Can I retire at age 61 with 1,570,000?

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 $1,570,000?

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$129,649$128,494$127,368$126,268$125,194$123,374
2 years$64,183$62,987$61,829$60,706$59,616$57,786
3 years$42,363$41,163$40,007$38,895$37,823$36,040
4 years$31,456$30,259$29,115$28,021$26,976$25,254
5 years$24,913$23,724$22,595$21,523$20,506$18,850
6 years$20,553$19,372$18,260$17,212$16,226$14,638
7 years$17,439$16,269$15,174$14,151$13,196$11,676
8 years$15,105$13,945$12,869$11,871$10,947$9,496
9 years$13,291$12,142$11,084$10,111$9,219$7,835
10 years$11,840$10,702$9,663$8,716$7,855$6,537
11 years$10,654$9,528$8,507$7,586$6,756$5,503
12 years$9,667$8,552$7,550$6,654$5,854$4,665
13 years$8,831$7,728$6,745$5,874$5,105$3,978
14 years$8,116$7,025$6,061$5,214$4,475$3,408
15 years$7,497$6,417$5,472$4,650$3,940$2,931
16 years$6,956$5,888$4,961$4,164$3,482$2,529
17 years$6,479$5,422$4,515$3,741$3,088$2,189
18 years$6,055$5,010$4,121$3,372$2,746$1,899
19 years$5,676$4,644$3,773$3,047$2,447$1,651
20 years$5,336$4,315$3,462$2,759$2,186$1,437
21 years$5,028$4,019$3,185$2,504$1,956$1,254
22 years$4,749$3,752$2,935$2,277$1,753$1,095
23 years$4,495$3,509$2,710$2,074$1,574$957
24 years$4,262$3,288$2,506$1,891$1,415$837
25 years$4,048$3,085$2,321$1,727$1,273$733
26 years$3,850$2,900$2,153$1,579$1,147$643
27 years$3,668$2,729$1,999$1,446$1,034$564
28 years$3,499$2,572$1,859$1,324$933$495
29 years$3,342$2,426$1,730$1,215$842$434
30 years$3,196$2,291$1,611$1,115$761$382
31 years$3,059$2,166$1,502$1,024$688$335
32 years$2,931$2,049$1,401$941$622$295
33 years$2,812$1,941$1,308$865$563$259
34 years$2,699$1,839$1,223$796$510$228
35 years$2,593$1,745$1,143$733$462$200
36 years$2,494$1,656$1,069$675$419$176
37 years$2,399$1,573$1,001$622$379$155
38 years$2,310$1,495$937$573$344$137
39 years$2,226$1,421$878$528$312$120
40 years$2,146$1,352$823$487$283$106
41 years$2,071$1,287$772$450$257$93
42 years$1,999$1,226$724$415$233$82
43 years$1,930$1,168$679$383$211$72
44 years$1,865$1,113$638$354$192$64
45 years$1,803$1,062$599$327$174$56
46 years$1,744$1,013$562$302$158$49
47 years$1,688$967$528$279$144$43
48 years$1,634$923$496$258$130$38
49 years$1,582$881$467$238$118$34
50 years$1,533$842$439$220$108$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,570,000, adding $4,057 every year, while hoping to spend $38,721 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: 50/39/11 Blend
60$1,570,000$1,570,000$1,570,000$1,570,000
61$1,734,325$1,651,115$1,626,780$1,815,732
62$1,870,027$1,690,821$1,640,078$1,911,609
63$2,018,273$1,731,174$1,652,524$2,011,312
64$2,180,302$1,772,166$1,664,048$2,118,770
65$2,357,477$1,813,787$1,674,578$2,234,719
66$2,551,299$1,856,022$1,684,036$2,359,974
67$2,763,422$1,898,857$1,692,342$2,495,431
68$2,995,666$1,942,276$1,699,410$2,642,076
69$3,250,036$1,986,260$1,705,152$2,800,996
70$3,528,739$2,030,786$1,709,474$2,973,388
71$3,834,206$2,075,830$1,712,278$3,160,570
72$4,169,116$2,121,367$1,713,460$3,363,995
73$4,536,416$2,167,365$1,712,911$3,585,265
74$4,939,356$2,213,791$1,710,519$3,826,141
75$5,381,513$2,260,609$1,706,164$4,088,567
76$5,866,828$2,307,780$1,699,721$4,374,684
77$6,399,642$2,355,258$1,691,059$4,686,851
78$6,984,736$2,402,996$1,680,040$5,027,668
79$7,627,378$2,450,942$1,666,520$5,399,999
80$8,333,370$2,499,038$1,650,349$5,807,002
81$9,109,106$2,547,223$1,631,368$6,252,155
82$9,961,628$2,595,430$1,609,412$6,739,292
83$10,898,694$2,643,586$1,584,306$7,272,641
84$11,928,851$2,691,612$1,555,871$7,856,856
85$13,061,517$2,739,424$1,523,916$8,497,072
86$14,307,066$2,786,930$1,488,242$9,198,945
87$15,676,929$2,834,032$1,448,640$9,968,709
88$17,183,701$2,880,625$1,404,895$10,813,236
89$18,841,256$2,926,593$1,356,777$11,740,100
90$20,664,884$2,971,816$1,304,049$12,757,647
91$22,671,430$3,016,163$1,246,461$13,875,078
92$24,879,453$3,059,492$1,183,755$15,102,531
93$27,309,404$3,101,653$1,115,657$16,451,184
94$29,983,815$3,142,487$1,041,884$17,933,354
95$32,927,515$3,181,820$962,138$19,562,616
96$36,167,862$3,219,469$876,110$21,353,936
97$39,734,998$3,255,237$783,474$23,323,805
98$43,662,140$3,288,916$683,892$25,490,401
99$47,985,886$3,320,281$577,011$27,873,759
100$52,746,567$3,349,095$462,461$30,495,961