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

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 $1,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$90,837$90,028$89,238$88,468$87,716$86,512
2 years$44,969$44,131$43,320$42,533$41,769$40,559
3 years$29,681$28,840$28,031$27,251$26,500$25,320
4 years$22,039$21,201$20,399$19,633$18,900$17,760
5 years$17,455$16,622$15,831$15,080$14,368$13,271
6 years$14,400$13,573$12,793$12,060$11,369$10,316
7 years$12,219$11,398$10,631$9,915$9,246$8,238
8 years$10,583$9,771$9,016$8,317$7,670$6,707
9 years$9,312$8,507$7,766$7,084$6,459$5,541
10 years$8,296$7,499$6,770$6,107$5,504$4,629
11 years$7,465$6,675$5,960$5,315$4,733$3,901
12 years$6,773$5,992$5,290$4,662$4,102$3,311
13 years$6,188$5,415$4,726$4,116$3,577$2,827
14 years$5,687$4,922$4,246$3,653$3,135$2,425
15 years$5,253$4,496$3,834$3,258$2,761$2,089
16 years$4,873$4,125$3,476$2,917$2,440$1,805
17 years$4,539$3,799$3,163$2,621$2,163$1,565
18 years$4,242$3,510$2,887$2,362$1,924$1,359
19 years$3,977$3,253$2,643$2,135$1,715$1,183
20 years$3,739$3,023$2,426$1,933$1,531$1,032
21 years$3,523$2,816$2,231$1,755$1,371$901
22 years$3,327$2,629$2,057$1,595$1,228$788
23 years$3,149$2,459$1,899$1,453$1,103$690
24 years$2,986$2,304$1,756$1,325$991$605
25 years$2,836$2,162$1,627$1,210$892$531
26 years$2,698$2,032$1,509$1,106$803$466
27 years$2,570$1,912$1,401$1,013$724$409
28 years$2,452$1,802$1,302$928$654$360
29 years$2,342$1,700$1,212$851$590$316
30 years$2,239$1,605$1,129$781$533$278
31 years$2,143$1,517$1,052$717$482$245
32 years$2,054$1,436$982$659$436$216
33 years$1,970$1,360$917$606$395$190
34 years$1,891$1,289$857$558$357$167
35 years$1,817$1,222$801$513$324$147
36 years$1,747$1,160$749$473$293$130
37 years$1,681$1,102$701$436$266$114
38 years$1,619$1,047$657$402$241$101
39 years$1,560$996$615$370$218$89
40 years$1,504$947$577$342$198$78
41 years$1,451$902$541$315$180$69
42 years$1,400$859$507$291$163$61
43 years$1,353$818$476$268$148$54
44 years$1,307$780$447$248$134$47
45 years$1,264$744$419$229$122$42
46 years$1,222$710$394$211$111$37
47 years$1,183$677$370$195$101$33
48 years$1,145$646$348$180$91$29
49 years$1,109$617$327$167$83$25
50 years$1,074$590$307$154$75$22

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 $3,744 every year, while hoping to spend $23,972 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: 61/25/14 Blend
60$1,100,000$1,100,000$1,100,000$1,100,000
61$1,216,062$1,157,762$1,140,712$1,285,828
62$1,314,594$1,188,986$1,153,420$1,364,416
63$1,422,373$1,220,937$1,165,750$1,447,094
64$1,540,317$1,253,625$1,177,664$1,536,740
65$1,669,437$1,287,059$1,189,123$1,634,030
66$1,810,844$1,321,250$1,200,084$1,739,709
67$1,965,766$1,356,207$1,210,502$1,854,598
68$2,135,551$1,391,939$1,220,331$1,979,598
69$2,321,687$1,428,453$1,229,522$2,115,705
70$2,525,811$1,465,759$1,238,022$2,264,013
71$2,749,725$1,503,863$1,245,778$2,425,729
72$2,995,417$1,542,772$1,252,731$2,602,182
73$3,265,073$1,582,492$1,258,821$2,794,835
74$3,561,105$1,623,028$1,263,986$3,005,300
75$3,886,165$1,664,384$1,268,158$3,235,354
76$4,243,180$1,706,565$1,271,267$3,486,954
77$4,635,370$1,749,572$1,273,240$3,762,254
78$5,066,284$1,793,407$1,273,999$4,063,630
79$5,539,831$1,838,070$1,273,465$4,393,698
80$6,060,319$1,883,561$1,271,551$4,755,341
81$6,632,493$1,929,877$1,268,169$5,151,736
82$7,261,580$1,977,014$1,263,226$5,586,382
83$7,953,340$2,024,966$1,256,622$6,063,135
84$8,714,119$2,073,727$1,248,257$6,586,245
85$9,550,907$2,123,288$1,238,022$7,160,393
86$10,471,408$2,173,638$1,225,804$7,790,738
87$11,484,109$2,224,764$1,211,486$8,482,966
88$12,598,361$2,276,650$1,194,944$9,243,340
89$13,824,467$2,329,279$1,176,048$10,078,764
90$15,173,780$2,382,631$1,154,663$10,996,843
91$16,658,808$2,436,682$1,130,646$12,005,960
92$18,293,334$2,491,407$1,103,850$13,115,352
93$20,092,544$2,546,776$1,074,120$14,335,197
94$22,073,173$2,602,757$1,041,292$15,676,713
95$24,253,658$2,659,314$1,005,196$17,152,260
96$26,654,317$2,716,406$965,656$18,775,459
97$29,297,536$2,773,989$922,485$20,561,321
98$32,207,985$2,832,015$875,488$22,526,389
99$35,412,847$2,890,430$824,464$24,688,892
100$38,942,072$2,949,177$769,199$27,068,918