Can I retire at age 61 with 910,000?

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 $910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$75,147$74,478$73,825$73,187$72,565$70,782
2 years$37,201$36,509$35,837$35,186$34,555$32,769
3 years$24,555$23,859$23,189$22,544$21,923$20,191
4 years$18,232$17,539$16,876$16,242$15,636$13,971
5 years$14,440$13,751$13,096$12,475$11,886$10,292
6 years$11,913$11,228$10,584$9,977$9,405$7,884
7 years$10,108$9,430$8,795$8,202$7,649$6,201
8 years$8,755$8,083$7,459$6,881$6,345$4,971
9 years$7,704$7,038$6,424$5,861$5,344$4,040
10 years$6,863$6,203$5,601$5,052$4,553$3,320
11 years$6,175$5,522$4,931$4,397$3,916$2,751
12 years$5,603$4,957$4,376$3,857$3,393$2,294
13 years$5,119$4,479$3,910$3,405$2,959$1,924
14 years$4,704$4,072$3,513$3,022$2,594$1,621
15 years$4,345$3,719$3,172$2,695$2,284$1,370
16 years$4,032$3,413$2,876$2,413$2,019$1,162
17 years$3,755$3,143$2,617$2,168$1,790$988
18 years$3,510$2,904$2,389$1,954$1,591$841
19 years$3,290$2,692$2,187$1,766$1,418$718
20 years$3,093$2,501$2,007$1,599$1,267$613
21 years$2,915$2,330$1,846$1,451$1,134$525
22 years$2,753$2,175$1,701$1,320$1,016$450
23 years$2,605$2,034$1,571$1,202$912$386
24 years$2,470$1,906$1,453$1,096$820$331
25 years$2,346$1,788$1,346$1,001$738$284
26 years$2,232$1,681$1,248$915$665$244
27 years$2,126$1,582$1,159$838$599$210
28 years$2,028$1,491$1,077$768$541$180
29 years$1,937$1,406$1,003$704$488$155
30 years$1,852$1,328$934$646$441$133
31 years$1,773$1,255$871$593$399$115
32 years$1,699$1,188$812$545$361$99
33 years$1,630$1,125$758$501$326$85
34 years$1,564$1,066$709$461$296$73
35 years$1,503$1,011$662$425$268$63
36 years$1,445$960$620$391$243$54
37 years$1,391$912$580$360$220$47
38 years$1,339$866$543$332$199$40
39 years$1,290$824$509$306$181$35
40 years$1,244$784$477$283$164$30
41 years$1,200$746$447$261$149$26
42 years$1,159$711$420$241$135$22
43 years$1,119$677$394$222$122$19
44 years$1,081$645$370$205$111$17
45 years$1,045$615$347$189$101$14
46 years$1,011$587$326$175$92$12
47 years$978$560$306$162$83$11
48 years$947$535$288$149$76$9
49 years$917$511$270$138$69$8
50 years$888$488$254$128$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $910,000, adding $4,671 every year, while hoping to spend $46,037 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: 66/22/12 Blend
60$910,000$910,000$910,000$910,000
61$1,007,638$959,408$945,303$1,071,128
62$1,061,434$957,436$927,988$1,112,071
63$1,119,175$953,825$908,549$1,150,949
64$1,181,213$948,444$886,868$1,192,271
65$1,247,937$941,159$862,819$1,236,272
66$1,319,774$931,823$836,271$1,283,212
67$1,397,192$920,283$807,087$1,333,380
68$1,480,704$906,376$775,123$1,387,095
69$1,570,876$889,928$740,230$1,444,708
70$1,668,329$870,758$702,250$1,506,611
71$1,773,744$848,671$661,022$1,573,233
72$1,887,872$823,462$616,372$1,645,053
73$2,011,537$794,913$568,122$1,722,597
74$2,145,645$762,796$516,086$1,806,450
75$2,291,194$726,865$460,068$1,897,255
76$2,449,279$686,866$399,864$1,995,725
77$2,621,108$642,524$335,261$2,102,650
78$2,808,006$593,553$266,037$2,218,900
79$3,011,433$539,647$191,960$2,345,437
80$3,232,996$480,487$112,787$2,483,327
81$3,474,461$415,730$28,266$2,633,744
82$3,737,775$345,020$0$2,797,989
83$4,025,077$267,975$0$2,985,426
84$4,338,725$184,196$0$3,194,090
85$4,681,312$93,259$0$3,422,146
86$5,055,695$0$0$3,671,568
87$5,465,016$0$0$3,945,813
88$5,912,738$0$0$4,270,537
89$6,402,671$0$0$4,625,933
90$6,939,013$0$0$5,015,053
91$7,526,385$0$0$5,441,258
92$8,169,876$0$0$5,908,248
93$8,875,091$0$0$6,420,098
94$9,648,202$0$0$6,981,296
95$10,496,008$0$0$7,596,788
96$11,425,997$0$0$8,272,016
97$12,446,415$0$0$9,012,979
98$13,566,347$0$0$9,826,282
99$14,795,799$0$0$10,719,202
100$16,145,795$0$0$11,699,756