Can I retire at age 61 with 1,360,000?

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 $1,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$112,308$111,307$110,331$109,379$108,448$104,767
2 years$55,598$54,562$53,559$52,586$51,642$47,970
3 years$36,697$35,657$34,656$33,692$32,764$29,217
4 years$27,248$26,212$25,221$24,273$23,367$19,972
5 years$21,581$20,550$19,572$18,644$17,764$14,529
6 years$17,804$16,781$15,817$14,910$14,056$10,985
7 years$15,107$14,093$13,144$12,258$11,431$8,523
8 years$13,085$12,080$11,147$10,283$9,483$6,736
9 years$11,513$10,518$9,601$8,759$7,986$5,396
10 years$10,257$9,271$8,371$7,550$6,805$4,367
11 years$9,229$8,253$7,369$6,571$5,852$3,563
12 years$8,374$7,408$6,540$5,764$5,071$2,925
13 years$7,650$6,694$5,843$5,088$4,422$2,414
14 years$7,031$6,085$5,250$4,517$3,877$2,000
15 years$6,494$5,559$4,740$4,028$3,413$1,662
16 years$6,025$5,100$4,298$3,607$3,017$1,385
17 years$5,612$4,697$3,911$3,241$2,675$1,157
18 years$5,245$4,340$3,570$2,921$2,378$968
19 years$4,917$4,022$3,268$2,639$2,120$811
20 years$4,622$3,738$2,999$2,390$1,893$681
21 years$4,356$3,482$2,759$2,169$1,694$572
22 years$4,114$3,250$2,543$1,972$1,519$481
23 years$3,893$3,040$2,348$1,796$1,363$405
24 years$3,692$2,848$2,171$1,638$1,225$341
25 years$3,506$2,673$2,011$1,496$1,103$287
26 years$3,335$2,512$1,865$1,368$993$242
27 years$3,178$2,364$1,732$1,252$896$204
28 years$3,031$2,228$1,610$1,147$808$172
29 years$2,895$2,101$1,498$1,052$730$145
30 years$2,768$1,985$1,396$966$659$122
31 years$2,650$1,876$1,301$887$596$103
32 years$2,539$1,775$1,214$815$539$87
33 years$2,436$1,681$1,133$749$488$73
34 years$2,338$1,593$1,059$690$442$62
35 years$2,246$1,511$990$635$400$52
36 years$2,160$1,434$926$585$363$44
37 years$2,078$1,362$867$539$329$37
38 years$2,001$1,295$812$496$298$32
39 years$1,928$1,231$761$458$270$27
40 years$1,859$1,171$713$422$245$22
41 years$1,794$1,115$668$390$222$19
42 years$1,731$1,062$627$360$202$16
43 years$1,672$1,012$588$332$183$14
44 years$1,616$964$552$306$166$11
45 years$1,562$920$519$283$151$10
46 years$1,511$877$487$261$137$8
47 years$1,462$837$458$242$124$7
48 years$1,415$799$430$223$113$6
49 years$1,371$763$404$206$103$5
50 years$1,328$729$380$191$93$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,360,000, adding $5,231 every year, while hoping to spend $50,584 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: 83/8/9 Blend
60$1,360,000$1,360,000$1,360,000$1,360,000
61$1,504,116$1,432,036$1,410,956$1,626,677
62$1,603,715$1,448,385$1,404,402$1,723,962
63$1,711,777$1,463,839$1,395,933$1,823,467
64$1,829,113$1,478,302$1,385,432$1,931,187
65$1,956,614$1,491,670$1,372,775$2,047,916
66$2,095,259$1,503,832$1,357,833$2,174,531
67$2,246,126$1,514,671$1,340,471$2,311,994
68$2,410,403$1,524,061$1,320,549$2,461,367
69$2,589,393$1,531,869$1,297,916$2,623,819
70$2,784,534$1,537,954$1,272,419$2,800,639
71$2,997,406$1,542,164$1,243,895$2,993,244
72$3,229,751$1,544,338$1,212,174$3,203,197
73$3,483,482$1,544,308$1,177,079$3,432,220
74$3,760,710$1,541,891$1,138,424$3,682,209
75$4,063,755$1,536,897$1,096,014$3,955,254
76$4,395,173$1,529,120$1,049,645$4,253,655
77$4,757,779$1,518,345$999,107$4,579,951
78$5,154,671$1,504,342$944,175$4,936,935
79$5,589,261$1,486,869$884,619$5,327,686
80$6,065,307$1,465,667$820,195$5,755,598
81$6,586,947$1,440,464$750,651$6,224,409
82$7,158,738$1,410,969$675,720$6,738,239
83$7,785,700$1,376,876$595,127$7,301,627
84$8,473,359$1,337,862$508,582$7,919,575
85$9,227,806$1,293,581$415,783$8,597,597
86$10,055,747$1,243,671$316,417$9,341,767
87$10,964,568$1,187,746$210,152$10,158,779
88$11,962,409$1,125,400$96,646$11,056,011
89$13,058,232$1,056,202$0$12,041,593
90$14,261,912$979,696$0$13,126,834
91$15,584,327$895,402$0$14,329,314
92$17,037,461$802,809$0$15,650,662
93$18,634,516$701,381$0$17,102,906
94$20,390,036$590,548$0$18,699,303
95$22,320,046$469,711$0$20,454,459
96$24,442,199$338,235$0$22,384,467
97$26,775,945$195,450$0$24,507,061
98$29,342,713$40,649$0$26,841,784
99$32,166,114$0$0$29,410,166
100$35,272,160$0$0$32,247,108