Can I retire at age 61 with 2,600,000?

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 $2,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$214,706$212,793$210,927$209,106$207,328$199,971
2 years$106,290$104,310$102,392$100,532$98,727$91,395
3 years$70,156$68,168$66,254$64,412$62,637$55,558
4 years$52,093$50,111$48,216$46,405$44,673$37,902
5 years$41,257$39,287$37,418$35,643$33,960$27,514
6 years$34,036$32,081$30,239$28,504$26,871$20,756
7 years$28,880$26,942$25,129$23,435$21,853$16,068
8 years$25,015$23,094$21,311$19,659$18,130$12,668
9 years$22,011$20,107$18,355$16,745$15,268$10,124
10 years$19,608$17,724$16,003$14,434$13,009$8,173
11 years$17,644$15,778$14,088$12,562$11,188$6,651
12 years$16,008$14,162$12,503$11,019$9,695$5,446
13 years$14,625$12,798$11,171$9,728$8,455$4,481
14 years$13,441$11,633$10,037$8,635$7,411$3,702
15 years$12,415$10,627$9,062$7,701$6,525$3,069
16 years$11,519$9,750$8,216$6,896$5,767$2,550
17 years$10,729$8,980$7,476$6,196$5,114$2,124
18 years$10,027$8,298$6,825$5,584$4,547$1,772
19 years$9,400$7,690$6,248$5,045$4,053$1,480
20 years$8,837$7,146$5,734$4,569$3,620$1,238
21 years$8,327$6,656$5,274$4,147$3,239$1,037
22 years$7,865$6,213$4,861$3,771$2,904$869
23 years$7,443$5,811$4,488$3,434$2,606$729
24 years$7,058$5,445$4,151$3,132$2,343$612
25 years$6,703$5,110$3,845$2,860$2,108$514
26 years$6,377$4,802$3,566$2,615$1,899$431
27 years$6,075$4,519$3,311$2,394$1,712$362
28 years$5,795$4,259$3,078$2,193$1,545$305
29 years$5,535$4,018$2,864$2,011$1,395$256
30 years$5,292$3,794$2,668$1,846$1,260$215
31 years$5,066$3,587$2,487$1,695$1,140$181
32 years$4,855$3,394$2,321$1,558$1,031$152
33 years$4,656$3,214$2,167$1,433$933$128
34 years$4,470$3,046$2,025$1,318$845$108
35 years$4,295$2,889$1,893$1,213$765$91
36 years$4,129$2,742$1,771$1,118$693$76
37 years$3,974$2,604$1,657$1,030$628$64
38 years$3,826$2,475$1,552$949$570$54
39 years$3,687$2,354$1,454$875$516$45
40 years$3,555$2,239$1,363$807$468$38
41 years$3,429$2,132$1,278$745$425$32
42 years$3,310$2,030$1,199$687$386$27
43 years$3,197$1,934$1,125$634$350$23
44 years$3,089$1,844$1,056$586$318$19
45 years$2,986$1,758$991$541$288$16
46 years$2,889$1,677$931$500$262$14
47 years$2,795$1,601$875$462$238$11
48 years$2,706$1,528$822$427$216$10
49 years$2,620$1,459$773$394$196$8
50 years$2,539$1,394$726$364$178$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,600,000, adding $4,439 every year, while hoping to spend $47,213 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: 34/38/28 Blend
60$2,600,000$2,600,000$2,600,000$2,600,000
61$2,869,779$2,731,979$2,691,679$2,942,901
62$3,112,262$2,815,612$2,731,616$3,082,085
63$3,377,896$2,901,760$2,771,308$3,227,539
64$3,668,993$2,990,497$2,810,698$3,383,480
65$3,988,097$3,081,899$2,849,724$3,550,876
66$4,338,014$3,176,043$2,888,321$3,730,788
67$4,721,831$3,273,008$2,926,419$3,924,386
68$5,142,949$3,372,878$2,963,946$4,132,956
69$5,605,116$3,475,734$3,000,823$4,357,912
70$6,112,457$3,581,665$3,036,970$4,600,813
71$6,669,519$3,690,758$3,072,301$4,863,370
72$7,281,310$3,803,105$3,106,722$5,147,472
73$7,953,346$3,918,799$3,140,140$5,455,194
74$8,691,703$4,037,936$3,172,450$5,788,821
75$9,503,077$4,160,615$3,203,548$6,150,872
76$10,394,843$4,286,938$3,233,319$6,544,118
77$11,375,127$4,417,007$3,261,645$6,971,608
78$12,452,880$4,550,930$3,288,399$7,436,706
79$13,637,964$4,688,817$3,313,452$7,943,110
80$14,941,246$4,830,778$3,336,662$8,494,897
81$16,374,698$4,976,931$3,357,885$9,096,557
82$17,951,509$5,127,392$3,376,966$9,753,033
83$19,686,212$5,282,284$3,393,743$10,469,775
84$21,594,820$5,441,730$3,408,048$11,252,780
85$23,694,976$5,605,859$3,419,702$12,108,660
86$26,006,118$5,774,801$3,428,516$13,044,695
87$28,549,665$5,948,690$3,434,295$14,068,908
88$31,349,219$6,127,663$3,436,832$15,190,137
89$34,430,783$6,311,862$3,435,909$16,418,118
90$37,823,010$6,501,431$3,431,300$17,763,579
91$41,557,474$6,696,518$3,422,765$19,238,340
92$45,668,963$6,897,274$3,410,055$20,855,424
93$50,195,813$7,103,856$3,392,907$22,629,181
94$55,180,262$7,316,421$3,371,045$24,575,420
95$60,668,856$7,535,133$3,344,182$26,711,563
96$66,712,883$7,760,158$3,312,016$29,056,807
97$73,368,858$7,991,667$3,274,230$31,632,302
98$80,699,058$8,229,835$3,230,493$34,461,357
99$88,772,105$8,474,841$3,180,458$37,569,654
100$97,663,619$8,726,866$3,123,762$40,985,494