Can I retire at age 61 with 1,290,000?

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 $1,290,000?

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%
1 years$106,527$105,578$104,652$103,749$102,866$100,298
2 years$52,736$51,754$50,802$49,879$48,984$46,413
3 years$34,808$33,822$32,872$31,958$31,077$28,584
4 years$25,846$24,863$23,923$23,024$22,165$19,768
5 years$20,470$19,493$18,565$17,685$16,849$14,555
6 years$16,887$15,917$15,003$14,143$13,332$11,144
7 years$14,329$13,367$12,468$11,627$10,843$8,760
8 years$12,411$11,458$10,574$9,754$8,995$7,018
9 years$10,921$9,976$9,107$8,308$7,575$5,701
10 years$9,729$8,794$7,940$7,162$6,454$4,681
11 years$8,754$7,829$6,990$6,233$5,551$3,876
12 years$7,943$7,026$6,203$5,467$4,810$3,231
13 years$7,256$6,350$5,542$4,827$4,195$2,708
14 years$6,669$5,772$4,980$4,284$3,677$2,279
15 years$6,160$5,273$4,496$3,821$3,238$1,926
16 years$5,715$4,838$4,076$3,421$2,861$1,632
17 years$5,323$4,455$3,709$3,074$2,537$1,386
18 years$4,975$4,117$3,386$2,770$2,256$1,180
19 years$4,664$3,815$3,100$2,503$2,011$1,006
20 years$4,384$3,545$2,845$2,267$1,796$859
21 years$4,132$3,302$2,617$2,058$1,607$734
22 years$3,902$3,083$2,412$1,871$1,441$629
23 years$3,693$2,883$2,227$1,704$1,293$539
24 years$3,502$2,701$2,059$1,554$1,162$462
25 years$3,326$2,535$1,907$1,419$1,046$396
26 years$3,164$2,383$1,769$1,298$942$340
27 years$3,014$2,242$1,643$1,188$849$292
28 years$2,875$2,113$1,527$1,088$766$251
29 years$2,746$1,993$1,421$998$692$216
30 years$2,626$1,882$1,324$916$625$185
31 years$2,514$1,780$1,234$841$565$159
32 years$2,409$1,684$1,151$773$511$137
33 years$2,310$1,595$1,075$711$463$118
34 years$2,218$1,511$1,004$654$419$102
35 years$2,131$1,433$939$602$380$87
36 years$2,049$1,361$879$555$344$75
37 years$1,971$1,292$822$511$312$65
38 years$1,898$1,228$770$471$283$56
39 years$1,829$1,168$721$434$256$48
40 years$1,764$1,111$676$400$232$41
41 years$1,701$1,058$634$370$211$36
42 years$1,642$1,007$595$341$191$31
43 years$1,586$960$558$315$174$26
44 years$1,533$915$524$291$158$23
45 years$1,482$872$492$268$143$20
46 years$1,433$832$462$248$130$17
47 years$1,387$794$434$229$118$15
48 years$1,342$758$408$212$107$12
49 years$1,300$724$383$196$97$11
50 years$1,259$692$360$181$88$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,290,000, adding $6,886 every year, while hoping to spend $20,173 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: 65/26/9 Blend
60$1,290,000$1,290,000$1,290,000$1,290,000
61$1,428,683$1,360,313$1,340,318$1,518,464
62$1,552,945$1,405,504$1,363,755$1,624,322
63$1,689,205$1,452,234$1,387,300$1,736,916
64$1,838,666$1,500,556$1,410,938$1,859,411
65$2,002,654$1,550,526$1,434,647$1,992,768
66$2,182,625$1,602,203$1,458,409$2,138,047
67$2,380,189$1,655,647$1,482,201$2,296,414
68$2,597,114$1,710,920$1,506,001$2,469,152
69$2,835,352$1,768,087$1,529,784$2,657,672
70$3,097,050$1,827,215$1,553,524$2,863,529
71$3,384,574$1,888,374$1,577,192$3,088,436
72$3,700,532$1,951,635$1,600,759$3,334,276
73$4,047,796$2,017,075$1,624,194$3,603,125
74$4,429,529$2,084,770$1,647,463$3,897,266
75$4,849,219$2,154,801$1,670,531$4,219,216
76$5,310,705$2,227,252$1,693,359$4,571,745
77$5,818,218$2,302,210$1,715,909$4,957,904
78$6,376,422$2,379,763$1,738,137$5,381,053
79$6,990,452$2,460,007$1,759,999$5,844,893
80$7,665,967$2,543,036$1,781,449$6,353,499
81$8,409,204$2,628,953$1,802,435$6,911,362
82$9,227,031$2,717,860$1,822,905$7,523,424
83$10,127,020$2,809,867$1,842,804$8,195,134
84$11,117,511$2,905,086$1,862,073$8,932,492
85$12,207,695$3,003,632$1,880,650$9,742,105
86$13,407,697$3,105,627$1,898,469$10,631,256
87$14,728,676$3,211,197$1,915,462$11,607,964
88$16,182,927$3,320,472$1,931,556$12,681,065
89$17,783,998$3,433,587$1,946,675$13,860,293
90$19,546,815$3,550,683$1,960,739$15,156,372
91$21,487,829$3,671,905$1,973,662$16,581,117
92$23,625,164$3,797,405$1,985,356$18,147,543
93$25,978,793$3,927,340$1,995,728$19,869,991
94$28,570,724$4,061,873$2,004,679$21,764,262
95$31,425,208$4,201,175$2,012,105$23,847,762
96$34,568,967$4,345,421$2,017,899$26,139,672
97$38,031,450$4,494,794$2,021,946$28,661,124
98$41,845,103$4,649,485$2,024,127$31,435,401
99$46,045,684$4,809,690$2,024,316$34,488,159
100$50,672,595$4,975,616$2,022,382$37,847,664