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

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$140,384$139,134$137,914$136,723$135,560$130,388
2 years$69,497$68,203$66,949$65,732$64,553$59,402
3 years$45,871$44,571$43,320$42,115$40,955$35,989
4 years$34,061$32,765$31,526$30,342$29,209$24,465
5 years$26,976$25,688$24,465$23,305$22,204$17,695
6 years$22,255$20,976$19,772$18,637$17,570$13,297
7 years$18,883$17,616$16,430$15,323$14,289$10,252
8 years$16,356$15,100$13,934$12,854$11,854$8,050
9 years$14,392$13,147$12,002$10,949$9,983$6,405
10 years$12,821$11,589$10,463$9,438$8,506$5,148
11 years$11,537$10,317$9,212$8,214$7,315$4,170
12 years$10,467$9,260$8,175$7,205$6,339$3,399
13 years$9,563$8,368$7,304$6,361$5,528$2,784
14 years$8,788$7,606$6,563$5,646$4,846$2,288
15 years$8,118$6,949$5,925$5,035$4,267$1,887
16 years$7,532$6,375$5,372$4,509$3,771$1,560
17 years$7,015$5,871$4,888$4,051$3,343$1,293
18 years$6,556$5,425$4,462$3,651$2,973$1,073
19 years$6,146$5,028$4,085$3,299$2,650$892
20 years$5,778$4,672$3,749$2,988$2,367$742
21 years$5,445$4,352$3,448$2,712$2,118$618
22 years$5,142$4,063$3,178$2,465$1,899$515
23 years$4,867$3,800$2,935$2,245$1,704$430
24 years$4,615$3,560$2,714$2,048$1,532$359
25 years$4,383$3,341$2,514$1,870$1,378$299
26 years$4,169$3,140$2,331$1,710$1,242$250
27 years$3,972$2,955$2,165$1,565$1,119$209
28 years$3,789$2,784$2,013$1,434$1,010$175
29 years$3,619$2,627$1,873$1,315$912$146
30 years$3,460$2,481$1,744$1,207$824$122
31 years$3,313$2,345$1,626$1,108$745$102
32 years$3,174$2,219$1,517$1,019$674$85
33 years$3,044$2,101$1,417$937$610$71
34 years$2,923$1,992$1,324$862$552$60
35 years$2,808$1,889$1,238$793$500$50
36 years$2,700$1,793$1,158$731$453$42
37 years$2,598$1,703$1,084$673$411$35
38 years$2,502$1,618$1,015$621$372$29
39 years$2,411$1,539$951$572$338$24
40 years$2,324$1,464$891$528$306$20
41 years$2,242$1,394$836$487$278$17
42 years$2,164$1,327$784$449$252$14
43 years$2,090$1,265$736$415$229$12
44 years$2,020$1,206$690$383$208$10
45 years$1,953$1,150$648$354$189$8
46 years$1,889$1,097$609$327$171$7
47 years$1,828$1,047$572$302$155$6
48 years$1,769$999$538$279$141$5
49 years$1,713$954$505$258$128$4
50 years$1,660$911$475$238$116$3

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 $3,797 every year, while hoping to spend $56,548 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: 35/38/27 Blend
60$1,700,000$1,700,000$1,700,000$1,700,000
61$1,877,317$1,787,217$1,760,867$1,927,614
62$2,008,636$1,814,624$1,759,689$1,992,921
63$2,151,455$1,841,478$1,756,577$2,057,963
64$2,306,887$1,867,694$1,751,405$2,127,044
65$2,476,156$1,893,177$1,744,044$2,200,563
66$2,660,610$1,917,830$1,734,356$2,278,962
67$2,861,734$1,941,544$1,722,198$2,362,732
68$3,081,158$1,964,208$1,707,419$2,452,414
69$3,320,682$1,985,699$1,689,863$2,548,611
70$3,582,281$2,005,889$1,669,364$2,651,987
71$3,868,135$2,024,638$1,645,748$2,763,279
72$4,180,641$2,041,801$1,618,837$2,883,303
73$4,522,438$2,057,221$1,588,439$3,012,962
74$4,896,432$2,070,731$1,554,357$3,153,255
75$5,305,824$2,082,152$1,516,384$3,305,289
76$5,754,137$2,091,297$1,474,303$3,470,286
77$6,245,253$2,097,964$1,427,885$3,649,600
78$6,783,444$2,101,940$1,376,895$3,844,728
79$7,373,418$2,102,998$1,321,084$4,057,326
80$8,020,359$2,100,897$1,260,192$4,289,225
81$8,729,975$2,095,380$1,193,948$4,542,450
82$9,508,556$2,086,177$1,122,069$4,819,239
83$10,363,027$2,072,999$1,044,257$5,122,065
84$11,301,020$2,055,540$960,203$5,453,665
85$12,330,938$2,033,475$869,584$5,817,060
86$13,462,040$2,006,462$772,062$6,215,590
87$14,704,525$1,974,136$667,283$6,652,946
88$16,069,629$1,936,110$554,879$7,133,203
89$17,569,728$1,891,976$434,464$7,660,866
90$19,218,458$1,841,301$305,636$8,240,910
91$21,030,842$1,783,626$167,977$8,878,830
92$23,023,431$1,718,467$21,047$9,580,692
93$25,214,458$1,645,309$0$10,353,199
94$27,624,013$1,563,609$0$11,242,859
95$30,274,230$1,472,793$0$12,227,743
96$33,189,494$1,372,253$0$13,310,946
97$36,396,676$1,261,347$0$14,502,573
98$39,925,378$1,139,394$0$15,813,770
99$43,808,219$1,005,677$0$17,256,832
100$48,081,140$859,437$0$18,845,315