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

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$108,179$107,215$106,275$105,357$104,461$101,853
2 years$53,554$52,556$51,590$50,653$49,743$47,132
3 years$35,348$34,346$33,382$32,454$31,559$29,027
4 years$26,247$25,248$24,294$23,381$22,508$20,074
5 years$20,787$19,795$18,853$17,959$17,110$14,781
6 years$17,149$16,164$15,236$14,362$13,539$11,317
7 years$14,551$13,574$12,661$11,808$11,011$8,896
8 years$12,604$11,636$10,738$9,905$9,135$7,126
9 years$11,090$10,131$9,248$8,437$7,693$5,789
10 years$9,880$8,930$8,063$7,273$6,554$4,754
11 years$8,890$7,950$7,098$6,329$5,637$3,936
12 years$8,066$7,135$6,300$5,552$4,885$3,281
13 years$7,369$6,448$5,628$4,901$4,260$2,750
14 years$6,772$5,861$5,057$4,351$3,734$2,315
15 years$6,255$5,354$4,566$3,880$3,288$1,955
16 years$5,804$4,913$4,140$3,474$2,906$1,657
17 years$5,406$4,524$3,767$3,122$2,576$1,407
18 years$5,052$4,181$3,439$2,813$2,291$1,198
19 years$4,736$3,875$3,148$2,542$2,042$1,021
20 years$4,452$3,600$2,889$2,302$1,824$872
21 years$4,196$3,354$2,657$2,089$1,632$746
22 years$3,963$3,131$2,449$1,900$1,463$638
23 years$3,750$2,928$2,261$1,730$1,313$547
24 years$3,556$2,743$2,091$1,578$1,180$469
25 years$3,377$2,574$1,937$1,441$1,062$402
26 years$3,213$2,420$1,797$1,318$957$345
27 years$3,061$2,277$1,668$1,206$863$297
28 years$2,920$2,146$1,551$1,105$778$255
29 years$2,789$2,024$1,443$1,013$703$219
30 years$2,667$1,912$1,344$930$635$188
31 years$2,553$1,807$1,253$854$574$162
32 years$2,446$1,710$1,169$785$519$139
33 years$2,346$1,619$1,092$722$470$120
34 years$2,252$1,535$1,020$664$426$103
35 years$2,164$1,456$954$611$385$89
36 years$2,081$1,382$892$563$349$76
37 years$2,002$1,312$835$519$317$66
38 years$1,928$1,247$782$478$287$57
39 years$1,858$1,186$733$441$260$49
40 years$1,791$1,128$687$407$236$42
41 years$1,728$1,074$644$375$214$36
42 years$1,668$1,023$604$346$194$31
43 years$1,611$975$567$320$176$27
44 years$1,556$929$532$295$160$23
45 years$1,505$886$500$273$145$20
46 years$1,455$845$469$252$132$17
47 years$1,408$806$441$233$120$15
48 years$1,363$770$414$215$109$13
49 years$1,320$735$389$199$99$11
50 years$1,279$702$366$184$90$9

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 $2,871 every year, while hoping to spend $29,404 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: 41/31/28 Blend
60$1,310,000$1,310,000$1,310,000$1,310,000
61$1,446,581$1,377,151$1,356,846$1,493,878
62$1,562,847$1,413,346$1,371,015$1,564,553
63$1,689,986$1,450,329$1,384,673$1,638,041
64$1,829,077$1,488,108$1,397,772$1,717,029
65$1,981,307$1,526,689$1,410,261$1,802,039
66$2,147,982$1,566,078$1,422,087$1,893,649
67$2,330,543$1,606,283$1,433,193$1,992,496
68$2,530,574$1,647,306$1,443,521$2,099,280
69$2,749,822$1,689,153$1,453,008$2,214,772
70$2,990,208$1,731,826$1,461,588$2,339,824
71$3,253,850$1,775,326$1,469,192$2,475,374
72$3,543,081$1,819,656$1,475,748$2,622,453
73$3,860,470$1,864,814$1,481,181$2,782,202
74$4,208,846$1,910,798$1,485,408$2,955,874
75$4,591,327$1,957,605$1,488,348$3,144,854
76$5,011,346$2,005,232$1,489,912$3,350,665
77$5,472,686$2,053,670$1,490,006$3,574,987
78$5,979,513$2,102,913$1,488,534$3,819,673
79$6,536,417$2,152,951$1,485,394$4,086,765
80$7,148,457$2,203,770$1,480,480$4,378,511
81$7,821,202$2,255,357$1,473,678$4,697,392
82$8,560,790$2,307,695$1,464,873$5,046,143
83$9,373,984$2,360,766$1,453,939$5,427,776
84$10,268,234$2,414,547$1,440,749$5,845,613
85$11,251,747$2,469,013$1,425,168$6,303,317
86$12,333,568$2,524,137$1,407,053$6,804,922
87$13,523,660$2,579,887$1,386,258$7,354,879
88$14,833,001$2,636,230$1,362,625$7,958,091
89$16,273,688$2,693,126$1,335,994$8,619,964
90$17,859,048$2,750,533$1,306,193$9,346,457
91$19,603,766$2,808,404$1,273,046$10,144,138
92$21,524,023$2,866,689$1,236,366$11,020,249
93$23,637,647$2,925,331$1,195,958$11,982,769
94$25,964,284$2,984,268$1,151,620$13,040,496
95$28,525,578$3,043,435$1,103,137$14,203,127
96$31,345,383$3,102,759$1,050,287$15,481,351
97$34,449,978$3,162,161$992,838$16,886,950
98$37,868,325$3,221,555$930,547$18,432,909
99$41,632,332$3,280,850$863,159$20,133,545
100$45,777,164$3,339,946$790,409$22,004,633