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%19.9%
1 years$137,081$135,860$134,669$133,506$132,371$127,119
2 years$67,862$66,598$65,373$64,186$63,034$57,808
3 years$44,792$43,523$42,301$41,124$39,991$34,955
4 years$33,259$31,994$30,784$29,628$28,522$23,715
5 years$26,341$25,083$23,890$22,757$21,682$17,116
6 years$21,731$20,483$19,306$18,199$17,156$12,834
7 years$18,439$17,201$16,044$14,962$13,953$9,873
8 years$15,971$14,745$13,606$12,552$11,575$7,733
9 years$14,053$12,838$11,719$10,691$9,748$6,138
10 years$12,519$11,316$10,217$9,216$8,306$4,921
11 years$11,265$10,074$8,995$8,021$7,143$3,976
12 years$10,221$9,042$7,983$7,035$6,190$3,232
13 years$9,338$8,171$7,132$6,211$5,398$2,639
14 years$8,582$7,427$6,408$5,513$4,732$2,164
15 years$7,927$6,785$5,786$4,917$4,166$1,780
16 years$7,354$6,225$5,246$4,403$3,682$1,467
17 years$6,850$5,733$4,773$3,956$3,265$1,212
18 years$6,402$5,298$4,357$3,565$2,903$1,003
19 years$6,002$4,910$3,989$3,221$2,587$831
20 years$5,642$4,562$3,661$2,917$2,311$689
21 years$5,317$4,250$3,367$2,648$2,068$572
22 years$5,021$3,967$3,104$2,407$1,854$475
23 years$4,752$3,710$2,866$2,192$1,664$395
24 years$4,506$3,476$2,650$2,000$1,496$329
25 years$4,280$3,262$2,455$1,826$1,346$274
26 years$4,071$3,066$2,276$1,670$1,212$228
27 years$3,878$2,885$2,114$1,528$1,093$190
28 years$3,700$2,719$1,965$1,400$986$158
29 years$3,534$2,565$1,829$1,284$891$132
30 years$3,379$2,422$1,703$1,179$805$110
31 years$3,235$2,290$1,588$1,082$728$91
32 years$3,099$2,167$1,482$995$658$76
33 years$2,973$2,052$1,383$915$596$64
34 years$2,854$1,945$1,293$842$539$53
35 years$2,742$1,845$1,208$775$488$44
36 years$2,636$1,751$1,131$714$443$37
37 years$2,537$1,663$1,058$657$401$31
38 years$2,443$1,580$991$606$364$26
39 years$2,354$1,503$928$559$330$21
40 years$2,269$1,430$870$515$299$18
41 years$2,189$1,361$816$475$271$15
42 years$2,113$1,296$765$439$246$12
43 years$2,041$1,235$718$405$223$10
44 years$1,972$1,177$674$374$203$9
45 years$1,907$1,123$633$345$184$7
46 years$1,844$1,071$595$319$167$6
47 years$1,785$1,022$559$295$152$5
48 years$1,727$976$525$272$138$4
49 years$1,673$932$493$252$125$3
50 years$1,621$890$464$233$114$3

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 $6,714 every year, while hoping to spend $46,737 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: 78/16/6 Blend
60$1,660,000$1,660,000$1,660,000$1,660,000
61$1,836,245$1,748,265$1,722,535$1,977,987
62$1,973,815$1,784,203$1,730,513$2,107,828
63$2,123,850$1,820,334$1,737,191$2,243,410
64$2,287,572$1,856,621$1,742,476$2,390,702
65$2,466,328$1,893,019$1,746,273$2,550,847
66$2,661,598$1,929,481$1,748,477$2,725,103
67$2,875,011$1,965,956$1,748,982$2,914,857
68$3,108,364$2,002,390$1,747,674$3,121,635
69$3,363,632$2,038,721$1,744,436$3,347,119
70$3,642,991$2,074,887$1,739,144$3,593,161
71$3,948,838$2,110,818$1,731,666$3,861,801
72$4,283,809$2,146,439$1,721,867$4,155,285
73$4,650,812$2,181,668$1,709,604$4,476,090
74$5,053,046$2,216,421$1,694,727$4,826,941
75$5,494,035$2,250,604$1,677,079$5,210,844
76$5,977,661$2,284,118$1,656,495$5,631,107
77$6,508,198$2,316,855$1,632,803$6,091,378
78$7,090,356$2,348,703$1,605,824$6,595,673
79$7,729,321$2,379,538$1,575,368$7,148,418
80$8,430,807$2,409,230$1,541,237$7,754,492
81$9,201,106$2,437,640$1,503,226$8,419,267
82$10,047,153$2,464,618$1,461,118$9,148,664
83$10,976,583$2,490,005$1,414,686$9,949,207
84$11,997,811$2,513,632$1,363,695$10,828,086
85$13,120,105$2,535,317$1,307,896$11,793,222
86$14,353,677$2,554,869$1,247,031$12,853,343
87$15,709,775$2,572,080$1,180,830$14,018,070
88$17,200,794$2,586,734$1,109,010$15,298,000
89$18,840,389$2,598,598$1,031,275$16,704,815
90$20,643,603$2,607,424$947,318$18,251,384
91$22,627,013$2,612,950$856,814$19,951,893
92$24,808,879$2,614,895$759,429$21,821,970
93$27,209,324$2,612,965$654,809$23,878,840
94$29,850,518$2,606,843$542,588$26,141,485
95$32,756,887$2,596,194$422,381$28,630,820
96$35,955,348$2,580,665$293,789$31,369,898
97$39,475,554$2,559,879$156,392$34,384,120
98$43,350,184$2,533,436$9,754$37,701,480
99$47,615,241$2,500,914$0$41,352,828
100$52,310,400$2,461,863$0$45,381,554