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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.4%
1 years$115,611$114,581$113,576$112,596$111,638$107,849
2 years$57,233$56,167$55,134$54,132$53,161$49,381
3 years$37,776$36,706$35,675$34,683$33,727$30,076
4 years$28,050$26,983$25,963$24,987$24,055$20,560
5 years$22,216$21,155$20,148$19,193$18,286$14,956
6 years$18,327$17,274$16,283$15,349$14,469$11,308
7 years$15,551$14,507$13,531$12,619$11,767$8,773
8 years$13,470$12,435$11,475$10,586$9,762$6,934
9 years$11,852$10,827$9,884$9,017$8,221$5,555
10 years$10,558$9,544$8,617$7,772$7,005$4,496
11 years$9,501$8,496$7,586$6,764$6,024$3,668
12 years$8,620$7,626$6,732$5,933$5,221$3,011
13 years$7,875$6,891$6,015$5,238$4,552$2,485
14 years$7,237$6,264$5,405$4,650$3,991$2,059
15 years$6,685$5,722$4,880$4,147$3,514$1,711
16 years$6,203$5,250$4,424$3,713$3,105$1,426
17 years$5,777$4,835$4,026$3,336$2,753$1,191
18 years$5,399$4,468$3,675$3,007$2,448$997
19 years$5,062$4,141$3,364$2,717$2,182$835
20 years$4,758$3,848$3,088$2,460$1,949$701
21 years$4,484$3,584$2,840$2,233$1,744$589
22 years$4,235$3,346$2,617$2,030$1,563$495
23 years$4,008$3,129$2,417$1,849$1,403$416
24 years$3,800$2,932$2,235$1,686$1,261$351
25 years$3,609$2,751$2,070$1,540$1,135$295
26 years$3,434$2,586$1,920$1,408$1,022$249
27 years$3,271$2,434$1,783$1,289$922$210
28 years$3,120$2,293$1,657$1,181$832$177
29 years$2,980$2,163$1,542$1,083$751$149
30 years$2,850$2,043$1,437$994$679$126
31 years$2,728$1,931$1,339$913$614$106
32 years$2,614$1,827$1,250$839$555$90
33 years$2,507$1,731$1,167$771$502$76
34 years$2,407$1,640$1,090$710$455$64
35 years$2,312$1,556$1,019$653$412$54
36 years$2,224$1,477$953$602$373$45
37 years$2,140$1,402$892$554$338$38
38 years$2,060$1,333$836$511$307$32
39 years$1,985$1,267$783$471$278$27
40 years$1,914$1,206$734$435$252$23
41 years$1,847$1,148$688$401$229$20
42 years$1,782$1,093$646$370$208$16
43 years$1,721$1,042$606$342$188$14
44 years$1,663$993$569$315$171$12
45 years$1,608$947$534$291$155$10
46 years$1,555$903$501$269$141$8
47 years$1,505$862$471$249$128$7
48 years$1,457$823$443$230$116$6
49 years$1,411$786$416$212$106$5
50 years$1,367$751$391$196$96$4

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 $5,631 every year, while hoping to spend $59,850 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: 42/35/23 Blend
60$1,400,000$1,400,000$1,400,000$1,400,000
61$1,548,608$1,474,408$1,452,708$1,603,010
62$1,642,886$1,482,974$1,437,694$1,650,926
63$1,744,775$1,489,954$1,420,171$1,696,617
64$1,854,987$1,495,207$1,399,992$1,744,899
65$1,974,307$1,498,583$1,377,002$1,796,044
66$2,103,595$1,499,923$1,351,041$1,850,354
67$2,243,800$1,499,057$1,321,939$1,908,165
68$2,395,964$1,495,807$1,289,520$1,969,851
69$2,561,232$1,489,982$1,253,599$2,035,830
70$2,740,865$1,481,378$1,213,982$2,106,565
71$2,936,250$1,469,783$1,170,467$2,182,569
72$3,148,913$1,454,967$1,122,843$2,264,418
73$3,380,531$1,436,690$1,070,888$2,352,745
74$3,632,954$1,414,696$1,014,371$2,448,257
75$3,908,213$1,388,714$953,050$2,551,740
76$4,208,547$1,358,457$886,673$2,664,062
77$4,536,418$1,323,620$814,976$2,786,191
78$4,894,537$1,283,883$737,683$2,919,197
79$5,285,891$1,238,904$654,506$3,064,268
80$5,713,763$1,188,322$565,143$3,222,722
81$6,181,773$1,131,756$469,282$3,396,018
82$6,693,905$1,068,802$366,593$3,585,774
83$7,254,543$999,034$256,735$3,793,783
84$7,868,520$922,000$139,348$4,022,030
85$8,541,153$837,222$14,061$4,272,713
86$9,278,302$744,197$0$4,548,265
87$10,086,417$642,391$0$4,880,743
88$10,972,604$531,240$0$5,249,357
89$11,944,689$410,151$0$5,654,055
90$13,011,293$278,494$0$6,098,596
91$14,181,911$135,606$0$6,587,131
92$15,467,000$0$0$7,124,241
93$16,878,082$0$0$7,722,387
94$18,427,849$0$0$8,436,863
95$20,130,280$0$0$9,221,909
96$22,000,777$0$0$10,084,651
97$24,056,306$0$0$11,032,939
98$26,315,560$0$0$12,075,422
99$28,799,132$0$0$13,221,628
100$31,529,709$0$0$14,482,053