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%17.2%
1 years$104,875$103,941$103,030$102,140$101,272$98,306
2 years$51,919$50,952$50,014$49,106$48,225$45,260
3 years$34,269$33,297$32,363$31,463$30,596$27,726
4 years$25,445$24,477$23,552$22,667$21,821$19,068
5 years$20,153$19,190$18,277$17,410$16,588$13,960
6 years$16,625$15,670$14,771$13,923$13,126$10,624
7 years$14,107$13,160$12,274$11,447$10,675$8,299
8 years$12,219$11,281$10,410$9,603$8,856$6,606
9 years$10,751$9,822$8,966$8,179$7,458$5,330
10 years$9,578$8,657$7,817$7,051$6,354$4,347
11 years$8,618$7,707$6,882$6,136$5,465$3,574
12 years$7,819$6,918$6,107$5,382$4,736$2,958
13 years$7,144$6,251$5,456$4,752$4,130$2,461
14 years$6,565$5,682$4,903$4,218$3,620$2,056
15 years$6,064$5,191$4,426$3,762$3,187$1,723
16 years$5,627$4,763$4,013$3,368$2,817$1,449
17 years$5,241$4,386$3,652$3,026$2,498$1,221
18 years$4,898$4,053$3,334$2,727$2,221$1,031
19 years$4,592$3,756$3,052$2,464$1,980$872
20 years$4,316$3,491$2,801$2,232$1,768$738
21 years$4,068$3,251$2,576$2,026$1,582$626
22 years$3,842$3,035$2,374$1,842$1,418$531
23 years$3,636$2,839$2,192$1,677$1,273$451
24 years$3,447$2,660$2,028$1,530$1,144$383
25 years$3,274$2,496$1,878$1,397$1,030$326
26 years$3,115$2,346$1,742$1,277$928$277
27 years$2,967$2,208$1,617$1,169$836$236
28 years$2,831$2,080$1,503$1,071$755$201
29 years$2,704$1,962$1,399$982$681$171
30 years$2,585$1,853$1,303$902$616$146
31 years$2,475$1,752$1,215$828$557$124
32 years$2,371$1,658$1,134$761$503$106
33 years$2,274$1,570$1,058$700$456$90
34 years$2,183$1,488$989$644$413$77
35 years$2,098$1,411$925$593$374$66
36 years$2,017$1,339$865$546$339$56
37 years$1,941$1,272$810$503$307$48
38 years$1,869$1,209$758$464$278$41
39 years$1,801$1,150$710$427$252$35
40 years$1,736$1,094$666$394$229$30
41 years$1,675$1,041$624$364$208$25
42 years$1,617$992$586$336$188$22
43 years$1,562$945$549$310$171$18
44 years$1,509$901$516$286$155$16
45 years$1,459$859$484$264$141$13
46 years$1,411$819$455$244$128$11
47 years$1,365$782$427$226$116$10
48 years$1,322$746$402$208$105$8
49 years$1,280$713$377$193$96$7
50 years$1,240$681$355$178$87$6

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 $2,277 every year, while hoping to spend $58,737 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: 63/23/14 Blend
60$1,270,000$1,270,000$1,270,000$1,270,000
61$1,401,889$1,334,579$1,314,894$1,485,333
62$1,482,386$1,337,477$1,296,447$1,544,451
63$1,569,125$1,338,549$1,275,414$1,602,043
64$1,662,680$1,337,643$1,251,645$1,663,500
65$1,763,684$1,334,598$1,224,986$1,729,199
66$1,872,830$1,329,244$1,195,272$1,799,557
67$1,990,880$1,321,398$1,162,335$1,875,035
68$2,118,672$1,310,869$1,125,996$1,956,142
69$2,257,128$1,297,452$1,086,068$2,043,442
70$2,407,260$1,280,933$1,042,357$2,137,559
71$2,570,183$1,261,081$994,658$2,239,181
72$2,747,121$1,237,654$942,759$2,349,069
73$2,939,423$1,210,394$886,436$2,468,066
74$3,148,571$1,179,030$825,458$2,597,100
75$3,376,195$1,143,272$759,581$2,737,201
76$3,624,091$1,102,817$688,551$2,889,504
77$3,894,233$1,057,340$612,103$3,055,263
78$4,188,795$1,006,499$529,958$3,235,865
79$4,510,169$949,935$441,829$3,432,843
80$4,860,988$887,263$347,412$3,647,888
81$5,244,149$818,080$246,391$3,882,869
82$5,662,845$741,958$138,437$4,139,852
83$6,120,587$658,446$23,207$4,421,115
84$6,621,243$567,066$0$4,729,179
85$7,169,070$467,313$0$5,081,725
86$7,768,759$358,655$0$5,471,590
87$8,425,472$240,529$0$5,898,752
88$9,144,896$112,340$0$6,367,015
89$9,933,291$0$0$6,880,575
90$10,797,554$0$0$7,450,775
91$11,745,281$0$0$8,107,310
92$12,784,837$0$0$8,827,553
93$13,925,436$0$0$9,617,899
94$15,177,227$0$0$10,485,393
95$16,551,390$0$0$11,437,796
96$18,060,240$0$0$12,483,655
97$19,717,341$0$0$13,632,386
98$21,537,638$0$0$14,894,363
99$23,537,592$0$0$16,281,013
100$25,735,340$0$0$17,804,925