Can I retire at age 61 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$155,249$153,866$152,517$151,200$149,914$146,468
2 years$76,856$75,424$74,037$72,692$71,388$67,935
3 years$50,728$49,291$47,907$46,575$45,291$41,940
4 years$37,667$36,234$34,864$33,554$32,302$29,078
5 years$29,832$28,408$27,056$25,773$24,556$21,467
6 years$24,611$23,197$21,865$20,611$19,430$16,481
7 years$20,883$19,481$18,170$16,945$15,802$12,992
8 years$18,088$16,699$15,410$14,215$13,109$10,438
9 years$15,915$14,539$13,272$12,108$11,040$8,505
10 years$14,178$12,816$11,571$10,437$9,406$7,005
11 years$12,758$11,409$10,187$9,084$8,090$5,819
12 years$11,575$10,240$9,041$7,967$7,010$4,867
13 years$10,575$9,254$8,077$7,034$6,113$4,092
14 years$9,719$8,412$7,257$6,244$5,359$3,457
15 years$8,977$7,684$6,553$5,569$4,718$2,930
16 years$8,329$7,050$5,941$4,986$4,170$2,492
17 years$7,758$6,493$5,406$4,480$3,697$2,124
18 years$7,250$6,000$4,935$4,037$3,288$1,815
19 years$6,797$5,560$4,518$3,648$2,930$1,553
20 years$6,390$5,167$4,146$3,304$2,617$1,331
21 years$6,021$4,813$3,814$2,999$2,342$1,143
22 years$5,687$4,493$3,515$2,726$2,100$982
23 years$5,382$4,202$3,245$2,483$1,885$845
24 years$5,103$3,937$3,001$2,265$1,694$727
25 years$4,847$3,695$2,780$2,068$1,524$626
26 years$4,611$3,472$2,578$1,891$1,373$540
27 years$4,392$3,268$2,394$1,731$1,238$465
28 years$4,190$3,079$2,226$1,586$1,117$401
29 years$4,002$2,905$2,071$1,454$1,009$346
30 years$3,827$2,743$1,929$1,335$911$299
31 years$3,663$2,593$1,799$1,226$824$258
32 years$3,510$2,454$1,678$1,127$745$223
33 years$3,367$2,324$1,567$1,036$675$193
34 years$3,232$2,203$1,464$953$611$167
35 years$3,105$2,089$1,369$877$553$144
36 years$2,986$1,983$1,280$808$501$124
37 years$2,873$1,883$1,198$745$454$108
38 years$2,767$1,790$1,122$686$412$93
39 years$2,666$1,702$1,051$633$373$80
40 years$2,570$1,619$985$584$339$69
41 years$2,480$1,541$924$538$307$60
42 years$2,394$1,468$867$497$279$52
43 years$2,312$1,399$813$459$253$45
44 years$2,234$1,333$764$424$230$39
45 years$2,159$1,271$717$391$209$34
46 years$2,089$1,213$673$361$189$29
47 years$2,021$1,157$633$334$172$25
48 years$1,956$1,105$594$308$156$22
49 years$1,895$1,055$559$285$142$19
50 years$1,836$1,008$525$264$129$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,880,000, adding $3,453 every year, while hoping to spend $40,571 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: 26/50/24 Blend
60$1,880,000$1,880,000$1,880,000$1,880,000
61$2,075,322$1,975,682$1,946,542$2,113,476
62$2,243,837$2,029,323$1,968,584$2,198,121
63$2,428,182$2,084,233$1,990,004$2,285,133
64$2,629,927$2,140,431$2,010,740$2,377,639
65$2,850,803$2,197,935$2,030,723$2,476,128
66$3,092,716$2,256,765$2,049,884$2,581,138
67$3,357,765$2,316,939$2,068,147$2,693,261
68$3,648,261$2,378,473$2,085,434$2,813,151
69$3,966,750$2,441,384$2,101,662$2,941,523
70$4,316,035$2,505,689$2,116,744$3,079,169
71$4,699,205$2,571,401$2,130,589$3,226,958
72$5,119,660$2,638,537$2,143,100$3,385,848
73$5,581,147$2,707,107$2,154,176$3,556,896
74$6,087,794$2,777,125$2,163,711$3,741,263
75$6,644,146$2,848,601$2,171,592$3,940,229
76$7,255,211$2,921,544$2,177,702$4,155,206
77$7,926,505$2,995,962$2,181,918$4,387,747
78$8,664,106$3,071,862$2,184,110$4,639,565
79$9,474,708$3,149,247$2,184,141$4,912,547
80$10,365,689$3,228,121$2,181,870$5,208,773
81$11,345,173$3,308,482$2,177,147$5,530,533
82$12,422,113$3,390,331$2,169,814$5,880,354
83$13,606,373$3,473,661$2,159,707$6,261,017
84$14,908,819$3,558,467$2,146,653$6,675,591
85$16,341,425$3,644,738$2,130,472$7,127,455
86$17,917,381$3,732,461$2,110,974$7,620,336
87$19,651,223$3,821,620$2,087,960$8,158,341
88$21,558,964$3,912,195$2,061,223$8,745,997
89$23,658,248$4,004,164$2,030,544$9,388,291
90$25,968,519$4,097,497$1,995,697$10,090,725
91$28,511,196$4,192,163$1,956,441$10,859,360
92$31,309,885$4,288,125$1,912,528$11,700,877
93$34,390,591$4,385,341$1,863,696$12,622,643
94$37,781,973$4,483,765$1,809,672$13,632,775
95$41,515,608$4,583,343$1,750,169$14,740,222
96$45,626,290$4,684,016$1,684,890$15,954,849
97$50,152,358$4,785,719$1,613,520$17,287,529
98$55,136,058$4,888,380$1,535,733$18,750,248
99$60,623,943$4,991,917$1,451,187$20,356,217
100$66,667,309$5,096,245$1,359,525$22,119,999