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%13.6%
1 years$137,907$136,679$135,480$134,310$133,168$131,178
2 years$68,271$66,999$65,767$64,572$63,413$61,413
3 years$45,062$43,785$42,556$41,372$40,232$38,283
4 years$33,460$32,186$30,970$29,806$28,694$26,812
5 years$26,500$25,235$24,034$22,894$21,813$20,003
6 years$21,862$20,606$19,423$18,309$17,260$15,524
7 years$18,550$17,305$16,140$15,052$14,037$12,377
8 years$16,068$14,833$13,688$12,627$11,645$10,059
9 years$14,138$12,915$11,790$10,756$9,807$8,295
10 years$12,595$11,384$10,279$9,271$8,356$6,917
11 years$11,333$10,135$9,049$8,069$7,186$5,819
12 years$10,282$9,096$8,031$7,077$6,227$4,930
13 years$9,394$8,220$7,175$6,248$5,430$4,201
14 years$8,633$7,472$6,447$5,547$4,760$3,596
15 years$7,975$6,826$5,821$4,947$4,191$3,091
16 years$7,399$6,263$5,277$4,429$3,704$2,666
17 years$6,891$5,768$4,802$3,980$3,284$2,305
18 years$6,441$5,330$4,384$3,586$2,920$1,998
19 years$6,038$4,939$4,013$3,241$2,603$1,736
20 years$5,676$4,590$3,683$2,935$2,325$1,511
21 years$5,349$4,275$3,388$2,664$2,081$1,316
22 years$5,052$3,991$3,122$2,422$1,865$1,149
23 years$4,781$3,733$2,883$2,206$1,674$1,003
24 years$4,533$3,497$2,666$2,012$1,505$877
25 years$4,306$3,282$2,469$1,837$1,354$768
26 years$4,096$3,084$2,290$1,680$1,220$672
27 years$3,902$2,903$2,127$1,538$1,100$589
28 years$3,722$2,735$1,977$1,409$992$517
29 years$3,555$2,580$1,840$1,292$896$453
30 years$3,399$2,437$1,714$1,186$810$398
31 years$3,254$2,304$1,598$1,089$732$349
32 years$3,118$2,180$1,491$1,001$662$307
33 years$2,991$2,064$1,392$920$599$269
34 years$2,871$1,957$1,300$847$542$237
35 years$2,758$1,856$1,216$779$491$208
36 years$2,652$1,761$1,137$718$445$183
37 years$2,552$1,673$1,065$661$403$161
38 years$2,458$1,590$997$610$366$141
39 years$2,368$1,512$934$562$332$124
40 years$2,283$1,438$875$518$301$109
41 years$2,203$1,369$821$478$273$96
42 years$2,126$1,304$770$441$248$85
43 years$2,053$1,242$723$408$225$74
44 years$1,984$1,184$678$376$204$66
45 years$1,918$1,129$637$347$185$58
46 years$1,855$1,077$598$321$168$51
47 years$1,795$1,028$562$297$153$45
48 years$1,738$981$528$274$139$39
49 years$1,683$937$496$253$126$35
50 years$1,631$895$467$234$114$30

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 $6,531 every year, while hoping to spend $58,115 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: 55/20/25 Blend
60$1,670,000$1,670,000$1,670,000$1,670,000
61$1,847,077$1,758,567$1,732,682$1,935,642
62$1,973,645$1,782,903$1,728,893$2,021,574
63$2,111,175$1,806,483$1,723,029$2,108,508
64$2,260,724$1,829,210$1,714,960$2,201,982
65$2,423,454$1,850,978$1,704,547$2,302,644
66$2,600,646$1,871,675$1,691,649$2,411,208
67$2,793,706$1,891,181$1,676,113$2,528,464
68$3,004,183$1,909,369$1,657,783$2,655,283
69$3,233,783$1,926,101$1,636,492$2,792,627
70$3,484,383$1,941,234$1,612,068$2,941,559
71$3,758,047$1,954,611$1,584,329$3,103,252
72$4,057,050$1,966,069$1,553,086$3,279,001
73$4,383,895$1,975,433$1,518,141$3,470,234
74$4,741,339$1,982,516$1,479,285$3,678,531
75$5,132,416$1,987,120$1,436,302$3,905,633
76$5,560,468$1,989,034$1,388,964$4,153,463
77$6,029,175$1,988,036$1,337,033$4,424,142
78$6,542,588$1,983,887$1,280,261$4,720,013
79$7,105,170$1,976,335$1,218,387$5,043,661
80$7,721,836$1,965,114$1,151,141$5,397,938
81$8,397,997$1,949,938$1,078,239$5,785,992
82$9,139,615$1,930,508$999,382$6,211,297
83$9,953,257$1,906,504$914,263$6,677,685
84$10,846,155$1,877,588$822,556$7,189,387
85$11,826,274$1,843,402$723,923$7,751,067
86$12,902,391$1,803,565$618,012$8,367,874
87$14,084,172$1,757,676$504,452$9,045,487
88$15,382,265$1,705,310$382,858$9,790,172
89$16,808,400$1,646,015$252,829$10,608,841
90$18,375,502$1,579,314$113,943$11,509,117
91$20,097,806$1,504,704$0$12,499,411
92$21,990,998$1,421,650$0$13,598,142
93$24,072,356$1,329,587$0$14,839,429
94$26,360,919$1,227,919$0$16,204,259
95$28,877,660$1,116,015$0$17,705,211
96$31,645,689$993,207$0$19,356,150
97$34,690,465$858,790$0$21,172,360
98$38,040,042$712,020$0$23,170,684
99$41,725,327$552,109$0$25,369,690
100$45,780,374$378,227$0$27,789,844