Can I retire at age 61 with 1,410,000?

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 $1,410,000?

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$116,436$115,399$114,387$113,400$112,435$111,123
2 years$57,642$56,568$55,528$54,519$53,541$52,219
3 years$38,046$36,968$35,930$34,931$33,968$32,679
4 years$28,250$27,175$26,148$25,166$24,227$22,980
5 years$22,374$21,306$20,292$19,330$18,417$17,216
6 years$18,458$17,398$16,399$15,458$14,572$13,419
7 years$15,662$14,611$13,628$12,709$11,851$10,746
8 years$13,566$12,524$11,557$10,661$9,832$8,774
9 years$11,937$10,904$9,954$9,081$8,280$7,270
10 years$10,634$9,612$8,678$7,828$7,055$6,092
11 years$9,569$8,557$7,640$6,813$6,067$5,150
12 years$8,681$7,680$6,781$5,976$5,258$4,385
13 years$7,931$6,941$6,058$5,276$4,585$3,756
14 years$7,289$6,309$5,443$4,683$4,019$3,233
15 years$6,733$5,763$4,914$4,176$3,539$2,794
16 years$6,247$5,288$4,456$3,740$3,128$2,423
17 years$5,818$4,870$4,054$3,360$2,773$2,107
18 years$5,438$4,500$3,701$3,028$2,466$1,837
19 years$5,098$4,170$3,388$2,736$2,198$1,605
20 years$4,792$3,875$3,110$2,478$1,963$1,405
21 years$4,516$3,610$2,860$2,249$1,757$1,232
22 years$4,265$3,370$2,636$2,045$1,575$1,082
23 years$4,037$3,151$2,434$1,862$1,414$951
24 years$3,827$2,953$2,251$1,698$1,270$836
25 years$3,635$2,771$2,085$1,551$1,143$737
26 years$3,458$2,604$1,934$1,418$1,030$649
27 years$3,294$2,451$1,796$1,298$928$573
28 years$3,143$2,309$1,669$1,189$838$505
29 years$3,002$2,179$1,553$1,091$756$446
30 years$2,870$2,058$1,447$1,001$684$394
31 years$2,747$1,945$1,349$919$618$348
32 years$2,633$1,840$1,259$845$559$308
33 years$2,525$1,743$1,175$777$506$272
34 years$2,424$1,652$1,098$715$458$241
35 years$2,329$1,567$1,026$658$415$213
36 years$2,239$1,487$960$606$376$189
37 years$2,155$1,412$899$558$341$167
38 years$2,075$1,342$842$515$309$148
39 years$1,999$1,276$789$475$280$131
40 years$1,928$1,214$739$438$254$116
41 years$1,860$1,156$693$404$230$103
42 years$1,795$1,101$650$373$209$91
43 years$1,734$1,049$610$344$190$81
44 years$1,675$1,000$573$318$172$71
45 years$1,620$953$538$293$156$63
46 years$1,566$910$505$271$142$56
47 years$1,516$868$474$250$129$50
48 years$1,467$829$446$231$117$44
49 years$1,421$791$419$214$106$39
50 years$1,377$756$394$198$97$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,410,000, adding $5,544 every year, while hoping to spend $22,250 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: 73/10/17 Blend
60$1,410,000$1,410,000$1,410,000$1,410,000
61$1,559,539$1,484,809$1,462,954$1,666,890
62$1,694,938$1,533,890$1,488,289$1,787,913
63$1,843,402$1,584,632$1,513,727$1,917,202
64$2,006,240$1,637,090$1,539,248$2,058,251
65$2,184,894$1,691,325$1,564,831$2,212,223
66$2,380,953$1,747,399$1,590,452$2,380,397
67$2,596,165$1,805,377$1,616,087$2,564,185
68$2,832,458$1,865,325$1,641,710$2,765,138
69$3,091,955$1,927,312$1,667,294$2,984,966
70$3,376,994$1,991,409$1,692,807$3,225,554
71$3,690,151$2,057,692$1,718,220$3,488,976
72$4,034,265$2,126,237$1,743,499$3,777,517
73$4,412,461$2,197,124$1,768,607$4,093,694
74$4,828,184$2,270,435$1,793,507$4,440,281
75$5,285,229$2,346,257$1,818,160$4,820,333
76$5,787,777$2,424,677$1,842,523$5,237,214
77$6,340,433$2,505,790$1,866,550$5,694,632
78$6,948,272$2,589,689$1,890,195$6,196,671
79$7,616,887$2,676,474$1,913,407$6,747,831
80$8,352,437$2,766,249$1,936,134$7,353,069
81$9,161,709$2,859,119$1,958,318$8,017,847
82$10,052,183$2,955,195$1,979,902$8,748,182
83$11,032,099$3,054,593$2,000,821$9,550,705
84$12,110,536$3,157,431$2,021,011$10,432,721
85$13,297,498$3,263,832$2,040,403$11,402,279
86$14,604,008$3,373,925$2,058,922$12,468,246
87$16,042,213$3,487,843$2,076,491$13,640,394
88$17,625,495$3,605,724$2,093,030$14,929,491
89$19,368,601$3,727,711$2,108,453$16,347,399
90$21,287,782$3,853,952$2,122,670$17,907,190
91$23,400,942$3,984,602$2,135,585$19,623,268
92$25,727,811$4,119,821$2,147,101$21,511,505
93$28,290,131$4,259,774$2,157,111$23,589,389
94$31,111,856$4,404,635$2,165,506$25,876,191
95$34,219,385$4,554,582$2,172,170$28,393,145
96$37,641,807$4,709,802$2,176,983$31,163,651
97$41,411,176$4,870,486$2,179,816$34,213,493
98$45,562,812$5,036,836$2,180,536$37,571,083
99$50,135,637$5,209,060$2,179,003$41,267,729
100$55,172,542$5,387,373$2,175,069$45,337,931