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%15.3%
1 years$115,611$114,581$113,576$112,596$111,638$109,205
2 years$57,233$56,167$55,134$54,132$53,161$50,722
3 years$37,776$36,706$35,675$34,683$33,727$31,359
4 years$28,050$26,983$25,963$24,987$24,055$21,775
5 years$22,216$21,155$20,148$19,193$18,286$16,101
6 years$18,327$17,274$16,283$15,349$14,469$12,381
7 years$15,551$14,507$13,531$12,619$11,767$9,777
8 years$13,470$12,435$11,475$10,586$9,762$7,869
9 years$11,852$10,827$9,884$9,017$8,221$6,423
10 years$10,558$9,544$8,617$7,772$7,005$5,300
11 years$9,501$8,496$7,586$6,764$6,024$4,411
12 years$8,620$7,626$6,732$5,933$5,221$3,696
13 years$7,875$6,891$6,015$5,238$4,552$3,114
14 years$7,237$6,264$5,405$4,650$3,991$2,636
15 years$6,685$5,722$4,880$4,147$3,514$2,239
16 years$6,203$5,250$4,424$3,713$3,105$1,908
17 years$5,777$4,835$4,026$3,336$2,753$1,630
18 years$5,399$4,468$3,675$3,007$2,448$1,396
19 years$5,062$4,141$3,364$2,717$2,182$1,197
20 years$4,758$3,848$3,088$2,460$1,949$1,029
21 years$4,484$3,584$2,840$2,233$1,744$885
22 years$4,235$3,346$2,617$2,030$1,563$762
23 years$4,008$3,129$2,417$1,849$1,403$657
24 years$3,800$2,932$2,235$1,686$1,261$567
25 years$3,609$2,751$2,070$1,540$1,135$489
26 years$3,434$2,586$1,920$1,408$1,022$423
27 years$3,271$2,434$1,783$1,289$922$366
28 years$3,120$2,293$1,657$1,181$832$316
29 years$2,980$2,163$1,542$1,083$751$273
30 years$2,850$2,043$1,437$994$679$237
31 years$2,728$1,931$1,339$913$614$205
32 years$2,614$1,827$1,250$839$555$177
33 years$2,507$1,731$1,167$771$502$154
34 years$2,407$1,640$1,090$710$455$133
35 years$2,312$1,556$1,019$653$412$115
36 years$2,224$1,477$953$602$373$100
37 years$2,140$1,402$892$554$338$87
38 years$2,060$1,333$836$511$307$75
39 years$1,985$1,267$783$471$278$65
40 years$1,914$1,206$734$435$252$56
41 years$1,847$1,148$688$401$229$49
42 years$1,782$1,093$646$370$208$42
43 years$1,721$1,042$606$342$188$37
44 years$1,663$993$569$315$171$32
45 years$1,608$947$534$291$155$28
46 years$1,555$903$501$269$141$24
47 years$1,505$862$471$249$128$21
48 years$1,457$823$443$230$116$18
49 years$1,411$786$416$212$106$16
50 years$1,367$751$391$196$96$14

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 $2,335 every year, while hoping to spend $41,599 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: 60/26/14 Blend
60$1,400,000$1,400,000$1,400,000$1,400,000
61$1,545,209$1,471,009$1,449,309$1,632,406
62$1,658,559$1,498,827$1,453,599$1,719,231
63$1,782,077$1,526,614$1,456,640$1,809,029
64$1,916,755$1,554,325$1,458,344$1,905,996
65$2,063,687$1,581,910$1,458,621$2,010,828
66$2,224,076$1,609,317$1,457,378$2,124,292
67$2,399,247$1,636,488$1,454,515$2,247,235
68$2,590,656$1,663,362$1,449,928$2,380,590
69$2,799,911$1,689,874$1,443,508$2,525,382
70$3,028,776$1,715,953$1,435,140$2,682,747
71$3,279,200$1,741,523$1,424,705$2,853,931
72$3,553,323$1,766,502$1,412,078$3,040,312
73$3,853,506$1,790,805$1,397,126$3,243,407
74$4,182,346$1,814,337$1,379,713$3,464,889
75$4,542,705$1,836,999$1,359,693$3,706,602
76$4,937,734$1,858,685$1,336,916$3,970,579
77$5,370,904$1,879,282$1,311,224$4,259,060
78$5,846,037$1,898,668$1,282,450$4,574,517
79$6,367,344$1,916,713$1,250,423$4,919,672
80$6,939,462$1,933,281$1,214,961$5,297,530
81$7,567,499$1,948,224$1,175,875$5,711,400
82$8,257,083$1,961,386$1,132,965$6,164,931
83$9,014,411$1,972,600$1,086,026$6,662,148
84$9,846,314$1,981,689$1,034,840$7,207,485
85$10,760,311$1,988,466$979,181$7,805,832
86$11,764,692$1,992,729$918,812$8,462,580
87$12,868,584$1,994,267$853,486$9,183,672
88$14,082,046$1,992,852$782,944$9,975,658
89$15,416,158$1,988,245$706,916$10,845,762
90$16,883,128$1,980,192$625,120$11,801,944
91$18,496,408$1,968,421$537,262$12,852,983
92$20,270,814$1,952,647$443,033$14,008,554
93$22,222,674$1,932,564$342,112$15,279,322
94$24,369,978$1,907,851$234,164$16,677,047
95$26,732,546$1,878,165$118,838$18,214,690
96$29,332,215$1,843,145$0$19,906,538
97$32,193,049$1,802,407$0$21,768,975
98$35,341,560$1,755,544$0$23,837,716
99$38,806,960$1,702,127$0$26,114,189
100$42,621,439$1,641,701$0$28,619,552