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%18.8%
1 years$131,301$130,131$128,990$127,876$126,789$122,290
2 years$65,000$63,790$62,617$61,479$60,376$55,891
3 years$42,903$41,687$40,517$39,390$38,305$33,976
4 years$31,857$30,645$29,486$28,378$27,319$23,179
5 years$25,231$24,026$22,882$21,797$20,768$16,826
6 years$20,815$19,619$18,492$17,432$16,433$12,693
7 years$17,662$16,476$15,367$14,331$13,364$9,826
8 years$15,298$14,123$13,033$12,022$11,087$7,747
9 years$13,460$12,296$11,225$10,240$9,337$6,191
10 years$11,991$10,839$9,786$8,827$7,955$4,998
11 years$10,790$9,649$8,616$7,682$6,842$4,067
12 years$9,790$8,661$7,646$6,738$5,929$3,330
13 years$8,944$7,827$6,831$5,949$5,170$2,741
14 years$8,220$7,114$6,138$5,281$4,532$2,264
15 years$7,593$6,499$5,542$4,710$3,991$1,877
16 years$7,044$5,963$5,024$4,217$3,527$1,560
17 years$6,561$5,491$4,572$3,789$3,127$1,299
18 years$6,132$5,074$4,174$3,415$2,781$1,084
19 years$5,749$4,703$3,821$3,085$2,478$905
20 years$5,404$4,370$3,507$2,794$2,214$757
21 years$5,092$4,071$3,225$2,536$1,981$634
22 years$4,810$3,800$2,973$2,306$1,776$532
23 years$4,552$3,554$2,745$2,100$1,594$446
24 years$4,316$3,330$2,538$1,915$1,433$374
25 years$4,099$3,125$2,351$1,749$1,289$314
26 years$3,900$2,937$2,180$1,599$1,161$264
27 years$3,715$2,764$2,025$1,464$1,047$222
28 years$3,544$2,604$1,882$1,341$945$186
29 years$3,385$2,457$1,752$1,230$853$157
30 years$3,237$2,320$1,632$1,129$771$132
31 years$3,098$2,193$1,521$1,037$697$111
32 years$2,969$2,075$1,419$953$630$93
33 years$2,847$1,965$1,325$876$570$78
34 years$2,734$1,863$1,238$806$517$66
35 years$2,626$1,767$1,158$742$468$55
36 years$2,525$1,677$1,083$683$424$47
37 years$2,430$1,593$1,014$630$384$39
38 years$2,340$1,514$949$580$348$33
39 years$2,255$1,439$889$535$316$28
40 years$2,174$1,369$833$494$286$23
41 years$2,097$1,304$782$455$260$20
42 years$2,024$1,241$733$420$236$17
43 years$1,955$1,183$688$388$214$14
44 years$1,889$1,128$646$358$194$12
45 years$1,826$1,075$606$331$176$10
46 years$1,766$1,026$569$306$160$8
47 years$1,709$979$535$282$145$7
48 years$1,655$934$503$261$132$6
49 years$1,602$892$473$241$120$5
50 years$1,552$852$444$223$109$4

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 $5,236 every year, while hoping to spend $42,139 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: 67/9/24 Blend
60$1,590,000$1,590,000$1,590,000$1,590,000
61$1,757,581$1,673,311$1,648,666$1,864,168
62$1,892,019$1,710,468$1,659,061$1,973,574
63$2,038,757$1,748,033$1,668,391$2,087,891
64$2,199,005$1,785,982$1,676,578$2,211,940
65$2,374,096$1,824,287$1,683,536$2,346,681
66$2,565,497$1,862,920$1,689,177$2,493,171
67$2,774,821$1,901,847$1,693,408$2,652,577
68$3,003,847$1,941,032$1,696,131$2,826,185
69$3,254,533$1,980,435$1,697,245$3,015,410
70$3,529,034$2,020,015$1,696,641$3,221,814
71$3,829,724$2,059,725$1,694,207$3,447,117
72$4,159,217$2,099,513$1,689,825$3,693,215
73$4,520,393$2,139,324$1,683,370$3,962,198
74$4,916,422$2,179,100$1,674,712$4,256,371
75$5,350,797$2,218,776$1,663,714$4,578,271
76$5,827,365$2,258,283$1,650,235$4,930,697
77$6,350,362$2,297,544$1,634,124$5,316,733
78$6,924,456$2,336,481$1,615,224$5,739,780
79$7,554,788$2,375,006$1,593,372$6,203,584
80$8,247,021$2,413,026$1,568,394$6,712,274
81$9,007,394$2,450,441$1,540,112$7,270,404
82$9,842,778$2,487,143$1,508,336$7,882,991
83$10,760,746$2,523,017$1,472,870$8,555,565
84$11,769,637$2,557,941$1,433,507$9,294,223
85$12,878,642$2,591,781$1,390,030$10,105,682
86$14,097,882$2,624,397$1,342,215$10,997,348
87$15,438,512$2,655,639$1,289,826$11,977,384
88$16,912,820$2,685,345$1,232,614$13,054,785
89$18,534,344$2,713,343$1,170,323$14,239,470
90$20,318,000$2,739,450$1,102,682$15,542,365
91$22,280,224$2,763,471$1,029,410$16,975,518
92$24,439,122$2,785,197$950,211$18,552,207
93$26,814,648$2,804,406$864,778$20,287,064
94$29,428,783$2,820,863$772,789$22,196,220
95$32,305,750$2,834,316$673,908$24,297,451
96$35,472,237$2,844,498$567,784$26,610,351
97$38,957,651$2,851,125$454,052$29,156,515
98$42,794,397$2,853,895$332,327$31,959,744
99$47,018,176$2,852,487$202,212$35,046,272
100$51,668,332$2,846,561$63,288$38,445,009