Can I retire at age 61 with 1,790,000?

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 $1,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$147,817$146,500$145,215$143,961$142,737$140,837
2 years$73,176$71,814$70,493$69,212$67,970$66,059
3 years$48,300$46,931$45,614$44,345$43,123$41,260
4 years$35,864$34,499$33,195$31,948$30,756$28,955
5 years$28,404$27,048$25,761$24,539$23,380$21,647
6 years$23,433$22,087$20,818$19,624$18,500$16,837
7 years$19,883$18,548$17,300$16,134$15,045$13,453
8 years$17,222$15,899$14,672$13,534$12,482$10,959
9 years$15,153$13,843$12,637$11,528$10,511$9,059
10 years$13,500$12,202$11,017$9,938$8,956$7,572
11 years$12,147$10,863$9,699$8,649$7,703$6,386
12 years$11,021$9,750$8,608$7,586$6,675$5,424
13 years$10,069$8,811$7,691$6,697$5,821$4,634
14 years$9,254$8,009$6,910$5,945$5,102$3,978
15 years$8,548$7,316$6,239$5,302$4,492$3,428
16 years$7,930$6,713$5,656$4,747$3,970$2,965
17 years$7,386$6,182$5,147$4,265$3,520$2,571
18 years$6,903$5,713$4,699$3,844$3,130$2,235
19 years$6,472$5,294$4,301$3,473$2,790$1,947
20 years$6,084$4,920$3,948$3,146$2,492$1,700
21 years$5,733$4,583$3,631$2,855$2,230$1,486
22 years$5,415$4,278$3,347$2,596$1,999$1,300
23 years$5,125$4,001$3,090$2,364$1,794$1,139
24 years$4,859$3,748$2,858$2,156$1,613$999
25 years$4,615$3,518$2,647$1,969$1,451$877
26 years$4,390$3,306$2,455$1,801$1,307$771
27 years$4,182$3,111$2,279$1,648$1,179$678
28 years$3,990$2,932$2,119$1,510$1,064$596
29 years$3,810$2,766$1,972$1,385$960$525
30 years$3,644$2,612$1,837$1,271$868$462
31 years$3,488$2,469$1,712$1,167$785$407
32 years$3,342$2,336$1,598$1,073$710$359
33 years$3,206$2,213$1,492$986$642$316
34 years$3,077$2,097$1,394$908$581$279
35 years$2,957$1,989$1,303$835$527$246
36 years$2,843$1,888$1,219$769$477$217
37 years$2,736$1,793$1,141$709$432$191
38 years$2,634$1,704$1,069$653$392$169
39 years$2,538$1,620$1,001$602$356$149
40 years$2,447$1,542$938$556$323$131
41 years$2,361$1,468$880$513$293$116
42 years$2,279$1,398$825$473$265$102
43 years$2,201$1,332$774$437$241$90
44 years$2,127$1,269$727$403$219$80
45 years$2,056$1,210$683$372$199$70
46 years$1,989$1,155$641$344$180$62
47 years$1,924$1,102$602$318$164$55
48 years$1,863$1,052$566$294$149$49
49 years$1,804$1,005$532$271$135$43
50 years$1,748$960$500$251$123$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,790,000, adding $2,190 every year, while hoping to spend $36,872 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: 48/41/11 Blend
60$1,790,000$1,790,000$1,790,000$1,790,000
61$1,974,839$1,879,969$1,852,224$2,063,572
62$2,137,041$1,932,856$1,875,042$2,177,729
63$2,314,552$1,987,099$1,897,389$2,297,585
64$2,508,894$2,042,724$1,919,209$2,426,881
65$2,721,744$2,099,761$1,940,446$2,566,511
66$2,954,949$2,158,236$1,961,037$2,717,457
67$3,210,542$2,218,177$1,980,920$2,880,797
68$3,490,762$2,279,613$2,000,025$3,057,722
69$3,798,076$2,342,570$2,018,282$3,249,540
70$4,135,200$2,407,077$2,035,616$3,457,691
71$4,505,127$2,473,160$2,051,946$3,683,761
72$4,911,154$2,540,848$2,067,189$3,929,497
73$5,356,909$2,610,168$2,081,258$4,196,819
74$5,846,394$2,681,146$2,094,060$4,487,846
75$6,384,013$2,753,809$2,105,498$4,804,907
76$6,974,620$2,828,183$2,115,469$5,150,570
77$7,623,561$2,904,294$2,123,867$5,527,662
78$8,336,726$2,982,166$2,130,579$5,939,296
79$9,120,604$3,061,824$2,135,485$6,388,902
80$9,982,344$3,143,292$2,138,462$6,880,257
81$10,929,822$3,226,592$2,139,380$7,417,523
82$11,971,714$3,311,746$2,138,100$8,005,283
83$13,117,582$3,398,775$2,134,479$8,648,587
84$14,377,958$3,487,697$2,128,367$9,352,997
85$15,764,448$3,578,532$2,119,605$10,124,644
86$17,289,837$3,671,296$2,108,028$10,970,278
87$18,968,215$3,766,004$2,093,461$11,897,339
88$20,815,104$3,862,669$2,075,723$12,914,023
89$22,847,608$3,961,303$2,054,623$14,029,360
90$25,084,572$4,061,916$2,029,961$15,253,301
91$27,546,762$4,164,513$2,001,528$16,596,808
92$30,257,057$4,269,099$1,969,104$18,071,963
93$33,240,669$4,375,677$1,932,461$19,692,074
94$36,525,377$4,484,245$1,891,359$21,471,810
95$40,141,791$4,594,799$1,845,545$23,427,330
96$44,123,641$4,707,331$1,794,758$25,576,445
97$48,508,091$4,821,830$1,738,722$27,938,776
98$53,336,097$4,938,280$1,677,149$30,535,948
99$58,652,785$5,056,662$1,609,740$33,391,790
100$64,507,882$5,176,951$1,536,179$36,532,558