Can I retire at age 61 with 1,910,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$157,726$156,321$154,950$153,612$152,306$146,727
2 years$78,082$76,628$75,219$73,852$72,527$66,968
3 years$51,538$50,077$48,671$47,318$46,014$40,650
4 years$38,268$36,812$35,420$34,090$32,818$27,690
5 years$30,308$28,861$27,488$26,184$24,947$20,069
6 years$25,004$23,567$22,214$20,940$19,740$15,115
7 years$21,216$19,792$18,460$17,216$16,054$11,681
8 years$18,377$16,965$15,656$14,442$13,318$9,193
9 years$16,169$14,771$13,484$12,301$11,216$7,333
10 years$14,405$13,020$11,756$10,604$9,557$5,909
11 years$12,962$11,591$10,350$9,228$8,219$4,799
12 years$11,760$10,404$9,185$8,095$7,122$3,922
13 years$10,744$9,402$8,206$7,146$6,211$3,221
14 years$9,874$8,546$7,373$6,344$5,444$2,655
15 years$9,121$7,807$6,657$5,657$4,794$2,196
16 years$8,462$7,163$6,036$5,066$4,237$1,821
17 years$7,882$6,597$5,492$4,551$3,756$1,513
18 years$7,366$6,095$5,014$4,102$3,340$1,260
19 years$6,906$5,649$4,590$3,706$2,977$1,050
20 years$6,491$5,250$4,212$3,357$2,659$876
21 years$6,117$4,890$3,874$3,046$2,380$732
22 years$5,778$4,564$3,571$2,770$2,133$612
23 years$5,468$4,269$3,297$2,523$1,915$512
24 years$5,185$4,000$3,049$2,301$1,721$429
25 years$4,924$3,754$2,824$2,101$1,549$359
26 years$4,684$3,528$2,619$1,921$1,395$301
27 years$4,463$3,320$2,432$1,759$1,258$252
28 years$4,257$3,128$2,261$1,611$1,135$211
29 years$4,066$2,951$2,104$1,478$1,025$177
30 years$3,888$2,787$1,960$1,356$926$149
31 years$3,722$2,635$1,827$1,245$837$125
32 years$3,566$2,493$1,705$1,145$757$105
33 years$3,421$2,361$1,592$1,052$685$88
34 years$3,284$2,238$1,487$968$620$74
35 years$3,155$2,122$1,391$891$562$62
36 years$3,034$2,014$1,301$821$509$52
37 years$2,919$1,913$1,218$756$461$44
38 years$2,811$1,818$1,140$697$418$37
39 years$2,708$1,729$1,068$643$379$31
40 years$2,611$1,645$1,001$593$344$26
41 years$2,519$1,566$939$547$312$22
42 years$2,432$1,491$881$505$283$18
43 years$2,349$1,421$826$466$257$15
44 years$2,269$1,354$776$430$233$13
45 years$2,194$1,292$728$397$212$11
46 years$2,122$1,232$684$367$192$9
47 years$2,053$1,176$643$339$175$8
48 years$1,988$1,122$604$313$159$6
49 years$1,925$1,072$568$290$144$5
50 years$1,865$1,024$534$268$131$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,910,000, adding $4,786 every year, while hoping to spend $34,862 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: 36/47/17 Blend
60$1,910,000$1,910,000$1,910,000$1,910,000
61$2,109,757$2,008,527$1,978,922$2,174,610
62$2,287,859$2,069,852$2,008,123$2,283,383
63$2,482,959$2,133,013$2,037,134$2,397,097
64$2,696,755$2,198,064$2,065,911$2,519,121
65$2,931,114$2,265,060$2,094,409$2,650,215
66$3,188,095$2,334,055$2,122,580$2,791,215
67$3,469,966$2,405,109$2,150,371$2,943,040
68$3,779,224$2,478,280$2,177,730$3,106,700
69$4,118,618$2,553,629$2,204,597$3,283,307
70$4,491,178$2,631,219$2,230,912$3,474,081
71$4,900,243$2,711,113$2,256,612$3,680,369
72$5,349,487$2,793,377$2,281,628$3,903,648
73$5,842,961$2,878,078$2,305,889$4,145,546
74$6,385,125$2,965,287$2,329,319$4,407,854
75$6,980,896$3,055,073$2,351,839$4,692,543
76$7,635,686$3,147,511$2,373,364$5,001,782
77$8,355,461$3,242,674$2,393,807$5,337,959
78$9,146,793$3,340,640$2,413,074$5,703,703
79$10,016,921$3,441,486$2,431,067$6,101,908
80$10,973,823$3,545,295$2,447,684$6,535,760
81$12,026,286$3,652,149$2,462,815$7,008,768
82$13,183,995$3,762,131$2,476,347$7,524,794
83$14,457,618$3,875,331$2,488,160$8,088,094
84$15,858,909$3,991,836$2,498,127$8,703,352
85$17,400,820$4,111,738$2,506,116$9,375,729
86$19,097,621$4,235,131$2,511,989$10,110,909
87$20,965,036$4,362,111$2,515,599$10,915,150
88$23,020,391$4,492,775$2,516,793$11,795,347
89$25,282,775$4,627,225$2,515,409$12,759,097
90$27,773,223$4,765,564$2,511,280$13,814,763
91$30,514,912$4,907,897$2,504,228$14,971,564
92$33,533,381$5,054,332$2,494,068$16,239,650
93$36,856,771$5,204,979$2,480,605$17,630,208
94$40,516,091$5,359,953$2,463,634$19,155,559
95$44,545,510$5,519,368$2,442,943$20,829,277
96$48,982,678$5,683,343$2,418,308$22,666,319
97$53,869,082$5,851,998$2,389,493$24,683,163
98$59,250,441$6,025,458$2,356,253$26,897,963
99$65,177,130$6,203,849$2,318,331$29,330,722
100$71,704,660$6,387,301$2,275,458$32,003,478