Can I retire at age 61 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$181,674$180,056$178,477$176,936$175,431$172,383
2 years$89,938$88,263$86,639$85,065$83,539$80,478
3 years$59,363$57,681$56,061$54,502$53,000$50,022
4 years$44,078$42,401$40,798$39,266$37,800$34,927
5 years$34,910$33,243$31,661$30,160$28,735$25,976
6 years$28,800$27,146$25,587$24,119$22,737$20,094
7 years$24,437$22,797$21,263$19,830$18,491$15,966
8 years$21,167$19,541$18,033$16,635$15,340$12,932
9 years$18,624$17,014$15,531$14,169$12,919$10,626
10 years$16,592$14,997$13,541$12,214$11,007$8,828
11 years$14,930$13,351$11,921$10,630$9,467$7,399
12 years$13,546$11,983$10,580$9,324$8,204$6,244
13 years$12,375$10,829$9,452$8,231$7,154$5,299
14 years$11,373$9,843$8,493$7,307$6,271$4,519
15 years$10,505$8,992$7,668$6,516$5,521$3,868
16 years$9,747$8,250$6,952$5,835$4,880$3,322
17 years$9,078$7,598$6,326$5,243$4,327$2,861
18 years$8,485$7,021$5,775$4,725$3,847$2,469
19 years$7,954$6,507$5,287$4,269$3,429$2,135
20 years$7,477$6,047$4,852$3,866$3,063$1,850
21 years$7,046$5,632$4,463$3,509$2,741$1,605
22 years$6,655$5,257$4,113$3,191$2,457$1,394
23 years$6,298$4,917$3,798$2,906$2,205$1,212
24 years$5,972$4,607$3,512$2,650$1,982$1,055
25 years$5,672$4,323$3,253$2,420$1,784$919
26 years$5,396$4,063$3,017$2,213$1,607$801
27 years$5,140$3,824$2,802$2,026$1,449$698
28 years$4,903$3,603$2,604$1,856$1,307$609
29 years$4,683$3,399$2,424$1,702$1,180$532
30 years$4,478$3,210$2,258$1,562$1,066$464
31 years$4,287$3,035$2,105$1,434$964$406
32 years$4,108$2,872$1,964$1,318$872$355
33 years$3,940$2,719$1,833$1,212$789$310
34 years$3,782$2,577$1,713$1,115$715$271
35 years$3,634$2,445$1,602$1,027$647$237
36 years$3,494$2,320$1,498$946$586$207
37 years$3,362$2,204$1,402$871$532$181
38 years$3,238$2,094$1,313$803$482$159
39 years$3,120$1,992$1,230$740$437$139
40 years$3,008$1,895$1,153$683$396$121
41 years$2,902$1,804$1,081$630$360$106
42 years$2,801$1,718$1,014$582$326$93
43 years$2,705$1,637$952$537$296$81
44 years$2,614$1,560$893$496$269$71
45 years$2,527$1,488$839$458$244$62
46 years$2,444$1,419$788$423$222$55
47 years$2,365$1,354$740$391$201$48
48 years$2,289$1,293$696$361$183$42
49 years$2,217$1,235$654$334$166$37
50 years$2,148$1,179$615$308$151$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,200,000, adding $4,733 every year, while hoping to spend $36,204 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: 55/35/10 Blend
60$2,200,000$2,200,000$2,200,000$2,200,000
61$2,429,282$2,312,682$2,278,582$2,556,607
62$2,638,548$2,387,483$2,316,394$2,718,138
63$2,867,946$2,464,735$2,354,259$2,889,546
64$3,119,490$2,544,521$2,392,141$3,075,311
65$3,395,402$2,626,926$2,430,001$3,276,808
66$3,698,124$2,712,037$2,467,797$3,495,545
67$4,030,350$2,799,944$2,505,486$3,733,183
68$4,395,047$2,890,743$2,543,021$3,991,549
69$4,795,481$2,984,528$2,580,351$4,272,656
70$5,235,252$3,081,402$2,617,424$4,578,715
71$5,718,324$3,181,467$2,654,185$4,912,162
72$6,249,065$3,284,831$2,690,572$5,275,679
73$6,832,288$3,391,606$2,726,524$5,672,214
74$7,473,292$3,501,905$2,761,974$6,105,018
75$8,177,919$3,615,849$2,796,850$6,577,666
76$8,952,601$3,733,561$2,831,080$7,094,095
77$9,804,428$3,855,167$2,864,582$7,658,641
78$10,741,209$3,980,799$2,897,275$8,276,077
79$11,771,548$4,110,594$2,929,070$8,951,659
80$12,904,926$4,244,694$2,959,874$9,691,175
81$14,151,789$4,383,244$2,989,590$10,501,000
82$15,523,644$4,526,395$3,018,114$11,388,155
83$17,033,172$4,674,305$3,045,337$12,360,372
84$18,694,344$4,827,135$3,071,144$13,426,165
85$20,522,556$4,985,053$3,095,416$14,594,916
86$22,534,768$5,148,232$3,118,024$15,876,956
87$24,749,672$5,316,853$3,138,836$17,283,665
88$27,187,862$5,491,102$3,157,710$18,827,579
89$29,872,029$5,671,171$3,174,499$20,522,509
90$32,827,178$5,857,261$3,189,046$22,383,666
91$36,080,860$6,049,577$3,201,190$24,427,808
92$39,663,436$6,248,334$3,210,757$26,673,398
93$43,608,357$6,453,753$3,217,568$29,140,774
94$47,952,487$6,666,064$3,221,434$31,852,343
95$52,736,444$6,885,505$3,222,156$34,832,793
96$58,004,989$7,112,322$3,219,525$38,109,320
97$63,807,441$7,346,770$3,213,323$41,711,890
98$70,198,152$7,589,113$3,203,321$45,673,518
99$77,237,009$7,839,624$3,189,277$50,030,577
100$84,990,006$8,098,589$3,170,941$54,823,145