Can I retire at age 61 with 2,780,000?

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 $2,780,000?

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$229,570$227,525$225,530$223,583$221,681$219,002
2 years$113,648$111,532$109,481$107,492$105,562$102,866
3 years$75,013$72,887$70,841$68,871$66,973$64,343
4 years$55,699$53,580$51,554$49,618$47,766$45,223
5 years$44,114$42,007$40,008$38,111$36,311$33,862
6 years$36,393$34,302$32,333$30,478$28,732$26,380
7 years$30,880$28,807$26,869$25,057$23,366$21,113
8 years$26,747$24,693$22,787$21,020$19,385$17,230
9 years$23,534$21,500$19,626$17,904$16,325$14,267
10 years$20,966$18,951$17,110$15,434$13,909$11,947
11 years$18,866$16,871$15,064$13,432$11,963$10,094
12 years$17,117$15,142$13,369$11,782$10,367$8,590
13 years$15,638$13,684$11,944$10,401$9,040$7,353
14 years$14,372$12,439$10,732$9,233$7,924$6,325
15 years$13,275$11,363$9,689$8,234$6,977$5,463
16 years$12,316$10,425$8,785$7,373$6,166$4,734
17 years$11,472$9,601$7,994$6,625$5,468$4,114
18 years$10,721$8,872$7,297$5,970$4,862$3,584
19 years$10,051$8,222$6,680$5,395$4,333$3,130
20 years$9,448$7,641$6,131$4,886$3,870$2,737
21 years$8,904$7,117$5,639$4,434$3,464$2,398
22 years$8,409$6,643$5,197$4,032$3,105$2,104
23 years$7,959$6,213$4,799$3,672$2,787$1,848
24 years$7,546$5,822$4,438$3,349$2,505$1,624
25 years$7,167$5,463$4,111$3,058$2,254$1,429
26 years$6,818$5,135$3,812$2,796$2,030$1,259
27 years$6,495$4,832$3,540$2,560$1,831$1,109
28 years$6,196$4,553$3,291$2,345$1,652$978
29 years$5,918$4,296$3,063$2,151$1,491$863
30 years$5,659$4,057$2,853$1,974$1,348$762
31 years$5,417$3,835$2,659$1,813$1,218$673
32 years$5,191$3,629$2,481$1,666$1,102$594
33 years$4,979$3,436$2,317$1,532$997$525
34 years$4,779$3,257$2,165$1,409$903$464
35 years$4,592$3,089$2,024$1,298$818$410
36 years$4,415$2,932$1,893$1,195$741$363
37 years$4,249$2,785$1,772$1,101$672$321
38 years$4,091$2,647$1,659$1,015$609$284
39 years$3,942$2,517$1,555$936$552$251
40 years$3,801$2,394$1,457$863$501$222
41 years$3,667$2,279$1,366$796$454$197
42 years$3,539$2,171$1,282$735$412$174
43 years$3,418$2,068$1,203$678$374$154
44 years$3,303$1,971$1,129$626$340$136
45 years$3,193$1,880$1,060$578$308$121
46 years$3,088$1,793$996$534$280$107
47 years$2,989$1,711$935$494$254$95
48 years$2,893$1,634$879$456$231$84
49 years$2,802$1,560$826$422$210$74
50 years$2,714$1,490$777$390$190$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,780,000, adding $4,496 every year, while hoping to spend $20,723 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: 65/7/28 Blend
60$2,780,000$2,780,000$2,780,000$2,780,000
61$3,068,198$2,920,858$2,877,768$3,244,630
62$3,359,105$3,041,931$2,952,124$3,485,526
63$3,678,990$3,168,241$3,028,276$3,746,026
64$4,030,787$3,300,025$3,106,263$4,030,320
65$4,417,728$3,437,527$3,186,124$4,340,751
66$4,843,375$3,581,005$3,267,898$4,679,901
67$5,311,651$3,730,726$3,351,625$5,050,613
68$5,826,881$3,886,973$3,437,346$5,456,015
69$6,393,827$4,050,040$3,525,101$5,899,554
70$7,017,740$4,220,234$3,614,934$6,385,024
71$7,704,401$4,397,877$3,706,886$6,916,603
72$8,460,183$4,583,306$3,801,000$7,498,893
73$9,292,108$4,776,874$3,897,320$8,136,963
74$10,207,913$4,978,951$3,995,890$8,836,393
75$11,216,121$5,189,921$4,096,754$9,603,333
76$12,326,128$5,410,189$4,199,957$10,444,552
77$13,548,283$5,640,179$4,305,546$11,367,510
78$14,893,992$5,880,332$4,413,566$12,380,422
79$16,375,823$6,131,111$4,524,064$13,492,338
80$18,007,623$6,393,002$4,637,086$14,713,227
81$19,804,654$6,666,512$4,752,682$16,054,071
82$21,783,729$6,952,172$4,870,897$17,526,967
83$23,963,379$7,250,538$4,991,782$19,145,243
84$26,364,021$7,562,191$5,115,383$20,923,580
85$29,008,154$7,887,742$5,241,752$22,878,155
86$31,920,571$8,227,827$5,370,936$25,026,788
87$35,128,593$8,583,114$5,502,986$27,389,111
88$38,662,325$8,954,302$5,637,951$29,986,755
89$42,554,942$9,342,122$5,775,883$32,843,552
90$46,843,001$9,747,342$5,916,830$35,985,758
91$51,566,787$10,170,761$6,060,844$39,442,303
92$56,770,692$10,613,221$6,207,975$43,245,062
93$62,503,634$11,075,601$6,358,274$47,429,154
94$68,819,520$11,558,821$6,511,791$52,033,274
95$75,777,753$12,063,844$6,668,577$57,100,059
96$83,443,792$12,591,681$6,828,683$62,676,487
97$91,889,774$13,143,388$6,992,159$68,814,319
98$101,195,189$13,720,073$7,159,055$75,570,593
99$111,447,635$14,322,893$7,329,420$83,008,154
100$122,743,643$14,953,064$7,503,305$91,196,250