Can I retire at age 61 with 1,380,000?

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 $1,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$113,959$112,944$111,954$110,987$110,043$109,579
2 years$56,415$55,365$54,346$53,359$52,401$51,933
3 years$37,237$36,181$35,166$34,188$33,246$32,788
4 years$27,649$26,597$25,592$24,630$23,711$23,267
5 years$21,898$20,853$19,860$18,918$18,025$17,595
6 years$18,065$17,028$16,050$15,129$14,262$13,848
7 years$15,329$14,300$13,338$12,439$11,599$11,201
8 years$13,277$12,258$11,311$10,434$9,623$9,240
9 years$11,683$10,672$9,742$8,888$8,104$7,736
10 years$10,407$9,407$8,494$7,661$6,905$6,553
11 years$9,365$8,375$7,478$6,668$5,938$5,602
12 years$8,497$7,517$6,636$5,848$5,146$4,824
13 years$7,763$6,793$5,929$5,163$4,487$4,181
14 years$7,134$6,175$5,327$4,583$3,934$3,641
15 years$6,590$5,641$4,810$4,088$3,463$3,185
16 years$6,114$5,175$4,361$3,660$3,061$2,796
17 years$5,695$4,766$3,968$3,288$2,714$2,462
18 years$5,322$4,404$3,622$2,964$2,413$2,174
19 years$4,989$4,082$3,316$2,678$2,151$1,924
20 years$4,690$3,793$3,043$2,425$1,921$1,707
21 years$4,420$3,533$2,799$2,201$1,719$1,516
22 years$4,174$3,298$2,580$2,001$1,541$1,349
23 years$3,951$3,084$2,382$1,823$1,383$1,202
24 years$3,746$2,890$2,203$1,662$1,243$1,072
25 years$3,558$2,712$2,041$1,518$1,119$958
26 years$3,384$2,549$1,893$1,388$1,008$856
27 years$3,224$2,399$1,757$1,271$909$766
28 years$3,076$2,260$1,634$1,164$820$686
29 years$2,938$2,132$1,520$1,068$740$614
30 years$2,809$2,014$1,416$980$669$551
31 years$2,689$1,904$1,320$900$605$494
32 years$2,577$1,801$1,232$827$547$443
33 years$2,471$1,706$1,150$760$495$398
34 years$2,372$1,617$1,075$700$448$357
35 years$2,279$1,533$1,005$644$406$321
36 years$2,192$1,455$940$593$368$288
37 years$2,109$1,382$880$547$333$259
38 years$2,031$1,314$824$504$302$233
39 years$1,957$1,249$772$464$274$209
40 years$1,887$1,189$723$428$249$188
41 years$1,820$1,131$678$395$226$169
42 years$1,757$1,078$636$365$205$152
43 years$1,697$1,027$597$337$186$137
44 years$1,640$979$560$311$169$123
45 years$1,585$933$526$287$153$111
46 years$1,533$890$494$265$139$100
47 years$1,484$850$464$245$126$90
48 years$1,436$811$436$226$115$81
49 years$1,391$774$410$209$104$73
50 years$1,347$740$386$193$95$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,380,000, adding $4,218 every year, while hoping to spend $42,802 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: 56/22/22 Blend
60$1,380,000$1,380,000$1,380,000$1,380,000
61$1,525,111$1,451,971$1,430,581$1,601,206
62$1,635,131$1,477,576$1,432,964$1,679,308
63$1,754,939$1,503,002$1,433,993$1,759,454
64$1,885,488$1,528,194$1,433,577$1,845,848
65$2,027,826$1,553,094$1,431,620$1,939,104
66$2,183,108$1,577,639$1,428,023$2,039,897
67$2,352,605$1,601,764$1,422,682$2,148,973
68$2,537,715$1,625,395$1,415,486$2,267,152
69$2,739,979$1,648,456$1,406,322$2,395,341
70$2,961,091$1,670,865$1,395,068$2,534,541
71$3,202,919$1,692,533$1,381,599$2,685,854
72$3,467,516$1,713,367$1,365,782$2,850,496
73$3,757,146$1,733,265$1,347,479$3,029,811
74$4,074,300$1,752,121$1,326,545$3,225,277
75$4,421,723$1,769,819$1,302,829$3,438,527
76$4,802,436$1,786,238$1,276,171$3,671,362
77$5,219,768$1,801,246$1,246,406$3,925,768
78$5,677,383$1,814,706$1,213,359$4,203,936
79$6,179,318$1,826,468$1,176,848$4,508,281
80$6,730,020$1,836,377$1,136,685$4,841,468
81$7,334,387$1,844,264$1,092,668$5,206,435
82$7,997,813$1,849,952$1,044,591$5,606,425
83$8,726,241$1,853,251$992,237$6,045,011
84$9,526,218$1,853,960$935,376$6,526,135
85$10,404,954$1,851,866$873,773$7,054,144
86$11,370,393$1,846,742$807,179$7,633,832
87$12,431,287$1,838,346$735,333$8,270,486
88$13,597,278$1,826,425$657,967$8,969,934
89$14,878,987$1,810,706$574,795$9,738,606
90$16,288,116$1,790,903$485,523$10,583,589
91$17,837,557$1,766,710$389,841$11,512,699
92$19,541,515$1,737,806$287,428$12,534,555
93$21,415,640$1,703,849$177,947$13,658,659
94$23,477,173$1,664,475$61,046$14,895,488
95$25,745,112$1,619,302$0$16,256,595
96$28,240,390$1,567,924$0$17,769,671
97$30,986,067$1,509,910$0$19,450,069
98$34,007,556$1,444,806$0$21,299,020
99$37,332,856$1,372,130$0$23,333,690
100$40,992,817$1,291,374$0$25,573,001