Can I retire at age 61 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$74,321$73,659$73,013$72,383$71,767$69,138
2 years$36,793$36,107$35,443$34,799$34,175$31,556
3 years$24,285$23,597$22,934$22,296$21,682$19,155
4 years$18,032$17,346$16,690$16,063$15,464$13,048
5 years$14,281$13,599$12,952$12,338$11,755$9,457
6 years$11,782$11,105$10,467$9,867$9,302$7,122
7 years$9,997$9,326$8,698$8,112$7,565$5,504
8 years$8,659$7,994$7,377$6,805$6,276$4,332
9 years$7,619$6,960$6,354$5,796$5,285$3,455
10 years$6,787$6,135$5,539$4,997$4,503$2,784
11 years$6,108$5,462$4,877$4,348$3,873$2,261
12 years$5,541$4,902$4,328$3,814$3,356$1,848
13 years$5,063$4,430$3,867$3,367$2,927$1,518
14 years$4,653$4,027$3,474$2,989$2,565$1,251
15 years$4,298$3,679$3,137$2,666$2,259$1,035
16 years$3,987$3,375$2,844$2,387$1,996$858
17 years$3,714$3,108$2,588$2,145$1,770$713
18 years$3,471$2,872$2,362$1,933$1,574$594
19 years$3,254$2,662$2,163$1,746$1,403$495
20 years$3,059$2,474$1,985$1,582$1,253$413
21 years$2,883$2,304$1,826$1,436$1,121$345
22 years$2,722$2,151$1,683$1,305$1,005$288
23 years$2,577$2,012$1,554$1,189$902$241
24 years$2,443$1,885$1,437$1,084$811$202
25 years$2,320$1,769$1,331$990$730$169
26 years$2,207$1,662$1,234$905$657$142
27 years$2,103$1,564$1,146$829$593$119
28 years$2,006$1,474$1,065$759$535$100
29 years$1,916$1,391$991$696$483$84
30 years$1,832$1,313$924$639$436$70
31 years$1,754$1,242$861$587$394$59
32 years$1,680$1,175$803$539$357$49
33 years$1,612$1,113$750$496$323$41
34 years$1,547$1,054$701$456$292$35
35 years$1,487$1,000$655$420$265$29
36 years$1,429$949$613$387$240$24
37 years$1,375$902$574$356$217$21
38 years$1,324$857$537$329$197$17
39 years$1,276$815$503$303$179$14
40 years$1,230$775$472$279$162$12
41 years$1,187$738$442$258$147$10
42 years$1,146$703$415$238$133$9
43 years$1,107$670$389$220$121$7
44 years$1,069$638$366$203$110$6
45 years$1,034$609$343$187$100$5
46 years$1,000$581$322$173$91$4
47 years$968$554$303$160$82$4
48 years$937$529$285$148$75$3
49 years$907$505$267$136$68$3
50 years$879$482$251$126$62$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $900,000, adding $6,635 every year, while hoping to spend $34,325 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: 27/50/23 Blend
60$900,000$900,000$900,000$900,000
61$998,644$950,944$936,994$1,018,226
62$1,063,984$961,019$931,862$1,044,322
63$1,134,839$970,437$925,407$1,068,879
64$1,211,733$979,129$917,550$1,094,520
65$1,295,248$987,024$908,205$1,121,362
66$1,386,018$994,043$897,285$1,149,530
67$1,484,744$1,000,103$884,696$1,179,170
68$1,592,197$1,005,117$870,342$1,210,439
69$1,709,224$1,008,991$854,122$1,243,519
70$1,836,758$1,011,626$835,929$1,278,608
71$1,975,827$1,012,915$815,652$1,315,931
72$2,127,560$1,012,746$793,175$1,355,737
73$2,293,201$1,011,001$768,376$1,398,305
74$2,474,120$1,007,552$741,128$1,443,946
75$2,671,822$1,002,264$711,299$1,493,006
76$2,887,969$994,996$678,748$1,545,872
77$3,124,387$985,596$643,331$1,602,973
78$3,383,088$973,903$604,896$1,664,787
79$3,666,286$959,748$563,283$1,731,847
80$3,976,421$942,950$518,328$1,804,744
81$4,316,180$923,318$469,855$1,884,137
82$4,688,521$900,651$417,686$1,970,757
83$5,096,701$874,734$361,629$2,065,416
84$5,544,308$845,340$301,488$2,169,016
85$6,035,296$812,230$237,056$2,282,559
86$6,574,017$775,150$168,118$2,407,155
87$7,165,265$733,831$94,448$2,544,036
88$7,814,323$687,989$15,813$2,694,570
89$8,527,008$637,325$0$2,860,272
90$9,309,729$581,520$0$3,059,536
91$10,169,547$520,239$0$3,282,736
92$11,114,237$453,128$0$3,528,116
93$12,152,369$379,811$0$3,798,028
94$13,293,382$299,892$0$4,095,072
95$14,547,674$212,954$0$4,422,123
96$15,926,702$118,555$0$4,782,357
97$17,443,090$16,228$0$5,179,284
98$19,110,742$0$0$5,616,784
99$20,944,981$0$0$6,151,147
100$22,962,689$0$0$6,748,950