Can I retire at age 61 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$131,301$130,131$128,990$127,876$126,789$125,727
2 years$65,000$63,790$62,617$61,479$60,376$59,305
3 years$42,903$41,687$40,517$39,390$38,305$37,259
4 years$31,857$30,645$29,486$28,378$27,319$26,306
5 years$25,231$24,026$22,882$21,797$20,768$19,791
6 years$20,815$19,619$18,492$17,432$16,433$15,493
7 years$17,662$16,476$15,367$14,331$13,364$12,462
8 years$15,298$14,123$13,033$12,022$11,087$10,222
9 years$13,460$12,296$11,225$10,240$9,337$8,509
10 years$11,991$10,839$9,786$8,827$7,955$7,164
11 years$10,790$9,649$8,616$7,682$6,842$6,087
12 years$9,790$8,661$7,646$6,738$5,929$5,210
13 years$8,944$7,827$6,831$5,949$5,170$4,486
14 years$8,220$7,114$6,138$5,281$4,532$3,881
15 years$7,593$6,499$5,542$4,710$3,991$3,373
16 years$7,044$5,963$5,024$4,217$3,527$2,941
17 years$6,561$5,491$4,572$3,789$3,127$2,572
18 years$6,132$5,074$4,174$3,415$2,781$2,255
19 years$5,749$4,703$3,821$3,085$2,478$1,982
20 years$5,404$4,370$3,507$2,794$2,214$1,745
21 years$5,092$4,071$3,225$2,536$1,981$1,539
22 years$4,810$3,800$2,973$2,306$1,776$1,359
23 years$4,552$3,554$2,745$2,100$1,594$1,202
24 years$4,316$3,330$2,538$1,915$1,433$1,064
25 years$4,099$3,125$2,351$1,749$1,289$943
26 years$3,900$2,937$2,180$1,599$1,161$836
27 years$3,715$2,764$2,025$1,464$1,047$742
28 years$3,544$2,604$1,882$1,341$945$659
29 years$3,385$2,457$1,752$1,230$853$586
30 years$3,237$2,320$1,632$1,129$771$521
31 years$3,098$2,193$1,521$1,037$697$463
32 years$2,969$2,075$1,419$953$630$412
33 years$2,847$1,965$1,325$876$570$367
34 years$2,734$1,863$1,238$806$517$327
35 years$2,626$1,767$1,158$742$468$291
36 years$2,525$1,677$1,083$683$424$260
37 years$2,430$1,593$1,014$630$384$231
38 years$2,340$1,514$949$580$348$206
39 years$2,255$1,439$889$535$316$184
40 years$2,174$1,369$833$494$286$164
41 years$2,097$1,304$782$455$260$146
42 years$2,024$1,241$733$420$236$130
43 years$1,955$1,183$688$388$214$116
44 years$1,889$1,128$646$358$194$104
45 years$1,826$1,075$606$331$176$93
46 years$1,766$1,026$569$306$160$83
47 years$1,709$979$535$282$145$74
48 years$1,655$934$503$261$132$66
49 years$1,602$892$473$241$120$59
50 years$1,552$852$444$223$109$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $1,590,000, adding $6,312 every year, while hoping to spend $57,003 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: 51/26/23 Blend
60$1,590,000$1,590,000$1,590,000$1,590,000
61$1,758,691$1,674,421$1,649,776$1,836,789
62$1,877,427$1,695,817$1,644,393$1,912,944
63$2,006,363$1,716,350$1,636,918$1,989,371
64$2,146,480$1,735,920$1,627,223$2,071,295
65$2,298,856$1,754,415$1,615,171$2,159,260
66$2,464,678$1,771,720$1,600,617$2,253,868
67$2,645,251$1,787,710$1,583,414$2,355,782
68$2,842,011$1,802,252$1,563,403$2,465,736
69$3,056,540$1,815,206$1,540,420$2,584,542
70$3,290,577$1,826,421$1,514,294$2,713,096
71$3,546,037$1,835,737$1,484,844$2,852,387
72$3,825,028$1,842,984$1,451,882$3,003,510
73$4,129,871$1,847,980$1,415,211$3,167,673
74$4,463,121$1,850,535$1,374,623$3,346,210
75$4,827,591$1,850,442$1,329,905$3,540,595
76$5,226,377$1,847,486$1,280,828$3,752,456
77$5,662,891$1,841,435$1,227,159$3,983,591
78$6,140,886$1,832,046$1,168,649$4,235,986
79$6,664,499$1,819,059$1,105,042$4,511,832
80$7,238,284$1,802,199$1,036,066$4,813,551
81$7,867,256$1,781,174$961,441$5,143,815
82$8,556,939$1,755,674$880,873$5,505,573
83$9,313,417$1,725,372$794,052$5,902,085
84$10,143,391$1,689,922$700,659$6,336,944
85$11,054,244$1,648,954$600,358$6,814,119
86$12,054,104$1,602,080$492,797$7,337,991
87$13,151,928$1,548,888$377,611$7,913,394
88$14,357,582$1,488,941$254,419$8,545,662
89$15,681,934$1,421,777$122,820$9,240,685
90$17,136,955$1,346,909$0$10,004,957
91$18,735,836$1,263,819$0$10,849,973
92$20,493,107$1,171,961$0$11,811,765
93$22,424,775$1,070,758$0$12,868,999
94$24,548,476$959,600$0$14,031,418
95$26,883,641$837,840$0$15,309,767
96$29,451,676$704,798$0$16,715,890
97$32,276,166$559,753$0$18,262,844
98$35,383,098$401,943$0$19,965,026
99$38,801,101$230,566$0$21,838,307
100$42,561,723$44,773$0$23,900,183