Can I retire at age 61 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$126,346$125,221$124,123$123,051$122,004$117,256
2 years$62,548$61,383$60,254$59,159$58,097$53,371
3 years$41,284$40,114$38,988$37,904$36,859$32,304
4 years$30,655$29,488$28,373$27,308$26,288$21,938
5 years$24,278$23,119$22,019$20,975$19,984$15,850
6 years$20,029$18,878$17,795$16,774$15,813$11,898
7 years$16,995$15,854$14,787$13,791$12,860$9,163
8 years$14,721$13,590$12,541$11,569$10,669$7,186
9 years$12,952$11,832$10,801$9,854$8,984$5,711
10 years$11,539$10,430$9,417$8,494$7,655$4,584
11 years$10,383$9,285$8,291$7,392$6,584$3,709
12 years$9,420$8,334$7,358$6,484$5,705$3,019
13 years$8,606$7,531$6,574$5,725$4,975$2,469
14 years$7,910$6,846$5,906$5,082$4,361$2,027
15 years$7,306$6,254$5,333$4,532$3,840$1,669
16 years$6,778$5,738$4,835$4,058$3,394$1,378
17 years$6,313$5,284$4,399$3,646$3,009$1,140
18 years$5,901$4,883$4,016$3,286$2,676$945
19 years$5,532$4,525$3,677$2,969$2,385$784
20 years$5,200$4,205$3,374$2,689$2,130$651
21 years$4,900$3,917$3,104$2,440$1,906$542
22 years$4,628$3,656$2,860$2,219$1,709$451
23 years$4,380$3,420$2,641$2,021$1,534$375
24 years$4,153$3,204$2,443$1,843$1,379$313
25 years$3,945$3,007$2,262$1,683$1,241$261
26 years$3,752$2,826$2,098$1,539$1,117$217
27 years$3,575$2,660$1,948$1,409$1,007$181
28 years$3,410$2,506$1,811$1,291$909$151
29 years$3,257$2,364$1,686$1,184$821$126
30 years$3,114$2,233$1,570$1,086$742$105
31 years$2,981$2,111$1,464$998$671$88
32 years$2,857$1,997$1,366$917$607$73
33 years$2,740$1,891$1,275$843$549$61
34 years$2,630$1,793$1,191$776$497$51
35 years$2,527$1,700$1,114$714$450$43
36 years$2,430$1,614$1,042$658$408$36
37 years$2,338$1,533$975$606$370$30
38 years$2,252$1,457$913$559$335$25
39 years$2,170$1,385$856$515$304$21
40 years$2,092$1,318$802$475$276$17
41 years$2,018$1,254$752$438$250$15
42 years$1,948$1,195$705$404$227$12
43 years$1,881$1,138$662$373$206$10
44 years$1,818$1,085$621$345$187$8
45 years$1,757$1,035$583$318$170$7
46 years$1,700$987$548$294$154$6
47 years$1,645$942$515$272$140$5
48 years$1,592$899$484$251$127$4
49 years$1,542$859$455$232$115$3
50 years$1,494$820$428$214$105$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,530,000, adding $4,815 every year, while hoping to spend $55,376 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: 67/13/20 Blend
60$1,530,000$1,530,000$1,530,000$1,530,000
61$1,691,027$1,609,937$1,586,222$1,795,567
62$1,804,592$1,629,904$1,580,440$1,886,146
63$1,927,885$1,648,994$1,572,610$1,978,314
64$2,061,839$1,667,104$1,562,602$2,077,774
65$2,207,481$1,684,128$1,550,284$2,185,245
66$2,365,943$1,699,948$1,535,517$2,301,514
67$2,538,466$1,714,443$1,518,154$2,427,453
68$2,726,420$1,727,480$1,498,042$2,564,024
69$2,931,309$1,738,921$1,475,021$2,712,286
70$3,154,791$1,748,617$1,448,923$2,873,407
71$3,398,689$1,756,409$1,419,571$3,048,676
72$3,665,012$1,762,129$1,386,783$3,239,515
73$3,955,968$1,765,599$1,350,366$3,447,492
74$4,273,992$1,766,628$1,310,118$3,674,335
75$4,621,761$1,765,015$1,265,829$3,921,951
76$5,002,225$1,760,545$1,217,278$4,192,444
77$5,418,631$1,752,991$1,164,237$4,488,133
78$5,874,556$1,742,111$1,106,463$4,811,575
79$6,373,936$1,727,650$1,043,705$5,165,592
80$6,921,108$1,709,336$975,700$5,553,293
81$7,520,849$1,686,881$902,173$5,978,109
82$8,178,417$1,659,980$822,838$6,443,824
83$8,899,607$1,628,310$737,394$6,954,608
84$9,690,797$1,591,528$645,527$7,515,060
85$10,559,018$1,549,272$546,912$8,130,255
86$11,512,009$1,501,158$441,205$8,805,784
87$12,558,299$1,446,779$328,049$9,547,815
88$13,707,280$1,385,706$207,074$10,363,147
89$14,969,300$1,317,483$77,888$11,259,279
90$16,355,758$1,241,630$0$12,244,479
91$17,879,213$1,157,637$0$13,340,659
92$19,553,497$1,064,966$0$14,563,641
93$21,393,852$963,048$0$15,907,960
94$23,417,070$851,281$0$17,385,933
95$25,641,648$729,032$0$19,011,130
96$28,087,969$595,627$0$20,798,507
97$30,778,487$450,358$0$22,764,546
98$33,737,943$292,475$0$24,927,411
99$36,993,594$121,187$0$27,307,120
100$40,575,475$0$0$29,925,733