Can I retire at age 61 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$153,597$152,229$150,894$149,591$148,319$146,466
2 years$76,038$74,622$73,250$71,919$70,628$68,763
3 years$50,189$48,766$47,397$46,079$44,809$42,991
4 years$37,266$35,848$34,493$33,197$31,958$30,200
5 years$29,515$28,106$26,768$25,499$24,294$22,602
6 years$24,349$22,950$21,633$20,392$19,223$17,598
7 years$20,661$19,274$17,977$16,765$15,634$14,077
8 years$17,896$16,521$15,246$14,064$12,970$11,481
9 years$15,746$14,385$13,131$11,979$10,922$9,501
10 years$14,027$12,679$11,448$10,326$9,306$7,952
11 years$12,622$11,288$10,079$8,987$8,004$6,714
12 years$11,452$10,131$8,945$7,883$6,936$5,710
13 years$10,463$9,156$7,991$6,959$6,048$4,885
14 years$9,615$8,322$7,180$6,178$5,302$4,199
15 years$8,882$7,602$6,483$5,509$4,668$3,624
16 years$8,241$6,975$5,878$4,933$4,126$3,138
17 years$7,675$6,424$5,348$4,432$3,658$2,725
18 years$7,173$5,936$4,882$3,994$3,253$2,373
19 years$6,725$5,501$4,470$3,609$2,899$2,070
20 years$6,322$5,112$4,102$3,269$2,590$1,809
21 years$5,957$4,762$3,773$2,967$2,317$1,584
22 years$5,626$4,445$3,477$2,697$2,077$1,388
23 years$5,325$4,157$3,211$2,457$1,865$1,218
24 years$5,049$3,895$2,969$2,241$1,676$1,070
25 years$4,795$3,655$2,750$2,046$1,508$941
26 years$4,562$3,435$2,551$1,871$1,358$828
27 years$4,346$3,233$2,369$1,713$1,225$729
28 years$4,146$3,047$2,202$1,569$1,105$643
29 years$3,959$2,874$2,049$1,439$998$566
30 years$3,786$2,714$1,909$1,321$902$500
31 years$3,624$2,566$1,779$1,213$815$441
32 years$3,473$2,428$1,660$1,115$737$389
33 years$3,331$2,299$1,550$1,025$667$343
34 years$3,198$2,179$1,448$943$604$303
35 years$3,072$2,067$1,354$868$547$268
36 years$2,954$1,962$1,267$800$496$237
37 years$2,843$1,863$1,186$737$449$209
38 years$2,737$1,771$1,110$679$407$185
39 years$2,637$1,684$1,040$626$369$163
40 years$2,543$1,602$975$577$335$144
41 years$2,453$1,525$914$533$304$128
42 years$2,368$1,452$858$492$276$113
43 years$2,287$1,384$805$454$250$100
44 years$2,210$1,319$755$419$227$88
45 years$2,136$1,258$709$387$206$78
46 years$2,066$1,200$666$358$187$69
47 years$2,000$1,145$626$330$170$61
48 years$1,936$1,093$588$305$154$54
49 years$1,874$1,044$553$282$140$48
50 years$1,816$997$520$261$127$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,860,000, adding $5,648 every year, while hoping to spend $25,553 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: 63/21/16 Blend
60$1,860,000$1,860,000$1,860,000$1,860,000
61$2,055,546$1,956,966$1,928,136$2,176,554
62$2,238,023$2,025,669$1,965,540$2,327,199
63$2,438,257$2,096,882$2,003,341$2,488,220
64$2,658,031$2,170,701$2,041,525$2,663,447
65$2,899,311$2,247,227$2,080,077$2,854,263
66$3,164,262$2,326,561$2,118,980$3,062,193
67$3,455,268$2,408,814$2,158,217$3,288,912
68$3,774,956$2,494,097$2,197,769$3,536,266
69$4,126,221$2,582,528$2,237,614$3,806,287
70$4,512,252$2,674,227$2,277,729$4,101,211
71$4,936,559$2,769,322$2,318,091$4,423,501
72$5,403,014$2,867,944$2,358,673$4,775,869
73$5,915,879$2,970,232$2,399,446$5,161,299
74$6,479,852$3,076,326$2,440,381$5,583,080
75$7,100,108$3,186,377$2,481,445$6,044,831
76$7,782,348$3,300,538$2,522,602$6,550,540
77$8,532,854$3,418,972$2,563,816$7,104,597
78$9,358,548$3,541,844$2,605,047$7,711,838
79$10,267,057$3,669,331$2,646,252$8,377,589
80$11,266,782$3,801,614$2,687,387$9,107,717
81$12,366,982$3,938,882$2,728,404$9,908,683
82$13,577,859$4,081,332$2,769,250$10,787,604
83$14,910,654$4,229,170$2,809,872$11,752,322
84$16,377,750$4,382,609$2,850,213$12,811,471
85$17,992,796$4,541,872$2,890,210$13,974,566
86$19,770,829$4,707,191$2,929,800$15,252,088
87$21,728,418$4,878,808$2,968,913$16,655,581
88$23,883,822$5,056,975$3,007,477$18,197,766
89$26,257,158$5,241,954$3,045,414$19,892,654
90$28,870,597$5,434,018$3,082,644$21,755,684
91$31,748,565$5,633,452$3,119,080$23,803,864
92$34,917,981$5,840,554$3,154,631$26,055,932
93$38,408,506$6,055,631$3,189,202$28,532,533
94$42,252,824$6,279,008$3,222,691$31,256,414
95$46,486,953$6,511,020$3,254,992$34,252,636
96$51,150,579$6,752,017$3,285,991$37,548,810
97$56,287,436$7,002,364$3,315,570$41,175,362
98$61,945,718$7,262,443$3,343,604$45,165,811
99$68,178,528$7,532,649$3,369,962$49,557,094
100$75,044,387$7,813,398$3,394,505$54,389,905