Can I retire at age 61 with 1,150,000?

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 $1,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$94,966$94,120$93,295$92,489$91,703$89,124
2 years$47,013$46,137$45,289$44,466$43,668$41,090
3 years$31,031$30,151$29,305$28,490$27,705$25,208
4 years$23,041$22,164$21,326$20,525$19,759$17,363
5 years$18,248$17,377$16,550$15,765$15,021$12,731
6 years$15,055$14,190$13,375$12,608$11,885$9,705
7 years$12,774$11,916$11,115$10,365$9,666$7,594
8 years$11,064$10,215$9,426$8,695$8,019$6,055
9 years$9,735$8,894$8,119$7,407$6,753$4,895
10 years$8,673$7,839$7,078$6,384$5,754$4,000
11 years$7,804$6,979$6,231$5,556$4,949$3,295
12 years$7,081$6,264$5,530$4,874$4,288$2,732
13 years$6,469$5,661$4,941$4,303$3,739$2,277
14 years$5,945$5,145$4,439$3,820$3,278$1,907
15 years$5,491$4,700$4,008$3,406$2,886$1,602
16 years$5,095$4,313$3,634$3,050$2,551$1,349
17 years$4,745$3,972$3,307$2,740$2,262$1,139
18 years$4,435$3,670$3,019$2,470$2,011$964
19 years$4,158$3,401$2,763$2,232$1,792$817
20 years$3,908$3,161$2,536$2,021$1,601$694
21 years$3,683$2,944$2,333$1,834$1,433$589
22 years$3,479$2,748$2,150$1,668$1,284$501
23 years$3,292$2,570$1,985$1,519$1,153$427
24 years$3,122$2,408$1,836$1,385$1,036$364
25 years$2,965$2,260$1,700$1,265$932$310
26 years$2,820$2,124$1,577$1,157$840$264
27 years$2,687$1,999$1,464$1,059$757$226
28 years$2,563$1,884$1,361$970$683$193
29 years$2,448$1,777$1,267$890$617$164
30 years$2,341$1,678$1,180$816$557$140
31 years$2,241$1,586$1,100$750$504$120
32 years$2,147$1,501$1,026$689$456$103
33 years$2,059$1,422$958$634$413$88
34 years$1,977$1,347$895$583$374$75
35 years$1,900$1,278$837$537$338$64
36 years$1,826$1,213$783$494$307$55
37 years$1,758$1,152$733$455$278$47
38 years$1,692$1,095$686$420$252$40
39 years$1,631$1,041$643$387$228$34
40 years$1,572$990$603$357$207$29
41 years$1,517$943$565$329$188$25
42 years$1,464$898$530$304$171$21
43 years$1,414$856$498$281$155$18
44 years$1,366$816$467$259$141$16
45 years$1,321$778$439$239$128$13
46 years$1,278$742$412$221$116$11
47 years$1,236$708$387$204$105$10
48 years$1,197$676$364$189$96$8
49 years$1,159$645$342$174$87$7
50 years$1,123$617$321$161$79$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,150,000, adding $3,140 every year, while hoping to spend $25,973 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: 34/44/22 Blend
60$1,150,000$1,150,000$1,150,000$1,150,000
61$1,270,539$1,209,589$1,191,764$1,305,109
62$1,372,499$1,241,224$1,204,053$1,362,670
63$1,483,988$1,273,538$1,215,883$1,422,103
64$1,605,951$1,306,538$1,227,212$1,485,665
65$1,739,429$1,340,229$1,237,994$1,553,737
66$1,885,565$1,374,615$1,248,181$1,626,740
67$2,045,622$1,409,700$1,257,725$1,705,137
68$2,220,989$1,445,488$1,266,571$1,789,437
69$2,413,194$1,481,982$1,274,666$1,880,204
70$2,623,923$1,519,182$1,281,950$1,978,055
71$2,855,030$1,557,089$1,288,363$2,083,671
72$3,108,559$1,595,702$1,293,839$2,197,805
73$3,386,762$1,635,021$1,298,312$2,321,282
74$3,692,116$1,675,042$1,301,710$2,455,015
75$4,027,354$1,715,761$1,303,959$2,600,008
76$4,395,483$1,757,172$1,304,981$2,757,367
77$4,799,818$1,799,269$1,304,693$2,928,314
78$5,244,008$1,842,042$1,303,010$3,114,191
79$5,732,077$1,885,482$1,299,840$3,316,480
80$6,268,453$1,929,575$1,295,089$3,536,815
81$6,858,018$1,974,307$1,288,658$3,776,995
82$7,506,150$2,019,662$1,280,442$4,039,002
83$8,218,773$2,065,621$1,270,332$4,325,025
84$9,002,413$2,112,162$1,258,214$4,637,472
85$9,864,263$2,159,262$1,243,967$4,978,999
86$10,812,244$2,206,892$1,227,467$5,352,534
87$11,855,088$2,255,024$1,208,582$5,761,305
88$13,002,411$2,303,625$1,187,173$6,208,869
89$14,264,811$2,352,657$1,163,098$6,699,147
90$15,653,966$2,402,081$1,136,205$7,236,460
91$17,182,739$2,451,852$1,106,337$7,825,574
92$18,865,308$2,501,922$1,073,329$8,471,740
93$20,717,291$2,552,238$1,037,007$9,180,747
94$22,755,900$2,602,742$997,192$9,958,976
95$25,000,098$2,653,373$953,694$10,813,461
96$27,470,782$2,704,063$906,317$11,751,955
97$30,190,977$2,754,737$854,855$12,783,005
98$33,186,055$2,805,317$799,090$13,916,031
99$36,483,972$2,855,717$738,799$15,161,418
100$40,115,534$2,905,844$673,746$16,530,612