Can I retire at age 61 with 1,400,000?

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 $1,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$115,611$114,581$113,576$112,596$111,638$110,703
2 years$57,233$56,167$55,134$54,132$53,161$52,218
3 years$37,776$36,706$35,675$34,683$33,727$32,807
4 years$28,050$26,983$25,963$24,987$24,055$23,163
5 years$22,216$21,155$20,148$19,193$18,286$17,426
6 years$18,327$17,274$16,283$15,349$14,469$13,641
7 years$15,551$14,507$13,531$12,619$11,767$10,973
8 years$13,470$12,435$11,475$10,586$9,762$9,000
9 years$11,852$10,827$9,884$9,017$8,221$7,492
10 years$10,558$9,544$8,617$7,772$7,005$6,308
11 years$9,501$8,496$7,586$6,764$6,024$5,360
12 years$8,620$7,626$6,732$5,933$5,221$4,587
13 years$7,875$6,891$6,015$5,238$4,552$3,950
14 years$7,237$6,264$5,405$4,650$3,991$3,418
15 years$6,685$5,722$4,880$4,147$3,514$2,970
16 years$6,203$5,250$4,424$3,713$3,105$2,589
17 years$5,777$4,835$4,026$3,336$2,753$2,265
18 years$5,399$4,468$3,675$3,007$2,448$1,986
19 years$5,062$4,141$3,364$2,717$2,182$1,745
20 years$4,758$3,848$3,088$2,460$1,949$1,536
21 years$4,484$3,584$2,840$2,233$1,744$1,355
22 years$4,235$3,346$2,617$2,030$1,563$1,197
23 years$4,008$3,129$2,417$1,849$1,403$1,058
24 years$3,800$2,932$2,235$1,686$1,261$937
25 years$3,609$2,751$2,070$1,540$1,135$830
26 years$3,434$2,586$1,920$1,408$1,022$736
27 years$3,271$2,434$1,783$1,289$922$654
28 years$3,120$2,293$1,657$1,181$832$581
29 years$2,980$2,163$1,542$1,083$751$516
30 years$2,850$2,043$1,437$994$679$459
31 years$2,728$1,931$1,339$913$614$408
32 years$2,614$1,827$1,250$839$555$363
33 years$2,507$1,731$1,167$771$502$323
34 years$2,407$1,640$1,090$710$455$288
35 years$2,312$1,556$1,019$653$412$256
36 years$2,224$1,477$953$602$373$229
37 years$2,140$1,402$892$554$338$204
38 years$2,060$1,333$836$511$307$182
39 years$1,985$1,267$783$471$278$162
40 years$1,914$1,206$734$435$252$144
41 years$1,847$1,148$688$401$229$129
42 years$1,782$1,093$646$370$208$115
43 years$1,721$1,042$606$342$188$102
44 years$1,663$993$569$315$171$91
45 years$1,608$947$534$291$155$82
46 years$1,555$903$501$269$141$73
47 years$1,505$862$471$249$128$65
48 years$1,457$823$443$230$116$58
49 years$1,411$786$416$212$106$52
50 years$1,367$751$391$196$96$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,400,000, adding $2,652 every year, while hoping to spend $53,057 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: 80/14/6 Blend
60$1,400,000$1,400,000$1,400,000$1,400,000
61$1,545,536$1,471,336$1,449,636$1,668,269
62$1,646,728$1,486,979$1,441,746$1,764,643
63$1,756,464$1,501,610$1,431,814$1,863,080
64$1,875,558$1,515,124$1,419,715$1,969,474
65$2,004,908$1,527,409$1,405,319$2,084,592
66$2,145,501$1,538,343$1,388,489$2,209,276
67$2,298,420$1,547,801$1,369,081$2,344,458
68$2,464,861$1,555,645$1,346,948$2,491,159
69$2,646,137$1,561,731$1,321,930$2,650,509
70$2,843,693$1,565,907$1,293,866$2,823,747
71$3,059,122$1,568,008$1,262,582$3,012,244
72$3,294,173$1,567,861$1,227,899$3,217,505
73$3,550,774$1,565,282$1,189,629$3,441,193
74$3,831,048$1,560,076$1,147,577$3,685,136
75$4,137,330$1,552,034$1,101,535$3,951,351
76$4,472,191$1,540,937$1,051,290$4,242,060
77$4,838,462$1,526,551$996,617$4,559,711
78$5,239,262$1,508,629$937,280$4,907,000
79$5,678,023$1,486,908$873,035$5,286,902
80$6,158,524$1,461,109$803,625$5,702,692
81$6,684,929$1,430,939$728,781$6,157,980
82$7,261,822$1,396,085$648,225$6,656,744
83$7,894,251$1,356,216$561,664$7,203,370
84$8,587,777$1,310,984$468,793$7,802,690
85$9,348,525$1,260,016$369,292$8,460,028
86$10,183,240$1,202,923$262,828$9,181,255
87$11,099,353$1,139,288$149,055$9,972,838
88$12,105,048$1,068,674$27,610$10,841,907
89$13,209,341$990,617$0$11,796,318
90$14,422,163$904,627$0$12,851,261
91$15,754,456$810,186$0$14,012,062
92$17,218,272$706,746$0$15,287,495
93$18,826,887$593,729$0$16,689,181
94$20,594,931$470,523$0$18,229,927
95$22,538,518$336,482$0$19,923,844
96$24,675,402$190,925$0$21,786,485
97$27,025,144$33,131$0$23,834,989
98$29,609,294$0$0$26,088,244
99$32,451,596$0$0$28,588,270
100$35,578,212$0$0$31,344,031