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

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$109,830$108,852$107,897$106,966$106,056$103,576
2 years$54,371$53,359$52,377$51,426$50,503$48,019
3 years$35,888$34,871$33,892$32,949$32,041$29,630
4 years$26,647$25,634$24,664$23,738$22,852$20,533
5 years$21,105$20,097$19,141$18,233$17,372$15,151
6 years$17,411$16,411$15,468$14,581$13,746$11,625
7 years$14,773$13,782$12,854$11,988$11,179$9,159
8 years$12,796$11,813$10,902$10,056$9,274$7,354
9 years$11,259$10,286$9,389$8,566$7,810$5,989
10 years$10,030$9,066$8,186$7,384$6,655$4,930
11 years$9,026$8,071$7,207$6,426$5,723$4,092
12 years$8,189$7,244$6,396$5,637$4,960$3,420
13 years$7,481$6,547$5,714$4,976$4,325$2,874
14 years$6,876$5,951$5,134$4,417$3,791$2,426
15 years$6,351$5,436$4,636$3,939$3,338$2,055
16 years$5,892$4,988$4,203$3,527$2,950$1,746
17 years$5,488$4,593$3,824$3,169$2,616$1,488
18 years$5,129$4,244$3,491$2,856$2,326$1,270
19 years$4,809$3,934$3,196$2,581$2,073$1,086
20 years$4,520$3,655$2,933$2,337$1,852$930
21 years$4,260$3,405$2,698$2,121$1,657$798
22 years$4,023$3,178$2,487$1,929$1,485$685
23 years$3,808$2,973$2,296$1,757$1,333$589
24 years$3,610$2,785$2,123$1,602$1,198$506
25 years$3,429$2,614$1,967$1,463$1,078$436
26 years$3,262$2,457$1,824$1,338$971$375
27 years$3,107$2,312$1,694$1,225$876$323
28 years$2,964$2,178$1,574$1,122$790$279
29 years$2,831$2,055$1,465$1,029$714$240
30 years$2,707$1,941$1,365$944$645$207
31 years$2,592$1,835$1,272$867$583$179
32 years$2,483$1,736$1,187$797$527$154
33 years$2,382$1,644$1,108$733$477$133
34 years$2,287$1,558$1,036$674$432$115
35 years$2,197$1,478$968$621$391$99
36 years$2,112$1,403$906$572$355$86
37 years$2,033$1,332$848$527$321$74
38 years$1,957$1,266$794$486$291$64
39 years$1,886$1,204$744$448$264$55
40 years$1,818$1,146$697$413$240$48
41 years$1,754$1,090$654$381$217$41
42 years$1,693$1,038$613$352$197$36
43 years$1,635$989$575$325$179$31
44 years$1,580$943$540$300$163$27
45 years$1,528$899$507$277$148$23
46 years$1,478$858$476$256$134$20
47 years$1,430$819$448$236$122$17
48 years$1,384$782$421$218$110$15
49 years$1,340$746$395$202$100$13
50 years$1,299$713$372$186$91$11

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 $2,113 every year, while hoping to spend $55,669 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: 61/17/22 Blend
60$1,330,000$1,330,000$1,330,000$1,330,000
61$1,467,840$1,397,350$1,376,735$1,548,759
62$1,558,328$1,406,588$1,363,624$1,613,038
63$1,656,180$1,414,414$1,348,208$1,676,853
64$1,762,089$1,420,699$1,330,351$1,745,257
65$1,876,815$1,425,306$1,309,911$1,818,707
66$2,001,195$1,428,091$1,286,738$1,897,706
67$2,136,150$1,428,901$1,260,677$1,982,809
68$2,282,692$1,427,571$1,231,564$2,074,630
69$2,441,934$1,423,929$1,199,229$2,173,849
70$2,615,100$1,417,791$1,163,492$2,281,215
71$2,803,538$1,408,960$1,124,166$2,397,557
72$3,008,729$1,397,230$1,081,057$2,523,790
73$3,232,307$1,382,381$1,033,959$2,660,924
74$3,476,065$1,364,180$982,660$2,810,078
75$3,741,979$1,342,381$926,934$2,972,484
76$4,032,224$1,316,721$866,550$3,149,504
77$4,349,193$1,286,923$801,262$3,342,644
78$4,695,523$1,252,694$730,816$3,553,564
79$5,074,114$1,213,723$654,946$3,784,098
80$5,488,159$1,169,682$573,373$4,036,274
81$5,941,177$1,120,222$485,806$4,312,325
82$6,437,040$1,064,975$391,943$4,614,722
83$6,980,010$1,003,552$291,466$4,946,189
84$7,574,786$935,540$184,044$5,309,735
85$8,226,537$860,504$69,332$5,708,679
86$8,940,959$777,984$0$6,146,687
87$9,724,324$687,493$0$6,640,265
88$10,583,541$588,517$0$7,199,592
89$11,526,220$480,511$0$7,813,394
90$12,560,742$362,903$0$8,487,203
91$13,696,338$235,086$0$9,227,115
92$14,943,178$96,420$0$10,039,853
93$16,312,466$0$0$10,932,824
94$17,816,541$0$0$11,924,257
95$19,468,998$0$0$13,033,422
96$21,284,814$0$0$14,252,347
97$23,280,487$0$0$15,592,123
98$25,474,194$0$0$17,064,966
99$27,885,961$0$0$18,684,337
100$30,537,850$0$0$20,465,063