Can I retire at age 61 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$232,047$229,980$227,964$225,995$224,073$222,755
2 years$114,875$112,735$110,662$108,652$106,702$105,371
3 years$75,822$73,674$71,606$69,614$67,696$66,395
4 years$56,300$54,158$52,111$50,153$48,281$47,020
5 years$44,590$42,461$40,440$38,522$36,703$35,484
6 years$36,785$34,672$32,681$30,807$29,042$27,868
7 years$31,213$29,118$27,158$25,328$23,619$22,490
8 years$27,036$24,959$23,033$21,247$19,594$18,511
9 years$23,788$21,732$19,838$18,098$16,501$15,463
10 years$21,192$19,155$17,295$15,600$14,060$13,067
11 years$19,069$17,053$15,226$13,577$12,092$11,143
12 years$17,301$15,306$13,513$11,909$10,478$9,573
13 years$15,807$13,832$12,073$10,514$9,137$8,274
14 years$14,527$12,573$10,848$9,333$8,010$7,188
15 years$13,418$11,485$9,794$8,323$7,052$6,270
16 years$12,449$10,538$8,880$7,453$6,233$5,490
17 years$11,595$9,705$8,080$6,696$5,527$4,821
18 years$10,837$8,968$7,376$6,035$4,914$4,246
19 years$10,159$8,311$6,752$5,453$4,380$3,747
20 years$9,550$7,723$6,197$4,938$3,912$3,314
21 years$9,000$7,194$5,700$4,482$3,501$2,935
22 years$8,500$6,715$5,254$4,075$3,138$2,604
23 years$8,045$6,281$4,851$3,711$2,817$2,313
24 years$7,628$5,884$4,486$3,385$2,532$2,057
25 years$7,245$5,522$4,155$3,091$2,278$1,832
26 years$6,892$5,190$3,854$2,827$2,052$1,632
27 years$6,565$4,884$3,578$2,587$1,850$1,456
28 years$6,263$4,603$3,327$2,370$1,670$1,299
29 years$5,982$4,342$3,096$2,174$1,508$1,160
30 years$5,720$4,101$2,883$1,995$1,362$1,036
31 years$5,475$3,876$2,688$1,832$1,232$927
32 years$5,247$3,668$2,508$1,684$1,114$829
33 years$5,032$3,474$2,342$1,548$1,008$741
34 years$4,831$3,292$2,188$1,425$913$663
35 years$4,641$3,123$2,046$1,312$827$594
36 years$4,463$2,964$1,914$1,208$749$532
37 years$4,294$2,815$1,791$1,113$679$476
38 years$4,135$2,675$1,677$1,026$616$427
39 years$3,985$2,544$1,572$946$558$383
40 years$3,842$2,420$1,473$872$506$343
41 years$3,706$2,304$1,381$805$459$307
42 years$3,578$2,194$1,296$743$417$276
43 years$3,455$2,090$1,216$686$378$247
44 years$3,339$1,993$1,141$633$343$222
45 years$3,228$1,900$1,072$585$312$199
46 years$3,122$1,813$1,006$540$283$178
47 years$3,021$1,730$946$499$257$160
48 years$2,924$1,651$889$461$233$143
49 years$2,832$1,577$835$426$212$129
50 years$2,744$1,506$785$394$193$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,810,000, adding $2,978 every year, while hoping to spend $39,264 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: 71/23/6 Blend
60$2,810,000$2,810,000$2,810,000$2,810,000
61$3,099,692$2,950,762$2,907,207$3,317,204
62$3,374,084$3,053,573$2,962,822$3,563,991
63$3,675,148$3,160,105$3,018,984$3,828,848
64$4,005,563$3,270,500$3,075,670$4,117,638
65$4,368,280$3,384,905$3,132,854$4,432,703
66$4,766,550$3,503,470$3,190,511$4,776,623
67$5,203,954$3,626,356$3,248,608$5,152,236
68$5,684,437$3,753,727$3,307,116$5,562,665
69$6,212,343$3,885,754$3,365,998$6,011,351
70$6,792,461$4,022,614$3,425,218$6,502,080
71$7,430,065$4,164,495$3,484,735$7,039,020
72$8,130,964$4,311,588$3,544,507$7,626,763
73$8,901,561$4,464,094$3,604,486$8,270,361
74$9,748,907$4,622,222$3,664,624$8,975,381
75$10,680,773$4,786,189$3,724,867$9,747,952
76$11,705,721$4,956,220$3,785,158$10,594,822
77$12,833,181$5,132,552$3,845,438$11,523,425
78$14,073,548$5,315,429$3,905,642$12,541,948
79$15,438,269$5,505,105$3,965,701$13,659,406
80$16,939,964$5,701,846$4,025,542$14,885,731
81$18,592,531$5,905,927$4,085,089$16,231,861
82$20,411,287$6,117,636$4,144,258$17,709,844
83$22,413,110$6,337,272$4,202,962$19,332,952
84$24,616,595$6,565,145$4,261,109$21,115,803
85$27,042,231$6,801,581$4,318,600$23,074,503
86$29,712,597$7,046,917$4,375,331$25,226,791
87$32,652,570$7,301,504$4,431,193$27,592,210
88$35,889,563$7,565,709$4,486,069$30,192,291
89$39,453,782$7,839,912$4,539,835$33,050,750
90$43,378,511$8,124,511$4,592,363$36,193,720
91$47,700,426$8,419,919$4,643,514$39,649,986
92$52,459,942$8,726,567$4,693,144$43,451,266
93$57,701,591$9,044,904$4,741,100$47,632,502
94$63,474,447$9,375,398$4,787,220$52,232,194
95$69,832,584$9,718,536$4,831,335$57,292,756
96$76,835,589$10,074,826$4,873,266$62,860,923
97$84,549,123$10,444,796$4,912,825$68,988,186
98$93,045,541$10,828,998$4,949,812$75,731,277
99$102,404,574$11,228,008$4,984,019$83,152,706
100$112,714,083$11,642,422$5,015,226$91,321,349