Can I retire at age 61 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$199,016$197,243$195,513$193,825$192,177$184,479
2 years$98,523$96,688$94,909$93,185$91,513$83,854
3 years$65,029$63,186$61,413$59,705$58,059$50,681
4 years$48,286$46,449$44,693$43,014$41,408$34,366
5 years$38,243$36,416$34,683$33,039$31,478$24,790
6 years$31,549$29,737$28,029$26,421$24,908$18,578
7 years$26,770$24,973$23,292$21,722$20,256$14,283
8 years$23,187$21,406$19,754$18,222$16,805$11,181
9 years$20,402$18,638$17,014$15,521$14,152$8,870
10 years$18,175$16,429$14,833$13,380$12,058$7,107
11 years$16,355$14,625$13,059$11,644$10,370$5,738
12 years$14,839$13,127$11,589$10,214$8,987$4,661
13 years$13,557$11,863$10,354$9,017$7,837$3,804
14 years$12,459$10,783$9,303$8,004$6,870$3,116
15 years$11,508$9,851$8,400$7,138$6,049$2,561
16 years$10,677$9,038$7,616$6,392$5,346$2,110
17 years$9,945$8,323$6,930$5,743$4,740$1,742
18 years$9,294$7,691$6,326$5,176$4,214$1,440
19 years$8,713$7,128$5,791$4,677$3,756$1,192
20 years$8,191$6,624$5,315$4,236$3,355$988
21 years$7,719$6,170$4,889$3,844$3,003$820
22 years$7,290$5,759$4,506$3,495$2,691$681
23 years$6,899$5,387$4,160$3,183$2,416$565
24 years$6,542$5,047$3,848$2,903$2,172$470
25 years$6,213$4,736$3,564$2,651$1,954$391
26 years$5,911$4,451$3,305$2,424$1,760$325
27 years$5,631$4,189$3,069$2,219$1,587$271
28 years$5,371$3,947$2,853$2,033$1,432$225
29 years$5,130$3,724$2,655$1,864$1,293$187
30 years$4,906$3,517$2,473$1,711$1,168$156
31 years$4,696$3,325$2,306$1,571$1,056$130
32 years$4,500$3,146$2,151$1,444$955$108
33 years$4,316$2,979$2,008$1,328$865$90
34 years$4,143$2,823$1,877$1,222$783$75
35 years$3,981$2,678$1,755$1,125$709$63
36 years$3,828$2,542$1,641$1,036$642$52
37 years$3,683$2,414$1,536$954$582$43
38 years$3,547$2,294$1,439$880$528$36
39 years$3,417$2,182$1,348$811$479$30
40 years$3,295$2,076$1,263$748$434$25
41 years$3,179$1,976$1,185$690$394$21
42 years$3,068$1,882$1,111$637$357$17
43 years$2,963$1,793$1,043$588$324$15
44 years$2,863$1,709$979$543$294$12
45 years$2,768$1,630$919$501$267$10
46 years$2,677$1,555$863$463$243$8
47 years$2,591$1,484$811$428$220$7
48 years$2,508$1,416$762$395$200$6
49 years$2,429$1,353$716$365$182$5
50 years$2,353$1,292$673$338$165$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,410,000, adding $5,068 every year, while hoping to spend $36,719 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: 58/19/23 Blend
60$2,410,000$2,410,000$2,410,000$2,410,000
61$2,661,048$2,533,318$2,495,963$2,798,655
62$2,893,406$2,618,381$2,540,509$2,978,087
63$3,148,234$2,706,383$2,585,316$3,169,247
64$3,427,785$2,797,427$2,630,356$3,376,873
65$3,734,541$2,891,622$2,675,594$3,602,567
66$4,071,235$2,989,083$2,720,998$3,848,088
67$4,440,879$3,089,926$2,766,529$4,115,378
68$4,846,789$3,194,273$2,812,149$4,406,571
69$5,292,620$3,302,251$2,857,814$4,724,017
70$5,782,397$3,413,990$2,903,480$5,070,305
71$6,320,553$3,529,628$2,949,099$5,448,285
72$6,911,975$3,649,305$2,994,619$5,861,095
73$7,562,043$3,773,168$3,039,986$6,312,192
74$8,276,688$3,901,369$3,085,141$6,805,381
75$9,062,440$4,034,067$3,130,024$7,344,856
76$9,926,498$4,171,425$3,174,568$7,935,232
77$10,876,790$4,313,614$3,218,705$8,581,597
78$11,922,052$4,460,810$3,262,361$9,289,550
79$13,071,909$4,613,198$3,305,458$10,065,264
80$14,336,966$4,770,967$3,347,914$10,915,534
81$15,728,909$4,934,317$3,389,641$11,847,848
82$17,260,611$5,103,452$3,430,548$12,870,453
83$18,946,259$5,278,586$3,470,536$13,992,438
84$20,801,482$5,459,942$3,509,504$15,223,811
85$22,843,503$5,647,749$3,547,343$16,575,601
86$25,091,299$5,842,247$3,583,937$18,059,957
87$27,565,779$6,043,685$3,619,167$19,690,267
88$30,289,985$6,252,322$3,652,905$21,481,276
89$33,289,302$6,468,425$3,685,016$23,449,235
90$36,591,707$6,692,274$3,715,360$25,612,045
91$40,228,025$6,924,158$3,743,788$27,989,431
92$44,232,222$7,164,380$3,770,144$30,603,127
93$48,641,726$7,413,253$3,794,261$33,477,079
94$53,497,781$7,671,101$3,815,968$36,637,672
95$58,845,833$7,938,264$3,835,082$40,113,978
96$64,735,963$8,215,093$3,851,411$43,938,030
97$71,223,352$8,501,954$3,864,755$48,145,126
98$78,368,812$8,799,227$3,874,902$52,774,157
99$86,239,350$9,107,309$3,881,630$57,867,979
100$94,908,805$9,426,609$3,884,707$63,473,815