Can I retire at age 61 with 906,000?

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 $906,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$74,817$74,150$73,500$72,865$72,246$71,402
2 years$37,038$36,348$35,680$35,031$34,403$33,554
3 years$24,447$23,754$23,087$22,445$21,826$20,998
4 years$18,152$17,462$16,801$16,170$15,567$14,766
5 years$14,377$13,690$13,039$12,420$11,834$11,062
6 years$11,860$11,179$10,537$9,933$9,364$8,623
7 years$10,064$9,388$8,756$8,166$7,615$6,905
8 years$8,717$8,047$7,426$6,850$6,317$5,638
9 years$7,670$7,007$6,396$5,835$5,320$4,671
10 years$6,833$6,176$5,576$5,030$4,533$3,914
11 years$6,148$5,498$4,909$4,377$3,899$3,309
12 years$5,578$4,935$4,357$3,840$3,378$2,818
13 years$5,096$4,460$3,893$3,390$2,946$2,414
14 years$4,684$4,054$3,497$3,009$2,583$2,078
15 years$4,326$3,703$3,158$2,684$2,274$1,795
16 years$4,014$3,398$2,863$2,403$2,010$1,557
17 years$3,739$3,129$2,605$2,159$1,782$1,354
18 years$3,494$2,891$2,378$1,946$1,584$1,181
19 years$3,276$2,680$2,177$1,758$1,412$1,032
20 years$3,079$2,490$1,998$1,592$1,261$903
21 years$2,902$2,319$1,838$1,445$1,129$792
22 years$2,741$2,165$1,694$1,314$1,012$695
23 years$2,594$2,025$1,564$1,197$908$611
24 years$2,459$1,897$1,446$1,091$816$537
25 years$2,336$1,780$1,340$997$735$473
26 years$2,222$1,673$1,242$911$662$417
27 years$2,117$1,575$1,154$834$597$368
28 years$2,019$1,484$1,073$764$538$325
29 years$1,929$1,400$998$701$486$287
30 years$1,844$1,322$930$643$439$253
31 years$1,765$1,250$867$591$397$224
32 years$1,692$1,183$809$543$359$198
33 years$1,623$1,120$755$499$325$175
34 years$1,558$1,061$705$459$294$155
35 years$1,496$1,007$660$423$267$137
36 years$1,439$956$617$389$242$121
37 years$1,385$908$578$359$219$107
38 years$1,333$863$541$331$198$95
39 years$1,285$820$507$305$180$84
40 years$1,239$780$475$281$163$74
41 years$1,195$743$445$260$148$66
42 years$1,153$707$418$239$134$58
43 years$1,114$674$392$221$122$52
44 years$1,076$642$368$204$111$46
45 years$1,041$613$345$189$100$41
46 years$1,007$584$324$174$91$36
47 years$974$558$305$161$83$32
48 years$943$532$286$149$75$28
49 years$913$508$269$137$68$25
50 years$885$486$253$127$62$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $906,000, adding $3,142 every year, while hoping to spend $24,859 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: 36/50/14 Blend
60$906,000$906,000$906,000$906,000
61$1,001,653$953,635$939,592$1,033,293
62$1,077,372$973,913$944,619$1,076,653
63$1,159,981$994,352$948,980$1,120,831
64$1,250,156$1,014,933$952,629$1,167,985
65$1,348,644$1,035,636$955,513$1,218,391
66$1,456,262$1,056,439$957,579$1,272,356
67$1,573,914$1,077,318$958,772$1,330,217
68$1,702,594$1,098,247$959,031$1,392,346
69$1,843,396$1,119,198$958,296$1,459,153
70$1,997,524$1,140,141$956,501$1,531,092
71$2,166,305$1,161,042$953,577$1,608,661
72$2,351,201$1,181,865$949,455$1,692,411
73$2,553,820$1,202,573$944,058$1,782,949
74$2,775,934$1,223,124$937,309$1,880,946
75$3,019,496$1,243,473$929,124$1,987,140
76$3,286,653$1,263,572$919,419$2,102,346
77$3,579,774$1,283,369$908,102$2,227,465
78$3,901,467$1,302,811$895,080$2,363,487
79$4,254,604$1,321,836$880,252$2,511,507
80$4,642,350$1,340,382$863,517$2,672,732
81$5,068,189$1,358,380$844,764$2,848,494
82$5,535,963$1,375,759$823,882$3,040,262
83$6,049,900$1,392,440$800,751$3,249,655
84$6,614,660$1,408,340$775,246$3,478,462
85$7,235,378$1,423,371$747,239$3,728,653
86$7,917,708$1,437,438$716,594$4,002,403
87$8,667,883$1,450,441$683,168$4,302,111
88$9,492,766$1,462,271$646,813$4,630,423
89$10,399,921$1,472,815$607,374$4,990,257
90$11,397,681$1,481,951$564,689$5,384,831
91$12,495,227$1,489,550$518,589$5,817,695
92$13,702,674$1,495,472$468,896$6,292,765
93$15,031,169$1,499,572$415,426$6,814,358
94$16,492,991$1,501,694$357,986$7,387,238
95$18,101,671$1,501,672$296,374$8,016,656
96$19,872,118$1,499,331$230,379$8,708,403
97$21,820,759$1,494,483$159,781$9,468,868
98$23,965,694$1,486,930$84,352$10,305,095
99$26,326,869$1,476,463$3,851$11,224,850
100$28,926,258$1,462,859$0$12,236,699