Can I retire at age 61 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$189,106$187,422$185,778$184,174$182,608$177,689
2 years$93,617$91,873$90,184$88,545$86,956$82,036
3 years$61,791$60,040$58,355$56,732$55,169$50,400
4 years$45,882$44,136$42,467$40,872$39,347$34,767
5 years$36,338$34,603$32,956$31,394$29,911$25,533
6 years$29,978$28,256$26,634$25,106$23,667$19,495
7 years$25,437$23,729$22,133$20,641$19,248$15,282
8 years$22,033$20,340$18,770$17,315$15,968$12,206
9 years$19,386$17,710$16,167$14,749$13,447$9,886
10 years$17,270$15,611$14,095$12,713$11,458$8,092
11 years$15,540$13,897$12,409$11,065$9,854$6,679
12 years$14,100$12,473$11,012$9,705$8,539$5,550
13 years$12,882$11,272$9,839$8,568$7,446$4,635
14 years$11,838$10,246$8,840$7,606$6,528$3,888
15 years$10,935$9,360$7,982$6,783$5,747$3,273
16 years$10,146$8,588$7,236$6,073$5,080$2,764
17 years$9,450$7,909$6,585$5,457$4,504$2,339
18 years$8,832$7,308$6,011$4,918$4,005$1,984
19 years$8,279$6,773$5,503$4,444$3,569$1,685
20 years$7,783$6,294$5,050$4,025$3,188$1,434
21 years$7,334$5,863$4,645$3,653$2,853$1,221
22 years$6,927$5,472$4,281$3,321$2,557$1,041
23 years$6,556$5,118$3,953$3,025$2,296$888
24 years$6,216$4,796$3,656$2,759$2,063$759
25 years$5,904$4,500$3,386$2,519$1,857$648
26 years$5,616$4,230$3,140$2,303$1,673$554
27 years$5,350$3,981$2,916$2,108$1,508$474
28 years$5,104$3,751$2,711$1,932$1,361$406
29 years$4,875$3,539$2,523$1,771$1,229$347
30 years$4,661$3,342$2,350$1,626$1,110$297
31 years$4,462$3,159$2,191$1,493$1,004$255
32 years$4,276$2,989$2,044$1,372$908$218
33 years$4,101$2,831$1,908$1,262$822$187
34 years$3,937$2,683$1,783$1,161$744$160
35 years$3,783$2,545$1,667$1,069$674$137
36 years$3,637$2,415$1,560$984$610$118
37 years$3,500$2,294$1,460$907$553$101
38 years$3,370$2,180$1,367$836$502$86
39 years$3,247$2,073$1,281$771$455$74
40 years$3,131$1,972$1,200$711$413$63
41 years$3,020$1,877$1,126$656$374$54
42 years$2,916$1,788$1,056$605$340$47
43 years$2,816$1,704$991$559$308$40
44 years$2,721$1,624$930$516$280$34
45 years$2,630$1,549$873$477$254$29
46 years$2,544$1,477$820$440$231$25
47 years$2,462$1,410$771$407$209$22
48 years$2,383$1,346$724$376$190$19
49 years$2,308$1,285$681$347$173$16
50 years$2,236$1,228$640$321$157$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,290,000, adding $6,882 every year, while hoping to spend $30,298 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: 51/31/18 Blend
60$2,290,000$2,290,000$2,290,000$2,290,000
61$2,530,679$2,409,309$2,373,814$2,646,856
62$2,756,571$2,495,128$2,421,100$2,813,397
63$3,004,489$2,584,137$2,468,954$2,990,653
64$3,276,647$2,676,460$2,517,364$3,182,717
65$3,575,485$2,772,226$2,566,316$3,390,997
66$3,903,690$2,871,571$2,615,793$3,617,047
67$4,264,222$2,974,634$2,665,778$3,862,571
68$4,660,343$3,081,561$2,716,251$4,129,447
69$5,095,644$3,192,504$2,767,192$4,419,739
70$5,574,085$3,307,622$2,818,579$4,735,719
71$6,100,026$3,427,079$2,870,385$5,079,887
72$6,678,270$3,551,047$2,922,584$5,454,994
73$7,314,110$3,679,705$2,975,147$5,864,067
74$8,013,377$3,813,239$3,028,043$6,310,438
75$8,782,497$3,951,842$3,081,237$6,797,775
76$9,628,547$4,095,718$3,134,694$7,330,114
77$10,559,326$4,245,076$3,188,374$7,911,901
78$11,583,428$4,400,135$3,242,235$8,548,029
79$12,710,321$4,561,125$3,296,233$9,243,885
80$13,950,436$4,728,282$3,350,319$10,005,400
81$15,315,268$4,901,856$3,404,442$10,839,106
82$16,817,482$5,082,104$3,458,548$11,752,195
83$18,471,035$5,269,296$3,512,579$12,752,587
84$20,291,301$5,463,713$3,566,471$13,849,004
85$22,295,226$5,665,647$3,620,160$15,051,052
86$24,501,480$5,875,404$3,673,576$16,369,309
87$26,930,633$6,093,301$3,726,643$17,815,429
88$29,605,355$6,319,670$3,779,283$19,402,243
89$32,550,624$6,554,857$3,831,412$21,143,888
90$35,793,965$6,799,222$3,882,941$23,055,933
91$39,365,706$7,053,141$3,933,777$25,155,530
92$43,299,269$7,317,006$3,983,820$27,461,569
93$47,631,481$7,591,225$4,032,964$29,994,863
94$52,402,923$7,876,226$4,081,098$32,778,337
95$57,658,311$8,172,452$4,128,106$35,837,246
96$63,446,924$8,480,367$4,173,862$39,199,412
97$69,823,060$8,800,455$4,218,237$42,895,486
98$76,846,556$9,133,220$4,261,091$46,959,235
99$84,583,347$9,479,190$4,302,280$51,427,862
100$93,106,091$9,838,914$4,341,649$56,342,351