Can I retire at age 61 with 1,350,000?

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$111,482$110,489$109,520$108,574$107,651$103,339
2 years$55,189$54,161$53,165$52,199$51,262$46,972
3 years$36,427$35,395$34,401$33,445$32,523$28,390
4 years$27,048$26,019$25,035$24,095$23,196$19,251
5 years$21,422$20,399$19,428$18,507$17,633$13,887
6 years$17,673$16,657$15,701$14,800$13,952$10,407
7 years$14,996$13,989$13,048$12,168$11,347$8,001
8 years$12,989$11,991$11,065$10,208$9,413$6,263
9 years$11,429$10,440$9,531$8,695$7,927$4,968
10 years$10,181$9,203$8,309$7,495$6,755$3,981
11 years$9,161$8,193$7,315$6,523$5,809$3,214
12 years$8,312$7,353$6,492$5,721$5,034$2,611
13 years$7,594$6,645$5,800$5,051$4,390$2,131
14 years$6,979$6,040$5,211$4,484$3,848$1,746
15 years$6,446$5,518$4,705$3,999$3,388$1,435
16 years$5,981$5,063$4,266$3,580$2,994$1,182
17 years$5,571$4,662$3,882$3,217$2,655$976
18 years$5,206$4,308$3,544$2,899$2,361$807
19 years$4,881$3,993$3,244$2,620$2,104$668
20 years$4,588$3,710$2,977$2,373$1,880$554
21 years$4,324$3,456$2,738$2,153$1,682$459
22 years$4,084$3,226$2,524$1,958$1,508$381
23 years$3,865$3,017$2,330$1,783$1,353$317
24 years$3,665$2,827$2,155$1,626$1,216$263
25 years$3,481$2,653$1,996$1,485$1,095$219
26 years$3,311$2,493$1,851$1,358$986$182
27 years$3,154$2,347$1,719$1,243$889$152
28 years$3,009$2,211$1,598$1,139$802$126
29 years$2,874$2,086$1,487$1,044$724$105
30 years$2,748$1,970$1,385$958$654$87
31 years$2,631$1,862$1,291$880$592$73
32 years$2,521$1,762$1,205$809$535$61
33 years$2,418$1,669$1,125$744$484$51
34 years$2,321$1,582$1,051$684$439$42
35 years$2,230$1,500$983$630$397$35
36 years$2,144$1,424$919$580$360$29
37 years$2,063$1,352$861$535$326$24
38 years$1,987$1,285$806$493$296$20
39 years$1,914$1,222$755$454$268$17
40 years$1,846$1,163$708$419$243$14
41 years$1,781$1,107$664$387$221$12
42 years$1,719$1,054$622$357$200$10
43 years$1,660$1,004$584$329$182$8
44 years$1,604$957$548$304$165$7
45 years$1,551$913$515$281$150$6
46 years$1,500$871$484$259$136$5
47 years$1,451$831$454$240$123$4
48 years$1,405$793$427$222$112$3
49 years$1,361$758$401$205$102$3
50 years$1,318$724$377$189$92$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,350,000, adding $2,419 every year, while hoping to spend $55,310 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: 34/48/18 Blend
60$1,350,000$1,350,000$1,350,000$1,350,000
61$1,490,195$1,418,645$1,397,720$1,532,520
62$1,583,346$1,429,309$1,385,694$1,574,494
63$1,684,144$1,438,642$1,371,412$1,614,423
64$1,793,311$1,446,521$1,354,739$1,656,314
65$1,911,641$1,452,812$1,335,535$1,700,372
66$2,040,006$1,457,378$1,313,653$1,746,827
67$2,179,366$1,460,069$1,288,940$1,795,934
68$2,330,776$1,460,727$1,261,234$1,847,980
69$2,495,397$1,459,184$1,230,367$1,903,285
70$2,674,506$1,455,262$1,196,162$1,962,204
71$2,869,508$1,448,772$1,158,436$2,025,134
72$3,081,950$1,439,514$1,116,996$2,092,518
73$3,313,532$1,427,275$1,071,639$2,164,849
74$3,566,130$1,411,828$1,022,156$2,242,677
75$3,841,802$1,392,934$968,325$2,326,611
76$4,142,818$1,370,341$909,917$2,417,332
77$4,471,677$1,343,779$846,691$2,515,596
78$4,831,128$1,312,963$778,394$2,622,243
79$5,224,197$1,277,593$704,765$2,738,207
80$5,654,219$1,237,349$625,528$2,864,526
81$6,124,863$1,191,893$540,397$3,002,350
82$6,640,172$1,140,868$449,073$3,152,959
83$7,204,595$1,083,896$351,243$3,317,773
84$7,823,033$1,020,577$246,579$3,498,365
85$8,500,885$950,488$134,742$3,696,481
86$9,244,095$873,181$15,375$3,914,059
87$10,059,209$788,184$0$4,153,243
88$10,953,441$694,997$0$4,437,926
89$11,934,732$593,092$0$4,753,779
90$13,011,831$481,910$0$5,100,843
91$14,194,378$360,864$0$5,482,432
92$15,492,987$229,329$0$5,902,209
93$16,919,354$86,648$0$6,364,225
94$18,486,362$0$0$6,872,958
95$20,208,204$0$0$7,469,203
96$22,100,515$0$0$8,174,988
97$24,180,521$0$0$8,950,997
98$26,467,198$0$0$9,804,337
99$28,981,455$0$0$10,742,839
100$31,746,326$0$0$11,775,129