Can I retire at age 61 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$230,396$228,343$226,341$224,387$222,479$218,973
2 years$114,057$111,933$109,874$107,878$105,942$102,420
3 years$75,283$73,149$71,096$69,119$67,214$63,784
4 years$55,899$53,773$51,740$49,796$47,938$44,626
5 years$44,272$42,158$40,152$38,248$36,441$33,259
6 years$36,524$34,425$32,449$30,587$28,835$25,784
7 years$30,991$28,910$26,965$25,148$23,450$20,533
8 years$26,843$24,782$22,869$21,096$19,454$16,669
9 years$23,619$21,577$19,697$17,969$16,383$13,730
10 years$21,041$19,019$17,172$15,489$13,960$11,435
11 years$18,933$16,931$15,118$13,480$12,006$9,607
12 years$17,178$15,197$13,417$11,824$10,404$8,129
13 years$15,694$13,733$11,987$10,439$9,072$6,917
14 years$14,423$12,483$10,770$9,266$7,953$5,914
15 years$13,323$11,404$9,724$8,264$7,002$5,077
16 years$12,361$10,463$8,816$7,400$6,189$4,372
17 years$11,513$9,636$8,023$6,648$5,487$3,776
18 years$10,760$8,904$7,324$5,992$4,879$3,268
19 years$10,087$8,252$6,704$5,414$4,349$2,835
20 years$9,482$7,668$6,153$4,903$3,884$2,463
21 years$8,936$7,143$5,660$4,450$3,476$2,143
22 years$8,440$6,667$5,216$4,046$3,116$1,867
23 years$7,987$6,236$4,816$3,685$2,797$1,629
24 years$7,573$5,843$4,454$3,361$2,514$1,422
25 years$7,193$5,483$4,125$3,069$2,262$1,242
26 years$6,843$5,153$3,826$2,806$2,038$1,086
27 years$6,519$4,850$3,553$2,569$1,837$950
28 years$6,218$4,570$3,303$2,354$1,658$832
29 years$5,939$4,311$3,074$2,158$1,497$729
30 years$5,679$4,071$2,863$1,981$1,353$638
31 years$5,436$3,849$2,669$1,819$1,223$560
32 years$5,209$3,642$2,490$1,672$1,106$491
33 years$4,996$3,449$2,325$1,537$1,001$430
34 years$4,797$3,269$2,173$1,415$906$377
35 years$4,608$3,100$2,031$1,302$821$331
36 years$4,431$2,943$1,900$1,199$744$291
37 years$4,264$2,795$1,778$1,105$674$255
38 years$4,106$2,656$1,665$1,018$611$224
39 years$3,956$2,526$1,560$939$554$197
40 years$3,814$2,403$1,463$866$503$173
41 years$3,680$2,287$1,371$799$456$152
42 years$3,552$2,178$1,286$738$414$133
43 years$3,431$2,076$1,207$681$376$117
44 years$3,315$1,978$1,133$629$341$103
45 years$3,205$1,887$1,064$581$309$90
46 years$3,100$1,800$999$536$281$79
47 years$2,999$1,718$939$495$255$70
48 years$2,903$1,640$882$458$232$61
49 years$2,812$1,566$829$423$210$54
50 years$2,724$1,496$780$391$191$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,790,000, adding $3,155 every year, while hoping to spend $47,401 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: 52/33/15 Blend
60$2,790,000$2,790,000$2,790,000$2,790,000
61$3,077,834$2,929,964$2,886,719$3,225,260
62$3,341,339$3,023,098$2,932,990$3,419,658
63$3,630,133$3,119,207$2,979,222$3,625,703
64$3,946,745$3,218,387$3,025,365$3,848,742
65$4,293,961$3,320,736$3,071,362$4,090,397
66$4,674,849$3,426,356$3,117,157$4,352,453
67$5,092,789$3,535,353$3,162,688$4,636,873
68$5,551,505$3,647,836$3,207,889$4,945,818
69$6,055,095$3,763,917$3,252,690$5,281,667
70$6,608,078$3,883,712$3,297,018$5,647,036
71$7,215,429$4,007,341$3,340,796$6,044,807
72$7,882,630$4,134,928$3,383,939$6,478,151
73$8,615,719$4,266,600$3,426,362$6,950,558
74$9,421,348$4,402,490$3,467,971$7,465,873
75$10,306,847$4,542,733$3,508,669$8,028,328
76$11,280,288$4,687,470$3,548,353$8,642,581
77$12,350,569$4,836,847$3,586,914$9,313,764
78$13,527,488$4,991,014$3,624,236$10,047,528
79$14,821,843$5,150,125$3,660,200$10,850,094
80$16,245,532$5,314,342$3,694,677$11,728,315
81$17,811,660$5,483,828$3,727,532$12,689,740
82$19,534,669$5,658,756$3,758,625$13,742,681
83$21,430,471$5,839,300$3,787,804$14,896,293
84$23,516,598$6,025,645$3,814,915$16,160,663
85$25,812,366$6,217,977$3,839,790$17,546,899
86$28,339,061$6,416,491$3,862,256$19,067,240
87$31,120,135$6,621,389$3,882,131$20,735,165
88$34,181,428$6,832,876$3,899,222$22,565,525
89$37,551,415$7,051,169$3,913,328$24,574,679
90$41,261,470$7,276,487$3,924,235$26,780,651
91$45,346,166$7,509,060$3,931,722$29,203,297
92$49,843,594$7,749,124$3,935,555$31,864,490
93$54,795,733$7,996,923$3,935,487$34,788,333
94$60,248,834$8,252,709$3,931,263$38,001,377
95$66,253,866$8,516,742$3,922,611$41,532,877
96$72,866,989$8,789,292$3,909,248$45,415,067
97$80,150,092$9,070,636$3,890,877$49,683,459
98$88,171,366$9,361,063$3,867,187$54,377,184
99$97,005,959$9,660,868$3,837,851$59,539,355
100$106,736,675$9,970,359$3,802,527$65,217,477