Can I retire at age 61 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$132,952$131,768$130,613$129,485$128,384$125,792
2 years$65,818$64,592$63,404$62,252$61,135$58,535
3 years$43,443$42,212$41,027$39,886$38,787$36,260
4 years$32,257$31,030$29,857$28,735$27,663$25,228
5 years$25,548$24,328$23,170$22,072$21,029$18,694
6 years$21,076$19,866$18,725$17,651$16,639$14,406
7 years$17,884$16,683$15,561$14,512$13,532$11,402
8 years$15,490$14,300$13,197$12,173$11,226$9,198
9 years$13,630$12,451$11,366$10,369$9,454$7,526
10 years$12,142$10,975$9,909$8,938$8,055$6,226
11 years$10,926$9,770$8,724$7,779$6,928$5,195
12 years$9,913$8,769$7,742$6,823$6,004$4,364
13 years$9,056$7,925$6,917$6,024$5,235$3,687
14 years$8,323$7,204$6,215$5,347$4,589$3,129
15 years$7,688$6,581$5,611$4,769$4,041$2,666
16 years$7,133$6,038$5,088$4,270$3,571$2,278
17 years$6,644$5,560$4,630$3,837$3,166$1,952
18 years$6,209$5,138$4,226$3,458$2,815$1,676
19 years$5,821$4,762$3,869$3,124$2,509$1,442
20 years$5,472$4,425$3,551$2,830$2,242$1,243
21 years$5,157$4,122$3,266$2,568$2,006$1,072
22 years$4,870$3,847$3,010$2,335$1,798$926
23 years$4,609$3,598$2,779$2,126$1,614$801
24 years$4,370$3,372$2,570$1,939$1,451$693
25 years$4,151$3,164$2,381$1,771$1,305$601
26 years$3,949$2,974$2,208$1,619$1,176$520
27 years$3,762$2,799$2,050$1,482$1,060$451
28 years$3,588$2,637$1,906$1,358$957$392
29 years$3,427$2,488$1,774$1,245$864$340
30 years$3,277$2,349$1,652$1,143$780$295
31 years$3,137$2,221$1,540$1,050$706$256
32 years$3,006$2,102$1,437$965$638$223
33 years$2,883$1,990$1,342$887$578$194
34 years$2,768$1,886$1,254$816$523$168
35 years$2,659$1,789$1,172$751$474$146
36 years$2,557$1,698$1,096$692$429$127
37 years$2,461$1,613$1,026$638$389$111
38 years$2,369$1,533$961$588$353$96
39 years$2,283$1,457$900$542$320$84
40 years$2,201$1,387$844$500$290$73
41 years$2,123$1,320$791$461$263$63
42 years$2,050$1,257$742$426$239$55
43 years$1,980$1,198$697$393$217$48
44 years$1,913$1,142$654$363$197$42
45 years$1,849$1,089$614$335$179$36
46 years$1,789$1,039$577$309$162$32
47 years$1,731$991$542$286$147$27
48 years$1,675$946$509$264$134$24
49 years$1,623$904$479$244$121$21
50 years$1,572$863$450$226$110$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,610,000, adding $6,603 every year, while hoping to spend $54,665 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: 44/30/26 Blend
60$1,610,000$1,610,000$1,610,000$1,610,000
61$1,781,031$1,695,701$1,670,746$1,845,704
62$1,904,533$1,720,627$1,668,553$1,917,280
63$2,038,800$1,744,943$1,664,454$1,989,059
64$2,184,873$1,768,560$1,658,328$2,065,802
65$2,343,895$1,791,385$1,650,048$2,148,000
66$2,517,127$1,813,317$1,639,479$2,236,196
67$2,705,955$1,834,250$1,626,482$2,330,992
68$2,911,903$1,854,070$1,610,910$2,433,051
69$3,136,652$1,872,653$1,592,610$2,543,109
70$3,382,048$1,889,871$1,571,420$2,661,977
71$3,650,127$1,905,585$1,547,173$2,790,553
72$3,943,127$1,919,646$1,519,691$2,929,829
73$4,263,516$1,931,898$1,488,790$3,080,901
74$4,614,007$1,942,174$1,454,277$3,244,983
75$4,997,590$1,950,294$1,415,949$3,423,413
76$5,417,556$1,956,071$1,373,596$3,617,671
77$5,877,531$1,959,303$1,326,995$3,829,391
78$6,381,505$1,959,775$1,275,916$4,060,381
79$6,933,876$1,957,261$1,220,117$4,312,635
80$7,539,484$1,951,520$1,159,344$4,588,357
81$8,203,663$1,942,296$1,093,333$4,889,982
82$8,932,285$1,929,317$1,021,808$5,220,198
83$9,731,820$1,912,295$944,480$5,581,974
84$10,609,393$1,890,925$861,048$5,978,587
85$11,572,854$1,864,883$771,196$6,413,658
86$12,630,850$1,833,827$674,595$6,891,183
87$13,792,903$1,797,391$570,901$7,415,573
88$15,069,509$1,755,192$459,755$7,991,699
89$16,472,224$1,706,822$340,783$8,624,937
90$18,013,783$1,651,849$213,592$9,321,220
91$19,708,216$1,589,816$77,773$10,087,097
92$21,570,977$1,520,240$0$10,929,796
93$23,619,093$1,442,609$0$11,875,927
94$25,871,326$1,356,383$0$12,939,894
95$28,348,344$1,260,988$0$14,109,939
96$31,072,920$1,155,821$0$15,396,913
97$34,070,142$1,040,241$0$16,812,779
98$37,367,657$913,573$0$18,370,728
99$40,995,923$775,102$0$20,085,304
100$44,988,499$624,075$0$21,972,539