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%11.2%
1 years$73,578$72,923$72,283$71,659$71,050$70,691
2 years$36,425$35,746$35,089$34,451$33,833$33,471
3 years$24,042$23,361$22,705$22,073$21,465$21,111
4 years$17,852$17,173$16,523$15,903$15,309$14,966
5 years$14,139$13,463$12,823$12,215$11,638$11,306
6 years$11,664$10,994$10,363$9,768$9,209$8,889
7 years$9,897$9,233$8,611$8,031$7,489$7,181
8 years$8,573$7,914$7,303$6,737$6,213$5,917
9 years$7,543$6,891$6,290$5,738$5,232$4,949
10 years$6,720$6,074$5,484$4,947$4,458$4,187
11 years$6,046$5,407$4,828$4,305$3,834$3,575
12 years$5,486$4,853$4,285$3,776$3,323$3,075
13 years$5,012$4,386$3,828$3,334$2,897$2,661
14 years$4,606$3,987$3,440$2,959$2,540$2,315
15 years$4,255$3,642$3,105$2,639$2,236$2,022
16 years$3,947$3,341$2,816$2,363$1,976$1,773
17 years$3,677$3,077$2,562$2,123$1,752$1,559
18 years$3,436$2,843$2,339$1,913$1,558$1,375
19 years$3,221$2,635$2,141$1,729$1,389$1,215
20 years$3,028$2,449$1,965$1,566$1,240$1,076
21 years$2,854$2,281$1,807$1,421$1,110$955
22 years$2,695$2,129$1,666$1,292$995$848
23 years$2,551$1,991$1,538$1,177$893$755
24 years$2,419$1,866$1,422$1,073$803$672
25 years$2,297$1,751$1,317$980$722$599
26 years$2,185$1,646$1,222$896$651$535
27 years$2,082$1,549$1,135$820$587$478
28 years$1,986$1,459$1,055$752$529$427
29 years$1,897$1,377$982$689$478$382
30 years$1,814$1,300$914$633$432$342
31 years$1,736$1,229$852$581$391$306
32 years$1,664$1,163$795$534$353$274
33 years$1,596$1,101$743$491$320$246
34 years$1,532$1,044$694$452$289$220
35 years$1,472$990$649$416$262$198
36 years$1,415$940$607$383$238$177
37 years$1,362$893$568$353$215$159
38 years$1,311$848$532$325$195$143
39 years$1,263$807$498$300$177$128
40 years$1,218$767$467$277$161$115
41 years$1,175$730$438$255$146$103
42 years$1,134$696$411$236$132$93
43 years$1,096$663$385$217$120$83
44 years$1,059$632$362$201$109$75
45 years$1,023$603$340$185$99$67
46 years$990$575$319$171$90$60
47 years$958$549$300$158$81$54
48 years$927$524$282$146$74$49
49 years$898$500$265$135$67$44
50 years$870$478$249$125$61$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $891,000, adding $5,877 every year, while hoping to spend $20,038 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: 52/39/9 Blend
60$891,000$891,000$891,000$891,000
61$987,944$940,721$926,911$1,036,751
62$1,067,394$965,496$936,642$1,095,378
63$1,154,276$990,814$946,027$1,156,446
64$1,249,328$1,016,679$955,035$1,222,386
65$1,353,360$1,043,097$963,629$1,293,662
66$1,467,267$1,070,072$971,775$1,370,784
67$1,592,032$1,097,609$979,433$1,454,314
68$1,728,738$1,125,712$986,563$1,544,871
69$1,878,580$1,154,382$993,123$1,643,137
70$2,042,871$1,183,622$999,068$1,749,860
71$2,223,058$1,213,435$1,004,352$1,865,868
72$2,420,738$1,243,821$1,008,925$1,992,069
73$2,637,664$1,274,779$1,012,736$2,129,466
74$2,875,773$1,306,310$1,015,729$2,279,161
75$3,137,195$1,338,412$1,017,849$2,442,369
76$3,424,276$1,371,082$1,019,034$2,620,430
77$3,739,603$1,404,315$1,019,223$2,814,816
78$4,086,023$1,438,108$1,018,348$3,027,153
79$4,466,676$1,472,453$1,016,341$3,259,229
80$4,885,017$1,507,344$1,013,128$3,513,016
81$5,344,855$1,542,771$1,008,635$3,790,686
82$5,850,387$1,578,722$1,002,780$4,094,630
83$6,406,233$1,615,187$995,480$4,427,485
84$7,017,488$1,652,150$986,648$4,792,156
85$7,689,762$1,689,596$976,191$5,191,843
86$8,429,238$1,727,506$964,013$5,630,072
87$9,242,726$1,765,860$950,014$6,110,728
88$10,137,732$1,804,635$934,087$6,638,094
89$11,122,525$1,843,806$916,123$7,216,886
90$12,206,214$1,883,344$896,005$7,852,305
91$13,398,840$1,923,220$873,613$8,550,078
92$14,711,462$1,963,398$848,820$9,316,519
93$16,156,269$2,003,843$821,493$10,158,583
94$17,746,690$2,044,512$791,494$11,083,938
95$19,497,522$2,085,363$758,679$12,101,031
96$21,425,070$2,126,346$722,895$13,219,172
97$23,547,300$2,167,410$683,985$14,448,620
98$25,884,009$2,208,498$641,783$15,800,681
99$28,457,011$2,249,547$596,116$17,287,814
100$31,290,344$2,290,493$546,804$18,923,751