Can I retire at age 61 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$108,179$107,215$106,275$105,357$104,461$103,370
2 years$53,554$52,556$51,590$50,653$49,743$48,645
3 years$35,348$34,346$33,382$32,454$31,559$30,487
4 years$26,247$25,248$24,294$23,381$22,508$21,471
5 years$20,787$19,795$18,853$17,959$17,110$16,111
6 years$17,149$16,164$15,236$14,362$13,539$12,578
7 years$14,551$13,574$12,661$11,808$11,011$10,089
8 years$12,604$11,636$10,738$9,905$9,135$8,252
9 years$11,090$10,131$9,248$8,437$7,693$6,849
10 years$9,880$8,930$8,063$7,273$6,554$5,750
11 years$8,890$7,950$7,098$6,329$5,637$4,870
12 years$8,066$7,135$6,300$5,552$4,885$4,155
13 years$7,369$6,448$5,628$4,901$4,260$3,566
14 years$6,772$5,861$5,057$4,351$3,734$3,075
15 years$6,255$5,354$4,566$3,880$3,288$2,663
16 years$5,804$4,913$4,140$3,474$2,906$2,314
17 years$5,406$4,524$3,767$3,122$2,576$2,017
18 years$5,052$4,181$3,439$2,813$2,291$1,762
19 years$4,736$3,875$3,148$2,542$2,042$1,543
20 years$4,452$3,600$2,889$2,302$1,824$1,354
21 years$4,196$3,354$2,657$2,089$1,632$1,189
22 years$3,963$3,131$2,449$1,900$1,463$1,047
23 years$3,750$2,928$2,261$1,730$1,313$922
24 years$3,556$2,743$2,091$1,578$1,180$813
25 years$3,377$2,574$1,937$1,441$1,062$718
26 years$3,213$2,420$1,797$1,318$957$634
27 years$3,061$2,277$1,668$1,206$863$561
28 years$2,920$2,146$1,551$1,105$778$496
29 years$2,789$2,024$1,443$1,013$703$439
30 years$2,667$1,912$1,344$930$635$389
31 years$2,553$1,807$1,253$854$574$344
32 years$2,446$1,710$1,169$785$519$305
33 years$2,346$1,619$1,092$722$470$271
34 years$2,252$1,535$1,020$664$426$240
35 years$2,164$1,456$954$611$385$213
36 years$2,081$1,382$892$563$349$189
37 years$2,002$1,312$835$519$317$168
38 years$1,928$1,247$782$478$287$149
39 years$1,858$1,186$733$441$260$132
40 years$1,791$1,128$687$407$236$117
41 years$1,728$1,074$644$375$214$104
42 years$1,668$1,023$604$346$194$92
43 years$1,611$975$567$320$176$82
44 years$1,556$929$532$295$160$73
45 years$1,505$886$500$273$145$65
46 years$1,455$845$469$252$132$58
47 years$1,408$806$441$233$120$51
48 years$1,363$770$414$215$109$45
49 years$1,320$735$389$199$99$40
50 years$1,279$702$366$184$90$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,310,000, adding $2,139 every year, while hoping to spend $40,988 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: 61/21/18 Blend
60$1,310,000$1,310,000$1,310,000$1,310,000
61$1,445,826$1,376,396$1,356,091$1,527,220
62$1,549,690$1,400,229$1,357,910$1,606,226
63$1,662,773$1,423,855$1,358,415$1,687,650
64$1,785,975$1,447,223$1,357,520$1,775,560
65$1,920,281$1,470,273$1,355,134$1,870,592
66$2,066,778$1,492,946$1,351,160$1,973,445
67$2,226,664$1,515,174$1,345,497$2,084,888
68$2,401,253$1,536,887$1,338,041$2,205,773
69$2,591,996$1,558,009$1,328,680$2,337,035
70$2,800,487$1,578,460$1,317,299$2,479,709
71$3,028,484$1,598,152$1,303,776$2,634,934
72$3,277,921$1,616,993$1,287,984$2,803,966
73$3,550,927$1,634,883$1,269,790$2,988,190
74$3,849,848$1,651,719$1,249,054$3,189,133
75$4,177,265$1,667,386$1,225,630$3,408,479
76$4,536,023$1,681,764$1,199,365$3,648,087
77$4,929,253$1,694,727$1,170,100$3,910,002
78$5,360,406$1,706,137$1,137,667$4,196,483
79$5,833,280$1,715,850$1,101,891$4,510,020
80$6,352,059$1,723,712$1,062,589$4,853,357
81$6,921,353$1,729,558$1,019,570$5,229,521
82$7,546,239$1,733,214$972,633$5,641,850
83$8,232,308$1,734,495$921,570$6,094,023
84$8,985,722$1,733,203$866,161$6,590,098
85$9,813,266$1,729,131$806,178$7,134,547
86$10,722,417$1,722,055$741,382$7,732,304
87$11,721,408$1,711,741$671,523$8,388,805
88$12,819,314$1,697,939$596,342$9,110,047
89$14,026,130$1,680,383$515,565$9,902,640
90$15,352,867$1,658,794$428,908$10,773,872
91$16,811,657$1,632,872$336,074$11,731,777
92$18,415,867$1,602,304$236,754$12,785,214
93$20,180,224$1,566,755$130,623$13,943,949
94$22,120,952$1,525,871$17,344$15,218,747
95$24,255,927$1,479,278$0$16,621,479
96$26,604,848$1,426,578$0$18,185,116
97$29,189,415$1,367,353$0$19,909,043
98$32,033,540$1,301,158$0$21,805,902
99$35,163,571$1,227,525$0$23,893,299
100$38,608,537$1,145,955$0$26,190,640