Can I retire at age 61 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$169,287$167,779$166,308$164,872$163,470$159,389
2 years$83,805$82,245$80,732$79,265$77,843$73,757
3 years$55,315$53,748$52,239$50,786$49,387$45,424
4 years$41,073$39,510$38,017$36,589$35,223$31,414
5 years$32,530$30,977$29,502$28,104$26,776$23,131
6 years$26,836$25,295$23,842$22,475$21,187$17,710
7 years$22,771$21,242$19,813$18,478$17,231$13,921
8 years$19,724$18,209$16,803$15,500$14,294$11,152
9 years$17,355$15,854$14,472$13,203$12,038$9,059
10 years$15,460$13,974$12,617$11,381$10,257$7,439
11 years$13,912$12,441$11,108$9,905$8,821$6,160
12 years$12,622$11,166$9,858$8,688$7,644$5,135
13 years$11,532$10,091$8,808$7,670$6,666$4,303
14 years$10,598$9,172$7,914$6,809$5,843$3,622
15 years$9,789$8,379$7,145$6,072$5,145$3,060
16 years$9,082$7,688$6,478$5,437$4,547$2,593
17 years$8,459$7,080$5,895$4,885$4,032$2,202
18 years$7,906$6,542$5,381$4,402$3,585$1,875
19 years$7,412$6,063$4,926$3,978$3,195$1,599
20 years$6,967$5,634$4,521$3,603$2,854$1,365
21 years$6,566$5,248$4,158$3,270$2,554$1,167
22 years$6,201$4,899$3,833$2,973$2,289$999
23 years$5,869$4,582$3,539$2,708$2,055$856
24 years$5,565$4,293$3,273$2,469$1,847$734
25 years$5,285$4,029$3,031$2,255$1,662$630
26 years$5,028$3,786$2,811$2,062$1,497$540
27 years$4,790$3,563$2,611$1,887$1,350$464
28 years$4,569$3,358$2,427$1,729$1,218$399
29 years$4,364$3,168$2,258$1,586$1,100$343
30 years$4,173$2,992$2,104$1,455$994$295
31 years$3,995$2,828$1,961$1,337$898$253
32 years$3,828$2,676$1,830$1,228$813$218
33 years$3,671$2,534$1,708$1,130$736$187
34 years$3,524$2,402$1,596$1,039$666$161
35 years$3,386$2,278$1,492$957$603$139
36 years$3,256$2,162$1,396$881$546$119
37 years$3,133$2,054$1,307$812$495$103
38 years$3,017$1,952$1,224$748$449$89
39 years$2,907$1,856$1,146$690$407$76
40 years$2,803$1,766$1,075$636$369$66
41 years$2,704$1,681$1,008$587$335$57
42 years$2,610$1,601$945$542$304$49
43 years$2,521$1,525$887$500$276$42
44 years$2,436$1,454$833$462$250$36
45 years$2,355$1,386$782$427$227$31
46 years$2,277$1,322$734$394$206$27
47 years$2,204$1,262$690$364$187$23
48 years$2,133$1,205$648$336$170$20
49 years$2,066$1,150$609$311$155$17
50 years$2,002$1,099$573$287$140$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,050,000, adding $6,580 every year, while hoping to spend $25,580 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: 68/14/18 Blend
60$2,050,000$2,050,000$2,050,000$2,050,000
61$2,265,887$2,157,237$2,125,462$2,409,619
62$2,469,791$2,235,725$2,169,448$2,584,922
63$2,693,635$2,317,201$2,214,051$2,772,996
64$2,939,427$2,401,786$2,259,263$2,978,088
65$3,209,378$2,489,602$2,305,077$3,201,873
66$3,505,923$2,580,781$2,351,486$3,446,193
67$3,831,745$2,675,457$2,398,478$3,713,077
68$4,189,800$2,773,771$2,446,044$4,004,758
69$4,583,343$2,875,870$2,494,170$4,323,696
70$5,015,963$2,981,906$2,542,843$4,672,599
71$5,491,611$3,092,039$2,592,049$5,054,449
72$6,014,642$3,206,436$2,641,769$5,472,530
73$6,589,853$3,325,269$2,691,985$5,930,460
74$7,222,529$3,448,718$2,742,679$6,432,222
75$7,918,495$3,576,973$2,793,826$6,982,203
76$8,684,166$3,710,229$2,845,404$7,585,237
77$9,526,612$3,848,692$2,897,386$8,246,646
78$10,453,622$3,992,574$2,949,744$8,972,294
79$11,473,780$4,142,098$3,002,449$9,768,638
80$12,596,540$4,297,496$3,055,466$10,642,794
81$13,832,324$4,459,010$3,108,761$11,602,599
82$15,192,613$4,626,893$3,162,296$12,656,686
83$16,690,057$4,801,408$3,216,030$13,814,568
84$18,338,596$4,982,830$3,269,920$15,086,721
85$20,153,589$5,171,445$3,323,919$16,484,689
86$22,151,962$5,367,553$3,377,977$18,021,191
87$24,352,365$5,571,466$3,432,042$19,710,237
88$26,775,347$5,783,508$3,486,056$21,567,265
89$29,443,553$6,004,021$3,539,960$23,609,282
90$32,381,935$6,233,358$3,593,688$25,855,026
91$35,617,989$6,471,889$3,647,174$28,325,145
92$39,182,014$6,720,001$3,700,344$31,042,384
93$43,107,395$6,978,097$3,753,121$34,031,808
94$47,430,922$7,246,597$3,805,423$37,321,033
95$52,193,136$7,525,940$3,857,165$40,940,486
96$57,438,711$7,816,586$3,908,255$44,923,695
97$63,216,873$8,119,012$3,958,595$49,307,600
98$69,581,869$8,433,719$4,008,083$54,132,906
99$76,593,476$8,761,227$4,056,610$59,444,465
100$84,317,567$9,102,083$4,104,062$65,291,697