Can I retire at age 61 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$118,088$117,036$116,010$115,008$114,030$112,049
2 years$58,459$57,371$56,316$55,292$54,300$52,310
3 years$38,586$37,492$36,440$35,426$34,450$32,514
4 years$28,651$27,561$26,519$25,523$24,570$22,703
5 years$22,692$21,608$20,580$19,604$18,678$16,884
6 years$18,720$17,645$16,631$15,677$14,779$13,061
7 years$15,884$14,818$13,821$12,889$12,019$10,378
8 years$13,758$12,702$11,721$10,812$9,971$8,406
9 years$12,106$11,059$10,095$9,210$8,397$6,907
10 years$10,785$9,748$8,801$7,939$7,155$5,738
11 years$9,704$8,678$7,749$6,909$6,153$4,809
12 years$8,805$7,789$6,877$6,060$5,332$4,059
13 years$8,044$7,039$6,144$5,350$4,650$3,445
14 years$7,393$6,398$5,520$4,749$4,076$2,937
15 years$6,828$5,845$4,984$4,236$3,589$2,514
16 years$6,335$5,363$4,519$3,793$3,172$2,159
17 years$5,901$4,939$4,112$3,408$2,812$1,859
18 years$5,515$4,564$3,754$3,071$2,501$1,605
19 years$5,170$4,230$3,436$2,775$2,229$1,388
20 years$4,860$3,930$3,154$2,513$1,991$1,202
21 years$4,580$3,661$2,901$2,281$1,782$1,043
22 years$4,326$3,417$2,674$2,074$1,597$906
23 years$4,094$3,196$2,469$1,889$1,434$788
24 years$3,882$2,995$2,283$1,723$1,289$686
25 years$3,687$2,810$2,114$1,573$1,159$597
26 years$3,507$2,641$1,961$1,438$1,044$520
27 years$3,341$2,486$1,821$1,317$942$454
28 years$3,187$2,342$1,693$1,206$850$396
29 years$3,044$2,210$1,575$1,106$767$346
30 years$2,911$2,087$1,467$1,015$693$302
31 years$2,786$1,973$1,368$932$627$264
32 years$2,670$1,867$1,276$857$567$230
33 years$2,561$1,768$1,192$788$513$201
34 years$2,458$1,675$1,114$725$465$176
35 years$2,362$1,589$1,041$667$421$154
36 years$2,271$1,508$974$615$381$135
37 years$2,185$1,432$912$566$346$118
38 years$2,104$1,361$854$522$313$103
39 years$2,028$1,295$800$481$284$90
40 years$1,955$1,232$750$444$258$79
41 years$1,886$1,172$703$410$234$69
42 years$1,821$1,117$659$378$212$60
43 years$1,758$1,064$619$349$192$53
44 years$1,699$1,014$581$322$175$46
45 years$1,643$967$545$298$159$41
46 years$1,589$922$512$275$144$35
47 years$1,537$880$481$254$131$31
48 years$1,488$840$452$235$119$27
49 years$1,441$803$425$217$108$24
50 years$1,396$767$400$200$98$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,430,000, adding $3,614 every year, while hoping to spend $48,729 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: 37/48/15 Blend
60$1,430,000$1,430,000$1,430,000$1,430,000
61$1,579,588$1,503,798$1,481,633$1,630,696
62$1,688,859$1,525,637$1,479,420$1,689,588
63$1,807,642$1,546,912$1,475,500$1,748,234
64$1,936,856$1,567,546$1,469,765$1,810,531
65$2,077,512$1,587,453$1,462,099$1,876,833
66$2,230,724$1,606,543$1,452,384$1,947,528
67$2,397,713$1,624,719$1,440,495$2,023,048
68$2,579,829$1,641,879$1,426,300$2,103,870
69$2,778,553$1,657,913$1,409,662$2,190,522
70$2,995,517$1,672,703$1,390,438$2,283,589
71$3,232,519$1,686,125$1,368,477$2,383,716
72$3,491,536$1,698,045$1,343,622$2,491,620
73$3,774,746$1,708,322$1,315,706$2,608,091
74$4,084,546$1,716,806$1,284,558$2,734,004
75$4,423,577$1,723,336$1,249,997$2,870,327
76$4,794,744$1,727,742$1,211,834$3,018,131
77$5,201,248$1,729,842$1,169,872$3,178,599
78$5,646,616$1,729,444$1,123,903$3,353,039
79$6,134,729$1,726,345$1,073,711$3,542,898
80$6,669,862$1,720,327$1,019,072$3,749,776
81$7,256,724$1,711,160$959,747$3,975,440
82$7,900,503$1,698,599$895,491$4,221,843
83$8,606,910$1,682,386$826,046$4,491,146
84$9,382,238$1,662,246$751,142$4,785,733
85$10,233,418$1,637,888$670,497$5,108,241
86$11,168,086$1,609,004$583,818$5,461,582
87$12,194,652$1,575,266$490,797$5,848,973
88$13,322,381$1,536,329$391,113$6,273,970
89$14,561,481$1,491,826$284,433$6,740,497
90$15,923,196$1,441,370$170,405$7,252,889
91$17,419,914$1,384,548$48,665$7,815,936
92$19,065,282$1,320,928$0$8,434,923
93$20,874,337$1,250,050$0$9,128,694
94$22,863,644$1,171,427$0$9,899,847
95$25,051,455$1,084,546$0$10,747,767
96$27,457,877$988,862$0$11,680,380
97$30,105,066$883,802$0$12,706,428
98$33,017,432$768,758$0$13,835,561
99$36,221,872$643,089$0$15,078,420
100$39,748,020$506,117$0$16,446,746