Can I retire at age 61 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$158,552$157,140$155,762$154,417$153,103$151,948
2 years$78,491$77,029$75,612$74,239$72,906$71,741
3 years$51,808$50,339$48,926$47,566$46,255$45,116
4 years$38,468$37,005$35,606$34,268$32,989$31,886
5 years$30,467$29,012$27,632$26,321$25,078$24,013
6 years$25,135$23,691$22,330$21,049$19,843$18,819
7 years$21,327$19,895$18,557$17,306$16,138$15,154
8 years$18,473$17,054$15,738$14,517$13,388$12,444
9 years$16,254$14,849$13,555$12,366$11,275$10,371
10 years$14,480$13,088$11,817$10,659$9,607$8,743
11 years$13,029$11,652$10,404$9,277$8,262$7,437
12 years$11,822$10,458$9,233$8,137$7,160$6,373
13 years$10,800$9,451$8,249$7,184$6,243$5,494
14 years$9,926$8,591$7,412$6,377$5,473$4,761
15 years$9,168$7,848$6,692$5,687$4,819$4,142
16 years$8,506$7,200$6,067$5,092$4,259$3,617
17 years$7,923$6,631$5,521$4,575$3,776$3,168
18 years$7,405$6,127$5,040$4,123$3,358$2,781
19 years$6,942$5,679$4,614$3,726$2,993$2,448
20 years$6,525$5,277$4,234$3,374$2,673$2,158
21 years$6,149$4,915$3,895$3,062$2,392$1,906
22 years$5,808$4,588$3,590$2,784$2,144$1,686
23 years$5,497$4,291$3,314$2,536$1,925$1,493
24 years$5,212$4,021$3,065$2,313$1,730$1,324
25 years$4,950$3,773$2,839$2,112$1,557$1,175
26 years$4,709$3,546$2,633$1,931$1,402$1,044
27 years$4,486$3,337$2,445$1,768$1,264$928
28 years$4,279$3,145$2,273$1,620$1,141$826
29 years$4,087$2,967$2,115$1,485$1,030$735
30 years$3,908$2,802$1,970$1,363$931$654
31 years$3,741$2,649$1,837$1,252$841$583
32 years$3,585$2,506$1,714$1,151$761$520
33 years$3,438$2,373$1,600$1,058$689$464
34 years$3,301$2,249$1,495$973$624$413
35 years$3,171$2,134$1,398$896$565$369
36 years$3,049$2,025$1,308$825$512$329
37 years$2,934$1,923$1,224$760$464$294
38 years$2,825$1,828$1,146$701$421$262
39 years$2,723$1,738$1,074$646$381$234
40 years$2,625$1,654$1,006$596$346$209
41 years$2,532$1,574$944$550$314$187
42 years$2,444$1,499$885$508$285$167
43 years$2,361$1,428$831$469$258$149
44 years$2,281$1,362$780$433$235$133
45 years$2,205$1,298$732$400$213$119
46 years$2,133$1,239$688$369$193$107
47 years$2,064$1,182$646$341$176$95
48 years$1,998$1,128$607$315$159$85
49 years$1,935$1,078$571$291$145$76
50 years$1,875$1,029$536$269$132$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,920,000, adding $4,462 every year, while hoping to spend $48,765 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: 74/9/17 Blend
60$1,920,000$1,920,000$1,920,000$1,920,000
61$2,120,443$2,018,683$1,988,923$2,268,812
62$2,284,842$2,065,712$2,003,666$2,414,742
63$2,464,376$2,113,412$2,017,269$2,568,181
64$2,660,537$2,161,764$2,029,641$2,735,029
65$2,874,966$2,210,745$2,040,689$2,916,607
66$3,109,474$2,260,333$2,050,314$3,114,369
67$3,366,052$2,310,501$2,058,411$3,329,920
68$3,646,892$2,361,218$2,064,870$3,565,026
69$3,954,409$2,412,451$2,069,577$3,821,632
70$4,291,262$2,464,165$2,072,411$4,101,883
71$4,660,379$2,516,317$2,073,245$4,408,140
72$5,064,985$2,568,865$2,071,947$4,743,007
73$5,508,633$2,621,758$2,068,377$5,109,350
74$5,995,234$2,674,945$2,062,388$5,510,329
75$6,529,097$2,728,366$2,053,827$5,949,426
76$7,114,968$2,781,959$2,042,533$6,430,477
77$7,758,075$2,835,655$2,028,338$6,957,709
78$8,464,176$2,889,380$2,011,065$7,535,780
79$9,239,615$2,943,053$1,990,528$8,169,824
80$10,091,379$2,996,586$1,966,535$8,865,497
81$11,027,168$3,049,886$1,938,881$9,629,031
82$12,055,460$3,102,852$1,907,355$10,467,297
83$13,185,599$3,155,374$1,871,734$11,387,863
84$14,427,878$3,207,335$1,831,784$12,399,071
85$15,793,635$3,258,608$1,787,263$13,510,114
86$17,295,365$3,309,058$1,737,915$14,731,123
87$18,946,830$3,358,540$1,683,473$16,073,260
88$20,763,195$3,406,898$1,623,658$17,548,830
89$22,761,170$3,453,964$1,558,179$19,171,391
90$24,959,162$3,499,561$1,486,731$20,955,884
91$27,377,454$3,543,497$1,408,994$22,918,777
92$30,038,394$3,585,569$1,324,635$25,078,215
93$32,966,606$3,625,558$1,233,307$27,454,197
94$36,189,221$3,663,231$1,134,644$30,068,763
95$39,736,134$3,698,341$1,028,266$32,946,202
96$43,640,283$3,730,624$913,777$36,113,279
97$47,937,964$3,759,796$790,760$39,599,494
98$52,669,170$3,785,559$658,784$43,437,357
99$57,877,966$3,807,593$517,394$47,662,692
100$63,612,911$3,825,557$366,119$52,314,983