Can I retire at age 61 with 1,670,000?

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 $1,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$137,907$136,679$135,480$134,310$133,168$132,607
2 years$68,271$66,999$65,767$64,572$63,413$62,847
3 years$45,062$43,785$42,556$41,372$40,232$39,678
4 years$33,460$32,186$30,970$29,806$28,694$28,156
5 years$26,500$25,235$24,034$22,894$21,813$21,293
6 years$21,862$20,606$19,423$18,309$17,260$16,758
7 years$18,550$17,305$16,140$15,052$14,037$13,554
8 years$16,068$14,833$13,688$12,627$11,645$11,182
9 years$14,138$12,915$11,790$10,756$9,807$9,362
10 years$12,595$11,384$10,279$9,271$8,356$7,930
11 years$11,333$10,135$9,049$8,069$7,186$6,779
12 years$10,282$9,096$8,031$7,077$6,227$5,838
13 years$9,394$8,220$7,175$6,248$5,430$5,059
14 years$8,633$7,472$6,447$5,547$4,760$4,406
15 years$7,975$6,826$5,821$4,947$4,191$3,854
16 years$7,399$6,263$5,277$4,429$3,704$3,384
17 years$6,891$5,768$4,802$3,980$3,284$2,980
18 years$6,441$5,330$4,384$3,586$2,920$2,631
19 years$6,038$4,939$4,013$3,241$2,603$2,329
20 years$5,676$4,590$3,683$2,935$2,325$2,065
21 years$5,349$4,275$3,388$2,664$2,081$1,835
22 years$5,052$3,991$3,122$2,422$1,865$1,633
23 years$4,781$3,733$2,883$2,206$1,674$1,455
24 years$4,533$3,497$2,666$2,012$1,505$1,298
25 years$4,306$3,282$2,469$1,837$1,354$1,159
26 years$4,096$3,084$2,290$1,680$1,220$1,036
27 years$3,902$2,903$2,127$1,538$1,100$927
28 years$3,722$2,735$1,977$1,409$992$830
29 years$3,555$2,580$1,840$1,292$896$743
30 years$3,399$2,437$1,714$1,186$810$666
31 years$3,254$2,304$1,598$1,089$732$598
32 years$3,118$2,180$1,491$1,001$662$536
33 years$2,991$2,064$1,392$920$599$481
34 years$2,871$1,957$1,300$847$542$432
35 years$2,758$1,856$1,216$779$491$388
36 years$2,652$1,761$1,137$718$445$349
37 years$2,552$1,673$1,065$661$403$314
38 years$2,458$1,590$997$610$366$282
39 years$2,368$1,512$934$562$332$253
40 years$2,283$1,438$875$518$301$228
41 years$2,203$1,369$821$478$273$205
42 years$2,126$1,304$770$441$248$184
43 years$2,053$1,242$723$408$225$166
44 years$1,984$1,184$678$376$204$149
45 years$1,918$1,129$637$347$185$134
46 years$1,855$1,077$598$321$168$121
47 years$1,795$1,028$562$297$153$109
48 years$1,738$981$528$274$139$98
49 years$1,683$937$496$253$126$88
50 years$1,631$895$467$234$114$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,670,000, adding $5,160 every year, while hoping to spend $50,101 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: 61/26/13 Blend
60$1,670,000$1,670,000$1,670,000$1,670,000
61$1,845,663$1,757,153$1,731,268$1,952,119
62$1,980,613$1,789,946$1,735,958$2,057,060
63$2,127,649$1,822,667$1,739,126$2,165,384
64$2,287,951$1,855,259$1,740,669$2,282,376
65$2,462,817$1,887,662$1,740,476$2,408,878
66$2,653,677$1,919,810$1,738,434$2,545,817
67$2,862,103$1,951,632$1,734,423$2,694,217
68$3,089,828$1,983,052$1,728,317$2,855,202
69$3,338,758$2,013,989$1,719,983$3,030,017
70$3,610,993$2,044,356$1,709,284$3,220,029
71$3,908,844$2,074,059$1,696,074$3,426,747
72$4,234,855$2,102,997$1,680,202$3,651,835
73$4,591,830$2,131,064$1,661,509$3,897,126
74$4,982,855$2,158,144$1,639,827$4,164,640
75$5,411,328$2,184,115$1,614,983$4,456,607
76$5,880,992$2,208,845$1,586,794$4,775,481
77$6,395,970$2,232,195$1,555,068$5,123,971
78$6,960,801$2,254,015$1,519,605$5,505,061
79$7,580,487$2,274,147$1,480,197$5,922,041
80$8,260,537$2,292,420$1,436,623$6,378,539
81$9,007,017$2,308,653$1,388,655$6,878,553
82$9,826,611$2,322,656$1,336,053$7,426,492
83$10,726,681$2,334,221$1,278,567$8,027,216
84$11,715,337$2,343,133$1,215,934$8,686,082
85$12,801,514$2,349,160$1,147,880$9,408,996
86$13,995,055$2,352,055$1,074,121$10,202,469
87$15,306,802$2,351,557$994,355$11,073,679
88$16,748,701$2,347,389$908,271$12,030,539
89$18,333,913$2,339,255$815,543$13,081,772
90$20,076,937$2,326,844$715,828$14,236,993
91$21,993,748$2,309,822$608,772$15,506,803
92$24,101,947$2,287,839$494,002$16,902,888
93$26,420,923$2,260,522$371,129$18,438,129
94$28,972,044$2,227,473$239,748$20,126,726
95$31,778,848$2,188,276$99,436$21,984,333
96$34,867,274$2,142,485$0$24,028,205
97$38,265,899$2,089,630$0$26,284,341
98$42,006,212$2,029,213$0$28,781,903
99$46,122,909$1,960,707$0$31,530,262
100$50,654,219$1,883,555$0$34,554,965