Can I retire at age 61 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$165,984$164,505$163,063$161,655$160,280$154,409
2 years$82,170$80,640$79,157$77,719$76,324$70,474
3 years$54,236$52,699$51,220$49,795$48,423$42,779
4 years$40,272$38,739$37,275$35,875$34,536$29,140
5 years$31,895$30,372$28,927$27,555$26,253$21,120
6 years$26,313$24,801$23,377$22,036$20,773$15,906
7 years$22,327$20,828$19,427$18,117$16,894$12,292
8 years$19,339$17,853$16,475$15,198$14,016$9,674
9 years$17,016$15,545$14,190$12,945$11,803$7,717
10 years$15,159$13,702$12,371$11,159$10,057$6,218
11 years$13,640$12,198$10,891$9,712$8,649$5,050
12 years$12,376$10,948$9,666$8,518$7,495$4,127
13 years$11,307$9,894$8,636$7,520$6,536$3,389
14 years$10,391$8,993$7,759$6,676$5,729$2,794
15 years$9,598$8,216$7,006$5,954$5,045$2,311
16 years$8,905$7,538$6,352$5,331$4,458$1,916
17 years$8,294$6,942$5,780$4,790$3,953$1,592
18 years$7,752$6,415$5,276$4,317$3,515$1,326
19 years$7,267$5,945$4,830$3,900$3,133$1,105
20 years$6,831$5,524$4,433$3,533$2,798$922
21 years$6,438$5,146$4,077$3,206$2,504$770
22 years$6,080$4,803$3,758$2,915$2,245$644
23 years$5,754$4,492$3,470$2,655$2,015$539
24 years$5,456$4,209$3,209$2,421$1,811$451
25 years$5,182$3,950$2,972$2,211$1,630$378
26 years$4,930$3,712$2,756$2,022$1,468$317
27 years$4,696$3,494$2,560$1,851$1,324$265
28 years$4,480$3,292$2,380$1,696$1,194$223
29 years$4,279$3,106$2,214$1,555$1,078$187
30 years$4,091$2,933$2,063$1,427$974$157
31 years$3,917$2,773$1,923$1,311$881$131
32 years$3,753$2,624$1,794$1,204$797$110
33 years$3,600$2,485$1,675$1,108$721$92
34 years$3,456$2,355$1,565$1,019$653$78
35 years$3,320$2,234$1,463$938$591$65
36 years$3,192$2,120$1,369$864$536$55
37 years$3,072$2,013$1,281$796$486$46
38 years$2,958$1,914$1,200$734$440$39
39 years$2,850$1,820$1,124$677$399$32
40 years$2,748$1,731$1,054$624$362$27
41 years$2,651$1,648$988$576$329$23
42 years$2,559$1,569$927$531$298$19
43 years$2,471$1,495$870$490$271$16
44 years$2,388$1,425$816$453$246$13
45 years$2,309$1,359$766$418$223$11
46 years$2,233$1,297$720$386$202$10
47 years$2,161$1,237$676$357$184$8
48 years$2,092$1,181$636$330$167$7
49 years$2,026$1,128$597$305$152$6
50 years$1,962$1,078$562$282$138$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,010,000, adding $4,700 every year, while hoping to spend $36,513 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: 50/30/20 Blend
60$2,010,000$2,010,000$2,010,000$2,010,000
61$2,219,868$2,113,338$2,082,183$2,318,251
62$2,407,445$2,178,042$2,113,087$2,451,520
63$2,612,931$2,244,693$2,143,802$2,592,155
64$2,838,114$2,313,347$2,174,283$2,744,229
65$3,084,964$2,384,063$2,204,484$2,908,834
66$3,355,650$2,456,902$2,234,354$3,087,175
67$3,652,560$2,531,924$2,263,838$3,280,577
68$3,978,326$2,609,193$2,292,882$3,490,497
69$4,335,846$2,688,774$2,321,424$3,718,541
70$4,728,313$2,770,734$2,349,402$3,966,477
71$5,159,242$2,855,142$2,376,749$4,236,248
72$5,632,509$2,942,068$2,403,394$4,529,999
73$6,152,381$3,031,585$2,429,263$4,850,086
74$6,723,558$3,123,767$2,454,278$5,199,110
75$7,351,219$3,218,690$2,478,354$5,579,929
76$8,041,070$3,316,433$2,501,406$5,995,694
77$8,799,397$3,417,076$2,523,341$6,449,875
78$9,633,125$3,520,702$2,544,063$6,946,294
79$10,549,883$3,627,395$2,563,468$7,489,161
80$11,558,077$3,737,244$2,581,450$8,083,112
81$12,666,968$3,850,336$2,597,896$8,733,256
82$13,886,760$3,966,763$2,612,686$9,445,218
83$15,228,695$4,086,620$2,625,697$10,225,197
84$16,705,161$4,210,003$2,636,796$11,080,022
85$18,329,805$4,337,011$2,645,846$12,017,216
86$20,117,665$4,467,744$2,652,702$13,045,067
87$22,085,310$4,602,307$2,657,211$14,172,705
88$24,250,998$4,740,807$2,659,215$15,410,192
89$26,634,846$4,883,352$2,658,544$16,768,610
90$29,259,019$5,030,055$2,655,024$18,260,174
91$32,147,941$5,181,030$2,648,469$19,898,338
92$35,328,525$5,336,394$2,638,687$21,697,929
93$38,830,425$5,496,269$2,625,474$23,675,282
94$42,686,319$5,660,776$2,608,618$25,848,397
95$46,932,212$5,830,043$2,587,895$28,237,109
96$51,607,781$6,004,198$2,563,073$30,863,270
97$56,756,745$6,183,375$2,533,906$33,750,961
98$62,427,281$6,367,707$2,500,139$36,926,718
99$68,672,473$6,557,334$2,461,503$40,419,779
100$75,550,819$6,752,398$2,417,718$44,262,364