Can I retire at age 61 with 1,280,000?

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 $1,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$105,701$104,760$103,841$102,944$102,069$98,291
2 years$52,327$51,353$50,408$49,493$48,604$44,841
3 years$34,538$33,560$32,618$31,710$30,837$27,206
4 years$25,646$24,670$23,737$22,846$21,993$18,523
5 years$20,311$19,341$18,421$17,548$16,719$13,418
6 years$16,756$15,794$14,887$14,033$13,229$10,100
7 years$14,218$13,264$12,371$11,537$10,759$7,801
8 years$12,315$11,369$10,492$9,678$8,925$6,136
9 years$10,836$9,899$9,036$8,244$7,516$4,891
10 years$9,653$8,726$7,878$7,106$6,404$3,939
11 years$8,686$7,768$6,936$6,185$5,508$3,197
12 years$7,881$6,972$6,155$5,425$4,773$2,611
13 years$7,200$6,301$5,499$4,789$4,162$2,143
14 years$6,617$5,727$4,941$4,251$3,649$1,765
15 years$6,112$5,232$4,461$3,791$3,212$1,459
16 years$5,671$4,800$4,045$3,395$2,839$1,209
17 years$5,282$4,421$3,681$3,050$2,517$1,004
18 years$4,936$4,085$3,360$2,749$2,238$835
19 years$4,628$3,786$3,076$2,484$1,995$695
20 years$4,350$3,518$2,823$2,250$1,782$580
21 years$4,100$3,277$2,596$2,042$1,595$484
22 years$3,872$3,059$2,393$1,856$1,429$405
23 years$3,664$2,861$2,210$1,691$1,283$338
24 years$3,475$2,680$2,043$1,542$1,153$283
25 years$3,300$2,515$1,893$1,408$1,038$237
26 years$3,139$2,364$1,755$1,288$935$198
27 years$2,991$2,225$1,630$1,179$843$166
28 years$2,853$2,097$1,515$1,080$761$139
29 years$2,725$1,978$1,410$990$687$117
30 years$2,606$1,868$1,313$909$621$98
31 years$2,494$1,766$1,225$835$561$82
32 years$2,390$1,671$1,142$767$507$69
33 years$2,292$1,582$1,067$705$459$58
34 years$2,201$1,500$997$649$416$48
35 years$2,114$1,422$932$597$377$40
36 years$2,033$1,350$872$550$341$34
37 years$1,956$1,282$816$507$309$28
38 years$1,884$1,219$764$467$280$24
39 years$1,815$1,159$716$431$254$20
40 years$1,750$1,102$671$397$231$17
41 years$1,688$1,049$629$367$209$14
42 years$1,630$999$590$338$190$12
43 years$1,574$952$554$312$172$10
44 years$1,521$908$520$288$156$8
45 years$1,470$866$488$266$142$7
46 years$1,422$826$458$246$129$6
47 years$1,376$788$431$227$117$5
48 years$1,332$752$405$210$106$4
49 years$1,290$718$380$194$97$3
50 years$1,250$686$358$179$88$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,280,000, adding $4,885 every year, while hoping to spend $21,800 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: 83/6/11 Blend
60$1,280,000$1,280,000$1,280,000$1,280,000
61$1,415,599$1,347,759$1,327,919$1,530,124
62$1,536,795$1,390,604$1,349,209$1,648,672
63$1,669,622$1,434,818$1,370,482$1,775,432
64$1,815,244$1,480,445$1,391,714$1,913,981
65$1,974,943$1,527,530$1,412,879$2,065,491
66$2,150,128$1,576,120$1,433,952$2,231,253
67$2,342,356$1,626,264$1,454,904$2,412,689
68$2,553,337$1,678,012$1,475,704$2,611,365
69$2,784,958$1,731,416$1,496,321$2,829,005
70$3,039,297$1,786,528$1,516,721$3,067,510
71$3,318,642$1,843,405$1,536,868$3,328,971
72$3,625,514$1,902,103$1,556,724$3,615,695
73$3,962,691$1,962,680$1,576,249$3,930,221
74$4,333,233$2,025,198$1,595,400$4,275,346
75$4,740,509$2,089,720$1,614,133$4,654,153
76$5,188,235$2,156,309$1,632,400$5,070,037
77$5,680,500$2,225,034$1,650,150$5,526,739
78$6,221,813$2,295,963$1,667,332$6,028,380
79$6,817,140$2,369,167$1,683,890$6,579,501
80$7,471,952$2,444,720$1,699,764$7,185,104
81$8,192,278$2,522,698$1,714,893$7,850,702
82$8,984,760$2,603,180$1,729,212$8,582,368
83$9,856,717$2,686,248$1,742,652$9,386,792
84$10,816,213$2,771,984$1,755,141$10,271,348
85$11,872,131$2,860,475$1,766,603$11,244,159
86$13,034,262$2,951,812$1,776,957$12,314,175
87$14,313,392$3,046,086$1,786,121$13,491,260
88$15,721,406$3,143,393$1,794,005$14,786,280
89$17,271,402$3,243,832$1,800,516$16,211,211
90$18,977,810$3,347,504$1,805,558$17,779,246
91$20,856,529$3,454,515$1,809,027$19,504,924
92$22,925,083$3,564,974$1,810,817$21,404,267
93$25,202,776$3,678,992$1,810,814$23,494,927
94$27,710,882$3,796,686$1,808,900$25,796,356
95$30,472,845$3,918,176$1,804,950$28,329,990
96$33,514,494$4,043,586$1,798,835$31,119,449
97$36,864,295$4,173,044$1,790,418$34,190,760
98$40,553,611$4,306,681$1,779,556$37,572,604
99$44,617,007$4,444,636$1,766,098$41,296,586
100$49,092,567$4,587,048$1,749,888$45,397,532