Can I retire at age 61 with 1,770,000?

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 $1,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$146,165$144,863$143,593$142,353$141,142$139,033
2 years$72,359$71,011$69,705$68,439$67,211$65,090
3 years$47,760$46,407$45,104$43,849$42,641$40,576
4 years$35,463$34,114$32,824$31,591$30,412$28,418
5 years$28,087$26,746$25,473$24,265$23,119$21,201
6 years$23,171$21,840$20,586$19,405$18,293$16,454
7 years$19,661$18,341$17,107$15,954$14,877$13,118
8 years$17,030$15,722$14,508$13,383$12,342$10,662
9 years$14,984$13,689$12,496$11,400$10,394$8,792
10 years$13,349$12,066$10,894$9,827$8,856$7,331
11 years$12,012$10,741$9,591$8,552$7,616$6,167
12 years$10,898$9,641$8,512$7,501$6,600$5,225
13 years$9,957$8,713$7,605$6,623$5,756$4,452
14 years$9,150$7,920$6,833$5,879$5,045$3,812
15 years$8,452$7,235$6,169$5,243$4,442$3,276
16 years$7,842$6,638$5,593$4,694$3,926$2,825
17 years$7,304$6,113$5,090$4,218$3,481$2,443
18 years$6,826$5,649$4,646$3,801$3,095$2,118
19 years$6,399$5,235$4,253$3,435$2,759$1,840
20 years$6,016$4,865$3,904$3,111$2,464$1,601
21 years$5,669$4,531$3,590$2,823$2,205$1,395
22 years$5,354$4,230$3,309$2,567$1,977$1,217
23 years$5,067$3,956$3,055$2,338$1,774$1,063
24 years$4,805$3,707$2,826$2,132$1,595$930
25 years$4,563$3,478$2,617$1,947$1,435$814
26 years$4,341$3,269$2,427$1,780$1,293$713
27 years$4,135$3,077$2,254$1,630$1,166$625
28 years$3,945$2,899$2,095$1,493$1,052$548
29 years$3,768$2,735$1,950$1,369$950$480
30 years$3,603$2,583$1,816$1,257$858$422
31 years$3,449$2,442$1,693$1,154$776$370
32 years$3,305$2,310$1,580$1,061$702$325
33 years$3,170$2,188$1,475$975$635$286
34 years$3,043$2,074$1,378$897$575$251
35 years$2,924$1,967$1,289$826$521$221
36 years$2,811$1,867$1,205$761$472$194
37 years$2,705$1,773$1,128$701$428$170
38 years$2,605$1,685$1,057$646$388$150
39 years$2,510$1,602$990$596$352$132
40 years$2,420$1,524$928$550$319$116
41 years$2,335$1,451$870$507$289$102
42 years$2,253$1,382$816$468$263$90
43 years$2,176$1,317$766$432$238$79
44 years$2,103$1,255$719$399$216$69
45 years$2,033$1,197$675$368$196$61
46 years$1,966$1,142$634$340$178$54
47 years$1,903$1,090$596$314$162$47
48 years$1,842$1,040$560$290$147$42
49 years$1,784$993$526$268$134$37
50 years$1,728$949$495$248$121$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,770,000, adding $2,642 every year, while hoping to spend $47,926 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: 42/33/25 Blend
60$1,770,000$1,770,000$1,770,000$1,770,000
61$1,953,265$1,859,455$1,832,020$2,020,901
62$2,101,505$1,899,576$1,842,400$2,109,703
63$2,263,260$1,940,056$1,851,521$2,201,047
64$2,439,856$1,980,862$1,859,291$2,299,029
65$2,632,756$2,021,960$1,865,612$2,404,286
66$2,843,570$2,063,308$1,870,382$2,517,523
67$3,074,067$2,104,863$1,873,494$2,639,518
68$3,326,200$2,146,579$1,874,834$2,771,129
69$3,602,115$2,188,405$1,874,284$2,913,300
70$3,904,178$2,230,284$1,871,719$3,067,077
71$4,234,993$2,272,156$1,867,011$3,233,608
72$4,597,428$2,313,957$1,860,021$3,414,165
73$4,994,640$2,355,616$1,850,606$3,610,147
74$5,430,109$2,397,057$1,838,617$3,823,099
75$5,907,666$2,438,198$1,823,896$4,054,726
76$6,431,529$2,478,951$1,806,278$4,306,908
77$7,006,346$2,519,221$1,785,589$4,581,719
78$7,637,237$2,558,906$1,761,650$4,881,446
79$8,329,841$2,597,898$1,734,271$5,208,612
80$9,090,368$2,636,079$1,703,253$5,566,001
81$9,925,663$2,673,324$1,668,389$5,956,682
82$10,843,261$2,709,498$1,629,461$6,384,043
83$11,851,469$2,744,458$1,586,242$6,851,819
84$12,959,432$2,778,049$1,538,495$7,364,128
85$14,177,230$2,810,110$1,485,970$7,925,515
86$15,515,965$2,840,463$1,428,408$8,540,990
87$16,987,869$2,868,922$1,365,536$9,216,082
88$18,606,421$2,895,287$1,297,070$9,956,884
89$20,386,466$2,919,347$1,222,713$10,770,119
90$22,344,366$2,940,875$1,142,153$11,663,202
91$24,498,143$2,959,630$1,055,068$12,644,305
92$26,867,657$2,975,355$961,116$13,722,446
93$29,474,789$2,987,779$859,944$14,907,566
94$32,343,647$2,996,609$751,182$16,210,627
95$35,500,795$3,001,539$634,442$17,643,717
96$38,975,502$3,002,241$509,322$19,220,167
97$42,800,019$2,998,366$375,400$20,954,673
98$47,009,880$2,989,545$232,235$22,863,442
99$51,644,242$2,975,386$79,369$24,964,342
100$56,746,247$2,955,473$0$27,277,075