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%15%
1 years$105,701$104,760$103,841$102,944$102,069$99,967
2 years$52,327$51,353$50,408$49,493$48,604$46,496
3 years$34,538$33,560$32,618$31,710$30,837$28,788
4 years$25,646$24,670$23,737$22,846$21,993$20,020
5 years$20,311$19,341$18,421$17,548$16,719$14,827
6 years$16,756$15,794$14,887$14,033$13,229$11,420
7 years$14,218$13,264$12,371$11,537$10,759$9,033
8 years$12,315$11,369$10,492$9,678$8,925$7,283
9 years$10,836$9,899$9,036$8,244$7,516$5,955
10 years$9,653$8,726$7,878$7,106$6,404$4,924
11 years$8,686$7,768$6,936$6,185$5,508$4,106
12 years$7,881$6,972$6,155$5,425$4,773$3,447
13 years$7,200$6,301$5,499$4,789$4,162$2,910
14 years$6,617$5,727$4,941$4,251$3,649$2,468
15 years$6,112$5,232$4,461$3,791$3,212$2,101
16 years$5,671$4,800$4,045$3,395$2,839$1,794
17 years$5,282$4,421$3,681$3,050$2,517$1,536
18 years$4,936$4,085$3,360$2,749$2,238$1,318
19 years$4,628$3,786$3,076$2,484$1,995$1,133
20 years$4,350$3,518$2,823$2,250$1,782$976
21 years$4,100$3,277$2,596$2,042$1,595$841
22 years$3,872$3,059$2,393$1,856$1,429$726
23 years$3,664$2,861$2,210$1,691$1,283$628
24 years$3,475$2,680$2,043$1,542$1,153$543
25 years$3,300$2,515$1,893$1,408$1,038$470
26 years$3,139$2,364$1,755$1,288$935$407
27 years$2,991$2,225$1,630$1,179$843$353
28 years$2,853$2,097$1,515$1,080$761$306
29 years$2,725$1,978$1,410$990$687$265
30 years$2,606$1,868$1,313$909$621$230
31 years$2,494$1,766$1,225$835$561$200
32 years$2,390$1,671$1,142$767$507$173
33 years$2,292$1,582$1,067$705$459$150
34 years$2,201$1,500$997$649$416$131
35 years$2,114$1,422$932$597$377$113
36 years$2,033$1,350$872$550$341$99
37 years$1,956$1,282$816$507$309$86
38 years$1,884$1,219$764$467$280$74
39 years$1,815$1,159$716$431$254$65
40 years$1,750$1,102$671$397$231$56
41 years$1,688$1,049$629$367$209$49
42 years$1,630$999$590$338$190$42
43 years$1,574$952$554$312$172$37
44 years$1,521$908$520$288$156$32
45 years$1,470$866$488$266$142$28
46 years$1,422$826$458$246$129$24
47 years$1,376$788$431$227$117$21
48 years$1,332$752$405$210$106$18
49 years$1,290$718$380$194$97$16
50 years$1,250$686$358$179$88$14

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 $2,768 every year, while hoping to spend $51,397 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: 36/45/19 Blend
60$1,280,000$1,280,000$1,280,000$1,280,000
61$1,413,415$1,345,575$1,325,735$1,456,051
62$1,502,898$1,356,822$1,315,461$1,498,590
63$1,599,784$1,366,898$1,303,121$1,539,472
64$1,704,777$1,375,691$1,288,590$1,582,538
65$1,818,646$1,383,081$1,271,739$1,628,011
66$1,942,239$1,388,943$1,252,433$1,676,142
67$2,076,488$1,393,142$1,230,531$1,727,210
68$2,222,419$1,395,536$1,205,883$1,781,525
69$2,381,161$1,395,971$1,178,335$1,839,432
70$2,553,953$1,394,288$1,147,723$1,901,316
71$2,742,163$1,390,315$1,113,878$1,967,605
72$2,947,293$1,383,869$1,076,622$2,038,774
73$3,170,997$1,374,759$1,035,770$2,115,352
74$3,415,096$1,362,780$991,125$2,197,927
75$3,681,594$1,347,714$942,486$2,287,152
76$3,972,696$1,329,332$889,639$2,383,752
77$4,290,832$1,307,390$832,363$2,488,531
78$4,638,675$1,281,630$770,425$2,602,383
79$5,019,168$1,251,778$703,582$2,726,300
80$5,435,553$1,217,545$631,582$2,861,380
81$5,891,398$1,178,624$554,159$3,008,844
82$6,390,635$1,134,691$471,038$3,170,042
83$6,937,591$1,085,402$381,929$3,346,474
84$7,537,032$1,030,393$286,530$3,539,800
85$8,194,208$969,281$184,528$3,751,859
86$8,914,901$901,659$75,593$3,984,690
87$9,705,478$827,098$0$4,240,547
88$10,572,954$745,143$0$4,530,173
89$11,525,054$655,313$0$4,864,980
90$12,570,288$557,103$0$5,232,763
91$13,718,031$449,974$0$5,636,987
92$14,978,610$333,363$0$6,081,481
93$16,363,399$206,669$0$6,570,476
94$17,884,932$69,262$0$7,108,644
95$19,557,014$0$0$7,701,148
96$21,394,855$0$0$8,393,067
97$23,415,210$0$0$9,191,599
98$25,636,542$0$0$10,069,769
99$28,079,188$0$0$11,035,642
100$30,765,557$0$0$12,098,104