Can I retire at age 61 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$73,578$72,923$72,283$71,659$71,050$70,133
2 years$36,425$35,746$35,089$34,451$33,833$32,911
3 years$24,042$23,361$22,705$22,073$21,465$20,566
4 years$17,852$17,173$16,523$15,903$15,309$14,440
5 years$14,139$13,463$12,823$12,215$11,638$10,801
6 years$11,664$10,994$10,363$9,768$9,209$8,405
7 years$9,897$9,233$8,611$8,031$7,489$6,720
8 years$8,573$7,914$7,303$6,737$6,213$5,477
9 years$7,543$6,891$6,290$5,738$5,232$4,530
10 years$6,720$6,074$5,484$4,947$4,458$3,789
11 years$6,046$5,407$4,828$4,305$3,834$3,197
12 years$5,486$4,853$4,285$3,776$3,323$2,718
13 years$5,012$4,386$3,828$3,334$2,897$2,323
14 years$4,606$3,987$3,440$2,959$2,540$1,996
15 years$4,255$3,642$3,105$2,639$2,236$1,721
16 years$3,947$3,341$2,816$2,363$1,976$1,490
17 years$3,677$3,077$2,562$2,123$1,752$1,293
18 years$3,436$2,843$2,339$1,913$1,558$1,125
19 years$3,221$2,635$2,141$1,729$1,389$980
20 years$3,028$2,449$1,965$1,566$1,240$856
21 years$2,854$2,281$1,807$1,421$1,110$749
22 years$2,695$2,129$1,666$1,292$995$656
23 years$2,551$1,991$1,538$1,177$893$575
24 years$2,419$1,866$1,422$1,073$803$505
25 years$2,297$1,751$1,317$980$722$444
26 years$2,185$1,646$1,222$896$651$390
27 years$2,082$1,549$1,135$820$587$343
28 years$1,986$1,459$1,055$752$529$302
29 years$1,897$1,377$982$689$478$266
30 years$1,814$1,300$914$633$432$235
31 years$1,736$1,229$852$581$391$207
32 years$1,664$1,163$795$534$353$182
33 years$1,596$1,101$743$491$320$161
34 years$1,532$1,044$694$452$289$142
35 years$1,472$990$649$416$262$125
36 years$1,415$940$607$383$238$111
37 years$1,362$893$568$353$215$98
38 years$1,311$848$532$325$195$86
39 years$1,263$807$498$300$177$76
40 years$1,218$767$467$277$161$67
41 years$1,175$730$438$255$146$59
42 years$1,134$696$411$236$132$53
43 years$1,096$663$385$217$120$46
44 years$1,059$632$362$201$109$41
45 years$1,023$603$340$185$99$36
46 years$990$575$319$171$90$32
47 years$958$549$300$158$81$28
48 years$927$524$282$146$74$25
49 years$898$500$265$135$67$22
50 years$870$478$249$125$61$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $891,000, adding $5,572 every year, while hoping to spend $47,127 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: 47/46/7 Blend
60$891,000$891,000$891,000$891,000
61$987,630$940,407$926,596$1,031,933
62$1,038,225$936,344$907,494$1,058,866
63$1,092,402$930,502$886,173$1,082,680
64$1,150,475$922,745$862,508$1,107,422
65$1,212,791$912,928$836,370$1,133,192
66$1,279,731$900,896$807,623$1,160,103
67$1,351,709$886,486$776,125$1,188,282
68$1,429,186$869,525$741,727$1,217,872
69$1,512,662$849,832$704,274$1,249,034
70$1,602,690$827,210$663,604$1,281,948
71$1,699,877$801,456$619,547$1,316,817
72$1,804,889$772,352$571,927$1,353,870
73$1,918,459$739,668$520,557$1,393,362
74$2,041,390$703,160$465,244$1,435,577
75$2,174,569$662,573$405,787$1,480,836
76$2,318,969$617,632$341,975$1,529,496
77$2,475,659$568,051$273,586$1,581,958
78$2,645,816$513,526$200,391$1,638,666
79$2,830,735$453,734$122,150$1,700,120
80$3,031,840$388,337$38,612$1,766,874
81$3,250,697$316,975$0$1,839,549
82$3,489,030$239,269$0$1,922,610
83$3,748,736$154,818$0$2,016,372
84$4,031,903$63,199$0$2,118,828
85$4,340,827$0$0$2,230,950
86$4,678,039$0$0$2,372,061
87$5,046,321$0$0$2,561,206
88$5,448,738$0$0$2,767,981
89$5,888,665$0$0$2,994,131
90$6,369,814$0$0$3,241,578
91$6,896,277$0$0$3,512,440
92$7,472,556$0$0$3,809,046
93$8,103,611$0$0$4,133,964
94$8,794,903$0$0$4,490,020
95$9,552,445$0$0$4,880,328
96$10,382,861$0$0$5,308,314
97$11,293,445$0$0$5,777,757
98$12,292,232$0$0$6,292,814
99$13,388,071$0$0$6,858,068
100$14,590,710$0$0$7,478,564