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%20%
1 years$152,771$151,410$150,083$148,787$147,522$141,613
2 years$75,629$74,221$72,856$71,532$70,248$64,369
3 years$49,919$48,504$47,142$45,831$44,568$38,905
4 years$37,066$35,656$34,308$33,019$31,787$26,381
5 years$29,356$27,954$26,624$25,362$24,164$19,030
6 years$24,218$22,827$21,516$20,282$19,120$14,261
7 years$20,550$19,170$17,880$16,675$15,550$10,964
8 years$17,799$16,432$15,164$13,988$12,900$8,583
9 years$15,661$14,307$13,061$11,915$10,864$6,809
10 years$13,952$12,611$11,386$10,271$9,256$5,455
11 years$12,554$11,227$10,024$8,939$7,961$4,405
12 years$11,391$10,077$8,896$7,840$6,899$3,578
13 years$10,407$9,106$7,948$6,922$6,016$2,920
14 years$9,564$8,277$7,142$6,144$5,273$2,392
15 years$8,834$7,562$6,448$5,480$4,643$1,966
16 years$8,196$6,938$5,846$4,907$4,104$1,620
17 years$7,634$6,389$5,320$4,408$3,638$1,337
18 years$7,135$5,904$4,856$3,973$3,235$1,105
19 years$6,689$5,472$4,446$3,590$2,884$915
20 years$6,288$5,085$4,080$3,251$2,576$759
21 years$5,925$4,736$3,753$2,951$2,305$629
22 years$5,596$4,421$3,459$2,683$2,066$522
23 years$5,296$4,135$3,194$2,443$1,855$434
24 years$5,022$3,874$2,953$2,229$1,667$361
25 years$4,770$3,636$2,736$2,035$1,500$300
26 years$4,537$3,417$2,537$1,861$1,351$250
27 years$4,322$3,216$2,356$1,703$1,218$208
28 years$4,123$3,030$2,190$1,561$1,099$173
29 years$3,938$2,859$2,038$1,431$993$144
30 years$3,766$2,700$1,898$1,313$897$120
31 years$3,605$2,552$1,770$1,206$811$100
32 years$3,454$2,415$1,651$1,109$733$83
33 years$3,313$2,287$1,542$1,019$664$69
34 years$3,180$2,167$1,441$938$601$58
35 years$3,056$2,056$1,347$863$544$48
36 years$2,938$1,951$1,260$795$493$40
37 years$2,827$1,853$1,179$733$447$33
38 years$2,722$1,761$1,104$675$405$28
39 years$2,623$1,675$1,035$623$367$23
40 years$2,529$1,593$970$574$333$19
41 years$2,440$1,517$909$530$302$16
42 years$2,355$1,444$853$489$274$13
43 years$2,275$1,376$800$451$249$11
44 years$2,198$1,312$751$417$226$9
45 years$2,125$1,251$705$385$205$8
46 years$2,055$1,193$663$356$186$6
47 years$1,989$1,139$622$329$169$5
48 years$1,925$1,087$585$304$154$4
49 years$1,864$1,038$550$281$140$4
50 years$1,806$992$517$259$127$3

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 $6,496 every year, while hoping to spend $47,708 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: 56/27/17 Blend
60$1,850,000$1,850,000$1,850,000$1,850,000
61$2,045,401$1,947,351$1,918,676$2,150,398
62$2,203,271$1,992,010$1,932,190$2,267,216
63$2,375,644$2,037,258$1,944,559$2,388,701
64$2,563,951$2,083,075$1,955,692$2,519,967
65$2,769,763$2,129,435$1,965,497$2,661,961
66$2,994,814$2,176,312$1,973,876$2,815,726
67$3,241,009$2,223,676$1,980,725$2,982,414
68$3,510,449$2,271,493$1,985,937$3,163,292
69$3,805,446$2,319,727$1,989,397$3,359,756
70$4,128,546$2,368,339$1,990,986$3,573,346
71$4,482,553$2,417,282$1,990,580$3,805,758
72$4,870,555$2,466,511$1,988,046$4,058,860
73$5,295,953$2,515,971$1,983,246$4,334,713
74$5,762,492$2,565,606$1,976,037$4,635,586
75$6,274,299$2,615,352$1,966,267$4,963,982
76$6,835,916$2,665,144$1,953,776$5,322,657
77$7,452,351$2,714,907$1,938,398$5,714,651
78$8,129,115$2,764,562$1,919,959$6,143,314
79$8,872,283$2,814,024$1,898,276$6,612,337
80$9,688,545$2,863,200$1,873,158$7,125,790
81$10,585,272$2,911,992$1,844,404$7,688,158
82$11,570,582$2,960,292$1,811,804$8,304,384
83$12,653,421$3,007,986$1,775,138$8,979,918
84$13,843,642$3,054,950$1,734,178$9,720,765
85$15,152,103$3,101,051$1,688,682$10,533,547
86$16,590,763$3,146,149$1,638,399$11,425,560
87$18,172,801$3,190,090$1,583,065$12,404,846
88$19,912,735$3,232,712$1,522,406$13,480,273
89$21,826,561$3,273,842$1,456,133$14,661,611
90$23,931,902$3,313,293$1,383,946$15,959,631
91$26,248,179$3,350,866$1,305,530$17,386,206
92$28,796,785$3,386,351$1,220,557$18,954,421
93$31,601,294$3,419,519$1,128,683$20,678,701
94$34,687,681$3,450,131$1,029,550$22,574,943
95$38,084,566$3,477,929$922,781$24,660,671
96$41,823,484$3,502,639$807,986$26,955,200
97$45,939,181$3,523,971$684,756$29,479,820
98$50,469,946$3,541,613$552,663$32,257,994
99$55,457,964$3,555,236$411,262$35,315,586
100$60,949,724$3,564,490$260,086$38,681,104