Can I retire at age 61 with 1,310,000?

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 $1,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$108,179$107,215$106,275$105,357$104,461$103,242
2 years$53,554$52,556$51,590$50,653$49,743$48,516
3 years$35,348$34,346$33,382$32,454$31,559$30,362
4 years$26,247$25,248$24,294$23,381$22,508$21,350
5 years$20,787$19,795$18,853$17,959$17,110$15,995
6 years$17,149$16,164$15,236$14,362$13,539$12,468
7 years$14,551$13,574$12,661$11,808$11,011$9,984
8 years$12,604$11,636$10,738$9,905$9,135$8,152
9 years$11,090$10,131$9,248$8,437$7,693$6,754
10 years$9,880$8,930$8,063$7,273$6,554$5,660
11 years$8,890$7,950$7,098$6,329$5,637$4,785
12 years$8,066$7,135$6,300$5,552$4,885$4,074
13 years$7,369$6,448$5,628$4,901$4,260$3,490
14 years$6,772$5,861$5,057$4,351$3,734$3,004
15 years$6,255$5,354$4,566$3,880$3,288$2,596
16 years$5,804$4,913$4,140$3,474$2,906$2,251
17 years$5,406$4,524$3,767$3,122$2,576$1,958
18 years$5,052$4,181$3,439$2,813$2,291$1,707
19 years$4,736$3,875$3,148$2,542$2,042$1,492
20 years$4,452$3,600$2,889$2,302$1,824$1,306
21 years$4,196$3,354$2,657$2,089$1,632$1,145
22 years$3,963$3,131$2,449$1,900$1,463$1,005
23 years$3,750$2,928$2,261$1,730$1,313$883
24 years$3,556$2,743$2,091$1,578$1,180$777
25 years$3,377$2,574$1,937$1,441$1,062$684
26 years$3,213$2,420$1,797$1,318$957$603
27 years$3,061$2,277$1,668$1,206$863$532
28 years$2,920$2,146$1,551$1,105$778$469
29 years$2,789$2,024$1,443$1,013$703$414
30 years$2,667$1,912$1,344$930$635$366
31 years$2,553$1,807$1,253$854$574$324
32 years$2,446$1,710$1,169$785$519$286
33 years$2,346$1,619$1,092$722$470$253
34 years$2,252$1,535$1,020$664$426$224
35 years$2,164$1,456$954$611$385$198
36 years$2,081$1,382$892$563$349$175
37 years$2,002$1,312$835$519$317$155
38 years$1,928$1,247$782$478$287$137
39 years$1,858$1,186$733$441$260$122
40 years$1,791$1,128$687$407$236$108
41 years$1,728$1,074$644$375$214$95
42 years$1,668$1,023$604$346$194$84
43 years$1,611$975$567$320$176$75
44 years$1,556$929$532$295$160$66
45 years$1,505$886$500$273$145$59
46 years$1,455$845$469$252$132$52
47 years$1,408$806$441$233$120$46
48 years$1,363$770$414$215$109$41
49 years$1,320$735$389$199$99$36
50 years$1,279$702$366$184$90$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,310,000, adding $4,346 every year, while hoping to spend $22,245 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: 45/48/7 Blend
60$1,310,000$1,310,000$1,310,000$1,310,000
61$1,448,103$1,378,673$1,358,368$1,510,253
62$1,572,141$1,422,559$1,380,205$1,597,461
63$1,708,085$1,467,851$1,402,028$1,689,313
64$1,857,127$1,514,592$1,423,812$1,788,390
65$2,020,577$1,562,831$1,445,534$1,895,362
66$2,199,882$1,612,615$1,467,164$2,010,970
67$2,396,631$1,663,994$1,488,676$2,136,025
68$2,612,578$1,717,021$1,510,037$2,271,421
69$2,849,654$1,771,748$1,531,216$2,418,140
70$3,109,985$1,828,230$1,552,178$2,577,261
71$3,395,914$1,886,524$1,572,887$2,749,972
72$3,710,022$1,946,689$1,593,304$2,937,580
73$4,055,153$2,008,785$1,613,388$3,141,523
74$4,434,439$2,072,875$1,633,096$3,363,383
75$4,851,329$2,139,024$1,652,383$3,604,900
76$5,309,627$2,207,299$1,671,201$3,867,989
77$5,813,521$2,277,768$1,689,497$4,154,758
78$6,367,624$2,350,503$1,707,220$4,467,529
79$6,977,022$2,425,577$1,724,311$4,808,855
80$7,647,314$2,503,067$1,740,712$5,181,548
81$8,384,674$2,583,051$1,756,360$5,588,703
82$9,195,900$2,665,610$1,771,187$6,033,730
83$10,088,486$2,750,828$1,785,125$6,520,380
84$11,070,684$2,838,792$1,798,100$7,052,785
85$12,151,592$2,929,591$1,810,035$7,635,496
86$13,341,231$3,023,318$1,820,848$8,273,522
87$14,650,644$3,120,067$1,830,453$8,972,383
88$16,091,998$3,219,939$1,838,762$9,738,155
89$17,678,701$3,323,035$1,845,679$10,577,532
90$19,425,524$3,429,459$1,851,105$11,497,885
91$21,348,747$3,539,322$1,854,937$12,507,334
92$23,466,306$3,652,736$1,857,064$13,614,823
93$25,797,965$3,769,816$1,857,372$14,830,203
94$28,365,504$3,890,683$1,855,740$16,164,326
95$31,192,920$4,015,462$1,852,042$17,629,147
96$34,306,658$4,144,279$1,846,146$19,237,835
97$37,735,858$4,277,269$1,837,911$21,004,895
98$41,512,628$4,414,568$1,827,194$22,946,311
99$45,672,351$4,556,317$1,813,840$25,079,689
100$50,254,018$4,702,663$1,797,691$27,424,426