Can I retire at age 61 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$164,332$162,869$161,440$160,046$158,685$157,553
2 years$81,353$79,838$78,369$76,945$75,564$74,423
3 years$53,696$52,175$50,710$49,300$47,941$46,826
4 years$39,871$38,354$36,904$35,518$34,192$33,111
5 years$31,578$30,070$28,639$27,281$25,992$24,949
6 years$26,051$24,554$23,145$21,817$20,567$19,562
7 years$22,105$20,621$19,233$17,937$16,726$15,761
8 years$19,146$17,676$16,311$15,047$13,876$12,950
9 years$16,847$15,390$14,049$12,816$11,686$10,799
10 years$15,008$13,565$12,248$11,048$9,957$9,109
11 years$13,504$12,077$10,783$9,615$8,563$7,754
12 years$12,253$10,839$9,570$8,434$7,421$6,649
13 years$11,194$9,796$8,550$7,446$6,471$5,736
14 years$10,288$8,904$7,682$6,609$5,672$4,973
15 years$9,503$8,134$6,936$5,894$4,994$4,329
16 years$8,816$7,463$6,288$5,278$4,414$3,783
17 years$8,212$6,873$5,722$4,742$3,914$3,315
18 years$7,675$6,351$5,224$4,274$3,480$2,913
19 years$7,195$5,886$4,782$3,862$3,102$2,566
20 years$6,763$5,469$4,389$3,497$2,771$2,264
21 years$6,374$5,095$4,037$3,174$2,479$2,001
22 years$6,020$4,756$3,720$2,886$2,222$1,771
23 years$5,697$4,448$3,435$2,628$1,995$1,570
24 years$5,402$4,167$3,177$2,397$1,793$1,393
25 years$5,131$3,911$2,943$2,189$1,614$1,237
26 years$4,881$3,676$2,729$2,002$1,453$1,100
27 years$4,649$3,459$2,534$1,832$1,310$979
28 years$4,435$3,259$2,356$1,679$1,182$871
29 years$4,236$3,075$2,192$1,539$1,068$776
30 years$4,051$2,904$2,042$1,413$965$692
31 years$3,878$2,745$1,904$1,298$872$617
32 years$3,716$2,598$1,776$1,192$789$550
33 years$3,564$2,460$1,658$1,097$714$491
34 years$3,421$2,331$1,550$1,009$646$439
35 years$3,287$2,211$1,449$929$586$392
36 years$3,161$2,099$1,355$855$530$350
37 years$3,041$1,993$1,269$788$481$313
38 years$2,928$1,894$1,188$726$436$279
39 years$2,822$1,801$1,113$670$395$250
40 years$2,721$1,714$1,043$618$359$223
41 years$2,625$1,632$978$570$325$200
42 years$2,534$1,554$918$526$295$178
43 years$2,447$1,480$861$486$268$160
44 years$2,364$1,411$808$448$243$143
45 years$2,286$1,346$759$414$221$128
46 years$2,211$1,284$713$382$200$114
47 years$2,139$1,225$670$353$182$102
48 years$2,071$1,170$629$327$165$91
49 years$2,006$1,117$591$302$150$82
50 years$1,943$1,067$556$279$136$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,990,000, adding $4,606 every year, while hoping to spend $53,149 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: 41/41/18 Blend
60$1,990,000$1,990,000$1,990,000$1,990,000
61$2,197,731$2,092,261$2,061,416$2,276,002
62$2,365,350$2,138,232$2,073,923$2,377,998
63$2,548,284$2,184,674$2,085,068$2,482,820
64$2,748,040$2,231,554$2,094,749$2,595,162
65$2,966,276$2,278,836$2,102,859$2,715,739
66$3,204,817$2,326,479$2,109,286$2,845,336
67$3,465,672$2,374,441$2,113,911$2,984,821
68$3,751,055$2,422,673$2,116,611$3,135,150
69$4,063,400$2,471,122$2,117,256$3,297,377
70$4,405,392$2,519,732$2,115,709$3,472,665
71$4,779,985$2,568,441$2,111,827$3,662,296
72$5,190,430$2,617,182$2,105,461$3,867,682
73$5,640,313$2,665,882$2,096,452$4,090,382
74$6,133,577$2,714,463$2,084,636$4,332,115
75$6,674,570$2,762,840$2,069,840$4,594,776
76$7,268,079$2,810,922$2,051,881$4,880,455
77$7,919,375$2,858,609$2,030,572$5,191,456
78$8,634,267$2,905,797$2,005,712$5,530,322
79$9,419,153$2,952,371$1,977,093$5,899,855
80$10,281,078$2,998,209$1,944,498$6,303,146
81$11,227,807$3,043,181$1,907,698$6,743,604
82$12,267,891$3,087,144$1,866,453$7,224,989
83$13,410,752$3,129,950$1,820,515$7,751,445
84$14,666,767$3,171,436$1,769,621$8,327,546
85$16,047,372$3,211,431$1,713,498$8,958,331
86$17,565,164$3,249,751$1,651,860$9,649,361
87$19,234,020$3,286,198$1,584,407$10,406,765
88$21,069,232$3,320,564$1,510,826$11,237,306
89$23,087,645$3,352,623$1,430,791$12,148,436
90$25,307,822$3,382,138$1,343,959$13,148,376
91$27,750,211$3,408,855$1,249,973$14,246,191
92$30,437,345$3,432,501$1,148,460$15,451,876
93$33,394,050$3,452,790$1,039,029$16,776,450
94$36,647,681$3,469,414$921,274$18,232,065
95$40,228,376$3,482,046$794,768$19,832,120
96$44,169,344$3,490,341$659,067$21,591,388
97$48,507,178$3,493,929$513,707$23,526,158
98$53,282,197$3,492,418$358,202$25,654,387
99$58,538,827$3,485,392$192,048$27,995,876
100$64,326,022$3,472,411$14,716$30,572,455