Can I retire at age 61 with 913,000?

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 $913,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$75,395$74,723$74,068$73,428$72,804$70,473
2 years$37,324$36,629$35,955$35,302$34,669$32,342
3 years$24,636$23,937$23,265$22,618$21,995$19,746
4 years$18,293$17,597$16,931$16,295$15,687$13,532
5 years$14,488$13,796$13,139$12,516$11,925$9,870
6 years$11,952$11,265$10,619$10,009$9,436$7,483
7 years$10,141$9,461$8,824$8,229$7,674$5,822
8 years$8,784$8,110$7,484$6,903$6,366$4,615
9 years$7,729$7,061$6,446$5,880$5,361$3,708
10 years$6,886$6,224$5,619$5,069$4,568$3,011
11 years$6,196$5,541$4,947$4,411$3,929$2,464
12 years$5,621$4,973$4,391$3,869$3,405$2,030
13 years$5,136$4,494$3,923$3,416$2,969$1,681
14 years$4,720$4,085$3,525$3,032$2,602$1,397
15 years$4,360$3,732$3,182$2,704$2,291$1,166
16 years$4,045$3,424$2,885$2,421$2,025$975
17 years$3,767$3,153$2,625$2,176$1,796$817
18 years$3,521$2,914$2,397$1,961$1,597$687
19 years$3,301$2,700$2,194$1,772$1,423$578
20 years$3,103$2,509$2,014$1,605$1,271$486
21 years$2,924$2,337$1,852$1,456$1,138$410
22 years$2,762$2,182$1,707$1,324$1,020$346
23 years$2,614$2,041$1,576$1,206$915$292
24 years$2,478$1,912$1,458$1,100$823$247
25 years$2,354$1,794$1,350$1,004$740$209
26 years$2,239$1,686$1,252$918$667$177
27 years$2,133$1,587$1,163$841$601$150
28 years$2,035$1,495$1,081$770$542$127
29 years$1,944$1,411$1,006$706$490$107
30 years$1,858$1,332$937$648$443$91
31 years$1,779$1,259$873$595$400$77
32 years$1,705$1,192$815$547$362$65
33 years$1,635$1,129$761$503$328$55
34 years$1,570$1,070$711$463$297$47
35 years$1,508$1,015$665$426$269$40
36 years$1,450$963$622$392$243$34
37 years$1,395$915$582$362$221$29
38 years$1,344$869$545$333$200$24
39 years$1,295$826$511$307$181$21
40 years$1,248$786$479$283$164$17
41 years$1,204$749$449$262$149$15
42 years$1,162$713$421$241$135$13
43 years$1,123$679$395$223$123$11
44 years$1,085$647$371$206$112$9
45 years$1,049$617$348$190$101$8
46 years$1,014$589$327$175$92$6
47 years$981$562$307$162$83$5
48 years$950$537$289$150$76$5
49 years$920$512$271$138$69$4
50 years$891$489$255$128$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $913,000, adding $3,910 every year, while hoping to spend $36,566 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: 47/36/17 Blend
60$913,000$913,000$913,000$913,000
61$1,010,159$961,770$947,619$1,052,609
62$1,074,289$969,991$940,458$1,090,732
63$1,143,736$977,389$931,832$1,128,066
64$1,219,001$983,885$921,653$1,167,804
65$1,300,639$989,396$909,828$1,210,185
66$1,389,260$993,832$896,263$1,255,472
67$1,485,533$997,098$880,856$1,303,961
68$1,590,194$999,093$863,501$1,355,975
69$1,704,054$999,709$844,089$1,411,875
70$1,828,006$998,832$822,504$1,472,060
71$1,963,030$996,343$798,625$1,536,971
72$2,110,206$992,111$772,327$1,607,096
73$2,270,723$986,000$743,476$1,682,977
74$2,445,889$977,866$711,934$1,765,212
75$2,637,144$967,556$677,558$1,854,464
76$2,846,072$954,906$640,196$1,951,465
77$3,074,420$939,745$599,691$2,057,028
78$3,324,107$921,889$555,877$2,172,050
79$3,597,250$901,145$508,583$2,297,522
80$3,896,177$877,308$457,628$2,434,542
81$4,223,452$850,162$402,824$2,584,323
82$4,581,901$819,476$343,975$2,748,208
83$4,974,632$785,008$280,876$2,927,679
84$5,405,071$746,501$213,312$3,124,375
85$5,876,991$703,681$141,060$3,340,110
86$6,394,545$656,263$63,887$3,576,884
87$6,962,310$603,941$0$3,836,911
88$7,585,326$546,395$0$4,125,985
89$8,269,145$483,283$0$4,456,042
90$9,019,882$414,248$0$4,818,513
91$9,844,273$338,910$0$5,216,742
92$10,749,740$256,867$0$5,654,423
93$11,744,457$167,698$0$6,135,628
94$12,837,430$70,953$0$6,664,853
95$14,038,580$0$0$7,247,058
96$15,358,836$0$0$7,901,120
97$16,810,241$0$0$8,651,165
98$18,406,060$0$0$9,475,954
99$20,160,910$0$0$10,383,057
100$22,090,894$0$0$11,380,811