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%18.8%
1 years$147,817$146,500$145,215$143,961$142,737$137,673
2 years$73,176$71,814$70,493$69,212$67,970$62,922
3 years$48,300$46,931$45,614$44,345$43,123$38,249
4 years$35,864$34,499$33,195$31,948$30,756$26,094
5 years$28,404$27,048$25,761$24,539$23,380$18,943
6 years$23,433$22,087$20,818$19,624$18,500$14,290
7 years$19,883$18,548$17,300$16,134$15,045$11,062
8 years$17,222$15,899$14,672$13,534$12,482$8,722
9 years$15,153$13,843$12,637$11,528$10,511$6,970
10 years$13,500$12,202$11,017$9,938$8,956$5,627
11 years$12,147$10,863$9,699$8,649$7,703$4,579
12 years$11,021$9,750$8,608$7,586$6,675$3,749
13 years$10,069$8,811$7,691$6,697$5,821$3,085
14 years$9,254$8,009$6,910$5,945$5,102$2,549
15 years$8,548$7,316$6,239$5,302$4,492$2,113
16 years$7,930$6,713$5,656$4,747$3,970$1,756
17 years$7,386$6,182$5,147$4,265$3,520$1,462
18 years$6,903$5,713$4,699$3,844$3,130$1,220
19 years$6,472$5,294$4,301$3,473$2,790$1,019
20 years$6,084$4,920$3,948$3,146$2,492$853
21 years$5,733$4,583$3,631$2,855$2,230$714
22 years$5,415$4,278$3,347$2,596$1,999$598
23 years$5,125$4,001$3,090$2,364$1,794$502
24 years$4,859$3,748$2,858$2,156$1,613$421
25 years$4,615$3,518$2,647$1,969$1,451$354
26 years$4,390$3,306$2,455$1,801$1,307$297
27 years$4,182$3,111$2,279$1,648$1,179$250
28 years$3,990$2,932$2,119$1,510$1,064$210
29 years$3,810$2,766$1,972$1,385$960$176
30 years$3,644$2,612$1,837$1,271$868$148
31 years$3,488$2,469$1,712$1,167$785$125
32 years$3,342$2,336$1,598$1,073$710$105
33 years$3,206$2,213$1,492$986$642$88
34 years$3,077$2,097$1,394$908$581$74
35 years$2,957$1,989$1,303$835$527$62
36 years$2,843$1,888$1,219$769$477$53
37 years$2,736$1,793$1,141$709$432$44
38 years$2,634$1,704$1,069$653$392$37
39 years$2,538$1,620$1,001$602$356$31
40 years$2,447$1,542$938$556$323$26
41 years$2,361$1,468$880$513$293$22
42 years$2,279$1,398$825$473$265$19
43 years$2,201$1,332$774$437$241$16
44 years$2,127$1,269$727$403$219$13
45 years$2,056$1,210$683$372$199$11
46 years$1,989$1,155$641$344$180$9
47 years$1,924$1,102$602$318$164$8
48 years$1,863$1,052$566$294$149$7
49 years$1,804$1,005$532$271$135$6
50 years$1,748$960$500$251$123$5

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 $5,591 every year, while hoping to spend $38,901 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: 65/18/17 Blend
60$1,790,000$1,790,000$1,790,000$1,790,000
61$1,978,347$1,883,477$1,855,732$2,098,305
62$2,138,748$1,934,377$1,876,509$2,230,273
63$2,314,206$1,986,467$1,896,678$2,369,438
64$2,506,216$2,039,765$1,916,177$2,520,573
65$2,716,424$2,094,288$1,934,943$2,684,849
66$2,946,642$2,150,050$1,952,906$2,863,555
67$3,198,867$2,207,070$1,969,996$3,058,111
68$3,475,295$2,265,361$1,986,135$3,270,082
69$3,778,349$2,324,937$2,001,244$3,501,191
70$4,110,695$2,385,813$2,015,240$3,753,334
71$4,475,269$2,448,001$2,028,033$4,028,604
72$4,875,305$2,511,512$2,039,532$4,329,302
73$5,314,368$2,576,358$2,049,638$4,657,966
74$5,796,381$2,642,547$2,058,248$5,017,391
75$6,325,668$2,710,088$2,065,256$5,410,656
76$6,906,991$2,778,987$2,070,546$5,841,154
77$7,545,596$2,849,249$2,074,002$6,312,624
78$8,247,263$2,920,878$2,075,497$6,829,183
79$9,018,358$2,993,876$2,074,900$7,395,371
80$9,865,897$3,068,241$2,072,075$8,016,186
81$10,797,605$3,143,972$2,066,877$8,697,139
82$11,821,997$3,221,064$2,059,154$9,444,301
83$12,948,453$3,299,508$2,048,748$10,264,361
84$14,187,307$3,379,295$2,035,492$11,164,690
85$15,549,945$3,460,413$2,019,213$12,153,413
86$17,048,910$3,542,845$1,999,728$13,239,478
87$18,698,026$3,626,571$1,976,846$14,432,750
88$20,512,521$3,711,569$1,950,366$15,744,098
89$22,509,173$3,797,811$1,920,079$17,185,500
90$24,706,473$3,885,267$1,885,765$18,770,153
91$27,124,789$3,973,902$1,847,195$20,512,604
92$29,786,569$4,063,675$1,804,127$22,428,880
93$32,716,545$4,154,540$1,756,311$24,536,645
94$35,941,968$4,246,448$1,703,483$26,855,364
95$39,492,867$4,339,343$1,645,368$29,406,487
96$43,402,330$4,433,160$1,581,678$32,213,653
97$47,706,815$4,527,833$1,512,112$35,302,911
98$52,446,497$4,623,284$1,436,354$38,702,970
99$57,665,644$4,719,429$1,354,077$42,445,466
100$63,413,038$4,816,179$1,264,937$46,565,263