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

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$146,991$145,681$144,404$143,157$141,940$137,067
2 years$72,768$71,412$70,099$68,826$67,590$62,731
3 years$48,030$46,669$45,359$44,097$42,882$38,189
4 years$35,663$34,307$33,010$31,770$30,584$26,092
5 years$28,246$26,897$25,617$24,402$23,249$18,971
6 years$23,302$21,963$20,702$19,515$18,396$14,335
7 years$19,772$18,445$17,204$16,044$14,961$11,116
8 years$17,126$15,810$14,590$13,459$12,412$8,780
9 years$15,069$13,766$12,566$11,464$10,453$7,029
10 years$13,424$12,134$10,956$9,882$8,906$5,686
11 years$12,079$10,802$9,645$8,600$7,660$4,636
12 years$10,960$9,695$8,560$7,544$6,638$3,803
13 years$10,013$8,762$7,648$6,660$5,788$3,136
14 years$9,202$7,964$6,871$5,912$5,074$2,596
15 years$8,500$7,275$6,204$5,272$4,467$2,157
16 years$7,886$6,675$5,625$4,721$3,948$1,796
17 years$7,345$6,148$5,118$4,242$3,501$1,499
18 years$6,865$5,681$4,672$3,823$3,113$1,254
19 years$6,436$5,265$4,277$3,454$2,774$1,050
20 years$6,050$4,892$3,926$3,128$2,478$880
21 years$5,701$4,557$3,611$2,839$2,218$739
22 years$5,384$4,254$3,328$2,581$1,988$621
23 years$5,096$3,978$3,073$2,351$1,784$522
24 years$4,832$3,728$2,842$2,144$1,604$439
25 years$4,589$3,498$2,632$1,958$1,443$369
26 years$4,366$3,288$2,441$1,790$1,300$311
27 years$4,159$3,094$2,267$1,639$1,172$262
28 years$3,967$2,916$2,107$1,502$1,058$221
29 years$3,789$2,750$1,961$1,377$955$186
30 years$3,623$2,598$1,827$1,264$863$157
31 years$3,468$2,456$1,703$1,161$780$132
32 years$3,324$2,323$1,589$1,067$706$111
33 years$3,188$2,200$1,483$981$639$94
34 years$3,060$2,085$1,386$902$578$79
35 years$2,940$1,978$1,296$831$524$67
36 years$2,827$1,877$1,212$765$475$56
37 years$2,720$1,783$1,135$705$430$48
38 years$2,619$1,695$1,063$650$390$40
39 years$2,524$1,611$995$599$354$34
40 years$2,434$1,533$933$553$321$29
41 years$2,348$1,459$875$510$291$24
42 years$2,266$1,390$821$471$264$20
43 years$2,189$1,324$770$434$240$17
44 years$2,115$1,262$723$401$217$14
45 years$2,045$1,204$679$370$197$12
46 years$1,978$1,148$638$342$179$10
47 years$1,914$1,096$599$316$163$9
48 years$1,852$1,046$563$292$148$7
49 years$1,794$999$529$270$134$6
50 years$1,738$954$497$250$122$5

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 $6,781 every year, while hoping to spend $56,729 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: 45/44/11 Blend
60$1,780,000$1,780,000$1,780,000$1,780,000
61$1,968,555$1,874,215$1,846,625$2,050,705
62$2,108,988$1,905,692$1,848,127$2,139,837
63$2,261,844$1,936,810$1,847,779$2,230,097
64$2,428,331$1,967,492$1,845,458$2,326,695
65$2,609,776$1,997,655$1,841,036$2,430,236
66$2,807,641$2,027,208$1,834,379$2,541,390
67$3,023,537$2,056,058$1,825,347$2,660,895
68$3,259,233$2,084,100$1,813,792$2,789,565
69$3,516,681$2,111,227$1,799,560$2,928,298
70$3,798,026$2,137,320$1,782,489$3,078,088
71$4,105,631$2,162,256$1,762,409$3,240,030
72$4,442,099$2,185,900$1,739,142$3,415,331
73$4,810,293$2,208,109$1,712,504$3,605,325
74$5,213,369$2,228,733$1,682,299$3,811,486
75$5,654,800$2,247,608$1,648,324$4,035,438
76$6,138,412$2,264,563$1,610,365$4,278,974
77$6,668,417$2,279,414$1,568,199$4,544,073
78$7,249,455$2,291,964$1,521,593$4,832,920
79$7,886,636$2,302,007$1,470,303$5,147,924
80$8,585,588$2,309,321$1,414,073$5,491,747
81$9,352,511$2,313,670$1,352,637$5,867,323
82$10,194,232$2,314,805$1,285,716$6,277,892
83$11,118,273$2,312,460$1,213,017$6,727,029
84$12,132,920$2,306,353$1,134,236$7,218,677
85$13,247,299$2,296,186$1,049,054$7,757,188
86$14,471,464$2,281,640$957,138$8,347,365
87$15,816,493$2,262,379$858,141$8,994,504
88$17,294,585$2,238,046$751,699$9,704,452
89$18,919,185$2,208,262$637,433$10,483,657
90$20,705,101$2,172,626$514,946$11,339,232
91$22,668,649$2,130,713$383,825$12,279,026
92$24,827,806$2,082,072$243,638$13,311,696
93$27,202,376$2,026,227$93,933$14,446,794
94$29,814,179$1,962,673$0$15,694,852
95$32,687,256$1,890,875$0$17,075,217
96$35,848,097$1,810,269$0$18,605,248
97$39,325,885$1,720,254$0$20,288,104
98$43,152,779$1,620,200$0$22,139,440
99$47,364,208$1,509,436$0$24,176,517
100$51,999,214$1,387,254$0$26,418,367