Can I retire at age 61 with 1,330,000?

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 $1,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$109,830$108,852$107,897$106,966$106,056$103,366
2 years$54,371$53,359$52,377$51,426$50,503$47,811
3 years$35,888$34,871$33,892$32,949$32,041$29,430
4 years$26,647$25,634$24,664$23,738$22,852$20,343
5 years$21,105$20,097$19,141$18,233$17,372$14,971
6 years$17,411$16,411$15,468$14,581$13,746$11,456
7 years$14,773$13,782$12,854$11,988$11,179$9,000
8 years$12,796$11,813$10,902$10,056$9,274$7,206
9 years$11,259$10,286$9,389$8,566$7,810$5,850
10 years$10,030$9,066$8,186$7,384$6,655$4,801
11 years$9,026$8,071$7,207$6,426$5,723$3,973
12 years$8,189$7,244$6,396$5,637$4,960$3,309
13 years$7,481$6,547$5,714$4,976$4,325$2,772
14 years$6,876$5,951$5,134$4,417$3,791$2,331
15 years$6,351$5,436$4,636$3,939$3,338$1,968
16 years$5,892$4,988$4,203$3,527$2,950$1,666
17 years$5,488$4,593$3,824$3,169$2,616$1,415
18 years$5,129$4,244$3,491$2,856$2,326$1,203
19 years$4,809$3,934$3,196$2,581$2,073$1,025
20 years$4,520$3,655$2,933$2,337$1,852$875
21 years$4,260$3,405$2,698$2,121$1,657$747
22 years$4,023$3,178$2,487$1,929$1,485$639
23 years$3,808$2,973$2,296$1,757$1,333$547
24 years$3,610$2,785$2,123$1,602$1,198$469
25 years$3,429$2,614$1,967$1,463$1,078$402
26 years$3,262$2,457$1,824$1,338$971$345
27 years$3,107$2,312$1,694$1,225$876$296
28 years$2,964$2,178$1,574$1,122$790$254
29 years$2,831$2,055$1,465$1,029$714$218
30 years$2,707$1,941$1,365$944$645$187
31 years$2,592$1,835$1,272$867$583$161
32 years$2,483$1,736$1,187$797$527$138
33 years$2,382$1,644$1,108$733$477$119
34 years$2,287$1,558$1,036$674$432$102
35 years$2,197$1,478$968$621$391$88
36 years$2,112$1,403$906$572$355$76
37 years$2,033$1,332$848$527$321$65
38 years$1,957$1,266$794$486$291$56
39 years$1,886$1,204$744$448$264$48
40 years$1,818$1,146$697$413$240$41
41 years$1,754$1,090$654$381$217$36
42 years$1,693$1,038$613$352$197$31
43 years$1,635$989$575$325$179$26
44 years$1,580$943$540$300$163$23
45 years$1,528$899$507$277$148$20
46 years$1,478$858$476$256$134$17
47 years$1,430$819$448$236$122$14
48 years$1,384$782$421$218$110$12
49 years$1,340$746$395$202$100$11
50 years$1,299$713$372$186$91$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,330,000, adding $2,218 every year, while hoping to spend $21,188 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: 40/32/28 Blend
60$1,330,000$1,330,000$1,330,000$1,330,000
61$1,467,948$1,397,458$1,376,843$1,514,450
62$1,595,135$1,443,389$1,400,423$1,594,392
63$1,734,584$1,490,862$1,424,083$1,678,690
64$1,887,526$1,539,927$1,447,804$1,769,489
65$2,055,311$1,590,642$1,471,563$1,867,398
66$2,239,431$1,643,062$1,495,339$1,973,086
67$2,441,528$1,697,246$1,519,107$2,087,290
68$2,663,409$1,753,257$1,542,843$2,210,820
69$2,907,067$1,811,156$1,566,518$2,344,568
70$3,174,695$1,871,011$1,590,104$2,489,514
71$3,468,712$1,932,888$1,613,570$2,646,738
72$3,791,779$1,996,858$1,636,884$2,817,428
73$4,146,831$2,062,994$1,660,010$3,002,891
74$4,537,100$2,131,373$1,682,912$3,204,568
75$4,966,145$2,202,071$1,705,551$3,424,042
76$5,437,891$2,275,171$1,727,885$3,663,059
77$5,956,658$2,350,757$1,749,871$3,923,539
78$6,527,208$2,428,916$1,771,464$4,207,597
79$7,154,789$2,509,738$1,792,613$4,517,561
80$7,845,179$2,593,317$1,813,267$4,855,997
81$8,604,748$2,679,750$1,833,373$5,225,729
82$9,440,513$2,769,139$1,852,871$5,629,867
83$10,360,206$2,861,587$1,871,703$6,071,837
84$11,372,345$2,957,203$1,889,803$6,555,412
85$12,486,318$3,056,099$1,907,105$7,084,748
86$13,712,466$3,158,392$1,923,537$7,664,423
87$15,062,187$3,264,203$1,939,025$8,299,479
88$16,548,037$3,373,656$1,953,490$8,995,470
89$18,183,854$3,486,882$1,966,848$9,758,516
90$19,984,883$3,604,015$1,979,014$10,595,358
91$21,967,925$3,725,196$1,989,895$11,513,421
92$24,151,492$3,850,569$1,999,394$12,520,886
93$26,555,982$3,980,284$2,007,412$13,626,767
94$29,203,872$4,114,499$2,013,840$14,840,993
95$32,119,932$4,253,373$2,018,569$16,174,504
96$35,331,453$4,397,077$2,021,479$17,639,353
97$38,868,512$4,545,784$2,022,448$19,248,821
98$42,764,247$4,699,675$2,021,348$21,017,539
99$47,055,179$4,858,937$2,018,041$22,961,629
100$51,781,548$5,023,766$2,012,387$25,098,854