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%11.8%
1 years$146,991$145,681$144,404$143,157$141,940$140,868
2 years$72,768$71,412$70,099$68,826$67,590$66,510
3 years$48,030$46,669$45,359$44,097$42,882$41,826
4 years$35,663$34,307$33,010$31,770$30,584$29,561
5 years$28,246$26,897$25,617$24,402$23,249$22,262
6 years$23,302$21,963$20,702$19,515$18,396$17,446
7 years$19,772$18,445$17,204$16,044$14,961$14,049
8 years$17,126$15,810$14,590$13,459$12,412$11,537
9 years$15,069$13,766$12,566$11,464$10,453$9,615
10 years$13,424$12,134$10,956$9,882$8,906$8,105
11 years$12,079$10,802$9,645$8,600$7,660$6,895
12 years$10,960$9,695$8,560$7,544$6,638$5,909
13 years$10,013$8,762$7,648$6,660$5,788$5,094
14 years$9,202$7,964$6,871$5,912$5,074$4,413
15 years$8,500$7,275$6,204$5,272$4,467$3,840
16 years$7,886$6,675$5,625$4,721$3,948$3,353
17 years$7,345$6,148$5,118$4,242$3,501$2,937
18 years$6,865$5,681$4,672$3,823$3,113$2,579
19 years$6,436$5,265$4,277$3,454$2,774$2,269
20 years$6,050$4,892$3,926$3,128$2,478$2,001
21 years$5,701$4,557$3,611$2,839$2,218$1,767
22 years$5,384$4,254$3,328$2,581$1,988$1,563
23 years$5,096$3,978$3,073$2,351$1,784$1,384
24 years$4,832$3,728$2,842$2,144$1,604$1,228
25 years$4,589$3,498$2,632$1,958$1,443$1,089
26 years$4,366$3,288$2,441$1,790$1,300$968
27 years$4,159$3,094$2,267$1,639$1,172$860
28 years$3,967$2,916$2,107$1,502$1,058$765
29 years$3,789$2,750$1,961$1,377$955$681
30 years$3,623$2,598$1,827$1,264$863$607
31 years$3,468$2,456$1,703$1,161$780$541
32 years$3,324$2,323$1,589$1,067$706$482
33 years$3,188$2,200$1,483$981$639$430
34 years$3,060$2,085$1,386$902$578$383
35 years$2,940$1,978$1,296$831$524$342
36 years$2,827$1,877$1,212$765$475$305
37 years$2,720$1,783$1,135$705$430$273
38 years$2,619$1,695$1,063$650$390$243
39 years$2,524$1,611$995$599$354$217
40 years$2,434$1,533$933$553$321$194
41 years$2,348$1,459$875$510$291$173
42 years$2,266$1,390$821$471$264$155
43 years$2,189$1,324$770$434$240$138
44 years$2,115$1,262$723$401$217$124
45 years$2,045$1,204$679$370$197$111
46 years$1,978$1,148$638$342$179$99
47 years$1,914$1,096$599$316$163$88
48 years$1,852$1,046$563$292$148$79
49 years$1,794$999$529$270$134$71
50 years$1,738$954$497$250$122$63

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 $2,000 every year, while hoping to spend $38,484 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: 40/46/14 Blend
60$1,780,000$1,780,000$1,780,000$1,780,000
61$1,963,623$1,869,283$1,841,693$2,033,903
62$2,122,966$1,919,931$1,862,443$2,134,509
63$2,297,272$1,971,771$1,882,598$2,239,362
64$2,488,027$2,024,821$1,902,098$2,351,958
65$2,696,866$2,079,098$1,920,879$2,473,016
66$2,925,592$2,134,619$1,938,874$2,603,329
67$3,176,187$2,191,400$1,956,011$2,743,770
68$3,450,837$2,249,458$1,972,216$2,895,297
69$3,751,947$2,308,806$1,987,411$3,058,969
70$4,082,168$2,369,460$2,001,512$3,235,948
71$4,444,419$2,431,433$2,014,432$3,427,514
72$4,841,914$2,494,738$2,026,080$3,635,079
73$5,278,195$2,559,386$2,036,359$3,860,193
74$5,757,162$2,625,387$2,045,168$4,104,568
75$6,283,113$2,692,751$2,052,401$4,370,087
76$6,860,780$2,761,486$2,057,947$4,658,824
77$7,495,378$2,831,597$2,061,686$4,973,062
78$8,192,651$2,903,090$2,063,498$5,315,321
79$8,958,928$2,975,967$2,063,251$5,688,370
80$9,801,180$3,050,231$2,060,811$6,095,265
81$10,727,087$3,125,879$2,056,035$6,539,371
82$11,745,111$3,202,909$2,048,774$7,024,393
83$12,864,576$3,281,314$2,038,871$7,554,418
84$14,095,752$3,361,088$2,026,162$8,133,944
85$15,449,956$3,442,219$2,010,476$8,767,930
86$16,939,657$3,524,693$1,991,633$9,461,839
87$18,578,592$3,608,493$1,969,443$10,221,693
88$20,381,898$3,693,599$1,943,709$11,054,124
89$22,366,253$3,779,986$1,914,223$11,966,443
90$24,550,031$3,867,626$1,880,771$12,966,705
91$26,953,482$3,956,487$1,843,124$14,063,787
92$29,598,913$4,046,532$1,801,045$15,267,471
93$32,510,908$4,137,718$1,754,286$16,588,536
94$35,716,554$4,229,998$1,702,587$18,038,863
95$39,245,695$4,323,321$1,645,677$19,631,543
96$43,131,219$4,417,628$1,583,270$21,381,003
97$47,409,365$4,512,852$1,515,071$23,303,143
98$52,120,062$4,608,924$1,440,768$25,415,486
99$57,307,311$4,705,764$1,360,037$27,737,342
100$63,019,597$4,803,286$1,272,537$30,289,991