Can I retire at age 61 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$123,043$121,947$120,878$119,834$118,815$115,104
2 years$60,912$59,778$58,678$57,612$56,578$52,873
3 years$40,205$39,065$37,969$36,913$35,896$32,311
4 years$29,853$28,717$27,632$26,594$25,601$22,166
5 years$23,644$22,515$21,443$20,426$19,462$16,184
6 years$19,505$18,385$17,329$16,335$15,399$12,283
7 years$16,551$15,440$14,401$13,430$12,524$9,568
8 years$14,336$13,235$12,213$11,266$10,390$7,593
9 years$12,614$11,523$10,519$9,596$8,750$6,109
10 years$11,237$10,157$9,171$8,272$7,455$4,966
11 years$10,111$9,042$8,074$7,199$6,412$4,070
12 years$9,174$8,116$7,165$6,315$5,556$3,357
13 years$8,381$7,334$6,402$5,575$4,845$2,783
14 years$7,703$6,667$5,752$4,949$4,247$2,317
15 years$7,115$6,090$5,193$4,413$3,740$1,936
16 years$6,601$5,588$4,708$3,952$3,305$1,621
17 years$6,148$5,146$4,284$3,551$2,930$1,361
18 years$5,746$4,755$3,911$3,200$2,606$1,145
19 years$5,387$4,407$3,580$2,891$2,322$965
20 years$5,064$4,095$3,286$2,619$2,074$814
21 years$4,772$3,815$3,022$2,377$1,856$687
22 years$4,507$3,561$2,786$2,161$1,664$581
23 years$4,266$3,330$2,572$1,968$1,494$492
24 years$4,045$3,120$2,379$1,795$1,343$416
25 years$3,841$2,928$2,203$1,639$1,208$352
26 years$3,654$2,752$2,043$1,499$1,088$299
27 years$3,481$2,590$1,897$1,372$981$253
28 years$3,321$2,441$1,764$1,257$885$215
29 years$3,172$2,302$1,641$1,153$799$182
30 years$3,033$2,174$1,529$1,058$722$155
31 years$2,903$2,055$1,425$972$653$131
32 years$2,782$1,945$1,330$893$591$111
33 years$2,668$1,842$1,242$821$535$95
34 years$2,562$1,746$1,160$755$484$80
35 years$2,461$1,656$1,085$695$438$68
36 years$2,366$1,572$1,015$640$397$58
37 years$2,277$1,493$950$590$360$49
38 years$2,193$1,418$889$544$326$42
39 years$2,113$1,349$833$502$296$35
40 years$2,037$1,283$781$463$268$30
41 years$1,965$1,222$732$427$244$26
42 years$1,897$1,163$687$394$221$22
43 years$1,832$1,108$645$364$201$18
44 years$1,770$1,057$605$336$182$16
45 years$1,711$1,008$568$310$165$13
46 years$1,655$961$534$286$150$11
47 years$1,602$917$501$265$136$10
48 years$1,551$876$471$244$124$8
49 years$1,502$836$443$226$112$7
50 years$1,455$799$416$209$102$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,490,000, adding $5,477 every year, while hoping to spend $52,582 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: 28/45/27 Blend
60$1,490,000$1,490,000$1,490,000$1,490,000
61$1,647,630$1,568,660$1,545,565$1,679,823
62$1,759,741$1,589,577$1,541,394$1,726,801
63$1,881,525$1,609,757$1,535,322$1,772,316
64$2,013,914$1,629,108$1,527,228$1,820,150
65$2,157,931$1,647,532$1,516,988$1,870,540
66$2,314,704$1,664,925$1,504,471$1,923,746
67$2,485,472$1,681,175$1,489,539$1,980,062
68$2,671,601$1,696,163$1,472,049$2,039,811
69$2,874,592$1,709,763$1,451,851$2,103,356
70$3,096,099$1,721,840$1,428,786$2,171,100
71$3,337,941$1,732,250$1,402,690$2,243,489
72$3,602,121$1,740,840$1,373,390$2,321,023
73$3,890,844$1,747,448$1,340,706$2,404,253
74$4,206,538$1,751,901$1,304,447$2,493,796
75$4,551,876$1,754,015$1,264,418$2,590,334
76$4,929,801$1,753,596$1,220,409$2,694,625
77$5,343,553$1,750,435$1,172,206$2,807,512
78$5,796,702$1,744,313$1,119,582$2,929,929
79$6,293,178$1,734,997$1,062,300$3,062,912
80$6,837,309$1,722,238$1,000,113$3,207,612
81$7,433,861$1,705,774$932,763$3,365,302
82$8,088,084$1,685,326$859,981$3,537,397
83$8,805,762$1,660,600$781,483$3,725,462
84$9,593,262$1,631,282$696,975$3,931,234
85$10,457,600$1,597,041$606,149$4,156,634
86$11,406,505$1,557,525$508,685$4,403,792
87$12,448,488$1,512,363$404,245$4,675,066
88$13,592,927$1,461,162$292,480$4,973,065
89$14,850,151$1,403,505$173,024$5,300,679
90$16,231,540$1,338,951$45,495$5,661,104
91$17,749,632$1,267,034$0$6,057,878
92$19,418,237$1,187,261$0$6,521,015
93$21,252,571$1,099,110$0$7,044,426
94$23,269,398$1,002,031$0$7,619,901
95$25,487,187$895,441$0$8,252,863
96$27,926,286$778,724$0$8,949,299
97$30,609,114$651,228$0$9,715,818
98$33,560,373$512,268$0$10,559,717
99$36,807,277$361,116$0$11,489,050
100$40,379,815$197,005$0$12,512,706