Can I retire at age 61 with 1,090,000?

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 $1,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$90,011$89,209$88,427$87,664$86,918$84,886
2 years$44,560$43,730$42,926$42,146$41,390$39,354
3 years$29,412$28,578$27,776$27,003$26,259$24,283
4 years$21,839$21,008$20,214$19,454$18,728$16,828
5 years$17,296$16,470$15,687$14,943$14,237$12,417
6 years$14,269$13,449$12,677$11,950$11,265$9,527
7 years$12,108$11,295$10,535$9,825$9,162$7,506
8 years$10,487$9,682$8,934$8,242$7,600$6,027
9 years$9,228$8,430$7,695$7,020$6,401$4,908
10 years$8,220$7,430$6,709$6,051$5,454$4,040
11 years$7,397$6,615$5,906$5,267$4,690$3,354
12 years$6,711$5,937$5,242$4,619$4,065$2,803
13 years$6,131$5,365$4,683$4,078$3,544$2,356
14 years$5,635$4,877$4,208$3,620$3,107$1,988
15 years$5,205$4,455$3,799$3,229$2,736$1,684
16 years$4,829$4,088$3,444$2,891$2,418$1,431
17 years$4,498$3,765$3,134$2,597$2,144$1,219
18 years$4,204$3,479$2,861$2,341$1,906$1,041
19 years$3,941$3,224$2,619$2,115$1,699$890
20 years$3,705$2,996$2,404$1,916$1,518$762
21 years$3,491$2,790$2,211$1,739$1,358$654
22 years$3,297$2,605$2,038$1,581$1,217$561
23 years$3,121$2,436$1,882$1,440$1,093$483
24 years$2,959$2,283$1,740$1,313$982$415
25 years$2,810$2,142$1,612$1,199$884$357
26 years$2,673$2,013$1,495$1,096$796$308
27 years$2,547$1,895$1,388$1,004$718$265
28 years$2,429$1,785$1,290$919$648$228
29 years$2,320$1,684$1,201$843$585$197
30 years$2,219$1,591$1,119$774$528$170
31 years$2,124$1,504$1,043$711$478$147
32 years$2,035$1,423$973$653$432$127
33 years$1,952$1,347$908$601$391$109
34 years$1,874$1,277$849$553$354$94
35 years$1,800$1,211$794$509$321$81
36 years$1,731$1,150$742$469$291$70
37 years$1,666$1,092$695$432$263$61
38 years$1,604$1,038$651$398$239$52
39 years$1,546$987$610$367$217$45
40 years$1,490$939$571$338$196$39
41 years$1,438$894$536$312$178$34
42 years$1,388$851$503$288$162$29
43 years$1,340$811$472$266$147$25
44 years$1,295$773$443$246$133$22
45 years$1,252$737$416$227$121$19
46 years$1,211$703$390$210$110$16
47 years$1,172$671$367$194$100$14
48 years$1,134$641$345$179$91$12
49 years$1,098$612$324$165$82$11
50 years$1,064$584$305$153$75$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,090,000, adding $5,090 every year, while hoping to spend $58,897 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: 25/45/30 Blend
60$1,090,000$1,090,000$1,090,000$1,090,000
61$1,206,430$1,148,660$1,131,765$1,225,198
62$1,266,820$1,142,279$1,107,014$1,235,061
63$1,331,396$1,133,610$1,079,459$1,240,330
64$1,400,522$1,122,481$1,048,944$1,244,777
65$1,474,599$1,108,706$1,015,308$1,248,375
66$1,554,065$1,092,090$978,378$1,251,099
67$1,639,403$1,072,425$937,976$1,252,928
68$1,731,139$1,049,491$893,915$1,253,847
69$1,829,855$1,023,056$846,001$1,253,846
70$1,936,187$992,873$794,029$1,252,920
71$2,050,835$958,681$737,786$1,251,073
72$2,174,568$920,204$677,050$1,248,317
73$2,308,230$877,150$611,587$1,244,676
74$2,452,749$829,210$541,154$1,240,183
75$2,609,145$776,056$465,498$1,234,887
76$2,778,539$717,344$384,354$1,228,851
77$2,962,164$652,708$297,444$1,222,157
78$3,161,375$581,761$204,479$1,214,906
79$3,377,664$504,096$105,157$1,207,224
80$3,612,669$419,280$0$1,199,260
81$3,868,196$326,859$0$1,191,464
82$4,146,227$226,351$0$1,219,718
83$4,448,948$117,248$0$1,250,689
84$4,778,760$0$0$1,284,783
85$5,138,307$0$0$1,322,950
86$5,530,499$0$0$1,428,080
87$5,958,540$0$0$1,542,995
88$6,425,955$0$0$1,668,663
89$6,936,625$0$0$1,806,149
90$7,494,823$0$0$1,956,628
91$8,105,253$0$0$2,121,394
92$8,773,094$0$0$2,301,868
93$9,504,050$0$0$2,499,621
94$10,304,401$0$0$2,716,377
95$11,181,062$0$0$2,954,039
96$12,141,649$0$0$3,214,701
97$13,194,550$0$0$3,500,670
98$14,349,002$0$0$3,814,487
99$15,615,179$0$0$4,158,950
100$17,004,288$0$0$4,537,144