Can I retire at age 61 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$208,925$207,064$205,248$203,476$201,746$199,972
2 years$103,428$101,502$99,635$97,825$96,069$94,282
3 years$68,267$66,333$64,471$62,677$60,950$59,205
4 years$50,690$48,762$46,918$45,156$43,470$41,780
5 years$40,147$38,230$36,410$34,684$33,045$31,415
6 years$33,120$31,217$29,425$27,737$26,148$24,580
7 years$28,103$26,216$24,452$22,804$21,265$19,760
8 years$24,342$22,472$20,737$19,130$17,641$16,199
9 years$21,418$19,566$17,861$16,294$14,857$13,477
10 years$19,080$17,247$15,572$14,046$12,659$11,340
11 years$17,169$15,354$13,709$12,224$10,887$9,629
12 years$15,577$13,781$12,167$10,722$9,434$8,236
13 years$14,232$12,454$10,870$9,466$8,227$7,087
14 years$13,079$11,320$9,767$8,403$7,212$6,128
15 years$12,081$10,341$8,818$7,494$6,350$5,321
16 years$11,209$9,488$7,995$6,710$5,612$4,637
17 years$10,440$8,738$7,275$6,029$4,976$4,052
18 years$9,757$8,074$6,641$5,433$4,424$3,551
19 years$9,147$7,483$6,080$4,909$3,943$3,118
20 years$8,599$6,954$5,580$4,446$3,522$2,743
21 years$8,103$6,477$5,132$4,035$3,152$2,418
22 years$7,653$6,046$4,730$3,669$2,825$2,134
23 years$7,243$5,655$4,367$3,342$2,536$1,885
24 years$6,868$5,298$4,039$3,048$2,280$1,668
25 years$6,523$4,972$3,741$2,783$2,051$1,477
26 years$6,205$4,673$3,470$2,545$1,848$1,309
27 years$5,911$4,398$3,222$2,329$1,666$1,161
28 years$5,639$4,144$2,995$2,134$1,503$1,030
29 years$5,386$3,909$2,787$1,957$1,357$915
30 years$5,150$3,692$2,596$1,796$1,226$813
31 years$4,930$3,490$2,420$1,650$1,109$722
32 years$4,724$3,302$2,258$1,516$1,003$642
33 years$4,531$3,127$2,109$1,394$908$571
34 years$4,350$2,964$1,970$1,283$822$508
35 years$4,179$2,811$1,842$1,181$744$452
36 years$4,018$2,668$1,723$1,088$674$403
37 years$3,867$2,534$1,613$1,002$611$359
38 years$3,723$2,409$1,510$924$554$319
39 years$3,587$2,290$1,415$852$503$285
40 years$3,459$2,179$1,326$785$456$254
41 years$3,337$2,074$1,244$725$414$226
42 years$3,221$1,975$1,167$669$375$201
43 years$3,111$1,882$1,095$617$341$179
44 years$3,006$1,794$1,027$570$309$160
45 years$2,906$1,711$965$526$281$143
46 years$2,811$1,632$906$486$255$127
47 years$2,720$1,558$851$449$231$113
48 years$2,633$1,487$800$415$210$101
49 years$2,550$1,420$752$384$191$90
50 years$2,470$1,356$707$355$173$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,530,000, adding $3,777 every year, while hoping to spend $58,197 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: 40/42/18 Blend
60$2,530,000$2,530,000$2,530,000$2,530,000
61$2,791,956$2,657,866$2,618,651$2,888,582
62$3,014,814$2,726,180$2,644,455$3,026,153
63$3,258,454$2,795,891$2,669,172$3,168,992
64$3,524,932$2,867,006$2,692,706$3,322,301
65$3,816,516$2,939,531$2,714,952$3,487,063
66$4,135,702$3,013,468$2,735,804$3,664,358
67$4,485,235$3,088,820$2,755,145$3,855,378
68$4,868,144$3,165,587$2,772,857$4,061,434
69$5,287,759$3,243,766$2,788,813$4,283,972
70$5,747,753$3,323,352$2,802,880$4,524,581
71$6,252,165$3,404,338$2,814,918$4,785,015
72$6,805,449$3,486,714$2,824,781$5,067,204
73$7,412,509$3,570,466$2,832,315$5,373,276
74$8,078,744$3,655,579$2,837,357$5,705,575
75$8,810,106$3,742,032$2,839,739$6,066,683
76$9,613,148$3,829,803$2,839,281$6,459,445
77$10,495,089$3,918,863$2,835,797$6,886,998
78$11,463,882$4,009,181$2,829,090$7,352,796
79$12,528,288$4,100,722$2,818,955$7,860,647
80$13,697,959$4,193,442$2,805,175$8,414,749
81$14,983,528$4,287,298$2,787,525$9,019,725
82$16,396,708$4,382,236$2,765,768$9,680,672
83$17,950,406$4,478,200$2,739,655$10,403,208
84$19,658,840$4,575,124$2,708,926$11,193,525
85$21,537,676$4,672,939$2,673,309$12,058,445
86$23,604,172$4,771,566$2,632,518$13,005,489
87$25,877,345$4,870,920$2,586,254$14,042,948
88$28,378,146$4,970,907$2,534,206$15,179,956
89$31,129,660$5,071,424$2,476,045$16,426,584
90$34,157,322$5,172,361$2,411,429$17,793,932
91$37,489,158$5,273,596$2,340,001$19,294,232
92$41,156,046$5,374,996$2,261,385$20,940,970
93$45,192,011$5,476,419$2,175,190$22,749,007
94$49,634,543$5,577,711$2,081,006$24,734,725
95$54,524,951$5,678,703$1,978,404$26,916,180
96$59,908,753$5,779,216$1,866,938$29,313,273
97$65,836,104$5,879,056$1,746,138$31,947,942
98$72,362,269$5,978,012$1,615,516$34,844,364
99$79,548,146$6,075,860$1,474,561$38,029,188
100$87,460,837$6,172,358$1,322,740$41,531,788