Can I retire at age 61 with 911,000?

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 $911,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$75,230$74,559$73,906$73,268$72,644$71,441
2 years$37,242$36,549$35,877$35,225$34,593$33,384
3 years$24,582$23,885$23,214$22,569$21,947$20,770
4 years$18,252$17,558$16,894$16,260$15,653$14,517
5 years$14,456$13,766$13,111$12,489$11,899$10,808
6 years$11,926$11,241$10,595$9,987$9,415$8,370
7 years$10,119$9,440$8,805$8,211$7,657$6,658
8 years$8,765$8,092$7,467$6,888$6,352$5,399
9 years$7,712$7,045$6,431$5,867$5,350$4,441
10 years$6,870$6,210$5,607$5,058$4,558$3,694
11 years$6,182$5,529$4,936$4,402$3,920$3,100
12 years$5,609$4,962$4,381$3,861$3,397$2,620
13 years$5,125$4,484$3,914$3,409$2,962$2,226
14 years$4,710$4,076$3,517$3,026$2,597$1,901
15 years$4,350$3,724$3,175$2,698$2,286$1,629
16 years$4,036$3,416$2,879$2,416$2,021$1,401
17 years$3,759$3,146$2,620$2,171$1,792$1,208
18 years$3,513$2,907$2,391$1,956$1,593$1,045
19 years$3,294$2,694$2,189$1,768$1,420$905
20 years$3,096$2,504$2,009$1,601$1,268$785
21 years$2,918$2,332$1,848$1,453$1,135$682
22 years$2,756$2,177$1,703$1,321$1,017$593
23 years$2,608$2,036$1,573$1,203$913$517
24 years$2,473$1,908$1,454$1,097$821$450
25 years$2,349$1,790$1,347$1,002$739$393
26 years$2,234$1,683$1,249$916$665$343
27 years$2,128$1,584$1,160$839$600$300
28 years$2,030$1,492$1,078$768$541$262
29 years$1,939$1,408$1,004$705$489$229
30 years$1,854$1,329$935$647$442$200
31 years$1,775$1,257$872$594$399$175
32 years$1,701$1,189$813$546$361$153
33 years$1,631$1,126$759$502$327$134
34 years$1,566$1,067$709$462$296$118
35 years$1,505$1,012$663$425$268$103
36 years$1,447$961$620$392$243$90
37 years$1,392$913$581$361$220$79
38 years$1,341$867$544$333$200$69
39 years$1,292$825$509$307$181$61
40 years$1,245$785$478$283$164$53
41 years$1,202$747$448$261$149$47
42 years$1,160$711$420$241$135$41
43 years$1,120$678$394$222$123$36
44 years$1,082$646$370$205$111$31
45 years$1,046$616$347$190$101$28
46 years$1,012$588$326$175$92$24
47 years$979$561$307$162$83$21
48 years$948$535$288$149$76$19
49 years$918$511$271$138$69$16
50 years$889$488$255$128$62$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $911,000, adding $4,256 every year, while hoping to spend $48,451 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: 49/40/11 Blend
60$911,000$911,000$911,000$911,000
61$1,008,312$960,029$945,909$1,054,511
62$1,059,608$955,519$926,045$1,082,157
63$1,114,513$949,164$903,892$1,106,739
64$1,173,343$940,823$879,322$1,132,335
65$1,236,446$930,345$852,201$1,159,056
66$1,304,203$917,571$822,390$1,187,026
67$1,377,033$902,334$789,741$1,216,382
68$1,455,395$884,453$754,102$1,247,280
69$1,539,795$863,740$715,314$1,279,897
70$1,630,785$839,995$673,208$1,314,427
71$1,728,975$813,005$627,611$1,351,092
72$1,835,034$782,546$578,339$1,390,137
73$1,949,697$748,380$525,203$1,431,838
74$2,073,771$710,255$468,002$1,476,503
75$2,208,145$667,907$406,529$1,524,477
76$2,353,795$621,053$340,567$1,576,144
77$2,511,794$569,397$269,888$1,631,934
78$2,683,323$512,623$194,255$1,692,325
79$2,869,681$450,401$113,422$1,757,852
80$3,072,296$382,378$27,129$1,829,109
81$3,292,740$308,185$0$1,906,759
82$3,532,742$227,428$0$1,999,164
83$3,794,205$139,695$0$2,103,414
84$4,079,222$44,549$0$2,217,269
85$4,390,099$0$0$2,341,778
86$4,729,370$0$0$2,503,845
87$5,099,830$0$0$2,702,313
88$5,504,550$0$0$2,919,232
89$5,946,914$0$0$3,156,426
90$6,430,648$0$0$3,415,907
91$6,959,853$0$0$3,699,887
92$7,539,045$0$0$4,010,803
93$8,173,197$0$0$4,351,339
94$8,867,786$0$0$4,724,449
95$9,628,842$0$0$5,133,388
96$10,463,007$0$0$5,581,742
97$11,377,595$0$0$6,073,457
98$12,380,663$0$0$6,612,882
99$13,481,084$0$0$7,204,806
100$14,688,632$0$0$7,854,504