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%16.8%
1 years$147,817$146,500$145,215$143,961$142,737$138,780
2 years$73,176$71,814$70,493$69,212$67,970$64,013
3 years$48,300$46,931$45,614$44,345$43,123$39,290
4 years$35,864$34,499$33,195$31,948$30,756$27,076
5 years$28,404$27,048$25,761$24,539$23,380$19,863
6 years$23,433$22,087$20,818$19,624$18,500$15,150
7 years$19,883$18,548$17,300$16,134$15,045$11,862
8 years$17,222$15,899$14,672$13,534$12,482$9,463
9 years$15,153$13,843$12,637$11,528$10,511$7,655
10 years$13,500$12,202$11,017$9,938$8,956$6,259
11 years$12,147$10,863$9,699$8,649$7,703$5,159
12 years$11,021$9,750$8,608$7,586$6,675$4,281
13 years$10,069$8,811$7,691$6,697$5,821$3,571
14 years$9,254$8,009$6,910$5,945$5,102$2,991
15 years$8,548$7,316$6,239$5,302$4,492$2,515
16 years$7,930$6,713$5,656$4,747$3,970$2,120
17 years$7,386$6,182$5,147$4,265$3,520$1,792
18 years$6,903$5,713$4,699$3,844$3,130$1,517
19 years$6,472$5,294$4,301$3,473$2,790$1,287
20 years$6,084$4,920$3,948$3,146$2,492$1,093
21 years$5,733$4,583$3,631$2,855$2,230$930
22 years$5,415$4,278$3,347$2,596$1,999$791
23 years$5,125$4,001$3,090$2,364$1,794$674
24 years$4,859$3,748$2,858$2,156$1,613$575
25 years$4,615$3,518$2,647$1,969$1,451$490
26 years$4,390$3,306$2,455$1,801$1,307$419
27 years$4,182$3,111$2,279$1,648$1,179$358
28 years$3,990$2,932$2,119$1,510$1,064$305
29 years$3,810$2,766$1,972$1,385$960$261
30 years$3,644$2,612$1,837$1,271$868$223
31 years$3,488$2,469$1,712$1,167$785$191
32 years$3,342$2,336$1,598$1,073$710$163
33 years$3,206$2,213$1,492$986$642$140
34 years$3,077$2,097$1,394$908$581$119
35 years$2,957$1,989$1,303$835$527$102
36 years$2,843$1,888$1,219$769$477$87
37 years$2,736$1,793$1,141$709$432$75
38 years$2,634$1,704$1,069$653$392$64
39 years$2,538$1,620$1,001$602$356$55
40 years$2,447$1,542$938$556$323$47
41 years$2,361$1,468$880$513$293$40
42 years$2,279$1,398$825$473$265$34
43 years$2,201$1,332$774$437$241$29
44 years$2,127$1,269$727$403$219$25
45 years$2,056$1,210$683$372$199$22
46 years$1,989$1,155$641$344$180$18
47 years$1,924$1,102$602$318$164$16
48 years$1,863$1,052$566$294$149$14
49 years$1,804$1,005$532$271$135$12
50 years$1,748$960$500$251$123$10

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 $6,395 every year, while hoping to spend $24,222 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: 40/46/14 Blend
60$1,790,000$1,790,000$1,790,000$1,790,000
61$1,979,176$1,884,306$1,856,561$2,049,851
62$2,155,280$1,950,865$1,892,984$2,167,067
63$2,348,535$2,019,874$1,929,815$2,290,938
64$2,560,665$2,091,427$1,967,043$2,424,415
65$2,793,567$2,165,622$2,004,654$2,568,381
66$3,049,335$2,242,561$2,042,634$2,723,806
67$3,330,272$2,322,351$2,080,967$2,891,754
68$3,638,917$2,405,104$2,119,636$3,073,395
69$3,978,066$2,490,933$2,158,623$3,270,016
70$4,350,799$2,579,959$2,197,908$3,483,028
71$4,760,511$2,672,307$2,237,468$3,713,985
72$5,210,940$2,768,107$2,277,280$3,964,595
73$5,706,205$2,867,494$2,317,318$4,236,735
74$6,250,846$2,970,609$2,357,557$4,532,469
75$6,849,862$3,077,599$2,397,965$4,854,070
76$7,508,764$3,188,617$2,438,512$5,204,033
77$8,233,619$3,303,821$2,479,164$5,585,107
78$9,031,118$3,423,377$2,519,885$6,000,315
79$9,908,628$3,547,459$2,560,637$6,452,983
80$10,874,268$3,676,244$2,601,379$6,946,770
81$11,936,985$3,809,922$2,642,067$7,485,704
82$13,106,636$3,948,686$2,682,654$8,074,217
83$14,394,081$4,092,741$2,723,092$8,717,189
84$15,811,289$4,242,297$2,763,327$9,419,988
85$17,371,446$4,397,575$2,803,304$10,188,527
86$19,089,082$4,558,804$2,842,963$11,029,312
87$20,980,208$4,726,226$2,882,242$11,949,507
88$23,062,467$4,900,088$2,921,074$12,957,001
89$25,355,297$5,080,651$2,959,389$14,060,477
90$27,880,121$5,268,186$2,997,112$15,269,498
91$30,660,541$5,462,976$3,034,164$16,594,594
92$33,722,570$5,665,315$3,070,461$18,047,360
93$37,094,866$5,875,510$3,105,916$19,640,566
94$40,809,014$6,093,881$3,140,436$21,388,274
95$44,899,815$6,320,762$3,173,921$23,305,973
96$49,405,618$6,556,502$3,206,270$25,410,719
97$54,368,683$6,801,462$3,237,372$27,721,299
98$59,835,576$7,056,022$3,267,112$30,258,408
99$65,857,614$7,320,575$3,295,368$33,044,837
100$72,491,341$7,595,534$3,322,014$36,105,692