Can I retire at age 61 with 1,260,000?

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 $1,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$104,050$103,123$102,219$101,336$100,474$100,009
2 years$51,510$50,550$49,621$48,719$47,845$47,375
3 years$33,999$33,035$32,108$31,215$30,355$29,895
4 years$25,245$24,284$23,366$22,489$21,649$21,203
5 years$19,994$19,039$18,133$17,273$16,457$16,027
6 years$16,495$15,547$14,654$13,814$13,022$12,607
7 years$13,996$13,056$12,178$11,357$10,591$10,191
8 years$12,123$11,192$10,328$9,527$8,786$8,402
9 years$10,667$9,744$8,895$8,115$7,399$7,031
10 years$9,502$8,589$7,755$6,995$6,304$5,952
11 years$8,551$7,646$6,827$6,088$5,422$5,085
12 years$7,758$6,863$6,059$5,340$4,699$4,377
13 years$7,088$6,202$5,414$4,714$4,097$3,790
14 years$6,514$5,638$4,864$4,185$3,592$3,299
15 years$6,017$5,150$4,392$3,732$3,162$2,884
16 years$5,582$4,725$3,982$3,342$2,795$2,530
17 years$5,199$4,352$3,623$3,003$2,478$2,226
18 years$4,859$4,021$3,307$2,706$2,203$1,965
19 years$4,555$3,727$3,028$2,445$1,964$1,738
20 years$4,282$3,463$2,779$2,214$1,754$1,540
21 years$4,036$3,226$2,556$2,010$1,570$1,367
22 years$3,811$3,011$2,356$1,827$1,407$1,216
23 years$3,607$2,816$2,175$1,664$1,263$1,082
24 years$3,420$2,639$2,012$1,518$1,135$965
25 years$3,248$2,476$1,863$1,386$1,022$861
26 years$3,090$2,327$1,728$1,267$920$769
27 years$2,944$2,190$1,605$1,160$830$687
28 years$2,808$2,064$1,492$1,063$749$615
29 years$2,682$1,947$1,388$975$676$550
30 years$2,565$1,839$1,293$895$611$493
31 years$2,455$1,738$1,205$822$552$442
32 years$2,353$1,645$1,125$755$500$396
33 years$2,256$1,558$1,050$694$452$355
34 years$2,166$1,476$981$639$409$319
35 years$2,081$1,400$917$588$371$286
36 years$2,001$1,329$858$542$336$257
37 years$1,926$1,262$803$499$304$231
38 years$1,854$1,200$752$460$276$207
39 years$1,787$1,141$705$424$250$186
40 years$1,723$1,085$660$391$227$167
41 years$1,662$1,033$619$361$206$150
42 years$1,604$984$581$333$187$135
43 years$1,549$937$545$307$170$121
44 years$1,497$894$512$284$154$109
45 years$1,447$852$480$262$140$98
46 years$1,400$813$451$242$127$88
47 years$1,355$776$424$224$115$79
48 years$1,311$740$398$207$105$71
49 years$1,270$707$374$191$95$64
50 years$1,230$675$352$177$86$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,260,000, adding $4,349 every year, while hoping to spend $32,848 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: 81/6/13 Blend
60$1,260,000$1,260,000$1,260,000$1,260,000
61$1,393,006$1,326,226$1,306,696$1,502,055
62$1,500,143$1,356,261$1,315,520$1,604,310
63$1,617,106$1,386,667$1,323,539$1,711,804
64$1,744,864$1,417,427$1,330,691$1,828,842
65$1,884,483$1,448,523$1,336,912$1,956,367
66$2,037,134$1,479,934$1,342,132$2,095,413
67$2,204,109$1,511,639$1,346,281$2,247,123
68$2,386,830$1,543,611$1,349,283$2,412,755
69$2,586,862$1,575,824$1,351,060$2,593,693
70$2,805,930$1,608,247$1,351,528$2,791,464
71$3,045,932$1,640,848$1,350,601$3,007,749
72$3,308,959$1,673,591$1,348,188$3,244,399
73$3,597,313$1,706,437$1,344,193$3,503,456
74$3,913,530$1,739,345$1,338,515$3,787,165
75$4,260,405$1,772,267$1,331,050$4,098,005
76$4,641,013$1,805,155$1,321,687$4,438,704
77$5,058,744$1,837,955$1,310,311$4,812,268
78$5,517,330$1,870,609$1,296,800$5,222,009
79$6,020,884$1,903,055$1,281,029$5,671,576
80$6,573,935$1,935,225$1,262,864$6,164,993
81$7,181,473$1,967,048$1,242,167$6,706,689
82$7,848,995$1,998,446$1,218,792$7,301,546
83$8,582,558$2,029,334$1,192,586$7,954,946
84$9,388,832$2,059,625$1,163,392$8,672,817
85$10,275,168$2,089,222$1,131,040$9,461,690
86$11,249,664$2,118,023$1,095,359$10,328,766
87$12,321,241$2,145,917$1,056,165$11,281,975
88$13,499,728$2,172,787$1,013,267$12,330,058
89$14,795,955$2,198,509$966,466$13,482,649
90$16,221,854$2,222,947$915,554$14,750,362
91$17,790,571$2,245,959$860,313$16,144,892
92$19,516,590$2,267,393$800,515$17,679,130
93$21,415,873$2,287,085$735,922$19,367,279
94$23,506,002$2,304,863$666,286$21,224,993
95$25,806,355$2,320,542$591,347$23,269,519
96$28,338,280$2,333,925$510,834$25,519,866
97$31,125,301$2,344,804$424,464$27,996,982
98$34,193,339$2,352,956$331,940$30,723,949
99$37,570,954$2,358,146$232,954$33,726,205
100$41,289,617$2,360,121$127,185$37,031,784