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%11.4%
1 years$112,308$111,307$110,331$109,379$108,448$107,810
2 years$55,598$54,562$53,559$52,586$51,642$50,998
3 years$36,697$35,657$34,656$33,692$32,764$32,134
4 years$27,248$26,212$25,221$24,273$23,367$22,757
5 years$21,581$20,550$19,572$18,644$17,764$17,174
6 years$17,804$16,781$15,817$14,910$14,056$13,488
7 years$15,107$14,093$13,144$12,258$11,431$10,885
8 years$13,085$12,080$11,147$10,283$9,483$8,959
9 years$11,513$10,518$9,601$8,759$7,986$7,484
10 years$10,257$9,271$8,371$7,550$6,805$6,324
11 years$9,229$8,253$7,369$6,571$5,852$5,393
12 years$8,374$7,408$6,540$5,764$5,071$4,633
13 years$7,650$6,694$5,843$5,088$4,422$4,004
14 years$7,031$6,085$5,250$4,517$3,877$3,479
15 years$6,494$5,559$4,740$4,028$3,413$3,035
16 years$6,025$5,100$4,298$3,607$3,017$2,657
17 years$5,612$4,697$3,911$3,241$2,675$2,334
18 years$5,245$4,340$3,570$2,921$2,378$2,055
19 years$4,917$4,022$3,268$2,639$2,120$1,814
20 years$4,622$3,738$2,999$2,390$1,893$1,604
21 years$4,356$3,482$2,759$2,169$1,694$1,421
22 years$4,114$3,250$2,543$1,972$1,519$1,260
23 years$3,893$3,040$2,348$1,796$1,363$1,120
24 years$3,692$2,848$2,171$1,638$1,225$996
25 years$3,506$2,673$2,011$1,496$1,103$887
26 years$3,335$2,512$1,865$1,368$993$790
27 years$3,178$2,364$1,732$1,252$896$704
28 years$3,031$2,228$1,610$1,147$808$629
29 years$2,895$2,101$1,498$1,052$730$561
30 years$2,768$1,985$1,396$966$659$502
31 years$2,650$1,876$1,301$887$596$448
32 years$2,539$1,775$1,214$815$539$401
33 years$2,436$1,681$1,133$749$488$359
34 years$2,338$1,593$1,059$690$442$321
35 years$2,246$1,511$990$635$400$287
36 years$2,160$1,434$926$585$363$257
37 years$2,078$1,362$867$539$329$231
38 years$2,001$1,295$812$496$298$207
39 years$1,928$1,231$761$458$270$185
40 years$1,859$1,171$713$422$245$166
41 years$1,794$1,115$668$390$222$149
42 years$1,731$1,062$627$360$202$133
43 years$1,672$1,012$588$332$183$120
44 years$1,616$964$552$306$166$107
45 years$1,562$920$519$283$151$96
46 years$1,511$877$487$261$137$86
47 years$1,462$837$458$242$124$77
48 years$1,415$799$430$223$113$69
49 years$1,371$763$404$206$103$62
50 years$1,328$729$380$191$93$56

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 $2,107 every year, while hoping to spend $21,429 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: 44/32/24 Blend
60$1,360,000$1,360,000$1,360,000$1,360,000
61$1,500,893$1,428,813$1,407,733$1,556,402
62$1,631,184$1,476,025$1,432,092$1,643,181
63$1,774,046$1,524,832$1,456,549$1,734,951
64$1,930,740$1,575,289$1,481,084$1,834,002
65$2,102,652$1,627,455$1,505,677$1,941,022
66$2,291,311$1,681,388$1,530,305$2,056,767
67$2,498,399$1,737,151$1,554,945$2,182,066
68$2,725,773$1,794,808$1,579,573$2,317,835
69$2,975,473$1,854,425$1,604,160$2,465,080
70$3,249,750$1,916,071$1,628,678$2,624,908
71$3,551,083$1,979,817$1,653,097$2,798,536
72$3,882,203$2,045,738$1,677,385$2,987,307
73$4,246,118$2,113,909$1,701,508$3,192,696
74$4,646,141$2,184,410$1,725,428$3,416,328
75$5,085,925$2,257,323$1,749,107$3,659,991
76$5,569,492$2,332,735$1,772,505$3,925,654
77$6,101,274$2,410,733$1,795,578$4,215,486
78$6,686,155$2,491,409$1,818,280$4,531,874
79$7,329,513$2,574,859$1,840,563$4,877,446
80$8,037,277$2,661,181$1,862,375$5,255,097
81$8,815,978$2,750,477$1,883,664$5,668,015
82$9,672,812$2,842,854$1,904,370$6,119,711
83$10,615,707$2,938,423$1,924,435$6,614,051
84$11,653,400$3,037,297$1,943,795$7,155,294
85$12,795,517$3,139,594$1,962,382$7,748,130
86$14,052,664$3,245,439$1,980,126$8,397,728
87$15,436,528$3,354,958$1,996,953$9,109,776
88$16,959,987$3,468,283$2,012,784$9,890,546
89$18,637,230$3,585,554$2,027,536$10,746,943
90$20,483,893$3,706,911$2,041,124$11,686,574
91$22,517,204$3,832,503$2,053,455$12,717,820
92$24,756,146$3,962,484$2,064,434$13,849,915
93$27,221,640$4,097,013$2,073,960$15,093,030
94$29,936,736$4,236,255$2,081,926$16,458,371
95$32,926,834$4,380,382$2,088,221$17,958,285
96$36,219,924$4,529,573$2,092,729$19,606,374
97$39,846,847$4,684,013$2,095,326$21,417,624
98$43,841,589$4,843,894$2,095,884$23,408,548
99$48,241,602$5,009,415$2,094,267$25,597,338
100$53,088,153$5,180,785$2,090,333$28,004,038