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%17%
1 years$147,817$146,500$145,215$143,961$142,737$138,668
2 years$73,176$71,814$70,493$69,212$67,970$63,902
3 years$48,300$46,931$45,614$44,345$43,123$39,184
4 years$35,864$34,499$33,195$31,948$30,756$26,976
5 years$28,404$27,048$25,761$24,539$23,380$19,769
6 years$23,433$22,087$20,818$19,624$18,500$15,061
7 years$19,883$18,548$17,300$16,134$15,045$11,779
8 years$17,222$15,899$14,672$13,534$12,482$9,386
9 years$15,153$13,843$12,637$11,528$10,511$7,584
10 years$13,500$12,202$11,017$9,938$8,956$6,192
11 years$12,147$10,863$9,699$8,649$7,703$5,098
12 years$11,021$9,750$8,608$7,586$6,675$4,225
13 years$10,069$8,811$7,691$6,697$5,821$3,519
14 years$9,254$8,009$6,910$5,945$5,102$2,944
15 years$8,548$7,316$6,239$5,302$4,492$2,471
16 years$7,930$6,713$5,656$4,747$3,970$2,081
17 years$7,386$6,182$5,147$4,265$3,520$1,756
18 years$6,903$5,713$4,699$3,844$3,130$1,485
19 years$6,472$5,294$4,301$3,473$2,790$1,257
20 years$6,084$4,920$3,948$3,146$2,492$1,066
21 years$5,733$4,583$3,631$2,855$2,230$906
22 years$5,415$4,278$3,347$2,596$1,999$770
23 years$5,125$4,001$3,090$2,364$1,794$655
24 years$4,859$3,748$2,858$2,156$1,613$557
25 years$4,615$3,518$2,647$1,969$1,451$475
26 years$4,390$3,306$2,455$1,801$1,307$405
27 years$4,182$3,111$2,279$1,648$1,179$345
28 years$3,990$2,932$2,119$1,510$1,064$294
29 years$3,810$2,766$1,972$1,385$960$251
30 years$3,644$2,612$1,837$1,271$868$214
31 years$3,488$2,469$1,712$1,167$785$183
32 years$3,342$2,336$1,598$1,073$710$156
33 years$3,206$2,213$1,492$986$642$133
34 years$3,077$2,097$1,394$908$581$114
35 years$2,957$1,989$1,303$835$527$97
36 years$2,843$1,888$1,219$769$477$83
37 years$2,736$1,793$1,141$709$432$71
38 years$2,634$1,704$1,069$653$392$61
39 years$2,538$1,620$1,001$602$356$52
40 years$2,447$1,542$938$556$323$44
41 years$2,361$1,468$880$513$293$38
42 years$2,279$1,398$825$473$265$32
43 years$2,201$1,332$774$437$241$28
44 years$2,127$1,269$727$403$219$24
45 years$2,056$1,210$683$372$199$20
46 years$1,989$1,155$641$344$180$17
47 years$1,924$1,102$602$318$164$15
48 years$1,863$1,052$566$294$149$13
49 years$1,804$1,005$532$271$135$11
50 years$1,748$960$500$251$123$9

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 $6,024 every year, while hoping to spend $20,224 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: 40/34/26 Blend
60$1,790,000$1,790,000$1,790,000$1,790,000
61$1,978,794$1,883,924$1,856,179$2,042,535
62$2,159,113$1,954,718$1,896,843$2,160,031
63$2,357,146$2,028,303$1,938,191$2,284,724
64$2,574,680$2,104,795$1,980,225$2,419,236
65$2,813,681$2,184,313$2,022,946$2,564,476
66$3,076,316$2,266,984$2,066,355$2,721,445
67$3,364,972$2,352,939$2,110,450$2,891,241
68$3,682,280$2,442,314$2,155,231$3,075,072
69$4,031,137$2,535,252$2,200,695$3,274,266
70$4,414,736$2,631,901$2,246,841$3,490,283
71$4,836,592$2,732,418$2,293,664$3,724,727
72$5,300,582$2,836,964$2,341,159$3,979,362
73$5,810,975$2,945,708$2,389,321$4,256,131
74$6,372,474$3,058,827$2,438,143$4,557,167
75$6,990,262$3,176,506$2,487,617$4,884,819
76$7,670,051$3,298,937$2,537,734$5,241,670
77$8,418,132$3,426,320$2,588,483$5,630,563
78$9,241,437$3,558,866$2,639,854$6,054,625
79$10,147,607$3,696,794$2,691,832$6,517,298
80$11,145,057$3,840,331$2,744,403$7,022,371
81$12,243,063$3,989,717$2,797,550$7,574,011
82$13,451,844$4,145,201$2,851,256$8,176,809
83$14,782,659$4,307,044$2,905,501$8,835,815
84$16,247,918$4,475,517$2,960,263$9,556,589
85$17,861,292$4,650,903$3,015,518$10,345,254
86$19,637,847$4,833,501$3,071,241$11,208,550
87$21,594,184$5,023,619$3,127,404$12,153,897
88$23,748,595$5,221,581$3,183,977$13,189,465
89$26,121,239$5,427,725$3,240,926$14,324,253
90$28,734,325$5,642,404$3,298,218$15,568,168
91$31,612,332$5,865,987$3,355,813$16,932,119
92$34,782,228$6,098,859$3,413,672$18,428,123
93$38,273,736$6,341,423$3,471,750$20,069,413
94$42,119,605$6,594,101$3,530,001$21,870,562
95$46,355,923$6,857,330$3,588,375$23,847,621
96$51,022,460$7,131,572$3,646,818$26,018,271
97$56,163,038$7,417,306$3,705,274$28,401,983
98$61,825,948$7,715,034$3,763,680$31,020,209
99$68,064,404$8,025,280$3,821,973$33,896,574
100$74,937,048$8,348,593$3,880,084$37,057,104