Can I retire at age 61 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$200,667$198,880$197,136$195,434$193,772$187,120
2 years$99,340$97,490$95,697$93,958$92,272$85,638
3 years$65,569$63,711$61,922$60,200$58,541$52,134
4 years$48,687$46,834$45,064$43,371$41,752$35,620
5 years$38,560$36,719$34,971$33,313$31,739$25,899
6 years$31,811$29,983$28,262$26,641$25,114$19,570
7 years$26,992$25,180$23,486$21,903$20,425$15,175
8 years$23,380$21,584$19,918$18,374$16,944$11,986
9 years$20,571$18,793$17,155$15,650$14,269$9,596
10 years$18,326$16,565$14,956$13,491$12,158$7,762
11 years$16,490$14,747$13,167$11,741$10,457$6,329
12 years$14,962$13,236$11,686$10,298$9,061$5,192
13 years$13,669$11,961$10,440$9,092$7,902$4,282
14 years$12,562$10,873$9,381$8,071$6,927$3,545
15 years$11,604$9,932$8,469$7,198$6,099$2,944
16 years$10,766$9,113$7,679$6,445$5,390$2,452
17 years$10,027$8,392$6,987$5,791$4,779$2,047
18 years$9,372$7,755$6,379$5,218$4,249$1,711
19 years$8,786$7,187$5,839$4,715$3,788$1,433
20 years$8,259$6,679$5,359$4,271$3,383$1,202
21 years$7,783$6,221$4,929$3,876$3,028$1,009
22 years$7,351$5,807$4,543$3,524$2,714$847
23 years$6,957$5,431$4,195$3,209$2,436$712
24 years$6,596$5,089$3,879$2,927$2,190$599
25 years$6,265$4,775$3,593$2,673$1,970$504
26 years$5,960$4,488$3,332$2,444$1,775$425
27 years$5,677$4,224$3,094$2,237$1,600$358
28 years$5,416$3,980$2,877$2,050$1,444$301
29 years$5,173$3,755$2,677$1,880$1,304$254
30 years$4,946$3,546$2,494$1,725$1,178$214
31 years$4,735$3,352$2,325$1,584$1,065$180
32 years$4,537$3,172$2,169$1,456$963$152
33 years$4,352$3,004$2,025$1,339$872$128
34 years$4,178$2,847$1,892$1,232$789$108
35 years$4,014$2,700$1,769$1,134$715$91
36 years$3,859$2,563$1,655$1,045$648$77
37 years$3,714$2,434$1,549$962$587$65
38 years$3,576$2,313$1,451$887$532$55
39 years$3,446$2,200$1,359$818$483$46
40 years$3,322$2,093$1,274$754$438$39
41 years$3,205$1,992$1,194$696$397$33
42 years$3,094$1,897$1,120$642$360$28
43 years$2,988$1,808$1,051$593$327$23
44 years$2,887$1,723$987$548$297$20
45 years$2,791$1,643$927$506$270$17
46 years$2,700$1,568$870$467$245$14
47 years$2,612$1,496$818$432$222$12
48 years$2,529$1,428$768$399$202$10
49 years$2,449$1,364$722$369$183$8
50 years$2,373$1,303$679$341$166$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,430,000, adding $4,407 every year, while hoping to spend $55,086 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: 26/44/30 Blend
60$2,430,000$2,430,000$2,430,000$2,430,000
61$2,682,406$2,553,616$2,515,951$2,727,016
62$2,897,400$2,620,132$2,541,624$2,830,949
63$3,132,478$2,688,061$2,566,311$2,937,418
64$3,389,629$2,757,414$2,589,921$3,050,539
65$3,671,045$2,828,201$2,612,357$3,170,913
66$3,979,139$2,900,431$2,633,519$3,299,205
67$4,316,568$2,974,110$2,653,299$3,436,147
68$4,686,260$3,049,243$2,671,586$3,582,545
69$5,091,436$3,125,833$2,688,262$3,739,287
70$5,535,646$3,203,883$2,703,203$3,907,352
71$6,022,800$3,283,391$2,716,277$4,087,820
72$6,557,203$3,364,354$2,727,350$4,281,882
73$7,143,597$3,446,766$2,736,275$4,490,847
74$7,787,206$3,530,621$2,742,903$4,716,164
75$8,493,785$3,615,905$2,747,074$4,959,425
76$9,269,672$3,702,605$2,748,622$5,222,390
77$10,121,849$3,790,703$2,747,371$5,506,997
78$11,058,008$3,880,178$2,743,139$5,815,382
79$12,086,623$3,971,005$2,735,733$6,149,903
80$13,217,029$4,063,155$2,724,950$6,513,158
81$14,459,510$4,156,593$2,710,579$6,908,013
82$15,825,396$4,251,282$2,692,399$7,337,628
83$17,327,169$4,347,177$2,670,177$7,805,487
84$18,978,581$4,444,231$2,643,670$8,315,433
85$20,794,785$4,542,387$2,612,622$8,871,702
86$22,792,474$4,641,585$2,576,765$9,478,968
87$24,990,041$4,741,757$2,535,822$10,142,381
88$27,407,751$4,842,828$2,489,497$10,867,624
89$30,067,932$4,944,718$2,437,486$11,660,962
90$32,995,186$5,047,334$2,379,467$12,529,301
91$36,216,621$5,150,579$2,315,104$13,480,261
92$39,762,103$5,254,344$2,244,047$14,522,239
93$43,664,544$5,358,513$2,165,929$15,664,497
94$47,960,204$5,462,957$2,080,364$16,917,249
95$52,689,041$5,567,538$1,986,953$18,291,753
96$57,895,081$5,672,105$1,885,274$19,800,425
97$63,626,838$5,776,497$1,774,889$21,456,954
98$69,937,768$5,880,538$1,655,340$23,276,434
99$76,886,774$5,984,038$1,526,148$25,275,506
100$84,538,762$6,086,792$1,386,810$27,472,518