Can I retire at age 61 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$121,391$120,310$119,255$118,225$117,220$114,108
2 years$60,095$58,975$57,891$56,839$55,819$52,706
3 years$39,665$38,541$37,459$36,417$35,414$32,397
4 years$29,452$28,332$27,261$26,237$25,257$22,359
5 years$23,326$22,212$21,155$20,152$19,200$16,429
6 years$19,244$18,138$17,097$16,116$15,193$12,551
7 years$16,329$15,232$14,207$13,250$12,356$9,844
8 years$14,143$13,057$12,049$11,115$10,250$7,867
9 years$12,444$11,368$10,378$9,467$8,632$6,376
10 years$11,086$10,021$9,048$8,161$7,355$5,222
11 years$9,976$8,921$7,965$7,103$6,326$4,313
12 years$9,051$8,007$7,069$6,230$5,482$3,586
13 years$8,269$7,236$6,316$5,500$4,780$2,997
14 years$7,599$6,577$5,675$4,882$4,190$2,516
15 years$7,020$6,008$5,124$4,354$3,689$2,120
16 years$6,513$5,513$4,645$3,899$3,261$1,791
17 years$6,066$5,077$4,227$3,503$2,891$1,517
18 years$5,669$4,691$3,859$3,157$2,571$1,287
19 years$5,315$4,348$3,532$2,852$2,291$1,094
20 years$4,996$4,040$3,242$2,583$2,047$932
21 years$4,708$3,763$2,982$2,345$1,831$794
22 years$4,447$3,513$2,748$2,132$1,642$678
23 years$4,208$3,286$2,538$1,942$1,474$579
24 years$3,990$3,078$2,347$1,771$1,325$495
25 years$3,790$2,889$2,174$1,617$1,192$423
26 years$3,605$2,715$2,016$1,479$1,074$362
27 years$3,435$2,555$1,872$1,353$968$310
28 years$3,276$2,408$1,740$1,240$873$265
29 years$3,129$2,271$1,619$1,137$789$227
30 years$2,992$2,145$1,508$1,044$713$195
31 years$2,864$2,028$1,406$958$644$167
32 years$2,745$1,919$1,312$881$583$143
33 years$2,633$1,817$1,225$810$527$123
34 years$2,527$1,722$1,145$745$478$105
35 years$2,428$1,633$1,070$686$433$90
36 years$2,335$1,550$1,001$632$392$77
37 years$2,247$1,473$937$582$355$66
38 years$2,163$1,399$877$537$322$57
39 years$2,084$1,331$822$495$292$49
40 years$2,010$1,266$771$456$265$42
41 years$1,939$1,205$723$421$240$36
42 years$1,872$1,148$678$389$218$31
43 years$1,808$1,094$636$359$198$27
44 years$1,747$1,042$597$331$180$23
45 years$1,689$994$561$306$163$20
46 years$1,633$948$526$283$148$17
47 years$1,580$905$495$261$134$14
48 years$1,530$864$465$241$122$12
49 years$1,481$825$437$223$111$11
50 years$1,435$788$411$206$101$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,470,000, adding $3,493 every year, while hoping to spend $53,241 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: 61/13/26 Blend
60$1,470,000$1,470,000$1,470,000$1,470,000
61$1,623,543$1,545,633$1,522,848$1,711,082
62$1,732,496$1,564,721$1,517,215$1,790,070
63$1,850,779$1,582,960$1,509,610$1,870,163
64$1,979,285$1,600,252$1,499,909$1,956,441
65$2,119,000$1,616,493$1,487,984$2,049,518
66$2,271,008$1,631,571$1,473,701$2,150,070
67$2,436,501$1,645,368$1,456,920$2,258,846
68$2,616,790$1,657,757$1,437,493$2,376,670
69$2,813,320$1,668,603$1,415,266$2,504,454
70$3,027,678$1,677,765$1,390,077$2,643,202
71$3,261,614$1,685,088$1,361,757$2,794,024
72$3,517,052$1,690,411$1,330,130$2,958,145
73$3,796,112$1,693,562$1,295,010$3,136,915
74$4,101,126$1,694,357$1,256,203$3,331,826
75$4,434,663$1,692,602$1,213,508$3,544,524
76$4,799,550$1,688,091$1,166,712$3,776,825
77$5,198,900$1,680,604$1,115,593$4,030,733
78$5,636,143$1,669,909$1,059,921$4,308,457
79$6,115,054$1,655,758$999,452$4,612,439
80$6,639,791$1,637,892$933,935$4,945,370
81$7,214,932$1,616,031$863,104$5,310,218
82$7,845,521$1,589,882$786,684$5,710,260
83$8,537,112$1,559,134$704,386$6,149,111
84$9,295,822$1,523,457$615,908$6,630,756
85$10,128,391$1,482,501$520,936$7,159,593
86$11,042,241$1,435,897$419,140$7,740,473
87$12,045,546$1,383,253$310,178$8,378,747
88$13,147,314$1,324,155$193,692$9,080,317
89$14,357,466$1,258,164$69,306$9,851,692
90$15,686,931$1,184,818$0$10,700,050
91$17,147,749$1,103,625$0$11,650,907
92$18,753,184$1,014,067$0$12,717,060
93$20,517,849$915,596$0$13,889,009
94$22,457,842$807,633$0$15,177,495
95$24,590,901$689,566$0$16,594,358
96$26,936,566$560,748$0$18,152,643
97$29,516,367$420,496$0$19,866,730
98$32,354,024$268,088$0$21,752,465
99$35,475,672$102,762$0$23,827,311
100$38,910,107$0$0$26,110,514