Can I retire at age 61 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$127,172$126,039$124,934$123,855$122,802$121,671
2 years$62,956$61,784$60,647$59,546$58,477$57,338
3 years$41,554$40,376$39,243$38,152$37,100$35,988
4 years$30,855$29,681$28,559$27,486$26,460$25,383
5 years$24,437$23,270$22,163$21,112$20,115$19,076
6 years$20,160$19,002$17,911$16,883$15,916$14,918
7 years$17,106$15,958$14,884$13,881$12,944$11,986
8 years$14,817$13,679$12,623$11,644$10,738$9,820
9 years$13,037$11,910$10,872$9,918$9,043$8,165
10 years$11,614$10,498$9,478$8,550$7,705$6,867
11 years$10,451$9,346$8,345$7,441$6,627$5,827
12 years$9,482$8,388$7,406$6,527$5,743$4,981
13 years$8,663$7,580$6,617$5,762$5,008$4,283
14 years$7,961$6,890$5,945$5,115$4,390$3,701
15 years$7,354$6,295$5,368$4,562$3,865$3,212
16 years$6,823$5,775$4,866$4,084$3,416$2,797
17 years$6,355$5,319$4,428$3,670$3,029$2,442
18 years$5,939$4,915$4,042$3,307$2,693$2,139
19 years$5,568$4,555$3,701$2,988$2,400$1,877
20 years$5,234$4,233$3,396$2,707$2,144$1,650
21 years$4,932$3,943$3,124$2,456$1,919$1,453
22 years$4,658$3,680$2,879$2,233$1,720$1,281
23 years$4,409$3,442$2,658$2,034$1,544$1,131
24 years$4,180$3,225$2,459$1,855$1,388$1,000
25 years$3,970$3,026$2,277$1,694$1,249$885
26 years$3,777$2,844$2,112$1,549$1,125$784
27 years$3,598$2,677$1,961$1,418$1,014$694
28 years$3,432$2,522$1,823$1,299$915$616
29 years$3,278$2,380$1,697$1,191$826$546
30 years$3,135$2,247$1,580$1,093$747$485
31 years$3,001$2,124$1,473$1,004$675$431
32 years$2,875$2,010$1,375$923$611$383
33 years$2,758$1,904$1,283$849$553$340
34 years$2,648$1,804$1,199$781$500$302
35 years$2,544$1,711$1,121$719$453$269
36 years$2,446$1,624$1,049$662$411$239
37 years$2,354$1,543$982$610$372$213
38 years$2,266$1,466$919$562$337$189
39 years$2,184$1,394$861$518$306$169
40 years$2,105$1,326$807$478$277$150
41 years$2,031$1,263$757$441$252$134
42 years$1,961$1,202$710$407$228$119
43 years$1,894$1,146$666$376$207$106
44 years$1,830$1,092$625$347$188$94
45 years$1,769$1,041$587$320$171$84
46 years$1,711$993$552$296$155$75
47 years$1,656$948$518$273$141$67
48 years$1,603$905$487$253$128$59
49 years$1,552$864$458$234$116$53
50 years$1,504$826$430$216$106$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,540,000, adding $5,505 every year, while hoping to spend $59,835 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: 30/50/20 Blend
60$1,540,000$1,540,000$1,540,000$1,540,000
61$1,702,758$1,621,138$1,597,268$1,743,023
62$1,812,776$1,636,910$1,587,113$1,789,854
63$1,932,010$1,651,449$1,574,612$1,834,438
64$2,061,337$1,664,632$1,559,623$1,881,138
65$2,201,721$1,676,328$1,541,999$1,930,172
66$2,354,224$1,686,395$1,521,583$1,981,786
67$2,520,012$1,694,685$1,498,213$2,036,254
68$2,700,368$1,701,040$1,471,719$2,093,881
69$2,896,706$1,705,291$1,441,921$2,155,009
70$3,110,577$1,707,258$1,408,633$2,220,021
71$3,343,694$1,706,752$1,371,660$2,289,340
72$3,597,938$1,703,569$1,330,798$2,363,441
73$3,875,380$1,697,496$1,285,832$2,442,853
74$4,178,300$1,688,305$1,236,538$2,528,163
75$4,509,208$1,675,754$1,182,684$2,620,026
76$4,870,868$1,659,586$1,124,024$2,719,171
77$5,266,321$1,639,530$1,060,304$2,826,409
78$5,698,917$1,615,299$991,255$2,942,641
79$6,172,344$1,586,586$916,600$3,068,868
80$6,690,663$1,553,068$836,046$3,206,204
81$7,258,345$1,514,404$749,288$3,355,884
82$7,880,317$1,470,230$656,010$3,519,281
83$8,562,000$1,420,162$555,877$3,697,918
84$9,309,368$1,363,794$448,543$3,893,485
85$10,129,001$1,300,697$333,647$4,107,857
86$11,028,144$1,230,416$210,808$4,343,114
87$12,014,777$1,152,469$79,633$4,601,559
88$13,097,693$1,066,348$0$4,885,747
89$14,286,574$971,516$0$5,211,389
90$15,592,088$867,404$0$5,587,714
91$17,025,986$753,412$0$6,001,279
92$18,601,212$628,904$0$6,456,030
93$20,332,026$493,210$0$6,956,329
94$22,234,137$345,623$0$7,506,998
95$24,324,854$185,393$0$8,113,364
96$26,623,243$11,732$0$8,781,317
97$29,150,312$0$0$9,517,364
98$31,929,203$0$0$10,425,636
99$34,985,417$0$0$11,431,920
100$38,347,046$0$0$12,539,046