Can I retire at age 61 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$126,346$125,221$124,123$123,051$122,004$121,337
2 years$62,548$61,383$60,254$59,159$58,097$57,424
3 years$41,284$40,114$38,988$37,904$36,859$36,201
4 years$30,655$29,488$28,373$27,308$26,288$25,650
5 years$24,278$23,119$22,019$20,975$19,984$19,367
6 years$20,029$18,878$17,795$16,774$15,813$15,218
7 years$16,995$15,854$14,787$13,791$12,860$12,289
8 years$14,721$13,590$12,541$11,569$10,669$10,120
9 years$12,952$11,832$10,801$9,854$8,984$8,459
10 years$11,539$10,430$9,417$8,494$7,655$7,152
11 years$10,383$9,285$8,291$7,392$6,584$6,103
12 years$9,420$8,334$7,358$6,484$5,705$5,246
13 years$8,606$7,531$6,574$5,725$4,975$4,537
14 years$7,910$6,846$5,906$5,082$4,361$3,944
15 years$7,306$6,254$5,333$4,532$3,840$3,443
16 years$6,778$5,738$4,835$4,058$3,394$3,017
17 years$6,313$5,284$4,399$3,646$3,009$2,651
18 years$5,901$4,883$4,016$3,286$2,676$2,336
19 years$5,532$4,525$3,677$2,969$2,385$2,063
20 years$5,200$4,205$3,374$2,689$2,130$1,826
21 years$4,900$3,917$3,104$2,440$1,906$1,619
22 years$4,628$3,656$2,860$2,219$1,709$1,437
23 years$4,380$3,420$2,641$2,021$1,534$1,278
24 years$4,153$3,204$2,443$1,843$1,379$1,137
25 years$3,945$3,007$2,262$1,683$1,241$1,013
26 years$3,752$2,826$2,098$1,539$1,117$903
27 years$3,575$2,660$1,948$1,409$1,007$806
28 years$3,410$2,506$1,811$1,291$909$720
29 years$3,257$2,364$1,686$1,184$821$644
30 years$3,114$2,233$1,570$1,086$742$576
31 years$2,981$2,111$1,464$998$671$515
32 years$2,857$1,997$1,366$917$607$461
33 years$2,740$1,891$1,275$843$549$413
34 years$2,630$1,793$1,191$776$497$370
35 years$2,527$1,700$1,114$714$450$331
36 years$2,430$1,614$1,042$658$408$297
37 years$2,338$1,533$975$606$370$266
38 years$2,252$1,457$913$559$335$239
39 years$2,170$1,385$856$515$304$214
40 years$2,092$1,318$802$475$276$192
41 years$2,018$1,254$752$438$250$172
42 years$1,948$1,195$705$404$227$155
43 years$1,881$1,138$662$373$206$139
44 years$1,818$1,085$621$345$187$125
45 years$1,757$1,035$583$318$170$112
46 years$1,700$987$548$294$154$100
47 years$1,645$942$515$272$140$90
48 years$1,592$899$484$251$127$81
49 years$1,542$859$455$232$115$73
50 years$1,494$820$428$214$105$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,530,000, adding $3,884 every year, while hoping to spend $33,242 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: 56/37/7 Blend
60$1,530,000$1,530,000$1,530,000$1,530,000
61$1,690,066$1,608,976$1,585,261$1,781,841
62$1,827,084$1,652,447$1,602,998$1,887,608
63$1,976,963$1,696,933$1,620,215$1,998,700
64$2,140,981$1,742,451$1,636,860$2,118,878
65$2,320,543$1,789,013$1,652,877$2,249,012
66$2,517,197$1,836,634$1,668,207$2,390,059
67$2,732,649$1,885,327$1,682,790$2,543,071
68$2,968,777$1,935,104$1,696,561$2,709,207
69$3,227,647$1,985,980$1,709,450$2,889,744
70$3,511,537$2,037,963$1,721,388$3,086,086
71$3,822,957$2,091,066$1,732,297$3,299,780
72$4,164,668$2,145,298$1,742,099$3,532,529
73$4,539,715$2,200,669$1,750,710$3,786,210
74$4,951,450$2,257,185$1,758,042$4,062,887
75$5,403,565$2,314,854$1,764,004$4,364,836
76$5,900,128$2,373,682$1,768,498$4,694,563
77$6,445,621$2,433,672$1,771,422$5,054,826
78$7,044,980$2,494,828$1,772,670$5,448,667
79$7,703,644$2,557,150$1,772,131$5,879,434
80$8,427,604$2,620,638$1,769,685$6,350,815
81$9,223,460$2,685,291$1,765,211$6,866,875
82$10,098,486$2,751,103$1,758,578$7,432,091
83$11,060,692$2,818,068$1,749,651$8,051,394
84$12,118,907$2,886,177$1,738,289$8,730,218
85$13,282,855$2,955,419$1,724,341$9,474,551
86$14,563,253$3,025,781$1,707,653$10,290,988
87$15,971,905$3,097,245$1,688,060$11,186,798
88$17,521,821$3,169,792$1,665,392$12,169,987
89$19,227,333$3,243,398$1,639,468$13,249,380
90$21,104,234$3,318,037$1,610,103$14,434,698
91$23,169,923$3,393,678$1,577,099$15,736,653
92$25,443,574$3,470,287$1,540,250$17,167,049
93$27,946,312$3,547,824$1,499,342$18,738,893
94$30,701,415$3,626,247$1,454,150$20,466,517
95$33,734,533$3,705,507$1,404,438$22,365,715
96$37,073,929$3,785,551$1,349,960$24,453,890
97$40,750,745$3,866,318$1,290,459$26,750,218
98$44,799,298$3,947,744$1,225,666$29,275,834
99$49,257,400$4,029,758$1,155,299$32,054,023
100$54,166,719$4,112,280$1,079,066$35,110,448