Can I retire at age 61 with 1,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$90,837$90,028$89,238$88,468$87,716$87,126
2 years$44,969$44,131$43,320$42,533$41,769$41,175
3 years$29,681$28,840$28,031$27,251$26,500$25,919
4 years$22,039$21,201$20,399$19,633$18,900$18,337
5 years$17,455$16,622$15,831$15,080$14,368$13,824
6 years$14,400$13,573$12,793$12,060$11,369$10,845
7 years$12,219$11,398$10,631$9,915$9,246$8,743
8 years$10,583$9,771$9,016$8,317$7,670$7,188
9 years$9,312$8,507$7,766$7,084$6,459$5,997
10 years$8,296$7,499$6,770$6,107$5,504$5,062
11 years$7,465$6,675$5,960$5,315$4,733$4,311
12 years$6,773$5,992$5,290$4,662$4,102$3,699
13 years$6,188$5,415$4,726$4,116$3,577$3,193
14 years$5,687$4,922$4,246$3,653$3,135$2,770
15 years$5,253$4,496$3,834$3,258$2,761$2,413
16 years$4,873$4,125$3,476$2,917$2,440$2,110
17 years$4,539$3,799$3,163$2,621$2,163$1,851
18 years$4,242$3,510$2,887$2,362$1,924$1,627
19 years$3,977$3,253$2,643$2,135$1,715$1,434
20 years$3,739$3,023$2,426$1,933$1,531$1,266
21 years$3,523$2,816$2,231$1,755$1,371$1,120
22 years$3,327$2,629$2,057$1,595$1,228$992
23 years$3,149$2,459$1,899$1,453$1,103$880
24 years$2,986$2,304$1,756$1,325$991$782
25 years$2,836$2,162$1,627$1,210$892$695
26 years$2,698$2,032$1,509$1,106$803$618
27 years$2,570$1,912$1,401$1,013$724$550
28 years$2,452$1,802$1,302$928$654$490
29 years$2,342$1,700$1,212$851$590$437
30 years$2,239$1,605$1,129$781$533$390
31 years$2,143$1,517$1,052$717$482$348
32 years$2,054$1,436$982$659$436$311
33 years$1,970$1,360$917$606$395$278
34 years$1,891$1,289$857$558$357$248
35 years$1,817$1,222$801$513$324$222
36 years$1,747$1,160$749$473$293$198
37 years$1,681$1,102$701$436$266$177
38 years$1,619$1,047$657$402$241$159
39 years$1,560$996$615$370$218$142
40 years$1,504$947$577$342$198$127
41 years$1,451$902$541$315$180$114
42 years$1,400$859$507$291$163$102
43 years$1,353$818$476$268$148$91
44 years$1,307$780$447$248$134$81
45 years$1,264$744$419$229$122$73
46 years$1,222$710$394$211$111$65
47 years$1,183$677$370$195$101$58
48 years$1,145$646$348$180$91$52
49 years$1,109$617$327$167$83$47
50 years$1,074$590$307$154$75$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,100,000, adding $4,830 every year, while hoping to spend $37,625 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: 65/25/10 Blend
60$1,100,000$1,100,000$1,100,000$1,100,000
61$1,217,182$1,158,882$1,141,832$1,293,385
62$1,301,302$1,175,635$1,140,051$1,361,536
63$1,392,741$1,191,947$1,136,949$1,431,094
64$1,492,206$1,207,758$1,132,442$1,506,128
65$1,600,475$1,223,002$1,126,443$1,587,169
66$1,718,403$1,237,609$1,118,858$1,674,801
67$1,846,933$1,251,504$1,109,592$1,769,670
68$1,987,099$1,264,607$1,098,543$1,872,486
69$2,140,044$1,276,834$1,085,605$1,984,034
70$2,307,023$1,288,092$1,070,667$2,105,178
71$2,489,417$1,298,287$1,053,612$2,236,870
72$2,688,748$1,307,313$1,034,319$2,380,161
73$2,906,691$1,315,063$1,012,660$2,536,208
74$3,145,091$1,321,418$988,501$2,706,289
75$3,405,978$1,326,256$961,704$2,891,812
76$3,691,589$1,329,443$932,121$3,094,328
77$4,004,385$1,330,840$899,601$3,315,548
78$4,347,078$1,330,297$863,984$3,557,360
79$4,722,655$1,327,656$825,102$3,821,844
80$5,134,404$1,322,749$782,781$4,111,295
81$5,585,947$1,315,398$736,839$4,428,240
82$6,081,275$1,305,414$687,084$4,775,469
83$6,624,781$1,292,595$633,318$5,156,056
84$7,221,307$1,276,730$575,331$5,573,392
85$7,876,183$1,257,593$512,908$6,031,213
86$8,595,283$1,234,944$445,819$6,533,642
87$9,385,076$1,208,531$373,829$7,085,222
88$10,252,691$1,178,086$296,689$7,690,962
89$11,205,977$1,143,324$214,140$8,356,385
90$12,253,586$1,103,946$125,913$9,087,580
91$13,405,046$1,059,633$31,725$9,891,261
92$14,670,854$1,010,049$0$10,774,830
93$16,062,578$954,838$0$11,753,785
94$17,592,959$893,624$0$12,833,873
95$19,276,037$826,007$0$14,021,656
96$21,127,280$751,569$0$15,328,105
97$23,163,730$669,863$0$16,765,309
98$25,404,164$580,420$0$18,346,595
99$27,869,271$482,743$0$20,086,653
100$30,581,846$376,306$0$22,001,672