Can I retire at age 61 with 891,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$73,578$72,923$72,283$71,659$71,050$69,192
2 years$36,425$35,746$35,089$34,451$33,833$31,974
3 years$24,042$23,361$22,705$22,073$21,465$19,663
4 years$17,852$17,173$16,523$15,903$15,309$13,578
5 years$14,139$13,463$12,823$12,215$11,638$9,982
6 years$11,664$10,994$10,363$9,768$9,209$7,630
7 years$9,897$9,233$8,611$8,031$7,489$5,988
8 years$8,573$7,914$7,303$6,737$6,213$4,788
9 years$7,543$6,891$6,290$5,738$5,232$3,883
10 years$6,720$6,074$5,484$4,947$4,458$3,182
11 years$6,046$5,407$4,828$4,305$3,834$2,630
12 years$5,486$4,853$4,285$3,776$3,323$2,188
13 years$5,012$4,386$3,828$3,334$2,897$1,830
14 years$4,606$3,987$3,440$2,959$2,540$1,537
15 years$4,255$3,642$3,105$2,639$2,236$1,296
16 years$3,947$3,341$2,816$2,363$1,976$1,096
17 years$3,677$3,077$2,562$2,123$1,752$929
18 years$3,436$2,843$2,339$1,913$1,558$789
19 years$3,221$2,635$2,141$1,729$1,389$671
20 years$3,028$2,449$1,965$1,566$1,240$572
21 years$2,854$2,281$1,807$1,421$1,110$488
22 years$2,695$2,129$1,666$1,292$995$416
23 years$2,551$1,991$1,538$1,177$893$356
24 years$2,419$1,866$1,422$1,073$803$304
25 years$2,297$1,751$1,317$980$722$261
26 years$2,185$1,646$1,222$896$651$223
27 years$2,082$1,549$1,135$820$587$191
28 years$1,986$1,459$1,055$752$529$164
29 years$1,897$1,377$982$689$478$140
30 years$1,814$1,300$914$633$432$120
31 years$1,736$1,229$852$581$391$103
32 years$1,664$1,163$795$534$353$89
33 years$1,596$1,101$743$491$320$76
34 years$1,532$1,044$694$452$289$65
35 years$1,472$990$649$416$262$56
36 years$1,415$940$607$383$238$48
37 years$1,362$893$568$353$215$41
38 years$1,311$848$532$325$195$35
39 years$1,263$807$498$300$177$30
40 years$1,218$767$467$277$161$26
41 years$1,175$730$438$255$146$22
42 years$1,134$696$411$236$132$19
43 years$1,096$663$385$217$120$17
44 years$1,059$632$362$201$109$14
45 years$1,023$603$340$185$99$12
46 years$990$575$319$171$90$11
47 years$958$549$300$158$81$9
48 years$927$524$282$146$74$8
49 years$898$500$265$135$67$7
50 years$870$478$249$125$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $891,000, adding $5,773 every year, while hoping to spend $39,049 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: 59/14/27 Blend
60$891,000$891,000$891,000$891,000
61$987,837$940,614$926,803$1,038,577
62$1,047,048$945,156$916,303$1,078,427
63$1,110,991$948,612$904,143$1,117,214
64$1,180,105$950,888$890,225$1,158,705
65$1,254,877$951,882$874,449$1,203,169
66$1,335,839$951,489$856,707$1,250,910
67$1,423,577$949,595$836,890$1,302,260
68$1,518,737$946,079$814,880$1,357,590
69$1,622,026$940,816$790,557$1,417,306
70$1,734,225$933,668$763,793$1,481,861
71$1,856,191$924,492$734,455$1,551,754
72$1,988,867$913,137$702,404$1,627,538
73$2,133,291$899,441$667,494$1,709,823
74$2,290,606$883,232$629,574$1,799,284
75$2,462,069$864,331$588,486$1,896,668
76$2,649,061$842,545$544,061$2,002,800
77$2,853,107$817,671$496,129$2,118,592
78$3,075,881$789,494$444,506$2,245,051
79$3,319,228$757,787$389,005$2,383,290
80$3,585,180$722,309$329,427$2,534,540
81$3,875,972$682,805$265,566$2,700,159
82$4,194,065$639,007$197,206$2,881,649
83$4,542,169$590,628$124,123$3,080,666
84$4,923,271$537,369$46,081$3,299,043
85$5,340,655$478,911$0$3,538,801
86$5,797,942$414,918$0$3,812,890
87$6,299,117$345,033$0$4,127,921
88$6,848,570$268,883$0$4,473,404
89$7,451,136$186,070$0$4,852,424
90$8,112,140$96,176$0$5,268,380
91$8,837,447$0$0$5,725,021
92$9,633,519$0$0$6,226,669
93$10,507,472$0$0$6,793,735
94$11,467,145$0$0$7,416,497
95$12,521,174$0$0$8,100,571
96$13,679,071$0$0$8,852,138
97$14,951,318$0$0$9,678,013
98$16,349,459$0$0$10,585,701
99$17,886,212$0$0$11,583,469
100$19,575,592$0$0$12,680,428