Can I retire at age 61 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$113,959$112,944$111,954$110,987$110,043$108,758
2 years$56,415$55,365$54,346$53,359$52,401$51,108
3 years$37,237$36,181$35,166$34,188$33,246$31,984
4 years$27,649$26,597$25,592$24,630$23,711$22,491
5 years$21,898$20,853$19,860$18,918$18,025$16,850
6 years$18,065$17,028$16,050$15,129$14,262$13,134
7 years$15,329$14,300$13,338$12,439$11,599$10,517
8 years$13,277$12,258$11,311$10,434$9,623$8,588
9 years$11,683$10,672$9,742$8,888$8,104$7,115
10 years$10,407$9,407$8,494$7,661$6,905$5,962
11 years$9,365$8,375$7,478$6,668$5,938$5,041
12 years$8,497$7,517$6,636$5,848$5,146$4,292
13 years$7,763$6,793$5,929$5,163$4,487$3,676
14 years$7,134$6,175$5,327$4,583$3,934$3,164
15 years$6,590$5,641$4,810$4,088$3,463$2,735
16 years$6,114$5,175$4,361$3,660$3,061$2,372
17 years$5,695$4,766$3,968$3,288$2,714$2,063
18 years$5,322$4,404$3,622$2,964$2,413$1,798
19 years$4,989$4,082$3,316$2,678$2,151$1,571
20 years$4,690$3,793$3,043$2,425$1,921$1,375
21 years$4,420$3,533$2,799$2,201$1,719$1,206
22 years$4,174$3,298$2,580$2,001$1,541$1,059
23 years$3,951$3,084$2,382$1,823$1,383$930
24 years$3,746$2,890$2,203$1,662$1,243$819
25 years$3,558$2,712$2,041$1,518$1,119$721
26 years$3,384$2,549$1,893$1,388$1,008$635
27 years$3,224$2,399$1,757$1,271$909$560
28 years$3,076$2,260$1,634$1,164$820$495
29 years$2,938$2,132$1,520$1,068$740$437
30 years$2,809$2,014$1,416$980$669$386
31 years$2,689$1,904$1,320$900$605$341
32 years$2,577$1,801$1,232$827$547$301
33 years$2,471$1,706$1,150$760$495$267
34 years$2,372$1,617$1,075$700$448$236
35 years$2,279$1,533$1,005$644$406$209
36 years$2,192$1,455$940$593$368$185
37 years$2,109$1,382$880$547$333$163
38 years$2,031$1,314$824$504$302$145
39 years$1,957$1,249$772$464$274$128
40 years$1,887$1,189$723$428$249$113
41 years$1,820$1,131$678$395$226$100
42 years$1,757$1,078$636$365$205$89
43 years$1,697$1,027$597$337$186$79
44 years$1,640$979$560$311$169$70
45 years$1,585$933$526$287$153$62
46 years$1,533$890$494$265$139$55
47 years$1,484$850$464$245$126$49
48 years$1,436$811$436$226$115$43
49 years$1,391$774$410$209$104$38
50 years$1,347$740$386$193$95$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,380,000, adding $4,001 every year, while hoping to spend $45,331 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: 30/45/25 Blend
60$1,380,000$1,380,000$1,380,000$1,380,000
61$1,524,887$1,451,747$1,430,357$1,558,741
62$1,632,194$1,474,651$1,430,042$1,608,143
63$1,748,926$1,497,158$1,428,197$1,656,975
64$1,875,998$1,519,200$1,424,724$1,708,588
65$2,014,416$1,540,706$1,419,517$1,763,254
66$2,165,284$1,561,598$1,412,469$1,821,274
67$2,329,820$1,581,794$1,403,464$1,882,982
68$2,509,366$1,601,206$1,392,384$1,948,748
69$2,705,394$1,619,739$1,379,102$2,018,984
70$2,919,531$1,637,292$1,363,488$2,094,144
71$3,153,561$1,653,758$1,345,404$2,174,733
72$3,409,455$1,669,022$1,324,705$2,261,312
73$3,689,378$1,682,963$1,301,241$2,354,499
74$3,995,716$1,695,449$1,274,854$2,454,981
75$4,331,096$1,706,344$1,245,379$2,563,520
76$4,698,411$1,715,498$1,212,643$2,680,956
77$5,100,847$1,722,755$1,176,464$2,808,223
78$5,541,913$1,727,949$1,136,655$2,946,352
79$6,025,471$1,730,902$1,093,016$3,096,488
80$6,555,778$1,731,425$1,045,341$3,259,893
81$7,137,522$1,729,319$993,414$3,437,969
82$7,775,864$1,724,371$937,009$3,632,263
83$8,476,493$1,716,356$875,889$3,844,487
84$9,245,671$1,705,033$809,807$4,076,537
85$10,090,300$1,690,150$738,506$4,330,507
86$11,017,980$1,671,437$661,716$4,608,713
87$12,037,086$1,648,609$579,155$4,913,717
88$13,156,841$1,621,364$490,529$5,248,349
89$14,387,409$1,589,380$395,532$5,615,740
90$15,739,984$1,552,320$293,842$6,019,347
91$17,226,902$1,509,822$185,124$6,462,992
92$18,861,750$1,461,508$69,031$6,950,898
93$20,659,501$1,406,974$0$7,487,731
94$22,636,648$1,345,794$0$8,093,279
95$24,811,366$1,277,518$0$8,779,202
96$27,203,677$1,201,668$0$9,533,460
97$29,835,643$1,117,740$0$10,363,109
98$32,731,570$1,025,202$0$11,275,932
99$35,918,242$923,488$0$12,280,517
100$39,425,169$812,005$0$13,386,336