Can I retire at age 61 with 1,250,000?

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 $1,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$103,224$102,304$101,407$100,532$99,677$99,090
2 years$51,101$50,149$49,227$48,333$47,465$46,873
3 years$33,729$32,773$31,853$30,967$30,114$29,535
4 years$25,045$24,092$23,181$22,310$21,477$20,916
5 years$19,835$18,888$17,989$17,136$16,327$15,785
6 years$16,364$15,424$14,538$13,704$12,919$12,397
7 years$13,885$12,953$12,081$11,267$10,506$10,005
8 years$12,027$11,103$10,246$9,451$8,716$8,235
9 years$10,582$9,667$8,825$8,051$7,340$6,879
10 years$9,427$8,521$7,694$6,940$6,254$5,813
11 years$8,483$7,586$6,773$6,040$5,379$4,957
12 years$7,696$6,809$6,011$5,298$4,661$4,258
13 years$7,031$6,153$5,371$4,677$4,065$3,681
14 years$6,462$5,593$4,825$4,152$3,563$3,197
15 years$5,969$5,109$4,357$3,703$3,137$2,789
16 years$5,538$4,688$3,950$3,315$2,773$2,442
17 years$5,158$4,317$3,594$2,979$2,458$2,145
18 years$4,821$3,989$3,281$2,684$2,186$1,889
19 years$4,519$3,697$3,004$2,426$1,948$1,667
20 years$4,248$3,436$2,757$2,197$1,740$1,474
21 years$4,004$3,200$2,536$1,994$1,557$1,306
22 years$3,781$2,987$2,337$1,813$1,396$1,158
23 years$3,579$2,794$2,158$1,651$1,253$1,029
24 years$3,393$2,618$1,996$1,506$1,126$915
25 years$3,223$2,457$1,848$1,375$1,014$815
26 years$3,066$2,309$1,714$1,257$913$726
27 years$2,921$2,173$1,592$1,151$823$648
28 years$2,786$2,047$1,480$1,054$743$578
29 years$2,661$1,931$1,377$967$671$516
30 years$2,544$1,824$1,283$887$606$461
31 years$2,436$1,724$1,196$815$548$412
32 years$2,334$1,632$1,116$749$496$369
33 years$2,239$1,545$1,042$689$448$330
34 years$2,149$1,464$973$634$406$295
35 years$2,065$1,389$910$583$368$264
36 years$1,985$1,318$851$537$333$237
37 years$1,910$1,252$797$495$302$212
38 years$1,840$1,190$746$456$274$190
39 years$1,772$1,132$699$421$248$170
40 years$1,709$1,077$655$388$225$153
41 years$1,649$1,025$614$358$204$137
42 years$1,591$976$576$330$185$123
43 years$1,537$930$541$305$168$110
44 years$1,485$886$508$282$153$99
45 years$1,436$845$477$260$139$88
46 years$1,389$806$448$240$126$79
47 years$1,344$770$421$222$114$71
48 years$1,301$735$395$205$104$64
49 years$1,260$702$372$190$94$57
50 years$1,220$670$349$175$86$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,250,000, adding $6,542 every year, while hoping to spend $24,527 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: 55/40/5 Blend
60$1,250,000$1,250,000$1,250,000$1,250,000
61$1,384,248$1,317,998$1,298,623$1,458,609
62$1,499,345$1,356,483$1,316,030$1,547,958
63$1,625,359$1,396,033$1,333,199$1,641,881
64$1,763,380$1,436,672$1,350,094$1,743,526
65$1,914,603$1,478,427$1,366,682$1,853,628
66$2,080,349$1,521,327$1,382,922$1,972,997
67$2,262,071$1,565,398$1,398,776$2,102,522
68$2,461,368$1,610,669$1,414,201$2,243,183
69$2,680,004$1,657,167$1,429,153$2,396,058
70$2,919,919$1,704,923$1,443,584$2,562,334
71$3,183,252$1,753,965$1,457,445$2,743,315
72$3,472,357$1,804,324$1,470,684$2,940,441
73$3,789,831$1,856,029$1,483,245$3,155,293
74$4,138,531$1,909,112$1,495,071$3,389,615
75$4,521,606$1,963,603$1,506,100$3,645,323
76$4,942,524$2,019,533$1,516,269$3,924,530
77$5,405,106$2,076,936$1,525,509$4,229,563
78$5,913,564$2,135,842$1,533,750$4,562,983
79$6,472,533$2,196,284$1,540,916$4,927,611
80$7,087,125$2,258,295$1,546,930$5,326,553
81$7,762,968$2,321,908$1,551,709$5,763,232
82$8,506,265$2,387,157$1,555,166$6,241,416
83$9,323,851$2,454,074$1,557,210$6,765,257
84$10,223,253$2,522,693$1,557,746$7,339,327
85$11,212,768$2,593,048$1,556,674$7,968,663
86$12,301,536$2,665,173$1,553,888$8,658,815
87$13,499,628$2,739,101$1,549,279$9,415,895
88$14,818,140$2,814,867$1,542,730$10,246,636
89$16,269,299$2,892,505$1,534,120$11,158,458
90$17,866,578$2,972,048$1,523,323$12,159,534
91$19,624,820$3,053,529$1,510,205$13,258,867
92$21,560,382$3,136,982$1,494,627$14,466,380
93$23,691,286$3,222,440$1,476,443$15,793,001
94$26,037,393$3,309,935$1,455,500$17,250,773
95$28,620,586$3,399,500$1,431,637$18,852,966
96$31,464,976$3,491,166$1,404,687$20,614,199
97$34,597,134$3,584,964$1,374,475$22,550,579
98$38,046,339$3,680,924$1,340,817$24,679,856
99$41,844,852$3,779,076$1,303,521$27,021,586
100$46,028,223$3,879,447$1,262,385$29,597,317