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%15.4%
1 years$229,570$227,525$225,530$223,583$221,681$216,762
2 years$113,648$111,532$109,481$107,492$105,562$100,632
3 years$75,013$72,887$70,841$68,871$66,973$62,186
4 years$55,699$53,580$51,554$49,618$47,766$43,158
5 years$44,114$42,007$40,008$38,111$36,311$31,896
6 years$36,393$34,302$32,333$30,478$28,732$24,514
7 years$30,880$28,807$26,869$25,057$23,366$19,346
8 years$26,747$24,693$22,787$21,020$19,385$15,561
9 years$23,534$21,500$19,626$17,904$16,325$12,695
10 years$20,966$18,951$17,110$15,434$13,909$10,469
11 years$18,866$16,871$15,064$13,432$11,963$8,708
12 years$17,117$15,142$13,369$11,782$10,367$7,292
13 years$15,638$13,684$11,944$10,401$9,040$6,140
14 years$14,372$12,439$10,732$9,233$7,924$5,193
15 years$13,275$11,363$9,689$8,234$6,977$4,408
16 years$12,316$10,425$8,785$7,373$6,166$3,754
17 years$11,472$9,601$7,994$6,625$5,468$3,205
18 years$10,721$8,872$7,297$5,970$4,862$2,742
19 years$10,051$8,222$6,680$5,395$4,333$2,350
20 years$9,448$7,641$6,131$4,886$3,870$2,018
21 years$8,904$7,117$5,639$4,434$3,464$1,735
22 years$8,409$6,643$5,197$4,032$3,105$1,493
23 years$7,959$6,213$4,799$3,672$2,787$1,286
24 years$7,546$5,822$4,438$3,349$2,505$1,109
25 years$7,167$5,463$4,111$3,058$2,254$956
26 years$6,818$5,135$3,812$2,796$2,030$826
27 years$6,495$4,832$3,540$2,560$1,831$713
28 years$6,196$4,553$3,291$2,345$1,652$616
29 years$5,918$4,296$3,063$2,151$1,491$533
30 years$5,659$4,057$2,853$1,974$1,348$461
31 years$5,417$3,835$2,659$1,813$1,218$398
32 years$5,191$3,629$2,481$1,666$1,102$345
33 years$4,979$3,436$2,317$1,532$997$298
34 years$4,779$3,257$2,165$1,409$903$258
35 years$4,592$3,089$2,024$1,298$818$223
36 years$4,415$2,932$1,893$1,195$741$193
37 years$4,249$2,785$1,772$1,101$672$168
38 years$4,091$2,647$1,659$1,015$609$145
39 years$3,942$2,517$1,555$936$552$126
40 years$3,801$2,394$1,457$863$501$109
41 years$3,667$2,279$1,366$796$454$94
42 years$3,539$2,171$1,282$735$412$82
43 years$3,418$2,068$1,203$678$374$71
44 years$3,303$1,971$1,129$626$340$61
45 years$3,193$1,880$1,060$578$308$53
46 years$3,088$1,793$996$534$280$46
47 years$2,989$1,711$935$494$254$40
48 years$2,893$1,634$879$456$231$35
49 years$2,802$1,560$826$422$210$30
50 years$2,714$1,490$777$390$190$26

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 $3,053 every year, while hoping to spend $21,390 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: 74/13/13 Blend
60$2,780,000$2,780,000$2,780,000$2,780,000
61$3,066,709$2,919,369$2,876,279$3,285,125
62$3,356,755$3,039,659$2,949,876$3,550,177
63$3,675,668$3,165,127$3,025,221$3,837,539
64$4,026,371$3,296,003$3,102,351$4,151,805
65$4,412,083$3,432,529$3,181,301$4,495,636
66$4,836,351$3,574,958$3,262,110$4,871,966
67$5,303,082$3,723,555$3,344,815$5,284,022
68$5,816,583$3,878,596$3,429,452$5,735,358
69$6,381,597$4,040,370$3,516,062$6,229,888
70$7,003,352$4,209,180$3,604,682$6,771,921
71$7,687,608$4,385,344$3,695,353$7,366,202
72$8,440,709$4,569,191$3,788,113$8,017,957
73$9,269,650$4,761,070$3,883,003$8,732,942
74$10,182,134$4,961,342$3,980,063$9,517,493
75$11,186,651$5,170,387$4,079,335$10,378,591
76$12,292,556$5,388,603$4,180,859$11,323,926
77$13,510,157$5,616,405$4,284,678$12,361,964
78$14,850,812$5,854,227$4,390,833$13,502,034
79$16,327,036$6,102,525$4,499,367$14,754,409
80$17,952,620$6,361,775$4,610,322$16,130,406
81$19,742,760$6,632,475$4,723,741$17,642,492
82$21,714,203$6,915,148$4,839,668$19,304,399
83$23,885,400$7,210,338$4,958,145$21,131,254
84$26,276,683$7,518,618$5,079,216$23,139,723
85$28,910,460$7,840,585$5,202,924$25,348,165
86$31,811,419$8,176,865$5,329,314$27,776,805
87$35,006,766$8,528,114$5,458,428$30,447,923
88$38,526,482$8,895,018$5,590,312$33,386,070
89$42,403,603$9,278,294$5,725,007$36,618,287
90$46,674,535$9,678,694$5,862,559$40,174,373
91$51,379,393$10,097,006$6,003,010$44,087,153
92$56,562,384$10,534,052$6,146,405$48,392,797
93$62,272,223$10,990,697$6,292,785$53,131,152
94$68,562,590$11,467,841$6,442,193$58,346,124
95$75,492,641$11,966,432$6,594,673$64,086,088
96$83,127,562$12,487,458$6,750,266$70,404,342
97$91,539,187$13,031,958$6,909,014$77,359,613
98$100,806,674$13,601,014$7,070,957$85,016,608
99$111,017,257$14,195,765$7,236,135$93,446,621
100$122,267,060$14,817,401$7,404,589$102,728,210