Can I retire at age 61 with 1,780,000?

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 $1,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$146,991$145,681$144,404$143,157$141,940$136,416
2 years$72,768$71,412$70,099$68,826$67,590$62,092
3 years$48,030$46,669$45,359$44,097$42,882$37,582
4 years$35,663$34,307$33,010$31,770$30,584$25,523
5 years$28,246$26,897$25,617$24,402$23,249$18,440
6 years$23,302$21,963$20,702$19,515$18,396$13,842
7 years$19,772$18,445$17,204$16,044$14,961$10,660
8 years$17,126$15,810$14,590$13,459$12,412$8,360
9 years$15,069$13,766$12,566$11,464$10,453$6,644
10 years$13,424$12,134$10,956$9,882$8,906$5,334
11 years$12,079$10,802$9,645$8,600$7,660$4,315
12 years$10,960$9,695$8,560$7,544$6,638$3,512
13 years$10,013$8,762$7,648$6,660$5,788$2,872
14 years$9,202$7,964$6,871$5,912$5,074$2,358
15 years$8,500$7,275$6,204$5,272$4,467$1,942
16 years$7,886$6,675$5,625$4,721$3,948$1,603
17 years$7,345$6,148$5,118$4,242$3,501$1,326
18 years$6,865$5,681$4,672$3,823$3,113$1,099
19 years$6,436$5,265$4,277$3,454$2,774$912
20 years$6,050$4,892$3,926$3,128$2,478$758
21 years$5,701$4,557$3,611$2,839$2,218$630
22 years$5,384$4,254$3,328$2,581$1,988$524
23 years$5,096$3,978$3,073$2,351$1,784$437
24 years$4,832$3,728$2,842$2,144$1,604$364
25 years$4,589$3,498$2,632$1,958$1,443$303
26 years$4,366$3,288$2,441$1,790$1,300$253
27 years$4,159$3,094$2,267$1,639$1,172$211
28 years$3,967$2,916$2,107$1,502$1,058$176
29 years$3,789$2,750$1,961$1,377$955$147
30 years$3,623$2,598$1,827$1,264$863$123
31 years$3,468$2,456$1,703$1,161$780$102
32 years$3,324$2,323$1,589$1,067$706$85
33 years$3,188$2,200$1,483$981$639$71
34 years$3,060$2,085$1,386$902$578$60
35 years$2,940$1,978$1,296$831$524$50
36 years$2,827$1,877$1,212$765$475$42
37 years$2,720$1,783$1,135$705$430$35
38 years$2,619$1,695$1,063$650$390$29
39 years$2,524$1,611$995$599$354$24
40 years$2,434$1,533$933$553$321$20
41 years$2,348$1,459$875$510$291$17
42 years$2,266$1,390$821$471$264$14
43 years$2,189$1,324$770$434$240$12
44 years$2,115$1,262$723$401$217$10
45 years$2,045$1,204$679$370$197$8
46 years$1,978$1,148$638$342$179$7
47 years$1,914$1,096$599$316$163$6
48 years$1,852$1,046$563$292$148$5
49 years$1,794$999$529$270$134$4
50 years$1,738$954$497$250$122$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,780,000, adding $2,109 every year, while hoping to spend $59,104 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: 66/18/16 Blend
60$1,780,000$1,780,000$1,780,000$1,780,000
61$1,963,735$1,869,395$1,841,805$2,085,627
62$2,101,150$1,898,110$1,840,620$2,196,100
63$2,250,600$1,926,250$1,837,413$2,309,743
64$2,413,251$1,953,726$1,832,056$2,432,510
65$2,590,385$1,980,440$1,824,412$2,565,295
66$2,783,412$2,006,290$1,814,338$2,709,080
67$2,993,885$2,031,163$1,801,683$2,864,948
68$3,223,514$2,054,942$1,786,292$3,034,095
69$3,474,178$2,077,500$1,767,999$3,217,837
70$3,747,949$2,098,703$1,746,631$3,417,627
71$4,047,106$2,118,405$1,722,009$3,635,065
72$4,374,158$2,136,454$1,693,944$3,871,917
73$4,731,868$2,152,687$1,662,237$4,130,129
74$5,123,278$2,166,928$1,626,682$4,411,846
75$5,551,739$2,178,993$1,587,062$4,719,435
76$6,020,937$2,188,685$1,543,149$5,055,503
77$6,534,936$2,195,794$1,494,708$5,422,925
78$7,098,208$2,200,097$1,441,490$5,824,874
79$7,715,681$2,201,356$1,383,235$6,264,844
80$8,392,779$2,199,322$1,319,672$6,746,690
81$9,135,480$2,193,726$1,250,518$7,274,661
82$9,950,365$2,184,285$1,175,477$7,853,443
83$10,844,685$2,170,697$1,094,238$8,488,201
84$11,826,426$2,152,645$1,006,479$9,184,630
85$12,904,386$2,129,789$911,860$9,949,009
86$14,088,255$2,101,770$810,029$10,788,261
87$15,388,708$2,068,209$700,617$11,710,017
88$16,817,507$2,028,701$583,238$12,722,692
89$18,387,606$1,982,821$457,490$13,835,562
90$20,113,279$1,930,117$322,953$15,058,852
91$22,010,251$1,870,109$179,188$16,403,839
92$24,095,843$1,802,292$25,738$17,882,949
93$26,389,144$1,726,128$0$19,509,885
94$28,911,180$1,641,052$0$21,323,315
95$31,685,119$1,546,463$0$23,322,548
96$34,736,488$1,441,726$0$25,521,631
97$38,093,410$1,326,171$0$27,940,892
98$41,786,873$1,199,089$0$30,602,734
99$45,851,020$1,059,729$0$33,531,848
100$50,323,468$907,301$0$36,755,444