Can I retire at age 61 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$190,758$189,058$187,401$185,783$184,203$178,306
2 years$94,434$92,676$90,971$89,319$87,716$81,829
3 years$62,331$60,565$58,864$57,227$55,650$49,959
4 years$46,282$44,521$42,838$41,229$39,690$34,238
5 years$36,656$34,905$33,244$31,668$30,172$24,972
6 years$30,240$28,503$26,866$25,325$23,874$18,932
7 years$25,659$23,937$22,326$20,821$19,416$14,731
8 years$22,225$20,518$18,934$17,466$16,107$11,676
9 years$19,556$17,865$16,308$14,877$13,565$9,382
10 years$17,421$15,747$14,218$12,824$11,558$7,618
11 years$15,676$14,019$12,517$11,161$9,940$6,235
12 years$14,223$12,582$11,109$9,790$8,614$5,136
13 years$12,994$11,371$9,925$8,643$7,512$4,253
14 years$11,942$10,336$8,917$7,672$6,585$3,536
15 years$11,031$9,442$8,051$6,842$5,798$2,949
16 years$10,234$8,663$7,300$6,127$5,124$2,467
17 years$9,532$7,978$6,642$5,505$4,543$2,068
18 years$8,909$7,372$6,064$4,961$4,040$1,737
19 years$8,352$6,832$5,551$4,482$3,601$1,461
20 years$7,851$6,349$5,094$4,060$3,216$1,231
21 years$7,398$5,914$4,686$3,684$2,878$1,038
22 years$6,988$5,520$4,319$3,350$2,580$876
23 years$6,613$5,163$3,988$3,051$2,316$740
24 years$6,270$4,837$3,688$2,783$2,081$625
25 years$5,956$4,540$3,416$2,541$1,873$529
26 years$5,665$4,267$3,168$2,324$1,687$447
27 years$5,397$4,015$2,942$2,127$1,521$379
28 years$5,148$3,784$2,735$1,949$1,372$321
29 years$4,917$3,569$2,545$1,787$1,239$272
30 years$4,702$3,371$2,370$1,640$1,120$230
31 years$4,501$3,187$2,210$1,506$1,012$195
32 years$4,313$3,015$2,062$1,384$916$165
33 years$4,137$2,855$1,925$1,273$829$140
34 years$3,971$2,706$1,799$1,171$750$119
35 years$3,816$2,567$1,682$1,078$680$101
36 years$3,669$2,436$1,573$993$616$85
37 years$3,530$2,314$1,472$915$558$72
38 years$3,399$2,199$1,379$843$506$61
39 years$3,276$2,091$1,292$778$459$52
40 years$3,158$1,990$1,211$717$416$44
41 years$3,047$1,894$1,135$662$378$37
42 years$2,941$1,804$1,065$611$343$32
43 years$2,840$1,719$999$564$311$27
44 years$2,745$1,638$938$520$282$23
45 years$2,653$1,562$881$481$256$19
46 years$2,566$1,490$827$444$233$16
47 years$2,483$1,422$777$410$211$14
48 years$2,404$1,358$730$379$192$12
49 years$2,328$1,296$687$350$174$10
50 years$2,255$1,238$645$324$158$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,310,000, adding $3,410 every year, while hoping to spend $24,603 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: 70/13/17 Blend
60$2,310,000$2,310,000$2,310,000$2,310,000
61$2,549,137$2,426,707$2,390,902$2,717,111
62$2,782,972$2,519,439$2,444,820$2,922,088
63$3,039,833$2,615,889$2,499,720$3,143,098
64$3,322,044$2,716,215$2,555,608$3,384,367
65$3,632,162$2,820,580$2,612,491$3,647,892
66$3,973,008$2,929,153$2,670,374$3,935,872
67$4,347,686$3,042,113$2,729,263$4,250,727
68$4,759,619$3,159,646$2,789,162$4,595,125
69$5,212,575$3,281,944$2,850,075$4,971,998
70$5,710,709$3,409,210$2,912,003$5,384,580
71$6,258,596$3,541,655$2,974,950$5,836,428
72$6,861,276$3,679,501$3,038,914$6,331,464
73$7,524,306$3,822,976$3,103,898$6,874,002
74$8,253,805$3,972,321$3,169,898$7,468,796
75$9,056,517$4,127,789$3,236,913$8,121,083
76$9,939,871$4,289,640$3,304,939$8,836,629
77$10,912,054$4,458,148$3,373,971$9,621,785
78$11,982,087$4,633,601$3,444,002$10,483,549
79$13,159,909$4,816,296$3,515,025$11,429,626
80$14,456,472$5,006,547$3,587,031$12,468,507
81$15,883,843$5,204,679$3,660,007$13,609,542
82$17,455,319$5,411,032$3,733,942$14,863,033
83$19,185,553$5,625,964$3,808,820$16,240,329
84$21,090,688$5,849,846$3,884,625$17,753,932
85$23,188,517$6,083,066$3,961,338$19,417,616
86$25,498,641$6,326,032$4,038,938$21,246,553
87$28,042,662$6,579,167$4,117,402$23,257,461
88$30,844,382$6,842,915$4,196,704$25,468,759
89$33,930,032$7,117,740$4,276,816$27,900,736
90$37,328,512$7,404,127$4,357,707$30,575,749
91$41,071,672$7,702,581$4,439,342$33,518,430
92$45,194,608$8,013,633$4,521,685$36,755,917
93$49,735,993$8,337,835$4,604,696$40,318,112
94$54,738,441$8,675,767$4,688,331$44,237,959
95$60,248,916$9,028,032$4,772,543$48,551,758
96$66,319,163$9,395,264$4,857,281$53,299,507
97$73,006,209$9,778,124$4,942,492$58,525,273
98$80,372,893$10,177,302$5,028,115$64,277,616
99$88,488,459$10,593,521$5,114,089$70,610,039
100$97,429,216$11,027,537$5,200,344$77,581,497