Can I retire at age 61 with 1,390,000?

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 $1,390,000?

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$114,785$113,762$112,765$111,791$110,841$108,073
2 years$56,824$55,766$54,740$53,746$52,781$50,011
3 years$37,507$36,444$35,421$34,435$33,487$30,800
4 years$27,850$26,790$25,777$24,809$23,883$21,300
5 years$22,057$21,004$20,004$19,056$18,155$15,684
6 years$18,196$17,151$16,166$15,239$14,366$12,008
7 years$15,440$14,403$13,434$12,529$11,683$9,439
8 years$13,374$12,346$11,393$10,510$9,692$7,562
9 years$11,767$10,750$9,813$8,952$8,162$6,143
10 years$10,483$9,475$8,555$7,717$6,955$5,044
11 years$9,433$8,435$7,532$6,716$5,981$4,177
12 years$8,558$7,571$6,684$5,891$5,183$3,482
13 years$7,819$6,842$5,972$5,201$4,520$2,918
14 years$7,186$6,219$5,366$4,617$3,962$2,456
15 years$6,637$5,681$4,845$4,117$3,489$2,075
16 years$6,158$5,213$4,392$3,687$3,083$1,758
17 years$5,736$4,801$3,997$3,312$2,734$1,493
18 years$5,361$4,436$3,649$2,985$2,431$1,271
19 years$5,025$4,111$3,340$2,697$2,167$1,084
20 years$4,724$3,820$3,065$2,443$1,935$926
21 years$4,452$3,559$2,820$2,217$1,732$791
22 years$4,205$3,322$2,599$2,016$1,552$677
23 years$3,979$3,107$2,399$1,836$1,393$580
24 years$3,773$2,911$2,219$1,674$1,252$498
25 years$3,584$2,732$2,055$1,529$1,127$427
26 years$3,409$2,567$1,906$1,398$1,015$366
27 years$3,248$2,416$1,770$1,280$915$315
28 years$3,098$2,277$1,646$1,173$826$270
29 years$2,959$2,148$1,531$1,075$746$232
30 years$2,829$2,028$1,426$987$674$200
31 years$2,709$1,918$1,330$906$609$172
32 years$2,595$1,814$1,241$833$551$148
33 years$2,489$1,718$1,158$766$499$127
34 years$2,390$1,628$1,082$705$452$109
35 years$2,296$1,545$1,012$649$409$94
36 years$2,208$1,466$947$597$371$81
37 years$2,124$1,392$886$551$336$70
38 years$2,046$1,323$830$507$304$60
39 years$1,971$1,258$777$468$276$52
40 years$1,900$1,197$729$432$250$45
41 years$1,833$1,140$683$398$227$38
42 years$1,770$1,085$641$367$206$33
43 years$1,709$1,034$601$339$187$28
44 years$1,652$986$565$313$170$24
45 years$1,597$940$530$289$154$21
46 years$1,544$897$498$267$140$18
47 years$1,494$856$468$247$127$16
48 years$1,447$817$440$228$115$13
49 years$1,401$780$413$211$105$12
50 years$1,357$745$388$195$95$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,390,000, adding $2,773 every year, while hoping to spend $41,970 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: 70/23/7 Blend
60$1,390,000$1,390,000$1,390,000$1,390,000
61$1,534,640$1,460,970$1,439,425$1,640,202
62$1,646,518$1,487,902$1,442,990$1,737,300
63$1,768,400$1,514,747$1,445,268$1,838,081
64$1,901,264$1,541,456$1,446,171$1,947,205
65$2,046,183$1,567,977$1,445,608$2,065,480
66$2,204,339$1,594,254$1,443,482$2,193,800
67$2,377,036$1,620,227$1,439,692$2,333,145
68$2,565,704$1,645,829$1,434,133$2,484,599
69$2,771,923$1,670,991$1,426,693$2,649,352
70$2,997,428$1,695,639$1,417,256$2,828,720
71$3,244,132$1,719,691$1,405,701$3,024,148
72$3,514,140$1,743,063$1,391,898$3,237,230
73$3,809,771$1,765,661$1,375,715$3,469,725
74$4,133,578$1,787,389$1,357,012$3,723,566
75$4,488,372$1,808,140$1,335,641$4,000,888
76$4,877,249$1,827,803$1,311,449$4,304,042
77$5,303,621$1,846,257$1,284,275$4,635,616
78$5,771,243$1,863,377$1,253,950$4,998,467
79$6,284,252$1,879,024$1,220,300$5,395,739
80$6,847,205$1,893,055$1,183,139$5,830,900
81$7,465,120$1,905,315$1,142,274$6,307,771
82$8,143,527$1,915,641$1,097,506$6,830,562
83$8,888,516$1,923,856$1,048,621$7,403,914
84$9,706,796$1,929,776$995,401$8,032,943
85$10,605,758$1,933,204$937,615$8,723,285
86$11,593,542$1,933,928$875,023$9,481,153
87$12,679,120$1,931,727$807,373$10,313,394
88$13,872,373$1,926,364$734,402$11,227,555
89$15,184,186$1,917,588$655,836$12,231,955
90$16,626,555$1,905,131$571,388$13,335,760
91$18,212,693$1,888,712$480,760$14,549,074
92$19,957,160$1,868,031$383,637$15,883,033
93$21,875,995$1,842,770$279,694$17,349,912
94$23,986,873$1,812,591$168,590$18,963,236
95$26,309,265$1,777,140$49,969$20,737,917
96$28,864,627$1,736,036$0$22,690,387
97$31,676,598$1,688,881$0$24,844,479
98$34,771,225$1,635,250$0$27,218,788
99$38,177,208$1,574,695$0$29,831,607
100$41,926,169$1,506,742$0$32,707,217