Can I retire at age 61 with 1,930,000?

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 $1,930,000?

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$159,378$157,958$156,573$155,221$153,901$149,695
2 years$78,900$77,430$76,006$74,625$73,286$69,079
3 years$52,077$50,602$49,181$47,813$46,496$42,420
4 years$38,669$37,198$35,791$34,447$33,161$29,247
5 years$30,626$29,163$27,775$26,458$25,209$21,468
6 years$25,265$23,814$22,447$21,159$19,947$16,383
7 years$21,438$19,999$18,653$17,396$16,222$12,835
8 years$18,569$17,143$15,819$14,593$13,458$10,245
9 years$16,339$14,926$13,625$12,430$11,333$8,293
10 years$14,555$13,156$11,879$10,715$9,657$6,784
11 years$13,097$11,712$10,458$9,325$8,305$5,596
12 years$11,883$10,512$9,281$8,179$7,197$4,646
13 years$10,857$9,500$8,292$7,221$6,276$3,878
14 years$9,977$8,635$7,451$6,410$5,501$3,251
15 years$9,216$7,889$6,727$5,717$4,844$2,735
16 years$8,551$7,238$6,099$5,119$4,281$2,307
17 years$7,964$6,666$5,550$4,599$3,796$1,951
18 years$7,443$6,159$5,066$4,145$3,375$1,654
19 years$6,978$5,708$4,638$3,745$3,008$1,404
20 years$6,559$5,305$4,256$3,392$2,687$1,193
21 years$6,181$4,941$3,915$3,078$2,405$1,016
22 years$5,838$4,612$3,608$2,799$2,155$865
23 years$5,525$4,314$3,332$2,549$1,935$738
24 years$5,239$4,042$3,081$2,325$1,739$630
25 years$4,976$3,793$2,854$2,123$1,565$538
26 years$4,733$3,565$2,647$1,941$1,410$459
27 years$4,509$3,355$2,458$1,777$1,271$392
28 years$4,302$3,161$2,285$1,628$1,147$336
29 years$4,108$2,982$2,126$1,493$1,035$287
30 years$3,929$2,816$1,980$1,370$936$245
31 years$3,761$2,662$1,846$1,258$846$210
32 years$3,604$2,519$1,723$1,157$765$180
33 years$3,456$2,386$1,608$1,064$692$154
34 years$3,318$2,261$1,503$979$627$132
35 years$3,188$2,145$1,405$901$568$113
36 years$3,065$2,036$1,314$830$515$97
37 years$2,950$1,933$1,230$764$466$83
38 years$2,840$1,837$1,152$705$423$71
39 years$2,737$1,747$1,079$650$383$61
40 years$2,639$1,662$1,012$599$348$52
41 years$2,546$1,582$949$553$315$45
42 years$2,457$1,507$890$510$286$38
43 years$2,373$1,436$835$471$260$33
44 years$2,293$1,369$784$435$236$28
45 years$2,217$1,305$736$402$214$24
46 years$2,144$1,245$691$371$194$21
47 years$2,075$1,188$649$343$176$18
48 years$2,008$1,134$610$317$160$15
49 years$1,945$1,083$574$293$146$13
50 years$1,884$1,035$539$271$132$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,930,000, adding $3,608 every year, while hoping to spend $58,958 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: 52/33/15 Blend
60$1,930,000$1,930,000$1,930,000$1,930,000
61$2,130,582$2,028,292$1,998,377$2,232,564
62$2,285,170$2,064,947$2,002,591$2,339,425
63$2,453,551$2,101,423$2,004,971$2,449,056
64$2,637,068$2,137,647$2,005,393$2,566,975
65$2,837,201$2,173,544$2,003,726$2,693,984
66$3,055,579$2,209,032$1,999,834$2,830,966
67$3,293,995$2,244,021$1,993,575$2,978,895
68$3,554,421$2,278,417$1,984,799$3,138,848
69$3,839,031$2,312,119$1,973,349$3,312,009
70$4,150,217$2,345,016$1,959,060$3,499,686
71$4,490,610$2,376,993$1,941,760$3,703,321
72$4,863,111$2,407,925$1,921,268$3,924,504
73$5,270,913$2,437,678$1,897,395$4,164,989
74$5,717,532$2,466,110$1,869,943$4,426,712
75$6,206,838$2,493,067$1,838,705$4,711,806
76$6,743,097$2,518,389$1,803,462$5,022,625
77$7,331,003$2,541,900$1,763,989$5,361,765
78$7,975,730$2,563,417$1,720,046$5,732,089
79$8,682,972$2,582,743$1,671,386$6,136,755
80$9,459,006$2,599,668$1,617,748$6,579,246
81$10,310,742$2,613,969$1,558,860$7,063,402
82$11,245,793$2,625,408$1,494,437$7,593,461
83$12,272,544$2,633,734$1,424,181$8,174,094
84$13,400,234$2,638,678$1,347,782$8,810,455
85$14,639,040$2,639,954$1,264,914$9,508,225
86$16,000,170$2,637,261$1,175,237$10,273,672
87$17,495,977$2,630,276$1,078,397$11,113,707
88$19,140,065$2,618,658$974,022$12,035,951
89$20,947,424$2,602,044$861,724$13,048,809
90$22,934,569$2,580,052$741,099$14,161,548
91$25,119,693$2,552,273$611,724$15,384,389
92$27,522,843$2,518,275$473,158$16,728,600
93$30,166,103$2,477,601$324,940$18,206,608
94$33,073,808$2,429,766$166,587$19,832,116
95$36,272,768$2,374,256$0$21,620,230
96$39,792,523$2,310,528$0$23,587,995
97$43,665,621$2,238,004$0$25,781,871
98$47,927,924$2,156,076$0$28,195,508
99$52,618,947$2,064,098$0$30,851,324
100$57,782,229$1,961,388$0$33,774,033