Can I retire at age 61 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$131,301$130,131$128,990$127,876$126,789$123,674
2 years$65,000$63,790$62,617$61,479$60,376$57,256
3 years$42,903$41,687$40,517$39,390$38,305$35,279
4 years$31,857$30,645$29,486$28,378$27,319$24,410
5 years$25,231$24,026$22,882$21,797$20,768$17,983
6 years$20,815$19,619$18,492$17,432$16,433$13,776
7 years$17,662$16,476$15,367$14,331$13,364$10,835
8 years$15,298$14,123$13,033$12,022$11,087$8,685
9 years$13,460$12,296$11,225$10,240$9,337$7,060
10 years$11,991$10,839$9,786$8,827$7,955$5,800
11 years$10,790$9,649$8,616$7,682$6,842$4,806
12 years$9,790$8,661$7,646$6,738$5,929$4,009
13 years$8,944$7,827$6,831$5,949$5,170$3,362
14 years$8,220$7,114$6,138$5,281$4,532$2,832
15 years$7,593$6,499$5,542$4,710$3,991$2,394
16 years$7,044$5,963$5,024$4,217$3,527$2,030
17 years$6,561$5,491$4,572$3,789$3,127$1,726
18 years$6,132$5,074$4,174$3,415$2,781$1,470
19 years$5,749$4,703$3,821$3,085$2,478$1,254
20 years$5,404$4,370$3,507$2,794$2,214$1,072
21 years$5,092$4,071$3,225$2,536$1,981$917
22 years$4,810$3,800$2,973$2,306$1,776$786
23 years$4,552$3,554$2,745$2,100$1,594$674
24 years$4,316$3,330$2,538$1,915$1,433$578
25 years$4,099$3,125$2,351$1,749$1,289$496
26 years$3,900$2,937$2,180$1,599$1,161$426
27 years$3,715$2,764$2,025$1,464$1,047$366
28 years$3,544$2,604$1,882$1,341$945$315
29 years$3,385$2,457$1,752$1,230$853$271
30 years$3,237$2,320$1,632$1,129$771$233
31 years$3,098$2,193$1,521$1,037$697$201
32 years$2,969$2,075$1,419$953$630$173
33 years$2,847$1,965$1,325$876$570$149
34 years$2,734$1,863$1,238$806$517$128
35 years$2,626$1,767$1,158$742$468$110
36 years$2,525$1,677$1,083$683$424$95
37 years$2,430$1,593$1,014$630$384$82
38 years$2,340$1,514$949$580$348$71
39 years$2,255$1,439$889$535$316$61
40 years$2,174$1,369$833$494$286$52
41 years$2,097$1,304$782$455$260$45
42 years$2,024$1,241$733$420$236$39
43 years$1,955$1,183$688$388$214$34
44 years$1,889$1,128$646$358$194$29
45 years$1,826$1,075$606$331$176$25
46 years$1,766$1,026$569$306$160$21
47 years$1,709$979$535$282$145$19
48 years$1,655$934$503$261$132$16
49 years$1,602$892$473$241$120$14
50 years$1,552$852$444$223$109$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,590,000, adding $3,372 every year, while hoping to spend $37,365 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: 50/35/15 Blend
60$1,590,000$1,590,000$1,590,000$1,590,000
61$1,755,658$1,671,388$1,646,743$1,836,050
62$1,894,979$1,713,530$1,662,153$1,933,841
63$2,047,259$1,756,485$1,676,827$2,035,884
64$2,213,779$1,800,252$1,690,700$2,145,951
65$2,395,952$1,844,832$1,703,706$2,264,809
66$2,595,332$1,890,222$1,715,773$2,393,304
67$2,813,631$1,936,418$1,726,827$2,532,365
68$3,052,734$1,983,415$1,736,789$2,683,017
69$3,314,718$2,031,207$1,745,575$2,846,389
70$3,601,867$2,079,785$1,753,101$3,023,725
71$3,916,701$2,129,138$1,759,273$3,216,392
72$4,261,993$2,179,253$1,763,997$3,425,901
73$4,640,796$2,230,117$1,767,171$3,653,914
74$5,056,476$2,281,712$1,768,690$3,902,261
75$5,512,739$2,334,017$1,768,443$4,172,960
76$6,013,666$2,387,012$1,766,313$4,468,235
77$6,563,754$2,440,670$1,762,179$4,790,535
78$7,167,957$2,494,963$1,755,912$5,142,559
79$7,831,732$2,549,859$1,747,379$5,527,282
80$8,561,091$2,605,324$1,736,438$5,947,981
81$9,362,655$2,661,318$1,722,941$6,408,269
82$10,243,721$2,717,798$1,706,735$6,912,126
83$11,212,328$2,774,717$1,687,658$7,463,939
84$12,277,330$2,832,023$1,665,540$8,068,542
85$13,448,485$2,889,660$1,640,202$8,731,263
86$14,736,542$2,947,565$1,611,461$9,457,974
87$16,153,345$3,005,671$1,579,120$10,255,145
88$17,711,942$3,063,905$1,542,977$11,129,909
89$19,426,712$3,122,188$1,502,818$12,090,125
90$21,313,494$3,180,433$1,458,421$13,144,456
91$23,389,745$3,238,548$1,409,552$14,302,449
92$25,674,694$3,296,432$1,355,967$15,574,627
93$28,189,533$3,353,978$1,297,412$16,972,586
94$30,957,610$3,411,067$1,233,620$18,509,107
95$34,004,652$3,467,576$1,164,312$20,198,277
96$37,359,008$3,523,368$1,089,198$22,055,621
97$41,051,913$3,578,300$1,007,972$24,098,251
98$45,117,787$3,632,215$920,318$26,345,025
99$49,594,555$3,684,947$825,902$28,816,728
100$54,524,008$3,736,318$724,378$31,536,268