Can I retire at age 61 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$236,176$234,072$232,020$230,017$228,060$220,848
2 years$116,919$114,741$112,631$110,585$108,600$101,400
3 years$77,172$74,985$72,880$70,853$68,900$61,937
4 years$57,302$55,122$53,038$51,045$49,140$42,468
5 years$45,383$43,216$41,159$39,208$37,356$30,992
6 years$37,440$35,289$33,263$31,355$29,558$23,508
7 years$31,769$29,636$27,642$25,779$24,039$18,302
8 years$27,517$25,403$23,442$21,625$19,943$14,516
9 years$24,212$22,118$20,191$18,420$16,794$11,671
10 years$21,569$19,496$17,603$15,878$14,310$9,482
11 years$19,408$17,356$15,497$13,819$12,307$7,766
12 years$17,609$15,578$13,753$12,121$10,665$6,402
13 years$16,088$14,078$12,288$10,701$9,300$5,304
14 years$14,785$12,796$11,041$9,499$8,152$4,412
15 years$13,657$11,690$9,968$8,471$7,178$3,683
16 years$12,671$10,725$9,038$7,585$6,344$3,083
17 years$11,802$9,878$8,224$6,815$5,625$2,587
18 years$11,030$9,127$7,507$6,142$5,001$2,174
19 years$10,340$8,459$6,873$5,550$4,458$1,830
20 years$9,720$7,861$6,307$5,026$3,982$1,543
21 years$9,160$7,322$5,802$4,562$3,563$1,302
22 years$8,651$6,835$5,347$4,148$3,194$1,100
23 years$8,188$6,392$4,937$3,777$2,867$930
24 years$7,763$5,989$4,566$3,445$2,577$786
25 years$7,374$5,621$4,229$3,146$2,319$666
26 years$7,014$5,282$3,922$2,877$2,089$564
27 years$6,682$4,971$3,642$2,633$1,883$477
28 years$6,374$4,684$3,386$2,413$1,699$404
29 years$6,088$4,419$3,151$2,212$1,534$343
30 years$5,822$4,174$2,935$2,030$1,386$291
31 years$5,573$3,945$2,736$1,865$1,253$246
32 years$5,340$3,733$2,553$1,714$1,134$209
33 years$5,122$3,535$2,384$1,576$1,026$177
34 years$4,917$3,351$2,227$1,450$929$150
35 years$4,724$3,178$2,082$1,335$841$128
36 years$4,542$3,016$1,948$1,229$762$108
37 years$4,371$2,865$1,823$1,133$691$92
38 years$4,209$2,723$1,707$1,044$626$78
39 years$4,055$2,589$1,599$963$568$66
40 years$3,910$2,463$1,499$888$515$56
41 years$3,772$2,345$1,406$819$467$48
42 years$3,641$2,233$1,319$756$424$40
43 years$3,517$2,128$1,237$698$385$34
44 years$3,398$2,028$1,162$644$349$29
45 years$3,285$1,934$1,091$595$317$25
46 years$3,177$1,845$1,024$550$288$21
47 years$3,075$1,761$962$508$262$18
48 years$2,976$1,681$904$469$238$15
49 years$2,882$1,605$850$434$216$13
50 years$2,792$1,533$799$401$196$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,860,000, adding $4,472 every year, while hoping to spend $60,000 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: 33/43/24 Blend
60$2,860,000$2,860,000$2,860,000$2,860,000
61$3,156,333$3,004,753$2,960,423$3,237,200
62$3,414,439$3,088,146$2,995,757$3,381,740
63$3,696,862$3,173,615$3,030,265$3,531,684
64$4,006,017$3,261,197$3,063,854$3,692,078
65$4,344,566$3,350,932$3,096,429$3,863,886
66$4,715,440$3,442,856$3,127,888$4,048,164
67$5,121,867$3,537,008$3,158,124$4,246,077
68$5,567,401$3,633,425$3,187,025$4,458,907
69$6,055,958$3,732,144$3,214,472$4,688,064
70$6,591,849$3,833,202$3,240,339$4,935,104
71$7,179,823$3,936,635$3,264,497$5,201,736
72$7,825,112$4,042,477$3,286,805$5,489,844
73$8,533,479$4,150,764$3,307,118$5,801,504
74$9,311,270$4,261,528$3,325,283$6,139,001
75$10,165,479$4,374,802$3,341,139$6,504,853
76$11,103,807$4,490,617$3,354,516$6,901,833
77$12,134,741$4,609,002$3,365,238$7,332,997
78$13,267,627$4,729,986$3,373,116$7,801,710
79$14,512,765$4,853,595$3,377,956$8,311,681
80$15,881,500$4,979,855$3,379,550$8,866,996
81$17,386,332$5,108,786$3,377,684$9,472,158
82$19,041,031$5,240,410$3,372,130$10,132,128
83$20,860,771$5,374,744$3,362,650$10,852,372
84$22,862,267$5,511,804$3,348,996$11,638,915
85$25,063,937$5,651,601$3,330,906$12,498,395
86$27,486,073$5,794,145$3,308,107$13,438,128
87$30,151,034$5,939,439$3,280,310$14,466,177
88$33,083,455$6,087,487$3,247,215$15,591,427
89$36,310,479$6,238,285$3,208,508$16,823,668
90$39,862,013$6,391,827$3,163,859$18,173,694
91$43,771,011$6,548,099$3,112,921$19,653,396
92$48,073,784$6,707,086$3,055,334$21,275,883
93$52,810,341$6,868,764$2,990,719$23,055,601
94$58,024,768$7,033,105$2,918,679$25,008,470
95$63,765,640$7,200,073$2,838,801$27,152,037
96$70,086,486$7,369,627$2,750,651$29,505,643
97$77,046,285$7,541,717$2,653,776$32,090,602
98$84,710,030$7,716,284$2,547,701$34,930,404
99$93,149,334$7,893,264$2,431,931$38,050,942
100$102,443,113$8,072,581$2,305,947$41,480,750