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%15.3%
1 years$90,837$90,028$89,238$88,468$87,716$85,804
2 years$44,969$44,131$43,320$42,533$41,769$39,853
3 years$29,681$28,840$28,031$27,251$26,500$24,639
4 years$22,039$21,201$20,399$19,633$18,900$17,109
5 years$17,455$16,622$15,831$15,080$14,368$12,651
6 years$14,400$13,573$12,793$12,060$11,369$9,728
7 years$12,219$11,398$10,631$9,915$9,246$7,682
8 years$10,583$9,771$9,016$8,317$7,670$6,182
9 years$9,312$8,507$7,766$7,084$6,459$5,047
10 years$8,296$7,499$6,770$6,107$5,504$4,165
11 years$7,465$6,675$5,960$5,315$4,733$3,466
12 years$6,773$5,992$5,290$4,662$4,102$2,904
13 years$6,188$5,415$4,726$4,116$3,577$2,447
14 years$5,687$4,922$4,246$3,653$3,135$2,071
15 years$5,253$4,496$3,834$3,258$2,761$1,759
16 years$4,873$4,125$3,476$2,917$2,440$1,499
17 years$4,539$3,799$3,163$2,621$2,163$1,281
18 years$4,242$3,510$2,887$2,362$1,924$1,097
19 years$3,977$3,253$2,643$2,135$1,715$941
20 years$3,739$3,023$2,426$1,933$1,531$808
21 years$3,523$2,816$2,231$1,755$1,371$695
22 years$3,327$2,629$2,057$1,595$1,228$599
23 years$3,149$2,459$1,899$1,453$1,103$516
24 years$2,986$2,304$1,756$1,325$991$445
25 years$2,836$2,162$1,627$1,210$892$385
26 years$2,698$2,032$1,509$1,106$803$332
27 years$2,570$1,912$1,401$1,013$724$287
28 years$2,452$1,802$1,302$928$654$248
29 years$2,342$1,700$1,212$851$590$215
30 years$2,239$1,605$1,129$781$533$186
31 years$2,143$1,517$1,052$717$482$161
32 years$2,054$1,436$982$659$436$139
33 years$1,970$1,360$917$606$395$121
34 years$1,891$1,289$857$558$357$105
35 years$1,817$1,222$801$513$324$91
36 years$1,747$1,160$749$473$293$79
37 years$1,681$1,102$701$436$266$68
38 years$1,619$1,047$657$402$241$59
39 years$1,560$996$615$370$218$51
40 years$1,504$947$577$342$198$44
41 years$1,451$902$541$315$180$38
42 years$1,400$859$507$291$163$33
43 years$1,353$818$476$268$148$29
44 years$1,307$780$447$248$134$25
45 years$1,264$744$419$229$122$22
46 years$1,222$710$394$211$111$19
47 years$1,183$677$370$195$101$16
48 years$1,145$646$348$180$91$14
49 years$1,109$617$327$167$83$12
50 years$1,074$590$307$154$75$11

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 $2,449 every year, while hoping to spend $38,666 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: 57/19/24 Blend
60$1,100,000$1,100,000$1,100,000$1,100,000
61$1,214,726$1,156,426$1,139,376$1,275,926
62$1,297,488$1,171,951$1,136,405$1,333,565
63$1,387,395$1,186,940$1,132,038$1,392,042
64$1,485,137$1,201,327$1,126,189$1,454,955
65$1,591,469$1,215,040$1,118,764$1,522,742
66$1,707,225$1,228,003$1,109,668$1,595,887
67$1,833,320$1,240,134$1,098,801$1,674,926
68$1,970,764$1,251,346$1,086,057$1,760,448
69$2,120,667$1,261,547$1,071,324$1,853,105
70$2,284,249$1,270,637$1,054,488$1,953,614
71$2,462,856$1,278,512$1,035,427$2,062,772
72$2,657,968$1,285,059$1,014,014$2,181,452
73$2,871,214$1,290,160$990,116$2,310,623
74$3,104,388$1,293,688$963,596$2,451,352
75$3,359,466$1,295,509$934,306$2,604,816
76$3,638,622$1,295,480$902,096$2,772,317
77$3,944,252$1,293,449$866,807$2,955,288
78$4,278,992$1,289,254$828,272$3,155,313
79$4,645,748$1,282,726$786,317$3,374,140
80$5,047,717$1,273,682$740,761$3,613,696
81$5,488,421$1,261,930$691,414$3,876,109
82$5,971,742$1,247,266$638,078$4,163,726
83$6,501,951$1,229,474$580,546$4,479,138
84$7,083,757$1,208,325$518,600$4,825,200
85$7,722,342$1,183,575$452,016$5,205,066
86$8,423,419$1,154,968$380,556$5,622,214
87$9,193,278$1,122,231$303,974$6,080,479
88$10,038,848$1,085,076$222,013$6,584,092
89$10,967,763$1,043,199$134,404$7,137,723
90$11,988,435$996,275$40,866$7,746,520
91$13,110,126$943,963$0$8,416,162
92$14,343,044$885,903$0$9,168,010
93$15,698,435$821,712$0$10,006,024
94$17,188,685$750,986$0$10,927,428
95$18,827,445$673,298$0$11,940,712
96$20,629,752$588,197$0$13,055,229
97$22,612,175$495,207$0$14,281,292
98$24,792,967$393,823$0$15,630,266
99$27,192,242$283,513$0$17,114,678
100$29,832,161$163,715$0$18,748,336