Can I retire at age 61 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$150,294$148,955$147,649$146,374$145,129$140,315
2 years$74,403$73,017$71,674$70,372$69,109$64,306
3 years$49,109$47,718$46,378$45,088$43,846$39,204
4 years$36,465$35,077$33,751$32,483$31,271$26,826
5 years$28,880$27,501$26,192$24,950$23,772$19,536
6 years$23,825$22,457$21,167$19,953$18,810$14,786
7 years$20,216$18,859$17,590$16,405$15,297$11,485
8 years$17,511$16,166$14,918$13,761$12,691$9,088
9 years$15,407$14,075$12,849$11,722$10,687$7,289
10 years$13,726$12,407$11,202$10,104$9,106$5,907
11 years$12,351$11,045$9,862$8,794$7,832$4,826
12 years$11,206$9,913$8,752$7,713$6,787$3,967
13 years$10,238$8,959$7,820$6,810$5,918$3,278
14 years$9,409$8,143$7,026$6,045$5,188$2,719
15 years$8,691$7,439$6,343$5,391$4,568$2,264
16 years$8,063$6,825$5,751$4,827$4,037$1,889
17 years$7,510$6,286$5,233$4,337$3,579$1,580
18 years$7,019$5,808$4,777$3,908$3,183$1,324
19 years$6,580$5,383$4,373$3,532$2,837$1,112
20 years$6,186$5,002$4,014$3,199$2,534$934
21 years$5,829$4,659$3,692$2,903$2,268$786
22 years$5,505$4,349$3,403$2,639$2,033$662
23 years$5,210$4,068$3,142$2,404$1,825$558
24 years$4,940$3,811$2,906$2,192$1,640$470
25 years$4,692$3,577$2,691$2,002$1,476$397
26 years$4,464$3,362$2,496$1,831$1,329$335
27 years$4,252$3,164$2,318$1,676$1,198$283
28 years$4,056$2,981$2,155$1,535$1,081$239
29 years$3,874$2,812$2,005$1,408$976$202
30 years$3,705$2,656$1,868$1,292$882$170
31 years$3,546$2,511$1,741$1,187$798$144
32 years$3,398$2,376$1,624$1,091$722$122
33 years$3,259$2,250$1,517$1,003$653$103
34 years$3,129$2,132$1,417$923$591$87
35 years$3,006$2,022$1,325$849$535$74
36 years$2,891$1,920$1,239$782$485$62
37 years$2,781$1,823$1,160$721$440$53
38 years$2,678$1,733$1,086$664$399$45
39 years$2,581$1,648$1,018$613$362$38
40 years$2,488$1,568$954$565$328$32
41 years$2,400$1,492$895$521$297$27
42 years$2,317$1,421$839$481$270$23
43 years$2,238$1,354$787$444$245$19
44 years$2,162$1,291$739$410$222$16
45 years$2,091$1,231$694$379$202$14
46 years$2,022$1,174$652$350$183$12
47 years$1,957$1,120$612$323$166$10
48 years$1,894$1,070$575$299$151$8
49 years$1,834$1,021$541$276$137$7
50 years$1,777$976$509$255$125$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,820,000, adding $2,589 every year, while hoping to spend $31,583 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: 48/25/27 Blend
60$1,820,000$1,820,000$1,820,000$1,820,000
61$2,008,311$1,911,851$1,883,641$2,089,132
62$2,179,554$1,971,927$1,913,138$2,206,247
63$2,367,206$2,033,889$1,942,566$2,330,043
64$2,572,907$2,097,795$1,971,887$2,463,869
65$2,798,462$2,163,706$2,001,065$2,608,685
66$3,045,863$2,231,685$2,030,058$2,765,550
67$3,317,300$2,301,797$2,058,824$2,935,627
68$3,615,188$2,374,108$2,087,318$3,120,199
69$3,942,185$2,448,688$2,115,491$3,320,677
70$4,301,221$2,525,606$2,143,293$3,538,615
71$4,695,522$2,604,937$2,170,670$3,775,724
72$5,128,642$2,686,756$2,197,564$4,033,887
73$5,604,497$2,771,141$2,223,916$4,315,180
74$6,127,400$2,858,171$2,249,662$4,621,887
75$6,702,104$2,947,931$2,274,734$4,956,526
76$7,333,843$3,040,504$2,299,062$5,321,868
77$8,028,386$3,135,979$2,322,572$5,720,967
78$8,792,086$3,234,447$2,345,183$6,157,185
79$9,631,945$3,336,001$2,366,813$6,634,227
80$10,555,677$3,440,738$2,387,374$7,156,175
81$11,571,779$3,548,758$2,406,774$7,727,524
82$12,689,615$3,660,162$2,424,916$8,353,227
83$13,919,503$3,775,056$2,441,697$9,038,740
84$15,272,808$3,893,550$2,457,010$9,790,076
85$16,762,057$4,015,756$2,470,742$10,613,856
86$18,401,049$4,141,790$2,482,774$11,517,379
87$20,204,989$4,271,772$2,492,981$12,508,683
88$22,190,633$4,405,824$2,501,231$13,596,628
89$24,376,442$4,544,073$2,507,386$14,790,974
90$26,782,758$4,686,652$2,511,303$16,102,475
91$29,431,996$4,833,694$2,512,828$17,542,980
92$32,348,854$4,985,339$2,511,802$19,125,547
93$35,560,547$5,141,731$2,508,057$20,864,561
94$39,097,064$5,303,018$2,501,419$22,775,877
95$42,991,451$5,469,352$2,491,703$24,876,962
96$47,280,119$5,640,890$2,478,715$27,187,065
97$52,003,193$5,817,796$2,462,254$29,727,396
98$57,204,887$6,000,235$2,442,107$32,521,327
99$62,933,920$6,188,382$2,418,052$35,594,612
100$69,243,980$6,382,412$2,389,857$38,975,633