Can I retire at age 61 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$180,022$178,419$176,854$175,327$173,836$168,137
2 years$89,120$87,460$85,852$84,292$82,779$77,092
3 years$58,823$57,156$55,552$54,007$52,519$47,021
4 years$43,678$42,016$40,427$38,909$37,457$32,192
5 years$34,593$32,941$31,373$29,886$28,474$23,456
6 years$28,538$26,899$25,354$23,900$22,530$17,763
7 years$24,215$22,590$21,070$19,649$18,323$13,805
8 years$20,974$19,363$17,869$16,483$15,201$10,930
9 years$18,455$16,859$15,390$14,040$12,801$8,772
10 years$16,441$14,861$13,418$12,103$10,907$7,113
11 years$14,794$13,230$11,813$10,533$9,381$5,815
12 years$13,422$11,874$10,483$9,239$8,129$4,783
13 years$12,263$10,731$9,366$8,157$7,089$3,955
14 years$11,270$9,754$8,416$7,240$6,214$3,284
15 years$10,410$8,910$7,598$6,457$5,471$2,735
16 years$9,658$8,175$6,889$5,782$4,836$2,284
17 years$8,996$7,529$6,269$5,195$4,288$1,912
18 years$8,407$6,957$5,722$4,682$3,812$1,604
19 years$7,882$6,448$5,239$4,230$3,398$1,347
20 years$7,409$5,992$4,808$3,831$3,035$1,133
21 years$6,982$5,581$4,422$3,477$2,716$954
22 years$6,594$5,210$4,076$3,162$2,435$804
23 years$6,241$4,872$3,763$2,879$2,185$678
24 years$5,918$4,565$3,480$2,626$1,964$572
25 years$5,620$4,284$3,223$2,398$1,768$483
26 years$5,347$4,026$2,990$2,193$1,592$408
27 years$5,093$3,789$2,776$2,007$1,435$345
28 years$4,859$3,571$2,581$1,839$1,295$291
29 years$4,641$3,369$2,402$1,686$1,170$246
30 years$4,438$3,181$2,237$1,548$1,057$208
31 years$4,248$3,007$2,086$1,421$955$176
32 years$4,070$2,846$1,946$1,306$864$149
33 years$3,904$2,695$1,817$1,201$782$126
34 years$3,748$2,554$1,698$1,105$708$107
35 years$3,601$2,422$1,587$1,017$641$90
36 years$3,462$2,299$1,485$937$581$76
37 years$3,332$2,184$1,390$863$527$65
38 years$3,208$2,075$1,301$796$478$55
39 years$3,091$1,973$1,219$734$433$46
40 years$2,980$1,878$1,143$677$393$39
41 years$2,875$1,787$1,072$624$356$33
42 years$2,775$1,702$1,005$576$323$28
43 years$2,681$1,622$943$532$293$24
44 years$2,590$1,546$885$491$266$20
45 years$2,504$1,474$831$454$242$17
46 years$2,422$1,406$781$419$220$14
47 years$2,344$1,342$734$387$199$12
48 years$2,269$1,281$689$358$181$10
49 years$2,197$1,223$648$331$164$9
50 years$2,128$1,169$609$306$149$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,180,000, adding $3,345 every year, while hoping to spend $51,289 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: 34/44/22 Blend
60$2,180,000$2,180,000$2,180,000$2,180,000
61$2,405,810$2,290,270$2,256,480$2,471,343
62$2,596,632$2,347,923$2,277,501$2,577,920
63$2,805,198$2,406,681$2,297,508$2,687,844
64$3,033,265$2,466,545$2,316,411$2,805,338
65$3,282,766$2,527,513$2,334,118$2,931,104
66$3,555,829$2,589,583$2,350,533$3,065,916
67$3,854,799$2,652,747$2,365,551$3,210,627
68$4,182,257$2,717,000$2,379,064$3,366,175
69$4,541,044$2,782,330$2,390,960$3,533,596
70$4,934,292$2,848,726$2,401,119$3,714,029
71$5,365,448$2,916,171$2,409,415$3,908,732
72$5,838,310$2,984,650$2,415,716$4,119,088
73$6,357,059$3,054,140$2,419,884$4,346,623
74$6,926,303$3,124,616$2,421,775$4,593,021
75$7,551,116$3,196,053$2,421,234$4,860,133
76$8,237,087$3,268,417$2,418,103$5,150,005
77$8,990,374$3,341,673$2,412,213$5,464,888
78$9,817,759$3,415,781$2,403,388$5,807,266
79$10,726,713$3,490,697$2,391,445$6,179,875
80$11,725,468$3,566,372$2,376,189$6,585,734
81$12,823,093$3,642,751$2,357,418$7,028,168
82$14,029,576$3,719,773$2,334,919$7,510,845
83$15,355,924$3,797,374$2,308,470$8,037,808
84$16,814,263$3,875,479$2,277,838$8,613,514
85$18,417,951$3,954,011$2,242,779$9,242,876
86$20,181,707$4,032,883$2,203,038$9,931,311
87$22,121,748$4,112,001$2,158,346$10,684,792
88$24,255,940$4,191,263$2,108,425$11,509,903
89$26,603,970$4,270,560$2,052,981$12,413,901
90$29,187,528$4,349,770$1,991,709$13,404,790
91$32,030,512$4,428,765$1,924,288$14,491,391
92$35,159,255$4,507,405$1,850,382$15,683,431
93$38,602,771$4,585,540$1,769,642$16,991,631
94$42,393,030$4,663,007$1,681,701$18,427,812
95$46,565,258$4,739,633$1,586,177$20,005,005
96$51,158,269$4,815,230$1,482,668$21,737,577
97$56,214,833$4,889,597$1,370,759$23,641,364
98$61,782,077$4,962,518$1,250,010$25,733,825
99$67,911,930$5,033,763$1,119,966$28,034,208
100$74,661,612$5,103,082$980,150$30,563,729