Can I retire at age 61 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$156,900$155,503$154,139$152,808$151,509$145,843
2 years$77,673$76,227$74,825$73,465$72,147$66,504
3 years$51,268$49,815$48,417$47,070$45,773$40,330
4 years$38,068$36,619$35,235$33,911$32,646$27,444
5 years$30,150$28,710$27,344$26,047$24,817$19,870
6 years$24,873$23,444$22,098$20,830$19,637$14,948
7 years$21,105$19,688$18,363$17,126$15,970$11,539
8 years$18,280$16,876$15,574$14,366$13,249$9,071
9 years$16,085$14,694$13,414$12,237$11,157$7,226
10 years$14,329$12,952$11,694$10,548$9,506$5,816
11 years$12,894$11,530$10,295$9,180$8,176$4,717
12 years$11,698$10,349$9,137$8,052$7,085$3,850
13 years$10,688$9,353$8,163$7,109$6,178$3,157
14 years$9,822$8,501$7,335$6,310$5,416$2,599
15 years$9,073$7,766$6,622$5,628$4,769$2,147
16 years$8,418$7,125$6,004$5,039$4,214$1,777
17 years$7,840$6,562$5,463$4,528$3,737$1,475
18 years$7,328$6,064$4,987$4,080$3,323$1,226
19 years$6,869$5,620$4,566$3,687$2,962$1,020
20 years$6,457$5,222$4,190$3,339$2,645$850
21 years$6,085$4,864$3,854$3,031$2,367$709
22 years$5,747$4,540$3,552$2,755$2,122$592
23 years$5,439$4,247$3,280$2,509$1,905$495
24 years$5,157$3,979$3,033$2,289$1,712$413
25 years$4,898$3,734$2,809$2,090$1,541$346
26 years$4,660$3,509$2,606$1,911$1,388$289
27 years$4,439$3,303$2,420$1,749$1,251$242
28 years$4,235$3,112$2,249$1,603$1,129$203
29 years$4,045$2,936$2,093$1,470$1,019$170
30 years$3,868$2,773$1,950$1,349$921$142
31 years$3,702$2,621$1,818$1,239$833$119
32 years$3,548$2,480$1,696$1,139$753$100
33 years$3,403$2,349$1,583$1,047$682$83
34 years$3,266$2,226$1,479$963$617$70
35 years$3,138$2,111$1,383$887$559$59
36 years$3,018$2,004$1,294$817$507$49
37 years$2,904$1,903$1,211$752$459$41
38 years$2,796$1,809$1,134$694$416$34
39 years$2,694$1,720$1,063$640$377$29
40 years$2,598$1,636$996$590$342$24
41 years$2,506$1,558$934$544$311$20
42 years$2,419$1,484$876$502$282$17
43 years$2,336$1,414$822$464$256$14
44 years$2,257$1,347$772$428$232$12
45 years$2,182$1,285$725$395$211$10
46 years$2,111$1,226$681$365$191$8
47 years$2,043$1,170$639$337$174$7
48 years$1,977$1,117$601$312$158$6
49 years$1,915$1,066$565$288$143$5
50 years$1,855$1,019$531$266$130$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,900,000, adding $3,987 every year, while hoping to spend $23,687 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: 29/48/23 Blend
60$1,900,000$1,900,000$1,900,000$1,900,000
61$2,097,913$1,997,213$1,967,763$2,143,584
62$2,286,697$2,069,873$2,008,480$2,251,963
63$2,493,943$2,145,300$2,049,767$2,366,037
64$2,721,510$2,223,604$2,091,619$2,488,188
65$2,971,444$2,304,901$2,134,028$2,619,129
66$3,245,999$2,389,309$2,176,986$2,759,637
67$3,547,661$2,476,955$2,220,485$2,910,568
68$3,879,165$2,567,969$2,264,514$3,072,859
69$4,243,526$2,662,486$2,309,061$3,247,540
70$4,644,066$2,760,647$2,354,115$3,435,741
71$5,084,443$2,862,602$2,399,660$3,638,701
72$5,568,690$2,968,502$2,445,682$3,857,783
73$6,101,246$3,078,509$2,492,163$4,094,482
74$6,687,007$3,192,790$2,539,084$4,350,444
75$7,331,364$3,311,519$2,586,426$4,627,473
76$8,040,257$3,434,877$2,634,165$4,927,555
77$8,820,232$3,563,055$2,682,278$5,252,870
78$9,678,500$3,696,248$2,730,738$5,605,817
79$10,623,007$3,834,665$2,779,518$5,989,033
80$11,662,509$3,978,519$2,828,587$6,405,416
81$12,806,653$4,128,034$2,877,913$6,858,154
82$14,066,068$4,283,444$2,927,459$7,350,755
83$15,452,467$4,444,993$2,977,190$7,887,075
84$16,978,757$4,612,936$3,027,063$8,471,356
85$18,659,157$4,787,537$3,077,037$9,108,268
86$20,509,338$4,969,073$3,127,065$9,802,947
87$22,546,566$5,157,833$3,177,097$10,561,043
88$24,789,868$5,354,119$3,227,082$11,388,778
89$27,260,208$5,558,245$3,276,963$12,292,996
90$29,980,689$5,770,539$3,326,681$13,281,231
91$32,976,767$5,991,343$3,376,173$14,361,777
92$36,276,494$6,221,015$3,425,371$15,543,761
93$39,910,780$6,459,928$3,474,204$16,837,234
94$43,913,686$6,708,472$3,522,597$18,253,259
95$48,322,748$6,967,052$3,570,470$19,804,017
96$53,179,324$7,236,094$3,617,736$21,502,919
97$58,528,992$7,516,040$3,664,308$23,364,733
98$64,421,976$7,807,352$3,710,089$25,405,720
99$70,913,619$8,110,514$3,754,978$27,643,786
100$78,064,909$8,426,030$3,798,871$30,098,649