Can I retire at age 61 with 1,810,000?

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 $1,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$149,468$148,137$146,838$145,570$144,332$143,724
2 years$73,994$72,616$71,280$69,986$68,729$68,116
3 years$48,839$47,455$46,123$44,840$43,605$43,004
4 years$36,265$34,885$33,566$32,305$31,099$30,516
5 years$28,722$27,350$26,048$24,813$23,641$23,078
6 years$23,695$22,333$21,051$19,843$18,706$18,163
7 years$20,105$18,756$17,494$16,314$15,213$14,691
8 years$17,414$16,077$14,836$13,686$12,621$12,119
9 years$15,323$13,998$12,778$11,657$10,629$10,147
10 years$13,650$12,338$11,140$10,049$9,056$8,595
11 years$12,283$10,984$9,808$8,745$7,789$7,347
12 years$11,144$9,859$8,704$7,671$6,749$6,328
13 years$10,182$8,909$7,777$6,772$5,886$5,483
14 years$9,357$8,098$6,987$6,012$5,159$4,776
15 years$8,643$7,398$6,309$5,361$4,543$4,177
16 years$8,019$6,788$5,720$4,800$4,015$3,667
17 years$7,469$6,251$5,205$4,313$3,560$3,230
18 years$6,980$5,776$4,751$3,887$3,165$2,852
19 years$6,544$5,353$4,349$3,512$2,821$2,524
20 years$6,152$4,975$3,992$3,181$2,520$2,239
21 years$5,797$4,634$3,672$2,887$2,255$1,989
22 years$5,475$4,325$3,384$2,625$2,021$1,770
23 years$5,182$4,045$3,124$2,391$1,815$1,577
24 years$4,913$3,790$2,890$2,180$1,631$1,407
25 years$4,666$3,557$2,676$1,991$1,468$1,256
26 years$4,439$3,343$2,482$1,821$1,322$1,123
27 years$4,229$3,146$2,305$1,666$1,192$1,005
28 years$4,034$2,965$2,143$1,527$1,075$899
29 years$3,853$2,797$1,994$1,400$971$806
30 years$3,684$2,641$1,857$1,285$877$722
31 years$3,527$2,497$1,732$1,180$793$648
32 years$3,380$2,363$1,616$1,085$718$581
33 years$3,241$2,237$1,508$997$649$522
34 years$3,112$2,121$1,409$918$588$468
35 years$2,990$2,011$1,318$845$533$421
36 years$2,875$1,909$1,233$778$483$378
37 years$2,766$1,813$1,154$717$437$340
38 years$2,664$1,723$1,080$661$396$305
39 years$2,567$1,639$1,012$609$360$275
40 years$2,475$1,559$949$562$326$247
41 years$2,387$1,484$890$518$296$222
42 years$2,304$1,413$835$478$268$200
43 years$2,226$1,347$783$442$244$180
44 years$2,151$1,284$735$408$221$162
45 years$2,079$1,224$690$377$201$146
46 years$2,011$1,168$648$348$182$131
47 years$1,946$1,114$609$321$166$118
48 years$1,884$1,064$572$297$150$106
49 years$1,824$1,016$538$274$137$96
50 years$1,767$970$506$254$124$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,810,000, adding $4,961 every year, while hoping to spend $46,496 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: 62/28/10 Blend
60$1,810,000$1,810,000$1,810,000$1,810,000
61$1,999,737$1,903,807$1,875,752$2,118,935
62$2,154,239$1,947,622$1,889,119$2,243,131
63$2,322,942$1,992,026$1,901,374$2,372,830
64$2,507,245$2,036,998$1,912,433$2,513,234
65$2,708,688$2,082,516$1,922,204$2,665,381
66$2,928,969$2,128,554$1,930,593$2,830,412
67$3,169,954$2,175,083$1,937,498$3,009,585
68$3,433,700$2,222,073$1,942,815$3,204,284
69$3,722,471$2,269,488$1,946,432$3,416,035
70$4,038,760$2,317,290$1,948,235$3,646,519
71$4,385,314$2,365,437$1,948,101$3,897,587
72$4,765,156$2,413,884$1,945,903$4,171,278
73$5,181,617$2,462,579$1,941,505$4,469,839
74$5,638,365$2,511,468$1,934,769$4,795,748
75$6,139,440$2,560,493$1,925,546$5,151,730
76$6,689,293$2,609,587$1,913,681$5,540,792
77$7,292,825$2,658,681$1,899,014$5,966,247
78$7,955,436$2,707,699$1,881,374$6,431,743
79$8,683,074$2,756,559$1,860,583$6,941,302
80$9,482,290$2,805,174$1,836,455$7,499,356
81$10,360,303$2,853,447$1,808,796$8,110,789
82$11,325,065$2,901,276$1,777,401$8,780,982
83$12,385,334$2,948,551$1,742,057$9,515,866
84$13,550,762$2,995,154$1,702,540$10,321,977
85$14,831,980$3,040,957$1,658,615$11,206,518
86$16,240,702$3,085,825$1,610,040$12,177,427
87$17,789,834$3,129,610$1,556,556$13,243,452
88$19,493,594$3,172,157$1,497,897$14,414,235
89$21,367,646$3,213,299$1,433,782$15,700,401
90$23,429,252$3,252,856$1,363,920$17,113,660
91$25,697,428$3,290,639$1,288,003$18,666,918
92$28,193,127$3,326,441$1,205,713$20,374,399
93$30,939,436$3,360,047$1,116,714$22,251,777
94$33,961,793$3,391,224$1,020,659$24,316,329
95$37,288,226$3,419,724$917,181$26,587,095
96$40,949,618$3,445,284$805,900$29,085,060
97$44,980,000$3,467,623$686,418$31,833,350
98$49,416,866$3,486,443$558,319$34,857,454
99$54,301,533$3,501,426$421,170$38,185,463
100$59,679,527$3,512,233$274,517$41,848,335