Can I retire at age 61 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$124,694$123,584$122,500$121,442$120,410$117,690
2 years$61,730$60,580$59,466$58,386$57,338$54,612
3 years$40,744$39,590$38,478$37,408$36,377$33,731
4 years$30,254$29,103$28,002$26,951$25,945$23,398
5 years$23,961$22,817$21,731$20,701$19,723$17,283
6 years$19,767$18,632$17,562$16,554$15,606$13,276
7 years$16,773$15,647$14,594$13,610$12,692$10,472
8 years$14,528$13,412$12,377$11,417$10,529$8,418
9 years$12,783$11,678$10,660$9,725$8,867$6,863
10 years$11,388$10,293$9,294$8,383$7,555$5,657
11 years$10,247$9,164$8,182$7,296$6,498$4,702
12 years$9,297$8,225$7,261$6,399$5,631$3,935
13 years$8,494$7,433$6,488$5,650$4,910$3,311
14 years$7,806$6,756$5,829$5,015$4,304$2,798
15 years$7,211$6,172$5,263$4,473$3,790$2,374
16 years$6,690$5,663$4,772$4,005$3,349$2,020
17 years$6,231$5,215$4,342$3,598$2,970$1,723
18 years$5,823$4,819$3,964$3,243$2,641$1,473
19 years$5,459$4,466$3,629$2,930$2,354$1,262
20 years$5,132$4,150$3,330$2,654$2,102$1,083
21 years$4,836$3,866$3,063$2,408$1,881$930
22 years$4,568$3,608$2,823$2,190$1,686$800
23 years$4,323$3,375$2,607$1,994$1,514$688
24 years$4,099$3,162$2,411$1,819$1,361$593
25 years$3,893$2,967$2,233$1,661$1,224$511
26 years$3,703$2,789$2,071$1,519$1,103$441
27 years$3,528$2,625$1,923$1,390$994$380
28 years$3,365$2,473$1,788$1,274$897$328
29 years$3,214$2,333$1,664$1,168$810$284
30 years$3,074$2,204$1,549$1,072$732$245
31 years$2,942$2,083$1,445$985$662$212
32 years$2,819$1,971$1,348$905$599$183
33 years$2,704$1,867$1,258$832$542$158
34 years$2,596$1,769$1,176$766$491$137
35 years$2,494$1,678$1,099$705$444$118
36 years$2,398$1,593$1,028$649$403$102
37 years$2,308$1,513$963$598$365$89
38 years$2,222$1,438$901$551$331$77
39 years$2,141$1,367$844$508$300$66
40 years$2,064$1,301$792$469$272$57
41 years$1,992$1,238$742$433$247$50
42 years$1,922$1,179$696$399$224$43
43 years$1,857$1,123$653$368$203$37
44 years$1,794$1,071$613$340$184$32
45 years$1,734$1,021$576$314$167$28
46 years$1,678$974$541$290$152$24
47 years$1,623$930$508$268$138$21
48 years$1,571$887$477$248$125$18
49 years$1,522$847$449$229$114$16
50 years$1,474$809$422$212$103$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,510,000, adding $5,771 every year, while hoping to spend $21,950 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: 62/17/21 Blend
60$1,510,000$1,510,000$1,510,000$1,510,000
61$1,669,973$1,589,943$1,566,538$1,764,052
62$1,816,955$1,644,495$1,595,662$1,882,830
63$1,978,195$1,700,985$1,625,027$2,009,500
64$2,155,121$1,759,484$1,654,616$2,147,297
65$2,349,312$1,820,067$1,684,414$2,297,308
66$2,562,502$1,882,811$1,714,402$2,460,729
67$2,796,605$1,947,797$1,744,562$2,638,878
68$3,053,728$2,015,108$1,774,874$2,833,204
69$3,336,191$2,084,831$1,805,315$3,045,304
70$3,646,551$2,157,056$1,835,862$3,276,936
71$3,987,625$2,231,878$1,866,489$3,530,036
72$4,362,516$2,309,393$1,897,169$3,806,735
73$4,774,642$2,389,703$1,927,875$4,109,381
74$5,227,771$2,472,914$1,958,574$4,440,560
75$5,726,052$2,559,135$1,989,234$4,803,119
76$6,274,056$2,648,479$2,019,820$5,200,195
77$6,876,821$2,741,066$2,050,295$5,635,242
78$7,539,896$2,837,018$2,080,620$6,112,067
79$8,269,397$2,936,463$2,110,752$6,634,860
80$9,072,061$3,039,535$2,140,648$7,208,239
81$9,955,311$3,146,372$2,170,259$7,837,290
82$10,927,325$3,257,117$2,199,536$8,527,617
83$11,997,118$3,371,921$2,228,425$9,285,393
84$13,174,618$3,490,939$2,256,872$10,117,418
85$14,470,768$3,614,334$2,284,816$11,031,183
86$15,897,624$3,742,274$2,312,194$12,034,944
87$17,468,470$3,874,934$2,338,942$13,137,793
88$19,197,946$4,012,497$2,364,988$14,349,750
89$21,102,180$4,155,153$2,390,259$15,681,853
90$23,198,946$4,303,100$2,414,676$17,146,264
91$25,507,830$4,456,543$2,438,159$18,756,383
92$28,050,411$4,615,696$2,460,620$20,526,975
93$30,850,470$4,780,782$2,481,968$22,474,307
94$33,934,211$4,952,033$2,502,107$24,616,304
95$37,330,508$5,129,691$2,520,935$26,972,714
96$41,071,181$5,314,007$2,538,348$29,565,301
97$45,191,291$5,505,243$2,554,232$32,418,041
98$49,729,474$5,703,671$2,568,470$35,557,356
99$54,728,305$5,909,575$2,580,938$39,012,359
100$60,234,699$6,123,251$2,591,506$42,815,128