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%17.1%
1 years$138,733$137,497$136,291$135,115$133,966$130,094
2 years$68,680$67,401$66,161$64,959$63,793$59,924
3 years$45,332$44,047$42,810$41,620$40,473$36,727
4 years$33,660$32,379$31,155$29,985$28,866$25,271
5 years$26,659$25,386$24,178$23,031$21,943$18,510
6 years$21,993$20,729$19,539$18,418$17,363$14,095
7 years$18,661$17,408$16,237$15,143$14,121$11,017
8 years$16,164$14,922$13,770$12,703$11,714$8,774
9 years$14,222$12,993$11,860$10,820$9,865$7,085
10 years$12,670$11,452$10,340$9,327$8,406$5,781
11 years$11,401$10,195$9,103$8,117$7,229$4,756
12 years$10,344$9,151$8,079$7,120$6,265$3,939
13 years$9,450$8,270$7,218$6,286$5,463$3,279
14 years$8,685$7,517$6,485$5,580$4,789$2,741
15 years$8,022$6,867$5,855$4,976$4,216$2,299
16 years$7,443$6,300$5,309$4,456$3,726$1,934
17 years$6,932$5,802$4,831$4,003$3,304$1,631
18 years$6,479$5,361$4,410$3,608$2,938$1,378
19 years$6,074$4,969$4,037$3,260$2,619$1,166
20 years$5,710$4,617$3,705$2,953$2,339$989
21 years$5,381$4,301$3,408$2,680$2,093$839
22 years$5,082$4,015$3,141$2,436$1,876$712
23 years$4,810$3,755$2,900$2,219$1,684$605
24 years$4,560$3,518$2,682$2,024$1,514$515
25 years$4,331$3,302$2,484$1,848$1,362$438
26 years$4,120$3,103$2,304$1,690$1,227$373
27 years$3,925$2,920$2,139$1,547$1,106$318
28 years$3,744$2,752$1,989$1,417$998$271
29 years$3,576$2,596$1,851$1,300$901$231
30 years$3,420$2,452$1,724$1,193$814$197
31 years$3,274$2,318$1,607$1,095$736$168
32 years$3,137$2,193$1,500$1,007$666$143
33 years$3,009$2,077$1,400$926$603$122
34 years$2,888$1,968$1,308$852$546$104
35 years$2,775$1,867$1,223$784$494$89
36 years$2,668$1,772$1,144$722$448$76
37 years$2,567$1,683$1,071$665$406$65
38 years$2,472$1,599$1,003$613$368$55
39 years$2,382$1,521$940$565$334$47
40 years$2,297$1,447$881$522$303$40
41 years$2,216$1,377$826$481$275$34
42 years$2,139$1,312$775$444$249$29
43 years$2,066$1,250$727$410$226$25
44 years$1,996$1,191$682$379$205$21
45 years$1,930$1,136$641$350$186$18
46 years$1,866$1,084$602$323$169$16
47 years$1,806$1,034$565$298$154$13
48 years$1,748$987$531$276$140$11
49 years$1,693$943$499$255$127$10
50 years$1,640$901$469$235$115$8

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 $3,970 every year, while hoping to spend $43,337 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: 47/27/26 Blend
60$1,680,000$1,680,000$1,680,000$1,680,000
61$1,855,455$1,766,415$1,740,375$1,928,686
62$1,998,601$1,806,859$1,752,567$2,021,067
63$2,154,896$1,847,833$1,763,716$2,116,720
64$2,325,634$1,889,315$1,773,739$2,219,700
65$2,512,243$1,931,286$1,782,553$2,330,715
66$2,716,291$1,973,718$1,790,068$2,450,549
67$2,939,508$2,016,585$1,796,191$2,580,063
68$3,183,797$2,059,857$1,800,822$2,720,209
69$3,451,254$2,103,500$1,803,859$2,872,035
70$3,744,186$2,147,476$1,805,194$3,036,697
71$4,065,137$2,191,746$1,804,711$3,215,469
72$4,416,904$2,236,265$1,802,292$3,409,756
73$4,802,571$2,280,985$1,797,812$3,621,109
74$5,225,533$2,325,853$1,791,138$3,851,236
75$5,689,530$2,370,812$1,782,134$4,102,019
76$6,198,680$2,415,800$1,770,654$4,375,538
77$6,757,522$2,460,751$1,756,547$4,674,082
78$7,371,053$2,505,591$1,739,655$5,000,177
79$8,044,778$2,550,243$1,719,811$5,356,607
80$8,784,763$2,594,622$1,696,842$5,746,444
81$9,597,687$2,638,637$1,670,565$6,173,073
82$10,490,912$2,682,190$1,640,789$6,640,227
83$11,472,544$2,725,177$1,607,315$7,152,023
84$12,551,517$2,767,484$1,569,933$7,712,999
85$13,737,672$2,808,991$1,528,426$8,328,159
86$15,041,850$2,849,568$1,482,564$9,003,022
87$16,475,997$2,889,075$1,432,108$9,743,669
88$18,053,273$2,927,364$1,376,809$10,556,809
89$19,788,179$2,964,276$1,316,403$11,449,836
90$21,696,689$2,999,641$1,250,618$12,430,904
91$23,796,405$3,033,278$1,179,168$13,509,000
92$26,106,722$3,064,992$1,101,754$14,694,036
93$28,649,009$3,094,578$1,018,064$15,996,937
94$31,446,810$3,121,815$927,771$17,429,747
95$34,526,068$3,146,467$830,535$19,005,746
96$37,915,369$3,168,286$726,000$20,739,572
97$41,646,209$3,187,004$613,793$22,647,366
98$45,753,294$3,202,339$493,527$24,746,917
99$50,274,866$3,213,990$364,796$27,057,838
100$55,253,062$3,221,635$227,177$29,601,750