Can I retire at age 61 with 921,000?

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 $921,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$76,055$75,378$74,717$74,072$73,442$73,102
2 years$37,651$36,950$36,270$35,611$34,972$34,629
3 years$24,851$24,147$23,469$22,817$22,188$21,852
4 years$18,453$17,751$17,080$16,438$15,825$15,499
5 years$14,615$13,917$13,255$12,626$12,030$11,715
6 years$12,057$11,364$10,712$10,097$9,519$9,215
7 years$10,230$9,544$8,901$8,301$7,741$7,449
8 years$8,861$8,181$7,549$6,964$6,422$6,142
9 years$7,797$7,123$6,502$5,932$5,408$5,139
10 years$6,946$6,278$5,669$5,113$4,608$4,351
11 years$6,250$5,589$4,991$4,450$3,963$3,717
12 years$5,671$5,017$4,429$3,903$3,434$3,199
13 years$5,181$4,534$3,957$3,446$2,995$2,770
14 years$4,761$4,121$3,555$3,059$2,625$2,411
15 years$4,398$3,764$3,210$2,728$2,311$2,108
16 years$4,080$3,454$2,910$2,443$2,043$1,849
17 years$3,800$3,181$2,648$2,195$1,811$1,627
18 years$3,552$2,939$2,418$1,978$1,611$1,436
19 years$3,330$2,724$2,213$1,787$1,436$1,270
20 years$3,130$2,531$2,031$1,619$1,282$1,126
21 years$2,950$2,358$1,868$1,469$1,147$999
22 years$2,786$2,201$1,722$1,336$1,029$889
23 years$2,637$2,058$1,590$1,216$923$791
24 years$2,500$1,929$1,470$1,109$830$705
25 years$2,374$1,810$1,362$1,013$747$629
26 years$2,259$1,701$1,263$926$673$562
27 years$2,152$1,601$1,173$848$606$502
28 years$2,053$1,509$1,090$777$547$449
29 years$1,961$1,423$1,015$712$494$402
30 years$1,875$1,344$945$654$446$360
31 years$1,795$1,271$881$601$404$323
32 years$1,720$1,202$822$552$365$289
33 years$1,649$1,138$768$508$330$260
34 years$1,583$1,079$717$467$299$233
35 years$1,521$1,023$670$430$271$209
36 years$1,463$971$627$396$246$188
37 years$1,408$923$587$365$223$169
38 years$1,355$877$550$336$202$151
39 years$1,306$834$515$310$183$136
40 years$1,259$793$483$286$166$122
41 years$1,215$755$453$264$151$110
42 years$1,173$719$425$243$137$99
43 years$1,132$685$398$225$124$89
44 years$1,094$653$374$208$113$80
45 years$1,058$623$351$192$102$72
46 years$1,023$594$330$177$93$65
47 years$990$567$310$164$84$58
48 years$958$541$291$151$76$52
49 years$928$517$274$140$69$47
50 years$899$494$257$129$63$42

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $921,000, adding $5,244 every year, while hoping to spend $26,103 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: 80/13/7 Blend
60$921,000$921,000$921,000$921,000
61$1,020,351$971,538$957,263$1,100,795
62$1,096,654$991,370$961,558$1,174,075
63$1,179,864$1,011,299$965,122$1,250,488
64$1,270,659$1,031,302$967,902$1,333,544
65$1,369,785$1,051,354$969,846$1,423,892
66$1,478,062$1,071,429$970,894$1,522,249
67$1,596,392$1,091,497$970,987$1,629,402
68$1,725,770$1,111,527$970,061$1,746,218
69$1,867,291$1,131,484$968,051$1,873,654
70$2,022,160$1,151,332$964,886$2,012,763
71$2,191,705$1,171,032$960,494$2,164,704
72$2,377,387$1,190,540$954,798$2,330,753
73$2,580,815$1,209,811$947,718$2,512,319
74$2,803,762$1,228,796$939,171$2,710,951
75$3,048,181$1,247,442$929,068$2,928,357
76$3,316,221$1,265,692$917,318$3,166,418
77$3,610,250$1,283,486$903,823$3,427,207
78$3,932,878$1,300,759$888,483$3,713,007
79$4,286,976$1,317,441$871,192$4,026,334
80$4,675,711$1,333,459$851,840$4,369,960
81$5,102,567$1,348,732$830,310$4,746,940
82$5,571,386$1,363,176$806,482$5,160,639
83$6,086,397$1,376,702$780,230$5,614,765
84$6,652,262$1,389,213$751,419$6,113,405
85$7,274,113$1,400,605$719,913$6,661,060
86$7,957,609$1,410,770$685,566$7,262,692
87$8,708,979$1,419,592$648,226$7,923,768
88$9,535,089$1,426,947$607,736$8,650,312
89$10,443,503$1,432,702$563,931$9,448,963
90$11,442,555$1,436,718$516,636$10,327,035
91$12,541,424$1,438,847$465,672$11,292,590
92$13,750,228$1,438,928$410,851$12,354,511
93$15,080,111$1,436,796$351,974$13,522,586
94$16,543,354$1,432,271$288,837$14,807,603
95$18,153,488$1,425,164$221,225$16,221,450
96$19,925,421$1,415,274$148,913$17,777,226
97$21,875,580$1,402,389$71,668$19,489,367
98$24,022,065$1,386,281$0$21,373,782
99$26,384,819$1,366,712$0$23,448,807
100$28,985,818$1,343,429$0$25,738,722