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

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 $1,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$142,862$141,589$140,348$139,136$137,953$136,342
2 years$70,724$69,406$68,130$66,892$65,692$64,070
3 years$46,681$45,358$44,085$42,859$41,678$40,096
4 years$34,662$33,343$32,082$30,877$29,725$28,195
5 years$27,452$26,141$24,897$23,717$22,596$21,123
6 years$22,647$21,346$20,121$18,966$17,880$16,465
7 years$19,217$17,927$16,720$15,593$14,541$13,185
8 years$16,645$15,366$14,180$13,081$12,063$10,766
9 years$14,646$13,379$12,213$11,142$10,159$8,920
10 years$13,047$11,793$10,648$9,604$8,656$7,474
11 years$11,740$10,499$9,374$8,359$7,444$6,319
12 years$10,652$9,423$8,319$7,332$6,451$5,381
13 years$9,732$8,516$7,433$6,473$5,626$4,609
14 years$8,943$7,741$6,678$5,746$4,931$3,967
15 years$8,261$7,071$6,030$5,124$4,342$3,428
16 years$7,665$6,488$5,467$4,588$3,837$2,973
17 years$7,139$5,975$4,975$4,123$3,402$2,586
18 years$6,672$5,521$4,541$3,715$3,025$2,254
19 years$6,255$5,117$4,157$3,357$2,697$1,970
20 years$5,880$4,755$3,815$3,040$2,409$1,724
21 years$5,541$4,429$3,509$2,759$2,155$1,512
22 years$5,233$4,134$3,234$2,509$1,932$1,327
23 years$4,953$3,867$2,986$2,285$1,734$1,166
24 years$4,696$3,623$2,762$2,084$1,559$1,026
25 years$4,460$3,400$2,558$1,903$1,403$904
26 years$4,243$3,195$2,372$1,740$1,264$796
27 years$4,042$3,007$2,203$1,593$1,139$702
28 years$3,856$2,834$2,048$1,459$1,028$620
29 years$3,683$2,673$1,906$1,338$928$547
30 years$3,522$2,525$1,775$1,228$839$484
31 years$3,371$2,387$1,655$1,128$758$427
32 years$3,230$2,258$1,544$1,037$686$378
33 years$3,098$2,139$1,442$953$621$334
34 years$2,974$2,027$1,347$877$562$296
35 years$2,858$1,922$1,259$807$509$262
36 years$2,748$1,825$1,178$744$461$231
37 years$2,644$1,733$1,103$685$418$205
38 years$2,546$1,647$1,033$632$379$181
39 years$2,453$1,566$968$582$344$161
40 years$2,365$1,490$907$537$312$142
41 years$2,282$1,418$850$496$283$126
42 years$2,203$1,351$798$457$257$112
43 years$2,127$1,287$748$422$233$99
44 years$2,055$1,227$703$390$211$88
45 years$1,987$1,170$660$360$192$78
46 years$1,922$1,116$620$333$174$69
47 years$1,860$1,065$582$307$158$61
48 years$1,800$1,017$547$284$144$54
49 years$1,743$971$514$262$130$48
50 years$1,689$927$483$242$119$42

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 $2,013 every year, while hoping to spend $59,461 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: 42/47/11 Blend
60$1,730,000$1,730,000$1,730,000$1,730,000
61$1,908,536$1,816,846$1,790,031$1,982,462
62$2,039,941$1,842,606$1,786,731$2,060,151
63$2,182,756$1,867,635$1,781,328$2,138,116
64$2,338,083$1,891,834$1,773,688$2,221,213
65$2,507,132$1,915,099$1,763,671$2,309,935
66$2,691,237$1,937,317$1,751,132$2,404,827
67$2,891,865$1,958,367$1,735,917$2,506,491
68$3,110,630$1,978,121$1,717,865$2,615,593
69$3,349,309$1,996,443$1,696,807$2,732,869
70$3,609,856$2,013,187$1,672,568$2,859,133
71$3,894,425$2,028,197$1,644,963$2,995,283
72$4,205,386$2,041,308$1,613,799$3,142,312
73$4,545,347$2,052,344$1,578,873$3,301,319
74$4,917,181$2,061,118$1,539,974$3,473,518
75$5,324,051$2,067,430$1,496,880$3,660,247
76$5,769,439$2,071,069$1,449,361$3,862,990
77$6,257,180$2,071,809$1,397,172$4,083,382
78$6,791,497$2,069,413$1,340,063$4,323,232
79$7,377,042$2,063,626$1,277,766$4,584,538
80$8,018,935$2,054,179$1,210,007$4,869,506
81$8,722,819$2,040,786$1,136,494$5,180,573
82$9,494,907$2,023,144$1,056,927$5,520,433
83$10,342,041$2,000,933$970,988$5,892,057
84$11,271,761$1,973,810$878,348$6,298,731
85$12,292,370$1,941,416$778,662$6,744,079
86$13,413,014$1,903,367$671,569$7,232,107
87$14,643,768$1,859,259$556,694$7,767,235
88$15,995,732$1,808,663$433,643$8,354,344
89$17,481,133$1,751,123$302,006$8,998,824
90$19,113,441$1,686,161$161,355$9,706,623
91$20,907,495$1,613,265$11,243$10,484,308
92$22,879,643$1,531,899$0$11,339,128
93$25,047,898$1,441,493$0$12,296,566
94$27,432,102$1,341,445$0$13,350,514
95$30,054,118$1,231,118$0$14,509,457
96$32,938,035$1,109,839$0$15,784,210
97$36,110,390$976,897$0$17,186,706
98$39,600,425$831,540$0$18,730,108
99$43,440,357$672,974$0$20,428,936
100$47,665,684$500,360$0$22,299,205