Can I retire at age 61 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$232,873$230,799$228,775$226,800$224,871$217,847
2 years$115,284$113,137$111,056$109,038$107,081$100,068
3 years$76,092$73,936$71,860$69,862$67,937$61,153
4 years$56,501$54,351$52,296$50,332$48,453$41,951
5 years$44,748$42,612$40,584$38,659$36,833$30,631
6 years$36,916$34,796$32,798$30,916$29,145$23,247
7 years$31,324$29,221$27,255$25,418$23,703$18,109
8 years$27,132$25,048$23,114$21,323$19,664$14,371
9 years$23,873$21,809$19,909$18,162$16,560$11,562
10 years$21,267$19,223$17,357$15,656$14,110$9,399
11 years$19,137$17,113$15,281$13,625$12,135$7,703
12 years$17,363$15,360$13,561$11,951$10,516$6,354
13 years$15,863$13,881$12,116$10,551$9,170$5,268
14 years$14,578$12,618$10,886$9,366$8,038$4,386
15 years$13,466$11,526$9,829$8,353$7,078$3,663
16 years$12,494$10,575$8,911$7,479$6,255$3,069
17 years$11,637$9,739$8,109$6,720$5,546$2,576
18 years$10,876$9,000$7,402$6,056$4,931$2,167
19 years$10,196$8,341$6,777$5,472$4,396$1,826
20 years$9,584$7,751$6,219$4,956$3,926$1,540
21 years$9,032$7,219$5,720$4,498$3,513$1,301
22 years$8,530$6,739$5,272$4,090$3,149$1,100
23 years$8,073$6,303$4,868$3,725$2,827$930
24 years$7,655$5,905$4,502$3,397$2,541$788
25 years$7,270$5,542$4,170$3,102$2,287$667
26 years$6,916$5,209$3,867$2,837$2,060$565
27 years$6,589$4,902$3,591$2,596$1,857$479
28 years$6,285$4,619$3,338$2,379$1,676$406
29 years$6,003$4,357$3,107$2,181$1,513$345
30 years$5,740$4,115$2,894$2,002$1,367$292
31 years$5,495$3,890$2,698$1,839$1,236$248
32 years$5,265$3,681$2,517$1,690$1,118$211
33 years$5,050$3,486$2,350$1,554$1,012$179
34 years$4,848$3,304$2,196$1,430$916$152
35 years$4,658$3,134$2,053$1,316$830$129
36 years$4,479$2,974$1,921$1,212$752$109
37 years$4,310$2,825$1,798$1,117$681$93
38 years$4,150$2,685$1,683$1,029$618$79
39 years$3,999$2,553$1,577$949$560$67
40 years$3,855$2,429$1,478$875$508$57
41 years$3,719$2,312$1,386$808$461$48
42 years$3,590$2,202$1,300$745$418$41
43 years$3,467$2,098$1,220$688$380$35
44 years$3,351$2,000$1,145$635$345$30
45 years$3,239$1,907$1,075$587$313$25
46 years$3,133$1,819$1,010$542$284$21
47 years$3,032$1,736$949$501$258$18
48 years$2,935$1,657$892$463$234$15
49 years$2,842$1,583$838$428$213$13
50 years$2,753$1,512$788$395$193$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,820,000, adding $3,678 every year, while hoping to spend $46,093 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: 49/34/17 Blend
60$2,820,000$2,820,000$2,820,000$2,820,000
61$3,111,434$2,961,974$2,918,264$3,248,980
62$3,379,758$3,058,068$2,966,983$3,440,524
63$3,673,905$3,157,326$3,015,790$3,643,446
64$3,996,463$3,259,854$3,064,638$3,862,885
65$4,350,277$3,365,762$3,113,478$4,100,411
66$4,738,485$3,475,164$3,162,260$4,357,749
67$5,164,542$3,588,178$3,210,926$4,636,795
68$5,632,252$3,704,926$3,259,419$4,939,639
69$6,145,808$3,825,534$3,307,676$5,268,578
70$6,709,828$3,950,132$3,355,630$5,626,141
71$7,329,397$4,078,855$3,403,211$6,015,109
72$8,010,120$4,211,844$3,450,343$6,438,546
73$8,758,170$4,349,242$3,496,948$6,899,824
74$9,580,349$4,491,200$3,542,941$7,402,652
75$10,484,148$4,637,873$3,588,233$7,951,118
76$11,477,823$4,789,420$3,632,731$8,549,719
77$12,570,468$4,946,009$3,676,334$9,203,408
78$13,772,103$5,107,811$3,718,938$9,917,638
79$15,093,768$5,275,003$3,760,433$10,698,415
80$16,547,624$5,447,771$3,800,699$11,552,351
81$18,147,074$5,626,304$3,839,615$12,486,731
82$19,906,884$5,810,801$3,877,050$13,509,574
83$21,843,321$6,001,465$3,912,867$14,629,714
84$23,974,312$6,198,509$3,946,920$15,856,882
85$26,319,607$6,402,151$3,979,057$17,201,793
86$28,900,970$6,612,620$4,009,119$18,676,253
87$31,742,381$6,830,149$4,036,935$20,293,264
88$34,870,260$7,054,984$4,062,329$22,067,150
89$38,313,723$7,287,374$4,085,114$24,013,689
90$42,104,851$7,527,583$4,105,093$26,150,263
91$46,278,992$7,775,881$4,122,060$28,496,021
92$50,875,097$8,032,548$4,135,797$31,072,057
93$55,936,089$8,297,874$4,146,078$33,901,613
94$61,509,261$8,572,161$4,152,663$37,010,291
95$67,646,729$8,855,721$4,155,301$40,426,300
96$74,405,920$9,148,875$4,153,728$44,180,719
97$81,850,114$9,451,960$4,147,667$48,307,789
98$90,049,041$9,765,322$4,136,830$52,845,236
99$99,079,541$10,089,321$4,120,912$57,834,627
100$109,026,285$10,424,328$4,099,593$63,321,760