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%18.2%
1 years$142,862$141,589$140,348$139,136$137,953$133,377
2 years$70,724$69,406$68,130$66,892$65,692$61,126
3 years$46,681$45,358$44,085$42,859$41,678$37,265
4 years$34,662$33,343$32,082$30,877$29,725$25,500
5 years$27,452$26,141$24,897$23,717$22,596$18,570
6 years$22,647$21,346$20,121$18,966$17,880$14,055
7 years$19,217$17,927$16,720$15,593$14,541$10,917
8 years$16,645$15,366$14,180$13,081$12,063$8,638
9 years$14,646$13,379$12,213$11,142$10,159$6,929
10 years$13,047$11,793$10,648$9,604$8,656$5,615
11 years$11,740$10,499$9,374$8,359$7,444$4,587
12 years$10,652$9,423$8,319$7,332$6,451$3,771
13 years$9,732$8,516$7,433$6,473$5,626$3,116
14 years$8,943$7,741$6,678$5,746$4,931$2,585
15 years$8,261$7,071$6,030$5,124$4,342$2,152
16 years$7,665$6,488$5,467$4,588$3,837$1,796
17 years$7,139$5,975$4,975$4,123$3,402$1,502
18 years$6,672$5,521$4,541$3,715$3,025$1,259
19 years$6,255$5,117$4,157$3,357$2,697$1,057
20 years$5,880$4,755$3,815$3,040$2,409$888
21 years$5,541$4,429$3,509$2,759$2,155$747
22 years$5,233$4,134$3,234$2,509$1,932$629
23 years$4,953$3,867$2,986$2,285$1,734$530
24 years$4,696$3,623$2,762$2,084$1,559$447
25 years$4,460$3,400$2,558$1,903$1,403$377
26 years$4,243$3,195$2,372$1,740$1,264$318
27 years$4,042$3,007$2,203$1,593$1,139$269
28 years$3,856$2,834$2,048$1,459$1,028$227
29 years$3,683$2,673$1,906$1,338$928$192
30 years$3,522$2,525$1,775$1,228$839$162
31 years$3,371$2,387$1,655$1,128$758$137
32 years$3,230$2,258$1,544$1,037$686$116
33 years$3,098$2,139$1,442$953$621$98
34 years$2,974$2,027$1,347$877$562$83
35 years$2,858$1,922$1,259$807$509$70
36 years$2,748$1,825$1,178$744$461$59
37 years$2,644$1,733$1,103$685$418$50
38 years$2,546$1,647$1,033$632$379$42
39 years$2,453$1,566$968$582$344$36
40 years$2,365$1,490$907$537$312$30
41 years$2,282$1,418$850$496$283$26
42 years$2,203$1,351$798$457$257$22
43 years$2,127$1,287$748$422$233$18
44 years$2,055$1,227$703$390$211$15
45 years$1,987$1,170$660$360$192$13
46 years$1,922$1,116$620$333$174$11
47 years$1,860$1,065$582$307$158$9
48 years$1,800$1,017$547$284$144$8
49 years$1,743$971$514$262$130$7
50 years$1,689$927$483$242$119$6

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 $3,652 every year, while hoping to spend $40,804 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: 53/36/11 Blend
60$1,730,000$1,730,000$1,730,000$1,730,000
61$1,910,227$1,818,537$1,791,722$2,005,847
62$2,061,655$1,864,230$1,808,330$2,116,991
63$2,227,161$1,910,795$1,824,126$2,233,140
64$2,408,138$1,958,230$1,839,041$2,358,557
65$2,606,120$2,006,535$1,853,000$2,494,129
66$2,822,795$2,055,706$1,865,926$2,640,831
67$3,060,022$2,105,738$1,877,737$2,799,740
68$3,319,850$2,156,625$1,888,347$2,972,038
69$3,604,533$2,208,357$1,897,665$3,159,030
70$3,916,554$2,260,926$1,905,595$3,362,151
71$4,258,649$2,314,318$1,912,039$3,582,982
72$4,633,829$2,368,517$1,916,891$3,823,266
73$5,045,413$2,423,508$1,920,040$4,084,921
74$5,497,056$2,479,270$1,921,371$4,370,062
75$5,992,781$2,535,780$1,920,763$4,681,016
76$6,537,024$2,593,012$1,918,088$5,020,350
77$7,134,668$2,650,938$1,913,212$5,390,889
78$7,791,095$2,709,524$1,905,994$5,795,750
79$8,512,230$2,768,735$1,896,289$6,238,363
80$9,304,605$2,828,530$1,883,942$6,722,509
81$10,175,411$2,888,865$1,868,791$7,252,355
82$11,132,575$2,949,691$1,850,667$7,832,492
83$12,184,826$3,010,955$1,829,393$8,467,978
84$13,341,784$3,072,597$1,804,784$9,164,390
85$14,614,046$3,134,554$1,776,644$9,927,870
86$16,013,288$3,196,757$1,744,771$10,765,188
87$17,552,374$3,259,128$1,708,951$11,683,805
88$19,245,477$3,321,586$1,668,961$12,691,943
89$21,108,213$3,384,042$1,624,569$13,798,663
90$23,157,789$3,446,398$1,575,531$15,013,950
91$25,413,163$3,508,551$1,521,590$16,348,808
92$27,895,223$3,570,387$1,462,481$17,815,366
93$30,626,986$3,631,786$1,397,924$19,426,988
94$33,633,812$3,692,617$1,327,628$21,198,405
95$36,943,644$3,752,738$1,251,287$23,145,849
96$40,587,273$3,812,001$1,168,583$25,287,212
97$44,598,628$3,870,241$1,079,183$27,642,210
98$49,015,091$3,927,286$982,738$30,232,572
99$53,877,856$3,982,949$878,886$33,082,248
100$59,232,315$4,037,031$767,247$36,217,631