Can I retire at age 61 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$133,778$132,586$131,424$130,289$129,181$127,779
2 years$66,227$64,993$63,798$62,639$61,515$60,103
3 years$43,713$42,474$41,282$40,133$39,028$37,650
4 years$32,458$31,223$30,042$28,914$27,835$26,502
5 years$25,707$24,479$23,314$22,209$21,160$19,875
6 years$21,207$19,989$18,841$17,760$16,743$15,509
7 years$17,995$16,787$15,657$14,602$13,616$12,433
8 years$15,586$14,389$13,279$12,249$11,296$10,164
9 years$13,714$12,528$11,437$10,434$9,513$8,431
10 years$12,217$11,043$9,971$8,994$8,106$7,073
11 years$10,994$9,831$8,778$7,827$6,971$5,987
12 years$9,974$8,824$7,790$6,866$6,041$5,105
13 years$9,113$7,974$6,960$6,061$5,268$4,378
14 years$8,375$7,248$6,254$5,381$4,618$3,773
15 years$7,736$6,622$5,646$4,798$4,066$3,266
16 years$7,177$6,075$5,119$4,297$3,593$2,836
17 years$6,685$5,595$4,658$3,860$3,186$2,470
18 years$6,248$5,170$4,252$3,479$2,833$2,156
19 years$5,857$4,791$3,893$3,144$2,525$1,887
20 years$5,506$4,452$3,573$2,847$2,255$1,654
21 years$5,189$4,147$3,286$2,584$2,018$1,452
22 years$4,900$3,871$3,029$2,349$1,809$1,277
23 years$4,638$3,621$2,797$2,140$1,624$1,124
24 years$4,397$3,392$2,586$1,951$1,460$990
25 years$4,177$3,184$2,395$1,782$1,314$874
26 years$3,973$2,992$2,222$1,630$1,183$771
27 years$3,785$2,816$2,063$1,492$1,067$681
28 years$3,611$2,653$1,918$1,367$963$602
29 years$3,449$2,503$1,785$1,253$869$533
30 years$3,298$2,364$1,662$1,150$785$471
31 years$3,157$2,235$1,550$1,056$710$417
32 years$3,025$2,115$1,446$971$642$369
33 years$2,901$2,003$1,350$893$581$327
34 years$2,785$1,898$1,261$821$526$290
35 years$2,676$1,800$1,179$756$477$257
36 years$2,573$1,709$1,103$696$432$228
37 years$2,476$1,623$1,033$642$391$202
38 years$2,384$1,542$967$591$355$179
39 years$2,297$1,467$906$545$322$159
40 years$2,215$1,395$849$503$292$141
41 years$2,137$1,328$796$464$265$125
42 years$2,062$1,265$747$428$240$111
43 years$1,992$1,205$701$395$218$98
44 years$1,925$1,149$658$365$198$87
45 years$1,861$1,095$618$337$180$78
46 years$1,800$1,045$580$311$163$69
47 years$1,742$997$545$288$148$61
48 years$1,686$952$512$266$135$54
49 years$1,633$909$481$246$122$48
50 years$1,582$868$453$227$111$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,620,000, adding $3,749 every year, while hoping to spend $46,630 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: 36/40/24 Blend
60$1,620,000$1,620,000$1,620,000$1,620,000
61$1,789,107$1,703,247$1,678,137$1,840,453
62$1,921,982$1,737,092$1,684,741$1,912,449
63$2,066,847$1,771,033$1,690,003$1,985,567
64$2,224,877$1,805,025$1,693,829$2,063,576
65$2,397,363$1,839,019$1,696,121$2,146,944
66$2,585,727$1,872,964$1,696,774$2,236,188
67$2,791,535$1,906,803$1,695,679$2,331,877
68$3,016,510$1,940,475$1,692,723$2,434,643
69$3,262,550$1,973,915$1,687,786$2,545,180
70$3,531,745$2,007,051$1,680,741$2,664,256
71$3,826,395$2,039,809$1,671,458$2,792,721
72$4,149,033$2,072,105$1,659,797$2,931,510
73$4,502,448$2,103,852$1,645,615$3,081,657
74$4,889,714$2,134,957$1,628,759$3,244,306
75$5,314,214$2,165,319$1,609,071$3,420,716
76$5,779,674$2,194,829$1,586,385$3,612,279
77$6,290,197$2,223,373$1,560,526$3,820,532
78$6,850,306$2,250,827$1,531,312$4,047,172
79$7,464,979$2,277,059$1,498,553$4,294,072
80$8,139,701$2,301,929$1,462,048$4,563,298
81$8,880,513$2,325,286$1,421,590$4,857,134
82$9,694,070$2,346,971$1,376,958$5,178,099
83$10,587,705$2,366,811$1,327,925$5,528,971
84$11,569,492$2,384,627$1,274,253$5,912,822
85$12,648,330$2,400,223$1,215,690$6,333,036
86$13,834,020$2,413,395$1,151,976$6,793,351
87$15,137,361$2,423,921$1,082,838$7,297,892
88$16,570,249$2,431,570$1,007,990$7,851,210
89$18,145,791$2,436,094$927,134$8,458,327
90$19,878,428$2,437,229$839,959$9,124,784
91$21,784,069$2,434,695$746,139$9,856,695
92$23,880,244$2,428,194$645,335$10,660,806
93$26,186,266$2,417,413$537,191$11,544,558
94$28,723,415$2,402,016$421,336$12,516,162
95$31,515,136$2,381,648$297,384$13,584,674
96$34,587,265$2,355,934$164,931$14,760,085
97$37,968,264$2,324,473$23,555$16,053,415
98$41,689,498$2,286,843$0$17,476,822
99$45,785,524$2,242,595$0$19,076,317
100$50,294,422$2,191,257$0$20,842,640