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%16.1%
1 years$112,308$111,307$110,331$109,379$108,448$105,741
2 years$55,598$54,562$53,559$52,586$51,642$48,931
3 years$36,697$35,657$34,656$33,692$32,764$30,135
4 years$27,248$26,212$25,221$24,273$23,367$20,840
5 years$21,581$20,550$19,572$18,644$17,764$15,345
6 years$17,804$16,781$15,817$14,910$14,056$11,749
7 years$15,107$14,093$13,144$12,258$11,431$9,236
8 years$13,085$12,080$11,147$10,283$9,483$7,398
9 years$11,513$10,518$9,601$8,759$7,986$6,010
10 years$10,257$9,271$8,371$7,550$6,805$4,935
11 years$9,229$8,253$7,369$6,571$5,852$4,086
12 years$8,374$7,408$6,540$5,764$5,071$3,406
13 years$7,650$6,694$5,843$5,088$4,422$2,855
14 years$7,031$6,085$5,250$4,517$3,877$2,403
15 years$6,494$5,559$4,740$4,028$3,413$2,030
16 years$6,025$5,100$4,298$3,607$3,017$1,720
17 years$5,612$4,697$3,911$3,241$2,675$1,461
18 years$5,245$4,340$3,570$2,921$2,378$1,244
19 years$4,917$4,022$3,268$2,639$2,120$1,060
20 years$4,622$3,738$2,999$2,390$1,893$906
21 years$4,356$3,482$2,759$2,169$1,694$774
22 years$4,114$3,250$2,543$1,972$1,519$663
23 years$3,893$3,040$2,348$1,796$1,363$568
24 years$3,692$2,848$2,171$1,638$1,225$487
25 years$3,506$2,673$2,011$1,496$1,103$418
26 years$3,335$2,512$1,865$1,368$993$358
27 years$3,178$2,364$1,732$1,252$896$308
28 years$3,031$2,228$1,610$1,147$808$265
29 years$2,895$2,101$1,498$1,052$730$227
30 years$2,768$1,985$1,396$966$659$195
31 years$2,650$1,876$1,301$887$596$168
32 years$2,539$1,775$1,214$815$539$145
33 years$2,436$1,681$1,133$749$488$124
34 years$2,338$1,593$1,059$690$442$107
35 years$2,246$1,511$990$635$400$92
36 years$2,160$1,434$926$585$363$79
37 years$2,078$1,362$867$539$329$68
38 years$2,001$1,295$812$496$298$59
39 years$1,928$1,231$761$458$270$51
40 years$1,859$1,171$713$422$245$44
41 years$1,794$1,115$668$390$222$37
42 years$1,731$1,062$627$360$202$32
43 years$1,672$1,012$588$332$183$28
44 years$1,616$964$552$306$166$24
45 years$1,562$920$519$283$151$21
46 years$1,511$877$487$261$137$18
47 years$1,462$837$458$242$124$15
48 years$1,415$799$430$223$113$13
49 years$1,371$763$404$206$103$11
50 years$1,328$729$380$191$93$10

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 $5,769 every year, while hoping to spend $32,022 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: 78/16/6 Blend
60$1,360,000$1,360,000$1,360,000$1,360,000
61$1,504,671$1,432,591$1,411,511$1,620,797
62$1,624,076$1,468,717$1,424,725$1,733,894
63$1,754,587$1,505,539$1,437,309$1,853,133
64$1,897,304$1,543,059$1,449,207$1,982,940
65$2,053,435$1,581,276$1,460,363$2,124,353
66$2,224,315$1,620,187$1,470,713$2,278,512
67$2,411,408$1,659,790$1,480,196$2,446,674
68$2,616,333$1,700,080$1,488,743$2,630,223
69$2,840,866$1,741,052$1,496,284$2,830,683
70$3,086,969$1,782,698$1,502,744$3,049,732
71$3,356,798$1,825,008$1,508,044$3,289,220
72$3,652,732$1,867,974$1,512,104$3,551,182
73$3,977,387$1,911,581$1,514,836$3,837,862
74$4,333,647$1,955,816$1,516,150$4,151,730
75$4,724,689$2,000,660$1,515,950$4,495,508
76$5,154,011$2,046,096$1,514,138$4,872,193
77$5,625,467$2,092,102$1,510,609$5,285,088
78$6,143,302$2,138,652$1,505,252$5,737,833
79$6,712,194$2,185,721$1,497,953$6,234,434
80$7,337,295$2,233,278$1,488,591$6,779,310
81$8,024,280$2,281,290$1,477,040$7,377,324
82$8,779,403$2,329,720$1,463,167$8,033,839
83$9,609,553$2,378,527$1,446,834$8,754,760
84$10,522,319$2,427,667$1,427,895$9,546,595
85$11,526,065$2,477,091$1,406,198$10,416,514
86$12,630,002$2,526,747$1,381,585$11,372,418
87$13,844,281$2,576,578$1,353,887$12,423,012
88$15,180,087$2,626,519$1,322,931$13,577,889
89$16,649,741$2,676,503$1,288,535$14,847,616
90$18,266,821$2,726,458$1,250,506$16,243,840
91$20,046,284$2,776,302$1,208,647$17,779,395
92$22,004,615$2,825,951$1,162,746$19,468,421
93$24,159,975$2,875,311$1,112,587$21,326,499
94$26,532,374$2,924,283$1,057,940$23,370,800
95$29,143,862$2,972,759$998,567$25,620,244
96$32,018,735$3,020,624$934,219$28,095,681
97$35,183,765$3,067,754$864,634$30,820,085
98$38,668,450$3,114,015$789,540$33,818,773
99$42,505,296$3,159,265$708,653$37,119,643
100$46,730,118$3,203,351$621,675$40,753,440