Can I retire at age 61 with 922,000?

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 $922,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$76,138$75,460$74,798$74,152$73,522$72,633
2 years$37,692$36,990$36,310$35,650$35,010$34,116
3 years$24,878$24,173$23,495$22,841$22,212$21,340
4 years$18,473$17,770$17,098$16,456$15,842$14,998
5 years$14,631$13,932$13,269$12,640$12,043$11,231
6 years$12,070$11,376$10,723$10,108$9,529$8,749
7 years$10,241$9,554$8,911$8,310$7,750$7,002
8 years$8,871$8,189$7,557$6,971$6,429$5,714
9 years$7,805$7,130$6,509$5,938$5,414$4,732
10 years$6,953$6,285$5,675$5,119$4,613$3,962
11 years$6,257$5,595$4,996$4,455$3,967$3,348
12 years$5,677$5,022$4,434$3,907$3,438$2,849
13 years$5,186$4,538$3,961$3,450$2,998$2,439
14 years$4,766$4,125$3,559$3,062$2,628$2,098
15 years$4,403$3,769$3,214$2,731$2,314$1,812
16 years$4,085$3,458$2,914$2,445$2,045$1,570
17 years$3,805$3,184$2,651$2,197$1,813$1,364
18 years$3,556$2,942$2,420$1,980$1,612$1,189
19 years$3,333$2,727$2,216$1,789$1,437$1,038
20 years$3,134$2,534$2,033$1,620$1,284$908
21 years$2,953$2,360$1,870$1,471$1,149$795
22 years$2,789$2,203$1,724$1,337$1,030$698
23 years$2,640$2,061$1,592$1,218$924$613
24 years$2,503$1,931$1,472$1,111$831$539
25 years$2,377$1,812$1,363$1,014$748$474
26 years$2,261$1,703$1,264$927$673$417
27 years$2,154$1,603$1,174$849$607$368
28 years$2,055$1,510$1,091$778$548$324
29 years$1,963$1,425$1,016$713$495$286
30 years$1,877$1,345$946$655$447$253
31 years$1,797$1,272$882$601$404$223
32 years$1,722$1,203$823$552$366$197
33 years$1,651$1,140$768$508$331$174
34 years$1,585$1,080$718$467$300$154
35 years$1,523$1,025$671$430$271$136
36 years$1,464$972$628$396$246$120
37 years$1,409$924$588$365$223$106
38 years$1,357$878$550$337$202$94
39 years$1,307$835$516$310$183$83
40 years$1,261$794$483$286$166$74
41 years$1,216$756$453$264$151$65
42 years$1,174$720$425$244$137$58
43 years$1,134$686$399$225$124$51
44 years$1,095$654$374$208$113$45
45 years$1,059$623$352$192$102$40
46 years$1,024$595$330$177$93$35
47 years$991$568$310$164$84$31
48 years$959$542$292$151$77$28
49 years$929$517$274$140$70$25
50 years$900$494$258$129$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $922,000, adding $5,603 every year, while hoping to spend $39,729 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: 29/47/24 Blend
60$922,000$922,000$922,000$922,000
61$1,021,823$972,957$958,666$1,043,689
62$1,083,778$978,361$948,510$1,066,547
63$1,150,721$982,698$936,683$1,087,226
64$1,223,118$985,874$923,085$1,108,639
65$1,301,483$987,788$907,615$1,130,876
66$1,386,379$988,335$890,166$1,154,037
67$1,478,428$987,402$870,625$1,178,238
68$1,578,311$984,868$848,874$1,203,609
69$1,686,778$980,606$824,790$1,230,295
70$1,804,654$974,480$798,246$1,258,462
71$1,932,847$966,348$769,105$1,288,296
72$2,072,356$956,057$737,228$1,320,006
73$2,224,278$943,446$702,468$1,353,828
74$2,389,824$928,345$664,670$1,390,026
75$2,570,324$910,571$623,674$1,428,896
76$2,767,241$889,934$579,312$1,470,769
77$2,982,189$866,230$531,408$1,516,018
78$3,216,942$839,244$479,779$1,565,058
79$3,473,451$808,749$424,233$1,618,353
80$3,753,869$774,503$364,571$1,676,424
81$4,060,563$736,253$300,583$1,739,848
82$4,396,139$693,728$232,051$1,809,272
83$4,763,468$646,643$158,747$1,885,416
84$5,165,710$594,697$80,434$1,969,084
85$5,606,346$537,572$0$2,061,169
86$6,089,211$474,929$0$2,163,470
87$6,618,524$406,415$0$2,298,323
88$7,198,936$331,652$0$2,446,409
89$7,835,568$250,243$0$2,609,168
90$8,534,060$161,769$0$2,788,195
91$9,300,625$65,787$0$2,985,257
92$10,142,106$0$0$3,202,309
93$11,066,043$0$0$3,461,260
94$12,080,738$0$0$3,783,166
95$13,195,340$0$0$4,136,927
96$14,419,925$0$0$4,525,758
97$15,765,597$0$0$4,953,207
98$17,244,584$0$0$5,423,179
99$18,870,361$0$0$5,939,978
100$20,657,773$0$0$6,508,345