Can I retire at age 61 with 1,830,000?

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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$151,120$149,774$148,460$147,178$145,927$143,865
2 years$74,812$73,418$72,068$70,759$69,489$67,416
3 years$49,379$47,980$46,633$45,336$44,087$42,066
4 years$36,665$35,270$33,937$32,662$31,443$29,491
5 years$29,039$27,652$26,336$25,088$23,902$22,025
6 years$23,956$22,580$21,284$20,063$18,913$17,112
7 years$20,327$18,963$17,687$16,495$15,381$13,658
8 years$17,607$16,255$15,000$13,837$12,760$11,113
9 years$15,492$14,153$12,919$11,786$10,746$9,175
10 years$13,801$12,475$11,263$10,160$9,156$7,660
11 years$12,419$11,106$9,916$8,842$7,875$6,452
12 years$11,267$9,968$8,800$7,756$6,824$5,473
13 years$10,294$9,008$7,862$6,847$5,951$4,670
14 years$9,460$8,188$7,064$6,078$5,216$4,003
15 years$8,739$7,480$6,378$5,421$4,593$3,446
16 years$8,108$6,863$5,783$4,853$4,059$2,976
17 years$7,551$6,320$5,262$4,361$3,599$2,577
18 years$7,058$5,840$4,804$3,930$3,200$2,237
19 years$6,616$5,413$4,398$3,551$2,852$1,946
20 years$6,220$5,030$4,036$3,216$2,548$1,696
21 years$5,861$4,685$3,712$2,919$2,280$1,480
22 years$5,536$4,373$3,421$2,654$2,044$1,294
23 years$5,239$4,090$3,159$2,417$1,835$1,132
24 years$4,967$3,832$2,922$2,204$1,649$991
25 years$4,718$3,596$2,706$2,013$1,484$869
26 years$4,488$3,380$2,510$1,841$1,337$762
27 years$4,276$3,181$2,330$1,685$1,205$669
28 years$4,079$2,997$2,166$1,544$1,087$587
29 years$3,896$2,828$2,016$1,416$982$516
30 years$3,725$2,670$1,878$1,299$887$454
31 years$3,566$2,524$1,751$1,193$802$399
32 years$3,417$2,389$1,633$1,097$726$351
33 years$3,277$2,262$1,525$1,008$657$309
34 years$3,146$2,144$1,425$928$594$272
35 years$3,023$2,034$1,332$854$538$239
36 years$2,906$1,930$1,246$787$488$211
37 years$2,797$1,833$1,167$725$442$186
38 years$2,693$1,742$1,092$668$401$163
39 years$2,595$1,657$1,023$616$364$144
40 years$2,502$1,576$959$568$330$127
41 years$2,414$1,500$899$524$299$112
42 years$2,330$1,429$844$484$271$99
43 years$2,250$1,361$792$447$246$87
44 years$2,174$1,298$743$412$224$77
45 years$2,102$1,237$698$381$203$67
46 years$2,033$1,181$655$352$184$59
47 years$1,967$1,127$616$325$167$52
48 years$1,904$1,075$579$300$152$46
49 years$1,844$1,027$544$278$138$41
50 years$1,787$981$511$257$125$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,830,000, adding $5,487 every year, while hoping to spend $34,116 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: 36/45/19 Blend
60$1,830,000$1,830,000$1,830,000$1,830,000
61$2,022,320$1,925,330$1,896,965$2,083,276
62$2,192,297$1,983,372$1,924,214$2,186,191
63$2,378,469$2,043,114$1,951,233$2,293,631
64$2,582,451$2,104,605$1,977,977$2,408,910
65$2,806,022$2,167,892$2,004,400$2,532,748
66$3,051,143$2,233,025$2,030,454$2,665,936
67$3,319,972$2,300,056$2,056,087$2,809,345
68$3,614,885$2,369,035$2,081,242$2,963,931
69$3,938,503$2,440,017$2,105,863$3,130,749
70$4,293,709$2,513,057$2,129,889$3,310,955
71$4,683,681$2,588,210$2,153,253$3,505,824
72$5,111,919$2,665,534$2,175,889$3,716,758
73$5,582,277$2,745,088$2,197,724$3,945,302
74$6,099,004$2,826,932$2,218,682$4,193,152
75$6,666,777$2,911,127$2,238,684$4,462,179
76$7,290,753$2,997,736$2,257,644$4,754,441
77$7,976,609$3,086,824$2,275,474$5,072,204
78$8,730,601$3,178,457$2,292,080$5,417,963
79$9,559,623$3,272,702$2,307,365$5,794,464
80$10,471,267$3,369,627$2,321,225$6,204,733
81$11,473,901$3,469,304$2,333,551$6,652,101
82$12,576,742$3,571,803$2,344,228$7,140,236
83$13,789,948$3,677,199$2,353,137$7,673,178
84$15,124,706$3,785,566$2,360,152$8,255,379
85$16,593,349$3,896,980$2,365,139$8,891,738
86$18,209,459$4,011,521$2,367,960$9,587,656
87$19,988,005$4,129,267$2,368,468$10,349,080
88$21,945,481$4,250,300$2,366,510$11,182,561
89$24,100,057$4,374,703$2,361,926$12,095,315
90$26,471,760$4,502,560$2,354,547$13,095,295
91$29,082,650$4,633,956$2,344,196$14,191,258
92$31,957,041$4,768,981$2,330,687$15,392,855
93$35,121,721$4,907,722$2,313,826$16,710,718
94$38,606,207$5,050,272$2,293,410$18,156,559
95$42,443,027$5,196,721$2,269,226$19,743,286
96$46,668,020$5,347,164$2,241,049$21,485,116
97$51,320,679$5,501,697$2,208,646$23,397,718
98$56,444,525$5,660,417$2,171,772$25,498,353
99$62,087,511$5,823,422$2,130,171$27,806,043
100$68,302,479$5,990,811$2,083,573$30,341,746