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%
1 years$75,890$75,214$74,555$73,911$73,282$71,482
2 years$37,569$36,870$36,192$35,534$34,896$33,093
3 years$24,797$24,095$23,418$22,767$22,140$20,391
4 years$18,413$17,712$17,043$16,402$15,790$14,109
5 years$14,583$13,887$13,226$12,599$12,003$10,394
6 years$12,031$11,339$10,688$10,075$9,498$7,962
7 years$10,208$9,523$8,882$8,283$7,724$6,263
8 years$8,842$8,163$7,533$6,949$6,408$5,020
9 years$7,780$7,107$6,488$5,919$5,397$4,080
10 years$6,931$6,265$5,656$5,102$4,598$3,353
11 years$6,236$5,577$4,980$4,440$3,955$2,778
12 years$5,658$5,006$4,419$3,895$3,427$2,317
13 years$5,170$4,524$3,948$3,438$2,988$1,943
14 years$4,751$4,112$3,548$3,052$2,620$1,637
15 years$4,388$3,756$3,203$2,722$2,306$1,384
16 years$4,072$3,446$2,904$2,437$2,038$1,173
17 years$3,792$3,174$2,643$2,190$1,807$997
18 years$3,544$2,933$2,412$1,974$1,607$850
19 years$3,323$2,718$2,208$1,783$1,432$725
20 years$3,123$2,526$2,027$1,615$1,279$620
21 years$2,943$2,353$1,864$1,466$1,145$530
22 years$2,780$2,196$1,718$1,333$1,026$454
23 years$2,631$2,054$1,586$1,214$921$389
24 years$2,495$1,924$1,467$1,107$828$334
25 years$2,369$1,806$1,359$1,011$745$287
26 years$2,254$1,697$1,260$924$671$246
27 years$2,147$1,597$1,170$846$605$212
28 years$2,048$1,505$1,088$775$546$182
29 years$1,956$1,420$1,012$711$493$157
30 years$1,871$1,341$943$652$446$135
31 years$1,791$1,268$879$599$403$116
32 years$1,716$1,200$820$551$364$100
33 years$1,646$1,136$766$506$330$86
34 years$1,580$1,077$716$466$299$74
35 years$1,518$1,021$669$429$270$64
36 years$1,460$969$626$395$245$55
37 years$1,404$921$586$364$222$47
38 years$1,352$875$549$335$201$41
39 years$1,303$832$514$309$183$35
40 years$1,256$792$482$285$166$30
41 years$1,212$753$452$263$150$26
42 years$1,170$718$424$243$136$22
43 years$1,130$684$398$224$124$19
44 years$1,092$652$373$207$112$17
45 years$1,056$621$350$191$102$14
46 years$1,021$593$329$177$93$12
47 years$988$566$309$163$84$11
48 years$956$540$291$151$76$9
49 years$926$516$273$139$69$8
50 years$897$493$257$129$63$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $919,000, adding $2,659 every year, while hoping to spend $30,210 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: 76/13/11 Blend
60$919,000$919,000$919,000$919,000
61$1,015,481$966,774$952,529$1,090,372
62$1,086,917$982,002$952,296$1,155,307
63$1,164,626$996,965$951,042$1,222,377
64$1,249,218$1,011,616$948,702$1,295,047
65$1,341,361$1,025,908$945,206$1,373,865
66$1,441,791$1,039,789$940,482$1,459,430
67$1,551,319$1,053,203$934,453$1,552,406
68$1,670,836$1,066,093$927,040$1,653,523
69$1,801,325$1,078,395$918,159$1,763,584
70$1,943,865$1,090,041$907,722$1,883,477
71$2,099,647$1,100,961$895,638$2,014,176
72$2,269,980$1,111,077$881,811$2,156,758
73$2,456,306$1,120,308$866,140$2,312,408
74$2,660,213$1,128,567$848,520$2,482,432
75$2,883,450$1,135,762$828,841$2,668,270
76$3,127,942$1,141,794$806,987$2,871,508
77$3,395,808$1,146,559$782,837$3,093,893
78$3,689,385$1,149,945$756,267$3,337,352
79$4,011,244$1,151,833$727,143$3,604,007
80$4,364,217$1,152,099$695,329$3,896,199
81$4,751,424$1,150,609$660,679$4,216,504
82$5,176,300$1,147,220$623,043$4,567,766
83$5,642,631$1,141,782$582,263$4,953,115
84$6,154,586$1,134,136$538,176$5,376,003
85$6,716,757$1,124,112$490,608$5,840,233
86$7,334,204$1,111,531$439,380$6,349,998
87$8,012,498$1,096,201$384,305$6,909,919
88$8,757,780$1,077,922$325,187$7,525,086
89$9,576,813$1,056,480$261,820$8,201,113
90$10,477,048$1,031,648$193,991$8,944,185
91$11,466,695$1,003,186$121,477$9,761,120
92$12,554,796$970,840$44,045$10,659,431
93$13,751,316$934,342$0$11,647,399
94$15,067,233$893,408$0$12,738,679
95$16,514,643$847,737$0$13,944,614
96$18,106,870$797,009$0$15,271,145
97$19,858,598$740,890$0$16,730,523
98$21,786,004$679,023$0$18,336,249
99$23,906,914$611,032$0$20,103,201
100$26,240,966$536,520$0$22,047,772