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

Use the below retirement simulation to view the chances of a successful retirement.
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%13%
1 years$105,701$104,760$103,841$102,944$102,069$100,794
2 years$52,327$51,353$50,408$49,493$48,604$47,321
3 years$34,538$33,560$32,618$31,710$30,837$29,585
4 years$25,646$24,670$23,737$22,846$21,993$20,783
5 years$20,311$19,341$18,421$17,548$16,719$15,554
6 years$16,756$15,794$14,887$14,033$13,229$12,111
7 years$14,218$13,264$12,371$11,537$10,759$9,687
8 years$12,315$11,369$10,492$9,678$8,925$7,901
9 years$10,836$9,899$9,036$8,244$7,516$6,538
10 years$9,653$8,726$7,878$7,106$6,404$5,472
11 years$8,686$7,768$6,936$6,185$5,508$4,621
12 years$7,881$6,972$6,155$5,425$4,773$3,930
13 years$7,200$6,301$5,499$4,789$4,162$3,361
14 years$6,617$5,727$4,941$4,251$3,649$2,889
15 years$6,112$5,232$4,461$3,791$3,212$2,494
16 years$5,671$4,800$4,045$3,395$2,839$2,160
17 years$5,282$4,421$3,681$3,050$2,517$1,876
18 years$4,936$4,085$3,360$2,749$2,238$1,633
19 years$4,628$3,786$3,076$2,484$1,995$1,425
20 years$4,350$3,518$2,823$2,250$1,782$1,245
21 years$4,100$3,277$2,596$2,042$1,595$1,090
22 years$3,872$3,059$2,393$1,856$1,429$955
23 years$3,664$2,861$2,210$1,691$1,283$839
24 years$3,475$2,680$2,043$1,542$1,153$737
25 years$3,300$2,515$1,893$1,408$1,038$648
26 years$3,139$2,364$1,755$1,288$935$570
27 years$2,991$2,225$1,630$1,179$843$502
28 years$2,853$2,097$1,515$1,080$761$442
29 years$2,725$1,978$1,410$990$687$390
30 years$2,606$1,868$1,313$909$621$344
31 years$2,494$1,766$1,225$835$561$303
32 years$2,390$1,671$1,142$767$507$268
33 years$2,292$1,582$1,067$705$459$236
34 years$2,201$1,500$997$649$416$209
35 years$2,114$1,422$932$597$377$184
36 years$2,033$1,350$872$550$341$163
37 years$1,956$1,282$816$507$309$144
38 years$1,884$1,219$764$467$280$127
39 years$1,815$1,159$716$431$254$112
40 years$1,750$1,102$671$397$231$99
41 years$1,688$1,049$629$367$209$88
42 years$1,630$999$590$338$190$78
43 years$1,574$952$554$312$172$69
44 years$1,521$908$520$288$156$61
45 years$1,470$866$488$266$142$54
46 years$1,422$826$458$246$129$48
47 years$1,376$788$431$227$117$42
48 years$1,332$752$405$210$106$37
49 years$1,290$718$380$194$97$33
50 years$1,250$686$358$179$88$29

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 $5,369 every year, while hoping to spend $26,465 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: 43/46/11 Blend
60$1,280,000$1,280,000$1,280,000$1,280,000
61$1,416,098$1,348,258$1,328,418$1,472,254
62$1,532,382$1,386,164$1,344,762$1,549,867
63$1,659,639$1,425,041$1,360,766$1,630,810
64$1,798,962$1,464,907$1,376,391$1,717,907
65$1,951,551$1,505,783$1,391,596$1,811,732
66$2,118,732$1,547,689$1,406,336$1,912,918
67$2,301,961$1,590,644$1,420,567$2,022,158
68$2,502,843$1,634,668$1,434,238$2,140,218
69$2,723,147$1,679,781$1,447,299$2,267,940
70$2,964,820$1,726,002$1,459,695$2,406,249
71$3,230,007$1,773,351$1,471,370$2,556,165
72$3,521,070$1,821,848$1,482,264$2,718,811
73$3,840,612$1,871,511$1,492,312$2,895,421
74$4,191,500$1,922,361$1,501,450$3,087,356
75$4,576,891$1,974,415$1,509,607$3,296,113
76$5,000,265$2,027,692$1,516,710$3,523,342
77$5,465,454$2,082,211$1,522,682$3,770,859
78$5,976,680$2,137,988$1,527,441$4,040,663
79$6,538,593$2,195,042$1,530,903$4,334,958
80$7,156,320$2,253,389$1,532,977$4,656,169
81$7,835,504$2,313,044$1,533,572$5,006,970
82$8,582,366$2,374,024$1,532,587$5,390,303
83$9,403,758$2,436,343$1,529,920$5,809,412
84$10,307,232$2,500,013$1,525,462$6,267,868
85$11,301,104$2,565,049$1,519,100$6,769,606
86$12,394,542$2,631,461$1,510,715$7,318,963
87$13,597,643$2,699,261$1,500,182$7,920,714
88$14,921,534$2,768,456$1,487,370$8,580,121
89$16,378,476$2,839,056$1,472,142$9,302,982
90$17,981,976$2,911,066$1,454,354$10,095,686
91$19,746,920$2,984,490$1,433,857$10,965,271
92$21,689,708$3,059,332$1,410,493$11,919,491
93$23,828,411$3,135,592$1,384,098$12,966,892
94$26,182,941$3,213,269$1,354,498$14,116,890
95$28,775,241$3,292,359$1,321,513$15,379,859
96$31,629,488$3,372,856$1,284,956$16,767,232
97$34,772,321$3,454,751$1,244,627$18,291,606
98$38,233,097$3,538,033$1,200,321$19,966,864
99$42,044,163$3,622,687$1,151,822$21,808,300
100$46,241,163$3,708,694$1,098,904$23,832,773