Can I retire at age 61 with 2,560,000?

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 $2,560,000?

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$211,402$209,519$207,682$205,889$204,138$197,130
2 years$104,655$102,706$100,817$98,985$97,209$90,220
3 years$69,077$67,119$65,235$63,421$61,673$54,923
4 years$51,291$49,340$47,474$45,691$43,986$37,526
5 years$40,623$38,683$36,842$35,095$33,437$27,284
6 years$33,513$31,588$29,774$28,066$26,458$20,617
7 years$28,436$26,527$24,742$23,074$21,517$15,987
8 years$24,630$22,739$20,983$19,357$17,851$12,627
9 years$21,672$19,798$18,073$16,488$15,033$10,109
10 years$19,307$17,451$15,756$14,212$12,809$8,177
11 years$17,373$15,536$13,872$12,369$11,016$6,667
12 years$15,762$13,944$12,311$10,849$9,546$5,470
13 years$14,400$12,601$10,999$9,578$8,324$4,511
14 years$13,234$11,454$9,883$8,503$7,297$3,734
15 years$12,224$10,464$8,923$7,583$6,425$3,102
16 years$11,342$9,600$8,090$6,790$5,678$2,583
17 years$10,564$8,841$7,361$6,100$5,035$2,156
18 years$9,873$8,170$6,720$5,498$4,477$1,803
19 years$9,256$7,572$6,152$4,968$3,990$1,510
20 years$8,701$7,036$5,646$4,499$3,564$1,266
21 years$8,199$6,554$5,193$4,083$3,190$1,062
22 years$7,744$6,118$4,786$3,713$2,859$893
23 years$7,329$5,722$4,419$3,381$2,566$750
24 years$6,949$5,361$4,087$3,084$2,307$631
25 years$6,600$5,031$3,785$2,816$2,076$531
26 years$6,278$4,728$3,511$2,575$1,870$447
27 years$5,981$4,450$3,260$2,357$1,686$377
28 years$5,706$4,193$3,031$2,160$1,521$317
29 years$5,450$3,956$2,820$1,980$1,373$267
30 years$5,211$3,736$2,627$1,817$1,241$225
31 years$4,988$3,532$2,449$1,669$1,122$190
32 years$4,780$3,342$2,285$1,534$1,015$160
33 years$4,585$3,164$2,134$1,411$918$135
34 years$4,401$2,999$1,993$1,298$832$114
35 years$4,229$2,845$1,864$1,195$753$96
36 years$4,066$2,700$1,743$1,100$682$81
37 years$3,912$2,564$1,632$1,014$619$68
38 years$3,767$2,437$1,528$935$561$58
39 years$3,630$2,317$1,432$862$509$49
40 years$3,500$2,205$1,342$795$461$41
41 years$3,376$2,099$1,258$733$418$35
42 years$3,259$1,999$1,180$677$380$29
43 years$3,148$1,905$1,108$625$345$25
44 years$3,042$1,815$1,040$577$313$21
45 years$2,941$1,731$976$533$284$18
46 years$2,844$1,651$917$492$258$15
47 years$2,752$1,576$861$455$234$13
48 years$2,664$1,504$809$420$213$11
49 years$2,580$1,437$761$388$193$9
50 years$2,499$1,372$715$359$175$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,560,000, adding $5,012 every year, while hoping to spend $57,370 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: 42/48/10 Blend
60$2,560,000$2,560,000$2,560,000$2,560,000
61$2,826,290$2,690,610$2,650,930$2,936,509
62$3,053,530$2,761,409$2,678,695$3,084,819
63$3,302,026$2,833,754$2,705,467$3,239,161
64$3,573,886$2,907,660$2,731,153$3,404,994
65$3,871,429$2,983,142$2,755,653$3,583,391
66$4,197,211$3,060,213$2,778,864$3,775,528
67$4,554,046$3,138,883$2,800,676$3,982,704
68$4,945,033$3,219,162$2,820,973$4,206,345
69$5,373,585$3,301,060$2,839,634$4,448,023
70$5,843,460$3,384,581$2,856,531$4,709,467
71$6,358,798$3,469,730$2,871,529$4,992,582
72$6,924,158$3,556,510$2,884,489$5,299,466
73$7,544,563$3,644,920$2,895,260$5,632,426
74$8,225,546$3,734,958$2,903,688$5,994,008
75$8,973,198$3,826,618$2,909,609$6,387,010
76$9,794,234$3,919,892$2,912,850$6,814,519
77$10,696,046$4,014,767$2,913,231$7,279,932
78$11,686,782$4,111,230$2,910,564$7,786,993
79$12,775,415$4,209,261$2,904,649$8,339,825
80$13,971,831$4,308,839$2,895,278$8,942,972
81$15,286,921$4,409,935$2,882,233$9,601,438
82$16,732,683$4,512,518$2,865,284$10,320,738
83$18,322,339$4,616,553$2,844,193$11,106,947
84$20,070,451$4,721,998$2,818,707$11,966,760
85$21,993,066$4,828,805$2,788,563$12,907,552
86$24,107,864$4,936,922$2,753,485$13,937,453
87$26,434,324$5,046,289$2,713,184$15,065,417
88$28,993,908$5,156,840$2,667,359$16,301,314
89$31,810,263$5,268,501$2,615,692$17,656,020
90$34,909,443$5,381,191$2,557,851$19,141,519
91$38,320,158$5,494,822$2,493,491$20,771,017
92$42,074,040$5,609,293$2,422,248$22,559,068
93$46,205,941$5,724,498$2,343,743$24,521,712
94$50,754,268$5,840,319$2,257,579$26,676,624
95$55,761,337$5,956,628$2,163,342$29,043,282
96$61,273,776$6,073,286$2,060,596$31,643,152
97$67,342,964$6,190,140$1,948,889$34,499,894
98$74,025,517$6,307,027$1,827,747$37,639,578
99$81,383,817$6,423,769$1,696,674$41,090,939
100$89,486,606$6,540,173$1,555,153$44,885,642