Can I retire at age 61 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$123,043$121,947$120,878$119,834$118,815$115,011
2 years$60,912$59,778$58,678$57,612$56,578$52,782
3 years$40,205$39,065$37,969$36,913$35,896$32,225
4 years$29,853$28,717$27,632$26,594$25,601$22,084
5 years$23,644$22,515$21,443$20,426$19,462$16,108
6 years$19,505$18,385$17,329$16,335$15,399$12,212
7 years$16,551$15,440$14,401$13,430$12,524$9,502
8 years$14,336$13,235$12,213$11,266$10,390$7,532
9 years$12,614$11,523$10,519$9,596$8,750$6,052
10 years$11,237$10,157$9,171$8,272$7,455$4,914
11 years$10,111$9,042$8,074$7,199$6,412$4,022
12 years$9,174$8,116$7,165$6,315$5,556$3,313
13 years$8,381$7,334$6,402$5,575$4,845$2,743
14 years$7,703$6,667$5,752$4,949$4,247$2,280
15 years$7,115$6,090$5,193$4,413$3,740$1,902
16 years$6,601$5,588$4,708$3,952$3,305$1,591
17 years$6,148$5,146$4,284$3,551$2,930$1,334
18 years$5,746$4,755$3,911$3,200$2,606$1,120
19 years$5,387$4,407$3,580$2,891$2,322$942
20 years$5,064$4,095$3,286$2,619$2,074$794
21 years$4,772$3,815$3,022$2,377$1,856$669
22 years$4,507$3,561$2,786$2,161$1,664$565
23 years$4,266$3,330$2,572$1,968$1,494$477
24 years$4,045$3,120$2,379$1,795$1,343$403
25 years$3,841$2,928$2,203$1,639$1,208$341
26 years$3,654$2,752$2,043$1,499$1,088$289
27 years$3,481$2,590$1,897$1,372$981$244
28 years$3,321$2,441$1,764$1,257$885$207
29 years$3,172$2,302$1,641$1,153$799$175
30 years$3,033$2,174$1,529$1,058$722$148
31 years$2,903$2,055$1,425$972$653$126
32 years$2,782$1,945$1,330$893$591$107
33 years$2,668$1,842$1,242$821$535$90
34 years$2,562$1,746$1,160$755$484$77
35 years$2,461$1,656$1,085$695$438$65
36 years$2,366$1,572$1,015$640$397$55
37 years$2,277$1,493$950$590$360$47
38 years$2,193$1,418$889$544$326$40
39 years$2,113$1,349$833$502$296$34
40 years$2,037$1,283$781$463$268$28
41 years$1,965$1,222$732$427$244$24
42 years$1,897$1,163$687$394$221$20
43 years$1,832$1,108$645$364$201$17
44 years$1,770$1,057$605$336$182$15
45 years$1,711$1,008$568$310$165$12
46 years$1,655$961$534$286$150$11
47 years$1,602$917$501$265$136$9
48 years$1,551$876$471$244$124$8
49 years$1,502$836$443$226$112$6
50 years$1,455$799$416$209$102$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,490,000, adding $6,260 every year, while hoping to spend $36,293 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: 60/24/16 Blend
60$1,490,000$1,490,000$1,490,000$1,490,000
61$1,648,437$1,569,467$1,546,372$1,740,278
62$1,777,962$1,607,756$1,559,560$1,841,270
63$1,919,483$1,646,704$1,571,974$1,946,797
64$2,074,183$1,686,306$1,583,548$2,061,068
65$2,243,369$1,726,554$1,594,216$2,184,932
66$2,428,477$1,767,439$1,603,907$2,319,325
67$2,631,089$1,808,951$1,612,545$2,465,280
68$2,852,947$1,851,076$1,620,052$2,623,930
69$3,095,969$1,893,801$1,626,345$2,796,528
70$3,362,268$1,937,107$1,631,338$2,984,452
71$3,654,171$1,980,977$1,634,939$3,189,220
72$3,974,239$2,025,388$1,637,053$3,412,506
73$4,325,296$2,070,316$1,637,579$3,656,153
74$4,710,450$2,115,736$1,636,411$3,922,192
75$5,133,125$2,161,616$1,633,440$4,212,862
76$5,597,092$2,207,923$1,628,548$4,530,630
77$6,106,506$2,254,622$1,621,616$4,878,212
78$6,665,944$2,301,672$1,612,513$5,258,604
79$7,280,446$2,349,030$1,601,108$5,675,106
80$7,955,566$2,396,647$1,587,260$6,131,355
81$8,697,423$2,444,472$1,570,823$6,631,360
82$9,512,757$2,492,448$1,551,642$7,179,536
83$10,408,992$2,540,512$1,529,557$7,780,753
84$11,394,311$2,588,599$1,504,398$8,440,375
85$12,477,726$2,636,636$1,475,991$9,164,314
86$13,669,167$2,684,543$1,444,149$9,959,084
87$14,979,574$2,732,238$1,408,680$10,831,869
88$16,421,001$2,779,629$1,369,382$11,790,580
89$18,006,730$2,826,617$1,326,043$12,843,940
90$19,751,392$2,873,097$1,278,441$14,001,562
91$21,671,112$2,918,957$1,226,347$15,274,039
92$23,783,653$2,964,073$1,169,517$16,673,046
93$26,108,589$3,008,316$1,107,699$18,211,451
94$28,667,486$3,051,545$1,040,628$19,903,437
95$31,484,110$3,093,611$968,030$21,764,631
96$34,584,645$3,134,353$889,614$23,812,260
97$37,997,942$3,173,600$805,079$26,065,308
98$41,755,794$3,211,169$714,112$28,544,697
99$45,893,232$3,246,863$616,381$31,273,488
100$50,448,857$3,280,474$511,545$34,277,093