Can I retire at age 61 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$153,597$152,229$150,894$149,591$148,319$144,499
2 years$76,038$74,622$73,250$71,919$70,628$66,805
3 years$50,189$48,766$47,397$46,079$44,809$41,103
4 years$37,266$35,848$34,493$33,197$31,958$28,397
5 years$29,515$28,106$26,768$25,499$24,294$20,887
6 years$24,349$22,950$21,633$20,392$19,223$15,974
7 years$20,661$19,274$17,977$16,765$15,634$12,543
8 years$17,896$16,521$15,246$14,064$12,970$10,036
9 years$15,746$14,385$13,131$11,979$10,922$8,143
10 years$14,027$12,679$11,448$10,326$9,306$6,678
11 years$12,622$11,288$10,079$8,987$8,004$5,523
12 years$11,452$10,131$8,945$7,883$6,936$4,598
13 years$10,463$9,156$7,991$6,959$6,048$3,848
14 years$9,615$8,322$7,180$6,178$5,302$3,235
15 years$8,882$7,602$6,483$5,509$4,668$2,729
16 years$8,241$6,975$5,878$4,933$4,126$2,309
17 years$7,675$6,424$5,348$4,432$3,658$1,958
18 years$7,173$5,936$4,882$3,994$3,253$1,664
19 years$6,725$5,501$4,470$3,609$2,899$1,417
20 years$6,322$5,112$4,102$3,269$2,590$1,208
21 years$5,957$4,762$3,773$2,967$2,317$1,032
22 years$5,626$4,445$3,477$2,697$2,077$882
23 years$5,325$4,157$3,211$2,457$1,865$754
24 years$5,049$3,895$2,969$2,241$1,676$645
25 years$4,795$3,655$2,750$2,046$1,508$553
26 years$4,562$3,435$2,551$1,871$1,358$474
27 years$4,346$3,233$2,369$1,713$1,225$406
28 years$4,146$3,047$2,202$1,569$1,105$348
29 years$3,959$2,874$2,049$1,439$998$299
30 years$3,786$2,714$1,909$1,321$902$257
31 years$3,624$2,566$1,779$1,213$815$220
32 years$3,473$2,428$1,660$1,115$737$189
33 years$3,331$2,299$1,550$1,025$667$163
34 years$3,198$2,179$1,448$943$604$140
35 years$3,072$2,067$1,354$868$547$120
36 years$2,954$1,962$1,267$800$496$103
37 years$2,843$1,863$1,186$737$449$89
38 years$2,737$1,771$1,110$679$407$76
39 years$2,637$1,684$1,040$626$369$65
40 years$2,543$1,602$975$577$335$56
41 years$2,453$1,525$914$533$304$48
42 years$2,368$1,452$858$492$276$42
43 years$2,287$1,384$805$454$250$36
44 years$2,210$1,319$755$419$227$31
45 years$2,136$1,258$709$387$206$26
46 years$2,066$1,200$666$358$187$23
47 years$2,000$1,145$626$330$170$20
48 years$1,936$1,093$588$305$154$17
49 years$1,874$1,044$553$282$140$14
50 years$1,816$997$520$261$127$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,860,000, adding $2,712 every year, while hoping to spend $24,616 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: 31/43/26 Blend
60$1,860,000$1,860,000$1,860,000$1,860,000
61$2,052,517$1,953,937$1,925,107$2,099,667
62$2,235,683$2,023,489$1,963,407$2,205,685
63$2,436,706$2,095,624$2,002,165$2,317,361
64$2,657,383$2,170,442$2,041,370$2,437,084
65$2,899,691$2,248,049$2,081,011$2,565,573
66$3,165,809$2,328,553$2,121,075$2,703,618
67$3,458,137$2,412,067$2,161,546$2,852,087
68$3,779,319$2,498,710$2,202,410$3,011,931
69$4,132,268$2,588,605$2,243,649$3,184,197
70$4,520,192$2,681,880$2,285,244$3,370,033
71$4,946,628$2,778,668$2,327,176$3,570,702
72$5,415,469$2,879,108$2,369,421$3,787,592
73$5,931,007$2,983,345$2,411,957$4,022,227
74$6,497,970$3,091,528$2,454,758$4,276,283
75$7,121,565$3,203,816$2,497,795$4,551,604
76$7,807,533$3,320,371$2,541,039$4,850,214
77$8,562,196$3,441,364$2,584,458$5,174,344
78$9,392,520$3,566,971$2,628,018$5,526,443
79$10,306,183$3,697,378$2,671,682$5,909,207
80$11,311,641$3,832,777$2,715,411$6,325,602
81$12,418,215$3,973,370$2,759,163$6,778,892
82$13,636,171$4,119,363$2,802,894$7,272,666
83$14,976,825$4,270,977$2,846,556$7,810,875
84$16,452,644$4,428,437$2,890,097$8,397,867
85$18,077,363$4,591,980$2,933,466$9,038,427
86$19,866,121$4,761,853$2,976,603$9,737,822
87$21,835,595$4,938,314$3,019,449$10,501,849
88$24,004,163$5,121,629$3,061,938$11,336,891
89$26,392,078$5,312,079$3,104,004$12,249,974
90$29,021,655$5,509,955$3,145,572$13,248,832
91$31,917,481$5,715,561$3,186,567$14,341,984
92$35,106,655$5,929,214$3,226,907$15,538,806
93$38,619,032$6,151,244$3,266,506$16,849,624
94$42,487,513$6,381,995$3,305,275$18,285,810
95$46,748,354$6,621,827$3,343,116$19,859,884
96$51,441,505$6,871,115$3,379,929$21,585,638
97$56,610,989$7,130,251$3,415,607$23,478,257
98$62,305,317$7,399,641$3,450,038$25,554,470
99$68,577,948$7,679,711$3,483,102$27,832,696
100$75,487,787$7,970,906$3,514,675$30,333,228