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%18%
1 years$152,771$151,410$150,083$148,787$147,522$142,742
2 years$75,629$74,221$72,856$71,532$70,248$65,478
3 years$49,919$48,504$47,142$45,831$44,568$39,957
4 years$37,066$35,656$34,308$33,019$31,787$27,369
5 years$29,356$27,954$26,624$25,362$24,164$19,952
6 years$24,218$22,827$21,516$20,282$19,120$15,118
7 years$20,550$19,170$17,880$16,675$15,550$11,757
8 years$17,799$16,432$15,164$13,988$12,900$9,313
9 years$15,661$14,307$13,061$11,915$10,864$7,479
10 years$13,952$12,611$11,386$10,271$9,256$6,069
11 years$12,554$11,227$10,024$8,939$7,961$4,964
12 years$11,391$10,077$8,896$7,840$6,899$4,086
13 years$10,407$9,106$7,948$6,922$6,016$3,381
14 years$9,564$8,277$7,142$6,144$5,273$2,809
15 years$8,834$7,562$6,448$5,480$4,643$2,341
16 years$8,196$6,938$5,846$4,907$4,104$1,957
17 years$7,634$6,389$5,320$4,408$3,638$1,639
18 years$7,135$5,904$4,856$3,973$3,235$1,376
19 years$6,689$5,472$4,446$3,590$2,884$1,157
20 years$6,288$5,085$4,080$3,251$2,576$973
21 years$5,925$4,736$3,753$2,951$2,305$820
22 years$5,596$4,421$3,459$2,683$2,066$692
23 years$5,296$4,135$3,194$2,443$1,855$584
24 years$5,022$3,874$2,953$2,229$1,667$493
25 years$4,770$3,636$2,736$2,035$1,500$417
26 years$4,537$3,417$2,537$1,861$1,351$352
27 years$4,322$3,216$2,356$1,703$1,218$298
28 years$4,123$3,030$2,190$1,561$1,099$252
29 years$3,938$2,859$2,038$1,431$993$213
30 years$3,766$2,700$1,898$1,313$897$180
31 years$3,605$2,552$1,770$1,206$811$153
32 years$3,454$2,415$1,651$1,109$733$129
33 years$3,313$2,287$1,542$1,019$664$110
34 years$3,180$2,167$1,441$938$601$93
35 years$3,056$2,056$1,347$863$544$79
36 years$2,938$1,951$1,260$795$493$67
37 years$2,827$1,853$1,179$733$447$56
38 years$2,722$1,761$1,104$675$405$48
39 years$2,623$1,675$1,035$623$367$40
40 years$2,529$1,593$970$574$333$34
41 years$2,440$1,517$909$530$302$29
42 years$2,355$1,444$853$489$274$25
43 years$2,275$1,376$800$451$249$21
44 years$2,198$1,312$751$417$226$18
45 years$2,125$1,251$705$385$205$15
46 years$2,055$1,193$663$356$186$13
47 years$1,989$1,139$622$329$169$11
48 years$1,925$1,087$585$304$154$9
49 years$1,864$1,038$550$281$140$8
50 years$1,806$992$517$259$127$7

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 $4,514 every year, while hoping to spend $40,822 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: 46/33/21 Blend
60$1,850,000$1,850,000$1,850,000$1,850,000
61$2,043,356$1,945,306$1,916,631$2,124,874
62$2,208,344$1,997,192$1,937,404$2,234,352
63$2,388,793$2,050,252$1,957,505$2,348,651
64$2,586,236$2,104,500$1,976,867$2,471,820
65$2,802,363$2,159,951$1,995,423$2,604,703
66$3,039,032$2,216,618$2,013,098$2,748,234
67$3,298,294$2,274,512$2,029,817$2,903,437
68$3,582,402$2,333,646$2,045,499$3,071,443
69$3,893,842$2,394,029$2,060,057$3,253,496
70$4,235,348$2,455,671$2,073,403$3,450,967
71$4,609,934$2,518,579$2,085,443$3,665,365
72$5,020,920$2,582,762$2,096,078$3,898,355
73$5,471,960$2,648,224$2,105,203$4,151,769
74$5,967,082$2,714,969$2,112,710$4,427,625
75$6,510,722$2,783,000$2,118,483$4,728,149
76$7,107,765$2,852,316$2,122,401$5,055,792
77$7,763,594$2,922,917$2,124,339$5,413,254
78$8,484,140$2,994,799$2,124,163$5,803,510
79$9,275,934$3,067,956$2,121,734$6,229,842
80$10,146,172$3,142,379$2,116,906$6,695,861
81$11,102,785$3,218,058$2,109,525$7,205,550
82$12,154,505$3,294,979$2,099,430$7,763,298
83$13,310,956$3,373,125$2,086,453$8,373,940
84$14,582,741$3,452,476$2,070,417$9,042,806
85$15,981,542$3,533,008$2,051,137$9,775,769
86$17,520,228$3,614,694$2,028,419$10,579,302
87$19,212,980$3,697,503$2,002,059$11,460,539
88$21,075,422$3,781,399$1,971,846$12,427,341
89$23,124,769$3,866,341$1,937,557$13,488,373
90$25,379,988$3,952,284$1,898,957$14,653,184
91$27,861,979$4,039,178$1,855,805$15,932,298
92$30,593,769$4,126,967$1,807,843$17,337,314
93$33,600,734$4,215,588$1,754,806$18,881,014
94$36,910,830$4,304,973$1,696,413$20,577,489
95$40,554,865$4,395,047$1,632,373$22,442,264
96$44,566,784$4,485,728$1,562,381$24,492,453
97$48,983,992$4,576,924$1,486,116$26,746,916
98$53,847,703$4,668,538$1,403,245$29,226,441
99$59,203,335$4,760,462$1,313,420$31,953,937
100$65,100,931$4,852,580$1,216,275$34,954,653