Can I retire at age 61 with 1,690,000?

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 $1,690,000?

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%
1 years$139,559$138,316$137,103$135,919$134,763$134,139
2 years$69,088$67,802$66,555$65,346$64,173$63,543
3 years$45,601$44,309$43,065$41,868$40,714$40,097
4 years$33,860$32,572$31,341$30,163$29,037$28,439
5 years$26,817$25,537$24,322$23,168$22,074$21,496
6 years$22,124$20,853$19,655$18,528$17,466$16,909
7 years$18,772$17,512$16,334$15,233$14,205$13,669
8 years$16,260$15,011$13,852$12,778$11,784$11,270
9 years$14,307$13,070$11,931$10,884$9,924$9,431
10 years$12,745$11,520$10,402$9,382$8,456$7,983
11 years$11,469$10,256$9,157$8,166$7,272$6,820
12 years$10,405$9,205$8,127$7,162$6,302$5,870
13 years$9,507$8,319$7,261$6,323$5,495$5,083
14 years$8,737$7,562$6,524$5,613$4,817$4,425
15 years$8,070$6,908$5,890$5,006$4,241$3,868
16 years$7,487$6,338$5,340$4,482$3,749$3,393
17 years$6,974$5,837$4,860$4,027$3,324$2,986
18 years$6,518$5,393$4,436$3,629$2,955$2,635
19 years$6,110$4,999$4,061$3,279$2,634$2,331
20 years$5,744$4,645$3,727$2,970$2,353$2,065
21 years$5,413$4,327$3,428$2,696$2,106$1,834
22 years$5,112$4,039$3,160$2,451$1,887$1,630
23 years$4,838$3,777$2,917$2,232$1,694$1,452
24 years$4,587$3,539$2,698$2,036$1,523$1,294
25 years$4,357$3,321$2,499$1,859$1,370$1,155
26 years$4,145$3,121$2,318$1,700$1,234$1,031
27 years$3,949$2,938$2,152$1,556$1,113$922
28 years$3,767$2,768$2,001$1,426$1,004$825
29 years$3,598$2,611$1,862$1,307$907$738
30 years$3,440$2,466$1,734$1,200$819$661
31 years$3,293$2,331$1,617$1,102$741$592
32 years$3,156$2,206$1,508$1,013$670$531
33 years$3,027$2,089$1,408$931$606$476
34 years$2,905$1,980$1,316$857$549$427
35 years$2,791$1,878$1,230$789$497$384
36 years$2,684$1,782$1,151$726$451$344
37 years$2,583$1,693$1,077$669$408$309
38 years$2,487$1,609$1,009$617$370$278
39 years$2,396$1,530$945$569$336$250
40 years$2,310$1,456$886$525$304$224
41 years$2,229$1,386$831$484$276$202
42 years$2,152$1,320$779$447$251$181
43 years$2,078$1,257$731$412$227$163
44 years$2,008$1,198$686$381$206$146
45 years$1,941$1,143$644$352$187$132
46 years$1,878$1,090$605$325$170$118
47 years$1,817$1,040$569$300$155$107
48 years$1,759$993$534$277$140$96
49 years$1,703$948$502$256$127$86
50 years$1,650$906$472$237$116$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,690,000, adding $5,214 every year, while hoping to spend $58,736 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: 79/16/5 Blend
60$1,690,000$1,690,000$1,690,000$1,690,000
61$1,867,758$1,778,188$1,751,993$2,014,534
62$1,995,775$1,802,825$1,748,190$2,136,036
63$2,134,881$1,826,700$1,742,292$2,261,019
64$2,286,145$1,849,714$1,734,164$2,396,332
65$2,450,743$1,871,762$1,723,671$2,542,975
66$2,629,970$1,892,730$1,710,665$2,702,048
67$2,825,249$1,912,496$1,694,994$2,874,763
68$3,038,149$1,930,932$1,676,500$3,062,454
69$3,270,392$1,947,900$1,655,016$3,266,592
70$3,523,879$1,963,254$1,630,365$3,488,796
71$3,800,698$1,976,837$1,602,366$3,730,850
72$4,103,151$1,988,483$1,570,827$3,994,718
73$4,433,769$1,998,016$1,535,546$4,282,566
74$4,795,341$2,005,246$1,496,315$4,596,780
75$5,190,938$2,009,975$1,452,913$4,939,987
76$5,623,939$2,011,989$1,405,112$5,315,082
77$6,098,068$2,011,064$1,352,669$5,725,257
78$6,617,422$2,006,958$1,295,336$6,174,028
79$7,186,518$1,999,417$1,232,848$6,665,268
80$7,810,326$1,988,172$1,164,932$7,203,246
81$8,494,322$1,972,935$1,091,300$7,792,667
82$9,244,538$1,953,403$1,011,653$8,438,716
83$10,067,614$1,929,254$925,677$9,147,103
84$10,970,869$1,900,145$833,045$9,924,127
85$11,962,361$1,865,716$733,416$10,776,724
86$13,050,968$1,825,582$626,431$11,712,540
87$14,246,468$1,779,337$511,718$12,740,003
88$15,559,635$1,726,552$388,888$13,868,399
89$17,002,337$1,666,772$257,534$15,107,961
90$18,587,645$1,599,514$117,232$16,469,970
91$20,329,964$1,524,269$0$17,966,856
92$22,245,160$1,440,498$0$19,614,053
93$24,350,715$1,347,631$0$21,431,712
94$26,665,888$1,245,065$0$23,430,238
95$29,211,897$1,132,162$0$25,627,997
96$32,012,121$1,008,248$0$28,045,229
97$35,092,318$872,612$0$30,704,238
98$38,480,865$724,501$0$33,629,605
99$42,209,032$563,120$0$36,848,417
100$46,311,270$387,630$0$40,390,528