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

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$228,744$226,706$224,719$222,778$220,884$216,957
2 years$113,240$111,131$109,087$107,105$105,183$101,240
3 years$74,743$72,625$70,586$68,623$66,732$62,896
4 years$55,499$53,387$51,369$49,439$47,594$43,894
5 years$43,955$41,856$39,864$37,974$36,180$32,627
6 years$36,262$34,179$32,216$30,368$28,628$25,226
7 years$30,769$28,703$26,772$24,967$23,282$20,032
8 years$26,651$24,604$22,705$20,944$19,315$16,216
9 years$23,450$21,422$19,556$17,840$16,266$13,317
10 years$20,890$18,883$17,049$15,378$13,859$11,057
11 years$18,798$16,810$15,010$13,384$11,920$9,261
12 years$17,055$15,088$13,321$11,739$10,329$7,810
13 years$15,582$13,635$11,901$10,364$9,007$6,625
14 years$14,320$12,394$10,693$9,200$7,896$5,645
15 years$13,227$11,322$9,655$8,205$6,952$4,829
16 years$12,272$10,388$8,753$7,347$6,144$4,144
17 years$11,430$9,567$7,965$6,601$5,448$3,566
18 years$10,683$8,840$7,271$5,949$4,844$3,076
19 years$10,015$8,193$6,656$5,375$4,318$2,658
20 years$9,414$7,613$6,109$4,868$3,857$2,301
21 years$8,872$7,091$5,619$4,418$3,451$1,994
22 years$8,379$6,620$5,179$4,017$3,093$1,731
23 years$7,930$6,191$4,782$3,659$2,777$1,504
24 years$7,519$5,801$4,422$3,337$2,496$1,308
25 years$7,141$5,444$4,096$3,047$2,246$1,138
26 years$6,794$5,116$3,799$2,786$2,023$991
27 years$6,472$4,815$3,527$2,550$1,824$864
28 years$6,174$4,537$3,279$2,337$1,646$753
29 years$5,897$4,280$3,052$2,143$1,486$657
30 years$5,639$4,042$2,842$1,967$1,343$573
31 years$5,398$3,821$2,650$1,806$1,214$500
32 years$5,172$3,616$2,472$1,660$1,098$437
33 years$4,961$3,424$2,309$1,526$994$381
34 years$4,762$3,245$2,157$1,404$900$333
35 years$4,575$3,078$2,017$1,293$815$291
36 years$4,399$2,922$1,886$1,191$738$254
37 years$4,233$2,775$1,766$1,097$669$222
38 years$4,076$2,637$1,654$1,011$607$194
39 years$3,928$2,508$1,549$932$550$170
40 years$3,787$2,386$1,452$860$499$149
41 years$3,653$2,271$1,362$793$453$130
42 years$3,527$2,163$1,277$732$411$114
43 years$3,406$2,061$1,198$676$373$99
44 years$3,291$1,964$1,125$624$338$87
45 years$3,182$1,873$1,056$576$307$76
46 years$3,077$1,787$992$532$279$66
47 years$2,978$1,705$932$492$253$58
48 years$2,883$1,628$876$455$230$51
49 years$2,792$1,555$823$420$209$44
50 years$2,704$1,485$774$388$190$39

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 $2,573 every year, while hoping to spend $47,914 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: 66/23/11 Blend
60$2,770,000$2,770,000$2,770,000$2,770,000
61$3,055,194$2,908,384$2,865,449$3,249,350
62$3,315,844$2,999,915$2,910,461$3,470,539
63$3,601,474$3,094,325$2,955,376$3,706,300
64$3,914,582$3,191,704$3,000,139$3,962,750
65$4,257,918$3,292,146$3,044,692$4,241,904
66$4,634,512$3,395,748$3,088,976$4,545,984
67$5,047,701$3,502,608$3,132,925$4,877,432
68$5,501,159$3,612,829$3,176,471$5,238,940
69$5,998,936$3,726,517$3,219,542$5,633,468
70$6,545,492$3,843,780$3,262,060$6,064,279
71$7,145,737$3,964,730$3,303,945$6,534,962
72$7,805,085$4,089,485$3,345,110$7,049,473
73$8,529,497$4,218,163$3,385,464$7,612,166
74$9,325,540$4,350,887$3,424,911$8,227,836
75$10,200,449$4,487,784$3,463,349$8,901,766
76$11,162,195$4,628,986$3,500,672$9,639,772
77$12,219,561$4,774,629$3,536,767$10,448,262
78$13,382,221$4,924,850$3,571,513$11,334,292
79$14,660,835$5,079,795$3,604,786$12,305,637
80$16,067,146$5,239,611$3,636,452$13,370,858
81$17,614,095$5,404,452$3,666,373$14,539,388
82$19,315,937$5,574,475$3,694,402$15,821,618
83$21,188,382$5,749,843$3,720,383$17,228,995
84$23,248,736$5,930,724$3,744,155$18,774,129
85$25,516,068$6,117,291$3,765,546$20,470,912
86$28,011,392$6,309,723$3,784,376$22,334,649
87$30,757,858$6,508,204$3,800,457$24,382,202
88$33,780,977$6,712,923$3,813,589$26,632,149
89$37,108,857$6,924,076$3,823,565$29,104,958
90$40,772,470$7,141,866$3,830,164$31,823,179
91$44,805,946$7,366,501$3,833,158$34,811,659
92$49,246,888$7,598,196$3,832,305$38,097,774
93$54,136,735$7,837,171$3,827,351$41,711,687
94$59,521,146$8,083,657$3,818,032$45,686,632
95$65,450,434$8,337,888$3,804,067$50,059,230
96$71,980,041$8,600,107$3,785,166$54,869,828
97$79,171,059$8,870,565$3,761,023$60,162,887
98$87,090,805$9,149,521$3,731,315$65,987,394
99$95,813,461$9,437,242$3,695,708$72,397,330
100$105,420,768$9,734,001$3,653,849$79,452,174