Can I retire at age 61 with 1,850,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$152,771$151,410$150,083$148,787$147,522$146,286
2 years$75,629$74,221$72,856$71,532$70,248$69,003
3 years$49,919$48,504$47,142$45,831$44,568$43,352
4 years$37,066$35,656$34,308$33,019$31,787$30,608
5 years$29,356$27,954$26,624$25,362$24,164$23,027
6 years$24,218$22,827$21,516$20,282$19,120$18,026
7 years$20,550$19,170$17,880$16,675$15,550$14,499
8 years$17,799$16,432$15,164$13,988$12,900$11,893
9 years$15,661$14,307$13,061$11,915$10,864$9,900
10 years$13,952$12,611$11,386$10,271$9,256$8,336
11 years$12,554$11,227$10,024$8,939$7,961$7,082
12 years$11,391$10,077$8,896$7,840$6,899$6,062
13 years$10,407$9,106$7,948$6,922$6,016$5,219
14 years$9,564$8,277$7,142$6,144$5,273$4,516
15 years$8,834$7,562$6,448$5,480$4,643$3,924
16 years$8,196$6,938$5,846$4,907$4,104$3,422
17 years$7,634$6,389$5,320$4,408$3,638$2,993
18 years$7,135$5,904$4,856$3,973$3,235$2,624
19 years$6,689$5,472$4,446$3,590$2,884$2,306
20 years$6,288$5,085$4,080$3,251$2,576$2,030
21 years$5,925$4,736$3,753$2,951$2,305$1,791
22 years$5,596$4,421$3,459$2,683$2,066$1,581
23 years$5,296$4,135$3,194$2,443$1,855$1,398
24 years$5,022$3,874$2,953$2,229$1,667$1,238
25 years$4,770$3,636$2,736$2,035$1,500$1,097
26 years$4,537$3,417$2,537$1,861$1,351$973
27 years$4,322$3,216$2,356$1,703$1,218$864
28 years$4,123$3,030$2,190$1,561$1,099$767
29 years$3,938$2,859$2,038$1,431$993$682
30 years$3,766$2,700$1,898$1,313$897$606
31 years$3,605$2,552$1,770$1,206$811$539
32 years$3,454$2,415$1,651$1,109$733$480
33 years$3,313$2,287$1,542$1,019$664$427
34 years$3,180$2,167$1,441$938$601$380
35 years$3,056$2,056$1,347$863$544$339
36 years$2,938$1,951$1,260$795$493$302
37 years$2,827$1,853$1,179$733$447$269
38 years$2,722$1,761$1,104$675$405$240
39 years$2,623$1,675$1,035$623$367$214
40 years$2,529$1,593$970$574$333$191
41 years$2,440$1,517$909$530$302$170
42 years$2,355$1,444$853$489$274$152
43 years$2,275$1,376$800$451$249$135
44 years$2,198$1,312$751$417$226$121
45 years$2,125$1,251$705$385$205$108
46 years$2,055$1,193$663$356$186$96
47 years$1,989$1,139$622$329$169$86
48 years$1,925$1,087$585$304$154$77
49 years$1,864$1,038$550$281$140$68
50 years$1,806$992$517$259$127$61

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,850,000, adding $2,363 every year, while hoping to spend $25,822 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: 56/23/21 Blend
60$1,850,000$1,850,000$1,850,000$1,850,000
61$2,041,137$1,943,087$1,914,412$2,143,746
62$2,221,859$2,010,824$1,951,071$2,281,828
63$2,420,149$2,081,015$1,988,092$2,429,232
64$2,637,771$2,153,752$2,025,460$2,589,258
65$2,876,671$2,229,132$2,063,160$2,763,126
66$3,138,988$2,307,257$2,101,173$2,952,178
67$3,427,082$2,388,229$2,139,479$3,157,890
68$3,743,551$2,472,159$2,178,058$3,381,889
69$4,091,257$2,559,159$2,216,887$3,625,961
70$4,473,353$2,649,346$2,255,941$3,892,078
71$4,893,315$2,742,844$2,295,195$4,182,406
72$5,354,969$2,839,779$2,334,619$4,499,331
73$5,862,531$2,940,283$2,374,184$4,845,483
74$6,420,647$3,044,495$2,413,857$5,223,753
75$7,034,435$3,152,557$2,453,604$5,637,327
76$7,709,535$3,264,620$2,493,387$6,089,714
77$8,452,158$3,380,837$2,533,166$6,584,776
78$9,269,152$3,501,372$2,572,901$7,126,768
79$10,168,057$3,626,390$2,612,544$7,720,375
80$11,157,184$3,756,069$2,652,050$8,370,757
81$12,245,689$3,890,589$2,691,366$9,083,598
82$13,443,662$4,030,140$2,730,440$9,865,159
83$14,762,219$4,174,921$2,769,213$10,722,335
84$16,213,609$4,325,135$2,807,625$11,662,721
85$17,811,329$4,480,998$2,845,612$12,694,684
86$19,570,249$4,642,732$2,883,105$13,827,441
87$21,506,758$4,810,569$2,920,032$15,071,145
88$23,638,911$4,984,751$2,956,317$16,436,982
89$25,986,606$5,165,530$2,991,880$17,937,272
90$28,571,766$5,353,167$3,026,634$19,585,591
91$31,418,550$5,547,936$3,060,490$21,396,894
92$34,553,579$5,750,122$3,093,353$23,387,657
93$38,006,186$5,960,020$3,125,122$25,576,032
94$41,808,695$6,177,939$3,155,693$27,982,020
95$45,996,726$6,404,202$3,184,952$30,627,654
96$50,609,527$6,639,143$3,212,783$33,537,212
97$55,690,350$6,883,113$3,239,063$36,737,443
98$61,286,855$7,136,474$3,263,660$40,257,818
99$67,451,559$7,399,606$3,286,438$44,130,810
100$74,242,337$7,672,906$3,307,253$48,392,197