Can I retire at age 61 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$164,332$162,869$161,440$160,046$158,685$155,992
2 years$81,353$79,838$78,369$76,945$75,564$72,860
3 years$53,696$52,175$50,710$49,300$47,941$45,309
4 years$39,871$38,354$36,904$35,518$34,192$31,652
5 years$31,578$30,070$28,639$27,281$25,992$23,552
6 years$26,051$24,554$23,145$21,817$20,567$18,230
7 years$22,105$20,621$19,233$17,937$16,726$14,493
8 years$19,146$17,676$16,311$15,047$13,876$11,745
9 years$16,847$15,390$14,049$12,816$11,686$9,657
10 years$15,008$13,565$12,248$11,048$9,957$8,028
11 years$13,504$12,077$10,783$9,615$8,563$6,732
12 years$12,253$10,839$9,570$8,434$7,421$5,685
13 years$11,194$9,796$8,550$7,446$6,471$4,828
14 years$10,288$8,904$7,682$6,609$5,672$4,120
15 years$9,503$8,134$6,936$5,894$4,994$3,529
16 years$8,816$7,463$6,288$5,278$4,414$3,033
17 years$8,212$6,873$5,722$4,742$3,914$2,614
18 years$7,675$6,351$5,224$4,274$3,480$2,257
19 years$7,195$5,886$4,782$3,862$3,102$1,954
20 years$6,763$5,469$4,389$3,497$2,771$1,694
21 years$6,374$5,095$4,037$3,174$2,479$1,470
22 years$6,020$4,756$3,720$2,886$2,222$1,278
23 years$5,697$4,448$3,435$2,628$1,995$1,112
24 years$5,402$4,167$3,177$2,397$1,793$969
25 years$5,131$3,911$2,943$2,189$1,614$844
26 years$4,881$3,676$2,729$2,002$1,453$737
27 years$4,649$3,459$2,534$1,832$1,310$643
28 years$4,435$3,259$2,356$1,679$1,182$561
29 years$4,236$3,075$2,192$1,539$1,068$490
30 years$4,051$2,904$2,042$1,413$965$429
31 years$3,878$2,745$1,904$1,298$872$375
32 years$3,716$2,598$1,776$1,192$789$328
33 years$3,564$2,460$1,658$1,097$714$287
34 years$3,421$2,331$1,550$1,009$646$251
35 years$3,287$2,211$1,449$929$586$220
36 years$3,161$2,099$1,355$855$530$192
37 years$3,041$1,993$1,269$788$481$168
38 years$2,928$1,894$1,188$726$436$147
39 years$2,822$1,801$1,113$670$395$129
40 years$2,721$1,714$1,043$618$359$113
41 years$2,625$1,632$978$570$325$99
42 years$2,534$1,554$918$526$295$87
43 years$2,447$1,480$861$486$268$76
44 years$2,364$1,411$808$448$243$67
45 years$2,286$1,346$759$414$221$58
46 years$2,211$1,284$713$382$200$51
47 years$2,139$1,225$670$353$182$45
48 years$2,071$1,170$629$327$165$39
49 years$2,006$1,117$591$302$150$34
50 years$1,943$1,067$556$279$136$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,990,000, adding $2,975 every year, while hoping to spend $43,147 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: 63/31/6 Blend
60$1,990,000$1,990,000$1,990,000$1,990,000
61$2,196,049$2,090,579$2,059,734$2,331,938
62$2,374,138$2,147,109$2,082,827$2,479,383
63$2,568,945$2,204,963$2,105,247$2,634,952
64$2,782,132$2,264,161$2,126,927$2,803,675
65$3,015,525$2,324,720$2,147,795$2,986,823
66$3,271,137$2,386,660$2,167,774$3,185,795
67$3,551,184$2,449,997$2,186,786$3,402,129
68$3,858,108$2,514,750$2,204,746$3,637,522
69$4,194,595$2,580,933$2,221,566$3,893,839
70$4,563,608$2,648,563$2,237,152$4,173,135
71$4,968,407$2,717,653$2,251,408$4,477,673
72$5,412,584$2,788,217$2,264,229$4,809,945
73$5,900,094$2,860,267$2,275,507$5,172,694
74$6,435,297$2,933,813$2,285,130$5,568,942
75$7,022,992$3,008,865$2,292,977$6,002,019
76$7,668,468$3,085,430$2,298,922$6,475,590
77$8,377,550$3,163,514$2,302,834$6,993,694
78$9,156,655$3,243,122$2,304,575$7,560,779
79$10,012,854$3,324,255$2,303,998$8,181,746
80$10,953,936$3,406,914$2,300,953$8,861,991
81$11,988,480$3,491,096$2,295,277$9,607,463
82$13,125,942$3,576,796$2,286,805$10,424,713
83$14,376,735$3,664,006$2,275,361$11,320,958
84$15,752,335$3,752,716$2,260,759$12,304,150
85$17,265,386$3,842,911$2,242,807$13,383,052
86$18,929,817$3,934,576$2,221,302$14,567,315
87$20,760,976$4,027,687$2,196,033$15,867,575
88$22,775,772$4,122,221$2,166,778$17,295,551
89$24,992,840$4,218,148$2,133,303$18,864,154
90$27,432,707$4,315,435$2,095,366$20,587,613
91$30,117,994$4,414,042$2,052,712$22,481,602
92$33,073,626$4,513,927$2,005,074$24,563,396
93$36,327,065$4,615,039$1,952,174$26,852,028
94$39,908,574$4,717,324$1,893,720$29,368,471
95$43,851,494$4,820,719$1,829,405$32,135,836
96$48,192,569$4,925,156$1,758,913$35,179,589
97$52,972,282$5,030,560$1,681,907$38,527,792
98$58,235,244$5,136,846$1,598,040$42,211,367
99$64,030,611$5,243,924$1,506,947$46,264,391
100$70,412,550$5,351,693$1,408,247$50,724,412