Can I retire at age 61 with 2,650,000?

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 $2,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$218,835$216,885$214,983$213,127$211,315$207,558
2 years$108,334$106,316$104,361$102,465$100,626$96,854
3 years$71,505$69,479$67,528$65,650$63,841$60,171
4 years$53,094$51,074$49,143$47,297$45,532$41,993
5 years$42,051$40,043$38,137$36,329$34,613$31,214
6 years$34,691$32,698$30,821$29,053$27,388$24,133
7 years$29,436$27,460$25,612$23,886$22,274$19,165
8 years$25,496$23,538$21,721$20,037$18,478$15,514
9 years$22,434$20,494$18,708$17,067$15,561$12,740
10 years$19,985$18,065$16,310$14,712$13,259$10,578
11 years$17,983$16,082$14,359$12,804$11,403$8,859
12 years$16,316$14,434$12,744$11,231$9,882$7,472
13 years$14,907$13,044$11,386$9,915$8,617$6,338
14 years$13,699$11,857$10,230$8,801$7,554$5,400
15 years$12,654$10,831$9,236$7,849$6,651$4,620
16 years$11,740$9,938$8,374$7,028$5,878$3,964
17 years$10,935$9,152$7,620$6,315$5,212$3,411
18 years$10,220$8,457$6,956$5,691$4,634$2,942
19 years$9,581$7,838$6,368$5,142$4,131$2,543
20 years$9,007$7,283$5,844$4,657$3,689$2,201
21 years$8,487$6,784$5,376$4,227$3,302$1,908
22 years$8,016$6,333$4,954$3,843$2,959$1,656
23 years$7,587$5,923$4,575$3,500$2,657$1,439
24 years$7,193$5,549$4,231$3,192$2,388$1,251
25 years$6,832$5,208$3,918$2,915$2,149$1,089
26 years$6,499$4,895$3,634$2,666$1,935$948
27 years$6,192$4,606$3,375$2,440$1,745$826
28 years$5,906$4,341$3,137$2,235$1,575$720
29 years$5,641$4,095$2,919$2,050$1,422$628
30 years$5,394$3,867$2,719$1,881$1,285$548
31 years$5,164$3,656$2,535$1,728$1,161$479
32 years$4,948$3,459$2,365$1,588$1,051$418
33 years$4,746$3,276$2,209$1,460$951$365
34 years$4,556$3,105$2,064$1,344$861$319
35 years$4,377$2,945$1,929$1,237$780$279
36 years$4,209$2,795$1,805$1,139$706$243
37 years$4,050$2,655$1,689$1,050$640$213
38 years$3,900$2,523$1,582$967$580$186
39 years$3,758$2,399$1,482$892$526$163
40 years$3,623$2,282$1,389$823$477$142
41 years$3,495$2,173$1,303$759$433$124
42 years$3,374$2,069$1,222$701$393$109
43 years$3,258$1,971$1,147$647$357$95
44 years$3,149$1,879$1,076$597$324$83
45 years$3,044$1,792$1,011$551$294$73
46 years$2,944$1,710$949$509$267$64
47 years$2,849$1,631$892$471$242$56
48 years$2,758$1,557$838$435$220$49
49 years$2,671$1,487$788$402$200$43
50 years$2,587$1,421$740$371$182$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,650,000, adding $6,551 every year, while hoping to spend $33,950 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: 79/9/12 Blend
60$2,650,000$2,650,000$2,650,000$2,650,000
61$2,927,057$2,786,607$2,745,532$3,151,221
62$3,189,495$2,887,029$2,801,385$3,399,918
63$3,477,563$2,991,233$2,857,971$3,667,661
64$3,793,840$3,099,369$2,915,279$3,960,427
65$4,141,167$3,211,593$2,973,296$4,280,701
66$4,522,672$3,328,068$3,032,008$4,631,221
67$4,941,803$3,448,961$3,091,399$5,015,001
68$5,402,357$3,574,450$3,151,450$5,435,363
69$5,908,516$3,704,717$3,212,142$5,895,963
70$6,464,890$3,839,953$3,273,454$6,400,828
71$7,076,556$3,980,358$3,335,362$6,954,395
72$7,749,107$4,126,138$3,397,839$7,561,551
73$8,488,707$4,277,510$3,460,858$8,227,676
74$9,302,146$4,434,699$3,524,388$8,958,701
75$10,196,904$4,597,939$3,588,394$9,761,157
76$11,181,225$4,767,474$3,652,842$10,642,237
77$12,264,191$4,943,561$3,717,693$11,609,869
78$13,455,807$5,126,464$3,782,904$12,672,782
79$14,767,098$5,316,460$3,848,431$13,840,597
80$16,210,214$5,513,838$3,914,225$15,123,911
81$17,798,539$5,718,899$3,980,234$16,534,398
82$19,546,822$5,931,957$4,046,404$18,084,922
83$21,471,314$6,153,339$4,112,675$19,789,654
84$23,589,921$6,383,387$4,178,983$21,664,208
85$25,922,376$6,622,455$4,245,262$23,725,787
86$28,490,419$6,870,916$4,311,438$25,993,345
87$31,318,006$7,129,156$4,377,437$28,487,765
88$34,431,538$7,397,579$4,443,175$31,232,057
89$37,860,100$7,676,606$4,508,567$34,251,575
90$41,635,748$7,966,677$4,573,522$37,574,254
91$45,793,799$8,268,250$4,637,940$41,230,872
92$50,373,175$8,581,803$4,701,720$45,255,347
93$55,416,763$8,907,834$4,764,750$49,685,048
94$60,971,820$9,246,865$4,826,917$54,561,152
95$67,090,423$9,599,439$4,888,096$59,929,033
96$73,829,957$9,966,123$4,948,159$65,838,686
97$81,253,658$10,347,508$5,006,967$72,345,202
98$89,431,207$10,744,212$5,064,376$79,509,285
99$98,439,391$11,156,879$5,120,233$87,397,826
100$108,362,824$11,586,182$5,174,377$96,084,534