Can I retire at age 61 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$235,350$233,254$231,209$229,212$227,263$220,430
2 years$116,510$114,340$112,237$110,198$108,220$101,394
3 years$76,902$74,723$72,625$70,605$68,660$62,053
4 years$57,102$54,929$52,852$50,867$48,969$42,633
5 years$45,225$43,065$41,016$39,071$37,225$31,178
6 years$37,309$35,166$33,147$31,245$29,455$23,702
7 years$31,657$29,532$27,545$25,688$23,955$18,495
8 years$27,421$25,315$23,360$21,549$19,873$14,703
9 years$24,127$22,041$20,120$18,355$16,736$11,850
10 years$21,494$19,428$17,541$15,822$14,260$9,652
11 years$19,341$17,296$15,443$13,770$12,264$7,926
12 years$17,548$15,524$13,705$12,078$10,628$6,551
13 years$16,032$14,029$12,245$10,663$9,267$5,442
14 years$14,733$12,752$11,002$9,466$8,124$4,540
15 years$13,609$11,649$9,933$8,442$7,153$3,800
16 years$12,627$10,688$9,006$7,559$6,322$3,190
17 years$11,760$9,843$8,195$6,791$5,605$2,684
18 years$10,991$9,095$7,481$6,120$4,984$2,263
19 years$10,304$8,429$6,849$5,530$4,442$1,911
20 years$9,686$7,833$6,285$5,009$3,968$1,616
21 years$9,128$7,296$5,781$4,546$3,551$1,368
22 years$8,621$6,811$5,328$4,133$3,183$1,159
23 years$8,159$6,370$4,920$3,764$2,857$983
24 years$7,736$5,968$4,550$3,433$2,568$834
25 years$7,348$5,601$4,214$3,135$2,311$708
26 years$6,990$5,264$3,908$2,867$2,082$601
27 years$6,659$4,954$3,629$2,624$1,877$511
28 years$6,352$4,668$3,374$2,404$1,693$435
29 years$6,067$4,404$3,140$2,205$1,529$369
30 years$5,801$4,159$2,925$2,023$1,382$314
31 years$5,553$3,932$2,726$1,858$1,249$267
32 years$5,321$3,720$2,544$1,708$1,130$228
33 years$5,104$3,523$2,375$1,570$1,023$194
34 years$4,900$3,339$2,219$1,445$926$165
35 years$4,708$3,167$2,075$1,330$839$140
36 years$4,526$3,006$1,941$1,225$760$119
37 years$4,356$2,855$1,817$1,129$689$102
38 years$4,194$2,713$1,701$1,040$624$87
39 years$4,041$2,580$1,594$959$566$74
40 years$3,896$2,455$1,494$885$513$63
41 years$3,759$2,337$1,401$816$466$53
42 years$3,628$2,225$1,314$753$423$46
43 years$3,504$2,120$1,233$695$384$39
44 years$3,386$2,021$1,157$642$348$33
45 years$3,274$1,927$1,087$593$316$28
46 years$3,166$1,839$1,021$548$287$24
47 years$3,064$1,755$959$506$261$20
48 years$2,966$1,675$901$468$237$17
49 years$2,872$1,599$847$432$215$15
50 years$2,783$1,528$796$399$195$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,850,000, adding $6,479 every year, while hoping to spend $22,276 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: 75/14/11 Blend
60$2,850,000$2,850,000$2,850,000$2,850,000
61$3,147,383$2,996,333$2,952,158$3,376,388
62$3,444,715$3,119,452$3,027,354$3,651,407
63$3,771,627$3,247,857$3,104,322$3,949,273
64$4,131,115$3,381,784$3,183,099$4,275,081
65$4,526,476$3,521,479$3,263,720$4,631,597
66$4,961,345$3,667,199$3,346,223$5,021,867
67$5,439,725$3,819,215$3,430,644$5,449,245
68$5,966,028$3,977,807$3,517,021$5,917,421
69$6,545,115$4,143,271$3,605,393$6,430,461
70$7,182,340$4,315,916$3,695,798$6,992,841
71$7,883,606$4,496,063$3,788,275$7,609,490
72$8,655,414$4,684,050$3,882,862$8,285,836
73$9,504,929$4,880,231$3,979,600$9,027,857
74$10,440,044$5,084,974$4,078,529$9,842,136
75$11,469,457$5,298,667$4,179,688$10,735,924
76$12,602,753$5,521,713$4,283,119$11,717,205
77$13,850,493$5,754,536$4,388,863$12,794,776
78$15,224,313$5,997,578$4,496,960$13,978,325
79$16,737,037$6,251,303$4,607,452$15,278,521
80$18,402,793$6,516,196$4,720,380$16,707,119
81$20,237,153$6,792,764$4,835,787$18,277,067
82$22,257,270$7,081,537$4,953,714$20,002,628
83$24,482,052$7,383,073$5,074,204$21,899,512
84$26,932,329$7,697,951$5,197,297$23,985,028
85$29,631,058$8,026,782$5,323,038$26,278,242
86$32,603,533$8,370,201$5,451,467$28,800,161
87$35,877,629$8,728,877$5,582,627$31,573,924
88$39,484,061$9,103,506$5,716,559$34,625,026
89$43,456,678$9,494,820$5,853,306$37,981,553
90$47,832,777$9,903,584$5,992,909$41,674,451
91$52,653,458$10,330,598$6,135,410$45,737,810
92$57,964,014$10,776,700$6,280,849$50,209,193
93$63,814,353$11,242,769$6,429,268$55,129,983
94$70,259,475$11,729,722$6,580,706$60,545,776
95$77,359,984$12,238,521$6,735,202$66,506,809
96$85,182,668$12,770,174$6,892,797$73,068,432
97$93,801,122$13,325,735$7,053,528$80,291,634
98$103,296,449$13,906,308$7,217,433$88,243,610
99$113,758,018$14,513,048$7,384,548$96,998,400
100$125,284,315$15,147,167$7,554,910$106,637,584