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%16.8%
1 years$156,900$155,503$154,139$152,808$151,509$147,308
2 years$77,673$76,227$74,825$73,465$72,147$67,947
3 years$51,268$49,815$48,417$47,070$45,773$41,704
4 years$38,068$36,619$35,235$33,911$32,646$28,740
5 years$30,150$28,710$27,344$26,047$24,817$21,084
6 years$24,873$23,444$22,098$20,830$19,637$16,081
7 years$21,105$19,688$18,363$17,126$15,970$12,591
8 years$18,280$16,876$15,574$14,366$13,249$10,045
9 years$16,085$14,694$13,414$12,237$11,157$8,126
10 years$14,329$12,952$11,694$10,548$9,506$6,643
11 years$12,894$11,530$10,295$9,180$8,176$5,476
12 years$11,698$10,349$9,137$8,052$7,085$4,544
13 years$10,688$9,353$8,163$7,109$6,178$3,790
14 years$9,822$8,501$7,335$6,310$5,416$3,175
15 years$9,073$7,766$6,622$5,628$4,769$2,669
16 years$8,418$7,125$6,004$5,039$4,214$2,250
17 years$7,840$6,562$5,463$4,528$3,737$1,902
18 years$7,328$6,064$4,987$4,080$3,323$1,610
19 years$6,869$5,620$4,566$3,687$2,962$1,366
20 years$6,457$5,222$4,190$3,339$2,645$1,160
21 years$6,085$4,864$3,854$3,031$2,367$987
22 years$5,747$4,540$3,552$2,755$2,122$840
23 years$5,439$4,247$3,280$2,509$1,905$716
24 years$5,157$3,979$3,033$2,289$1,712$610
25 years$4,898$3,734$2,809$2,090$1,541$521
26 years$4,660$3,509$2,606$1,911$1,388$444
27 years$4,439$3,303$2,420$1,749$1,251$379
28 years$4,235$3,112$2,249$1,603$1,129$324
29 years$4,045$2,936$2,093$1,470$1,019$277
30 years$3,868$2,773$1,950$1,349$921$237
31 years$3,702$2,621$1,818$1,239$833$202
32 years$3,548$2,480$1,696$1,139$753$173
33 years$3,403$2,349$1,583$1,047$682$148
34 years$3,266$2,226$1,479$963$617$127
35 years$3,138$2,111$1,383$887$559$108
36 years$3,018$2,004$1,294$817$507$93
37 years$2,904$1,903$1,211$752$459$79
38 years$2,796$1,809$1,134$694$416$68
39 years$2,694$1,720$1,063$640$377$58
40 years$2,598$1,636$996$590$342$50
41 years$2,506$1,558$934$544$311$43
42 years$2,419$1,484$876$502$282$36
43 years$2,336$1,414$822$464$256$31
44 years$2,257$1,347$772$428$232$27
45 years$2,182$1,285$725$395$211$23
46 years$2,111$1,226$681$365$191$20
47 years$2,043$1,170$639$337$174$17
48 years$1,977$1,117$601$312$158$14
49 years$1,915$1,066$565$288$143$12
50 years$1,855$1,019$531$266$130$11

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 $6,546 every year, while hoping to spend $50,756 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: 76/12/12 Blend
60$1,900,000$1,900,000$1,900,000$1,900,000
61$2,100,552$1,999,852$1,970,402$2,254,775
62$2,260,805$2,043,841$1,982,407$2,401,327
63$2,435,701$2,088,284$1,993,112$2,554,877
64$2,626,683$2,133,150$2,002,422$2,721,784
65$2,835,335$2,178,405$2,010,233$2,903,358
66$3,063,402$2,224,010$2,016,439$3,101,042
67$3,312,807$2,269,924$2,020,927$3,316,428
68$3,585,664$2,316,101$2,023,579$3,551,267
69$3,884,304$2,362,492$2,024,271$3,807,488
70$4,211,291$2,409,042$2,022,872$4,087,218
71$4,569,451$2,455,693$2,019,246$4,392,797
72$4,961,894$2,502,381$2,013,250$4,726,806
73$5,392,047$2,549,037$2,004,734$5,092,087
74$5,863,682$2,595,587$1,993,539$5,491,772
75$6,380,957$2,641,950$1,979,502$5,929,311
76$6,948,447$2,688,038$1,962,448$6,408,504
77$7,571,195$2,733,759$1,942,196$6,933,542
78$8,254,755$2,779,011$1,918,558$7,509,038
79$9,005,244$2,823,686$1,891,333$8,140,079
80$9,829,401$2,867,668$1,860,315$8,832,269
81$10,734,648$2,910,833$1,825,284$9,591,780
82$11,729,165$2,953,046$1,786,013$10,425,419
83$12,821,959$2,994,164$1,742,264$11,340,683
84$14,022,955$3,034,035$1,693,786$12,345,833
85$15,343,087$3,072,493$1,640,319$13,449,974
86$16,794,401$3,109,364$1,581,589$14,663,140
87$18,390,168$3,144,461$1,517,310$15,996,386
88$20,145,009$3,177,585$1,447,184$17,461,896
89$22,075,035$3,208,520$1,370,899$19,073,097
90$24,197,992$3,237,042$1,288,129$20,844,786
91$26,533,438$3,262,908$1,198,531$22,793,266
92$29,102,917$3,285,859$1,101,751$24,936,509
93$31,930,170$3,305,621$997,415$27,294,314
94$35,041,353$3,321,903$885,134$29,888,506
95$38,465,288$3,334,393$764,503$32,743,133
96$42,233,730$3,342,761$635,097$35,884,697
97$46,381,671$3,346,656$496,472$39,342,405
98$50,947,664$3,345,705$348,167$43,148,443
99$55,974,193$3,339,512$189,698$47,338,283
100$61,508,069$3,327,656$20,561$51,951,015