Can I retire at age 61 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$158,552$157,140$155,762$154,417$153,103$148,262
2 years$78,491$77,029$75,612$74,239$72,906$68,073
3 years$51,808$50,339$48,926$47,566$46,255$41,580
4 years$38,468$37,005$35,606$34,268$32,989$28,510
5 years$30,467$29,012$27,632$26,321$25,078$20,806
6 years$25,135$23,691$22,330$21,049$19,843$15,782
7 years$21,327$19,895$18,557$17,306$16,138$12,287
8 years$18,473$17,054$15,738$14,517$13,388$9,745
9 years$16,254$14,849$13,555$12,366$11,275$7,835
10 years$14,480$13,088$11,817$10,659$9,607$6,366
11 years$13,029$11,652$10,404$9,277$8,262$5,214
12 years$11,822$10,458$9,233$8,137$7,160$4,298
13 years$10,800$9,451$8,249$7,184$6,243$3,561
14 years$9,926$8,591$7,412$6,377$5,473$2,962
15 years$9,168$7,848$6,692$5,687$4,819$2,473
16 years$8,506$7,200$6,067$5,092$4,259$2,070
17 years$7,923$6,631$5,521$4,575$3,776$1,736
18 years$7,405$6,127$5,040$4,123$3,358$1,460
19 years$6,942$5,679$4,614$3,726$2,993$1,229
20 years$6,525$5,277$4,234$3,374$2,673$1,036
21 years$6,149$4,915$3,895$3,062$2,392$874
22 years$5,808$4,588$3,590$2,784$2,144$738
23 years$5,497$4,291$3,314$2,536$1,925$624
24 years$5,212$4,021$3,065$2,313$1,730$528
25 years$4,950$3,773$2,839$2,112$1,557$447
26 years$4,709$3,546$2,633$1,931$1,402$378
27 years$4,486$3,337$2,445$1,768$1,264$320
28 years$4,279$3,145$2,273$1,620$1,141$272
29 years$4,087$2,967$2,115$1,485$1,030$230
30 years$3,908$2,802$1,970$1,363$931$195
31 years$3,741$2,649$1,837$1,252$841$165
32 years$3,585$2,506$1,714$1,151$761$140
33 years$3,438$2,373$1,600$1,058$689$119
34 years$3,301$2,249$1,495$973$624$101
35 years$3,171$2,134$1,398$896$565$86
36 years$3,049$2,025$1,308$825$512$73
37 years$2,934$1,923$1,224$760$464$62
38 years$2,825$1,828$1,146$701$421$52
39 years$2,723$1,738$1,074$646$381$44
40 years$2,625$1,654$1,006$596$346$38
41 years$2,532$1,574$944$550$314$32
42 years$2,444$1,499$885$508$285$27
43 years$2,361$1,428$831$469$258$23
44 years$2,281$1,362$780$433$235$20
45 years$2,205$1,298$732$400$213$17
46 years$2,133$1,239$688$369$193$14
47 years$2,064$1,182$646$341$176$12
48 years$1,998$1,128$607$315$159$10
49 years$1,935$1,078$571$291$145$9
50 years$1,875$1,029$536$269$132$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,920,000, adding $3,171 every year, while hoping to spend $47,037 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: 55/38/7 Blend
60$1,920,000$1,920,000$1,920,000$1,920,000
61$2,119,111$2,017,351$1,987,591$2,232,090
62$2,285,213$2,066,154$2,004,128$2,357,524
63$2,466,681$2,115,772$2,019,643$2,488,534
64$2,665,033$2,166,195$2,034,051$2,630,023
65$2,881,940$2,217,412$2,047,265$2,782,991
66$3,119,240$2,269,408$2,059,191$2,948,541
67$3,378,961$2,322,167$2,069,732$3,127,889
68$3,663,332$2,375,670$2,078,786$3,322,371
69$3,974,810$2,429,897$2,086,243$3,533,459
70$4,316,101$2,484,821$2,091,992$3,762,776
71$4,690,182$2,540,416$2,095,913$4,012,108
72$5,100,336$2,596,652$2,097,881$4,283,421
73$5,550,175$2,653,493$2,097,765$4,578,885
74$6,043,681$2,710,902$2,095,428$4,900,885
75$6,585,237$2,768,837$2,090,726$5,252,052
76$7,179,673$2,827,251$2,083,506$5,635,284
77$7,832,307$2,886,094$2,073,612$6,053,773
78$8,549,000$2,945,310$2,060,875$6,511,037
79$9,336,206$3,004,839$2,045,122$7,010,952
80$10,201,036$3,064,613$2,026,171$7,557,787
81$11,151,323$3,124,561$2,003,829$8,156,249
82$12,195,698$3,184,604$1,977,898$8,811,522
83$13,343,668$3,244,658$1,948,166$9,529,321
84$14,605,707$3,304,632$1,914,415$10,315,940
85$15,993,355$3,364,425$1,876,413$11,178,320
86$17,519,326$3,423,930$1,833,922$12,124,105
87$19,197,628$3,483,033$1,786,689$13,161,721
88$21,043,693$3,541,609$1,734,450$14,300,456
89$23,074,526$3,599,524$1,676,930$15,550,540
90$25,308,862$3,656,634$1,613,841$16,923,253
91$27,767,343$3,712,787$1,544,882$18,431,023
92$30,472,713$3,767,815$1,469,738$20,087,546
93$33,450,035$3,821,543$1,388,078$21,907,917
94$36,726,920$3,873,780$1,299,560$23,908,774
95$40,333,794$3,924,323$1,203,824$26,108,450
96$44,304,182$3,972,956$1,100,493$28,527,151
97$48,675,025$4,019,447$989,176$31,187,146
98$53,487,026$4,063,548$869,462$34,112,979
99$58,785,036$4,104,996$740,922$37,331,696
100$64,618,476$4,143,507$603,110$40,873,109