Can I retire at age 61 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$109,830$108,852$107,897$106,966$106,056$104,085
2 years$54,371$53,359$52,377$51,426$50,503$48,525
3 years$35,888$34,871$33,892$32,949$32,041$30,117
4 years$26,647$25,634$24,664$23,738$22,852$20,997
5 years$21,105$20,097$19,141$18,233$17,372$15,591
6 years$17,411$16,411$15,468$14,581$13,746$12,041
7 years$14,773$13,782$12,854$11,988$11,179$9,551
8 years$12,796$11,813$10,902$10,056$9,274$7,723
9 years$11,259$10,286$9,389$8,566$7,810$6,334
10 years$10,030$9,066$8,186$7,384$6,655$5,253
11 years$9,026$8,071$7,207$6,426$5,723$4,394
12 years$8,189$7,244$6,396$5,637$4,960$3,701
13 years$7,481$6,547$5,714$4,976$4,325$3,135
14 years$6,876$5,951$5,134$4,417$3,791$2,668
15 years$6,351$5,436$4,636$3,939$3,338$2,279
16 years$5,892$4,988$4,203$3,527$2,950$1,953
17 years$5,488$4,593$3,824$3,169$2,616$1,678
18 years$5,129$4,244$3,491$2,856$2,326$1,445
19 years$4,809$3,934$3,196$2,581$2,073$1,247
20 years$4,520$3,655$2,933$2,337$1,852$1,078
21 years$4,260$3,405$2,698$2,121$1,657$933
22 years$4,023$3,178$2,487$1,929$1,485$809
23 years$3,808$2,973$2,296$1,757$1,333$701
24 years$3,610$2,785$2,123$1,602$1,198$609
25 years$3,429$2,614$1,967$1,463$1,078$529
26 years$3,262$2,457$1,824$1,338$971$460
27 years$3,107$2,312$1,694$1,225$876$400
28 years$2,964$2,178$1,574$1,122$790$348
29 years$2,831$2,055$1,465$1,029$714$303
30 years$2,707$1,941$1,365$944$645$264
31 years$2,592$1,835$1,272$867$583$230
32 years$2,483$1,736$1,187$797$527$201
33 years$2,382$1,644$1,108$733$477$175
34 years$2,287$1,558$1,036$674$432$153
35 years$2,197$1,478$968$621$391$133
36 years$2,112$1,403$906$572$355$116
37 years$2,033$1,332$848$527$321$101
38 years$1,957$1,266$794$486$291$88
39 years$1,886$1,204$744$448$264$77
40 years$1,818$1,146$697$413$240$67
41 years$1,754$1,090$654$381$217$59
42 years$1,693$1,038$613$352$197$51
43 years$1,635$989$575$325$179$45
44 years$1,580$943$540$300$163$39
45 years$1,528$899$507$277$148$34
46 years$1,478$858$476$256$134$30
47 years$1,430$819$448$236$122$26
48 years$1,384$782$421$218$110$23
49 years$1,340$746$395$202$100$20
50 years$1,299$713$372$186$91$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,330,000, adding $6,923 every year, while hoping to spend $26,422 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: 40/49/11 Blend
60$1,330,000$1,330,000$1,330,000$1,330,000
61$1,472,801$1,402,311$1,381,696$1,526,602
62$1,594,914$1,442,912$1,399,870$1,605,779
63$1,728,597$1,484,616$1,417,767$1,688,238
64$1,875,002$1,527,450$1,435,351$1,776,852
65$2,035,398$1,571,441$1,452,581$1,872,190
66$2,211,183$1,616,616$1,469,417$1,974,877
67$2,403,895$1,663,002$1,485,814$2,085,600
68$2,615,230$1,710,626$1,501,726$2,205,115
69$2,847,054$1,759,518$1,517,104$2,334,256
70$3,101,424$1,809,705$1,531,898$2,473,936
71$3,380,605$1,861,216$1,546,052$2,625,163
72$3,687,091$1,914,080$1,559,510$2,789,045
73$4,023,632$1,968,327$1,572,211$2,966,802
74$4,393,254$2,023,987$1,584,091$3,159,777
75$4,799,293$2,081,090$1,595,085$3,369,448
76$5,245,423$2,139,665$1,605,122$3,597,442
77$5,735,690$2,199,743$1,614,129$3,845,550
78$6,274,555$2,261,355$1,622,026$4,115,746
79$6,866,930$2,324,531$1,628,734$4,410,200
80$7,518,226$2,389,302$1,634,166$4,731,305
81$8,234,407$2,455,700$1,638,233$5,081,695
82$9,022,043$2,523,755$1,640,839$5,464,271
83$9,888,370$2,593,498$1,641,887$5,882,229
84$10,841,364$2,664,960$1,641,270$6,339,087
85$11,889,812$2,738,172$1,638,881$6,838,722
86$13,043,394$2,813,163$1,634,605$7,385,406
87$14,312,777$2,889,965$1,628,321$7,983,840
88$15,709,715$2,968,608$1,619,904$8,639,208
89$17,247,156$3,049,121$1,609,222$9,357,218
90$18,939,371$3,131,533$1,596,136$10,144,159
91$20,802,082$3,215,872$1,580,501$11,006,961
92$22,852,612$3,302,168$1,562,166$11,953,256
93$25,110,051$3,390,446$1,540,971$12,991,455
94$27,595,432$3,480,735$1,516,750$14,130,825
95$30,331,933$3,573,058$1,489,328$15,381,576
96$33,345,094$3,667,440$1,458,523$16,754,958
97$36,663,054$3,763,906$1,424,145$18,263,365
98$40,316,824$3,862,476$1,385,992$19,920,455
99$44,340,575$3,963,172$1,343,857$21,741,278
100$48,771,958$4,066,012$1,297,521$23,742,416