Can I retire at age 61 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$174,242$172,690$171,176$169,698$168,254$167,264
2 years$86,258$84,652$83,095$81,585$80,121$79,122
3 years$56,934$55,321$53,768$52,273$50,832$49,855
4 years$42,275$40,667$39,129$37,659$36,254$35,307
5 years$33,482$31,883$30,366$28,926$27,560$26,645
6 years$27,622$26,035$24,540$23,132$21,807$20,926
7 years$23,438$21,864$20,393$19,018$17,735$16,888
8 years$20,301$18,742$17,295$15,954$14,713$13,900
9 years$17,862$16,318$14,896$13,589$12,390$11,611
10 years$15,913$14,383$12,987$11,714$10,557$9,812
11 years$14,319$12,805$11,433$10,195$9,080$8,367
12 years$12,991$11,493$10,147$8,942$7,868$7,188
13 years$11,869$10,386$9,065$7,895$6,861$6,213
14 years$10,908$9,441$8,145$7,008$6,014$5,397
15 years$10,076$8,624$7,354$6,250$5,296$4,708
16 years$9,348$7,913$6,668$5,596$4,680$4,122
17 years$8,707$7,287$6,067$5,028$4,150$3,620
18 years$8,137$6,734$5,539$4,531$3,690$3,188
19 years$7,629$6,241$5,070$4,094$3,289$2,814
20 years$7,171$5,799$4,653$3,708$2,938$2,488
21 years$6,758$5,402$4,280$3,365$2,629$2,204
22 years$6,383$5,042$3,945$3,060$2,356$1,955
23 years$6,041$4,716$3,642$2,787$2,115$1,737
24 years$5,728$4,419$3,369$2,542$1,901$1,545
25 years$5,440$4,147$3,120$2,321$1,711$1,375
26 years$5,175$3,897$2,894$2,122$1,541$1,226
27 years$4,930$3,668$2,687$1,943$1,389$1,093
28 years$4,703$3,456$2,498$1,780$1,254$975
29 years$4,492$3,260$2,324$1,632$1,132$871
30 years$4,295$3,079$2,165$1,498$1,023$778
31 years$4,111$2,911$2,019$1,376$925$696
32 years$3,940$2,754$1,883$1,264$837$622
33 years$3,779$2,608$1,758$1,163$757$557
34 years$3,627$2,472$1,643$1,070$685$498
35 years$3,485$2,345$1,536$985$621$446
36 years$3,351$2,225$1,437$907$562$399
37 years$3,225$2,114$1,345$836$510$358
38 years$3,105$2,009$1,260$770$462$321
39 years$2,992$1,910$1,180$710$419$287
40 years$2,885$1,817$1,106$655$380$257
41 years$2,783$1,730$1,037$604$345$231
42 years$2,686$1,647$973$558$313$207
43 years$2,594$1,570$913$515$284$186
44 years$2,507$1,496$857$475$258$166
45 years$2,424$1,427$805$439$234$149
46 years$2,344$1,361$756$406$212$134
47 years$2,268$1,299$710$375$193$120
48 years$2,196$1,240$667$346$175$108
49 years$2,126$1,184$627$320$159$97
50 years$2,060$1,131$590$296$145$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,110,000, adding $6,959 every year, while hoping to spend $48,145 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: 43/33/24 Blend
60$2,110,000$2,110,000$2,110,000$2,110,000
61$2,332,398$2,220,568$2,187,863$2,416,113
62$2,519,077$2,278,150$2,209,931$2,533,955
63$2,723,183$2,336,940$2,231,124$2,656,391
64$2,946,444$2,396,946$2,251,363$2,788,091
65$3,190,760$2,458,176$2,270,562$2,929,938
66$3,458,226$2,520,634$2,288,634$3,082,903
67$3,751,147$2,584,327$2,305,485$3,248,059
68$4,072,061$2,649,256$2,321,016$3,426,585
69$4,423,765$2,715,423$2,335,124$3,619,780
70$4,809,337$2,782,828$2,347,699$3,829,076
71$5,232,170$2,851,467$2,358,627$4,056,052
72$5,695,999$2,921,336$2,367,789$4,302,446
73$6,204,938$2,992,429$2,375,057$4,570,175
74$6,763,519$3,064,735$2,380,299$4,861,349
75$7,376,735$3,138,244$2,383,375$5,178,296
76$8,050,083$3,212,939$2,384,140$5,523,580
77$8,789,622$3,288,803$2,382,439$5,900,028
78$9,602,024$3,365,816$2,378,112$6,310,754
79$10,494,641$3,443,951$2,370,989$6,759,191
80$11,475,572$3,523,182$2,360,894$7,249,124
81$12,553,737$3,603,474$2,347,641$7,784,723
82$13,738,966$3,684,793$2,331,034$8,370,585
83$15,042,088$3,767,095$2,310,872$9,011,776
84$16,475,033$3,850,335$2,286,938$9,713,881
85$18,050,947$3,934,462$2,259,011$10,483,055
86$19,784,311$4,019,418$2,226,855$11,326,084
87$21,691,081$4,105,139$2,190,225$12,250,446
88$23,788,838$4,191,558$2,148,864$13,264,384
89$26,096,951$4,278,597$2,102,504$14,376,984
90$28,636,765$4,366,173$2,050,862$15,598,261
91$31,431,794$4,454,194$1,993,645$16,939,254
92$34,507,950$4,542,562$1,930,545$18,412,130
93$37,893,782$4,631,169$1,861,240$20,030,301
94$41,620,749$4,719,898$1,785,392$21,808,551
95$45,723,513$4,808,620$1,702,650$23,763,173
96$50,240,269$4,897,200$1,612,646$25,912,127
97$55,213,102$4,985,488$1,514,995$28,275,211
98$60,688,386$5,073,325$1,409,296$30,874,243
99$66,717,220$5,160,537$1,295,126$33,733,273
100$73,355,913$5,246,939$1,172,049$36,878,812