Can I retire at age 61 with 907,000?

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 $907,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$74,899$74,232$73,581$72,946$72,325$71,840
2 years$37,079$36,388$35,719$35,070$34,441$33,951
3 years$24,474$23,780$23,113$22,470$21,851$21,372
4 years$18,172$17,481$16,820$16,188$15,584$15,120
5 years$14,393$13,705$13,053$12,434$11,847$11,398
6 years$11,873$11,191$10,549$9,944$9,374$8,942
7 years$10,075$9,398$8,766$8,175$7,624$7,209
8 years$8,726$8,056$7,434$6,858$6,324$5,927
9 years$7,678$7,014$6,403$5,841$5,326$4,945
10 years$6,840$6,183$5,582$5,035$4,538$4,174
11 years$6,155$5,504$4,915$4,382$3,903$3,555
12 years$5,584$4,940$4,362$3,844$3,382$3,050
13 years$5,102$4,465$3,897$3,394$2,949$2,633
14 years$4,689$4,058$3,501$3,012$2,585$2,284
15 years$4,331$3,707$3,161$2,687$2,276$1,990
16 years$4,018$3,401$2,866$2,406$2,012$1,740
17 years$3,743$3,132$2,608$2,161$1,784$1,526
18 years$3,498$2,895$2,381$1,948$1,586$1,342
19 years$3,279$2,683$2,180$1,760$1,414$1,183
20 years$3,083$2,493$2,000$1,594$1,263$1,044
21 years$2,905$2,322$1,840$1,447$1,130$924
22 years$2,744$2,167$1,696$1,315$1,013$818
23 years$2,597$2,027$1,566$1,198$909$726
24 years$2,462$1,899$1,448$1,093$817$645
25 years$2,338$1,782$1,341$998$735$573
26 years$2,224$1,675$1,244$912$662$510
27 years$2,119$1,577$1,155$835$597$454
28 years$2,022$1,486$1,074$765$539$404
29 years$1,931$1,401$999$702$487$361
30 years$1,846$1,324$931$644$440$322
31 years$1,767$1,251$868$591$398$287
32 years$1,694$1,184$810$544$360$256
33 years$1,624$1,121$756$500$325$229
34 years$1,559$1,063$706$460$295$205
35 years$1,498$1,008$660$423$267$183
36 years$1,441$957$618$390$242$163
37 years$1,386$909$578$359$219$146
38 years$1,335$863$541$331$199$131
39 years$1,286$821$507$305$180$117
40 years$1,240$781$475$282$163$105
41 years$1,196$744$446$260$148$94
42 years$1,155$708$418$240$135$84
43 years$1,115$675$392$221$122$75
44 years$1,078$643$368$204$111$67
45 years$1,042$613$346$189$101$60
46 years$1,008$585$325$174$91$54
47 years$975$558$305$161$83$48
48 years$944$533$287$149$75$43
49 years$914$509$270$138$68$39
50 years$886$486$253$127$62$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $907,000, adding $3,585 every year, while hoping to spend $36,677 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: 60/32/8 Blend
60$907,000$907,000$907,000$907,000
61$1,003,212$955,141$941,082$1,061,460
62$1,066,516$962,919$933,585$1,108,706
63$1,135,047$969,849$924,606$1,155,701
64$1,209,300$975,850$914,059$1,206,040
65$1,289,820$980,837$901,851$1,260,049
66$1,377,203$984,720$887,885$1,318,083
67$1,472,108$987,401$872,059$1,380,536
68$1,575,257$988,779$854,268$1,447,844
69$1,687,448$988,743$834,400$1,520,487
70$1,809,554$987,178$812,339$1,598,996
71$1,942,540$983,961$787,963$1,683,956
72$2,087,465$978,961$761,146$1,776,014
73$2,245,496$972,040$731,754$1,875,885
74$2,417,918$963,051$699,649$1,984,356
75$2,606,142$951,838$664,685$2,102,297
76$2,811,727$938,235$626,709$2,230,670
77$3,036,383$922,069$585,564$2,370,535
78$3,281,997$903,153$541,083$2,523,063
79$3,550,644$881,291$493,093$2,689,547
80$3,844,611$856,275$441,413$2,871,413
81$4,166,413$827,885$385,853$3,070,236
82$4,518,824$795,888$326,216$3,287,755
83$4,904,895$760,038$262,295$3,525,888
84$5,327,988$720,073$193,875$3,786,752
85$5,791,804$675,718$120,731$4,072,684
86$6,300,421$626,681$42,628$4,386,262
87$6,858,328$572,653$0$4,730,333
88$7,470,474$513,309$0$5,111,512
89$8,142,305$448,303$0$5,533,897
90$8,879,822$377,273$0$5,997,691
91$9,689,637$299,832$0$6,507,137
92$10,579,032$215,576$0$7,066,912
93$11,556,028$124,074$0$7,682,176
94$12,629,462$24,873$0$8,358,621
95$13,809,070$0$0$9,102,523
96$15,105,578$0$0$9,949,857
97$16,530,801$0$0$10,891,018
98$18,097,757$0$0$11,925,857
99$19,820,788$0$0$13,063,853
100$21,715,695$0$0$14,315,454