Can I retire at age 61 with 1,660,000?

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 $1,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$137,081$135,860$134,669$133,506$132,371$128,494
2 years$67,862$66,598$65,373$64,186$63,034$59,159
3 years$44,792$43,523$42,301$41,124$39,991$36,241
4 years$33,259$31,994$30,784$29,628$28,522$24,924
5 years$26,341$25,083$23,890$22,757$21,682$18,246
6 years$21,731$20,483$19,306$18,199$17,156$13,886
7 years$18,439$17,201$16,044$14,962$13,953$10,848
8 years$15,971$14,745$13,606$12,552$11,575$8,634
9 years$14,053$12,838$11,719$10,691$9,748$6,967
10 years$12,519$11,316$10,217$9,216$8,306$5,682
11 years$11,265$10,074$8,995$8,021$7,143$4,672
12 years$10,221$9,042$7,983$7,035$6,190$3,866
13 years$9,338$8,171$7,132$6,211$5,398$3,216
14 years$8,582$7,427$6,408$5,513$4,732$2,687
15 years$7,927$6,785$5,786$4,917$4,166$2,252
16 years$7,354$6,225$5,246$4,403$3,682$1,894
17 years$6,850$5,733$4,773$3,956$3,265$1,596
18 years$6,402$5,298$4,357$3,565$2,903$1,347
19 years$6,002$4,910$3,989$3,221$2,587$1,139
20 years$5,642$4,562$3,661$2,917$2,311$965
21 years$5,317$4,250$3,367$2,648$2,068$818
22 years$5,021$3,967$3,104$2,407$1,854$694
23 years$4,752$3,710$2,866$2,192$1,664$590
24 years$4,506$3,476$2,650$2,000$1,496$501
25 years$4,280$3,262$2,455$1,826$1,346$426
26 years$4,071$3,066$2,276$1,670$1,212$363
27 years$3,878$2,885$2,114$1,528$1,093$309
28 years$3,700$2,719$1,965$1,400$986$263
29 years$3,534$2,565$1,829$1,284$891$224
30 years$3,379$2,422$1,703$1,179$805$191
31 years$3,235$2,290$1,588$1,082$728$162
32 years$3,099$2,167$1,482$995$658$138
33 years$2,973$2,052$1,383$915$596$118
34 years$2,854$1,945$1,293$842$539$101
35 years$2,742$1,845$1,208$775$488$86
36 years$2,636$1,751$1,131$714$443$73
37 years$2,537$1,663$1,058$657$401$62
38 years$2,443$1,580$991$606$364$53
39 years$2,354$1,503$928$559$330$45
40 years$2,269$1,430$870$515$299$39
41 years$2,189$1,361$816$475$271$33
42 years$2,113$1,296$765$439$246$28
43 years$2,041$1,235$718$405$223$24
44 years$1,972$1,177$674$374$203$21
45 years$1,907$1,123$633$345$184$17
46 years$1,844$1,071$595$319$167$15
47 years$1,785$1,022$559$295$152$13
48 years$1,727$976$525$272$138$11
49 years$1,673$932$493$252$125$9
50 years$1,621$890$464$233$114$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,660,000, adding $2,003 every year, while hoping to spend $53,996 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: 81/5/14 Blend
60$1,660,000$1,660,000$1,660,000$1,660,000
61$1,831,386$1,743,406$1,717,676$1,974,519
62$1,960,736$1,771,382$1,717,767$2,096,802
63$2,101,470$1,798,918$1,716,051$2,223,782
64$2,254,692$1,825,938$1,712,411$2,361,610
65$2,421,618$1,852,355$1,706,723$2,511,346
66$2,603,583$1,878,081$1,698,859$2,674,162
67$2,802,061$1,903,019$1,688,683$2,851,346
68$3,018,669$1,927,065$1,676,052$3,044,319
69$3,255,192$1,950,110$1,660,819$3,254,644
70$3,513,592$1,972,036$1,642,826$3,484,045
71$3,796,029$1,992,716$1,621,912$3,734,421
72$4,104,882$2,012,018$1,597,904$4,007,863
73$4,442,771$2,029,797$1,570,625$4,306,676
74$4,812,579$2,045,903$1,539,886$4,633,400
75$5,217,481$2,060,171$1,505,491$4,990,831
76$5,660,976$2,072,431$1,467,236$5,382,054
77$6,146,913$2,082,497$1,424,906$5,810,465
78$6,679,533$2,090,175$1,378,276$6,279,808
79$7,263,509$2,095,257$1,327,112$6,794,206
80$7,903,984$2,097,522$1,271,167$7,358,207
81$8,606,625$2,096,735$1,210,186$7,976,817
82$9,377,673$2,092,647$1,143,899$8,655,557
83$10,224,002$2,084,994$1,072,026$9,400,509
84$11,153,186$2,073,494$994,275$10,218,376
85$12,173,567$2,057,851$910,339$11,116,544
86$13,294,333$2,037,748$819,898$12,103,154
87$14,525,608$2,012,850$722,617$13,187,175
88$15,878,543$1,982,803$618,148$14,378,493
89$17,365,424$1,947,231$506,126$15,688,003
90$18,999,787$1,905,734$386,170$17,127,709
91$20,796,541$1,857,891$257,883$18,710,844
92$22,772,116$1,803,255$120,850$20,451,988
93$24,944,611$1,741,354$0$22,367,210
94$27,333,967$1,671,686$0$24,478,012
95$29,962,155$1,593,722$0$26,819,628
96$32,853,382$1,506,902$0$29,395,564
97$36,034,320$1,410,633$0$32,229,598
98$39,534,355$1,304,288$0$35,347,927
99$43,385,866$1,187,205$0$38,779,419
100$47,624,530$1,058,684$0$42,555,881