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%11.3%
1 years$115,611$114,581$113,576$112,596$111,638$111,027
2 years$57,233$56,167$55,134$54,132$53,161$52,545
3 years$37,776$36,706$35,675$34,683$33,727$33,125
4 years$28,050$26,983$25,963$24,987$24,055$23,470
5 years$22,216$21,155$20,148$19,193$18,286$17,722
6 years$18,327$17,274$16,283$15,349$14,469$13,925
7 years$15,551$14,507$13,531$12,619$11,767$11,244
8 years$13,470$12,435$11,475$10,586$9,762$9,260
9 years$11,852$10,827$9,884$9,017$8,221$7,740
10 years$10,558$9,544$8,617$7,772$7,005$6,544
11 years$9,501$8,496$7,586$6,764$6,024$5,584
12 years$8,620$7,626$6,732$5,933$5,221$4,800
13 years$7,875$6,891$6,015$5,238$4,552$4,152
14 years$7,237$6,264$5,405$4,650$3,991$3,609
15 years$6,685$5,722$4,880$4,147$3,514$3,150
16 years$6,203$5,250$4,424$3,713$3,105$2,760
17 years$5,777$4,835$4,026$3,336$2,753$2,426
18 years$5,399$4,468$3,675$3,007$2,448$2,138
19 years$5,062$4,141$3,364$2,717$2,182$1,888
20 years$4,758$3,848$3,088$2,460$1,949$1,671
21 years$4,484$3,584$2,840$2,233$1,744$1,481
22 years$4,235$3,346$2,617$2,030$1,563$1,315
23 years$4,008$3,129$2,417$1,849$1,403$1,169
24 years$3,800$2,932$2,235$1,686$1,261$1,040
25 years$3,609$2,751$2,070$1,540$1,135$927
26 years$3,434$2,586$1,920$1,408$1,022$827
27 years$3,271$2,434$1,783$1,289$922$738
28 years$3,120$2,293$1,657$1,181$832$659
29 years$2,980$2,163$1,542$1,083$751$589
30 years$2,850$2,043$1,437$994$679$527
31 years$2,728$1,931$1,339$913$614$471
32 years$2,614$1,827$1,250$839$555$422
33 years$2,507$1,731$1,167$771$502$378
34 years$2,407$1,640$1,090$710$455$338
35 years$2,312$1,556$1,019$653$412$303
36 years$2,224$1,477$953$602$373$272
37 years$2,140$1,402$892$554$338$244
38 years$2,060$1,333$836$511$307$218
39 years$1,985$1,267$783$471$278$196
40 years$1,914$1,206$734$435$252$176
41 years$1,847$1,148$688$401$229$158
42 years$1,782$1,093$646$370$208$141
43 years$1,721$1,042$606$342$188$127
44 years$1,663$993$569$315$171$114
45 years$1,608$947$534$291$155$102
46 years$1,555$903$501$269$141$92
47 years$1,505$862$471$249$128$82
48 years$1,457$823$443$230$116$74
49 years$1,411$786$416$212$106$66
50 years$1,367$751$391$196$96$60

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 $2,261 every year, while hoping to spend $32,684 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: 71/9/20 Blend
60$1,400,000$1,400,000$1,400,000$1,400,000
61$1,545,132$1,470,932$1,449,232$1,647,175
62$1,667,960$1,508,232$1,463,006$1,752,746
63$1,802,221$1,546,265$1,476,146$1,864,192
64$1,949,047$1,585,031$1,488,596$1,985,399
65$2,109,683$1,624,531$1,500,297$2,117,330
66$2,285,502$1,664,764$1,511,189$2,261,044
67$2,478,015$1,705,729$1,521,205$2,417,711
68$2,688,884$1,747,422$1,530,277$2,588,618
69$2,919,943$1,789,838$1,538,334$2,775,183
70$3,173,209$1,832,972$1,545,300$2,978,969
71$3,450,904$1,876,815$1,551,095$3,201,698
72$3,755,475$1,921,358$1,555,636$3,445,266
73$4,089,620$1,966,591$1,558,836$3,711,763
74$4,456,306$2,012,499$1,560,602$4,003,494
75$4,858,805$2,059,067$1,560,837$4,322,995
76$5,300,719$2,106,277$1,559,442$4,673,063
77$5,786,018$2,154,110$1,556,308$5,056,780
78$6,319,072$2,202,542$1,551,325$5,477,541
79$6,904,699$2,251,549$1,544,376$5,939,088
80$7,548,204$2,301,100$1,535,339$6,445,544
81$8,255,432$2,351,165$1,524,084$7,001,453
82$9,032,823$2,401,709$1,510,477$7,611,824
83$9,887,471$2,452,693$1,494,378$8,282,173
84$10,827,192$2,504,073$1,475,638$9,018,582
85$11,860,597$2,555,804$1,454,104$9,827,753
86$12,997,173$2,607,835$1,429,612$10,717,070
87$14,247,375$2,660,108$1,401,994$11,694,672
88$15,622,719$2,712,565$1,371,072$12,769,528
89$17,135,894$2,765,139$1,336,661$13,951,522
90$18,800,882$2,817,758$1,298,567$15,251,547
91$20,633,089$2,870,345$1,256,585$16,681,607
92$22,649,488$2,922,815$1,210,505$18,254,932
93$24,868,782$2,975,080$1,160,103$19,986,100
94$27,311,579$3,027,040$1,105,148$21,891,179
95$30,000,587$3,078,591$1,045,396$23,987,876
96$32,960,824$3,129,620$980,595$26,295,702
97$36,219,861$3,180,004$910,478$28,836,165
98$39,808,077$3,229,615$834,769$31,632,962
99$43,758,945$3,278,310$753,178$34,712,212
100$48,109,351$3,325,940$665,403$38,102,698