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

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$229,570$227,525$225,530$223,583$221,681$213,392
2 years$113,648$111,532$109,481$107,492$105,562$97,306
3 years$75,013$72,887$70,841$68,871$66,973$59,009
4 years$55,699$53,580$51,554$49,618$47,766$40,155
5 years$44,114$42,007$40,008$38,111$36,311$29,073
6 years$36,393$34,302$32,333$30,478$28,732$21,872
7 years$30,880$28,807$26,869$25,057$23,366$16,883
8 years$26,747$24,693$22,787$21,020$19,385$13,272
9 years$23,534$21,500$19,626$17,904$16,325$10,573
10 years$20,966$18,951$17,110$15,434$13,909$8,509
11 years$18,866$16,871$15,064$13,432$11,963$6,902
12 years$17,117$15,142$13,369$11,782$10,367$5,633
13 years$15,638$13,684$11,944$10,401$9,040$4,619
14 years$14,372$12,439$10,732$9,233$7,924$3,803
15 years$13,275$11,363$9,689$8,234$6,977$3,141
16 years$12,316$10,425$8,785$7,373$6,166$2,601
17 years$11,472$9,601$7,994$6,625$5,468$2,158
18 years$10,721$8,872$7,297$5,970$4,862$1,794
19 years$10,051$8,222$6,680$5,395$4,333$1,493
20 years$9,448$7,641$6,131$4,886$3,870$1,244
21 years$8,904$7,117$5,639$4,434$3,464$1,038
22 years$8,409$6,643$5,197$4,032$3,105$866
23 years$7,959$6,213$4,799$3,672$2,787$724
24 years$7,546$5,822$4,438$3,349$2,505$605
25 years$7,167$5,463$4,111$3,058$2,254$506
26 years$6,818$5,135$3,812$2,796$2,030$423
27 years$6,495$4,832$3,540$2,560$1,831$354
28 years$6,196$4,553$3,291$2,345$1,652$296
29 years$5,918$4,296$3,063$2,151$1,491$248
30 years$5,659$4,057$2,853$1,974$1,348$208
31 years$5,417$3,835$2,659$1,813$1,218$174
32 years$5,191$3,629$2,481$1,666$1,102$146
33 years$4,979$3,436$2,317$1,532$997$122
34 years$4,779$3,257$2,165$1,409$903$102
35 years$4,592$3,089$2,024$1,298$818$86
36 years$4,415$2,932$1,893$1,195$741$72
37 years$4,249$2,785$1,772$1,101$672$60
38 years$4,091$2,647$1,659$1,015$609$50
39 years$3,942$2,517$1,555$936$552$42
40 years$3,801$2,394$1,457$863$501$35
41 years$3,667$2,279$1,366$796$454$30
42 years$3,539$2,171$1,282$735$412$25
43 years$3,418$2,068$1,203$678$374$21
44 years$3,303$1,971$1,129$626$340$17
45 years$3,193$1,880$1,060$578$308$15
46 years$3,088$1,793$996$534$280$12
47 years$2,989$1,711$935$494$254$10
48 years$2,893$1,634$879$456$231$9
49 years$2,802$1,560$826$422$210$7
50 years$2,714$1,490$777$390$190$6

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 $5,764 every year, while hoping to spend $33,158 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: 53/35/12 Blend
60$2,780,000$2,780,000$2,780,000$2,780,000
61$3,069,506$2,922,166$2,879,076$3,222,264
62$3,347,315$3,030,072$2,940,245$3,434,827
63$3,652,350$3,142,154$3,002,352$3,661,923
64$3,987,353$3,258,582$3,065,393$3,908,236
65$4,355,343$3,379,533$3,129,364$4,175,593
66$4,759,648$3,505,190$3,194,258$4,466,007
67$5,203,934$3,635,747$3,260,068$4,781,687
68$5,692,240$3,771,403$3,326,785$5,125,065
69$6,229,015$3,912,368$3,394,398$5,498,815
70$6,819,159$4,058,859$3,462,895$5,905,878
71$7,468,074$4,211,104$3,532,263$6,349,490
72$8,181,710$4,369,340$3,602,486$6,833,212
73$8,966,621$4,533,814$3,673,546$7,360,961
74$9,830,029$4,704,784$3,745,423$7,937,046
75$10,779,893$4,882,520$3,818,095$8,566,214
76$11,824,980$5,067,301$3,891,539$9,253,683
77$12,974,950$5,259,421$3,965,728$10,005,201
78$14,240,447$5,459,185$4,040,632$10,827,094
79$15,633,200$5,666,912$4,116,221$11,726,324
80$17,166,131$5,882,935$4,192,458$12,710,557
81$18,853,478$6,107,601$4,269,308$13,788,232
82$20,710,932$6,341,272$4,346,729$14,968,641
83$22,755,779$6,584,327$4,424,676$16,262,015
84$25,007,070$6,837,160$4,503,104$17,679,618
85$27,485,793$7,100,183$4,581,960$19,233,856
86$30,215,078$7,373,826$4,661,190$20,938,387
87$33,220,411$7,658,539$4,740,735$22,808,255
88$36,529,875$7,954,789$4,820,531$24,860,026
89$40,174,415$8,263,066$4,900,512$27,111,947
90$44,188,131$8,583,882$4,980,604$29,584,111
91$48,608,597$8,917,769$5,060,731$32,298,652
92$53,477,219$9,265,285$5,140,811$35,279,947
93$58,839,623$9,627,011$5,220,756$38,554,847
94$64,746,085$10,003,555$5,300,472$42,152,929
95$71,252,009$10,395,552$5,379,860$46,106,771
96$78,418,443$10,803,664$5,458,816$50,452,262
97$86,312,665$11,228,584$5,537,226$55,228,935
98$95,008,806$11,671,034$5,614,972$60,480,338
99$104,588,560$12,131,770$5,691,929$66,254,448
100$115,141,947$12,611,581$5,767,963$72,604,115