Can I retire at age 61 with 1,630,000?

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 $1,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$134,604$133,405$132,235$131,093$129,978$128,943
2 years$66,636$65,395$64,192$63,026$61,895$60,851
3 years$43,982$42,736$41,536$40,381$39,268$38,249
4 years$32,658$31,416$30,228$29,092$28,007$27,019
5 years$25,865$24,630$23,458$22,346$21,290$20,337
6 years$21,338$20,112$18,958$17,870$16,846$15,929
7 years$18,106$16,890$15,754$14,692$13,700$12,820
8 years$15,683$14,478$13,361$12,325$11,366$10,522
9 years$13,799$12,606$11,507$10,498$9,572$8,764
10 years$12,293$11,111$10,032$9,049$8,156$7,383
11 years$11,061$9,892$8,832$7,876$7,014$6,277
12 years$10,036$8,878$7,839$6,908$6,078$5,376
13 years$9,169$8,023$7,003$6,099$5,300$4,631
14 years$8,426$7,293$6,292$5,414$4,646$4,010
15 years$7,784$6,662$5,681$4,828$4,091$3,487
16 years$7,222$6,113$5,151$4,323$3,616$3,042
17 years$6,726$5,629$4,687$3,884$3,206$2,663
18 years$6,286$5,202$4,279$3,500$2,850$2,336
19 years$5,893$4,821$3,917$3,163$2,541$2,055
20 years$5,540$4,480$3,595$2,865$2,269$1,810
21 years$5,221$4,173$3,306$2,600$2,031$1,598
22 years$4,931$3,895$3,047$2,364$1,820$1,412
23 years$4,666$3,643$2,814$2,153$1,634$1,250
24 years$4,425$3,413$2,602$1,964$1,469$1,107
25 years$4,202$3,203$2,410$1,793$1,322$982
26 years$3,998$3,011$2,235$1,640$1,190$872
27 years$3,808$2,833$2,076$1,501$1,073$774
28 years$3,633$2,670$1,930$1,375$968$688
29 years$3,470$2,519$1,796$1,261$875$612
30 years$3,318$2,379$1,673$1,157$790$545
31 years$3,176$2,249$1,559$1,063$714$485
32 years$3,043$2,128$1,455$977$646$432
33 years$2,919$2,015$1,358$898$585$385
34 years$2,802$1,910$1,269$826$529$343
35 years$2,692$1,811$1,187$761$480$306
36 years$2,589$1,719$1,110$701$435$273
37 years$2,491$1,633$1,039$646$394$243
38 years$2,399$1,552$973$595$357$217
39 years$2,311$1,476$912$549$324$194
40 years$2,228$1,404$854$506$294$173
41 years$2,150$1,336$801$467$266$154
42 years$2,075$1,273$752$431$242$138
43 years$2,004$1,213$705$398$219$123
44 years$1,937$1,156$662$367$199$110
45 years$1,872$1,102$622$339$181$98
46 years$1,811$1,052$584$313$164$88
47 years$1,752$1,003$548$289$149$78
48 years$1,696$958$515$267$135$70
49 years$1,643$915$484$247$123$62
50 years$1,591$874$455$228$112$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,630,000, adding $5,899 every year, while hoping to spend $55,977 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: 67/17/16 Blend
60$1,630,000$1,630,000$1,630,000$1,630,000
61$1,802,345$1,715,955$1,690,690$1,915,823
62$1,926,625$1,740,478$1,687,769$2,016,859
63$2,061,705$1,764,326$1,682,874$2,120,191
64$2,208,629$1,787,407$1,675,880$2,231,789
65$2,368,543$1,809,624$1,666,655$2,352,460
66$2,542,708$1,830,870$1,655,062$2,483,094
67$2,732,515$1,851,033$1,640,958$2,624,674
68$2,939,491$1,869,993$1,624,189$2,778,281
69$3,165,319$1,887,622$1,604,599$2,945,108
70$3,411,850$1,903,785$1,582,022$3,126,472
71$3,681,124$1,918,335$1,556,284$3,323,823
72$3,975,382$1,931,117$1,527,204$3,538,761
73$4,297,097$1,941,968$1,494,591$3,773,048
74$4,648,988$1,950,711$1,458,247$4,028,629
75$5,034,050$1,957,161$1,417,964$4,307,647
76$5,455,581$1,961,119$1,373,523$4,612,468
77$5,917,211$1,962,375$1,324,697$4,945,695
78$6,422,940$1,960,705$1,271,248$5,310,204
79$6,977,172$1,955,872$1,212,927$5,709,163
80$7,584,757$1,947,623$1,149,473$6,146,064
81$8,251,037$1,935,692$1,080,615$6,624,760
82$8,981,896$1,919,793$1,006,069$7,149,498
83$9,783,813$1,899,627$925,536$7,724,959
84$10,663,928$1,874,875$838,708$8,356,306
85$11,630,103$1,845,198$745,259$9,049,231
86$12,690,999$1,810,238$644,850$9,810,009
87$13,856,157$1,769,616$537,129$10,645,558
88$15,136,087$1,722,929$421,725$11,563,508
89$16,542,368$1,669,753$298,253$12,572,266
90$18,087,756$1,609,637$166,310$13,681,104
91$19,786,302$1,542,104$25,477$14,900,244
92$21,653,488$1,466,651$0$16,240,954
93$23,706,370$1,382,743$0$17,736,965
94$25,963,739$1,289,817$0$19,386,691
95$28,446,298$1,187,276$0$21,200,956
96$31,176,858$1,074,489$0$23,196,489
97$34,180,549$950,791$0$25,391,726
98$37,485,062$815,476$0$27,806,986
99$41,120,905$667,801$0$30,464,663
100$45,121,694$506,980$0$33,389,433