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

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$132,952$131,768$130,613$129,485$128,384$125,637
2 years$65,818$64,592$63,404$62,252$61,135$58,382
3 years$43,443$42,212$41,027$39,886$38,787$36,112
4 years$32,257$31,030$29,857$28,735$27,663$25,088
5 years$25,548$24,328$23,170$22,072$21,029$18,560
6 years$21,076$19,866$18,725$17,651$16,639$14,280
7 years$17,884$16,683$15,561$14,512$13,532$11,283
8 years$15,490$14,300$13,197$12,173$11,226$9,086
9 years$13,630$12,451$11,366$10,369$9,454$7,421
10 years$12,142$10,975$9,909$8,938$8,055$6,128
11 years$10,926$9,770$8,724$7,779$6,928$5,103
12 years$9,913$8,769$7,742$6,823$6,004$4,279
13 years$9,056$7,925$6,917$6,024$5,235$3,608
14 years$8,323$7,204$6,215$5,347$4,589$3,056
15 years$7,688$6,581$5,611$4,769$4,041$2,598
16 years$7,133$6,038$5,088$4,270$3,571$2,215
17 years$6,644$5,560$4,630$3,837$3,166$1,894
18 years$6,209$5,138$4,226$3,458$2,815$1,623
19 years$5,821$4,762$3,869$3,124$2,509$1,393
20 years$5,472$4,425$3,551$2,830$2,242$1,198
21 years$5,157$4,122$3,266$2,568$2,006$1,031
22 years$4,870$3,847$3,010$2,335$1,798$889
23 years$4,609$3,598$2,779$2,126$1,614$767
24 years$4,370$3,372$2,570$1,939$1,451$662
25 years$4,151$3,164$2,381$1,771$1,305$572
26 years$3,949$2,974$2,208$1,619$1,176$495
27 years$3,762$2,799$2,050$1,482$1,060$428
28 years$3,588$2,637$1,906$1,358$957$370
29 years$3,427$2,488$1,774$1,245$864$321
30 years$3,277$2,349$1,652$1,143$780$278
31 years$3,137$2,221$1,540$1,050$706$241
32 years$3,006$2,102$1,437$965$638$209
33 years$2,883$1,990$1,342$887$578$181
34 years$2,768$1,886$1,254$816$523$157
35 years$2,659$1,789$1,172$751$474$136
36 years$2,557$1,698$1,096$692$429$118
37 years$2,461$1,613$1,026$638$389$102
38 years$2,369$1,533$961$588$353$89
39 years$2,283$1,457$900$542$320$77
40 years$2,201$1,387$844$500$290$67
41 years$2,123$1,320$791$461$263$58
42 years$2,050$1,257$742$426$239$50
43 years$1,980$1,198$697$393$217$44
44 years$1,913$1,142$654$363$197$38
45 years$1,849$1,089$614$335$179$33
46 years$1,789$1,039$577$309$162$28
47 years$1,731$991$542$286$147$25
48 years$1,675$946$509$264$134$21
49 years$1,623$904$479$244$121$19
50 years$1,572$863$450$226$110$16

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 $2,488 every year, while hoping to spend $34,057 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: 47/34/19 Blend
60$1,610,000$1,610,000$1,610,000$1,610,000
61$1,776,786$1,691,456$1,666,501$1,850,604
62$1,921,782$1,738,101$1,686,093$1,948,940
63$2,080,426$1,785,890$1,705,199$2,051,986
64$2,254,074$1,834,844$1,723,768$2,163,114
65$2,444,220$1,884,982$1,741,745$2,283,097
66$2,652,508$1,936,323$1,759,070$2,412,780
67$2,880,749$1,988,888$1,775,685$2,553,097
68$3,130,938$2,042,696$1,791,523$2,705,076
69$3,405,271$2,097,766$1,806,516$2,869,847
70$3,706,168$2,154,116$1,820,594$3,048,656
71$4,036,294$2,211,764$1,833,680$3,242,876
72$4,398,584$2,270,728$1,845,696$3,454,017
73$4,796,270$2,331,024$1,856,557$3,683,743
74$5,232,915$2,392,670$1,866,178$3,933,889
75$5,712,442$2,455,680$1,874,464$4,206,472
76$6,239,172$2,520,070$1,881,319$4,503,720
77$6,817,866$2,585,852$1,886,643$4,828,081
78$7,453,770$2,653,040$1,890,327$5,182,257
79$8,152,661$2,721,646$1,892,259$5,569,222
80$8,920,905$2,791,679$1,892,323$5,992,254
81$9,765,516$2,863,149$1,890,393$6,454,965
82$10,694,218$2,936,064$1,886,342$6,961,333
83$11,715,527$3,010,429$1,880,032$7,515,744
84$12,838,819$3,086,248$1,871,321$8,123,029
85$14,074,428$3,163,524$1,860,061$8,788,511
86$15,433,741$3,242,258$1,846,094$9,518,057
87$16,929,300$3,322,446$1,829,256$10,318,131
88$18,574,928$3,404,086$1,809,375$11,195,857
89$20,385,854$3,487,169$1,786,272$12,159,085
90$22,378,857$3,571,686$1,759,758$13,216,466
91$24,572,426$3,657,624$1,729,636$14,377,532
92$26,986,933$3,744,968$1,695,698$15,652,788
93$29,644,826$3,833,697$1,657,730$17,053,813
94$32,570,839$3,923,788$1,615,504$18,593,364
95$35,792,225$4,015,214$1,568,784$20,285,502
96$39,339,016$4,107,944$1,517,323$22,145,720
97$43,244,304$4,201,941$1,460,861$24,191,095
98$47,544,551$4,297,164$1,399,128$26,440,445
99$52,279,937$4,393,567$1,331,841$28,914,508
100$57,494,736$4,491,098$1,258,703$31,636,141