Can I retire at age 61 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$136,255$135,042$133,858$132,702$131,573$128,549
2 years$67,453$66,197$64,979$63,799$62,654$59,624
3 years$44,522$43,260$42,046$40,877$39,750$36,809
4 years$33,059$31,801$30,599$29,449$28,350$25,520
5 years$26,183$24,932$23,746$22,620$21,551$18,841
6 years$21,600$20,359$19,190$18,089$17,053$14,464
7 years$18,328$17,098$15,947$14,872$13,869$11,403
8 years$15,875$14,656$13,524$12,476$11,505$9,161
9 years$13,968$12,761$11,649$10,627$9,689$7,464
10 years$12,444$11,248$10,156$9,160$8,256$6,148
11 years$11,197$10,013$8,941$7,972$7,100$5,107
12 years$10,159$8,987$7,935$6,993$6,153$4,271
13 years$9,281$8,122$7,089$6,174$5,365$3,592
14 years$8,530$7,383$6,370$5,480$4,703$3,034
15 years$7,879$6,744$5,751$4,887$4,141$2,572
16 years$7,310$6,188$5,214$4,376$3,660$2,187
17 years$6,809$5,699$4,745$3,932$3,245$1,864
18 years$6,363$5,266$4,331$3,543$2,885$1,593
19 years$5,966$4,880$3,965$3,202$2,572$1,363
20 years$5,608$4,535$3,639$2,900$2,297$1,169
21 years$5,285$4,224$3,347$2,632$2,056$1,003
22 years$4,991$3,943$3,085$2,393$1,843$862
23 years$4,724$3,688$2,848$2,179$1,654$741
24 years$4,479$3,455$2,634$1,988$1,487$638
25 years$4,254$3,243$2,440$1,815$1,338$550
26 years$4,047$3,048$2,263$1,660$1,205$474
27 years$3,855$2,868$2,101$1,519$1,086$408
28 years$3,677$2,703$1,953$1,392$980$352
29 years$3,512$2,550$1,818$1,276$885$304
30 years$3,359$2,408$1,693$1,171$800$262
31 years$3,215$2,276$1,578$1,076$723$227
32 years$3,081$2,154$1,473$989$654$196
33 years$2,955$2,040$1,375$909$592$169
34 years$2,837$1,933$1,285$837$536$146
35 years$2,725$1,834$1,201$770$485$126
36 years$2,621$1,740$1,124$709$440$109
37 years$2,522$1,653$1,052$653$399$94
38 years$2,428$1,571$985$602$361$82
39 years$2,340$1,494$923$555$328$71
40 years$2,256$1,421$865$512$297$61
41 years$2,176$1,353$811$473$270$53
42 years$2,101$1,288$761$436$245$46
43 years$2,029$1,228$714$403$222$39
44 years$1,960$1,170$670$372$202$34
45 years$1,895$1,116$629$343$183$29
46 years$1,833$1,064$591$317$166$26
47 years$1,774$1,016$555$293$151$22
48 years$1,717$970$522$271$137$19
49 years$1,663$926$490$250$124$17
50 years$1,611$885$461$231$113$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,650,000, adding $3,812 every year, while hoping to spend $24,143 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: 62/32/6 Blend
60$1,650,000$1,650,000$1,650,000$1,650,000
61$1,822,232$1,734,782$1,709,207$1,933,023
62$1,982,412$1,794,098$1,740,778$2,066,731
63$2,158,121$1,855,512$1,772,596$2,209,436
64$2,350,917$1,919,100$1,804,647$2,364,562
65$2,562,518$1,984,944$1,836,910$2,533,309
66$2,794,814$2,053,125$1,869,365$2,716,995
67$3,049,888$2,123,731$1,901,992$2,917,070
68$3,330,035$2,196,852$1,934,767$3,135,132
69$3,637,782$2,272,582$1,967,665$3,372,936
70$3,975,914$2,351,016$2,000,660$3,632,418
71$4,347,498$2,432,257$2,033,724$3,915,704
72$4,755,915$2,516,409$2,066,825$4,225,138
73$5,204,886$2,603,582$2,099,931$4,563,298
74$5,698,514$2,693,887$2,133,009$4,933,021
75$6,241,319$2,787,443$2,166,021$5,337,434
76$6,838,278$2,884,373$2,198,927$5,779,976
77$7,494,878$2,984,803$2,231,687$6,264,437
78$8,217,163$3,088,866$2,264,256$6,794,986
79$9,011,792$3,196,698$2,296,587$7,376,218
80$9,886,102$3,308,444$2,328,630$8,013,190
81$10,848,178$3,424,251$2,360,332$8,711,473
82$11,906,926$3,544,273$2,391,638$9,477,201
83$13,072,163$3,668,673$2,422,487$10,317,130
84$14,354,701$3,797,616$2,452,819$11,238,702
85$15,766,458$3,931,276$2,482,565$12,250,112
86$17,320,562$4,069,834$2,511,657$13,360,387
87$19,031,482$4,213,478$2,540,019$14,579,471
88$20,915,158$4,362,404$2,567,575$15,918,316
89$22,989,157$4,516,815$2,594,242$17,388,988
90$25,272,835$4,676,922$2,619,933$19,004,777
91$27,787,519$4,842,946$2,644,556$20,780,324
92$30,556,713$5,015,117$2,668,015$22,731,758
93$33,606,312$5,193,672$2,690,207$24,876,845
94$36,964,854$5,378,860$2,711,028$27,235,162
95$40,663,784$5,570,939$2,730,362$29,828,272
96$44,737,753$5,770,179$2,748,093$32,679,933
97$49,224,945$5,976,858$2,764,094$35,816,320
98$54,167,434$6,191,269$2,778,236$39,266,270
99$59,611,585$6,413,714$2,790,380$43,061,556
100$65,608,491$6,644,511$2,800,382$47,237,182