Can I retire at age 61 with 1,730,000?

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$142,862$141,589$140,348$139,136$137,953$134,672
2 years$70,724$69,406$68,130$66,892$65,692$62,406
3 years$46,681$45,358$44,085$42,859$41,678$38,489
4 years$34,662$33,343$32,082$30,877$29,725$26,658
5 years$27,452$26,141$24,897$23,717$22,596$19,660
6 years$22,647$21,346$20,121$18,966$17,880$15,077
7 years$19,217$17,927$16,720$15,593$14,541$11,872
8 years$16,645$15,366$14,180$13,081$12,063$9,527
9 years$14,646$13,379$12,213$11,142$10,159$7,753
10 years$13,047$11,793$10,648$9,604$8,656$6,378
11 years$11,740$10,499$9,374$8,359$7,444$5,292
12 years$10,652$9,423$8,319$7,332$6,451$4,420
13 years$9,732$8,516$7,433$6,473$5,626$3,712
14 years$8,943$7,741$6,678$5,746$4,931$3,131
15 years$8,261$7,071$6,030$5,124$4,342$2,650
16 years$7,665$6,488$5,467$4,588$3,837$2,250
17 years$7,139$5,975$4,975$4,123$3,402$1,916
18 years$6,672$5,521$4,541$3,715$3,025$1,634
19 years$6,255$5,117$4,157$3,357$2,697$1,397
20 years$5,880$4,755$3,815$3,040$2,409$1,195
21 years$5,541$4,429$3,509$2,759$2,155$1,024
22 years$5,233$4,134$3,234$2,509$1,932$879
23 years$4,953$3,867$2,986$2,285$1,734$755
24 years$4,696$3,623$2,762$2,084$1,559$649
25 years$4,460$3,400$2,558$1,903$1,403$558
26 years$4,243$3,195$2,372$1,740$1,264$480
27 years$4,042$3,007$2,203$1,593$1,139$413
28 years$3,856$2,834$2,048$1,459$1,028$356
29 years$3,683$2,673$1,906$1,338$928$307
30 years$3,522$2,525$1,775$1,228$839$264
31 years$3,371$2,387$1,655$1,128$758$228
32 years$3,230$2,258$1,544$1,037$686$196
33 years$3,098$2,139$1,442$953$621$169
34 years$2,974$2,027$1,347$877$562$146
35 years$2,858$1,922$1,259$807$509$126
36 years$2,748$1,825$1,178$744$461$109
37 years$2,644$1,733$1,103$685$418$94
38 years$2,546$1,647$1,033$632$379$81
39 years$2,453$1,566$968$582$344$70
40 years$2,365$1,490$907$537$312$60
41 years$2,282$1,418$850$496$283$52
42 years$2,203$1,351$798$457$257$45
43 years$2,127$1,287$748$422$233$39
44 years$2,055$1,227$703$390$211$34
45 years$1,987$1,170$660$360$192$29
46 years$1,922$1,116$620$333$174$25
47 years$1,860$1,065$582$307$158$22
48 years$1,800$1,017$547$284$144$19
49 years$1,743$971$514$262$130$16
50 years$1,689$927$483$242$119$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,730,000, adding $2,389 every year, while hoping to spend $58,302 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: 49/45/6 Blend
60$1,730,000$1,730,000$1,730,000$1,730,000
61$1,908,924$1,817,234$1,790,419$1,999,448
62$2,041,602$1,844,246$1,788,365$2,088,490
63$2,185,858$1,870,627$1,784,289$2,178,730
64$2,342,813$1,896,285$1,778,060$2,275,358
65$2,513,698$1,921,122$1,769,543$2,378,983
66$2,699,870$1,945,030$1,758,597$2,490,277
67$2,902,818$1,967,899$1,745,072$2,609,985
68$3,124,185$1,989,606$1,728,811$2,738,927
69$3,365,779$2,010,023$1,709,653$2,878,006
70$3,629,586$2,029,012$1,687,425$3,028,223
71$3,917,798$2,046,428$1,661,948$3,190,678
72$4,232,825$2,062,114$1,633,034$3,366,589
73$4,577,319$2,075,904$1,600,487$3,557,298
74$4,954,204$2,087,621$1,564,101$3,764,286
75$5,366,695$2,097,077$1,523,661$3,989,189
76$5,818,337$2,104,072$1,478,942$4,233,812
77$6,313,029$2,108,394$1,429,709$4,500,146
78$6,855,068$2,109,815$1,375,714$4,790,390
79$7,449,186$2,108,097$1,316,702$5,106,969
80$8,100,593$2,102,984$1,252,402$5,452,560
81$8,815,029$2,094,206$1,182,532$5,830,118
82$9,598,815$2,081,475$1,106,800$6,242,902
83$10,458,914$2,064,487$1,024,898$6,694,509
84$11,402,995$2,042,918$936,503$7,188,908
85$12,439,506$2,016,427$841,282$7,730,480
86$13,577,753$1,984,650$738,883$8,324,056
87$14,827,989$1,947,202$628,940$8,974,968
88$16,201,505$1,903,677$511,071$9,689,098
89$17,710,744$1,853,642$384,877$10,472,937
90$19,369,411$1,796,641$249,941$11,333,643
91$21,192,605$1,732,191$105,828$12,279,116
92$23,196,961$1,659,779$0$13,318,068
93$25,400,807$1,578,865$0$14,463,183
94$27,824,335$1,488,874$0$15,729,421
95$30,489,791$1,389,203$0$17,121,728
96$33,421,686$1,279,210$0$18,653,035
97$36,647,025$1,158,219$0$20,337,607
98$40,195,563$1,025,513$0$22,191,173
99$44,100,084$880,336$0$24,231,077
100$48,396,710$721,890$0$26,476,449