Can I retire at age 61 with 1,650,000?

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 $1,650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$136,255$135,042$133,858$132,702$131,573$129,500
2 years$67,453$66,197$64,979$63,799$62,654$60,571
3 years$44,522$43,260$42,046$40,877$39,750$37,722
4 years$33,059$31,801$30,599$29,449$28,350$26,392
5 years$26,183$24,932$23,746$22,620$21,551$19,669
6 years$21,600$20,359$19,190$18,089$17,053$15,249
7 years$18,328$17,098$15,947$14,872$13,869$12,143
8 years$15,875$14,656$13,524$12,476$11,505$9,858
9 years$13,968$12,761$11,649$10,627$9,689$8,120
10 years$12,444$11,248$10,156$9,160$8,256$6,762
11 years$11,197$10,013$8,941$7,972$7,100$5,682
12 years$10,159$8,987$7,935$6,993$6,153$4,807
13 years$9,281$8,122$7,089$6,174$5,365$4,091
14 years$8,530$7,383$6,370$5,480$4,703$3,498
15 years$7,879$6,744$5,751$4,887$4,141$3,002
16 years$7,310$6,188$5,214$4,376$3,660$2,586
17 years$6,809$5,699$4,745$3,932$3,245$2,233
18 years$6,363$5,266$4,331$3,543$2,885$1,933
19 years$5,966$4,880$3,965$3,202$2,572$1,676
20 years$5,608$4,535$3,639$2,900$2,297$1,457
21 years$5,285$4,224$3,347$2,632$2,056$1,267
22 years$4,991$3,943$3,085$2,393$1,843$1,104
23 years$4,724$3,688$2,848$2,179$1,654$963
24 years$4,479$3,455$2,634$1,988$1,487$841
25 years$4,254$3,243$2,440$1,815$1,338$735
26 years$4,047$3,048$2,263$1,660$1,205$642
27 years$3,855$2,868$2,101$1,519$1,086$562
28 years$3,677$2,703$1,953$1,392$980$492
29 years$3,512$2,550$1,818$1,276$885$431
30 years$3,359$2,408$1,693$1,171$800$378
31 years$3,215$2,276$1,578$1,076$723$331
32 years$3,081$2,154$1,473$989$654$290
33 years$2,955$2,040$1,375$909$592$254
34 years$2,837$1,933$1,285$837$536$223
35 years$2,725$1,834$1,201$770$485$196
36 years$2,621$1,740$1,124$709$440$172
37 years$2,522$1,653$1,052$653$399$151
38 years$2,428$1,571$985$602$361$132
39 years$2,340$1,494$923$555$328$116
40 years$2,256$1,421$865$512$297$102
41 years$2,176$1,353$811$473$270$90
42 years$2,101$1,288$761$436$245$79
43 years$2,029$1,228$714$403$222$69
44 years$1,960$1,170$670$372$202$61
45 years$1,895$1,116$629$343$183$53
46 years$1,833$1,064$591$317$166$47
47 years$1,774$1,016$555$293$151$41
48 years$1,717$970$522$271$137$36
49 years$1,663$926$490$250$124$32
50 years$1,611$885$461$231$113$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,650,000, adding $5,563 every year, while hoping to spend $21,995 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: 43/49/8 Blend
60$1,650,000$1,650,000$1,650,000$1,650,000
61$1,824,038$1,736,588$1,711,013$1,898,024
62$1,986,688$1,798,279$1,744,930$2,011,667
63$2,165,190$1,862,255$1,779,245$2,132,025
64$2,361,139$1,928,605$1,813,950$2,261,906
65$2,576,291$1,997,422$1,849,033$2,402,186
66$2,812,579$2,068,802$1,884,482$2,553,832
67$3,072,134$2,142,846$1,920,284$2,717,903
68$3,357,303$2,219,656$1,956,424$2,895,563
69$3,670,671$2,299,342$1,992,888$3,088,093
70$4,015,087$2,382,017$2,029,657$3,296,898
71$4,393,688$2,467,799$2,066,713$3,523,525
72$4,809,933$2,556,809$2,104,036$3,769,673
73$5,267,628$2,649,175$2,141,604$4,037,211
74$5,770,972$2,745,031$2,179,393$4,328,194
75$6,324,588$2,844,513$2,217,379$4,644,881
76$6,933,569$2,947,768$2,255,534$4,989,759
77$7,603,528$3,054,943$2,293,830$5,365,562
78$8,340,649$3,166,197$2,332,234$5,775,297
79$9,151,745$3,281,691$2,370,714$6,222,276
80$10,044,325$3,401,595$2,409,235$6,710,138
81$11,026,659$3,526,086$2,447,757$7,242,893
82$12,107,862$3,655,348$2,486,241$7,824,950
83$13,297,978$3,789,574$2,524,644$8,461,163
84$14,608,071$3,928,963$2,562,919$9,156,875
85$16,050,335$4,073,723$2,601,018$9,917,968
86$17,638,206$4,224,072$2,638,888$10,750,914
87$19,386,488$4,380,236$2,676,476$11,662,842
88$21,311,494$4,542,452$2,713,722$12,661,599
89$23,431,199$4,710,965$2,750,565$13,755,822
90$25,765,412$4,886,032$2,786,939$14,955,026
91$28,335,957$5,067,921$2,822,774$16,269,684
92$31,166,885$5,256,910$2,857,998$17,711,330
93$34,284,700$5,453,291$2,892,533$19,292,667
94$37,718,603$5,657,366$2,926,297$21,027,680
95$41,500,775$5,869,452$2,959,203$22,931,776
96$45,666,678$6,089,879$2,991,160$25,021,919
97$50,255,387$6,318,991$3,022,071$27,316,796
98$55,309,961$6,557,146$3,051,836$29,836,985
99$60,877,851$6,804,720$3,080,346$32,605,157
100$67,011,343$7,062,102$3,107,488$35,646,278