Can I retire at age 61 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$151,120$149,774$148,460$147,178$145,927$144,223
2 years$74,812$73,418$72,068$70,759$69,489$67,774
3 years$49,379$47,980$46,633$45,336$44,087$42,414
4 years$36,665$35,270$33,937$32,662$31,443$29,825
5 years$29,039$27,652$26,336$25,088$23,902$22,344
6 years$23,956$22,580$21,284$20,063$18,913$17,417
7 years$20,327$18,963$17,687$16,495$15,381$13,947
8 years$17,607$16,255$15,000$13,837$12,760$11,388
9 years$15,492$14,153$12,919$11,786$10,746$9,435
10 years$13,801$12,475$11,263$10,160$9,156$7,906
11 years$12,419$11,106$9,916$8,842$7,875$6,684
12 years$11,267$9,968$8,800$7,756$6,824$5,692
13 years$10,294$9,008$7,862$6,847$5,951$4,875
14 years$9,460$8,188$7,064$6,078$5,216$4,196
15 years$8,739$7,480$6,378$5,421$4,593$3,627
16 years$8,108$6,863$5,783$4,853$4,059$3,145
17 years$7,551$6,320$5,262$4,361$3,599$2,735
18 years$7,058$5,840$4,804$3,930$3,200$2,385
19 years$6,616$5,413$4,398$3,551$2,852$2,084
20 years$6,220$5,030$4,036$3,216$2,548$1,824
21 years$5,861$4,685$3,712$2,919$2,280$1,599
22 years$5,536$4,373$3,421$2,654$2,044$1,404
23 years$5,239$4,090$3,159$2,417$1,835$1,234
24 years$4,967$3,832$2,922$2,204$1,649$1,086
25 years$4,718$3,596$2,706$2,013$1,484$956
26 years$4,488$3,380$2,510$1,841$1,337$843
27 years$4,276$3,181$2,330$1,685$1,205$743
28 years$4,079$2,997$2,166$1,544$1,087$656
29 years$3,896$2,828$2,016$1,416$982$579
30 years$3,725$2,670$1,878$1,299$887$511
31 years$3,566$2,524$1,751$1,193$802$452
32 years$3,417$2,389$1,633$1,097$726$400
33 years$3,277$2,262$1,525$1,008$657$353
34 years$3,146$2,144$1,425$928$594$313
35 years$3,023$2,034$1,332$854$538$277
36 years$2,906$1,930$1,246$787$488$245
37 years$2,797$1,833$1,167$725$442$217
38 years$2,693$1,742$1,092$668$401$192
39 years$2,595$1,657$1,023$616$364$170
40 years$2,502$1,576$959$568$330$150
41 years$2,414$1,500$899$524$299$133
42 years$2,330$1,429$844$484$271$118
43 years$2,250$1,361$792$447$246$105
44 years$2,174$1,298$743$412$224$93
45 years$2,102$1,237$698$381$203$82
46 years$2,033$1,181$655$352$184$73
47 years$1,967$1,127$616$325$167$64
48 years$1,904$1,075$579$300$152$57
49 years$1,844$1,027$544$278$138$51
50 years$1,787$981$511$257$125$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,830,000, adding $3,631 every year, while hoping to spend $42,588 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: 45/32/23 Blend
60$1,830,000$1,830,000$1,830,000$1,830,000
61$2,020,405$1,923,415$1,895,050$2,097,775
62$2,181,173$1,972,349$1,913,221$2,201,644
63$2,356,912$2,022,254$1,930,574$2,309,768
64$2,549,105$2,073,131$1,947,035$2,426,170
65$2,759,381$2,124,983$1,962,529$2,551,640
66$2,989,540$2,177,809$1,976,975$2,687,051
67$3,241,559$2,231,607$1,990,290$2,833,363
68$3,517,617$2,286,375$2,002,383$2,991,635
69$3,820,114$2,342,107$2,013,163$3,163,033
70$4,151,692$2,398,797$2,022,530$3,348,841
71$4,515,261$2,456,435$2,030,382$3,550,476
72$4,914,028$2,515,010$2,036,610$3,769,499
73$5,351,522$2,574,509$2,041,100$4,007,627
74$5,831,634$2,634,916$2,043,733$4,266,756
75$6,358,645$2,696,212$2,044,383$4,548,975
76$6,937,276$2,758,375$2,042,918$4,856,585
77$7,572,723$2,821,381$2,039,201$5,192,122
78$8,270,714$2,885,201$2,033,087$5,558,383
79$9,037,555$2,949,804$2,024,424$5,958,448
80$9,880,195$3,015,154$2,013,052$6,395,715
81$10,806,290$3,081,212$1,998,804$6,873,926
82$11,824,274$3,147,934$1,981,506$7,397,207
83$12,943,438$3,215,271$1,960,975$7,970,108
84$14,174,018$3,283,169$1,937,018$8,597,640
85$15,527,295$3,351,571$1,909,434$9,285,330
86$17,015,692$3,420,411$1,878,013$10,039,267
87$18,652,902$3,489,620$1,842,536$10,866,166
88$20,454,007$3,559,121$1,802,770$11,773,427
89$22,435,628$3,628,830$1,758,475$12,769,205
90$24,616,077$3,698,658$1,709,399$13,862,492
91$27,015,530$3,768,505$1,655,277$15,063,198
92$29,656,219$3,838,267$1,595,833$16,382,246
93$32,562,638$3,907,827$1,530,779$17,831,677
94$35,761,780$3,977,063$1,459,813$19,424,762
95$39,283,383$4,045,840$1,382,618$21,176,129
96$43,160,217$4,114,016$1,298,865$23,101,903
97$47,428,391$4,181,434$1,208,209$25,219,856
98$52,127,693$4,247,930$1,110,289$27,549,578
99$57,301,964$4,313,325$1,004,730$30,112,661
100$62,999,513$4,377,428$891,138$32,932,904