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

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 $1,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$157,726$156,321$154,950$153,612$152,306$148,805
2 years$78,082$76,628$75,219$73,852$72,527$69,019
3 years$51,538$50,077$48,671$47,318$46,014$42,609
4 years$38,268$36,812$35,420$34,090$32,818$29,542
5 years$30,308$28,861$27,488$26,184$24,947$21,810
6 years$25,004$23,567$22,214$20,940$19,740$16,744
7 years$21,216$19,792$18,460$17,216$16,054$13,199
8 years$18,377$16,965$15,656$14,442$13,318$10,604
9 years$16,169$14,771$13,484$12,301$11,216$8,641
10 years$14,405$13,020$11,756$10,604$9,557$7,117
11 years$12,962$11,591$10,350$9,228$8,219$5,912
12 years$11,760$10,404$9,185$8,095$7,122$4,944
13 years$10,744$9,402$8,206$7,146$6,211$4,158
14 years$9,874$8,546$7,373$6,344$5,444$3,512
15 years$9,121$7,807$6,657$5,657$4,794$2,977
16 years$8,462$7,163$6,036$5,066$4,237$2,531
17 years$7,882$6,597$5,492$4,551$3,756$2,158
18 years$7,366$6,095$5,014$4,102$3,340$1,844
19 years$6,906$5,649$4,590$3,706$2,977$1,578
20 years$6,491$5,250$4,212$3,357$2,659$1,353
21 years$6,117$4,890$3,874$3,046$2,380$1,161
22 years$5,778$4,564$3,571$2,770$2,133$998
23 years$5,468$4,269$3,297$2,523$1,915$858
24 years$5,185$4,000$3,049$2,301$1,721$739
25 years$4,924$3,754$2,824$2,101$1,549$636
26 years$4,684$3,528$2,619$1,921$1,395$548
27 years$4,463$3,320$2,432$1,759$1,258$473
28 years$4,257$3,128$2,261$1,611$1,135$408
29 years$4,066$2,951$2,104$1,478$1,025$352
30 years$3,888$2,787$1,960$1,356$926$304
31 years$3,722$2,635$1,827$1,245$837$262
32 years$3,566$2,493$1,705$1,145$757$227
33 years$3,421$2,361$1,592$1,052$685$196
34 years$3,284$2,238$1,487$968$620$169
35 years$3,155$2,122$1,391$891$562$146
36 years$3,034$2,014$1,301$821$509$126
37 years$2,919$1,913$1,218$756$461$109
38 years$2,811$1,818$1,140$697$418$94
39 years$2,708$1,729$1,068$643$379$82
40 years$2,611$1,645$1,001$593$344$71
41 years$2,519$1,566$939$547$312$61
42 years$2,432$1,491$881$505$283$53
43 years$2,349$1,421$826$466$257$46
44 years$2,269$1,354$776$430$233$39
45 years$2,194$1,292$728$397$212$34
46 years$2,122$1,232$684$367$192$30
47 years$2,053$1,176$643$339$175$26
48 years$1,988$1,122$604$313$159$22
49 years$1,925$1,072$568$290$144$19
50 years$1,865$1,024$534$268$131$17

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 $5,471 every year, while hoping to spend $36,697 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: 59/12/29 Blend
60$1,910,000$1,910,000$1,910,000$1,910,000
61$2,110,463$2,009,233$1,979,628$2,218,000
62$2,286,685$2,068,640$2,006,901$2,351,614
63$2,479,652$2,129,729$2,033,856$2,492,939
64$2,691,032$2,192,541$2,060,447$2,646,347
65$2,922,665$2,257,123$2,086,619$2,813,023
66$3,176,575$2,323,520$2,112,318$2,994,273
67$3,454,991$2,391,778$2,137,486$3,191,534
68$3,760,369$2,461,944$2,162,061$3,406,392
69$4,095,414$2,534,066$2,185,978$3,640,591
70$4,463,105$2,608,195$2,209,167$3,896,054
71$4,866,725$2,684,380$2,231,557$4,174,899
72$5,309,888$2,762,671$2,253,072$4,479,462
73$5,796,577$2,843,122$2,273,630$4,812,313
74$6,331,177$2,925,785$2,293,146$5,176,286
75$6,918,523$3,010,714$2,311,532$5,574,503
76$7,563,937$3,097,964$2,328,693$6,010,404
77$8,273,285$3,187,591$2,344,531$6,487,781
78$9,053,028$3,279,650$2,358,940$7,010,810
79$9,910,284$3,374,201$2,371,812$7,584,094
80$10,852,897$3,471,300$2,383,032$8,212,705
81$11,889,507$3,571,008$2,392,478$8,902,233
82$13,029,634$3,673,385$2,400,023$9,658,837
83$14,283,767$3,778,491$2,405,534$10,489,305
84$15,663,462$3,886,388$2,408,870$11,401,116
85$17,181,453$3,997,139$2,409,885$12,402,513
86$18,851,769$4,110,807$2,408,424$13,502,580
87$20,689,868$4,227,455$2,404,325$14,711,327
88$22,712,783$4,347,148$2,397,418$16,039,785
89$24,939,280$4,469,952$2,387,525$17,500,111
90$27,390,038$4,595,931$2,374,459$19,105,703
91$30,087,843$4,725,153$2,358,024$20,871,324
92$33,057,800$4,857,683$2,338,016$22,813,246
93$36,327,575$4,993,588$2,314,218$24,949,400
94$39,927,650$5,132,936$2,286,407$27,299,546
95$43,891,614$5,275,794$2,254,345$29,885,461
96$48,256,480$5,422,230$2,217,787$32,731,145
97$53,063,032$5,572,310$2,176,474$35,863,047
98$58,356,210$5,726,102$2,130,135$39,310,312
99$64,185,537$5,883,674$2,078,487$43,105,064
100$70,605,579$6,045,092$2,021,235$47,282,701