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%11.4%
1 years$126,346$125,221$124,123$123,051$122,004$121,286
2 years$62,548$61,383$60,254$59,159$58,097$57,373
3 years$41,284$40,114$38,988$37,904$36,859$36,151
4 years$30,655$29,488$28,373$27,308$26,288$25,602
5 years$24,278$23,119$22,019$20,975$19,984$19,321
6 years$20,029$18,878$17,795$16,774$15,813$15,174
7 years$16,995$15,854$14,787$13,791$12,860$12,246
8 years$14,721$13,590$12,541$11,569$10,669$10,079
9 years$12,952$11,832$10,801$9,854$8,984$8,420
10 years$11,539$10,430$9,417$8,494$7,655$7,115
11 years$10,383$9,285$8,291$7,392$6,584$6,067
12 years$9,420$8,334$7,358$6,484$5,705$5,212
13 years$8,606$7,531$6,574$5,725$4,975$4,505
14 years$7,910$6,846$5,906$5,082$4,361$3,913
15 years$7,306$6,254$5,333$4,532$3,840$3,414
16 years$6,778$5,738$4,835$4,058$3,394$2,989
17 years$6,313$5,284$4,399$3,646$3,009$2,625
18 years$5,901$4,883$4,016$3,286$2,676$2,312
19 years$5,532$4,525$3,677$2,969$2,385$2,040
20 years$5,200$4,205$3,374$2,689$2,130$1,804
21 years$4,900$3,917$3,104$2,440$1,906$1,598
22 years$4,628$3,656$2,860$2,219$1,709$1,418
23 years$4,380$3,420$2,641$2,021$1,534$1,260
24 years$4,153$3,204$2,443$1,843$1,379$1,120
25 years$3,945$3,007$2,262$1,683$1,241$997
26 years$3,752$2,826$2,098$1,539$1,117$889
27 years$3,575$2,660$1,948$1,409$1,007$793
28 years$3,410$2,506$1,811$1,291$909$707
29 years$3,257$2,364$1,686$1,184$821$632
30 years$3,114$2,233$1,570$1,086$742$564
31 years$2,981$2,111$1,464$998$671$504
32 years$2,857$1,997$1,366$917$607$451
33 years$2,740$1,891$1,275$843$549$404
34 years$2,630$1,793$1,191$776$497$361
35 years$2,527$1,700$1,114$714$450$323
36 years$2,430$1,614$1,042$658$408$290
37 years$2,338$1,533$975$606$370$259
38 years$2,252$1,457$913$559$335$232
39 years$2,170$1,385$856$515$304$208
40 years$2,092$1,318$802$475$276$187
41 years$2,018$1,254$752$438$250$167
42 years$1,948$1,195$705$404$227$150
43 years$1,881$1,138$662$373$206$135
44 years$1,818$1,085$621$345$187$121
45 years$1,757$1,035$583$318$170$108
46 years$1,700$987$548$294$154$97
47 years$1,645$942$515$272$140$87
48 years$1,592$899$484$251$127$78
49 years$1,542$859$455$232$115$70
50 years$1,494$820$428$214$105$63

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 $4,747 every year, while hoping to spend $49,129 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: 32/43/25 Blend
60$1,530,000$1,530,000$1,530,000$1,530,000
61$1,690,957$1,609,867$1,586,152$1,731,979
62$1,811,161$1,636,477$1,587,015$1,790,144
63$1,941,980$1,662,745$1,586,260$1,848,032
64$2,084,444$1,688,602$1,583,782$1,909,399
65$2,239,688$1,713,973$1,579,469$1,974,582
66$2,408,959$1,738,781$1,573,204$2,043,958
67$2,593,631$1,762,940$1,564,865$2,117,939
68$2,795,218$1,786,360$1,554,324$2,196,987
69$3,015,383$1,808,944$1,541,447$2,281,609
70$3,255,959$1,830,590$1,526,092$2,372,369
71$3,518,963$1,851,185$1,508,113$2,469,890
72$3,806,617$1,870,613$1,487,354$2,574,864
73$4,121,367$1,888,748$1,463,655$2,688,053
74$4,465,905$1,905,455$1,436,846$2,810,304
75$4,843,196$1,920,591$1,406,750$2,942,552
76$5,256,507$1,934,005$1,373,181$3,085,832
77$5,709,434$1,945,535$1,335,946$3,241,290
78$6,205,938$1,955,008$1,294,842$3,410,193
79$6,750,381$1,962,240$1,249,656$3,593,940
80$7,347,566$1,967,037$1,200,166$3,794,082
81$8,002,788$1,969,191$1,146,141$4,012,330
82$8,721,873$1,968,482$1,087,338$4,250,580
83$9,511,244$1,964,677$1,023,503$4,510,924
84$10,377,972$1,957,528$954,372$4,795,677
85$11,329,848$1,946,770$879,667$5,107,394
86$12,375,456$1,932,125$799,099$5,448,903
87$13,524,250$1,913,296$712,366$5,823,326
88$14,786,645$1,889,969$619,152$6,234,113
89$16,174,116$1,861,812$519,127$6,685,075
90$17,699,306$1,828,470$411,947$7,180,422
91$19,376,141$1,789,571$297,253$7,724,804
92$21,219,965$1,744,718$174,669$8,323,357
93$23,247,684$1,693,492$43,804$8,981,753
94$25,477,925$1,635,449$0$9,706,253
95$27,931,207$1,570,120$0$10,529,342
96$30,630,142$1,497,008$0$11,447,216
97$33,599,642$1,415,587$0$12,456,726
98$36,867,156$1,325,301$0$13,567,300
99$40,462,927$1,225,562$0$14,789,336
100$44,420,279$1,115,748$0$16,134,305