Can I retire at age 61 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$76,386$75,705$75,041$74,393$73,761$73,082
2 years$37,815$37,110$36,428$35,766$35,124$34,440
3 years$24,959$24,252$23,571$22,916$22,284$21,616
4 years$18,533$17,828$17,154$16,509$15,893$15,246
5 years$14,678$13,977$13,312$12,681$12,082$11,458
6 years$12,109$11,413$10,758$10,141$9,560$8,960
7 years$10,275$9,585$8,940$8,337$7,775$7,199
8 years$8,900$8,216$7,582$6,994$6,450$5,899
9 years$7,831$7,154$6,530$5,957$5,432$4,904
10 years$6,976$6,306$5,693$5,135$4,628$4,124
11 years$6,277$5,613$5,012$4,469$3,980$3,500
12 years$5,695$5,038$4,448$3,920$3,449$2,992
13 years$5,203$4,553$3,974$3,461$3,008$2,572
14 years$4,782$4,139$3,571$3,072$2,637$2,223
15 years$4,417$3,781$3,224$2,740$2,322$1,929
16 years$4,098$3,469$2,923$2,453$2,052$1,680
17 years$3,817$3,195$2,660$2,204$1,819$1,467
18 years$3,567$2,952$2,428$1,986$1,618$1,285
19 years$3,344$2,736$2,223$1,795$1,442$1,127
20 years$3,144$2,542$2,040$1,626$1,288$991
21 years$2,963$2,368$1,876$1,475$1,152$873
22 years$2,798$2,211$1,729$1,341$1,033$770
23 years$2,648$2,067$1,597$1,222$927$680
24 years$2,511$1,937$1,477$1,114$833$601
25 years$2,385$1,818$1,368$1,018$750$531
26 years$2,269$1,708$1,269$930$676$471
27 years$2,161$1,608$1,178$852$609$417
28 years$2,062$1,515$1,095$780$550$370
29 years$1,969$1,429$1,019$716$496$328
30 years$1,883$1,350$949$657$448$291
31 years$1,802$1,276$885$603$405$259
32 years$1,727$1,207$826$554$367$230
33 years$1,657$1,143$771$510$332$204
34 years$1,590$1,084$720$469$300$182
35 years$1,528$1,028$673$432$272$162
36 years$1,469$976$630$398$247$144
37 years$1,414$927$590$366$223$128
38 years$1,361$881$552$338$203$114
39 years$1,312$837$517$311$184$101
40 years$1,265$797$485$287$167$90
41 years$1,220$758$455$265$151$80
42 years$1,178$722$426$245$137$71
43 years$1,137$688$400$226$125$64
44 years$1,099$656$376$208$113$57
45 years$1,062$626$353$192$103$50
46 years$1,028$597$331$178$93$45
47 years$994$569$311$164$85$40
48 years$963$544$292$152$77$36
49 years$932$519$275$140$70$32
50 years$903$496$258$130$63$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $925,000, adding $5,803 every year, while hoping to spend $51,727 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: 71/16/13 Blend
60$925,000$925,000$925,000$925,000
61$1,025,336$976,311$961,973$1,094,847
62$1,074,883$969,113$939,162$1,134,504
63$1,127,750$959,829$913,853$1,171,056
64$1,184,222$948,301$885,908$1,209,703
65$1,244,609$934,364$855,183$1,250,639
66$1,309,252$917,842$821,525$1,294,084
67$1,378,527$898,547$784,777$1,340,276
68$1,452,843$876,282$744,773$1,389,482
69$1,532,651$850,838$701,342$1,441,997
70$1,618,446$821,993$654,301$1,498,145
71$1,710,770$789,513$603,462$1,558,287
72$1,810,219$753,150$548,629$1,622,821
73$1,917,447$712,641$489,594$1,692,189
74$2,033,175$667,708$426,143$1,766,876
75$2,158,191$618,058$358,052$1,847,422
76$2,293,365$563,381$285,084$1,934,424
77$2,439,650$503,348$206,996$2,028,539
78$2,598,095$437,613$123,532$2,130,497
79$2,769,854$365,810$34,423$2,241,102
80$2,956,195$287,551$0$2,361,245
81$3,158,514$202,427$0$2,500,325
82$3,378,343$110,007$0$2,656,657
83$3,617,372$9,835$0$2,826,704
84$3,877,456$0$0$3,011,839
85$4,160,639$0$0$3,230,929
86$4,469,168$0$0$3,471,559
87$4,805,518$0$0$3,733,932
88$5,172,412$0$0$4,020,177
89$5,572,845$0$0$4,332,640
90$6,010,117$0$0$4,673,899
91$6,487,860$0$0$5,046,795
92$7,010,071$0$0$5,454,456
93$7,581,151$0$0$5,900,324
94$8,205,948$0$0$6,388,191
95$8,889,796$0$0$6,922,230
96$9,638,572$0$0$7,507,038
97$10,458,748$0$0$8,147,677
98$11,357,447$0$0$8,849,720
99$12,342,520$0$0$9,619,309
100$13,422,608$0$0$10,463,203