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%14%
1 years$76,138$75,460$74,798$74,152$73,522$72,304
2 years$37,692$36,990$36,310$35,650$35,010$33,787
3 years$24,878$24,173$23,495$22,841$22,212$21,021
4 years$18,473$17,770$17,098$16,456$15,842$14,692
5 years$14,631$13,932$13,269$12,640$12,043$10,938
6 years$12,070$11,376$10,723$10,108$9,529$8,471
7 years$10,241$9,554$8,911$8,310$7,750$6,738
8 years$8,871$8,189$7,557$6,971$6,429$5,464
9 years$7,805$7,130$6,509$5,938$5,414$4,495
10 years$6,953$6,285$5,675$5,119$4,613$3,739
11 years$6,257$5,595$4,996$4,455$3,967$3,138
12 years$5,677$5,022$4,434$3,907$3,438$2,651
13 years$5,186$4,538$3,961$3,450$2,998$2,253
14 years$4,766$4,125$3,559$3,062$2,628$1,924
15 years$4,403$3,769$3,214$2,731$2,314$1,649
16 years$4,085$3,458$2,914$2,445$2,045$1,418
17 years$3,805$3,184$2,651$2,197$1,813$1,223
18 years$3,556$2,942$2,420$1,980$1,612$1,057
19 years$3,333$2,727$2,216$1,789$1,437$916
20 years$3,134$2,534$2,033$1,620$1,284$794
21 years$2,953$2,360$1,870$1,471$1,149$690
22 years$2,789$2,203$1,724$1,337$1,030$600
23 years$2,640$2,061$1,592$1,218$924$523
24 years$2,503$1,931$1,472$1,111$831$456
25 years$2,377$1,812$1,363$1,014$748$398
26 years$2,261$1,703$1,264$927$673$347
27 years$2,154$1,603$1,174$849$607$303
28 years$2,055$1,510$1,091$778$548$265
29 years$1,963$1,425$1,016$713$495$232
30 years$1,877$1,345$946$655$447$203
31 years$1,797$1,272$882$601$404$177
32 years$1,722$1,203$823$552$366$155
33 years$1,651$1,140$768$508$331$136
34 years$1,585$1,080$718$467$300$119
35 years$1,523$1,025$671$430$271$104
36 years$1,464$972$628$396$246$91
37 years$1,409$924$588$365$223$80
38 years$1,357$878$550$337$202$70
39 years$1,307$835$516$310$183$61
40 years$1,261$794$483$286$166$54
41 years$1,216$756$453$264$151$47
42 years$1,174$720$425$244$137$41
43 years$1,134$686$399$225$124$36
44 years$1,095$654$374$208$113$32
45 years$1,059$623$352$192$102$28
46 years$1,024$595$330$177$93$24
47 years$991$568$310$164$84$21
48 years$959$542$292$151$77$19
49 years$929$517$274$140$70$17
50 years$900$494$258$129$63$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $922,000, adding $5,692 every year, while hoping to spend $31,504 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: 71/19/10 Blend
60$922,000$922,000$922,000$922,000
61$1,021,915$973,049$958,758$1,092,094
62$1,092,631$987,209$957,357$1,153,451
63$1,169,503$1,001,006$954,852$1,216,179
64$1,253,127$1,014,390$951,175$1,283,988
65$1,344,158$1,027,307$946,251$1,357,374
66$1,443,315$1,039,698$940,003$1,436,878
67$1,551,390$1,051,500$932,350$1,523,102
68$1,669,256$1,062,648$923,208$1,616,705
69$1,797,873$1,073,070$912,488$1,718,414
70$1,938,297$1,082,691$900,097$1,829,033
71$2,091,690$1,091,431$885,938$1,949,445
72$2,259,334$1,099,202$869,908$2,080,624
73$2,442,638$1,105,915$851,902$2,223,644
74$2,643,154$1,111,471$831,807$2,379,689
75$2,862,590$1,115,768$809,507$2,550,062
76$3,102,828$1,118,695$784,880$2,736,202
77$3,365,941$1,120,136$757,798$2,939,694
78$3,654,210$1,119,965$728,128$3,162,284
79$3,970,149$1,118,052$695,729$3,405,898
80$4,316,524$1,114,257$660,455$3,672,659
81$4,696,384$1,108,430$622,155$3,964,906
82$5,113,086$1,100,414$580,669$4,285,219
83$5,570,329$1,090,042$535,829$4,636,441
84$6,072,185$1,077,137$487,462$5,021,705
85$6,623,141$1,061,510$435,385$5,444,465
86$7,228,141$1,042,963$379,410$5,908,530
87$7,892,627$1,021,285$319,336$6,418,097
88$8,622,598$996,251$254,957$6,977,794
89$9,424,662$967,626$186,057$7,592,719
90$10,306,097$935,159$112,409$8,268,496
91$11,274,922$898,584$33,777$9,011,322
92$12,339,971$857,622$0$9,828,028
93$13,510,978$811,976$0$10,731,493
94$14,798,666$761,331$0$11,728,861
95$16,214,850$705,357$0$12,825,704
96$17,772,547$643,701$0$14,032,134
97$19,486,097$575,993$0$15,359,300
98$21,371,303$501,841$0$16,819,487
99$23,445,576$420,831$0$18,426,234
100$25,728,098$332,524$0$20,194,464