Can I retire at age 61 with 1,610,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$132,952$131,768$130,613$129,485$128,384$124,724
2 years$65,818$64,592$63,404$62,252$61,135$57,476
3 years$43,443$42,212$41,027$39,886$38,787$35,244
4 years$32,257$31,030$29,857$28,735$27,663$24,263
5 years$25,548$24,328$23,170$22,072$21,029$17,781
6 years$21,076$19,866$18,725$17,651$16,639$13,547
7 years$17,884$16,683$15,561$14,512$13,532$10,595
8 years$15,490$14,300$13,197$12,173$11,226$8,443
9 years$13,630$12,451$11,366$10,369$9,454$6,821
10 years$12,142$10,975$9,909$8,938$8,055$5,570
11 years$10,926$9,770$8,724$7,779$6,928$4,585
12 years$9,913$8,769$7,742$6,823$6,004$3,800
13 years$9,056$7,925$6,917$6,024$5,235$3,165
14 years$8,323$7,204$6,215$5,347$4,589$2,648
15 years$7,688$6,581$5,611$4,769$4,041$2,223
16 years$7,133$6,038$5,088$4,270$3,571$1,871
17 years$6,644$5,560$4,630$3,837$3,166$1,579
18 years$6,209$5,138$4,226$3,458$2,815$1,335
19 years$5,821$4,762$3,869$3,124$2,509$1,131
20 years$5,472$4,425$3,551$2,830$2,242$959
21 years$5,157$4,122$3,266$2,568$2,006$814
22 years$4,870$3,847$3,010$2,335$1,798$692
23 years$4,609$3,598$2,779$2,126$1,614$589
24 years$4,370$3,372$2,570$1,939$1,451$501
25 years$4,151$3,164$2,381$1,771$1,305$427
26 years$3,949$2,974$2,208$1,619$1,176$364
27 years$3,762$2,799$2,050$1,482$1,060$310
28 years$3,588$2,637$1,906$1,358$957$265
29 years$3,427$2,488$1,774$1,245$864$226
30 years$3,277$2,349$1,652$1,143$780$193
31 years$3,137$2,221$1,540$1,050$706$164
32 years$3,006$2,102$1,437$965$638$140
33 years$2,883$1,990$1,342$887$578$120
34 years$2,768$1,886$1,254$816$523$102
35 years$2,659$1,789$1,172$751$474$87
36 years$2,557$1,698$1,096$692$429$75
37 years$2,461$1,613$1,026$638$389$64
38 years$2,369$1,533$961$588$353$55
39 years$2,283$1,457$900$542$320$47
40 years$2,201$1,387$844$500$290$40
41 years$2,123$1,320$791$461$263$34
42 years$2,050$1,257$742$426$239$29
43 years$1,980$1,198$697$393$217$25
44 years$1,913$1,142$654$363$197$21
45 years$1,849$1,089$614$335$179$18
46 years$1,789$1,039$577$309$162$15
47 years$1,731$991$542$286$147$13
48 years$1,675$946$509$264$134$11
49 years$1,623$904$479$244$121$10
50 years$1,572$863$450$226$110$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,610,000, adding $3,159 every year, while hoping to spend $41,518 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: 38/41/21 Blend
60$1,610,000$1,610,000$1,610,000$1,610,000
61$1,777,479$1,692,149$1,667,194$1,833,738
62$1,914,606$1,730,889$1,678,870$1,913,483
63$2,064,330$1,770,136$1,689,545$1,995,469
64$2,227,890$1,809,871$1,699,144$2,083,229
65$2,406,653$1,850,073$1,707,583$2,177,307
66$2,602,122$1,890,717$1,714,777$2,278,304
67$2,815,953$1,931,777$1,720,638$2,386,884
68$3,049,971$1,973,225$1,725,069$2,503,776
69$3,306,182$2,015,027$1,727,973$2,629,787
70$3,586,798$2,057,149$1,729,246$2,765,804
71$3,894,254$2,099,551$1,728,778$2,912,806
72$4,231,230$2,142,191$1,726,454$3,071,875
73$4,600,680$2,185,024$1,722,155$3,244,199
74$5,005,858$2,227,998$1,715,755$3,431,094
75$5,450,344$2,271,058$1,707,122$3,634,006
76$5,938,085$2,314,146$1,696,117$3,854,533
77$6,473,428$2,357,198$1,682,595$4,094,436
78$7,061,160$2,400,143$1,666,404$4,355,657
79$7,706,556$2,442,907$1,647,386$4,640,338
80$8,415,424$2,485,409$1,625,372$4,950,841
81$9,194,164$2,527,561$1,600,190$5,289,771
82$10,049,828$2,569,271$1,571,655$5,660,000
83$10,990,182$2,610,437$1,539,577$6,064,696
84$12,023,783$2,650,951$1,503,756$6,507,353
85$13,160,059$2,690,697$1,463,981$6,991,823
86$14,409,395$2,729,551$1,420,035$7,522,355
87$15,783,234$2,767,380$1,371,687$8,103,633
88$17,294,183$2,804,041$1,318,698$8,740,824
89$18,956,133$2,839,381$1,260,817$9,439,625
90$20,784,386$2,873,239$1,197,782$10,206,317
91$22,795,805$2,905,440$1,129,319$11,047,828
92$25,008,969$2,935,797$1,055,143$11,971,795
93$27,444,346$2,964,114$974,953$12,986,642
94$30,124,493$2,990,180$888,438$14,101,653
95$33,074,261$3,013,768$795,270$15,327,070
96$36,321,033$3,034,640$695,109$16,674,181
97$39,894,981$3,052,540$587,598$18,155,436
98$43,829,352$3,067,197$472,365$19,784,559
99$48,160,779$3,078,323$349,022$21,576,683
100$52,929,628$3,085,610$217,163$23,548,491