Can I retire at age 61 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$150,294$148,955$147,649$146,374$145,129$141,163
2 years$74,403$73,017$71,674$70,372$69,109$65,142
3 years$49,109$47,718$46,378$45,088$43,846$40,002
4 years$36,465$35,077$33,751$32,483$31,271$27,581
5 years$28,880$27,501$26,192$24,950$23,772$20,244
6 years$23,825$22,457$21,167$19,953$18,810$15,449
7 years$20,216$18,859$17,590$16,405$15,297$12,103
8 years$17,511$16,166$14,918$13,761$12,691$9,661
9 years$15,407$14,075$12,849$11,722$10,687$7,820
10 years$13,726$12,407$11,202$10,104$9,106$6,397
11 years$12,351$11,045$9,862$8,794$7,832$5,277
12 years$11,206$9,913$8,752$7,713$6,787$4,381
13 years$10,238$8,959$7,820$6,810$5,918$3,657
14 years$9,409$8,143$7,026$6,045$5,188$3,066
15 years$8,691$7,439$6,343$5,391$4,568$2,579
16 years$8,063$6,825$5,751$4,827$4,037$2,176
17 years$7,510$6,286$5,233$4,337$3,579$1,840
18 years$7,019$5,808$4,777$3,908$3,183$1,559
19 years$6,580$5,383$4,373$3,532$2,837$1,324
20 years$6,186$5,002$4,014$3,199$2,534$1,125
21 years$5,829$4,659$3,692$2,903$2,268$958
22 years$5,505$4,349$3,403$2,639$2,033$816
23 years$5,210$4,068$3,142$2,404$1,825$696
24 years$4,940$3,811$2,906$2,192$1,640$594
25 years$4,692$3,577$2,691$2,002$1,476$507
26 years$4,464$3,362$2,496$1,831$1,329$433
27 years$4,252$3,164$2,318$1,676$1,198$370
28 years$4,056$2,981$2,155$1,535$1,081$316
29 years$3,874$2,812$2,005$1,408$976$271
30 years$3,705$2,656$1,868$1,292$882$232
31 years$3,546$2,511$1,741$1,187$798$198
32 years$3,398$2,376$1,624$1,091$722$170
33 years$3,259$2,250$1,517$1,003$653$145
34 years$3,129$2,132$1,417$923$591$124
35 years$3,006$2,022$1,325$849$535$106
36 years$2,891$1,920$1,239$782$485$91
37 years$2,781$1,823$1,160$721$440$78
38 years$2,678$1,733$1,086$664$399$67
39 years$2,581$1,648$1,018$613$362$57
40 years$2,488$1,568$954$565$328$49
41 years$2,400$1,492$895$521$297$42
42 years$2,317$1,421$839$481$270$36
43 years$2,238$1,354$787$444$245$31
44 years$2,162$1,291$739$410$222$26
45 years$2,091$1,231$694$379$202$23
46 years$2,022$1,174$652$350$183$19
47 years$1,957$1,120$612$323$166$17
48 years$1,894$1,070$575$299$151$14
49 years$1,834$1,021$541$276$137$12
50 years$1,777$976$509$255$125$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,820,000, adding $3,926 every year, while hoping to spend $48,162 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: 62/16/22 Blend
60$1,820,000$1,820,000$1,820,000$1,820,000
61$2,009,690$1,913,230$1,885,020$2,122,496
62$2,163,434$1,955,734$1,896,924$2,241,719
63$2,331,246$1,998,707$1,907,613$2,366,144
64$2,514,510$2,042,120$1,916,994$2,500,908
65$2,714,749$2,085,943$1,924,973$2,647,023
66$2,933,641$2,130,142$1,931,447$2,805,609
67$3,173,033$2,174,680$1,936,311$2,977,895
68$3,434,958$2,219,514$1,939,453$3,165,240
69$3,721,655$2,264,602$1,940,756$3,369,139
70$4,035,589$2,309,892$1,940,097$3,591,240
71$4,379,476$2,355,334$1,937,347$3,833,361
72$4,756,305$2,400,868$1,932,370$4,097,505
73$5,169,370$2,446,432$1,925,027$4,385,877
74$5,622,297$2,491,959$1,915,166$4,700,913
75$6,119,081$2,537,374$1,902,633$5,045,292
76$6,664,120$2,582,599$1,887,265$5,421,970
77$7,262,262$2,627,548$1,868,890$5,834,207
78$7,918,844$2,672,129$1,847,329$6,285,592
79$8,639,746$2,716,243$1,822,395$6,780,084
80$9,431,446$2,759,784$1,793,890$7,322,046
81$10,301,077$2,802,638$1,761,610$7,916,287
82$11,256,502$2,844,681$1,725,338$8,568,109
83$12,306,378$2,885,784$1,684,850$9,283,354
84$13,460,245$2,925,804$1,639,909$10,068,464
85$14,728,613$2,964,591$1,590,269$10,930,538
86$16,123,061$3,001,986$1,535,672$11,877,401
87$17,656,344$3,037,814$1,475,848$12,917,680
88$19,342,517$3,071,893$1,410,515$14,060,881
89$21,197,065$3,104,026$1,339,378$15,317,484
90$23,237,047$3,134,005$1,262,129$16,699,042
91$25,481,260$3,161,606$1,178,445$18,218,285
92$27,950,416$3,186,592$1,087,990$19,889,249
93$30,667,332$3,208,709$990,411$21,727,402
94$33,657,152$3,227,688$885,342$23,749,793
95$36,947,579$3,243,242$772,399$25,975,217
96$40,569,137$3,255,066$651,179$28,424,386
97$44,555,461$3,262,836$521,266$31,120,131
98$48,943,610$3,266,207$382,220$34,087,616
99$53,774,421$3,264,814$233,587$37,354,577
100$59,092,889$3,258,267$74,890$40,951,585