Can I retire at age 61 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$116,436$115,399$114,387$113,400$112,435$110,391
2 years$57,642$56,568$55,528$54,519$53,541$51,488
3 years$38,046$36,968$35,930$34,931$33,968$31,972
4 years$28,250$27,175$26,148$25,166$24,227$22,302
5 years$22,374$21,306$20,292$19,330$18,417$16,568
6 years$18,458$17,398$16,399$15,458$14,572$12,803
7 years$15,662$14,611$13,628$12,709$11,851$10,161
8 years$13,566$12,524$11,557$10,661$9,832$8,221
9 years$11,937$10,904$9,954$9,081$8,280$6,747
10 years$10,634$9,612$8,678$7,828$7,055$5,599
11 years$9,569$8,557$7,640$6,813$6,067$4,686
12 years$8,681$7,680$6,781$5,976$5,258$3,950
13 years$7,931$6,941$6,058$5,276$4,585$3,348
14 years$7,289$6,309$5,443$4,683$4,019$2,851
15 years$6,733$5,763$4,914$4,176$3,539$2,437
16 years$6,247$5,288$4,456$3,740$3,128$2,090
17 years$5,818$4,870$4,054$3,360$2,773$1,797
18 years$5,438$4,500$3,701$3,028$2,466$1,549
19 years$5,098$4,170$3,388$2,736$2,198$1,337
20 years$4,792$3,875$3,110$2,478$1,963$1,157
21 years$4,516$3,610$2,860$2,249$1,757$1,002
22 years$4,265$3,370$2,636$2,045$1,575$869
23 years$4,037$3,151$2,434$1,862$1,414$754
24 years$3,827$2,953$2,251$1,698$1,270$656
25 years$3,635$2,771$2,085$1,551$1,143$570
26 years$3,458$2,604$1,934$1,418$1,030$496
27 years$3,294$2,451$1,796$1,298$928$432
28 years$3,143$2,309$1,669$1,189$838$376
29 years$3,002$2,179$1,553$1,091$756$328
30 years$2,870$2,058$1,447$1,001$684$286
31 years$2,747$1,945$1,349$919$618$249
32 years$2,633$1,840$1,259$845$559$218
33 years$2,525$1,743$1,175$777$506$190
34 years$2,424$1,652$1,098$715$458$166
35 years$2,329$1,567$1,026$658$415$145
36 years$2,239$1,487$960$606$376$126
37 years$2,155$1,412$899$558$341$110
38 years$2,075$1,342$842$515$309$96
39 years$1,999$1,276$789$475$280$84
40 years$1,928$1,214$739$438$254$73
41 years$1,860$1,156$693$404$230$64
42 years$1,795$1,101$650$373$209$56
43 years$1,734$1,049$610$344$190$49
44 years$1,675$1,000$573$318$172$43
45 years$1,620$953$538$293$156$37
46 years$1,566$910$505$271$142$33
47 years$1,516$868$474$250$129$29
48 years$1,467$829$446$231$117$25
49 years$1,421$791$419$214$106$22
50 years$1,377$756$394$198$97$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,410,000, adding $3,504 every year, while hoping to spend $47,900 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: 37/34/29 Blend
60$1,410,000$1,410,000$1,410,000$1,410,000
61$1,557,434$1,482,704$1,460,849$1,601,456
62$1,665,327$1,504,392$1,458,823$1,656,076
63$1,782,620$1,525,536$1,455,123$1,710,436
64$1,910,221$1,546,061$1,449,643$1,768,248
65$2,049,129$1,565,883$1,442,271$1,829,856
66$2,200,443$1,584,915$1,432,890$1,895,642
67$2,365,374$1,603,061$1,421,378$1,966,030
68$2,545,253$1,620,223$1,407,605$2,041,487
69$2,741,547$1,636,291$1,391,437$2,122,532
70$2,955,867$1,651,152$1,372,733$2,209,742
71$3,189,991$1,664,684$1,351,345$2,303,751
72$3,445,873$1,676,756$1,327,118$2,405,265
73$3,725,666$1,687,231$1,299,890$2,515,064
74$4,031,740$1,695,961$1,269,492$2,634,010
75$4,366,703$1,702,789$1,235,747$2,763,059
76$4,733,431$1,707,550$1,198,468$2,903,267
77$5,135,086$1,710,065$1,157,462$3,055,804
78$5,575,154$1,710,148$1,112,527$3,221,963
79$6,057,472$1,707,597$1,063,448$3,403,173
80$6,586,267$1,702,202$1,010,006$3,601,016
81$7,166,193$1,693,736$951,968$3,817,241
82$7,802,377$1,681,962$889,092$4,053,780
83$8,500,467$1,666,626$821,124$4,312,770
84$9,266,683$1,647,459$747,800$4,596,572
85$10,107,877$1,624,176$668,843$4,907,795
86$11,031,596$1,596,477$583,965$5,249,324
87$12,046,155$1,564,041$492,865$5,624,344
88$13,160,714$1,526,529$395,226$6,036,375
89$14,385,361$1,483,584$290,721$6,489,305
90$15,731,214$1,434,825$179,006$6,987,428
91$17,210,518$1,379,852$59,723$7,535,487
92$18,836,764$1,318,238$0$8,138,719
93$20,624,817$1,249,535$0$8,823,817
94$22,591,053$1,173,266$0$9,597,339
95$24,753,514$1,088,930$0$10,447,961
96$27,132,077$995,993$0$11,383,597
97$29,748,647$893,894$0$12,412,977
98$32,627,352$782,038$0$13,545,726
99$35,794,783$659,799$0$14,792,461
100$39,280,234$526,512$0$16,164,889