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

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$137,081$135,860$134,669$133,506$132,371$129,118
2 years$67,862$66,598$65,373$64,186$63,034$59,777
3 years$44,792$43,523$42,301$41,124$39,991$36,832
4 years$33,259$31,994$30,784$29,628$28,522$25,485
5 years$26,341$25,083$23,890$22,757$21,682$18,775
6 years$21,731$20,483$19,306$18,199$17,156$14,382
7 years$18,439$17,201$16,044$14,962$13,953$11,312
8 years$15,971$14,745$13,606$12,552$11,575$9,067
9 years$14,053$12,838$11,719$10,691$9,748$7,370
10 years$12,519$11,316$10,217$9,216$8,306$6,056
11 years$11,265$10,074$8,995$8,021$7,143$5,018
12 years$10,221$9,042$7,983$7,035$6,190$4,185
13 years$9,338$8,171$7,132$6,211$5,398$3,510
14 years$8,582$7,427$6,408$5,513$4,732$2,957
15 years$7,927$6,785$5,786$4,917$4,166$2,499
16 years$7,354$6,225$5,246$4,403$3,682$2,119
17 years$6,850$5,733$4,773$3,956$3,265$1,801
18 years$6,402$5,298$4,357$3,565$2,903$1,535
19 years$6,002$4,910$3,989$3,221$2,587$1,309
20 years$5,642$4,562$3,661$2,917$2,311$1,119
21 years$5,317$4,250$3,367$2,648$2,068$958
22 years$5,021$3,967$3,104$2,407$1,854$820
23 years$4,752$3,710$2,866$2,192$1,664$703
24 years$4,506$3,476$2,650$2,000$1,496$603
25 years$4,280$3,262$2,455$1,826$1,346$518
26 years$4,071$3,066$2,276$1,670$1,212$445
27 years$3,878$2,885$2,114$1,528$1,093$383
28 years$3,700$2,719$1,965$1,400$986$329
29 years$3,534$2,565$1,829$1,284$891$283
30 years$3,379$2,422$1,703$1,179$805$243
31 years$3,235$2,290$1,588$1,082$728$210
32 years$3,099$2,167$1,482$995$658$180
33 years$2,973$2,052$1,383$915$596$155
34 years$2,854$1,945$1,293$842$539$134
35 years$2,742$1,845$1,208$775$488$115
36 years$2,636$1,751$1,131$714$443$99
37 years$2,537$1,663$1,058$657$401$85
38 years$2,443$1,580$991$606$364$74
39 years$2,354$1,503$928$559$330$63
40 years$2,269$1,430$870$515$299$55
41 years$2,189$1,361$816$475$271$47
42 years$2,113$1,296$765$439$246$41
43 years$2,041$1,235$718$405$223$35
44 years$1,972$1,177$674$374$203$30
45 years$1,907$1,123$633$345$184$26
46 years$1,844$1,071$595$319$167$22
47 years$1,785$1,022$559$295$152$19
48 years$1,727$976$525$272$138$17
49 years$1,673$932$493$252$125$14
50 years$1,621$890$464$233$114$12

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 $5,723 every year, while hoping to spend $47,655 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: 64/24/12 Blend
60$1,660,000$1,660,000$1,660,000$1,660,000
61$1,835,223$1,747,243$1,721,513$1,947,256
62$1,971,711$1,782,154$1,728,479$2,057,760
63$2,120,524$1,817,177$1,734,082$2,172,356
64$2,282,869$1,852,270$1,738,224$2,296,337
65$2,460,073$1,887,382$1,740,806$2,430,613
66$2,653,598$1,922,463$1,741,722$2,576,190
67$2,865,056$1,957,454$1,740,859$2,734,176
68$3,096,216$1,992,294$1,738,103$2,905,790
69$3,349,032$2,026,918$1,733,331$3,092,376
70$3,625,650$2,061,253$1,726,415$3,295,417
71$3,928,436$2,095,225$1,717,219$3,516,544
72$4,259,995$2,128,749$1,705,605$3,757,557
73$4,623,195$2,161,738$1,691,423$4,020,438
74$5,021,195$2,194,097$1,674,519$4,307,371
75$5,457,473$2,225,725$1,654,732$4,620,766
76$5,935,862$2,256,512$1,631,892$4,963,276
77$6,460,580$2,286,341$1,605,821$5,337,826
78$7,036,277$2,315,089$1,576,334$5,747,640
79$7,668,071$2,342,623$1,543,235$6,196,271
80$8,361,602$2,368,799$1,506,321$6,687,636
81$9,123,082$2,393,467$1,465,379$7,226,052
82$9,959,354$2,416,464$1,420,187$7,816,276
83$10,877,955$2,437,618$1,370,511$8,463,553
84$11,887,191$2,456,745$1,316,107$9,173,663
85$12,996,208$2,473,650$1,256,720$9,952,978
86$14,215,086$2,488,124$1,192,085$10,808,520
87$15,554,927$2,499,944$1,121,922$11,748,030
88$17,027,964$2,508,876$1,045,941$12,780,040
89$18,647,674$2,514,668$963,837$13,913,955
90$20,428,903$2,517,053$875,293$15,160,139
91$22,388,012$2,515,750$779,976$16,530,018
92$24,543,024$2,510,456$677,540$18,036,186
93$26,913,797$2,500,853$567,622$19,692,524
94$29,522,212$2,486,603$449,845$21,514,331
95$32,392,376$2,467,345$323,813$23,518,471
96$35,550,853$2,442,698$189,115$25,723,531
97$39,026,909$2,412,260$45,319$28,149,999
98$42,852,793$2,375,600$0$30,820,455
99$47,064,040$2,332,267$0$33,773,635
100$51,699,802$2,281,778$0$37,030,219