Can I retire at age 61 with 1,170,000?

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 $1,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$96,618$95,757$94,917$94,098$93,297$90,131
2 years$47,830$46,940$46,076$45,239$44,427$41,269
3 years$31,570$30,676$29,814$28,985$28,187$25,135
4 years$23,442$22,550$21,697$20,882$20,103$17,182
5 years$18,566$17,679$16,838$16,040$15,282$12,499
6 years$15,316$14,436$13,608$12,827$12,092$9,450
7 years$12,996$12,124$11,308$10,546$9,834$7,332
8 years$11,257$10,392$9,590$8,847$8,158$5,795
9 years$9,905$9,048$8,260$7,535$6,870$4,642
10 years$8,824$7,976$7,201$6,496$5,854$3,757
11 years$7,940$7,100$6,340$5,653$5,035$3,065
12 years$7,204$6,373$5,626$4,958$4,363$2,517
13 years$6,581$5,759$5,027$4,378$3,805$2,077
14 years$6,048$5,235$4,517$3,886$3,335$1,720
15 years$5,587$4,782$4,078$3,466$2,936$1,430
16 years$5,184$4,388$3,697$3,103$2,595$1,192
17 years$4,828$4,041$3,364$2,788$2,301$995
18 years$4,512$3,734$3,071$2,513$2,046$833
19 years$4,230$3,461$2,812$2,270$1,824$698
20 years$3,976$3,216$2,580$2,056$1,629$586
21 years$3,747$2,995$2,373$1,866$1,458$492
22 years$3,539$2,796$2,187$1,697$1,307$414
23 years$3,350$2,615$2,020$1,545$1,173$348
24 years$3,176$2,450$1,868$1,409$1,054$293
25 years$3,016$2,299$1,730$1,287$949$247
26 years$2,869$2,161$1,605$1,177$855$208
27 years$2,734$2,034$1,490$1,077$770$175
28 years$2,608$1,916$1,385$987$695$148
29 years$2,491$1,808$1,289$905$628$125
30 years$2,382$1,707$1,201$831$567$105
31 years$2,280$1,614$1,119$763$513$89
32 years$2,185$1,527$1,044$701$464$75
33 years$2,095$1,446$975$645$420$63
34 years$2,011$1,371$911$593$380$53
35 years$1,933$1,300$852$546$344$45
36 years$1,858$1,234$797$503$312$38
37 years$1,788$1,172$746$463$283$32
38 years$1,722$1,114$698$427$256$27
39 years$1,659$1,059$654$394$232$23
40 years$1,600$1,008$613$363$211$19
41 years$1,543$959$575$335$191$16
42 years$1,490$914$539$309$174$14
43 years$1,439$870$506$286$157$12
44 years$1,390$830$475$264$143$10
45 years$1,344$791$446$243$130$8
46 years$1,300$755$419$225$118$7
47 years$1,258$720$394$208$107$6
48 years$1,218$688$370$192$97$5
49 years$1,179$657$348$177$88$4
50 years$1,142$627$327$164$80$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,170,000, adding $4,339 every year, while hoping to spend $26,952 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: 78/6/16 Blend
60$1,170,000$1,170,000$1,170,000$1,170,000
61$1,293,816$1,231,806$1,213,671$1,389,941
62$1,397,108$1,263,487$1,225,652$1,485,616
63$1,510,033$1,295,818$1,237,131$1,586,694
64$1,633,545$1,328,802$1,248,063$1,696,825
65$1,768,693$1,362,440$1,258,401$1,816,904
66$1,916,636$1,396,735$1,268,093$1,947,918
67$2,078,646$1,431,688$1,277,087$2,090,952
68$2,256,126$1,467,299$1,285,327$2,247,204
69$2,450,621$1,503,567$1,292,756$2,417,991
70$2,663,832$1,540,490$1,299,311$2,604,765
71$2,897,633$1,578,064$1,304,928$2,809,126
72$3,154,087$1,616,285$1,309,539$3,032,837
73$3,435,468$1,655,147$1,313,073$3,277,840
74$3,744,280$1,694,643$1,315,454$3,546,273
75$4,083,279$1,734,763$1,316,605$3,840,494
76$4,455,505$1,775,498$1,316,443$4,163,100
77$4,864,303$1,816,834$1,314,880$4,516,952
78$5,313,360$1,858,757$1,311,827$4,905,204
79$5,806,737$1,901,250$1,307,187$5,331,329
80$6,348,909$1,944,296$1,300,862$5,799,156
81$6,944,803$1,987,872$1,292,747$6,312,902
82$7,599,850$2,031,954$1,282,731$6,877,215
83$8,320,032$2,076,517$1,270,700$7,497,218
84$9,111,940$2,121,532$1,256,533$8,178,553
85$9,982,835$2,166,964$1,240,104$8,927,440
86$10,940,718$2,212,780$1,221,282$9,750,731
87$11,994,404$2,258,939$1,199,928$10,655,979
88$13,153,605$2,305,398$1,175,896$11,651,504
89$14,429,021$2,352,110$1,149,037$12,746,476
90$15,832,442$2,399,025$1,119,191$13,951,002
91$17,376,859$2,446,086$1,086,192$15,276,216
92$19,076,587$2,493,232$1,049,867$16,734,390
93$20,947,396$2,540,398$1,010,036$18,339,046
94$23,006,666$2,587,512$966,507$20,105,086
95$25,273,544$2,634,498$919,083$22,048,933
96$27,769,129$2,681,273$867,556$24,188,683
97$30,516,672$2,727,746$811,710$26,544,279
98$33,541,789$2,773,822$751,319$29,137,697
99$36,872,709$2,819,397$686,146$31,993,157
100$40,540,537$2,864,360$615,944$35,137,347