Can I retire at age 61 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$159,378$157,958$156,573$155,221$153,901$153,252
2 years$78,900$77,430$76,006$74,625$73,286$72,631
3 years$52,077$50,602$49,181$47,813$46,496$45,855
4 years$38,669$37,198$35,791$34,447$33,161$32,540
5 years$30,626$29,163$27,775$26,458$25,209$24,608
6 years$25,265$23,814$22,447$21,159$19,947$19,368
7 years$21,438$19,999$18,653$17,396$16,222$15,665
8 years$18,569$17,143$15,819$14,593$13,458$12,922
9 years$16,339$14,926$13,625$12,430$11,333$10,820
10 years$14,555$13,156$11,879$10,715$9,657$9,165
11 years$13,097$11,712$10,458$9,325$8,305$7,834
12 years$11,883$10,512$9,281$8,179$7,197$6,747
13 years$10,857$9,500$8,292$7,221$6,276$5,847
14 years$9,977$8,635$7,451$6,410$5,501$5,092
15 years$9,216$7,889$6,727$5,717$4,844$4,454
16 years$8,551$7,238$6,099$5,119$4,281$3,911
17 years$7,964$6,666$5,550$4,599$3,796$3,444
18 years$7,443$6,159$5,066$4,145$3,375$3,041
19 years$6,978$5,708$4,638$3,745$3,008$2,691
20 years$6,559$5,305$4,256$3,392$2,687$2,387
21 years$6,181$4,941$3,915$3,078$2,405$2,121
22 years$5,838$4,612$3,608$2,799$2,155$1,887
23 years$5,525$4,314$3,332$2,549$1,935$1,681
24 years$5,239$4,042$3,081$2,325$1,739$1,500
25 years$4,976$3,793$2,854$2,123$1,565$1,339
26 years$4,733$3,565$2,647$1,941$1,410$1,197
27 years$4,509$3,355$2,458$1,777$1,271$1,071
28 years$4,302$3,161$2,285$1,628$1,147$959
29 years$4,108$2,982$2,126$1,493$1,035$859
30 years$3,929$2,816$1,980$1,370$936$770
31 years$3,761$2,662$1,846$1,258$846$691
32 years$3,604$2,519$1,723$1,157$765$620
33 years$3,456$2,386$1,608$1,064$692$556
34 years$3,318$2,261$1,503$979$627$499
35 years$3,188$2,145$1,405$901$568$449
36 years$3,065$2,036$1,314$830$515$403
37 years$2,950$1,933$1,230$764$466$362
38 years$2,840$1,837$1,152$705$423$326
39 years$2,737$1,747$1,079$650$383$293
40 years$2,639$1,662$1,012$599$348$263
41 years$2,546$1,582$949$553$315$237
42 years$2,457$1,507$890$510$286$213
43 years$2,373$1,436$835$471$260$192
44 years$2,293$1,369$784$435$236$173
45 years$2,217$1,305$736$402$214$155
46 years$2,144$1,245$691$371$194$140
47 years$2,075$1,188$649$343$176$126
48 years$2,008$1,134$610$317$160$113
49 years$1,945$1,083$574$293$146$102
50 years$1,884$1,035$539$271$132$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,930,000, adding $3,684 every year, while hoping to spend $31,267 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: 51/27/22 Blend
60$1,930,000$1,930,000$1,930,000$1,930,000
61$2,130,660$2,028,370$1,998,455$2,226,082
62$2,314,720$2,094,492$2,032,135$2,358,604
63$2,516,505$2,162,807$2,065,896$2,499,113
64$2,737,792$2,233,387$2,099,707$2,651,237
65$2,980,535$2,306,312$2,133,535$2,816,090
66$3,246,888$2,381,659$2,167,347$2,994,898
67$3,539,222$2,459,512$2,201,105$3,189,008
68$3,860,151$2,539,956$2,234,770$3,399,904
69$4,212,552$2,623,080$2,268,301$3,629,219
70$4,599,596$2,708,975$2,301,653$3,878,751
71$5,024,776$2,797,735$2,334,779$4,150,479
72$5,491,938$2,889,460$2,367,629$4,446,583
73$6,005,322$2,984,250$2,400,151$4,769,461
74$6,569,598$3,082,210$2,432,289$5,121,754
75$7,189,909$3,183,451$2,463,982$5,506,372
76$7,871,923$3,288,084$2,495,169$5,926,518
77$8,621,885$3,396,226$2,525,784$6,385,719
78$9,446,675$3,507,998$2,555,755$6,887,860
79$10,353,871$3,623,526$2,585,008$7,437,220
80$11,351,827$3,742,939$2,613,467$8,038,512
81$12,449,742$3,866,372$2,641,047$8,696,927
82$13,657,756$3,993,965$2,667,662$9,418,181
83$14,987,039$4,125,860$2,693,220$10,208,574
84$16,449,898$4,262,209$2,717,625$11,075,043
85$18,059,896$4,403,166$2,740,773$12,025,231
86$19,831,975$4,548,890$2,762,559$13,067,557
87$21,782,600$4,699,550$2,782,868$14,211,297
88$23,929,914$4,855,316$2,801,583$15,466,668
89$26,293,906$5,016,367$2,818,577$16,844,928
90$28,896,604$5,182,890$2,833,719$18,358,480
91$31,762,281$5,355,074$2,846,872$20,020,987
92$34,917,680$5,533,119$2,857,889$21,847,504
93$38,392,273$5,717,232$2,866,618$23,854,619
94$42,218,534$5,907,625$2,872,898$26,060,606
95$46,432,246$6,104,520$2,876,562$28,485,601
96$51,072,841$6,308,147$2,877,432$31,151,791
97$56,183,768$6,518,744$2,875,324$34,083,621
98$61,812,907$6,736,557$2,870,041$37,308,025
99$68,013,017$6,961,842$2,861,382$40,854,682
100$74,842,238$7,194,865$2,849,131$44,756,294