Can I retire at age 61 with 919,000?

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 $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%16.9%
1 years$75,890$75,214$74,555$73,911$73,282$71,222
2 years$37,569$36,870$36,192$35,534$34,896$32,836
3 years$24,797$24,095$23,418$22,767$22,140$20,144
4 years$18,413$17,712$17,043$16,402$15,790$13,875
5 years$14,583$13,887$13,226$12,599$12,003$10,174
6 years$12,031$11,339$10,688$10,075$9,498$7,755
7 years$10,208$9,523$8,882$8,283$7,724$6,069
8 years$8,842$8,163$7,533$6,949$6,408$4,839
9 years$7,780$7,107$6,488$5,919$5,397$3,912
10 years$6,931$6,265$5,656$5,102$4,598$3,196
11 years$6,236$5,577$4,980$4,440$3,955$2,633
12 years$5,658$5,006$4,419$3,895$3,427$2,183
13 years$5,170$4,524$3,948$3,438$2,988$1,820
14 years$4,751$4,112$3,548$3,052$2,620$1,524
15 years$4,388$3,756$3,203$2,722$2,306$1,280
16 years$4,072$3,446$2,904$2,437$2,038$1,078
17 years$3,792$3,174$2,643$2,190$1,807$911
18 years$3,544$2,933$2,412$1,974$1,607$771
19 years$3,323$2,718$2,208$1,783$1,432$653
20 years$3,123$2,526$2,027$1,615$1,279$554
21 years$2,943$2,353$1,864$1,466$1,145$471
22 years$2,780$2,196$1,718$1,333$1,026$401
23 years$2,631$2,054$1,586$1,214$921$341
24 years$2,495$1,924$1,467$1,107$828$291
25 years$2,369$1,806$1,359$1,011$745$248
26 years$2,254$1,697$1,260$924$671$211
27 years$2,147$1,597$1,170$846$605$180
28 years$2,048$1,505$1,088$775$546$154
29 years$1,956$1,420$1,012$711$493$131
30 years$1,871$1,341$943$652$446$112
31 years$1,791$1,268$879$599$403$96
32 years$1,716$1,200$820$551$364$82
33 years$1,646$1,136$766$506$330$70
34 years$1,580$1,077$716$466$299$60
35 years$1,518$1,021$669$429$270$51
36 years$1,460$969$626$395$245$44
37 years$1,404$921$586$364$222$37
38 years$1,352$875$549$335$201$32
39 years$1,303$832$514$309$183$27
40 years$1,256$792$482$285$166$23
41 years$1,212$753$452$263$150$20
42 years$1,170$718$424$243$136$17
43 years$1,130$684$398$224$124$15
44 years$1,092$652$373$207$112$13
45 years$1,056$621$350$191$102$11
46 years$1,021$593$329$177$93$9
47 years$988$566$309$163$84$8
48 years$956$540$291$151$76$7
49 years$926$516$273$139$69$6
50 years$897$493$257$129$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $919,000, adding $6,471 every year, while hoping to spend $40,163 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: 63/27/10 Blend
60$919,000$919,000$919,000$919,000
61$1,019,413$970,706$956,461$1,080,981
62$1,080,660$975,537$945,770$1,127,760
63$1,146,808$979,259$933,374$1,173,566
64$1,218,315$981,775$919,174$1,222,568
65$1,295,683$982,982$903,066$1,275,074
66$1,379,465$982,771$884,942$1,331,427
67$1,470,269$981,026$864,686$1,392,005
68$1,568,764$977,623$842,180$1,457,223
69$1,675,683$972,432$817,299$1,527,542
70$1,791,836$965,314$789,911$1,603,471
71$1,918,111$956,123$759,881$1,685,571
72$2,055,487$944,701$727,066$1,774,463
73$2,205,039$930,884$691,315$1,870,832
74$2,367,953$914,497$652,474$1,975,433
75$2,545,531$895,354$610,378$2,089,104
76$2,739,207$873,258$564,858$2,212,765
77$2,950,560$848,002$515,734$2,347,437
78$3,181,327$819,364$462,822$2,494,244
79$3,433,422$787,113$405,926$2,654,427
80$3,708,950$751,000$344,843$2,829,358
81$4,010,229$710,766$279,362$3,020,551
82$4,339,812$666,133$209,261$3,229,678
83$4,700,510$616,810$134,308$3,458,582
84$5,095,417$562,489$54,262$3,709,301
85$5,527,942$502,843$0$3,984,082
86$6,001,837$437,527$0$4,288,731
87$6,521,235$366,177$0$4,629,056
88$7,090,690$288,408$0$5,002,314
89$7,715,213$203,814$0$5,411,868
90$8,400,329$111,964$0$5,861,432
91$9,152,118$12,406$0$6,355,099
92$9,977,281$0$0$6,897,385
93$10,883,197$0$0$7,521,597
94$11,877,996$0$0$8,211,170
95$12,970,634$0$0$8,968,634
96$14,170,974$0$0$9,800,837
97$15,489,885$0$0$10,715,323
98$16,939,339$0$0$11,720,402
99$18,532,527$0$0$12,825,232
100$20,283,979$0$0$14,039,898