Can I retire at age 61 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$230,396$228,343$226,341$224,387$222,479$215,616
2 years$114,057$111,933$109,874$107,878$105,942$99,088
3 years$75,283$73,149$71,096$69,119$67,214$60,584
4 years$55,899$53,773$51,740$49,796$47,938$41,582
5 years$44,272$42,158$40,152$38,248$36,441$30,377
6 years$36,524$34,425$32,449$30,587$28,835$23,067
7 years$30,991$28,910$26,965$25,148$23,450$17,979
8 years$26,843$24,782$22,869$21,096$19,454$14,276
9 years$23,619$21,577$19,697$17,969$16,383$11,493
10 years$21,041$19,019$17,172$15,489$13,960$9,349
11 years$18,933$16,931$15,118$13,480$12,006$7,667
12 years$17,178$15,197$13,417$11,824$10,404$6,328
13 years$15,694$13,733$11,987$10,439$9,072$5,250
14 years$14,423$12,483$10,770$9,266$7,953$4,374
15 years$13,323$11,404$9,724$8,264$7,002$3,656
16 years$12,361$10,463$8,816$7,400$6,189$3,065
17 years$11,513$9,636$8,023$6,648$5,487$2,575
18 years$10,760$8,904$7,324$5,992$4,879$2,168
19 years$10,087$8,252$6,704$5,414$4,349$1,828
20 years$9,482$7,668$6,153$4,903$3,884$1,543
21 years$8,936$7,143$5,660$4,450$3,476$1,304
22 years$8,440$6,667$5,216$4,046$3,116$1,103
23 years$7,987$6,236$4,816$3,685$2,797$934
24 years$7,573$5,843$4,454$3,361$2,514$791
25 years$7,193$5,483$4,125$3,069$2,262$671
26 years$6,843$5,153$3,826$2,806$2,038$569
27 years$6,519$4,850$3,553$2,569$1,837$483
28 years$6,218$4,570$3,303$2,354$1,658$410
29 years$5,939$4,311$3,074$2,158$1,497$348
30 years$5,679$4,071$2,863$1,981$1,353$295
31 years$5,436$3,849$2,669$1,819$1,223$251
32 years$5,209$3,642$2,490$1,672$1,106$213
33 years$4,996$3,449$2,325$1,537$1,001$181
34 years$4,797$3,269$2,173$1,415$906$154
35 years$4,608$3,100$2,031$1,302$821$131
36 years$4,431$2,943$1,900$1,199$744$111
37 years$4,264$2,795$1,778$1,105$674$94
38 years$4,106$2,656$1,665$1,018$611$80
39 years$3,956$2,526$1,560$939$554$68
40 years$3,814$2,403$1,463$866$503$58
41 years$3,680$2,287$1,371$799$456$49
42 years$3,552$2,178$1,286$738$414$42
43 years$3,431$2,076$1,207$681$376$36
44 years$3,315$1,978$1,133$629$341$30
45 years$3,205$1,887$1,064$581$309$26
46 years$3,100$1,800$999$536$281$22
47 years$2,999$1,718$939$495$255$19
48 years$2,903$1,640$882$458$232$16
49 years$2,812$1,566$829$423$210$13
50 years$2,724$1,496$780$391$191$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,790,000, adding $5,227 every year, while hoping to spend $25,771 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: 77/13/10 Blend
60$2,790,000$2,790,000$2,790,000$2,790,000
61$3,079,972$2,932,102$2,888,857$3,311,417
62$3,366,709$3,048,354$2,958,213$3,580,642
63$3,681,829$3,169,440$3,029,029$3,871,942
64$4,028,201$3,295,568$3,101,327$4,190,603
65$4,408,983$3,426,957$3,175,128$4,539,338
66$4,827,658$3,563,836$3,250,453$4,921,135
67$5,288,059$3,706,444$3,327,323$5,339,283
68$5,794,413$3,855,032$3,405,760$5,797,403
69$6,351,375$4,009,860$3,485,785$6,299,483
70$6,964,073$4,171,201$3,567,417$6,849,916
71$7,638,160$4,339,341$3,650,677$7,453,537
72$8,379,862$4,514,578$3,735,584$8,115,674
73$9,196,039$4,697,224$3,822,157$8,842,192
74$10,094,252$4,887,605$3,910,416$9,639,552
75$11,082,829$5,086,061$4,000,379$10,514,871
76$12,170,949$5,292,949$4,092,062$11,475,987
77$13,368,723$5,508,641$4,185,484$12,531,533
78$14,687,295$5,733,527$4,280,660$13,691,020
79$16,138,943$5,968,013$4,377,606$14,964,922
80$17,737,195$6,212,526$4,476,335$16,364,780
81$19,496,959$6,467,510$4,576,863$17,903,306
82$21,434,663$6,733,432$4,679,202$19,594,502
83$23,568,406$7,010,777$4,783,363$21,453,797
84$25,918,134$7,300,056$4,889,356$23,498,185
85$28,505,826$7,601,801$4,997,192$25,746,390
86$31,355,700$7,916,569$5,106,877$28,219,038
87$34,494,442$8,244,942$5,218,418$30,938,855
88$37,951,461$8,587,529$5,331,821$33,930,878
89$41,759,161$8,944,969$5,447,088$37,222,692
90$45,953,251$9,317,929$5,564,221$40,844,687
91$50,573,080$9,707,104$5,683,220$44,830,349
92$55,662,008$10,113,227$5,804,082$49,216,569
93$61,267,817$10,537,059$5,926,803$54,043,997
94$67,443,159$10,979,400$6,051,375$59,357,418
95$74,246,056$11,441,085$6,177,791$65,206,179
96$81,740,445$11,922,989$6,306,038$71,644,651
97$89,996,782$12,426,027$6,436,102$78,732,744
98$99,092,708$12,951,157$6,567,966$86,536,467
99$109,113,781$13,499,380$6,701,610$95,128,554
100$120,154,282$14,071,745$6,837,009$104,589,148