Can I retire at age 61 with 1,710,000?

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 $1,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$141,210$139,952$138,725$137,527$136,358$134,878
2 years$69,906$68,604$67,342$66,119$64,932$63,442
3 years$46,141$44,834$43,575$42,363$41,196$39,741
4 years$34,261$32,957$31,711$30,520$29,381$27,974
5 years$27,135$25,839$24,609$23,442$22,335$20,980
6 years$22,385$21,099$19,888$18,747$17,673$16,370
7 years$18,994$17,719$16,527$15,413$14,373$13,124
8 years$16,452$15,189$14,016$12,930$11,924$10,728
9 years$14,476$13,225$12,072$11,013$10,041$8,899
10 years$12,896$11,657$10,525$9,493$8,556$7,466
11 years$11,604$10,377$9,266$8,262$7,358$6,320
12 years$10,529$9,314$8,223$7,247$6,377$5,388
13 years$9,619$8,417$7,347$6,398$5,560$4,621
14 years$8,840$7,651$6,601$5,679$4,874$3,983
15 years$8,166$6,989$5,960$5,065$4,292$3,447
16 years$7,576$6,413$5,404$4,535$3,793$2,993
17 years$7,056$5,906$4,917$4,075$3,363$2,607
18 years$6,595$5,457$4,489$3,672$2,990$2,276
19 years$6,182$5,058$4,109$3,318$2,665$1,992
20 years$5,812$4,700$3,771$3,005$2,381$1,746
21 years$5,477$4,378$3,469$2,727$2,131$1,533
22 years$5,173$4,086$3,197$2,480$1,910$1,348
23 years$4,895$3,822$2,952$2,258$1,714$1,186
24 years$4,642$3,581$2,730$2,060$1,541$1,045
25 years$4,409$3,361$2,529$1,881$1,386$922
26 years$4,194$3,158$2,345$1,720$1,249$814
27 years$3,995$2,972$2,178$1,574$1,126$719
28 years$3,811$2,801$2,024$1,443$1,016$636
29 years$3,640$2,642$1,884$1,323$917$562
30 years$3,481$2,495$1,755$1,214$829$497
31 years$3,332$2,359$1,636$1,115$749$440
32 years$3,193$2,232$1,526$1,025$678$390
33 years$3,062$2,114$1,425$942$614$345
34 years$2,940$2,003$1,332$867$555$306
35 years$2,825$1,900$1,245$798$503$271
36 years$2,716$1,804$1,165$735$456$240
37 years$2,613$1,713$1,090$677$413$213
38 years$2,516$1,628$1,021$624$375$189
39 years$2,425$1,548$956$576$340$168
40 years$2,338$1,473$896$531$308$149
41 years$2,255$1,402$841$490$280$132
42 years$2,177$1,335$788$452$254$117
43 years$2,103$1,272$740$417$230$104
44 years$2,032$1,213$694$385$209$92
45 years$1,964$1,156$652$356$190$82
46 years$1,900$1,103$612$329$172$73
47 years$1,838$1,053$575$304$156$65
48 years$1,780$1,005$541$281$142$57
49 years$1,723$960$508$259$129$51
50 years$1,670$917$478$240$117$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,710,000, adding $5,129 every year, while hoping to spend $26,835 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: 34/43/23 Blend
60$1,710,000$1,710,000$1,710,000$1,710,000
61$1,889,711$1,799,081$1,772,576$1,940,562
62$2,053,909$1,858,683$1,803,405$2,038,445
63$2,233,956$1,920,307$1,834,367$2,141,119
64$2,431,440$1,984,023$1,865,439$2,251,297
65$2,648,111$2,049,904$1,896,595$2,369,663
66$2,885,894$2,118,026$1,927,807$2,496,965
67$3,146,914$2,188,467$1,959,047$2,634,029
68$3,433,508$2,261,310$1,990,284$2,781,759
69$3,748,250$2,336,639$2,021,483$2,941,150
70$4,093,979$2,414,542$2,052,610$3,113,297
71$4,473,820$2,495,109$2,083,627$3,299,403
72$4,891,215$2,578,435$2,114,494$3,500,792
73$5,349,958$2,664,618$2,145,169$3,718,917
74$5,854,228$2,753,758$2,175,606$3,955,381
75$6,408,628$2,845,962$2,205,759$4,211,944
76$7,018,232$2,941,337$2,235,575$4,490,544
77$7,688,626$3,039,997$2,265,001$4,793,313
78$8,425,969$3,142,060$2,293,982$5,122,598
79$9,237,043$3,247,646$2,322,455$5,480,980
80$10,129,323$3,356,883$2,350,359$5,871,302
81$11,111,044$3,469,900$2,377,626$6,296,693
82$12,191,279$3,586,834$2,404,185$6,760,597
83$13,380,026$3,707,825$2,429,962$7,266,805
84$14,688,299$3,833,019$2,454,876$7,819,493
85$16,128,238$3,962,569$2,478,846$8,423,256
86$17,713,214$4,096,631$2,501,784$9,083,155
87$19,457,965$4,235,369$2,523,597$9,804,764
88$21,378,727$4,378,952$2,544,187$10,594,219
89$23,493,393$4,527,556$2,563,453$11,458,281
90$25,821,677$4,681,364$2,581,287$12,404,391
91$28,385,303$4,840,565$2,597,574$13,440,749
92$31,208,207$5,005,357$2,612,197$14,576,383
93$34,316,767$5,175,942$2,625,028$15,821,240
94$37,740,048$5,352,534$2,635,938$17,186,272
95$41,510,078$5,535,353$2,644,786$18,683,548
96$45,662,147$5,724,626$2,651,428$20,326,359
97$50,235,146$5,920,593$2,655,710$22,129,346
98$55,271,928$6,123,499$2,657,473$24,108,641
99$60,819,714$6,333,600$2,656,549$26,282,010
100$66,930,541$6,551,163$2,652,759$28,669,030