Can I retire at age 61 with 899,000?

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 $899,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$74,239$73,577$72,932$72,302$71,688$71,117
2 years$36,752$36,067$35,404$34,761$34,137$33,561
3 years$24,258$23,570$22,909$22,272$21,658$21,096
4 years$18,012$17,327$16,672$16,045$15,447$14,902
5 years$14,266$13,584$12,938$12,324$11,742$11,217
6 years$11,769$11,093$10,456$9,856$9,291$8,786
7 years$9,986$9,316$8,689$8,103$7,556$7,071
8 years$8,650$7,985$7,369$6,797$6,269$5,803
9 years$7,611$6,953$6,347$5,790$5,279$4,834
10 years$6,780$6,128$5,533$4,991$4,498$4,072
11 years$6,101$5,456$4,871$4,344$3,868$3,462
12 years$5,535$4,897$4,323$3,810$3,352$2,965
13 years$5,057$4,425$3,862$3,364$2,923$2,554
14 years$4,647$4,022$3,470$2,986$2,563$2,212
15 years$4,293$3,675$3,133$2,663$2,256$1,923
16 years$3,983$3,371$2,841$2,384$1,994$1,678
17 years$3,710$3,105$2,585$2,142$1,768$1,469
18 years$3,467$2,869$2,360$1,931$1,572$1,289
19 years$3,250$2,659$2,160$1,744$1,401$1,133
20 years$3,055$2,471$1,983$1,580$1,252$999
21 years$2,879$2,302$1,824$1,434$1,120$881
22 years$2,719$2,148$1,681$1,304$1,004$779
23 years$2,574$2,009$1,552$1,187$901$689
24 years$2,440$1,883$1,435$1,083$810$611
25 years$2,318$1,767$1,329$989$729$542
26 years$2,205$1,660$1,233$904$657$481
27 years$2,100$1,563$1,145$828$592$427
28 years$2,004$1,473$1,064$758$534$380
29 years$1,914$1,389$990$695$482$338
30 years$1,830$1,312$923$638$436$300
31 years$1,752$1,240$860$586$394$267
32 years$1,679$1,173$802$539$356$238
33 years$1,610$1,111$749$495$323$212
34 years$1,546$1,053$700$456$292$189
35 years$1,485$999$654$420$265$169
36 years$1,428$948$612$386$240$150
37 years$1,374$901$573$356$217$134
38 years$1,323$856$537$328$197$120
39 years$1,275$814$503$303$179$107
40 years$1,229$774$471$279$162$95
41 years$1,186$737$442$258$147$85
42 years$1,145$702$415$238$133$76
43 years$1,105$669$389$219$121$68
44 years$1,068$638$365$203$110$61
45 years$1,033$608$343$187$100$54
46 years$999$580$322$173$91$48
47 years$966$553$302$160$82$43
48 years$936$528$284$148$75$39
49 years$906$505$267$136$68$34
50 years$878$482$251$126$62$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $899,000, adding $6,921 every year, while hoping to spend $36,352 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: 76/10/14 Blend
60$899,000$899,000$899,000$899,000
61$997,837$950,190$936,256$1,070,228
62$1,060,938$958,071$928,942$1,126,836
63$1,129,257$965,120$920,165$1,183,631
64$1,203,288$971,257$909,837$1,244,892
65$1,283,574$976,399$897,867$1,311,053
66$1,370,711$980,456$884,158$1,382,591
67$1,465,358$983,332$868,612$1,460,032
68$1,568,236$984,927$851,121$1,543,955
69$1,680,139$985,132$831,577$1,634,998
70$1,801,943$983,833$809,865$1,733,865
71$1,934,610$980,909$785,864$1,841,332
72$2,079,198$976,231$759,448$1,958,255
73$2,236,872$969,663$730,486$2,085,576
74$2,408,916$961,059$698,840$2,224,334
75$2,596,740$950,266$664,366$2,375,674
76$2,801,899$937,120$626,914$2,540,860
77$3,026,103$921,450$586,326$2,721,283
78$3,271,236$903,072$542,438$2,918,478
79$3,539,372$881,792$495,080$3,134,136
80$3,832,793$857,405$444,070$3,370,123
81$4,154,014$829,694$389,222$3,628,495
82$4,505,803$798,428$330,341$3,911,518
83$4,891,209$763,366$267,222$4,221,689
84$5,313,590$724,248$199,651$4,561,765
85$5,776,643$680,803$127,406$4,934,781
86$6,284,441$632,743$50,255$5,344,084
87$6,841,470$579,763$0$5,793,364
88$7,452,671$521,542$0$6,291,482
89$8,123,484$457,739$0$6,846,452
90$8,859,906$387,995$0$7,455,742
91$9,668,540$311,929$0$8,124,843
92$10,556,660$229,142$0$8,859,804
93$11,532,278$139,209$0$9,667,292
94$12,604,223$41,683$0$10,554,653
95$13,782,219$0$0$11,529,982
96$15,076,980$0$0$12,609,233
97$16,500,310$0$0$13,800,732
98$18,065,212$0$0$15,110,783
99$19,786,013$0$0$16,551,383
100$21,678,497$0$0$18,135,753