$5,801$4,422$3,337$2,496$727
25 years$7,141$5,444$4,096$3,047$2,246$614
26 years$6,794$5,116$3,799$2,786$2,023$518
27 years$6,472$4,815$3,527$2,550$1,824$438
28 years$6,174$4,537$3,279$2,337$1,646$370
29 years$5,897$4,280$3,052$2,143$1,486$313
30 years$5,639$4,042$2,842$1,967$1,343$265
31 years$5,398$3,821$2,650$1,806$1,214$224
32 years$5,172$3,616$2,472$1,660$1,098$189
33 years$4,961$3,424$2,309$1,526$994$160
34 years$4,762$3,245$2,157$1,404$900$136
35 years$4,575$3,078$2,017$1,293$815$115
36 years$4,399$2,922$1,886$1,191$738$97
37 years$4,233$2,775$1,766$1,097$669$82
38 years$4,076$2,637$1,654$1,011$607$70
39 years$3,928$2,508$1,549$932$550$59
40 years$3,787$2,386$1,452$860$499$50
41 years$3,653$2,271$1,362$793$453$42
42 years$3,527$2,163$1,277$732$411$36
43 years$3,406$2,061$1,198$676$373$30
44 years$3,291$1,964$1,125$624$338$26
45 years$3,182$1,873$1,056$576$307$22
46 years$3,077$1,787$992$532$279$18
47 years$2,978$1,705$932$492$253$16
48 years$2,883$1,628$876$455$230$13
49 years$2,792$1,555$823$420$209$11
50 years$2,704$1,485$774$388$190$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,770,000, adding $6,621 every year, while hoping to spend $32,554 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: 37/43/20 Blend
60$2,770,000$2,770,000$2,770,000$2,770,000
61$3,059,370$2,912,560$2,869,625$3,153,900
62$3,336,788$3,020,638$2,931,120$3,331,193
63$3,641,412$3,132,921$2,993,584$3,519,030
64$3,975,982$3,249,580$3,057,015$3,721,255
65$4,343,518$3,370,795$3,121,411$3,939,176
66$4,747,345$3,496,752$3,186,766$4,174,236
67$5,191,127$3,627,645$3,253,075$4,428,012
68$5,678,900$3,763,679$3,320,332$4,702,243
69$6,215,113$3,905,063$3,388,528$4,998,835
70$6,804,663$4,052,020$3,457,652$5,319,883
71$7,452,949$4,204,780$3,527,694$5,667,690
72$8,165,918$4,363,582$3,598,640$6,044,785
73$8,950,122$4,528,678$3,670,475$6,453,952
74$9,812,780$4,700,329$3,743,181$6,898,248
75$10,761,846$4,878,808$3,816,740$7,381,035
76$11,806,084$5,064,399$3,891,131$7,906,011
77$12,955,150$5,257,400$3,966,329$8,477,242
78$14,219,684$5,458,121$4,042,309$9,099,201
79$15,611,408$5,666,885$4,119,043$9,776,808
80$17,143,239$5,884,029$4,196,498$10,515,475
81$18,829,410$6,109,908$4,274,641$11,321,158
82$20,685,603$6,344,887$4,353,436$12,200,410
83$22,729,100$6,589,351$4,432,841$13,160,442
84$24,978,940$6,843,702$4,512,813$14,209,190
85$27,456,106$7,108,357$4,593,306$15,355,386
86$30,183,716$7,383,754$4,674,269$16,608,646
87$33,187,245$7,670,348$4,755,648$17,979,551
88$36,494,766$7,968,616$4,837,383$19,479,749
89$40,137,209$8,279,056$4,919,413$21,122,064
90$44,148,661$8,602,186$5,001,670$22,920,616
91$48,566,681$8,938,550$5,084,083$24,890,948
92$53,432,658$9,288,714$5,166,574$27,050,176
93$58,792,197$9,653,269$5,249,063$29,417,146
94$64,695,556$10,032,834$5,331,461$32,012,611
95$71,198,113$10,428,054$5,413,676$34,859,422
96$78,360,895$10,839,603$5,495,608$37,982,747
97$86,251,150$11,268,186$5,577,154$41,410,301
98$94,942,979$11,714,540$5,658,201$45,172,608
99$104,518,043$12,179,432$5,738,631$49,303,287
100$115,066,326$12,663,667$5,818,318$53,839,364