Can I retire at age 61 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$228,744$226,706$224,719$222,778$220,884$213,728
2 years$113,240$111,131$109,087$107,105$105,183$98,040
3 years$74,743$72,625$70,586$68,623$66,732$59,827
4 years$55,499$53,387$51,369$49,439$47,594$40,980
5 years$43,955$41,856$39,864$37,974$36,180$29,874
6 years$36,262$34,179$32,216$30,368$28,628$22,636
7 years$30,769$28,703$26,772$24,967$23,282$17,603
8 years$26,651$24,604$22,705$20,944$19,315$13,945
9 years$23,450$21,422$19,556$17,840$16,266$11,198
10 years$20,890$18,883$17,049$15,378$13,859$9,087
11 years$18,798$16,810$15,010$13,384$11,920$7,433
12 years$17,055$15,088$13,321$11,739$10,329$6,119
13 years$15,582$13,635$11,901$10,364$9,007$5,062
14 years$14,320$12,394$10,693$9,200$7,896$4,206
15 years$13,227$11,322$9,655$8,205$6,952$3,506
16 years$12,272$10,388$8,753$7,347$6,144$2,930
17 years$11,430$9,567$7,965$6,601$5,448$2,455
18 years$10,683$8,840$7,271$5,949$4,844$2,060
19 years$10,015$8,193$6,656$5,375$4,318$1,732
20 years$9,414$7,613$6,109$4,868$3,857$1,458
21 years$8,872$7,091$5,619$4,418$3,451$1,228
22 years$8,379$6,620$5,179$4,017$3,093$1,036
23 years$7,930$6,191$4,782$3,659$2,777$874
24 years$7,519$5,801$4,422$3,337$2,496$738
25 years$7,141$5,444$4,096$3,047$2,246$624
26 years$6,794$5,116$3,799$2,786$2,023$527
27 years$6,472$4,815$3,527$2,550$1,824$446
28 years$6,174$4,537$3,279$2,337$1,646$377
29 years$5,897$4,280$3,052$2,143$1,486$319
30 years$5,639$4,042$2,842$1,967$1,343$270
31 years$5,398$3,821$2,650$1,806$1,214$229
32 years$5,172$3,616$2,472$1,660$1,098$194
33 years$4,961$3,424$2,309$1,526$994$164
34 years$4,762$3,245$2,157$1,404$900$139
35 years$4,575$3,078$2,017$1,293$815$118
36 years$4,399$2,922$1,886$1,191$738$100
37 years$4,233$2,775$1,766$1,097$669$84
38 years$4,076$2,637$1,654$1,011$607$72
39 years$3,928$2,508$1,549$932$550$61
40 years$3,787$2,386$1,452$860$499$51
41 years$3,653$2,271$1,362$793$453$43
42 years$3,527$2,163$1,277$732$411$37
43 years$3,406$2,061$1,198$676$373$31
44 years$3,291$1,964$1,125$624$338$26
45 years$3,182$1,873$1,056$576$307$22
46 years$3,077$1,787$992$532$279$19
47 years$2,978$1,705$932$492$253$16
48 years$2,883$1,628$876$455$230$14
49 years$2,792$1,555$823$420$209$12
50 years$2,704$1,485$774$388$190$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,770,000, adding $4,612 every year, while hoping to spend $56,340 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: 64/30/6 Blend
60$2,770,000$2,770,000$2,770,000$2,770,000
61$3,057,297$2,910,487$2,867,552$3,249,608
62$3,309,196$2,993,156$2,903,670$3,460,828
63$3,584,901$3,077,987$2,939,109$3,684,325
64$3,886,779$3,165,027$2,973,788$3,926,936
65$4,217,440$3,254,323$3,007,620$4,190,508
66$4,579,756$3,345,922$3,040,512$4,477,078
67$4,976,891$3,439,871$3,072,369$4,788,886
68$5,412,328$3,536,219$3,103,087$5,128,398
69$5,889,906$3,635,014$3,132,561$5,498,328
70$6,413,850$3,736,304$3,160,675$5,901,667
71$6,988,816$3,840,136$3,187,312$6,341,706
72$7,619,933$3,946,561$3,212,344$6,822,068
73$8,312,849$4,055,625$3,235,640$7,346,746
74$9,073,786$4,167,377$3,257,061$7,920,135
75$9,909,599$4,281,865$3,276,460$8,547,074
76$10,827,840$4,399,138$3,293,682$9,232,896
77$11,836,825$4,519,242$3,308,566$9,983,472
78$12,945,721$4,642,224$3,320,943$10,805,270
79$14,164,622$4,768,131$3,330,632$11,705,415
80$15,504,652$4,897,007$3,337,447$12,691,754
81$16,978,065$5,028,899$3,341,190$13,772,931
82$18,598,362$5,163,850$3,341,654$14,958,472
83$20,380,419$5,301,902$3,338,623$16,258,865
84$22,340,623$5,443,097$3,331,869$17,685,670
85$24,497,033$5,587,475$3,321,152$19,251,620
86$26,869,542$5,735,073$3,306,223$20,970,743
87$29,480,073$5,885,929$3,286,819$22,858,495
88$32,352,778$6,040,077$3,262,665$24,931,905
89$35,514,269$6,197,549$3,233,472$27,209,735
90$38,993,870$6,358,375$3,198,939$29,712,656
91$42,823,890$6,522,581$3,158,749$32,463,445
92$47,039,931$6,690,191$3,112,571$35,487,198
93$51,681,220$6,861,226$3,060,058$38,811,568
94$56,790,982$7,035,704$3,000,848$42,467,022
95$62,416,845$7,213,637$2,934,559$46,487,133
96$68,611,292$7,395,033$2,860,795$50,908,895
97$75,432,152$7,579,898$2,779,140$55,773,069
98$82,943,148$7,768,230$2,689,158$61,124,571
99$91,214,500$7,960,023$2,590,395$67,012,896
100$100,323,580$8,155,266$2,482,375$73,492,580