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%12.4%
1 years$112,308$111,307$110,331$109,379$108,448$107,360
2 years$55,598$54,562$53,559$52,586$51,642$50,546
3 years$36,697$35,657$34,656$33,692$32,764$31,694
4 years$27,248$26,212$25,221$24,273$23,367$22,332
5 years$21,581$20,550$19,572$18,644$17,764$16,766
6 years$17,804$16,781$15,817$14,910$14,056$13,097
7 years$15,107$14,093$13,144$12,258$11,431$10,511
8 years$13,085$12,080$11,147$10,283$9,483$8,602
9 years$11,513$10,518$9,601$8,759$7,986$7,144
10 years$10,257$9,271$8,371$7,550$6,805$6,001
11 years$9,229$8,253$7,369$6,571$5,852$5,086
12 years$8,374$7,408$6,540$5,764$5,071$4,342
13 years$7,650$6,694$5,843$5,088$4,422$3,729
14 years$7,031$6,085$5,250$4,517$3,877$3,218
15 years$6,494$5,559$4,740$4,028$3,413$2,788
16 years$6,025$5,100$4,298$3,607$3,017$2,425
17 years$5,612$4,697$3,911$3,241$2,675$2,115
18 years$5,245$4,340$3,570$2,921$2,378$1,849
19 years$4,917$4,022$3,268$2,639$2,120$1,620
20 years$4,622$3,738$2,999$2,390$1,893$1,422
21 years$4,356$3,482$2,759$2,169$1,694$1,251
22 years$4,114$3,250$2,543$1,972$1,519$1,101
23 years$3,893$3,040$2,348$1,796$1,363$971
24 years$3,692$2,848$2,171$1,638$1,225$857
25 years$3,506$2,673$2,011$1,496$1,103$757
26 years$3,335$2,512$1,865$1,368$993$669
27 years$3,178$2,364$1,732$1,252$896$592
28 years$3,031$2,228$1,610$1,147$808$524
29 years$2,895$2,101$1,498$1,052$730$464
30 years$2,768$1,985$1,396$966$659$412
31 years$2,650$1,876$1,301$887$596$365
32 years$2,539$1,775$1,214$815$539$324
33 years$2,436$1,681$1,133$749$488$287
34 years$2,338$1,593$1,059$690$442$255
35 years$2,246$1,511$990$635$400$226
36 years$2,160$1,434$926$585$363$201
37 years$2,078$1,362$867$539$329$179
38 years$2,001$1,295$812$496$298$159
39 years$1,928$1,231$761$458$270$141
40 years$1,859$1,171$713$422$245$125
41 years$1,794$1,115$668$390$222$111
42 years$1,731$1,062$627$360$202$99
43 years$1,672$1,012$588$332$183$88
44 years$1,616$964$552$306$166$78
45 years$1,562$920$519$283$151$70
46 years$1,511$877$487$261$137$62
47 years$1,462$837$458$242$124$55
48 years$1,415$799$430$223$113$49
49 years$1,371$763$404$206$103$43
50 years$1,328$729$380$191$93$39

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 $5,326 every year, while hoping to spend $48,403 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: 59/21/20 Blend
60$1,360,000$1,360,000$1,360,000$1,360,000
61$1,504,214$1,432,134$1,411,054$1,584,735
62$1,606,143$1,450,808$1,406,824$1,658,645
63$1,716,847$1,468,775$1,400,830$1,733,467
64$1,837,169$1,485,949$1,392,961$1,813,984
65$1,968,039$1,502,238$1,383,103$1,900,757
66$2,110,476$1,517,545$1,371,135$1,994,402
67$2,265,605$1,531,766$1,356,929$2,095,602
68$2,434,664$1,544,789$1,340,352$2,205,109
69$2,619,012$1,556,496$1,321,267$2,323,753
70$2,820,148$1,566,761$1,299,526$2,452,451
71$3,039,721$1,575,450$1,274,978$2,592,213
72$3,279,545$1,582,420$1,247,463$2,744,156
73$3,541,620$1,587,520$1,216,814$2,909,511
74$3,828,145$1,590,588$1,182,856$3,089,636
75$4,141,541$1,591,452$1,145,407$3,286,032
76$4,484,476$1,589,931$1,104,276$3,500,351
77$4,859,885$1,585,831$1,059,263$3,734,421
78$5,271,004$1,578,947$1,010,158$3,990,255
79$5,721,392$1,569,060$956,744$4,270,075
80$6,214,971$1,555,941$898,792$4,576,334
81$6,756,060$1,539,345$836,063$4,911,736
82$7,349,415$1,519,010$768,309$5,279,265
83$8,000,277$1,494,662$695,268$5,682,214
84$8,714,414$1,466,010$616,669$6,124,214
85$9,498,185$1,432,745$532,228$6,609,271
86$10,358,589$1,394,538$441,647$7,141,804
87$11,303,339$1,351,045$344,616$7,726,688
88$12,340,931$1,301,898$240,812$8,369,299
89$13,480,725$1,246,710$129,898$9,075,567
90$14,733,029$1,185,069$11,520$9,852,032
91$16,109,202$1,116,542$0$10,705,907
92$17,621,758$1,040,669$0$11,669,649
93$19,284,480$956,965$0$12,731,746
94$21,112,558$864,916$0$13,899,498
95$23,122,722$763,981$0$15,183,665
96$25,333,409$653,586$0$16,596,106
97$27,764,930$533,124$0$18,149,892
98$30,439,662$401,956$0$19,859,432
99$33,382,262$259,407$0$21,740,608
100$36,619,897$104,761$0$23,810,925