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%12.8%
1 years$230,396$228,343$226,341$224,387$222,479$219,881
2 years$114,057$111,933$109,874$107,878$105,942$103,327
3 years$75,283$73,149$71,096$69,119$67,214$64,664
4 years$55,899$53,773$51,740$49,796$47,938$45,471
5 years$44,272$42,158$40,152$38,248$36,441$34,066
6 years$36,524$34,425$32,449$30,587$28,835$26,553
7 years$30,991$28,910$26,965$25,148$23,450$21,264
8 years$26,843$24,782$22,869$21,096$19,454$17,362
9 years$23,619$21,577$19,697$17,969$16,383$14,385
10 years$21,041$19,019$17,172$15,489$13,960$12,054
11 years$18,933$16,931$15,118$13,480$12,006$10,191
12 years$17,178$15,197$13,417$11,824$10,404$8,678
13 years$15,694$13,733$11,987$10,439$9,072$7,433
14 years$14,423$12,483$10,770$9,266$7,953$6,398
15 years$13,323$11,404$9,724$8,264$7,002$5,529
16 years$12,361$10,463$8,816$7,400$6,189$4,795
17 years$11,513$9,636$8,023$6,648$5,487$4,170
18 years$10,760$8,904$7,324$5,992$4,879$3,636
19 years$10,087$8,252$6,704$5,414$4,349$3,177
20 years$9,482$7,668$6,153$4,903$3,884$2,781
21 years$8,936$7,143$5,660$4,450$3,476$2,438
22 years$8,440$6,667$5,216$4,046$3,116$2,140
23 years$7,987$6,236$4,816$3,685$2,797$1,881
24 years$7,573$5,843$4,454$3,361$2,514$1,655
25 years$7,193$5,483$4,125$3,069$2,262$1,457
26 years$6,843$5,153$3,826$2,806$2,038$1,285
27 years$6,519$4,850$3,553$2,569$1,837$1,133
28 years$6,218$4,570$3,303$2,354$1,658$1,000
29 years$5,939$4,311$3,074$2,158$1,497$883
30 years$5,679$4,071$2,863$1,981$1,353$780
31 years$5,436$3,849$2,669$1,819$1,223$689
32 years$5,209$3,642$2,490$1,672$1,106$609
33 years$4,996$3,449$2,325$1,537$1,001$539
34 years$4,797$3,269$2,173$1,415$906$477
35 years$4,608$3,100$2,031$1,302$821$422
36 years$4,431$2,943$1,900$1,199$744$373
37 years$4,264$2,795$1,778$1,105$674$330
38 years$4,106$2,656$1,665$1,018$611$293
39 years$3,956$2,526$1,560$939$554$259
40 years$3,814$2,403$1,463$866$503$229
41 years$3,680$2,287$1,371$799$456$203
42 years$3,552$2,178$1,286$738$414$180
43 years$3,431$2,076$1,207$681$376$159
44 years$3,315$1,978$1,133$629$341$141
45 years$3,205$1,887$1,064$581$309$125
46 years$3,100$1,800$999$536$281$111
47 years$2,999$1,718$939$495$255$98
48 years$2,903$1,640$882$458$232$87
49 years$2,812$1,566$829$423$210$77
50 years$2,724$1,496$780$391$191$68

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 $3,837 every year, while hoping to spend $36,025 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: 37/40/23 Blend
60$2,790,000$2,790,000$2,790,000$2,790,000
61$3,078,538$2,930,668$2,887,423$3,171,049
62$3,354,218$3,035,940$2,945,821$3,344,259
63$3,656,811$3,145,164$3,004,968$3,527,607
64$3,989,023$3,258,493$3,064,852$3,724,931
65$4,353,835$3,376,092$3,125,456$3,937,514
66$4,754,533$3,498,127$3,186,766$4,166,760
67$5,194,736$3,624,776$3,248,763$4,414,216
68$5,678,429$3,756,220$3,311,427$4,681,578
69$6,210,005$3,892,651$3,374,736$4,970,713
70$6,794,301$4,034,266$3,438,665$5,283,669
71$7,436,648$4,181,274$3,503,188$5,622,702
72$8,142,918$4,333,888$3,568,277$5,990,290
73$8,919,581$4,492,334$3,633,900$6,389,157
74$9,773,766$4,656,846$3,700,023$6,822,299
75$10,713,326$4,827,667$3,766,610$7,293,014
76$11,746,913$5,005,051$3,833,620$7,804,926
77$12,884,063$5,189,264$3,901,011$8,362,023
78$14,135,280$5,380,580$3,968,737$8,968,694
79$15,512,137$5,579,287$4,036,748$9,629,767
80$17,027,389$5,785,685$4,104,993$10,350,556
81$18,695,086$6,000,087$4,173,413$11,136,906
82$20,530,711$6,222,818$4,241,949$11,995,255
83$22,551,325$6,454,218$4,310,536$12,932,685
84$24,775,726$6,694,640$4,379,105$13,956,993
85$27,224,627$6,944,454$4,447,582$15,076,763
86$29,920,852$7,204,046$4,515,889$16,301,443
87$32,889,550$7,473,815$4,583,942$17,641,438
88$36,158,434$7,754,182$4,651,654$19,108,200
89$39,758,039$8,045,582$4,718,930$20,714,342
90$43,722,015$8,348,471$4,785,670$22,473,752
91$48,087,439$8,663,325$4,851,768$24,401,722
92$52,895,168$8,990,638$4,917,113$26,515,092
93$58,190,224$9,330,928$4,981,585$28,832,408
94$64,022,218$9,684,735$5,045,059$31,374,096
95$70,445,818$10,052,621$5,107,402$34,162,651
96$77,521,266$10,435,173$5,168,474$37,222,848
97$85,314,943$10,833,004$5,228,126$40,581,977
98$93,900,000$11,246,754$5,286,201$44,270,095
99$103,357,045$11,677,091$5,342,534$48,320,310
100$113,774,905$12,124,710$5,396,950$52,769,092