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%18.9%
1 years$235,350$233,254$231,209$229,212$227,263$219,112
2 years$116,510$114,340$112,237$110,198$108,220$100,097
3 years$76,902$74,723$72,625$70,605$68,660$60,819
4 years$57,102$54,929$52,852$50,867$48,969$41,470
5 years$45,225$43,065$41,016$39,071$37,225$30,089
6 years$37,309$35,166$33,147$31,245$29,455$22,686
7 years$31,657$29,532$27,545$25,688$23,955$17,551
8 years$27,421$25,315$23,360$21,549$19,873$13,830
9 years$24,127$22,041$20,120$18,355$16,736$11,045
10 years$21,494$19,428$17,541$15,822$14,260$8,912
11 years$19,341$17,296$15,443$13,770$12,264$7,247
12 years$17,548$15,524$13,705$12,078$10,628$5,930
13 years$16,032$14,029$12,245$10,663$9,267$4,877
14 years$14,733$12,752$11,002$9,466$8,124$4,026
15 years$13,609$11,649$9,933$8,442$7,153$3,335
16 years$12,627$10,688$9,006$7,559$6,322$2,769
17 years$11,760$9,843$8,195$6,791$5,605$2,304
18 years$10,991$9,095$7,481$6,120$4,984$1,921
19 years$10,304$8,429$6,849$5,530$4,442$1,604
20 years$9,686$7,833$6,285$5,009$3,968$1,341
21 years$9,128$7,296$5,781$4,546$3,551$1,122
22 years$8,621$6,811$5,328$4,133$3,183$939
23 years$8,159$6,370$4,920$3,764$2,857$787
24 years$7,736$5,968$4,550$3,433$2,568$660
25 years$7,348$5,601$4,214$3,135$2,311$554
26 years$6,990$5,264$3,908$2,867$2,082$465
27 years$6,659$4,954$3,629$2,624$1,877$390
28 years$6,352$4,668$3,374$2,404$1,693$328
29 years$6,067$4,404$3,140$2,205$1,529$275
30 years$5,801$4,159$2,925$2,023$1,382$231
31 years$5,553$3,932$2,726$1,858$1,249$194
32 years$5,321$3,720$2,544$1,708$1,130$163
33 years$5,104$3,523$2,375$1,570$1,023$137
34 years$4,900$3,339$2,219$1,445$926$115
35 years$4,708$3,167$2,075$1,330$839$97
36 years$4,526$3,006$1,941$1,225$760$82
37 years$4,356$2,855$1,817$1,129$689$69
38 years$4,194$2,713$1,701$1,040$624$58
39 years$4,041$2,580$1,594$959$566$48
40 years$3,896$2,455$1,494$885$513$41
41 years$3,759$2,337$1,401$816$466$34
42 years$3,628$2,225$1,314$753$423$29
43 years$3,504$2,120$1,233$695$384$24
44 years$3,386$2,021$1,157$642$348$20
45 years$3,274$1,927$1,087$593$316$17
46 years$3,166$1,839$1,021$548$287$14
47 years$3,064$1,755$959$506$261$12
48 years$2,966$1,675$901$468$237$10
49 years$2,872$1,599$847$432$215$9
50 years$2,783$1,528$796$399$195$7

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 $4,803 every year, while hoping to spend $43,510 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: 63/11/26 Blend
60$2,850,000$2,850,000$2,850,000$2,850,000
61$3,145,654$2,994,604$2,950,429$3,321,871
62$3,420,217$3,095,046$3,002,974$3,542,214
63$3,721,326$3,198,950$3,055,821$3,777,567
64$4,051,645$3,306,442$3,108,935$4,033,687
65$4,414,104$3,417,649$3,162,276$4,312,615
66$4,811,934$3,532,705$3,215,803$4,616,597
67$5,248,692$3,651,748$3,269,473$4,948,108
68$5,728,295$3,774,921$3,323,237$5,309,871
69$6,255,062$3,902,373$3,377,047$5,704,888
70$6,833,748$4,034,259$3,430,847$6,136,463
71$7,469,590$4,170,737$3,484,580$6,608,236
72$8,168,361$4,311,976$3,538,186$7,124,218
73$8,936,417$4,458,146$3,591,599$7,688,824
74$9,780,765$4,609,428$3,644,750$8,306,920
75$10,709,119$4,766,007$3,697,566$8,983,865
76$11,729,984$4,928,076$3,749,969$9,725,564
77$12,852,726$5,095,835$3,801,877$10,538,520
78$14,087,665$5,269,492$3,853,201$11,429,901
79$15,446,173$5,449,263$3,903,849$12,407,600
80$16,940,778$5,635,372$3,953,723$13,480,315
81$18,585,284$5,828,052$4,002,720$14,657,628
82$20,394,901$6,027,545$4,050,729$15,950,099
83$22,386,387$6,234,101$4,097,635$17,369,359
84$24,578,208$6,447,981$4,143,315$18,928,226
85$26,990,710$6,669,457$4,187,640$20,640,823
86$29,646,310$6,898,809$4,230,474$22,522,708
87$32,569,713$7,136,329$4,271,674$24,591,028
88$35,788,136$7,382,321$4,311,087$26,864,674
89$39,331,571$7,637,101$4,348,555$29,364,463
90$43,233,069$7,900,996$4,383,908$32,113,331
91$47,529,044$8,174,347$4,416,971$35,136,553
92$52,259,623$8,457,507$4,447,557$38,461,979
93$57,469,024$8,750,844$4,475,470$42,120,296
94$63,205,970$9,054,741$4,500,503$46,145,321
95$69,524,151$9,369,595$4,522,442$50,574,315
96$76,482,728$9,695,818$4,541,057$55,448,339
97$84,146,893$10,033,841$4,556,110$60,812,640
98$92,588,486$10,384,109$4,567,349$66,717,076
99$101,886,667$10,747,086$4,574,511$73,216,589
100$112,128,669$11,123,255$4,577,319$80,371,722