Can I retire at age 61 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$120,565$119,492$118,444$117,421$116,422$114,872
2 years$59,686$58,574$57,497$56,452$55,439$53,880
3 years$39,395$38,279$37,204$36,170$35,173$33,653
4 years$29,252$28,139$27,075$26,058$25,086$23,617
5 years$23,168$22,061$21,011$20,015$19,070$17,656
6 years$19,113$18,015$16,980$16,006$15,089$13,733
7 years$16,217$15,129$14,111$13,160$12,272$10,973
8 years$14,047$12,968$11,967$11,039$10,180$8,939
9 years$12,360$11,291$10,307$9,403$8,573$7,389
10 years$11,011$9,953$8,986$8,106$7,305$6,176
11 years$9,908$8,860$7,911$7,054$6,283$5,209
12 years$8,989$7,952$7,021$6,188$5,444$4,424
13 years$8,213$7,187$6,273$5,463$4,748$3,780
14 years$7,548$6,532$5,636$4,849$4,162$3,245
15 years$6,972$5,968$5,089$4,325$3,664$2,796
16 years$6,468$5,475$4,614$3,872$3,238$2,418
17 years$6,025$5,042$4,198$3,479$2,871$2,097
18 years$5,631$4,659$3,832$3,135$2,553$1,823
19 years$5,279$4,318$3,508$2,833$2,276$1,588
20 years$4,962$4,013$3,220$2,566$2,033$1,386
21 years$4,676$3,738$2,962$2,329$1,819$1,212
22 years$4,416$3,489$2,730$2,117$1,631$1,061
23 years$4,180$3,263$2,520$1,928$1,464$929
24 years$3,963$3,057$2,331$1,759$1,316$815
25 years$3,764$2,869$2,159$1,606$1,184$716
26 years$3,581$2,697$2,002$1,469$1,066$629
27 years$3,411$2,538$1,859$1,344$961$553
28 years$3,254$2,391$1,728$1,232$867$486
29 years$3,108$2,256$1,608$1,129$783$428
30 years$2,972$2,131$1,498$1,037$708$377
31 years$2,845$2,014$1,397$952$640$332
32 years$2,726$1,906$1,303$875$579$292
33 years$2,615$1,805$1,217$805$524$258
34 years$2,510$1,710$1,137$740$474$227
35 years$2,412$1,622$1,063$681$430$200
36 years$2,319$1,540$994$628$389$177
37 years$2,231$1,463$931$578$353$156
38 years$2,149$1,390$872$533$320$138
39 years$2,070$1,322$817$491$290$121
40 years$1,996$1,257$765$453$263$107
41 years$1,926$1,197$718$418$239$95
42 years$1,859$1,140$673$386$217$83
43 years$1,795$1,086$632$356$197$74
44 years$1,735$1,035$593$329$178$65
45 years$1,677$987$557$304$162$57
46 years$1,622$942$523$281$147$51
47 years$1,570$899$491$259$134$45
48 years$1,519$858$462$240$121$40
49 years$1,471$819$434$221$110$35
50 years$1,425$783$408$205$100$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,460,000, adding $4,271 every year, while hoping to spend $23,650 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: 51/20/29 Blend
60$1,460,000$1,460,000$1,460,000$1,460,000
61$1,613,326$1,535,946$1,513,316$1,682,211
62$1,752,721$1,586,043$1,538,848$1,780,832
63$1,905,543$1,637,804$1,564,444$1,885,308
64$2,073,135$1,691,282$1,590,079$1,998,460
65$2,256,977$1,746,538$1,615,729$2,121,124
66$2,458,702$1,803,631$1,641,369$2,254,222
67$2,680,105$1,862,625$1,666,971$2,398,770
68$2,923,166$1,923,584$1,692,504$2,555,883
69$3,190,064$1,986,575$1,717,939$2,726,792
70$3,483,201$2,051,667$1,743,240$2,912,851
71$3,805,222$2,118,933$1,768,373$3,115,551
72$4,159,042$2,188,448$1,793,300$3,336,535
73$4,547,870$2,260,288$1,817,982$3,577,611
74$4,975,244$2,334,533$1,842,375$3,840,770
75$5,445,059$2,411,266$1,866,436$4,128,209
76$5,961,610$2,490,573$1,890,116$4,442,341
77$6,529,625$2,572,542$1,913,366$4,785,830
78$7,154,316$2,657,265$1,936,132$5,161,607
79$7,841,423$2,744,838$1,958,360$5,572,903
80$8,597,272$2,835,359$1,979,989$6,023,275
81$9,428,833$2,928,930$2,000,957$6,516,644
82$10,343,784$3,025,658$2,021,199$7,057,327
83$11,350,585$3,125,651$2,040,645$7,650,082
84$12,458,561$3,229,024$2,059,223$8,300,151
85$13,677,981$3,335,893$2,076,854$9,013,307
86$15,020,165$3,446,382$2,093,459$9,795,914
87$16,497,584$3,560,616$2,108,951$10,654,982
88$18,123,977$3,678,726$2,123,241$11,598,233
89$19,914,488$3,800,849$2,136,234$12,634,179
90$21,885,799$3,927,124$2,147,831$13,772,194
91$24,056,295$4,057,698$2,157,928$15,022,612
92$26,446,234$4,192,721$2,166,415$16,396,816
93$29,077,936$4,332,351$2,173,177$17,907,350
94$31,975,999$4,476,749$2,178,091$19,568,036
95$35,167,525$4,626,085$2,181,032$21,394,102
96$38,682,382$4,780,532$2,181,866$23,402,333
97$42,553,478$4,940,271$2,180,452$25,611,219
98$46,817,080$5,105,492$2,176,644$28,041,138
99$51,513,148$5,276,387$2,170,287$30,714,544
100$56,685,718$5,453,158$2,161,221$33,656,180