Can I retire at age 61 with 1,750,000?

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 $1,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$144,513$143,226$141,970$140,744$139,547$137,519
2 years$71,541$70,209$68,918$67,666$66,451$64,412
3 years$47,220$45,882$44,594$43,354$42,159$40,172
4 years$35,062$33,728$32,453$31,234$30,068$28,149
5 years$27,769$26,443$25,185$23,991$22,858$21,012
6 years$22,909$21,593$20,353$19,186$18,086$16,316
7 years$19,439$18,134$16,914$15,774$14,709$13,015
8 years$16,837$15,544$14,344$13,232$12,203$10,584
9 years$14,815$13,534$12,355$11,271$10,276$8,733
10 years$13,198$11,929$10,771$9,716$8,756$7,287
11 years$11,876$10,620$9,483$8,455$7,530$6,134
12 years$10,775$9,532$8,416$7,417$6,526$5,200
13 years$9,844$8,614$7,519$6,548$5,691$4,434
14 years$9,047$7,830$6,756$5,812$4,988$3,798
15 years$8,357$7,153$6,099$5,184$4,392$3,267
16 years$7,753$6,563$5,530$4,641$3,882$2,819
17 years$7,221$6,044$5,032$4,170$3,442$2,440
18 years$6,749$5,585$4,594$3,758$3,060$2,117
19 years$6,327$5,176$4,205$3,396$2,728$1,840
20 years$5,948$4,810$3,859$3,076$2,436$1,602
21 years$5,605$4,480$3,550$2,791$2,180$1,397
22 years$5,294$4,182$3,272$2,538$1,954$1,220
23 years$5,010$3,911$3,021$2,311$1,754$1,067
24 years$4,750$3,665$2,794$2,108$1,577$933
25 years$4,512$3,439$2,588$1,925$1,419$818
26 years$4,292$3,232$2,400$1,760$1,278$717
27 years$4,089$3,042$2,229$1,611$1,152$628
28 years$3,900$2,866$2,072$1,476$1,040$551
29 years$3,725$2,704$1,928$1,354$939$484
30 years$3,562$2,554$1,796$1,242$848$425
31 years$3,410$2,414$1,674$1,141$767$374
32 years$3,268$2,284$1,562$1,049$694$328
33 years$3,134$2,163$1,458$964$628$289
34 years$3,009$2,050$1,363$887$568$254
35 years$2,891$1,945$1,274$817$515$223
36 years$2,779$1,846$1,192$752$467$197
37 years$2,674$1,753$1,116$693$423$173
38 years$2,575$1,666$1,045$639$383$152
39 years$2,481$1,584$979$589$348$134
40 years$2,393$1,507$917$543$315$118
41 years$2,308$1,435$860$501$286$104
42 years$2,228$1,366$807$463$260$91
43 years$2,152$1,302$757$427$236$80
44 years$2,079$1,241$711$394$214$71
45 years$2,010$1,183$667$364$194$62
46 years$1,944$1,129$627$336$176$55
47 years$1,881$1,077$589$311$160$48
48 years$1,821$1,028$553$287$145$43
49 years$1,764$982$520$265$132$38
50 years$1,709$938$489$245$120$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,750,000, adding $5,028 every year, while hoping to spend $53,640 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: 52/24/24 Blend
60$1,750,000$1,750,000$1,750,000$1,750,000
61$1,933,686$1,840,936$1,813,811$2,021,074
62$2,073,850$1,874,070$1,817,502$2,115,185
63$2,226,512$1,907,029$1,819,517$2,211,595
64$2,392,892$1,939,748$1,819,747$2,315,367
65$2,574,329$1,972,159$1,818,071$2,427,221
66$2,772,300$2,004,184$1,814,365$2,547,953
67$2,988,429$2,035,743$1,808,501$2,678,443
68$3,224,503$2,066,749$1,800,340$2,819,658
69$3,482,492$2,097,109$1,789,741$2,972,668
70$3,764,562$2,126,723$1,776,553$3,138,652
71$4,073,098$2,155,484$1,760,619$3,318,912
72$4,410,729$2,183,277$1,741,774$3,514,885
73$4,780,347$2,209,982$1,719,847$3,728,153
74$5,185,137$2,235,465$1,694,657$3,960,466
75$5,628,608$2,259,589$1,666,014$4,213,751
76$6,114,621$2,282,205$1,633,722$4,490,136
77$6,647,433$2,303,154$1,597,572$4,791,969
78$7,231,729$2,322,266$1,557,348$5,121,837
79$7,872,671$2,339,362$1,512,824$5,482,597
80$8,575,942$2,354,250$1,463,763$5,877,401
81$9,347,806$2,366,725$1,409,916$6,309,723
82$10,195,158$2,376,571$1,351,025$6,783,397
83$11,125,598$2,383,557$1,286,818$7,302,653
84$12,147,494$2,387,437$1,217,012$7,872,153
85$13,270,067$2,387,950$1,141,310$8,497,044
86$14,503,474$2,384,819$1,059,404$9,182,998
87$15,858,903$2,377,750$970,969$9,936,274
88$17,348,683$2,366,431$875,668$10,763,774
89$18,986,394$2,350,532$773,148$11,673,109
90$20,786,998$2,329,699$663,040$12,672,673
91$22,766,979$2,303,562$544,959$13,771,725
92$24,944,499$2,271,725$418,503$14,980,471
93$27,339,567$2,233,769$283,253$16,310,170
94$29,974,231$2,189,251$138,769$17,773,235
95$32,872,780$2,137,702$0$19,383,353
96$36,061,978$2,078,624$0$21,159,568
97$39,571,314$2,011,491$0$23,152,752
98$43,433,279$1,935,745$0$25,345,810
99$47,683,674$1,850,797$0$27,759,108
100$52,361,945$1,756,022$0$30,415,092