Can I retire at age 61 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$156,074$154,684$153,328$152,004$150,711$149,324
2 years$77,265$75,826$74,431$73,079$71,767$70,369
3 years$50,998$49,553$48,162$46,822$45,532$44,167
4 years$37,867$36,427$35,049$33,733$32,474$31,152
5 years$29,991$28,559$27,200$25,910$24,686$23,412
6 years$24,742$23,320$21,981$20,720$19,533$18,308
7 years$20,994$19,585$18,267$17,035$15,886$14,710
8 years$18,184$16,788$15,492$14,291$13,179$12,052
9 years$16,000$14,617$13,343$12,172$11,098$10,021
10 years$14,254$12,884$11,633$10,493$9,456$8,427
11 years$12,826$11,470$10,241$9,132$8,133$7,151
12 years$11,637$10,295$9,089$8,010$7,048$6,113
13 years$10,632$9,303$8,120$7,071$6,146$5,256
14 years$9,771$8,456$7,296$6,277$5,387$4,542
15 years$9,025$7,725$6,587$5,598$4,743$3,941
16 years$8,373$7,088$5,972$5,013$4,192$3,432
17 years$7,799$6,527$5,435$4,504$3,717$2,998
18 years$7,289$6,032$4,961$4,059$3,305$2,625
19 years$6,833$5,590$4,542$3,667$2,946$2,303
20 years$6,424$5,195$4,168$3,322$2,631$2,025
21 years$6,053$4,839$3,834$3,015$2,355$1,783
22 years$5,717$4,517$3,534$2,741$2,111$1,573
23 years$5,411$4,224$3,263$2,496$1,895$1,389
24 years$5,130$3,958$3,017$2,277$1,703$1,227
25 years$4,873$3,714$2,795$2,079$1,532$1,086
26 years$4,635$3,491$2,592$1,901$1,380$962
27 years$4,416$3,285$2,407$1,740$1,245$852
28 years$4,212$3,096$2,237$1,594$1,123$756
29 years$4,023$2,920$2,082$1,462$1,014$670
30 years$3,847$2,758$1,939$1,342$916$595
31 years$3,683$2,607$1,808$1,232$828$529
32 years$3,529$2,467$1,687$1,133$749$470
33 years$3,385$2,336$1,575$1,041$678$417
34 years$3,249$2,214$1,472$958$614$371
35 years$3,122$2,100$1,376$882$556$330
36 years$3,002$1,993$1,287$812$504$294
37 years$2,888$1,893$1,205$749$457$261
38 years$2,781$1,799$1,128$690$414$232
39 years$2,680$1,711$1,057$636$375$207
40 years$2,584$1,628$991$587$341$184
41 years$2,493$1,550$929$541$309$164
42 years$2,406$1,476$871$500$280$146
43 years$2,324$1,406$818$461$254$130
44 years$2,246$1,340$768$426$231$116
45 years$2,171$1,278$721$393$210$103
46 years$2,100$1,219$677$363$190$92
47 years$2,032$1,164$636$336$173$82
48 years$1,967$1,111$598$310$157$73
49 years$1,905$1,061$562$287$143$65
50 years$1,845$1,013$528$265$129$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,890,000, adding $3,168 every year, while hoping to spend $30,736 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: 42/43/15 Blend
60$1,890,000$1,890,000$1,890,000$1,890,000
61$2,086,048$1,985,878$1,956,583$2,164,370
62$2,266,122$2,050,483$1,989,425$2,284,428
63$2,463,533$2,117,224$2,022,338$2,411,076
64$2,680,018$2,186,172$2,055,291$2,547,556
65$2,917,488$2,257,403$2,088,252$2,694,782
66$3,178,050$2,330,993$2,121,186$2,853,759
67$3,464,022$2,407,023$2,154,057$3,025,589
68$3,777,961$2,485,576$2,186,827$3,211,489
69$4,122,681$2,566,737$2,219,453$3,412,792
70$4,501,282$2,650,595$2,251,893$3,630,966
71$4,917,181$2,737,242$2,284,099$3,867,628
72$5,374,139$2,826,773$2,316,022$4,124,554
73$5,876,303$2,919,286$2,347,610$4,403,699
74$6,428,238$3,014,883$2,378,807$4,707,214
75$7,034,975$3,113,670$2,409,554$5,037,466
76$7,702,059$3,215,755$2,439,790$5,397,060
77$8,435,594$3,321,253$2,469,449$5,788,864
78$9,242,310$3,430,280$2,498,460$6,216,034
79$10,129,619$3,542,956$2,526,752$6,682,043
80$11,105,688$3,659,409$2,554,246$7,190,718
81$12,179,516$3,779,768$2,580,861$7,746,269
82$13,361,017$3,904,167$2,606,511$8,353,332
83$14,661,116$4,032,747$2,631,104$9,017,013
84$16,091,849$4,165,650$2,654,545$9,742,932
85$17,666,479$4,303,029$2,676,734$10,537,281
86$19,399,619$4,445,036$2,697,563$11,406,877
87$21,307,370$4,591,833$2,716,922$12,359,227
88$23,407,476$4,743,587$2,734,693$13,402,601
89$25,719,485$4,900,469$2,750,751$14,546,104
90$28,264,938$5,062,658$2,764,968$15,799,769
91$31,067,574$5,230,340$2,777,206$17,174,643
92$34,153,546$5,403,706$2,787,322$18,682,897
93$37,551,675$5,582,955$2,795,164$20,337,937
94$41,293,718$5,768,293$2,800,575$22,154,530
95$45,414,672$5,959,933$2,803,388$24,148,942
96$49,953,095$6,158,097$2,803,429$26,339,096
97$54,951,481$6,363,014$2,800,514$28,744,733
98$60,456,652$6,574,922$2,794,451$31,387,602
99$66,520,205$6,794,067$2,785,039$34,291,664
100$73,198,994$7,020,705$2,772,067$37,483,317