Can I retire at age 61 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$146,991$145,681$144,404$143,157$141,940$140,341
2 years$72,768$71,412$70,099$68,826$67,590$65,981
3 years$48,030$46,669$45,359$44,097$42,882$41,312
4 years$35,663$34,307$33,010$31,770$30,584$29,065
5 years$28,246$26,897$25,617$24,402$23,249$21,786
6 years$23,302$21,963$20,702$19,515$18,396$16,991
7 years$19,772$18,445$17,204$16,044$14,961$13,614
8 years$17,126$15,810$14,590$13,459$12,412$11,122
9 years$15,069$13,766$12,566$11,464$10,453$9,220
10 years$13,424$12,134$10,956$9,882$8,906$7,731
11 years$12,079$10,802$9,645$8,600$7,660$6,540
12 years$10,960$9,695$8,560$7,544$6,638$5,573
13 years$10,013$8,762$7,648$6,660$5,788$4,776
14 years$9,202$7,964$6,871$5,912$5,074$4,114
15 years$8,500$7,275$6,204$5,272$4,467$3,558
16 years$7,886$6,675$5,625$4,721$3,948$3,087
17 years$7,345$6,148$5,118$4,242$3,501$2,687
18 years$6,865$5,681$4,672$3,823$3,113$2,344
19 years$6,436$5,265$4,277$3,454$2,774$2,050
20 years$6,050$4,892$3,926$3,128$2,478$1,796
21 years$5,701$4,557$3,611$2,839$2,218$1,575
22 years$5,384$4,254$3,328$2,581$1,988$1,384
23 years$5,096$3,978$3,073$2,351$1,784$1,217
24 years$4,832$3,728$2,842$2,144$1,604$1,072
25 years$4,589$3,498$2,632$1,958$1,443$945
26 years$4,366$3,288$2,441$1,790$1,300$833
27 years$4,159$3,094$2,267$1,639$1,172$736
28 years$3,967$2,916$2,107$1,502$1,058$650
29 years$3,789$2,750$1,961$1,377$955$574
30 years$3,623$2,598$1,827$1,264$863$508
31 years$3,468$2,456$1,703$1,161$780$449
32 years$3,324$2,323$1,589$1,067$706$397
33 years$3,188$2,200$1,483$981$639$352
34 years$3,060$2,085$1,386$902$578$311
35 years$2,940$1,978$1,296$831$524$276
36 years$2,827$1,877$1,212$765$475$244
37 years$2,720$1,783$1,135$705$430$216
38 years$2,619$1,695$1,063$650$390$192
39 years$2,524$1,611$995$599$354$170
40 years$2,434$1,533$933$553$321$151
41 years$2,348$1,459$875$510$291$133
42 years$2,266$1,390$821$471$264$118
43 years$2,189$1,324$770$434$240$105
44 years$2,115$1,262$723$401$217$93
45 years$2,045$1,204$679$370$197$82
46 years$1,978$1,148$638$342$179$73
47 years$1,914$1,096$599$316$163$65
48 years$1,852$1,046$563$292$148$58
49 years$1,794$999$529$270$134$51
50 years$1,738$954$497$250$122$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,780,000, adding $2,783 every year, while hoping to spend $33,334 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: 64/8/28 Blend
60$1,780,000$1,780,000$1,780,000$1,780,000
61$1,964,431$1,870,091$1,842,501$2,075,369
62$2,129,335$1,926,258$1,868,757$2,206,997
63$2,309,943$1,984,060$1,894,776$2,346,844
64$2,507,821$2,043,543$1,920,515$2,498,934
65$2,724,693$2,104,751$1,945,926$2,664,473
66$2,962,460$2,167,732$1,970,963$2,844,792
67$3,223,215$2,232,534$1,995,574$3,041,357
68$3,509,262$2,299,208$2,019,705$3,255,781
69$3,823,140$2,367,802$2,043,298$3,489,842
70$4,167,645$2,438,369$2,066,294$3,745,501
71$4,545,858$2,510,963$2,088,628$4,024,915
72$4,961,172$2,585,637$2,110,234$4,330,462
73$5,417,325$2,662,446$2,131,040$4,664,764
74$5,918,434$2,741,447$2,150,971$5,030,707
75$6,469,034$2,822,699$2,169,949$5,431,472
76$7,074,125$2,906,260$2,187,891$5,870,566
77$7,739,209$2,992,190$2,204,709$6,351,851
78$8,470,354$3,080,552$2,220,312$6,879,582
79$9,274,239$3,171,409$2,234,602$7,458,451
80$10,158,229$3,264,826$2,247,479$8,093,626
81$11,130,433$3,360,867$2,258,834$8,790,801
82$12,199,788$3,459,600$2,268,555$9,556,253
83$13,376,139$3,561,093$2,276,525$10,396,897
84$14,670,336$3,665,417$2,282,619$11,320,355
85$16,094,330$3,772,643$2,286,707$12,335,024
86$17,661,292$3,882,842$2,288,652$13,450,161
87$19,385,732$3,996,090$2,288,310$14,675,964
88$21,283,639$4,112,461$2,285,531$16,023,672
89$23,372,631$4,232,032$2,280,156$17,505,671
90$25,672,118$4,354,880$2,272,021$19,135,612
91$28,203,491$4,481,086$2,260,950$20,928,535
92$30,990,317$4,610,730$2,246,762$22,901,018
93$34,058,567$4,743,893$2,229,266$25,071,328
94$37,436,856$4,880,659$2,208,262$27,459,597
95$41,156,717$5,021,113$2,183,540$30,088,010
96$45,252,895$5,165,340$2,154,882$32,981,017
97$49,763,676$5,313,427$2,122,056$36,165,560
98$54,731,248$5,465,463$2,084,822$39,671,334
99$60,202,101$5,621,536$2,042,929$43,531,060
100$66,227,461$5,781,737$1,996,113$47,780,799