Can I retire at age 61 with 1,370,000?

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 $1,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$113,133$112,126$111,142$110,183$109,246$107,392
2 years$56,007$54,964$53,953$52,972$52,022$50,160
3 years$36,967$35,919$34,911$33,940$33,005$31,192
4 years$27,449$26,404$25,406$24,452$23,539$21,791
5 years$21,740$20,701$19,716$18,781$17,894$16,214
6 years$17,935$16,904$15,934$15,020$14,159$12,550
7 years$15,218$14,196$13,241$12,348$11,515$9,977
8 years$13,181$12,169$11,229$10,359$9,553$8,086
9 years$11,598$10,595$9,672$8,823$8,045$6,648
10 years$10,332$9,339$8,432$7,606$6,855$5,527
11 years$9,297$8,314$7,424$6,619$5,895$4,635
12 years$8,435$7,462$6,588$5,806$5,109$3,914
13 years$7,706$6,744$5,886$5,126$4,455$3,324
14 years$7,082$6,130$5,289$4,550$3,905$2,836
15 years$6,542$5,600$4,775$4,058$3,438$2,430
16 years$6,070$5,138$4,329$3,633$3,039$2,088
17 years$5,653$4,732$3,939$3,265$2,694$1,799
18 years$5,284$4,372$3,596$2,942$2,396$1,554
19 years$4,953$4,052$3,292$2,658$2,135$1,345
20 years$4,656$3,765$3,021$2,408$1,907$1,166
21 years$4,388$3,507$2,779$2,185$1,707$1,012
22 years$4,144$3,274$2,561$1,987$1,530$880
23 years$3,922$3,062$2,365$1,809$1,373$766
24 years$3,719$2,869$2,187$1,650$1,234$667
25 years$3,532$2,692$2,026$1,507$1,111$581
26 years$3,360$2,530$1,879$1,378$1,001$507
27 years$3,201$2,381$1,745$1,261$902$443
28 years$3,053$2,244$1,622$1,156$814$386
29 years$2,916$2,117$1,509$1,060$735$338
30 years$2,789$1,999$1,406$973$664$295
31 years$2,670$1,890$1,311$893$600$258
32 years$2,558$1,788$1,223$821$543$226
33 years$2,453$1,693$1,142$755$492$197
34 years$2,355$1,605$1,067$695$445$173
35 years$2,263$1,522$997$639$403$151
36 years$2,176$1,445$933$589$365$132
37 years$2,094$1,372$873$543$331$116
38 years$2,016$1,304$818$500$300$101
39 years$1,943$1,240$766$461$272$89
40 years$1,873$1,180$718$425$247$78
41 years$1,807$1,123$673$392$224$68
42 years$1,744$1,070$632$362$203$60
43 years$1,685$1,019$593$334$184$52
44 years$1,628$972$556$309$167$46
45 years$1,574$926$522$285$152$40
46 years$1,522$884$491$263$138$35
47 years$1,473$843$461$243$125$31
48 years$1,426$805$433$225$114$27
49 years$1,381$769$407$208$103$24
50 years$1,338$734$383$192$94$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,370,000, adding $4,121 every year, while hoping to spend $42,334 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: 71/11/18 Blend
60$1,370,000$1,370,000$1,370,000$1,370,000
61$1,513,991$1,441,381$1,420,146$1,614,731
62$1,623,375$1,466,965$1,422,678$1,707,871
63$1,742,497$1,492,385$1,423,875$1,804,350
64$1,872,306$1,517,586$1,423,650$1,908,904
65$2,013,847$1,542,513$1,421,907$2,022,326
66$2,168,267$1,567,104$1,418,549$2,145,491
67$2,336,831$1,591,293$1,413,471$2,279,361
68$2,520,933$1,615,011$1,406,567$2,424,997
69$2,722,103$1,638,182$1,397,723$2,583,568
70$2,942,030$1,660,726$1,386,819$2,756,364
71$3,182,572$1,682,556$1,373,732$2,944,806
72$3,445,773$1,703,579$1,358,330$3,150,457
73$3,733,885$1,723,698$1,340,478$3,375,045
74$4,049,390$1,742,808$1,320,032$3,620,471
75$4,395,017$1,760,795$1,296,843$3,888,830
76$4,773,774$1,777,540$1,270,753$4,182,435
77$5,188,975$1,792,915$1,241,599$4,503,830
78$5,644,267$1,806,784$1,209,209$4,855,824
79$6,143,668$1,819,003$1,173,403$5,241,510
80$6,691,604$1,829,416$1,133,994$5,664,298
81$7,292,950$1,837,859$1,090,786$6,127,947
82$7,953,076$1,844,159$1,043,572$6,636,601
83$8,677,896$1,848,129$992,138$7,194,826
84$9,473,927$1,849,573$936,259$7,807,656
85$10,348,345$1,848,280$875,702$8,480,639
86$11,309,058$1,844,028$810,220$9,219,891
87$12,364,778$1,836,581$739,558$10,032,152
88$13,525,100$1,825,688$663,448$10,924,854
89$14,800,597$1,811,083$581,610$11,906,186
90$16,202,917$1,792,485$493,753$12,985,173
91$17,744,892$1,769,595$399,571$14,171,767
92$19,440,661$1,742,095$298,747$15,476,933
93$21,305,800$1,709,649$190,947$16,912,760
94$23,357,473$1,671,904$75,825$18,492,569
95$25,614,589$1,628,480$0$20,231,046
96$28,097,982$1,578,981$0$22,153,409
97$30,830,608$1,522,983$0$24,284,593
98$33,837,762$1,460,040$0$26,629,757
99$37,147,311$1,389,680$0$29,210,653
100$40,789,965$1,311,402$0$32,051,249