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%17.6%
1 years$131,301$130,131$128,990$127,876$126,789$122,878
2 years$65,000$63,790$62,617$61,479$60,376$56,470
3 years$42,903$41,687$40,517$39,390$38,305$34,526
4 years$31,857$30,645$29,486$28,378$27,319$23,697
5 years$25,231$24,026$22,882$21,797$20,768$17,312
6 years$20,815$19,619$18,492$17,432$16,433$13,146
7 years$17,662$16,476$15,367$14,331$13,364$10,246
8 years$15,298$14,123$13,033$12,022$11,087$8,136
9 years$13,460$12,296$11,225$10,240$9,337$6,550
10 years$11,991$10,839$9,786$8,827$7,955$5,328
11 years$10,790$9,649$8,616$7,682$6,842$4,369
12 years$9,790$8,661$7,646$6,738$5,929$3,606
13 years$8,944$7,827$6,831$5,949$5,170$2,992
14 years$8,220$7,114$6,138$5,281$4,532$2,493
15 years$7,593$6,499$5,542$4,710$3,991$2,084
16 years$7,044$5,963$5,024$4,217$3,527$1,747
17 years$6,561$5,491$4,572$3,789$3,127$1,467
18 years$6,132$5,074$4,174$3,415$2,781$1,235
19 years$5,749$4,703$3,821$3,085$2,478$1,042
20 years$5,404$4,370$3,507$2,794$2,214$879
21 years$5,092$4,071$3,225$2,536$1,981$743
22 years$4,810$3,800$2,973$2,306$1,776$629
23 years$4,552$3,554$2,745$2,100$1,594$532
24 years$4,316$3,330$2,538$1,915$1,433$451
25 years$4,099$3,125$2,351$1,749$1,289$382
26 years$3,900$2,937$2,180$1,599$1,161$324
27 years$3,715$2,764$2,025$1,464$1,047$275
28 years$3,544$2,604$1,882$1,341$945$233
29 years$3,385$2,457$1,752$1,230$853$198
30 years$3,237$2,320$1,632$1,129$771$168
31 years$3,098$2,193$1,521$1,037$697$143
32 years$2,969$2,075$1,419$953$630$121
33 years$2,847$1,965$1,325$876$570$103
34 years$2,734$1,863$1,238$806$517$88
35 years$2,626$1,767$1,158$742$468$75
36 years$2,525$1,677$1,083$683$424$63
37 years$2,430$1,593$1,014$630$384$54
38 years$2,340$1,514$949$580$348$46
39 years$2,255$1,439$889$535$316$39
40 years$2,174$1,369$833$494$286$33
41 years$2,097$1,304$782$455$260$28
42 years$2,024$1,241$733$420$236$24
43 years$1,955$1,183$688$388$214$20
44 years$1,889$1,128$646$358$194$17
45 years$1,826$1,075$606$331$176$15
46 years$1,766$1,026$569$306$160$12
47 years$1,709$979$535$282$145$11
48 years$1,655$934$503$261$132$9
49 years$1,602$892$473$241$120$8
50 years$1,552$852$444$223$109$7

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 $2,813 every year, while hoping to spend $28,127 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: 86/6/8 Blend
60$1,590,000$1,590,000$1,590,000$1,590,000
61$1,755,082$1,670,812$1,646,167$1,904,321
62$1,904,173$1,722,754$1,671,386$2,054,037
63$2,067,529$1,776,300$1,696,508$2,214,388
64$2,246,575$1,831,497$1,721,499$2,389,704
65$2,442,881$1,888,395$1,746,324$2,581,474
66$2,658,175$1,947,047$1,770,947$2,791,337
67$2,894,362$2,007,505$1,795,326$3,021,096
68$3,153,539$2,069,825$1,819,422$3,272,741
69$3,438,017$2,134,063$1,843,190$3,548,461
70$3,750,340$2,200,278$1,866,582$3,850,667
71$4,093,312$2,268,529$1,889,550$4,182,016
72$4,470,021$2,338,878$1,912,041$4,545,434
73$4,883,869$2,411,389$1,934,000$4,944,145
74$5,338,603$2,486,126$1,955,369$5,381,701
75$5,838,353$2,563,159$1,976,086$5,862,012
76$6,387,666$2,642,555$1,996,086$6,389,390
77$6,991,554$2,724,386$2,015,300$6,968,581
78$7,655,537$2,808,725$2,033,658$7,604,818
79$8,385,698$2,895,649$2,051,082$8,303,862
80$9,188,739$2,985,235$2,067,492$9,072,064
81$10,072,042$3,077,564$2,082,805$9,916,419
82$11,043,743$3,172,717$2,096,931$10,844,635
83$12,112,804$3,270,779$2,109,778$11,865,204
84$13,289,101$3,371,839$2,121,247$12,987,482
85$14,583,516$3,475,985$2,131,235$14,221,779
86$16,008,037$3,583,311$2,139,634$15,579,456
87$17,575,875$3,693,911$2,146,330$17,073,027
88$19,301,585$3,807,884$2,151,203$18,716,285
89$21,201,207$3,925,330$2,154,128$20,524,425
90$23,292,412$4,046,353$2,154,973$22,514,192
91$25,594,673$4,171,060$2,153,600$24,704,036
92$28,129,447$4,299,559$2,149,863$27,114,288
93$30,920,379$4,431,966$2,143,611$29,767,349
94$33,993,520$4,568,394$2,134,685$32,687,905
95$37,377,577$4,708,964$2,122,915$35,903,156
96$41,104,186$4,853,799$2,108,129$39,443,076
97$45,208,202$5,003,025$2,090,140$43,340,692
98$49,728,037$5,156,771$2,068,758$47,632,399
99$54,706,016$5,315,172$2,043,781$52,358,303
100$60,188,779$5,478,365$2,014,997$57,562,596