Can I retire at age 61 with 901,000?

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 $901,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$74,404$73,741$73,094$72,463$71,847$70,310
2 years$36,834$36,148$35,483$34,838$34,213$32,672
3 years$24,312$23,623$22,960$22,321$21,706$20,209
4 years$18,052$17,365$16,709$16,081$15,481$14,040
5 years$14,297$13,615$12,967$12,352$11,768$10,387
6 years$11,795$11,117$10,479$9,878$9,312$7,992
7 years$10,008$9,336$8,708$8,121$7,573$6,314
8 years$8,669$8,003$7,385$6,813$6,283$5,085
9 years$7,628$6,968$6,361$5,803$5,291$4,153
10 years$6,795$6,142$5,546$5,002$4,508$3,429
11 years$6,114$5,468$4,882$4,353$3,877$2,856
12 years$5,548$4,908$4,333$3,818$3,360$2,395
13 years$5,068$4,435$3,871$3,371$2,930$2,019
14 years$4,658$4,031$3,478$2,993$2,568$1,710
15 years$4,302$3,683$3,140$2,669$2,261$1,454
16 years$3,992$3,379$2,847$2,390$1,999$1,240
17 years$3,718$3,112$2,591$2,147$1,772$1,060
18 years$3,475$2,875$2,365$1,935$1,576$908
19 years$3,258$2,665$2,165$1,748$1,404$780
20 years$3,062$2,476$1,987$1,583$1,254$670
21 years$2,886$2,307$1,828$1,437$1,123$577
22 years$2,726$2,153$1,685$1,307$1,006$497
23 years$2,579$2,014$1,555$1,190$903$429
24 years$2,446$1,887$1,438$1,085$812$371
25 years$2,323$1,771$1,332$991$731$320
26 years$2,210$1,664$1,236$906$658$277
27 years$2,105$1,566$1,147$830$593$239
28 years$2,008$1,476$1,067$760$535$207
29 years$1,918$1,392$993$697$483$179
30 years$1,834$1,315$925$640$437$155
31 years$1,756$1,243$862$587$395$135
32 years$1,682$1,176$804$540$357$117
33 years$1,614$1,114$751$496$323$101
34 years$1,549$1,056$702$457$293$88
35 years$1,488$1,001$656$421$265$76
36 years$1,431$950$614$387$240$66
37 years$1,377$903$574$357$218$57
38 years$1,326$858$538$329$197$50
39 years$1,278$816$504$303$179$43
40 years$1,232$776$472$280$162$37
41 years$1,188$739$443$258$147$32
42 years$1,147$704$415$238$134$28
43 years$1,108$670$390$220$121$24
44 years$1,071$639$366$203$110$21
45 years$1,035$609$344$187$100$18
46 years$1,001$581$323$173$91$16
47 years$969$555$303$160$82$14
48 years$938$530$285$148$75$12
49 years$908$506$268$137$68$10
50 years$880$483$252$126$62$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $901,000, adding $6,300 every year, while hoping to spend $28,519 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: 75/5/20 Blend
60$901,000$901,000$901,000$901,000
61$999,400$951,647$937,682$1,069,181
62$1,070,995$967,934$938,750$1,132,584
63$1,148,937$984,063$938,899$1,197,962
64$1,233,843$999,996$938,066$1,268,884
65$1,326,392$1,015,693$936,188$1,345,899
66$1,427,332$1,031,111$933,199$1,429,606
67$1,537,486$1,046,201$929,027$1,520,670
68$1,657,760$1,060,915$923,599$1,619,822
69$1,789,150$1,075,198$916,839$1,727,866
70$1,932,754$1,088,994$908,664$1,845,691
71$2,089,781$1,102,241$898,990$1,974,273
72$2,261,561$1,114,873$887,729$2,114,693
73$2,449,559$1,126,821$874,787$2,268,136
74$2,655,389$1,138,010$860,066$2,435,914
75$2,880,826$1,148,360$843,466$2,619,469
76$3,127,828$1,157,787$824,880$2,820,390
77$3,398,548$1,166,200$804,195$3,040,433
78$3,695,360$1,173,504$781,295$3,281,528
79$4,020,876$1,179,595$756,059$3,545,805
80$4,377,976$1,184,366$728,357$3,835,610
81$4,769,829$1,187,699$698,057$4,153,532
82$5,199,929$1,189,474$665,018$4,502,421
83$5,672,121$1,189,557$629,096$4,885,419
84$6,190,644$1,187,812$590,137$5,305,991
85$6,760,164$1,184,090$547,982$5,767,953
86$7,385,826$1,178,235$502,464$6,275,513
87$8,073,292$1,170,081$453,408$6,833,309
88$8,828,805$1,159,451$400,635$7,446,453
89$9,659,239$1,146,161$343,952$8,120,577
90$10,572,169$1,130,010$283,162$8,861,890
91$11,575,941$1,110,791$218,058$9,677,237
92$12,679,747$1,088,280$148,424$10,574,160
93$13,893,718$1,062,243$74,033$11,560,973
94$15,229,014$1,032,429$0$12,646,837
95$16,697,932$998,577$0$13,842,994
96$18,314,019$960,405$0$15,176,367
97$20,092,204$917,620$0$16,643,460
98$22,048,933$869,908$0$18,257,851
99$24,202,329$816,938$0$20,034,502
100$26,572,361$758,362$0$21,989,896