Can I retire at age 61 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$235,350$233,254$231,209$229,212$227,263$222,493
2 years$116,510$114,340$112,237$110,198$108,220$103,437
3 years$76,902$74,723$72,625$70,605$68,660$64,012
4 years$57,102$54,929$52,852$50,867$48,969$44,493
5 years$45,225$43,065$41,016$39,071$37,225$32,934
6 years$37,309$35,166$33,147$31,245$29,455$25,353
7 years$31,657$29,532$27,545$25,688$23,955$20,043
8 years$27,421$25,315$23,360$21,549$19,873$16,149
9 years$24,127$22,041$20,120$18,355$16,736$13,198
10 years$21,494$19,428$17,541$15,822$14,260$10,905
11 years$19,341$17,296$15,443$13,770$12,264$9,087
12 years$17,548$15,524$13,705$12,078$10,628$7,625
13 years$16,032$14,029$12,245$10,663$9,267$6,433
14 years$14,733$12,752$11,002$9,466$8,124$5,452
15 years$13,609$11,649$9,933$8,442$7,153$4,638
16 years$12,627$10,688$9,006$7,559$6,322$3,958
17 years$11,760$9,843$8,195$6,791$5,605$3,386
18 years$10,991$9,095$7,481$6,120$4,984$2,904
19 years$10,304$8,429$6,849$5,530$4,442$2,494
20 years$9,686$7,833$6,285$5,009$3,968$2,146
21 years$9,128$7,296$5,781$4,546$3,551$1,849
22 years$8,621$6,811$5,328$4,133$3,183$1,595
23 years$8,159$6,370$4,920$3,764$2,857$1,377
24 years$7,736$5,968$4,550$3,433$2,568$1,190
25 years$7,348$5,601$4,214$3,135$2,311$1,029
26 years$6,990$5,264$3,908$2,867$2,082$891
27 years$6,659$4,954$3,629$2,624$1,877$771
28 years$6,352$4,668$3,374$2,404$1,693$668
29 years$6,067$4,404$3,140$2,205$1,529$579
30 years$5,801$4,159$2,925$2,023$1,382$502
31 years$5,553$3,932$2,726$1,858$1,249$435
32 years$5,321$3,720$2,544$1,708$1,130$377
33 years$5,104$3,523$2,375$1,570$1,023$327
34 years$4,900$3,339$2,219$1,445$926$284
35 years$4,708$3,167$2,075$1,330$839$247
36 years$4,526$3,006$1,941$1,225$760$214
37 years$4,356$2,855$1,817$1,129$689$186
38 years$4,194$2,713$1,701$1,040$624$161
39 years$4,041$2,580$1,594$959$566$140
40 years$3,896$2,455$1,494$885$513$122
41 years$3,759$2,337$1,401$816$466$106
42 years$3,628$2,225$1,314$753$423$92
43 years$3,504$2,120$1,233$695$384$80
44 years$3,386$2,021$1,157$642$348$69
45 years$3,274$1,927$1,087$593$316$60
46 years$3,166$1,839$1,021$548$287$52
47 years$3,064$1,755$959$506$261$45
48 years$2,966$1,675$901$468$237$39
49 years$2,872$1,599$847$432$215$34
50 years$2,783$1,528$796$399$195$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,850,000, adding $4,770 every year, while hoping to spend $42,256 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: 45/49/6 Blend
60$2,850,000$2,850,000$2,850,000$2,850,000
61$3,145,620$2,994,570$2,950,395$3,281,752
62$3,421,513$3,096,344$3,004,273$3,477,809
63$3,724,132$3,201,689$3,058,540$3,685,492
64$4,056,156$3,310,734$3,113,164$3,909,686
65$4,420,540$3,423,616$3,168,111$4,151,922
66$4,820,536$3,540,475$3,223,345$4,413,884
67$5,259,729$3,661,457$3,278,825$4,697,421
68$5,742,066$3,786,713$3,334,510$5,004,567
69$6,271,896$3,916,400$3,390,355$5,337,555
70$6,854,008$4,050,683$3,446,311$5,698,844
71$7,493,681$4,189,730$3,502,326$6,091,133
72$8,196,728$4,333,719$3,558,346$6,517,395
73$8,969,555$4,482,831$3,614,311$6,980,894
74$9,819,218$4,637,259$3,670,159$7,485,225
75$10,753,492$4,797,198$3,725,823$8,034,342
76$11,780,942$4,962,855$3,781,232$8,632,592
77$12,911,006$5,134,443$3,836,311$9,284,761
78$14,154,081$5,312,183$3,890,980$9,996,115
79$15,521,624$5,496,306$3,945,155$10,772,447
80$17,026,257$5,687,053$3,998,744$11,620,136
81$18,681,887$5,884,670$4,051,654$12,546,199
82$20,503,839$6,089,418$4,103,784$13,558,364
83$22,508,996$6,301,565$4,155,026$14,665,134
84$24,715,963$6,521,391$4,205,269$15,875,872
85$27,145,238$6,749,186$4,254,392$17,200,886
86$29,819,409$6,985,253$4,302,271$18,651,526
87$32,763,365$7,229,907$4,348,773$20,240,285
88$36,004,529$7,483,473$4,393,758$21,980,925
89$39,573,119$7,746,291$4,437,077$23,888,595
90$43,502,434$8,018,716$4,478,576$25,979,979
91$47,829,164$8,301,115$4,518,090$28,273,454
92$52,593,739$8,593,870$4,555,446$30,789,252
93$57,840,709$8,897,379$4,590,463$33,549,661
94$63,619,167$9,212,055$4,622,948$36,579,226
95$69,983,206$9,538,331$4,652,702$39,904,982
96$76,992,436$9,876,652$4,679,510$43,556,705
97$84,712,543$10,227,486$4,703,152$47,567,197
98$93,215,907$10,591,317$4,723,392$51,972,584
99$102,582,288$10,968,651$4,739,985$56,812,666
100$112,899,579$11,360,012$4,752,672$62,131,282