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

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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$119,740$118,673$117,632$116,617$115,625$113,290
2 years$59,277$58,173$57,103$56,066$55,060$52,718
3 years$39,125$38,017$36,950$35,922$34,932$32,656
4 years$29,052$27,946$26,890$25,880$24,914$22,721
5 years$23,009$21,910$20,868$19,878$18,939$16,836
6 years$18,982$17,891$16,864$15,897$14,986$12,975
7 years$16,106$15,025$14,014$13,070$12,188$10,269
8 years$13,951$12,879$11,885$10,964$10,111$8,284
9 years$12,275$11,214$10,237$9,339$8,515$6,778
10 years$10,935$9,884$8,925$8,050$7,255$5,607
11 years$9,840$8,799$7,857$7,006$6,239$4,678
12 years$8,928$7,898$6,973$6,145$5,407$3,931
13 years$8,156$7,137$6,230$5,425$4,715$3,321
14 years$7,496$6,488$5,598$4,816$4,133$2,818
15 years$6,924$5,927$5,054$4,295$3,639$2,401
16 years$6,424$5,438$4,582$3,846$3,216$2,051
17 years$5,983$5,008$4,169$3,455$2,852$1,758
18 years$5,592$4,627$3,806$3,114$2,536$1,509
19 years$5,242$4,289$3,484$2,814$2,260$1,299
20 years$4,928$3,985$3,198$2,548$2,019$1,119
21 years$4,644$3,712$2,941$2,313$1,807$966
22 years$4,386$3,465$2,711$2,103$1,619$834
23 years$4,151$3,241$2,503$1,915$1,454$721
24 years$3,936$3,036$2,315$1,747$1,307$624
25 years$3,738$2,850$2,144$1,595$1,176$541
26 years$3,556$2,678$1,989$1,459$1,059$469
27 years$3,388$2,520$1,846$1,335$955$407
28 years$3,232$2,375$1,717$1,223$862$353
29 years$3,087$2,241$1,597$1,122$778$306
30 years$2,952$2,116$1,488$1,029$703$266
31 years$2,825$2,000$1,387$945$635$231
32 years$2,707$1,893$1,294$869$575$201
33 years$2,597$1,792$1,208$799$520$174
34 years$2,493$1,699$1,129$735$471$151
35 years$2,395$1,611$1,056$677$427$132
36 years$2,303$1,529$988$623$387$114
37 years$2,216$1,453$924$574$350$100
38 years$2,134$1,380$866$529$318$87
39 years$2,056$1,313$811$488$288$75
40 years$1,982$1,249$760$450$261$66
41 years$1,912$1,189$713$415$237$57
42 years$1,846$1,132$669$383$215$50
43 years$1,783$1,079$627$354$195$43
44 years$1,723$1,028$589$327$177$38
45 years$1,666$981$553$302$161$33
46 years$1,611$935$519$279$146$28
47 years$1,559$893$488$257$133$25
48 years$1,509$852$458$238$120$22
49 years$1,461$814$431$220$109$19
50 years$1,416$777$405$203$99$16

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 $3,142 every year, while hoping to spend $31,911 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: 62/33/5 Blend
60$1,450,000$1,450,000$1,450,000$1,450,000
61$1,601,141$1,524,291$1,501,816$1,698,971
62$1,730,504$1,565,028$1,518,174$1,805,320
63$1,871,993$1,606,692$1,534,010$1,917,319
64$2,026,811$1,649,294$1,549,274$2,038,722
65$2,196,282$1,692,846$1,563,910$2,170,436
66$2,381,865$1,737,358$1,577,864$2,313,459
67$2,585,167$1,782,840$1,591,074$2,468,889
68$2,807,956$1,829,302$1,603,478$2,637,933
69$3,052,182$1,876,752$1,615,009$2,821,925
70$3,319,991$1,925,198$1,625,597$3,022,327
71$3,613,745$1,974,648$1,635,170$3,240,756
72$3,936,048$2,025,107$1,643,649$3,478,986
73$4,289,767$2,076,580$1,650,954$3,738,975
74$4,678,062$2,129,070$1,656,999$4,022,879
75$5,104,410$2,182,581$1,661,695$4,333,070
76$5,572,646$2,237,114$1,664,947$4,672,163
77$6,086,991$2,292,667$1,666,658$5,043,037
78$6,652,096$2,349,240$1,666,723$5,448,864
79$7,273,085$2,406,828$1,665,033$5,893,139
80$7,955,602$2,465,425$1,661,475$6,379,710
81$8,705,868$2,525,025$1,655,928$6,912,818
82$9,530,732$2,585,617$1,648,268$7,497,134
83$10,437,744$2,647,190$1,638,362$8,137,805
84$11,435,220$2,709,728$1,626,073$8,840,500
85$12,532,322$2,773,214$1,611,256$9,611,468
86$13,739,146$2,837,629$1,593,761$10,457,589
87$15,066,815$2,902,949$1,573,428$11,386,449
88$16,527,584$2,969,147$1,550,091$12,406,403
89$18,134,955$3,036,193$1,523,577$13,526,657
90$19,903,808$3,104,054$1,493,704$14,757,356
91$21,850,535$3,172,691$1,460,282$16,109,677
92$23,993,199$3,242,062$1,423,110$17,595,938
93$26,351,703$3,312,121$1,381,982$19,229,709
94$28,947,977$3,382,815$1,336,679$21,025,945
95$31,806,185$3,454,088$1,286,972$23,001,125
96$34,952,955$3,525,876$1,232,625$25,173,408
97$38,417,624$3,598,113$1,173,386$27,562,803
98$42,232,524$3,670,722$1,108,996$30,191,359
99$46,433,277$3,743,623$1,039,183$33,083,375
100$51,059,137$3,816,726$963,662$36,265,624