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

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 $1,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$152,771$151,410$150,083$148,787$147,522$144,899
2 years$75,629$74,221$72,856$71,532$70,248$67,615
3 years$49,919$48,504$47,142$45,831$44,568$42,006
4 years$37,066$35,656$34,308$33,019$31,787$29,316
5 years$29,356$27,954$26,624$25,362$24,164$21,791
6 years$24,218$22,827$21,516$20,282$19,120$16,848
7 years$20,550$19,170$17,880$16,675$15,550$13,379
8 years$17,799$16,432$15,164$13,988$12,900$10,830
9 years$15,661$14,307$13,061$11,915$10,864$8,894
10 years$13,952$12,611$11,386$10,271$9,256$7,385
11 years$12,554$11,227$10,024$8,939$7,961$6,185
12 years$11,391$10,077$8,896$7,840$6,899$5,216
13 years$10,407$9,106$7,948$6,922$6,016$4,424
14 years$9,564$8,277$7,142$6,144$5,273$3,770
15 years$8,834$7,562$6,448$5,480$4,643$3,225
16 years$8,196$6,938$5,846$4,907$4,104$2,768
17 years$7,634$6,389$5,320$4,408$3,638$2,382
18 years$7,135$5,904$4,856$3,973$3,235$2,054
19 years$6,689$5,472$4,446$3,590$2,884$1,775
20 years$6,288$5,085$4,080$3,251$2,576$1,537
21 years$5,925$4,736$3,753$2,951$2,305$1,332
22 years$5,596$4,421$3,459$2,683$2,066$1,156
23 years$5,296$4,135$3,194$2,443$1,855$1,004
24 years$5,022$3,874$2,953$2,229$1,667$873
25 years$4,770$3,636$2,736$2,035$1,500$760
26 years$4,537$3,417$2,537$1,861$1,351$662
27 years$4,322$3,216$2,356$1,703$1,218$577
28 years$4,123$3,030$2,190$1,561$1,099$503
29 years$3,938$2,859$2,038$1,431$993$439
30 years$3,766$2,700$1,898$1,313$897$383
31 years$3,605$2,552$1,770$1,206$811$334
32 years$3,454$2,415$1,651$1,109$733$292
33 years$3,313$2,287$1,542$1,019$664$255
34 years$3,180$2,167$1,441$938$601$223
35 years$3,056$2,056$1,347$863$544$194
36 years$2,938$1,951$1,260$795$493$170
37 years$2,827$1,853$1,179$733$447$149
38 years$2,722$1,761$1,104$675$405$130
39 years$2,623$1,675$1,035$623$367$113
40 years$2,529$1,593$970$574$333$99
41 years$2,440$1,517$909$530$302$87
42 years$2,355$1,444$853$489$274$76
43 years$2,275$1,376$800$451$249$66
44 years$2,198$1,312$751$417$226$58
45 years$2,125$1,251$705$385$205$51
46 years$2,055$1,193$663$356$186$44
47 years$1,989$1,139$622$329$169$39
48 years$1,925$1,087$585$304$154$34
49 years$1,864$1,038$550$281$140$30
50 years$1,806$992$517$259$127$26

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 $5,125 every year, while hoping to spend $48,674 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: 50/38/12 Blend
60$1,850,000$1,850,000$1,850,000$1,850,000
61$2,043,986$1,945,936$1,917,261$2,139,315
62$2,200,684$1,989,499$1,929,701$2,248,766
63$2,371,734$2,033,564$1,940,926$2,362,092
64$2,558,548$2,078,106$1,950,844$2,484,136
65$2,762,681$2,123,094$1,959,359$2,615,731
66$2,985,846$2,168,497$1,966,368$2,757,794
67$3,229,926$2,214,277$1,971,766$2,911,337
68$3,496,998$2,260,396$1,975,439$3,077,473
69$3,789,346$2,306,810$1,977,271$3,257,430
70$4,109,487$2,353,471$1,977,136$3,452,560
71$4,460,191$2,400,328$1,974,907$3,664,353
72$4,844,510$2,447,324$1,970,446$3,894,453
73$5,265,806$2,494,398$1,963,612$4,144,667
74$5,727,779$2,541,484$1,954,254$4,416,992
75$6,234,506$2,588,511$1,942,215$4,713,626
76$6,790,478$2,635,400$1,927,332$5,036,992
77$7,400,641$2,682,069$1,909,432$5,389,760
78$8,070,443$2,728,427$1,888,334$5,774,875
79$8,805,886$2,774,377$1,863,850$6,195,581
80$9,613,579$2,819,815$1,835,782$6,655,455
81$10,500,806$2,864,628$1,803,923$7,158,440
82$11,475,590$2,908,696$1,768,056$7,708,880
83$12,546,768$2,951,890$1,727,954$8,311,567
84$13,724,077$2,994,072$1,683,379$8,971,781
85$15,018,244$3,035,092$1,634,084$9,695,343
86$16,441,088$3,074,794$1,579,808$10,488,670
87$18,005,627$3,113,007$1,520,280$11,358,833
88$19,726,207$3,149,551$1,455,215$12,313,631
89$21,618,632$3,184,231$1,384,317$13,361,658
90$23,700,316$3,216,842$1,307,275$14,512,388
91$25,990,444$3,247,162$1,223,764$15,776,264
92$28,510,154$3,274,959$1,133,446$17,164,799
93$31,282,739$3,299,981$1,035,966$18,690,683
94$34,333,861$3,321,963$930,953$20,367,904
95$37,691,796$3,340,620$818,021$22,211,882
96$41,387,701$3,355,652$696,767$24,239,614
97$45,455,906$3,366,738$566,767$26,469,836
98$49,934,237$3,373,537$427,583$28,923,200
99$54,864,375$3,375,686$278,753$31,622,472
100$60,292,248$3,372,802$119,798$34,592,746