Can I retire at age 61 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$192,409$190,695$189,023$187,391$185,797$183,476
2 years$95,252$93,478$91,759$90,092$88,475$86,139
3 years$62,871$61,089$59,374$57,723$56,132$53,854
4 years$46,683$44,907$43,209$41,586$40,034$37,832
5 years$36,973$35,208$33,532$31,942$30,433$28,313
6 years$30,502$28,750$27,099$25,544$24,081$22,045
7 years$25,881$24,144$22,519$21,001$19,584$17,634
8 years$22,418$20,696$19,098$17,618$16,247$14,382
9 years$19,725$18,019$16,449$15,006$13,682$11,902
10 years$17,572$15,883$14,341$12,936$11,658$9,961
11 years$15,812$14,140$12,625$11,258$10,026$8,411
12 years$14,346$12,691$11,205$9,875$8,689$7,153
13 years$13,107$11,469$10,011$8,718$7,577$6,119
14 years$12,045$10,425$8,995$7,739$6,642$5,260
15 years$11,126$9,524$8,121$6,902$5,848$4,540
16 years$10,323$8,738$7,363$6,180$5,168$3,931
17 years$9,615$8,047$6,700$5,552$4,583$3,414
18 years$8,986$7,436$6,116$5,004$4,075$2,972
19 years$8,424$6,891$5,599$4,521$3,632$2,593
20 years$7,919$6,404$5,139$4,095$3,244$2,267
21 years$7,463$5,965$4,726$3,716$2,903$1,984
22 years$7,048$5,568$4,356$3,379$2,602$1,739
23 years$6,670$5,208$4,022$3,077$2,336$1,526
24 years$6,325$4,879$3,720$2,807$2,099$1,341
25 years$6,007$4,579$3,445$2,563$1,889$1,179
26 years$5,714$4,303$3,195$2,344$1,702$1,037
27 years$5,444$4,050$2,967$2,145$1,534$914
28 years$5,193$3,816$2,758$1,966$1,384$805
29 years$4,960$3,600$2,567$1,802$1,250$710
30 years$4,743$3,400$2,391$1,654$1,130$626
31 years$4,540$3,214$2,229$1,519$1,021$552
32 years$4,350$3,041$2,080$1,396$924$487
33 years$4,173$2,880$1,942$1,284$836$430
34 years$4,006$2,730$1,814$1,181$757$380
35 years$3,849$2,589$1,696$1,087$686$336
36 years$3,701$2,457$1,587$1,002$621$297
37 years$3,561$2,334$1,485$923$563$262
38 years$3,429$2,218$1,391$851$510$232
39 years$3,304$2,109$1,303$784$463$205
40 years$3,185$2,007$1,221$723$420$181
41 years$3,073$1,910$1,145$667$381$160
42 years$2,966$1,819$1,074$616$346$142
43 years$2,865$1,733$1,008$569$314$125
44 years$2,768$1,652$946$525$285$111
45 years$2,676$1,576$889$485$258$98
46 years$2,589$1,503$835$448$235$87
47 years$2,505$1,434$784$414$213$77
48 years$2,425$1,369$737$382$194$68
49 years$2,348$1,308$692$353$176$60
50 years$2,275$1,249$651$327$160$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,330,000, adding $4,858 every year, while hoping to spend $48,380 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: 68/20/12 Blend
60$2,330,000$2,330,000$2,330,000$2,330,000
61$2,572,671$2,449,181$2,413,066$2,740,547
62$2,783,608$2,517,715$2,442,428$2,921,332
63$3,014,438$2,587,986$2,471,152$3,112,748
64$3,267,141$2,660,027$2,499,165$3,320,840
65$3,543,894$2,733,873$2,526,392$3,547,241
66$3,847,096$2,809,558$2,552,751$3,793,745
67$4,179,389$2,887,116$2,578,158$4,062,327
68$4,543,683$2,966,580$2,602,522$4,355,165
69$4,943,182$3,047,986$2,625,750$4,674,655
70$5,381,414$3,131,365$2,647,740$5,023,437
71$5,862,269$3,216,752$2,668,390$5,404,418
72$6,390,027$3,304,179$2,687,587$5,820,801
73$6,969,405$3,393,680$2,705,217$6,276,111
74$7,605,599$3,485,285$2,721,157$6,774,235
75$8,304,332$3,579,026$2,735,277$7,319,451
76$9,071,909$3,674,933$2,747,445$7,916,475
77$9,915,277$3,773,038$2,757,516$8,570,500
78$10,842,085$3,873,367$2,765,343$9,287,248
79$11,860,765$3,975,949$2,770,769$10,073,022
80$12,980,603$4,080,810$2,773,630$10,934,767
81$14,211,830$4,187,976$2,773,753$11,880,134
82$15,565,720$4,297,469$2,770,956$12,917,553
83$17,054,691$4,409,313$2,765,051$14,056,311
84$18,692,427$4,523,528$2,755,838$15,306,644
85$20,494,005$4,640,130$2,743,109$16,679,825
86$22,476,034$4,759,137$2,726,644$18,188,280
87$24,656,817$4,880,563$2,706,214$19,845,696
88$27,056,519$5,004,417$2,681,579$21,667,159
89$29,697,359$5,130,708$2,652,486$23,669,289
90$32,603,818$5,259,442$2,618,673$25,870,400
91$35,802,872$5,390,619$2,579,864$28,290,672
92$39,324,244$5,524,238$2,535,768$30,952,343
93$43,200,684$5,660,293$2,486,083$33,879,917
94$47,468,280$5,798,774$2,430,493$37,100,394
95$52,166,797$5,939,665$2,368,667$40,643,530
96$57,340,049$6,082,948$2,300,257$44,542,111
97$63,036,320$6,228,598$2,224,900$48,832,266
98$69,308,808$6,376,583$2,142,219$53,553,811
99$76,216,138$6,526,868$2,051,815$58,750,617
100$83,822,908$6,679,408$1,953,274$64,471,033