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%13.5%
1 years$124,694$123,584$122,500$121,442$120,410$118,659
2 years$61,730$60,580$59,466$58,386$57,338$55,578
3 years$40,744$39,590$38,478$37,408$36,377$34,663
4 years$30,254$29,103$28,002$26,951$25,945$24,289
5 years$23,961$22,817$21,731$20,701$19,723$18,130
6 years$19,767$18,632$17,562$16,554$15,606$14,078
7 years$16,773$15,647$14,594$13,610$12,692$11,230
8 years$14,528$13,412$12,377$11,417$10,529$9,133
9 years$12,783$11,678$10,660$9,725$8,867$7,535
10 years$11,388$10,293$9,294$8,383$7,555$6,287
11 years$10,247$9,164$8,182$7,296$6,498$5,292
12 years$9,297$8,225$7,261$6,399$5,631$4,487
13 years$8,494$7,433$6,488$5,650$4,910$3,826
14 years$7,806$6,756$5,829$5,015$4,304$3,277
15 years$7,211$6,172$5,263$4,473$3,790$2,819
16 years$6,690$5,663$4,772$4,005$3,349$2,433
17 years$6,231$5,215$4,342$3,598$2,970$2,105
18 years$5,823$4,819$3,964$3,243$2,641$1,826
19 years$5,459$4,466$3,629$2,930$2,354$1,588
20 years$5,132$4,150$3,330$2,654$2,102$1,383
21 years$4,836$3,866$3,063$2,408$1,881$1,206
22 years$4,568$3,608$2,823$2,190$1,686$1,053
23 years$4,323$3,375$2,607$1,994$1,514$920
24 years$4,099$3,162$2,411$1,819$1,361$805
25 years$3,893$2,967$2,233$1,661$1,224$705
26 years$3,703$2,789$2,071$1,519$1,103$618
27 years$3,528$2,625$1,923$1,390$994$542
28 years$3,365$2,473$1,788$1,274$897$476
29 years$3,214$2,333$1,664$1,168$810$418
30 years$3,074$2,204$1,549$1,072$732$367
31 years$2,942$2,083$1,445$985$662$322
32 years$2,819$1,971$1,348$905$599$283
33 years$2,704$1,867$1,258$832$542$249
34 years$2,596$1,769$1,176$766$491$219
35 years$2,494$1,678$1,099$705$444$193
36 years$2,398$1,593$1,028$649$403$170
37 years$2,308$1,513$963$598$365$149
38 years$2,222$1,438$901$551$331$131
39 years$2,141$1,367$844$508$300$116
40 years$2,064$1,301$792$469$272$102
41 years$1,992$1,238$742$433$247$90
42 years$1,922$1,179$696$399$224$79
43 years$1,857$1,123$653$368$203$69
44 years$1,794$1,071$613$340$184$61
45 years$1,734$1,021$576$314$167$54
46 years$1,678$974$541$290$152$47
47 years$1,623$930$508$268$138$42
48 years$1,571$887$477$248$125$37
49 years$1,522$847$449$229$114$32
50 years$1,474$809$422$212$103$29

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 $2,441 every year, while hoping to spend $29,217 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: 73/10/17 Blend
60$1,510,000$1,510,000$1,510,000$1,510,000
61$1,666,538$1,586,508$1,563,103$1,781,503
62$1,805,438$1,633,160$1,584,380$1,904,733
63$1,957,527$1,681,119$1,605,391$2,035,888
64$2,124,119$1,730,418$1,626,096$2,178,799
65$2,306,661$1,781,091$1,646,452$2,334,628
66$2,506,748$1,833,171$1,666,416$2,504,652
67$2,726,135$1,886,696$1,685,939$2,690,280
68$2,966,756$1,941,699$1,704,974$2,893,061
69$3,230,741$1,998,218$1,723,466$3,114,705
70$3,520,436$2,056,290$1,741,362$3,357,092
71$3,838,424$2,115,953$1,758,601$3,622,295
72$4,187,553$2,177,244$1,775,124$3,912,598
73$4,570,958$2,240,203$1,790,865$4,230,516
74$4,992,093$2,304,870$1,805,756$4,578,819
75$5,454,763$2,371,285$1,819,725$4,960,560
76$5,963,160$2,439,489$1,832,697$5,379,103
77$6,521,901$2,509,523$1,844,592$5,838,153
78$7,136,075$2,581,430$1,855,325$6,341,793
79$7,811,286$2,655,251$1,864,810$6,894,521
80$8,553,710$2,731,031$1,872,954$7,501,292
81$9,370,149$2,808,813$1,879,659$8,167,568
82$10,268,100$2,888,640$1,884,823$8,899,365
83$11,255,821$2,970,559$1,888,340$9,703,313
84$12,342,412$3,054,613$1,890,096$10,586,717
85$13,537,898$3,140,849$1,889,974$11,557,627
86$14,853,324$3,229,311$1,887,849$12,624,912
87$16,300,863$3,320,048$1,883,592$13,798,344
88$17,893,925$3,413,103$1,877,066$15,088,694
89$19,647,286$3,508,526$1,868,128$16,507,829
90$21,577,227$3,606,362$1,856,628$18,068,824
91$23,701,688$3,706,658$1,842,410$19,786,090
92$26,040,438$3,809,461$1,825,308$21,675,505
93$28,615,257$3,914,819$1,805,150$23,754,565
94$31,450,146$4,022,779$1,781,756$26,042,553
95$34,571,553$4,133,387$1,754,936$28,560,715
96$38,008,618$4,246,689$1,724,493$31,332,465
97$41,793,452$4,362,732$1,690,219$34,383,603
98$45,961,441$4,481,563$1,651,898$37,742,562
99$50,551,573$4,603,225$1,609,302$41,440,673
100$55,606,814$4,727,763$1,562,194$45,512,462