Can I retire at age 61 with 1,450,000?

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$119,740$118,673$117,632$116,617$115,625$110,994
2 years$59,277$58,173$57,103$56,066$55,060$50,452
3 years$39,125$38,017$36,950$35,922$34,932$30,493
4 years$29,052$27,946$26,890$25,880$24,914$20,677
5 years$23,009$21,910$20,868$19,878$18,939$14,915
6 years$18,982$17,891$16,864$15,897$14,986$11,178
7 years$16,106$15,025$14,014$13,070$12,188$8,594
8 years$13,951$12,879$11,885$10,964$10,111$6,727
9 years$12,275$11,214$10,237$9,339$8,515$5,337
10 years$10,935$9,884$8,925$8,050$7,255$4,276
11 years$9,840$8,799$7,857$7,006$6,239$3,452
12 years$8,928$7,898$6,973$6,145$5,407$2,804
13 years$8,156$7,137$6,230$5,425$4,715$2,289
14 years$7,496$6,488$5,598$4,816$4,133$1,875
15 years$6,924$5,927$5,054$4,295$3,639$1,541
16 years$6,424$5,438$4,582$3,846$3,216$1,269
17 years$5,983$5,008$4,169$3,455$2,852$1,048
18 years$5,592$4,627$3,806$3,114$2,536$866
19 years$5,242$4,289$3,484$2,814$2,260$717
20 years$4,928$3,985$3,198$2,548$2,019$595
21 years$4,644$3,712$2,941$2,313$1,807$493
22 years$4,386$3,465$2,711$2,103$1,619$410
23 years$4,151$3,241$2,503$1,915$1,454$340
24 years$3,936$3,036$2,315$1,747$1,307$283
25 years$3,738$2,850$2,144$1,595$1,176$235
26 years$3,556$2,678$1,989$1,459$1,059$196
27 years$3,388$2,520$1,846$1,335$955$163
28 years$3,232$2,375$1,717$1,223$862$135
29 years$3,087$2,241$1,597$1,122$778$113
30 years$2,952$2,116$1,488$1,029$703$94
31 years$2,825$2,000$1,387$945$635$78
32 years$2,707$1,893$1,294$869$575$65
33 years$2,597$1,792$1,208$799$520$54
34 years$2,493$1,699$1,129$735$471$45
35 years$2,395$1,611$1,056$677$427$38
36 years$2,303$1,529$988$623$387$31
37 years$2,216$1,453$924$574$350$26
38 years$2,134$1,380$866$529$318$22
39 years$2,056$1,313$811$488$288$18
40 years$1,982$1,249$760$450$261$15
41 years$1,912$1,189$713$415$237$13
42 years$1,846$1,132$669$383$215$10
43 years$1,783$1,079$627$354$195$9
44 years$1,723$1,028$589$327$177$7
45 years$1,666$981$553$302$161$6
46 years$1,611$935$519$279$146$5
47 years$1,559$893$488$257$133$4
48 years$1,509$852$458$238$120$4
49 years$1,461$814$431$220$109$3
50 years$1,416$777$405$203$99$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,450,000, adding $4,957 every year, while hoping to spend $45,219 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: 31/49/20 Blend
60$1,450,000$1,450,000$1,450,000$1,450,000
61$1,603,013$1,526,163$1,503,688$1,642,578
62$1,718,408$1,552,832$1,505,949$1,699,492
63$1,844,057$1,579,293$1,506,770$1,756,282
64$1,980,960$1,605,487$1,506,055$1,816,464
65$2,130,213$1,631,352$1,503,704$1,880,362
66$2,293,028$1,656,821$1,499,611$1,948,331
67$2,470,734$1,681,822$1,493,665$2,020,768
68$2,664,795$1,706,278$1,485,750$2,098,108
69$2,876,826$1,730,107$1,475,744$2,180,836
70$3,108,601$1,753,221$1,463,520$2,269,487
71$3,362,075$1,775,525$1,448,944$2,364,651
72$3,639,399$1,796,919$1,431,877$2,466,984
73$3,942,944$1,817,294$1,412,171$2,577,210
74$4,275,319$1,836,536$1,389,673$2,696,129
75$4,639,397$1,854,522$1,364,222$2,824,626
76$5,038,343$1,871,121$1,335,651$2,963,682
77$5,475,641$1,886,193$1,303,783$3,114,378
78$5,955,131$1,899,591$1,268,435$3,277,912
79$6,481,040$1,911,157$1,229,412$3,455,607
80$7,058,023$1,920,721$1,186,515$3,648,925
81$7,691,211$1,928,105$1,139,532$3,859,484
82$8,386,251$1,933,119$1,088,244$4,089,070
83$9,149,368$1,935,561$1,032,418$4,339,657
84$9,987,415$1,935,215$971,816$4,613,428
85$10,907,945$1,931,854$906,186$4,912,793
86$11,919,276$1,925,235$835,264$5,240,415
87$13,030,572$1,915,102$758,775$5,599,236
88$14,251,930$1,901,182$676,434$5,992,506
89$15,594,472$1,883,185$587,939$6,423,815
90$17,070,452$1,860,805$492,979$6,897,125
91$18,693,370$1,833,716$391,226$7,416,816
92$20,478,100$1,801,575$282,339$7,987,719
93$22,441,030$1,764,016$165,961$8,615,174
94$24,600,215$1,720,652$41,720$9,305,072
95$26,975,549$1,671,076$0$10,063,920
96$29,588,948$1,614,852$0$10,918,288
97$32,464,565$1,551,523$0$11,867,477
98$35,629,006$1,480,604$0$12,911,412
99$39,111,592$1,401,581$0$14,059,846
100$42,944,627$1,313,911$0$15,323,535