Can I retire at age 61 with 1,900,000?

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 $1,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$156,900$155,503$154,139$152,808$151,509$148,693
2 years$77,673$76,227$74,825$73,465$72,147$69,321
3 years$51,268$49,815$48,417$47,070$45,773$43,024
4 years$38,068$36,619$35,235$33,911$32,646$29,996
5 years$30,150$28,710$27,344$26,047$24,817$22,273
6 years$24,873$23,444$22,098$20,830$19,637$17,202
7 years$21,105$19,688$18,363$17,126$15,970$13,645
8 years$18,280$16,876$15,574$14,366$13,249$11,033
9 years$16,085$14,694$13,414$12,237$11,157$9,049
10 years$14,329$12,952$11,694$10,548$9,506$7,504
11 years$12,894$11,530$10,295$9,180$8,176$6,277
12 years$11,698$10,349$9,137$8,052$7,085$5,287
13 years$10,688$9,353$8,163$7,109$6,178$4,479
14 years$9,822$8,501$7,335$6,310$5,416$3,811
15 years$9,073$7,766$6,622$5,628$4,769$3,256
16 years$8,418$7,125$6,004$5,039$4,214$2,790
17 years$7,840$6,562$5,463$4,528$3,737$2,397
18 years$7,328$6,064$4,987$4,080$3,323$2,065
19 years$6,869$5,620$4,566$3,687$2,962$1,782
20 years$6,457$5,222$4,190$3,339$2,645$1,540
21 years$6,085$4,864$3,854$3,031$2,367$1,333
22 years$5,747$4,540$3,552$2,755$2,122$1,155
23 years$5,439$4,247$3,280$2,509$1,905$1,002
24 years$5,157$3,979$3,033$2,289$1,712$870
25 years$4,898$3,734$2,809$2,090$1,541$756
26 years$4,660$3,509$2,606$1,911$1,388$657
27 years$4,439$3,303$2,420$1,749$1,251$572
28 years$4,235$3,112$2,249$1,603$1,129$498
29 years$4,045$2,936$2,093$1,470$1,019$433
30 years$3,868$2,773$1,950$1,349$921$378
31 years$3,702$2,621$1,818$1,239$833$329
32 years$3,548$2,480$1,696$1,139$753$287
33 years$3,403$2,349$1,583$1,047$682$250
34 years$3,266$2,226$1,479$963$617$218
35 years$3,138$2,111$1,383$887$559$190
36 years$3,018$2,004$1,294$817$507$166
37 years$2,904$1,903$1,211$752$459$145
38 years$2,796$1,809$1,134$694$416$126
39 years$2,694$1,720$1,063$640$377$110
40 years$2,598$1,636$996$590$342$96
41 years$2,506$1,558$934$544$311$84
42 years$2,419$1,484$876$502$282$73
43 years$2,336$1,414$822$464$256$64
44 years$2,257$1,347$772$428$232$56
45 years$2,182$1,285$725$395$211$49
46 years$2,111$1,226$681$365$191$43
47 years$2,043$1,170$639$337$174$37
48 years$1,977$1,117$601$312$158$32
49 years$1,915$1,066$565$288$143$28
50 years$1,855$1,019$531$266$130$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,900,000, adding $2,288 every year, while hoping to spend $39,497 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: 64/6/30 Blend
60$1,900,000$1,900,000$1,900,000$1,900,000
61$2,096,160$1,995,460$1,966,010$2,213,351
62$2,267,944$2,051,213$1,989,847$2,348,880
63$2,455,926$2,108,374$2,013,159$2,492,389
64$2,661,717$2,166,971$2,035,886$2,648,371
65$2,887,089$2,227,030$2,057,966$2,818,058
66$3,133,998$2,288,580$2,079,332$3,002,810
67$3,404,592$2,351,646$2,099,916$3,204,123
68$3,701,240$2,416,257$2,119,644$3,423,648
69$4,026,553$2,482,440$2,138,438$3,663,201
70$4,383,403$2,550,221$2,156,217$3,924,788
71$4,774,954$2,619,626$2,172,895$4,210,613
72$5,204,694$2,690,683$2,188,381$4,523,111
73$5,676,463$2,763,416$2,202,582$4,864,962
74$6,194,489$2,837,851$2,215,396$5,239,120
75$6,763,434$2,914,012$2,226,719$5,648,840
76$7,388,430$2,991,925$2,236,439$6,097,710
77$8,075,133$3,071,611$2,244,443$6,589,684
78$8,829,771$3,153,095$2,250,606$7,129,119
79$9,659,207$3,236,396$2,254,801$7,720,818
80$10,571,004$3,321,537$2,256,894$8,370,073
81$11,573,490$3,408,536$2,256,744$9,082,717
82$12,675,843$3,497,412$2,254,202$9,865,178
83$13,888,175$3,588,181$2,249,114$10,724,539
84$15,221,626$3,680,859$2,241,317$11,668,610
85$16,688,470$3,775,459$2,230,639$12,705,994
86$18,302,231$3,871,993$2,216,902$13,846,175
87$20,077,808$3,970,471$2,199,918$15,099,604
88$22,031,620$4,070,900$2,179,490$16,477,801
89$24,181,756$4,173,284$2,155,414$17,993,460
90$26,548,147$4,277,627$2,127,473$19,660,572
91$29,152,756$4,383,929$2,095,441$21,494,557
92$32,019,780$4,492,185$2,059,081$23,512,407
93$35,175,885$4,602,389$2,018,148$25,732,852
94$38,650,450$4,714,531$1,972,380$28,176,532
95$42,475,850$4,828,596$1,921,509$30,866,196
96$46,687,756$4,944,567$1,865,249$33,826,914
97$51,325,477$5,062,421$1,803,305$37,086,315
98$56,432,326$5,182,130$1,735,366$40,674,850
99$62,056,030$5,303,661$1,661,108$44,626,078
100$68,249,182$5,426,978$1,580,192$48,976,984