Can I retire at age 61 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$202,319$200,517$198,758$197,042$195,366$193,487
2 years$100,158$98,292$96,485$94,732$93,032$91,139
3 years$66,109$64,235$62,432$60,696$59,023$57,175
4 years$49,087$47,220$45,434$43,728$42,096$40,307
5 years$38,877$37,021$35,259$33,587$32,001$30,276
6 years$32,073$30,230$28,495$26,860$25,321$23,663
7 years$27,214$25,387$23,679$22,083$20,593$19,002
8 years$23,572$21,762$20,082$18,525$17,084$15,560
9 years$20,741$18,947$17,296$15,779$14,387$12,930
10 years$18,477$16,701$15,079$13,602$12,258$10,867
11 years$16,626$14,868$13,276$11,838$10,543$9,216
12 years$15,085$13,345$11,782$10,383$9,136$7,872
13 years$13,782$12,060$10,526$9,167$7,967$6,765
14 years$12,666$10,962$9,458$8,137$6,984$5,842
15 years$11,699$10,014$8,539$7,257$6,149$5,066
16 years$10,854$9,188$7,742$6,498$5,434$4,408
17 years$10,110$8,462$7,045$5,838$4,819$3,848
18 years$9,449$7,819$6,431$5,261$4,284$3,367
19 years$8,858$7,246$5,887$4,754$3,819$2,952
20 years$8,327$6,734$5,403$4,306$3,411$2,593
21 years$7,847$6,272$4,970$3,908$3,052$2,282
22 years$7,411$5,855$4,580$3,553$2,736$2,011
23 years$7,014$5,476$4,229$3,236$2,456$1,774
24 years$6,650$5,131$3,911$2,951$2,208$1,567
25 years$6,316$4,815$3,623$2,695$1,987$1,386
26 years$6,009$4,525$3,360$2,464$1,789$1,226
27 years$5,724$4,259$3,120$2,256$1,613$1,086
28 years$5,461$4,013$2,900$2,067$1,456$962
29 years$5,215$3,786$2,699$1,895$1,314$853
30 years$4,987$3,575$2,514$1,739$1,188$756
31 years$4,774$3,380$2,344$1,597$1,074$671
32 years$4,575$3,198$2,187$1,468$971$596
33 years$4,388$3,029$2,042$1,350$879$529
34 years$4,212$2,870$1,908$1,242$796$470
35 years$4,047$2,722$1,784$1,143$721$418
36 years$3,891$2,584$1,669$1,053$653$371
37 years$3,744$2,454$1,562$970$592$330
38 years$3,605$2,332$1,462$894$537$293
39 years$3,474$2,218$1,370$825$487$261
40 years$3,350$2,110$1,284$761$441$232
41 years$3,231$2,009$1,204$702$400$206
42 years$3,119$1,913$1,130$648$363$184
43 years$3,013$1,823$1,060$598$330$163
44 years$2,911$1,737$995$552$299$145
45 years$2,814$1,657$934$510$272$129
46 years$2,722$1,580$877$471$247$115
47 years$2,634$1,508$824$435$224$102
48 years$2,550$1,440$775$402$203$91
49 years$2,469$1,375$728$372$185$81
50 years$2,392$1,313$685$343$168$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,450,000, adding $5,083 every year, while hoping to spend $25,247 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: 58/23/19 Blend
60$2,450,000$2,450,000$2,450,000$2,450,000
61$2,705,143$2,575,293$2,537,318$2,848,198
62$2,954,205$2,674,620$2,595,456$3,045,235
63$3,227,825$2,777,967$2,654,695$3,256,754
64$3,528,482$2,885,506$2,715,045$3,486,785
65$3,858,905$2,997,414$2,776,517$3,737,119
66$4,222,103$3,113,877$2,839,120$4,009,723
67$4,621,389$3,235,088$2,902,862$4,306,766
68$5,060,414$3,361,251$2,967,751$4,630,630
69$5,543,200$3,492,576$3,033,795$4,983,940
70$6,074,179$3,629,285$3,101,000$5,369,582
71$6,658,234$3,771,609$3,169,372$5,790,733
72$7,300,743$3,919,787$3,238,915$6,250,893
73$8,007,635$4,074,072$3,309,635$6,753,909
74$8,785,439$4,234,728$3,381,533$7,304,022
75$9,641,352$4,402,027$3,454,613$7,905,896
76$10,583,301$4,576,258$3,528,874$8,564,669
77$11,620,024$4,757,720$3,604,316$9,285,996
78$12,761,144$4,946,726$3,680,939$10,076,105
79$14,017,269$5,143,604$3,758,738$10,941,854
80$15,400,084$5,348,695$3,837,711$11,890,795
81$16,922,469$5,562,357$3,917,850$12,931,242
82$18,598,611$5,784,963$3,999,148$14,072,355
83$20,444,146$6,016,903$4,081,596$15,324,218
84$22,476,303$6,258,585$4,165,184$16,697,940
85$24,714,065$6,510,435$4,249,897$18,205,756
86$27,178,353$6,772,900$4,335,722$19,861,140
87$29,892,217$7,046,443$4,422,640$21,678,936
88$32,881,057$7,331,553$4,510,633$23,675,491
89$36,172,864$7,628,739$4,599,678$25,868,816
90$39,798,481$7,938,531$4,689,752$28,278,746
91$43,791,894$8,261,487$4,780,826$30,927,134
92$48,190,555$8,598,188$4,872,871$33,838,052
93$53,035,733$8,949,241$4,965,855$37,038,018
94$58,372,907$9,315,283$5,059,740$40,556,247
95$64,252,190$9,696,978$5,154,488$44,424,921
96$70,728,805$10,095,022$5,250,055$48,679,497
97$77,863,606$10,510,140$5,346,394$53,359,036
98$85,723,651$10,943,094$5,443,455$58,506,573
99$94,382,836$11,394,679$5,541,184$64,169,521
100$103,922,592$11,865,725$5,639,521$70,400,116