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

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 $1,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$111,482$110,489$109,520$108,574$107,651$104,498
2 years$55,189$54,161$53,165$52,199$51,262$48,111
3 years$36,427$35,395$34,401$33,445$32,523$29,473
4 years$27,048$26,019$25,035$24,095$23,196$20,270
5 years$21,422$20,399$19,428$18,507$17,633$14,839
6 years$17,673$16,657$15,701$14,800$13,952$11,293
7 years$14,996$13,989$13,048$12,168$11,347$8,822
8 years$12,989$11,991$11,065$10,208$9,413$7,022
9 years$11,429$10,440$9,531$8,695$7,927$5,666
10 years$10,181$9,203$8,309$7,495$6,755$4,621
11 years$9,161$8,193$7,315$6,523$5,809$3,799
12 years$8,312$7,353$6,492$5,721$5,034$3,144
13 years$7,594$6,645$5,800$5,051$4,390$2,616
14 years$6,979$6,040$5,211$4,484$3,848$2,185
15 years$6,446$5,518$4,705$3,999$3,388$1,832
16 years$5,981$5,063$4,266$3,580$2,994$1,540
17 years$5,571$4,662$3,882$3,217$2,655$1,298
18 years$5,206$4,308$3,544$2,899$2,361$1,096
19 years$4,881$3,993$3,244$2,620$2,104$926
20 years$4,588$3,710$2,977$2,373$1,880$785
21 years$4,324$3,456$2,738$2,153$1,682$665
22 years$4,084$3,226$2,524$1,958$1,508$564
23 years$3,865$3,017$2,330$1,783$1,353$479
24 years$3,665$2,827$2,155$1,626$1,216$407
25 years$3,481$2,653$1,996$1,485$1,095$347
26 years$3,311$2,493$1,851$1,358$986$295
27 years$3,154$2,347$1,719$1,243$889$251
28 years$3,009$2,211$1,598$1,139$802$214
29 years$2,874$2,086$1,487$1,044$724$182
30 years$2,748$1,970$1,385$958$654$155
31 years$2,631$1,862$1,291$880$592$132
32 years$2,521$1,762$1,205$809$535$113
33 years$2,418$1,669$1,125$744$484$96
34 years$2,321$1,582$1,051$684$439$82
35 years$2,230$1,500$983$630$397$70
36 years$2,144$1,424$919$580$360$60
37 years$2,063$1,352$861$535$326$51
38 years$1,987$1,285$806$493$296$43
39 years$1,914$1,222$755$454$268$37
40 years$1,846$1,163$708$419$243$31
41 years$1,781$1,107$664$387$221$27
42 years$1,719$1,054$622$357$200$23
43 years$1,660$1,004$584$329$182$20
44 years$1,604$957$548$304$165$17
45 years$1,551$913$515$281$150$14
46 years$1,500$871$484$259$136$12
47 years$1,451$831$454$240$123$10
48 years$1,405$793$427$222$112$9
49 years$1,361$758$401$205$102$8
50 years$1,318$724$377$189$92$6

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 $3,740 every year, while hoping to spend $52,573 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: 51/44/5 Blend
60$1,350,000$1,350,000$1,350,000$1,350,000
61$1,491,558$1,420,008$1,399,083$1,565,711
62$1,587,759$1,433,651$1,390,015$1,630,107
63$1,692,012$1,446,201$1,378,881$1,694,049
64$1,805,080$1,457,548$1,365,557$1,762,281
65$1,927,807$1,467,576$1,349,911$1,835,217
66$2,061,117$1,476,162$1,331,808$1,913,313
67$2,206,031$1,483,173$1,311,103$1,997,074
68$2,363,669$1,488,471$1,287,647$2,087,057
69$2,535,263$1,491,906$1,261,283$2,183,879
70$2,722,170$1,493,320$1,231,847$2,288,221
71$2,925,884$1,492,545$1,199,166$2,400,836
72$3,148,047$1,489,403$1,163,061$2,522,555
73$3,390,468$1,483,704$1,123,344$2,654,299
74$3,655,137$1,475,247$1,079,818$2,797,083
75$3,944,247$1,463,820$1,032,277$2,952,029
76$4,260,208$1,449,195$980,507$3,120,379
77$4,605,678$1,431,134$924,282$3,303,503
78$4,983,580$1,409,382$863,368$3,502,915
79$5,397,133$1,383,670$797,520$3,720,288
80$5,849,884$1,353,713$726,480$3,957,469
81$6,345,736$1,319,209$649,980$4,216,501
82$6,888,988$1,279,837$567,742$4,499,637
83$7,484,376$1,235,261$479,473$4,809,367
84$8,137,114$1,185,120$384,866$5,148,441
85$8,852,945$1,129,036$283,605$5,519,896
86$9,638,195$1,066,608$175,355$5,927,085
87$10,499,831$997,412$59,770$6,373,710
88$11,445,528$921,000$0$6,863,859
89$12,483,740$836,897$0$7,405,437
90$13,623,779$744,602$0$8,003,658
91$14,875,902$643,585$0$8,660,850
92$16,251,411$533,288$0$9,383,107
93$17,762,754$413,118$0$10,177,151
94$19,423,645$282,451$0$11,050,403
95$21,249,194$140,628$0$12,011,050
96$23,256,045$0$0$13,068,126
97$25,462,537$0$0$14,237,915
98$27,888,874$0$0$15,599,280
99$30,557,316$0$0$17,096,641
100$33,492,388$0$0$18,743,779