Can I retire at age 61 with 1,270,000?

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 $1,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$104,875$103,941$103,030$102,140$101,272$100,381
2 years$51,919$50,952$50,014$49,106$48,225$47,327
3 years$34,269$33,297$32,363$31,463$30,596$29,719
4 years$25,445$24,477$23,552$22,667$21,821$20,972
5 years$20,153$19,190$18,277$17,410$16,588$15,770
6 years$16,625$15,670$14,771$13,923$13,126$12,338
7 years$14,107$13,160$12,274$11,447$10,675$9,919
8 years$12,219$11,281$10,410$9,603$8,856$8,132
9 years$10,751$9,822$8,966$8,179$7,458$6,765
10 years$9,578$8,657$7,817$7,051$6,354$5,693
11 years$8,618$7,707$6,882$6,136$5,465$4,834
12 years$7,819$6,918$6,107$5,382$4,736$4,134
13 years$7,144$6,251$5,456$4,752$4,130$3,557
14 years$6,565$5,682$4,903$4,218$3,620$3,076
15 years$6,064$5,191$4,426$3,762$3,187$2,671
16 years$5,627$4,763$4,013$3,368$2,817$2,327
17 years$5,241$4,386$3,652$3,026$2,498$2,034
18 years$4,898$4,053$3,334$2,727$2,221$1,782
19 years$4,592$3,756$3,052$2,464$1,980$1,565
20 years$4,316$3,491$2,801$2,232$1,768$1,377
21 years$4,068$3,251$2,576$2,026$1,582$1,214
22 years$3,842$3,035$2,374$1,842$1,418$1,071
23 years$3,636$2,839$2,192$1,677$1,273$946
24 years$3,447$2,660$2,028$1,530$1,144$837
25 years$3,274$2,496$1,878$1,397$1,030$741
26 years$3,115$2,346$1,742$1,277$928$657
27 years$2,967$2,208$1,617$1,169$836$583
28 years$2,831$2,080$1,503$1,071$755$517
29 years$2,704$1,962$1,399$982$681$459
30 years$2,585$1,853$1,303$902$616$408
31 years$2,475$1,752$1,215$828$557$363
32 years$2,371$1,658$1,134$761$503$322
33 years$2,274$1,570$1,058$700$456$287
34 years$2,183$1,488$989$644$413$255
35 years$2,098$1,411$925$593$374$227
36 years$2,017$1,339$865$546$339$202
37 years$1,941$1,272$810$503$307$180
38 years$1,869$1,209$758$464$278$160
39 years$1,801$1,150$710$427$252$143
40 years$1,736$1,094$666$394$229$127
41 years$1,675$1,041$624$364$208$113
42 years$1,617$992$586$336$188$101
43 years$1,562$945$549$310$171$90
44 years$1,509$901$516$286$155$80
45 years$1,459$859$484$264$141$72
46 years$1,411$819$455$244$128$64
47 years$1,365$782$427$226$116$57
48 years$1,322$746$402$208$105$51
49 years$1,280$713$377$193$96$45
50 years$1,240$681$355$178$87$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,270,000, adding $2,660 every year, while hoping to spend $34,393 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: 52/40/8 Blend
60$1,270,000$1,270,000$1,270,000$1,270,000
61$1,402,284$1,334,974$1,315,289$1,472,261
62$1,508,723$1,363,794$1,322,757$1,548,928
63$1,624,866$1,392,873$1,329,323$1,628,314
64$1,751,667$1,422,188$1,334,920$1,713,829
65$1,890,175$1,451,713$1,339,477$1,806,058
66$2,041,545$1,481,420$1,342,923$1,905,644
67$2,207,051$1,511,277$1,345,178$2,013,298
68$2,388,092$1,541,252$1,346,164$2,129,802
69$2,586,210$1,571,306$1,345,793$2,256,017
70$2,803,105$1,601,402$1,343,979$2,392,892
71$3,040,645$1,631,494$1,340,626$2,541,473
72$3,300,891$1,661,537$1,335,637$2,702,913
73$3,586,110$1,691,481$1,328,909$2,878,481
74$3,898,800$1,721,270$1,320,334$3,069,578
75$4,241,712$1,750,847$1,309,799$3,277,745
76$4,617,876$1,780,147$1,297,187$3,504,684
77$5,030,629$1,809,104$1,282,372$3,752,267
78$5,483,648$1,837,645$1,265,226$4,022,561
79$5,980,981$1,865,690$1,245,612$4,317,842
80$6,527,088$1,893,157$1,223,388$4,640,618
81$7,126,885$1,919,955$1,198,405$4,993,656
82$7,785,783$1,945,988$1,170,507$5,380,004
83$8,509,745$1,971,154$1,139,531$5,803,023
84$9,305,340$1,995,341$1,105,306$6,266,417
85$10,179,805$2,018,434$1,067,655$6,774,269
86$11,141,113$2,040,305$1,026,389$7,331,079
87$12,198,048$2,060,822$981,315$7,941,810
88$13,360,288$2,079,841$932,228$8,611,931
89$14,638,495$2,097,210$878,914$9,347,469
90$16,044,415$2,112,767$821,152$10,155,070
91$17,590,992$2,126,339$758,707$11,042,059
92$19,292,487$2,137,743$691,337$12,016,512
93$21,164,611$2,146,783$618,788$13,087,329
94$23,224,677$2,153,251$540,793$14,264,322
95$25,491,760$2,156,927$457,075$15,558,306
96$27,986,877$2,157,574$367,345$16,981,202
97$30,733,188$2,154,945$271,301$18,546,153
98$33,756,210$2,148,773$168,626$20,267,644
99$37,084,059$2,138,779$58,990$22,161,641
100$40,747,717$2,124,663$0$24,245,746