Can I retire at age 61 with 1,700,000?

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 $1,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$140,384$139,134$137,914$136,723$135,560$130,959
2 years$69,497$68,203$66,949$65,732$64,553$59,963
3 years$45,871$44,571$43,320$42,115$40,955$36,521
4 years$34,061$32,765$31,526$30,342$29,209$24,965
5 years$26,976$25,688$24,465$23,305$22,204$18,161
6 years$22,255$20,976$19,772$18,637$17,570$13,731
7 years$18,883$17,616$16,430$15,323$14,289$10,654
8 years$16,356$15,100$13,934$12,854$11,854$8,419
9 years$14,392$13,147$12,002$10,949$9,983$6,745
10 years$12,821$11,589$10,463$9,438$8,506$5,459
11 years$11,537$10,317$9,212$8,214$7,315$4,454
12 years$10,467$9,260$8,175$7,205$6,339$3,657
13 years$9,563$8,368$7,304$6,361$5,528$3,017
14 years$8,788$7,606$6,563$5,646$4,846$2,500
15 years$8,118$6,949$5,925$5,035$4,267$2,078
16 years$7,532$6,375$5,372$4,509$3,771$1,732
17 years$7,015$5,871$4,888$4,051$3,343$1,446
18 years$6,556$5,425$4,462$3,651$2,973$1,210
19 years$6,146$5,028$4,085$3,299$2,650$1,014
20 years$5,778$4,672$3,749$2,988$2,367$851
21 years$5,445$4,352$3,448$2,712$2,118$715
22 years$5,142$4,063$3,178$2,465$1,899$601
23 years$4,867$3,800$2,935$2,245$1,704$506
24 years$4,615$3,560$2,714$2,048$1,532$426
25 years$4,383$3,341$2,514$1,870$1,378$359
26 years$4,169$3,140$2,331$1,710$1,242$302
27 years$3,972$2,955$2,165$1,565$1,119$255
28 years$3,789$2,784$2,013$1,434$1,010$215
29 years$3,619$2,627$1,873$1,315$912$181
30 years$3,460$2,481$1,744$1,207$824$153
31 years$3,313$2,345$1,626$1,108$745$129
32 years$3,174$2,219$1,517$1,019$674$109
33 years$3,044$2,101$1,417$937$610$92
34 years$2,923$1,992$1,324$862$552$78
35 years$2,808$1,889$1,238$793$500$65
36 years$2,700$1,793$1,158$731$453$55
37 years$2,598$1,703$1,084$673$411$47
38 years$2,502$1,618$1,015$621$372$39
39 years$2,411$1,539$951$572$338$33
40 years$2,324$1,464$891$528$306$28
41 years$2,242$1,394$836$487$278$24
42 years$2,164$1,327$784$449$252$20
43 years$2,090$1,265$736$415$229$17
44 years$2,020$1,206$690$383$208$14
45 years$1,953$1,150$648$354$189$12
46 years$1,889$1,097$609$327$171$10
47 years$1,828$1,047$572$302$155$9
48 years$1,769$999$538$279$141$7
49 years$1,713$954$505$258$128$6
50 years$1,660$911$475$238$116$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,700,000, adding $5,388 every year, while hoping to spend $22,149 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: 57/21/22 Blend
60$1,700,000$1,700,000$1,700,000$1,700,000
61$1,878,958$1,788,858$1,762,508$1,974,636
62$2,047,045$1,852,945$1,797,985$2,104,610
63$2,231,535$1,919,431$1,833,909$2,243,366
64$2,434,077$1,988,409$1,870,271$2,394,112
65$2,656,489$2,059,976$1,907,060$2,558,008
66$2,900,772$2,134,236$1,944,268$2,736,332
67$3,169,131$2,211,294$1,981,882$2,930,490
68$3,463,996$2,291,262$2,019,888$3,142,030
69$3,788,043$2,374,253$2,058,274$3,372,655
70$4,144,221$2,460,389$2,097,024$3,624,239
71$4,535,777$2,549,794$2,136,120$3,898,848
72$4,966,291$2,642,598$2,175,544$4,198,753
73$5,439,705$2,738,938$2,215,277$4,526,457
74$5,960,363$2,838,954$2,255,297$4,884,714
75$6,533,051$2,942,793$2,295,581$5,276,558
76$7,163,042$3,050,610$2,336,103$5,705,329
77$7,856,146$3,162,564$2,376,836$6,174,707
78$8,618,765$3,278,822$2,417,752$6,688,741
79$9,457,952$3,399,557$2,458,820$7,251,895
80$10,381,478$3,524,950$2,500,005$7,869,081
81$11,397,907$3,655,191$2,541,273$8,545,713
82$12,516,673$3,790,475$2,582,585$9,287,751
83$13,748,173$3,931,007$2,623,901$10,101,761
84$15,103,862$4,077,002$2,665,177$10,994,978
85$16,596,362$4,228,681$2,706,367$11,975,367
86$18,239,583$4,386,278$2,747,422$13,051,707
87$20,048,849$4,550,035$2,788,290$14,233,664
88$22,041,049$4,720,204$2,828,915$15,531,890
89$24,234,791$4,897,049$2,869,238$16,958,118
90$26,650,579$5,080,843$2,909,197$18,525,275
91$29,311,008$5,271,875$2,948,725$20,247,601
92$32,240,977$5,470,443$2,987,753$22,140,786
93$35,467,920$5,676,858$3,026,207$24,222,115
94$39,022,070$5,891,446$3,064,006$26,510,632
95$42,936,740$6,114,546$3,101,070$29,027,318
96$47,248,641$6,346,512$3,137,309$31,795,292
97$51,998,224$6,587,713$3,172,631$34,840,022
98$57,230,068$6,838,536$3,206,939$38,189,573
99$62,993,292$7,099,381$3,240,128$41,874,865
100$69,342,026$7,370,669$3,272,091$45,929,965