Can I retire at age 61 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$75,890$75,214$74,555$73,911$73,282$70,823
2 years$37,569$36,870$36,192$35,534$34,896$32,443
3 years$24,797$24,095$23,418$22,767$22,140$19,769
4 years$18,413$17,712$17,043$16,402$15,790$13,521
5 years$14,583$13,887$13,226$12,599$12,003$9,841
6 years$12,031$11,339$10,688$10,075$9,498$7,444
7 years$10,208$9,523$8,882$8,283$7,724$5,779
8 years$8,842$8,163$7,533$6,949$6,408$4,570
9 years$7,780$7,107$6,488$5,919$5,397$3,663
10 years$6,931$6,265$5,656$5,102$4,598$2,967
11 years$6,236$5,577$4,980$4,440$3,955$2,422
12 years$5,658$5,006$4,419$3,895$3,427$1,990
13 years$5,170$4,524$3,948$3,438$2,988$1,643
14 years$4,751$4,112$3,548$3,052$2,620$1,362
15 years$4,388$3,756$3,203$2,722$2,306$1,133
16 years$4,072$3,446$2,904$2,437$2,038$945
17 years$3,792$3,174$2,643$2,190$1,807$790
18 years$3,544$2,933$2,412$1,974$1,607$661
19 years$3,323$2,718$2,208$1,783$1,432$555
20 years$3,123$2,526$2,027$1,615$1,279$466
21 years$2,943$2,353$1,864$1,466$1,145$392
22 years$2,780$2,196$1,718$1,333$1,026$330
23 years$2,631$2,054$1,586$1,214$921$277
24 years$2,495$1,924$1,467$1,107$828$234
25 years$2,369$1,806$1,359$1,011$745$197
26 years$2,254$1,697$1,260$924$671$166
27 years$2,147$1,597$1,170$846$605$140
28 years$2,048$1,505$1,088$775$546$118
29 years$1,956$1,420$1,012$711$493$100
30 years$1,871$1,341$943$652$446$84
31 years$1,791$1,268$879$599$403$71
32 years$1,716$1,200$820$551$364$60
33 years$1,646$1,136$766$506$330$51
34 years$1,580$1,077$716$466$299$43
35 years$1,518$1,021$669$429$270$36
36 years$1,460$969$626$395$245$31
37 years$1,404$921$586$364$222$26
38 years$1,352$875$549$335$201$22
39 years$1,303$832$514$309$183$18
40 years$1,256$792$482$285$166$16
41 years$1,212$753$452$263$150$13
42 years$1,170$718$424$243$136$11
43 years$1,130$684$398$224$124$9
44 years$1,092$652$373$207$112$8
45 years$1,056$621$350$191$102$7
46 years$1,021$593$329$177$93$6
47 years$988$566$309$163$84$5
48 years$956$540$291$151$76$4
49 years$926$516$273$139$69$3
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $919,000, adding $3,625 every year, while hoping to spend $48,378 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: 31/46/23 Blend
60$919,000$919,000$919,000$919,000
61$1,016,477$967,770$953,526$1,040,663
62$1,068,684$963,717$933,995$1,055,316
63$1,124,595$957,844$912,189$1,066,499
64$1,184,535$950,011$887,979$1,077,544
65$1,248,865$940,068$861,234$1,088,472
66$1,317,977$927,859$831,812$1,099,307
67$1,392,303$913,216$799,570$1,110,082
68$1,472,316$895,962$764,354$1,120,837
69$1,558,538$875,910$726,006$1,131,621
70$1,651,540$852,861$684,358$1,142,495
71$1,751,950$826,604$639,237$1,153,530
72$1,860,458$796,917$590,461$1,164,812
73$1,977,823$763,564$537,839$1,176,440
74$2,104,879$726,296$481,175$1,188,534
75$2,242,542$684,850$420,259$1,201,228
76$2,391,820$638,947$354,877$1,214,683
77$2,553,821$588,291$284,801$1,229,079
78$2,729,764$532,571$209,796$1,244,629
79$2,920,991$471,457$129,614$1,261,571
80$3,128,975$404,602$44,000$1,280,181
81$3,355,341$331,638$0$1,300,773
82$3,601,873$252,175$0$1,335,326
83$3,870,536$165,803$0$1,384,899
84$4,163,492$72,090$0$1,439,211
85$4,483,123$0$0$1,498,855
86$4,832,046$0$0$1,579,385
87$5,213,147$0$0$1,707,330
88$5,629,600$0$0$1,847,280
89$6,084,899$0$0$2,000,428
90$6,582,892$0$0$2,168,087
91$7,127,817$0$0$2,351,700
92$7,724,338$0$0$2,552,859
93$8,377,594$0$0$2,773,318
94$9,093,241$0$0$3,015,005
95$9,877,509$0$0$3,280,047
96$10,737,260$0$0$3,570,784
97$11,680,052$0$0$3,889,797
98$12,714,208$0$0$4,239,924
99$13,848,896$0$0$4,624,296
100$15,094,214$0$0$5,046,358