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%13.4%
1 years$90,011$89,209$88,427$87,664$86,918$85,690
2 years$44,560$43,730$42,926$42,146$41,390$40,155
3 years$29,412$28,578$27,776$27,003$26,259$25,056
4 years$21,839$21,008$20,214$19,454$18,728$17,566
5 years$17,296$16,470$15,687$14,943$14,237$13,119
6 years$14,269$13,449$12,677$11,950$11,265$10,192
7 years$12,108$11,295$10,535$9,825$9,162$8,135
8 years$10,487$9,682$8,934$8,242$7,600$6,619
9 years$9,228$8,430$7,695$7,020$6,401$5,465
10 years$8,220$7,430$6,709$6,051$5,454$4,563
11 years$7,397$6,615$5,906$5,267$4,690$3,843
12 years$6,711$5,937$5,242$4,619$4,065$3,260
13 years$6,131$5,365$4,683$4,078$3,544$2,781
14 years$5,635$4,877$4,208$3,620$3,107$2,385
15 years$5,205$4,455$3,799$3,229$2,736$2,052
16 years$4,829$4,088$3,444$2,891$2,418$1,772
17 years$4,498$3,765$3,134$2,597$2,144$1,535
18 years$4,204$3,479$2,861$2,341$1,906$1,333
19 years$3,941$3,224$2,619$2,115$1,699$1,159
20 years$3,705$2,996$2,404$1,916$1,518$1,010
21 years$3,491$2,790$2,211$1,739$1,358$882
22 years$3,297$2,605$2,038$1,581$1,217$770
23 years$3,121$2,436$1,882$1,440$1,093$674
24 years$2,959$2,283$1,740$1,313$982$590
25 years$2,810$2,142$1,612$1,199$884$517
26 years$2,673$2,013$1,495$1,096$796$454
27 years$2,547$1,895$1,388$1,004$718$398
28 years$2,429$1,785$1,290$919$648$350
29 years$2,320$1,684$1,201$843$585$307
30 years$2,219$1,591$1,119$774$528$270
31 years$2,124$1,504$1,043$711$478$238
32 years$2,035$1,423$973$653$432$209
33 years$1,952$1,347$908$601$391$184
34 years$1,874$1,277$849$553$354$162
35 years$1,800$1,211$794$509$321$143
36 years$1,731$1,150$742$469$291$126
37 years$1,666$1,092$695$432$263$111
38 years$1,604$1,038$651$398$239$97
39 years$1,546$987$610$367$217$86
40 years$1,490$939$571$338$196$76
41 years$1,438$894$536$312$178$67
42 years$1,388$851$503$288$162$59
43 years$1,340$811$472$266$147$52
44 years$1,295$773$443$246$133$46
45 years$1,252$737$416$227$121$40
46 years$1,211$703$390$210$110$35
47 years$1,172$671$367$194$100$31
48 years$1,134$641$345$179$91$28
49 years$1,098$612$324$165$82$24
50 years$1,064$584$305$153$75$21

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 $2,174 every year, while hoping to spend $44,130 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: 55/30/15 Blend
60$1,090,000$1,090,000$1,090,000$1,090,000
61$1,203,422$1,145,652$1,128,757$1,264,747
62$1,279,218$1,154,835$1,119,617$1,315,889
63$1,361,265$1,162,989$1,108,691$1,366,603
64$1,450,155$1,170,017$1,095,873$1,420,819
65$1,546,539$1,175,816$1,081,053$1,478,884
66$1,651,130$1,180,275$1,064,113$1,541,177
67$1,764,715$1,183,278$1,044,930$1,608,119
68$1,888,159$1,184,702$1,023,378$1,680,176
69$2,022,412$1,184,414$999,323$1,757,863
70$2,168,522$1,182,273$972,624$1,841,746
71$2,327,639$1,178,133$943,135$1,932,457
72$2,501,031$1,171,834$910,702$2,030,688
73$2,690,092$1,163,210$875,167$2,137,208
74$2,896,357$1,152,083$836,360$2,252,865
75$3,121,515$1,138,264$794,108$2,378,597
76$3,367,426$1,121,555$748,227$2,515,440
77$3,636,136$1,101,744$698,525$2,664,539
78$3,929,900$1,078,608$644,803$2,827,158
79$4,251,198$1,051,908$586,853$3,004,695
80$4,602,762$1,021,394$524,455$3,198,692
81$4,987,602$986,800$457,382$3,410,855
82$5,409,029$947,844$385,395$3,643,065
83$5,870,691$904,230$308,247$3,897,401
84$6,376,605$855,641$225,678$4,176,160
85$6,931,197$801,746$137,416$4,481,877
86$7,539,339$742,191$43,179$4,817,349
87$8,206,398$676,605$0$5,185,669
88$8,938,285$604,593$0$5,599,431
89$9,741,512$525,740$0$6,061,190
90$10,623,252$439,606$0$6,568,235
91$11,591,403$345,727$0$7,125,209
92$12,654,671$243,612$0$7,737,232
93$13,822,642$132,744$0$8,409,951
94$15,105,877$12,574$0$9,149,597
95$16,516,012$0$0$9,963,037
96$18,065,865$0$0$10,896,631
97$19,769,558$0$0$11,927,567
98$21,642,648$0$0$13,061,121
99$23,702,275$0$0$14,307,682
100$25,967,325$0$0$15,678,694