Can I retire at age 61 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$175,893$174,327$172,798$171,306$169,849$166,761
2 years$87,076$85,454$83,883$82,359$80,881$77,780
3 years$57,474$55,845$54,278$52,768$51,314$48,298
4 years$42,676$41,052$39,500$38,016$36,598$33,690
5 years$33,799$32,185$30,654$29,200$27,821$25,029
6 years$27,884$26,282$24,773$23,352$22,014$19,341
7 years$23,660$22,071$20,586$19,199$17,903$15,350
8 years$20,493$18,919$17,459$16,105$14,852$12,419
9 years$18,032$16,473$15,037$13,718$12,508$10,192
10 years$16,064$14,520$13,110$11,825$10,657$8,457
11 years$14,455$12,926$11,542$10,291$9,166$7,079
12 years$13,115$11,602$10,243$9,027$7,943$5,967
13 years$11,982$10,485$9,151$7,969$6,926$5,057
14 years$11,011$9,530$8,223$7,074$6,071$4,307
15 years$10,171$8,706$7,424$6,309$5,346$3,681
16 years$9,437$7,988$6,731$5,649$4,725$3,157
17 years$8,789$7,356$6,125$5,076$4,189$2,715
18 years$8,215$6,798$5,591$4,574$3,725$2,340
19 years$7,701$6,300$5,118$4,133$3,320$2,020
20 years$7,239$5,854$4,697$3,743$2,966$1,748
21 years$6,822$5,453$4,321$3,397$2,654$1,514
22 years$6,443$5,090$3,982$3,089$2,379$1,313
23 years$6,098$4,761$3,677$2,813$2,135$1,140
24 years$5,782$4,460$3,400$2,566$1,919$990
25 years$5,491$4,186$3,150$2,343$1,727$861
26 years$5,224$3,934$2,921$2,143$1,556$749
27 years$4,977$3,702$2,712$1,961$1,403$653
28 years$4,747$3,489$2,522$1,797$1,266$568
29 years$4,534$3,291$2,347$1,648$1,143$495
30 years$4,336$3,108$2,186$1,512$1,033$432
31 years$4,150$2,938$2,038$1,389$934$377
32 years$3,977$2,780$1,901$1,276$844$329
33 years$3,815$2,633$1,775$1,174$764$287
34 years$3,662$2,495$1,659$1,080$692$250
35 years$3,518$2,367$1,551$994$627$219
36 years$3,383$2,247$1,451$916$568$191
37 years$3,255$2,134$1,358$844$515$167
38 years$3,135$2,028$1,271$778$467$146
39 years$3,020$1,928$1,191$717$423$127
40 years$2,912$1,835$1,117$661$384$111
41 years$2,809$1,746$1,047$610$348$97
42 years$2,712$1,663$982$563$316$85
43 years$2,619$1,585$922$520$287$74
44 years$2,531$1,510$865$480$260$65
45 years$2,447$1,440$812$443$236$57
46 years$2,366$1,374$763$409$215$49
47 years$2,290$1,311$717$378$195$43
48 years$2,217$1,252$674$350$177$38
49 years$2,147$1,195$633$323$161$33
50 years$2,080$1,142$595$299$146$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,130,000, adding $5,277 every year, while hoping to spend $40,664 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: 76/11/13 Blend
60$2,130,000$2,130,000$2,130,000$2,130,000
61$2,352,703$2,239,813$2,206,798$2,524,907
62$2,549,413$2,306,298$2,237,460$2,705,697
63$2,764,824$2,374,677$2,267,786$2,898,192
64$3,000,801$2,445,002$2,297,722$3,108,087
65$3,259,398$2,517,322$2,327,210$3,337,101
66$3,542,875$2,591,690$2,356,191$3,587,125
67$3,853,725$2,668,159$2,384,600$3,860,243
68$4,194,690$2,746,784$2,412,369$4,158,750
69$4,568,792$2,827,619$2,439,426$4,485,173
70$4,979,358$2,910,723$2,465,697$4,842,298
71$5,430,056$2,996,151$2,491,101$5,233,189
72$5,924,923$3,083,964$2,515,554$5,661,226
73$6,468,408$3,174,221$2,538,969$6,130,129
74$7,065,412$3,266,984$2,561,250$6,643,996
75$7,721,333$3,362,315$2,582,301$7,207,344
76$8,442,118$3,460,278$2,602,017$7,825,146
77$9,234,319$3,560,936$2,620,289$8,502,884
78$10,105,154$3,664,357$2,637,004$9,246,595
79$11,062,576$3,770,607$2,652,040$10,062,931
80$12,115,347$3,879,754$2,665,271$10,959,221
81$13,273,117$3,991,867$2,676,563$11,943,539
82$14,546,524$4,107,018$2,685,776$13,024,782
83$15,947,284$4,225,276$2,692,764$14,212,752
84$17,488,307$4,346,715$2,697,372$15,518,250
85$19,183,819$4,471,408$2,699,438$16,953,176
86$21,049,491$4,599,430$2,698,792$18,530,642
87$23,102,593$4,730,856$2,695,255$20,265,096
88$25,362,152$4,865,762$2,688,641$22,172,458
89$27,849,133$5,004,226$2,678,752$24,270,270
90$30,586,638$5,146,326$2,665,384$26,577,861
91$33,600,120$5,292,142$2,648,320$29,116,529
92$36,917,628$5,441,752$2,627,333$31,909,744
93$40,570,065$5,595,237$2,602,189$34,983,368
94$44,591,487$5,752,679$2,572,637$38,365,896
95$49,019,417$5,914,158$2,538,418$42,088,733
96$53,895,203$6,079,758$2,499,261$46,186,480
97$59,264,407$6,249,559$2,454,880$50,697,267
98$65,177,234$6,423,646$2,404,976$55,663,114
99$71,689,008$6,602,100$2,349,238$61,130,321
100$78,860,688$6,785,004$2,287,340$67,149,910