Can I retire at age 61 with 915,000?

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 $915,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$75,560$74,887$74,230$73,589$72,963$71,903
2 years$37,406$36,709$36,034$35,379$34,744$33,678
3 years$24,690$23,990$23,316$22,668$22,043$21,004
4 years$18,333$17,635$16,968$16,331$15,721$14,718
5 years$14,519$13,826$13,168$12,544$11,951$10,986
6 years$11,978$11,290$10,642$10,031$9,457$8,531
7 years$10,164$9,481$8,843$8,247$7,691$6,805
8 years$8,803$8,127$7,500$6,918$6,380$5,534
9 years$7,746$7,076$6,460$5,893$5,373$4,566
10 years$6,901$6,237$5,632$5,080$4,578$3,810
11 years$6,209$5,553$4,958$4,421$3,937$3,207
12 years$5,634$4,984$4,400$3,878$3,412$2,719
13 years$5,147$4,504$3,931$3,424$2,975$2,318
14 years$4,730$4,094$3,532$3,039$2,608$1,986
15 years$4,369$3,740$3,189$2,710$2,296$1,708
16 years$4,054$3,431$2,891$2,427$2,030$1,474
17 years$3,776$3,160$2,631$2,180$1,800$1,276
18 years$3,529$2,920$2,402$1,965$1,600$1,107
19 years$3,308$2,706$2,199$1,776$1,426$962
20 years$3,110$2,515$2,018$1,608$1,274$838
21 years$2,931$2,342$1,856$1,459$1,140$731
22 years$2,768$2,187$1,711$1,327$1,022$638
23 years$2,620$2,045$1,580$1,208$917$558
24 years$2,484$1,916$1,461$1,102$824$488
25 years$2,359$1,798$1,353$1,007$742$427
26 years$2,244$1,690$1,255$920$668$375
27 years$2,138$1,590$1,165$842$603$329
28 years$2,039$1,499$1,083$772$544$288
29 years$1,948$1,414$1,008$708$491$253
30 years$1,863$1,335$939$650$444$222
31 years$1,783$1,262$875$597$401$195
32 years$1,708$1,194$817$548$363$172
33 years$1,639$1,131$763$504$328$151
34 years$1,573$1,072$712$464$297$133
35 years$1,511$1,017$666$427$269$117
36 years$1,453$965$623$393$244$103
37 years$1,398$917$583$362$221$90
38 years$1,347$871$546$334$200$80
39 years$1,297$828$512$308$182$70
40 years$1,251$788$480$284$165$62
41 years$1,207$750$450$262$150$54
42 years$1,165$714$422$242$136$48
43 years$1,125$681$396$223$123$42
44 years$1,087$649$372$206$112$37
45 years$1,051$619$349$190$101$33
46 years$1,017$590$328$176$92$29
47 years$984$563$308$162$84$25
48 years$952$538$289$150$76$22
49 years$922$514$272$139$69$20
50 years$893$491$256$128$63$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $915,000, adding $4,762 every year, while hoping to spend $26,252 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: 55/25/20 Blend
60$915,000$915,000$915,000$915,000
61$1,013,242$964,747$950,565$1,063,244
62$1,088,661$984,088$954,476$1,117,301
63$1,170,892$1,003,496$957,640$1,172,951
64$1,260,604$1,022,948$960,001$1,232,983
65$1,358,530$1,042,417$961,506$1,297,823
66$1,465,479$1,061,874$962,095$1,367,942
67$1,582,341$1,081,289$961,708$1,443,858
68$1,710,095$1,100,628$960,281$1,526,143
69$1,849,820$1,119,854$957,745$1,615,428
70$2,002,704$1,138,929$954,032$1,712,408
71$2,170,054$1,157,811$949,067$1,817,849
72$2,353,312$1,176,455$942,772$1,932,597
73$2,554,061$1,194,814$935,067$2,057,583
74$2,774,050$1,212,834$925,866$2,193,835
75$3,015,200$1,230,460$915,080$2,342,485
76$3,279,632$1,247,634$902,616$2,504,783
77$3,569,677$1,264,290$888,376$2,682,106
78$3,887,905$1,280,362$872,259$2,875,973
79$4,237,148$1,295,776$854,156$3,088,058
80$4,620,523$1,310,455$833,956$3,320,208
81$5,041,464$1,324,315$811,541$3,574,457
82$5,503,755$1,337,269$786,790$3,853,052
83$6,011,564$1,349,221$759,573$4,158,467
84$6,569,482$1,360,071$729,757$4,493,430
85$7,182,567$1,369,712$697,202$4,860,950
86$7,856,391$1,378,030$661,760$5,264,345
87$8,597,093$1,384,903$623,279$5,707,272
88$9,411,435$1,390,203$581,598$6,193,763
89$10,306,871$1,393,791$536,550$6,728,264
90$11,291,607$1,395,523$487,961$7,315,676
91$12,374,690$1,395,243$435,647$7,961,404
92$13,566,085$1,392,786$379,417$8,671,403
93$14,876,772$1,387,978$319,073$9,452,244
94$16,318,847$1,380,634$254,406$10,311,165
95$17,905,639$1,370,555$185,200$11,256,150
96$19,651,837$1,357,535$111,226$12,295,999
97$21,573,621$1,341,350$32,248$13,440,413
98$23,688,821$1,321,768$0$14,700,086
99$26,017,085$1,298,538$0$16,097,912
100$28,580,060$1,271,399$0$17,643,849