Can I retire at age 61 with 1,680,000?

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 $1,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$138,733$137,497$136,291$135,115$133,966$131,153
2 years$68,680$67,401$66,161$64,959$63,793$60,973
3 years$45,332$44,047$42,810$41,620$40,473$37,733
4 years$33,660$32,379$31,155$29,985$28,866$26,227
5 years$26,659$25,386$24,178$23,031$21,943$19,414
6 years$21,993$20,729$19,539$18,418$17,363$14,945
7 years$18,661$17,408$16,237$15,143$14,121$11,815
8 years$16,164$14,922$13,770$12,703$11,714$9,520
9 years$14,222$12,993$11,860$10,820$9,865$7,780
10 years$12,670$11,452$10,340$9,327$8,406$6,428
11 years$11,401$10,195$9,103$8,117$7,229$5,357
12 years$10,344$9,151$8,079$7,120$6,265$4,494
13 years$9,450$8,270$7,218$6,286$5,463$3,792
14 years$8,685$7,517$6,485$5,580$4,789$3,214
15 years$8,022$6,867$5,855$4,976$4,216$2,734
16 years$7,443$6,300$5,309$4,456$3,726$2,333
17 years$6,932$5,802$4,831$4,003$3,304$1,996
18 years$6,479$5,361$4,410$3,608$2,938$1,712
19 years$6,074$4,969$4,037$3,260$2,619$1,470
20 years$5,710$4,617$3,705$2,953$2,339$1,265
21 years$5,381$4,301$3,408$2,680$2,093$1,090
22 years$5,082$4,015$3,141$2,436$1,876$940
23 years$4,810$3,755$2,900$2,219$1,684$812
24 years$4,560$3,518$2,682$2,024$1,514$702
25 years$4,331$3,302$2,484$1,848$1,362$607
26 years$4,120$3,103$2,304$1,690$1,227$525
27 years$3,925$2,920$2,139$1,547$1,106$455
28 years$3,744$2,752$1,989$1,417$998$394
29 years$3,576$2,596$1,851$1,300$901$341
30 years$3,420$2,452$1,724$1,193$814$296
31 years$3,274$2,318$1,607$1,095$736$256
32 years$3,137$2,193$1,500$1,007$666$222
33 years$3,009$2,077$1,400$926$603$193
34 years$2,888$1,968$1,308$852$546$167
35 years$2,775$1,867$1,223$784$494$145
36 years$2,668$1,772$1,144$722$448$126
37 years$2,567$1,683$1,071$665$406$109
38 years$2,472$1,599$1,003$613$368$95
39 years$2,382$1,521$940$565$334$83
40 years$2,297$1,447$881$522$303$72
41 years$2,216$1,377$826$481$275$62
42 years$2,139$1,312$775$444$249$54
43 years$2,066$1,250$727$410$226$47
44 years$1,996$1,191$682$379$205$41
45 years$1,930$1,136$641$350$186$35
46 years$1,866$1,084$602$323$169$31
47 years$1,806$1,034$565$298$154$27
48 years$1,748$987$531$276$140$23
49 years$1,693$943$499$255$127$20
50 years$1,640$901$469$235$115$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,680,000, adding $5,303 every year, while hoping to spend $58,246 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: 49/29/22 Blend
60$1,680,000$1,680,000$1,680,000$1,680,000
61$1,856,830$1,767,790$1,741,750$1,936,061
62$1,984,253$1,792,438$1,738,125$2,016,367
63$2,122,722$1,816,342$1,732,427$2,097,253
64$2,273,300$1,839,404$1,724,524$2,183,926
65$2,437,161$1,861,519$1,714,280$2,276,954
66$2,615,592$1,882,575$1,701,549$2,376,967
67$2,810,014$1,902,452$1,686,183$2,484,662
68$3,021,987$1,921,024$1,668,021$2,600,807
69$3,253,230$1,938,154$1,646,900$2,726,251
70$3,505,635$1,953,699$1,622,646$2,861,932
71$3,781,282$1,967,503$1,595,078$3,008,886
72$4,082,465$1,979,403$1,564,005$3,168,259
73$4,411,707$1,989,223$1,529,230$3,341,314
74$4,771,785$1,996,780$1,490,543$3,529,448
75$5,165,759$2,001,874$1,447,728$3,734,204
76$5,596,997$2,004,296$1,400,558$3,957,284
77$6,069,208$2,003,824$1,348,793$4,200,571
78$6,586,475$2,000,219$1,292,186$4,466,140
79$7,153,298$1,993,232$1,230,476$4,756,286
80$7,774,629$1,982,595$1,163,391$5,073,540
81$8,455,923$1,968,025$1,090,648$5,420,697
82$9,203,191$1,949,221$1,011,948$5,800,845
83$10,023,051$1,925,867$926,982$6,217,389
84$10,922,791$1,897,624$835,426$6,674,090
85$11,910,443$1,864,135$736,940$7,175,098
86$12,994,852$1,825,021$631,171$7,724,995
87$14,185,761$1,779,881$517,749$8,328,835
88$15,493,904$1,728,290$396,289$8,992,198
89$16,931,105$1,669,799$266,387$9,721,242
90$18,510,390$1,603,932$127,624$10,522,759
91$20,246,110$1,530,185$0$11,404,246
92$22,154,075$1,448,026$0$12,378,778
93$24,251,703$1,356,892$0$13,482,960
94$26,558,183$1,256,186$0$14,696,982
95$29,094,657$1,145,278$0$16,032,067
96$31,884,420$1,023,504$0$17,500,592
97$34,953,134$890,160$0$19,116,198
98$38,329,077$744,501$0$20,893,928
99$42,043,404$585,742$0$22,850,366
100$46,130,442$413,055$0$25,003,793