Can I retire at age 61 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$127,998$126,857$125,745$124,659$123,599$119,547
2 years$63,365$62,185$61,041$59,932$58,857$54,813
3 years$41,824$40,639$39,498$38,399$37,341$33,433
4 years$31,055$29,874$28,744$27,664$26,632$22,889
5 years$24,596$23,421$22,307$21,249$20,245$16,677
6 years$20,291$19,125$18,027$16,993$16,019$12,629
7 years$17,217$16,061$14,981$13,971$13,028$9,816
8 years$14,913$13,768$12,705$11,720$10,808$7,771
9 years$13,122$11,987$10,943$9,983$9,102$6,237
10 years$11,690$10,566$9,540$8,605$7,755$5,058
11 years$10,519$9,406$8,399$7,489$6,670$4,134
12 years$9,543$8,443$7,454$6,569$5,780$3,401
13 years$8,719$7,630$6,659$5,799$5,040$2,812
14 years$8,013$6,935$5,984$5,148$4,418$2,335
15 years$7,402$6,335$5,402$4,591$3,890$1,945
16 years$6,867$5,813$4,898$4,111$3,438$1,624
17 years$6,396$5,353$4,457$3,694$3,048$1,360
18 years$5,978$4,947$4,069$3,329$2,711$1,140
19 years$5,604$4,584$3,725$3,008$2,416$958
20 years$5,268$4,260$3,418$2,724$2,158$806
21 years$4,964$3,968$3,144$2,472$1,931$678
22 years$4,689$3,704$2,898$2,248$1,731$572
23 years$4,437$3,464$2,676$2,047$1,554$482
24 years$4,207$3,246$2,475$1,867$1,397$407
25 years$3,996$3,046$2,292$1,705$1,257$343
26 years$3,801$2,863$2,126$1,559$1,132$290
27 years$3,621$2,694$1,974$1,427$1,021$245
28 years$3,455$2,539$1,835$1,308$921$207
29 years$3,300$2,395$1,708$1,199$832$175
30 years$3,155$2,262$1,591$1,100$751$148
31 years$3,020$2,138$1,483$1,011$679$125
32 years$2,894$2,023$1,383$929$615$106
33 years$2,776$1,916$1,292$854$556$90
34 years$2,665$1,816$1,207$786$504$76
35 years$2,560$1,722$1,128$723$456$64
36 years$2,462$1,635$1,056$666$413$54
37 years$2,369$1,553$988$614$374$46
38 years$2,281$1,476$925$566$340$39
39 years$2,198$1,403$867$522$308$33
40 years$2,119$1,335$813$481$279$28
41 years$2,044$1,271$762$444$253$24
42 years$1,973$1,210$715$410$230$20
43 years$1,906$1,153$671$378$209$17
44 years$1,842$1,099$629$349$189$14
45 years$1,780$1,048$591$323$172$12
46 years$1,722$1,000$555$298$156$10
47 years$1,666$954$522$275$142$9
48 years$1,613$911$490$254$129$7
49 years$1,562$870$461$235$117$6
50 years$1,513$831$433$217$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,550,000, adding $6,513 every year, while hoping to spend $38,867 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: 76/5/19 Blend
60$1,550,000$1,550,000$1,550,000$1,550,000
61$1,714,818$1,632,668$1,608,643$1,837,129
62$1,848,375$1,671,315$1,621,179$1,957,625
63$1,994,253$1,710,552$1,632,831$2,084,259
64$2,153,666$1,750,369$1,643,530$2,222,076
65$2,327,954$1,790,750$1,653,202$2,372,182
66$2,518,589$1,831,681$1,661,768$2,535,795
67$2,727,194$1,873,142$1,669,147$2,714,257
68$2,955,555$1,915,114$1,675,251$2,909,046
69$3,205,641$1,957,574$1,679,991$3,121,790
70$3,479,616$2,000,495$1,683,271$3,354,285
71$3,779,868$2,043,850$1,684,991$3,608,508
72$4,109,023$2,087,607$1,685,047$3,886,637
73$4,469,976$2,131,733$1,683,328$4,191,073
74$4,865,914$2,176,188$1,679,720$4,524,460
75$5,300,347$2,220,931$1,674,101$4,889,713
76$5,777,143$2,265,917$1,666,344$5,290,044
77$6,300,562$2,311,097$1,656,316$5,728,991
78$6,875,294$2,356,416$1,643,878$6,210,455
79$7,506,510$2,401,816$1,628,884$6,738,732
80$8,199,903$2,447,234$1,611,180$7,318,559
81$8,961,745$2,492,600$1,590,607$7,955,153
82$9,798,947$2,537,842$1,566,996$8,654,266
83$10,719,121$2,582,878$1,540,172$9,422,234
84$11,730,655$2,627,622$1,509,951$10,266,042
85$12,842,788$2,671,981$1,476,140$11,193,385
86$14,065,699$2,715,856$1,438,538$12,212,746
87$15,410,606$2,759,138$1,396,935$13,333,469
88$16,889,865$2,801,713$1,351,109$14,565,857
89$18,517,090$2,843,456$1,300,830$15,921,259
90$20,307,283$2,884,235$1,245,858$17,412,185
91$22,276,971$2,923,908$1,185,939$19,052,421
92$24,444,366$2,962,323$1,120,812$20,857,160
93$26,829,531$2,999,317$1,050,199$22,843,144
94$29,454,577$3,034,717$973,814$25,028,823
95$32,343,862$3,068,337$891,356$27,434,532
96$35,524,230$3,099,979$802,510$30,082,681
97$39,025,256$3,129,432$706,948$32,997,963
98$42,879,530$3,156,472$604,329$36,207,594
99$47,122,961$3,180,858$494,293$39,741,568
100$51,795,118$3,202,336$376,467$43,632,937