Can I retire at age 61 with 909,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $909,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$75,064$74,396$73,743$73,107$72,485$70,475
2 years$37,161$36,468$35,798$35,147$34,517$32,507
3 years$24,528$23,833$23,164$22,519$21,899$19,952
4 years$18,212$17,519$16,857$16,224$15,618$13,750
5 years$14,424$13,735$13,082$12,462$11,873$10,087
6 years$11,900$11,216$10,572$9,966$9,395$7,693
7 years$10,097$9,419$8,785$8,193$7,640$6,024
8 years$8,746$8,074$7,451$6,873$6,338$4,806
9 years$7,695$7,030$6,417$5,854$5,338$3,888
10 years$6,855$6,196$5,595$5,047$4,548$3,178
11 years$6,169$5,516$4,926$4,392$3,912$2,620
12 years$5,597$4,951$4,371$3,852$3,390$2,174
13 years$5,113$4,474$3,905$3,401$2,956$1,813
14 years$4,699$4,067$3,509$3,019$2,591$1,519
15 years$4,341$3,715$3,168$2,692$2,281$1,277
16 years$4,027$3,409$2,872$2,411$2,016$1,077
17 years$3,751$3,139$2,614$2,166$1,788$910
18 years$3,506$2,901$2,386$1,952$1,590$770
19 years$3,286$2,689$2,184$1,764$1,417$654
20 years$3,089$2,498$2,005$1,598$1,266$555
21 years$2,911$2,327$1,844$1,450$1,133$472
22 years$2,750$2,172$1,699$1,318$1,015$402
23 years$2,602$2,032$1,569$1,201$911$342
24 years$2,467$1,904$1,451$1,095$819$292
25 years$2,344$1,786$1,344$1,000$737$249
26 years$2,229$1,679$1,247$914$664$213
27 years$2,124$1,580$1,158$837$599$182
28 years$2,026$1,489$1,076$767$540$155
29 years$1,935$1,405$1,001$703$488$133
30 years$1,850$1,326$933$645$441$113
31 years$1,771$1,254$870$593$398$97
32 years$1,697$1,187$811$545$360$83
33 years$1,628$1,124$758$501$326$71
34 years$1,563$1,065$708$461$295$61
35 years$1,501$1,010$662$424$267$52
36 years$1,444$959$619$391$242$44
37 years$1,389$911$579$360$220$38
38 years$1,338$865$543$332$199$32
39 years$1,289$823$508$306$181$28
40 years$1,243$783$476$282$164$24
41 years$1,199$745$447$260$149$20
42 years$1,157$710$419$240$135$17
43 years$1,118$676$393$222$122$15
44 years$1,080$645$369$205$111$13
45 years$1,044$615$347$189$101$11
46 years$1,010$586$326$175$92$9
47 years$977$560$306$161$83$8
48 years$946$534$287$149$75$7
49 years$916$510$270$138$69$6
50 years$888$487$254$127$62$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $909,000, adding $6,942 every year, while hoping to spend $35,993 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: 81/12/7 Blend
60$909,000$909,000$909,000$909,000
61$1,008,879$960,702$946,612$1,089,311
62$1,073,488$969,480$940,027$1,151,740
63$1,143,481$977,482$932,016$1,214,755
64$1,219,369$984,631$922,491$1,282,818
65$1,301,715$990,848$911,364$1,356,415
66$1,391,135$996,045$898,541$1,436,081
67$1,488,311$1,000,131$883,922$1,522,402
68$1,593,990$1,003,009$867,404$1,616,029
69$1,708,995$1,004,574$848,880$1,717,673
70$1,834,232$1,004,718$828,237$1,828,123
71$1,970,696$1,003,322$805,356$1,948,244
72$2,119,486$1,000,264$780,115$2,078,990
73$2,281,807$995,410$752,382$2,221,414
74$2,458,988$988,622$722,024$2,376,672
75$2,652,492$979,751$688,898$2,546,043
76$2,863,927$968,640$652,857$2,730,933
77$3,095,067$955,122$613,747$2,932,890
78$3,347,861$939,021$571,405$3,153,625
79$3,624,460$920,150$525,664$3,395,017
80$3,927,227$898,310$476,347$3,659,142
81$4,258,769$873,292$423,269$3,948,286
82$4,621,954$844,873$366,238$4,264,966
83$5,019,940$812,819$305,054$4,611,958
84$5,456,207$776,880$239,506$4,992,323
85$5,934,586$736,794$169,376$5,409,431
86$6,459,299$692,281$94,435$5,866,999
87$7,034,992$643,048$14,444$6,369,121
88$7,666,787$588,783$0$6,920,311
89$8,360,324$529,158$0$7,530,839
90$9,121,814$463,823$0$8,202,388
91$9,958,101$392,413$0$8,939,938
92$10,876,724$314,538$0$9,750,172
93$11,885,988$229,788$0$10,640,449
94$12,995,041$137,731$0$11,618,883
95$14,213,964$37,908$0$12,694,412
96$15,553,860$0$0$13,876,888
97$17,026,962$0$0$15,186,431
98$18,646,750$0$0$16,631,902
99$20,428,071$0$0$18,221,549
100$22,387,286$0$0$19,969,976