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%19.5%
1 years$146,991$145,681$144,404$143,157$141,940$136,524
2 years$72,768$71,412$70,099$68,826$67,590$62,198
3 years$48,030$46,669$45,359$44,097$42,882$37,682
4 years$35,663$34,307$33,010$31,770$30,584$25,617
5 years$28,246$26,897$25,617$24,402$23,249$18,527
6 years$23,302$21,963$20,702$19,515$18,396$13,923
7 years$19,772$18,445$17,204$16,044$14,961$10,735
8 years$17,126$15,810$14,590$13,459$12,412$8,429
9 years$15,069$13,766$12,566$11,464$10,453$6,707
10 years$13,424$12,134$10,956$9,882$8,906$5,391
11 years$12,079$10,802$9,645$8,600$7,660$4,367
12 years$10,960$9,695$8,560$7,544$6,638$3,559
13 years$10,013$8,762$7,648$6,660$5,788$2,915
14 years$9,202$7,964$6,871$5,912$5,074$2,396
15 years$8,500$7,275$6,204$5,272$4,467$1,976
16 years$7,886$6,675$5,625$4,721$3,948$1,634
17 years$7,345$6,148$5,118$4,242$3,501$1,354
18 years$6,865$5,681$4,672$3,823$3,113$1,123
19 years$6,436$5,265$4,277$3,454$2,774$934
20 years$6,050$4,892$3,926$3,128$2,478$777
21 years$5,701$4,557$3,611$2,839$2,218$647
22 years$5,384$4,254$3,328$2,581$1,988$539
23 years$5,096$3,978$3,073$2,351$1,784$450
24 years$4,832$3,728$2,842$2,144$1,604$375
25 years$4,589$3,498$2,632$1,958$1,443$313
26 years$4,366$3,288$2,441$1,790$1,300$262
27 years$4,159$3,094$2,267$1,639$1,172$219
28 years$3,967$2,916$2,107$1,502$1,058$183
29 years$3,789$2,750$1,961$1,377$955$153
30 years$3,623$2,598$1,827$1,264$863$128
31 years$3,468$2,456$1,703$1,161$780$107
32 years$3,324$2,323$1,589$1,067$706$89
33 years$3,188$2,200$1,483$981$639$75
34 years$3,060$2,085$1,386$902$578$62
35 years$2,940$1,978$1,296$831$524$52
36 years$2,827$1,877$1,212$765$475$44
37 years$2,720$1,783$1,135$705$430$37
38 years$2,619$1,695$1,063$650$390$31
39 years$2,524$1,611$995$599$354$26
40 years$2,434$1,533$933$553$321$21
41 years$2,348$1,459$875$510$291$18
42 years$2,266$1,390$821$471$264$15
43 years$2,189$1,324$770$434$240$13
44 years$2,115$1,262$723$401$217$11
45 years$2,045$1,204$679$370$197$9
46 years$1,978$1,148$638$342$179$7
47 years$1,914$1,096$599$316$163$6
48 years$1,852$1,046$563$292$148$5
49 years$1,794$999$529$270$134$4
50 years$1,738$954$497$250$122$4

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 $4,387 every year, while hoping to spend $38,252 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: 46/32/22 Blend
60$1,780,000$1,780,000$1,780,000$1,780,000
61$1,966,085$1,871,745$1,844,155$2,043,944
62$2,125,926$1,922,761$1,865,235$2,150,053
63$2,300,789$1,974,994$1,885,738$2,260,980
64$2,492,165$2,028,465$1,905,606$2,380,551
65$2,701,697$2,083,191$1,924,775$2,509,592
66$2,931,195$2,139,192$1,943,180$2,649,010
67$3,182,650$2,196,486$1,960,750$2,799,806
68$3,458,256$2,255,089$1,977,411$2,963,082
69$3,760,430$2,315,021$1,993,086$3,140,050
70$4,091,833$2,376,296$2,007,693$3,332,046
71$4,455,396$2,438,930$2,021,147$3,540,542
72$4,854,347$2,502,939$2,033,356$3,767,160
73$5,292,244$2,568,335$2,044,226$4,013,684
74$5,773,002$2,635,133$2,053,658$4,282,084
75$6,300,938$2,703,344$2,061,545$4,574,525
76$6,880,804$2,772,979$2,067,777$4,893,397
77$7,517,838$2,844,046$2,072,239$5,241,331
78$8,217,807$2,916,555$2,074,809$5,621,227
79$8,987,068$2,990,511$2,075,360$6,036,278
80$9,832,621$3,065,918$2,073,757$6,490,006
81$10,762,180$3,142,780$2,069,859$6,986,290
82$11,784,243$3,221,096$2,063,520$7,529,404
83$12,908,173$3,300,867$2,054,585$8,124,059
84$14,144,284$3,382,087$2,042,891$8,775,446
85$15,503,943$3,464,751$2,028,270$9,489,285
86$16,999,670$3,548,849$2,010,542$10,271,882
87$18,645,262$3,634,368$1,989,521$11,130,182
88$20,455,921$3,721,295$1,965,012$12,071,843
89$22,448,396$3,809,609$1,936,811$13,105,303
90$24,641,142$3,899,289$1,904,704$14,239,860
91$27,054,492$3,990,308$1,868,465$15,485,763
92$29,710,853$4,082,636$1,827,861$16,854,306
93$32,634,912$4,176,237$1,782,646$18,357,937
94$35,853,871$4,271,071$1,732,563$20,010,373
95$39,397,706$4,367,093$1,677,344$21,826,733
96$43,299,444$4,464,253$1,616,707$23,823,680
97$47,595,479$4,562,493$1,550,359$26,019,575
98$52,325,914$4,661,751$1,477,992$28,434,658
99$57,534,938$4,761,958$1,399,285$31,091,232
100$63,271,243$4,863,035$1,313,903$34,013,878