Can I retire at age 61 with 1,190,000?

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 $1,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$98,269$97,394$96,540$95,706$94,892$93,940
2 years$48,648$47,742$46,864$46,013$45,187$44,228
3 years$32,110$31,200$30,324$29,481$28,668$27,732
4 years$23,842$22,935$22,068$21,239$20,447$19,541
5 years$18,883$17,982$17,126$16,314$15,543$14,670
6 years$15,578$14,683$13,840$13,046$12,299$11,460
7 years$13,218$12,331$11,501$10,726$10,002$9,197
8 years$11,449$10,570$9,754$8,998$8,298$7,527
9 years$10,074$9,203$8,401$7,664$6,988$6,251
10 years$8,975$8,112$7,324$6,607$5,954$5,250
11 years$8,076$7,222$6,448$5,750$5,121$4,450
12 years$7,327$6,482$5,723$5,043$4,437$3,799
13 years$6,694$5,858$5,113$4,452$3,870$3,262
14 years$6,152$5,324$4,594$3,952$3,392$2,816
15 years$5,682$4,864$4,148$3,525$2,987$2,440
16 years$5,272$4,463$3,760$3,156$2,640$2,122
17 years$4,910$4,110$3,422$2,836$2,340$1,850
18 years$4,589$3,798$3,124$2,556$2,081$1,618
19 years$4,302$3,520$2,860$2,309$1,855$1,418
20 years$4,044$3,271$2,624$2,091$1,657$1,245
21 years$3,811$3,046$2,414$1,898$1,483$1,094
22 years$3,600$2,844$2,225$1,726$1,329$964
23 years$3,407$2,660$2,054$1,572$1,193$850
24 years$3,230$2,492$1,900$1,433$1,072$750
25 years$3,068$2,339$1,760$1,309$965$662
26 years$2,919$2,198$1,632$1,197$869$586
27 years$2,780$2,069$1,515$1,096$784$518
28 years$2,652$1,949$1,409$1,004$707$459
29 years$2,533$1,839$1,311$921$638$406
30 years$2,422$1,737$1,221$845$577$360
31 years$2,319$1,642$1,138$776$522$319
32 years$2,222$1,553$1,062$713$472$283
33 years$2,131$1,471$992$656$427$251
34 years$2,046$1,394$927$603$387$223
35 years$1,966$1,322$866$555$350$198
36 years$1,890$1,255$810$512$317$176
37 years$1,819$1,192$759$471$288$156
38 years$1,751$1,133$710$434$261$139
39 years$1,687$1,077$666$401$236$123
40 years$1,627$1,025$624$369$214$110
41 years$1,570$976$585$341$195$97
42 years$1,515$929$549$315$176$87
43 years$1,463$885$515$290$160$77
44 years$1,414$844$483$268$145$68
45 years$1,367$805$454$248$132$61
46 years$1,322$768$426$229$120$54
47 years$1,279$733$400$211$109$48
48 years$1,238$699$376$195$99$43
49 years$1,199$668$354$180$90$38
50 years$1,162$638$333$167$82$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,190,000, adding $5,312 every year, while hoping to spend $52,190 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: 61/17/22 Blend
60$1,190,000$1,190,000$1,190,000$1,190,000
61$1,316,859$1,253,789$1,235,344$1,389,261
62$1,395,649$1,259,695$1,221,199$1,444,816
63$1,480,727$1,264,141$1,204,830$1,499,214
64$1,572,677$1,267,001$1,186,108$1,557,419
65$1,672,146$1,268,140$1,164,899$1,619,809
66$1,779,841$1,267,415$1,141,059$1,686,804
67$1,896,540$1,264,674$1,114,440$1,758,864
68$2,023,101$1,259,756$1,084,887$1,836,503
69$2,160,463$1,252,490$1,052,236$1,920,286
70$2,309,663$1,242,695$1,016,319$2,010,837
71$2,471,840$1,230,178$976,957$2,108,848
72$2,648,246$1,214,735$933,964$2,215,083
73$2,840,261$1,196,151$887,145$2,330,386
74$3,049,400$1,174,195$836,298$2,455,689
75$3,277,335$1,148,626$781,209$2,592,023
76$3,525,900$1,119,186$721,657$2,740,528
77$3,797,119$1,085,603$657,409$2,902,460
78$4,093,217$1,047,590$588,225$3,079,211
79$4,416,644$1,004,841$513,849$3,272,314
80$4,770,097$957,033$434,018$3,483,467
81$5,156,545$903,826$348,456$3,714,541
82$5,579,258$844,859$256,874$3,967,604
83$6,041,835$779,749$158,972$4,244,940
84$6,548,240$708,095$54,436$4,549,070
85$7,102,837$629,468$0$4,882,778
86$7,710,434$543,420$0$5,262,546
87$8,376,324$449,472$0$5,692,867
88$9,106,336$347,124$0$6,164,776
89$9,906,891$235,842$0$6,682,495
90$10,785,062$115,067$0$7,250,677
91$11,748,639$0$0$7,874,453
92$12,806,200$0$0$8,562,432
93$13,967,197$0$0$9,341,424
94$15,242,041$0$0$10,196,900
95$16,642,200$0$0$11,136,568
96$18,180,307$0$0$12,168,919
97$19,870,281$0$0$13,303,307
98$21,727,452$0$0$14,550,038
99$23,768,713$0$0$15,920,463
100$26,012,672$0$0$17,427,091