Can I retire at age 61 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$237,002$234,891$232,831$230,821$228,858$227,416
2 years$117,328$115,143$113,025$110,972$108,980$107,525
3 years$77,441$75,247$73,135$71,101$69,141$67,719
4 years$57,502$55,314$53,223$51,224$49,312$47,933
5 years$45,542$43,367$41,303$39,345$37,486$36,155
6 years$37,571$35,413$33,379$31,464$29,662$28,379
7 years$31,880$29,739$27,738$25,869$24,123$22,891
8 years$27,613$25,492$23,524$21,701$20,012$18,830
9 years$24,296$22,196$20,261$18,484$16,853$15,720
10 years$21,645$19,564$17,664$15,933$14,360$13,276
11 years$19,476$17,417$15,551$13,867$12,350$11,314
12 years$17,671$15,632$13,802$12,163$10,702$9,714
13 years$16,144$14,127$12,331$10,738$9,332$8,391
14 years$14,837$12,841$11,079$9,532$8,181$7,284
15 years$13,705$11,731$10,003$8,501$7,203$6,350
16 years$12,715$10,763$9,069$7,612$6,366$5,556
17 years$11,843$9,912$8,253$6,839$5,645$4,876
18 years$11,068$9,159$7,534$6,163$5,019$4,291
19 years$10,376$8,489$6,897$5,569$4,473$3,784
20 years$9,754$7,888$6,329$5,044$3,996$3,344
21 years$9,192$7,347$5,822$4,578$3,576$2,960
22 years$8,682$6,859$5,366$4,162$3,205$2,624
23 years$8,216$6,415$4,954$3,791$2,877$2,329
24 years$7,791$6,010$4,582$3,457$2,586$2,070
25 years$7,399$5,640$4,244$3,157$2,327$1,842
26 years$7,039$5,301$3,936$2,887$2,096$1,640
27 years$6,706$4,989$3,655$2,642$1,890$1,461
28 years$6,397$4,701$3,398$2,421$1,705$1,303
29 years$6,110$4,435$3,162$2,220$1,540$1,163
30 years$5,842$4,188$2,945$2,038$1,391$1,038
31 years$5,592$3,959$2,746$1,871$1,258$927
32 years$5,359$3,746$2,562$1,720$1,138$828
33 years$5,140$3,548$2,392$1,581$1,030$741
34 years$4,934$3,362$2,235$1,455$932$662
35 years$4,741$3,189$2,089$1,340$844$592
36 years$4,558$3,027$1,955$1,234$765$530
37 years$4,386$2,875$1,829$1,137$693$474
38 years$4,224$2,732$1,713$1,048$629$425
39 years$4,070$2,598$1,605$966$570$380
40 years$3,924$2,472$1,504$891$517$341
41 years$3,785$2,353$1,411$822$469$305
42 years$3,654$2,241$1,323$759$426$273
43 years$3,529$2,135$1,242$700$386$245
44 years$3,410$2,035$1,166$647$351$219
45 years$3,297$1,941$1,094$597$318$197
46 years$3,188$1,851$1,028$552$289$176
47 years$3,085$1,767$966$510$262$158
48 years$2,987$1,687$907$471$238$141
49 years$2,892$1,611$853$435$216$127
50 years$2,802$1,539$802$402$197$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $2,870,000, adding $6,737 every year, while hoping to spend $25,750 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: 81/7/12 Blend
60$2,870,000$2,870,000$2,870,000$2,870,000
61$3,169,689$3,017,579$2,973,094$3,419,006
62$3,465,600$3,138,043$3,045,295$3,704,035
63$3,790,830$3,263,546$3,119,052$4,012,783
64$4,148,344$3,394,309$3,194,389$4,350,932
65$4,541,405$3,530,561$3,271,332$4,721,417
66$4,973,612$3,672,542$3,349,905$5,127,469
67$5,448,927$3,820,503$3,430,133$5,572,648
68$5,971,717$3,974,706$3,512,041$6,060,872
69$6,546,791$4,135,426$3,595,654$6,596,460
70$7,179,450$4,302,948$3,680,995$7,184,166
71$7,875,535$4,477,574$3,768,089$7,829,229
72$8,641,479$4,659,615$3,856,960$8,537,418
73$9,484,373$4,849,399$3,947,631$9,315,089
74$10,412,029$5,047,269$4,040,126$10,169,243
75$11,433,053$5,253,582$4,134,467$11,107,592
76$12,556,929$5,468,713$4,230,677$12,138,632
77$13,794,109$5,693,053$4,328,778$13,271,723
78$15,156,107$5,927,011$4,428,791$14,517,177
79$16,655,612$6,171,016$4,530,737$15,886,353
80$18,306,603$6,425,515$4,634,636$17,391,766
81$20,124,487$6,690,976$4,740,507$19,047,205
82$22,126,240$6,967,889$4,848,369$20,867,860
83$24,330,567$7,256,766$4,958,240$22,870,469
84$26,758,080$7,558,143$5,070,136$25,073,472
85$29,431,492$7,872,579$5,184,073$27,497,187
86$32,375,831$8,200,662$5,300,066$30,163,997
87$35,618,675$8,543,004$5,418,128$33,098,569
88$39,190,415$8,900,247$5,538,270$36,328,077
89$43,124,541$9,273,062$5,660,505$39,882,465
90$47,457,953$9,662,151$5,784,841$43,794,726
91$52,231,316$10,068,248$5,911,285$48,101,212
92$57,489,441$10,492,123$6,039,844$52,841,980
93$63,281,706$10,934,580$6,170,522$58,061,165
94$69,662,526$11,396,459$6,303,319$63,807,401
95$76,691,860$11,878,643$6,438,237$70,134,274
96$84,435,785$12,382,051$6,575,274$77,100,834
97$92,967,113$12,907,650$6,714,423$84,772,143
98$102,366,081$13,456,447$6,855,679$93,219,897
99$112,721,108$14,029,500$6,999,031$102,523,096
100$124,129,629$14,627,913$7,144,466$112,768,793