Can I retire at age 61 with 1,760,000?

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 $1,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$145,339$144,045$142,781$141,549$140,345$138,591
2 years$71,950$70,610$69,311$68,052$66,831$65,066
3 years$47,490$46,144$44,849$43,602$42,400$40,680
4 years$35,263$33,921$32,639$31,413$30,240$28,577
5 years$27,928$26,595$25,329$24,128$22,988$21,387
6 years$23,040$21,716$20,470$19,295$18,190$16,652
7 years$19,550$18,237$17,010$15,864$14,793$13,320
8 years$16,933$15,633$14,426$13,308$12,272$10,864
9 years$14,900$13,611$12,425$11,335$10,335$8,990
10 years$13,273$11,998$10,833$9,771$8,806$7,524
11 years$11,944$10,681$9,537$8,504$7,573$6,353
12 years$10,836$9,586$8,464$7,459$6,563$5,403
13 years$9,900$8,663$7,562$6,585$5,723$4,622
14 years$9,099$7,875$6,794$5,846$5,017$3,973
15 years$8,404$7,194$6,134$5,213$4,417$3,429
16 years$7,797$6,600$5,562$4,668$3,904$2,969
17 years$7,263$6,078$5,061$4,194$3,461$2,579
18 years$6,788$5,617$4,620$3,780$3,078$2,245
19 years$6,363$5,206$4,229$3,415$2,743$1,959
20 years$5,982$4,837$3,881$3,093$2,450$1,712
21 years$5,637$4,506$3,570$2,807$2,193$1,499
22 years$5,324$4,206$3,290$2,552$1,966$1,314
23 years$5,039$3,934$3,038$2,325$1,764$1,153
24 years$4,777$3,686$2,810$2,120$1,586$1,013
25 years$4,538$3,459$2,602$1,936$1,427$891
26 years$4,316$3,251$2,414$1,770$1,285$784
27 years$4,112$3,059$2,241$1,620$1,159$690
28 years$3,923$2,883$2,084$1,485$1,046$608
29 years$3,747$2,720$1,939$1,361$944$536
30 years$3,583$2,568$1,806$1,250$853$473
31 years$3,429$2,428$1,684$1,148$771$417
32 years$3,286$2,297$1,571$1,055$698$368
33 years$3,152$2,176$1,467$970$631$325
34 years$3,026$2,062$1,370$892$572$287
35 years$2,907$1,956$1,281$821$518$254
36 years$2,795$1,856$1,199$757$469$224
37 years$2,690$1,763$1,122$697$425$198
38 years$2,590$1,676$1,051$642$386$175
39 years$2,496$1,593$984$592$350$155
40 years$2,406$1,516$923$546$317$137
41 years$2,321$1,443$865$504$288$121
42 years$2,241$1,374$811$465$261$107
43 years$2,164$1,309$761$429$237$95
44 years$2,091$1,248$715$397$215$84
45 years$2,022$1,190$671$366$195$74
46 years$1,955$1,135$630$338$177$65
47 years$1,892$1,083$592$313$161$58
48 years$1,832$1,034$557$289$146$51
49 years$1,774$988$523$267$133$45
50 years$1,718$944$492$247$121$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,760,000, adding $2,578 every year, while hoping to spend $28,525 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: 68/17/15 Blend
60$1,760,000$1,760,000$1,760,000$1,760,000
61$1,942,179$1,848,899$1,821,619$2,067,282
62$2,109,931$1,909,145$1,852,293$2,211,218
63$2,293,838$1,971,387$1,883,038$2,364,975
64$2,495,517$2,035,692$1,913,828$2,532,427
65$2,716,749$2,102,131$1,944,631$2,714,918
66$2,959,499$2,170,776$1,975,417$2,913,926
67$3,225,926$2,241,703$2,006,152$3,131,078
68$3,518,413$2,314,989$2,036,801$3,368,169
69$3,839,582$2,390,714$2,067,324$3,627,171
70$4,192,322$2,468,962$2,097,682$3,910,259
71$4,579,817$2,549,818$2,127,832$4,219,826
72$5,005,572$2,633,373$2,157,728$4,558,510
73$5,473,450$2,719,719$2,187,322$4,929,213
74$5,987,707$2,808,950$2,216,563$5,335,133
75$6,553,031$2,901,167$2,245,396$5,779,794
76$7,174,588$2,996,472$2,273,764$6,267,076
77$7,858,068$3,094,970$2,301,607$6,801,252
78$8,609,740$3,196,773$2,328,860$7,387,030
79$9,436,512$3,301,994$2,355,456$8,029,597
80$10,345,996$3,410,751$2,381,323$8,734,666
81$11,346,575$3,523,166$2,406,385$9,508,531
82$12,447,491$3,639,366$2,430,564$10,358,126
83$13,658,923$3,759,482$2,453,775$11,291,090
84$14,992,086$3,883,650$2,475,931$12,315,839
85$16,459,341$4,012,011$2,496,936$13,441,645
86$18,074,305$4,144,711$2,516,695$14,678,723
87$19,851,983$4,281,900$2,535,103$16,038,328
88$21,808,907$4,423,736$2,552,051$17,532,862
89$23,963,297$4,570,381$2,567,426$19,175,988
90$26,335,226$4,722,002$2,581,108$20,982,759
91$28,946,814$4,878,774$2,592,969$22,969,762
92$31,822,433$5,040,878$2,602,878$25,155,275
93$34,988,941$5,208,502$2,610,694$27,559,434
94$38,475,933$5,381,838$2,616,272$30,204,429
95$42,316,019$5,561,088$2,619,458$33,114,708
96$46,545,133$5,746,462$2,620,090$36,317,213
97$51,202,872$5,938,174$2,617,998$39,841,627
98$56,332,870$6,136,450$2,613,006$43,720,661
99$61,983,207$6,341,521$2,604,927$47,990,357
100$68,206,868$6,553,628$2,593,565$52,690,432