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%14.5%
1 years$76,386$75,705$75,041$74,393$73,761$72,390
2 years$37,815$37,110$36,428$35,766$35,124$33,748
3 years$24,959$24,252$23,571$22,916$22,284$20,946
4 years$18,533$17,828$17,154$16,509$15,893$14,603
5 years$14,678$13,977$13,312$12,681$12,082$10,843
6 years$12,109$11,413$10,758$10,141$9,560$8,375
7 years$10,275$9,585$8,940$8,337$7,775$6,643
8 years$8,900$8,216$7,582$6,994$6,450$5,371
9 years$7,831$7,154$6,530$5,957$5,432$4,406
10 years$6,976$6,306$5,693$5,135$4,628$3,653
11 years$6,277$5,613$5,012$4,469$3,980$3,056
12 years$5,695$5,038$4,448$3,920$3,449$2,574
13 years$5,203$4,553$3,974$3,461$3,008$2,180
14 years$4,782$4,139$3,571$3,072$2,637$1,856
15 years$4,417$3,781$3,224$2,740$2,322$1,585
16 years$4,098$3,469$2,923$2,453$2,052$1,358
17 years$3,817$3,195$2,660$2,204$1,819$1,167
18 years$3,567$2,952$2,428$1,986$1,618$1,005
19 years$3,344$2,736$2,223$1,795$1,442$867
20 years$3,144$2,542$2,040$1,626$1,288$750
21 years$2,963$2,368$1,876$1,475$1,152$649
22 years$2,798$2,211$1,729$1,341$1,033$562
23 years$2,648$2,067$1,597$1,222$927$488
24 years$2,511$1,937$1,477$1,114$833$424
25 years$2,385$1,818$1,368$1,018$750$368
26 years$2,269$1,708$1,269$930$676$320
27 years$2,161$1,608$1,178$852$609$278
28 years$2,062$1,515$1,095$780$550$242
29 years$1,969$1,429$1,019$716$496$211
30 years$1,883$1,350$949$657$448$184
31 years$1,802$1,276$885$603$405$160
32 years$1,727$1,207$826$554$367$140
33 years$1,657$1,143$771$510$332$122
34 years$1,590$1,084$720$469$300$106
35 years$1,528$1,028$673$432$272$93
36 years$1,469$976$630$398$247$81
37 years$1,414$927$590$366$223$70
38 years$1,361$881$552$338$203$62
39 years$1,312$837$517$311$184$54
40 years$1,265$797$485$287$167$47
41 years$1,220$758$455$265$151$41
42 years$1,178$722$426$245$137$36
43 years$1,137$688$400$226$125$31
44 years$1,099$656$376$208$113$27
45 years$1,062$626$353$192$103$24
46 years$1,028$597$331$178$93$21
47 years$994$569$311$164$85$18
48 years$963$544$292$152$77$16
49 years$932$519$275$140$70$14
50 years$903$496$258$130$63$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $925,000, adding $3,999 every year, while hoping to spend $37,022 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: 77/11/12 Blend
60$925,000$925,000$925,000$925,000
61$1,023,475$974,450$960,112$1,099,612
62$1,088,478$982,807$952,885$1,158,665
63$1,158,871$990,332$944,175$1,218,293
64$1,235,164$996,947$933,893$1,282,631
65$1,317,919$1,002,565$921,946$1,352,135
66$1,407,753$1,007,097$908,237$1,427,305
67$1,505,345$1,010,446$892,665$1,508,695
68$1,611,442$1,012,511$875,122$1,596,913
69$1,726,867$1,013,181$855,496$1,692,630
70$1,852,524$1,012,344$833,671$1,796,587
71$1,989,408$1,009,874$809,525$1,909,598
72$2,138,613$1,005,644$782,930$2,032,563
73$2,301,345$999,514$753,752$2,166,470
74$2,478,930$991,338$721,851$2,312,412
75$2,672,829$980,962$687,081$2,471,592
76$2,884,649$968,220$649,289$2,645,336
77$3,116,159$952,939$608,316$2,835,105
78$3,369,306$934,932$563,994$3,042,510
79$3,646,237$914,006$516,149$3,269,328
80$3,949,313$889,951$464,600$3,517,516
81$4,281,134$862,550$409,155$3,789,232
82$4,644,564$831,569$349,616$4,086,854
83$5,042,756$796,763$285,775$4,413,005
84$5,479,184$757,871$217,415$4,770,576
85$5,957,673$714,619$144,311$5,162,751
86$6,482,436$666,715$66,225$5,593,044
87$7,058,112$613,852$0$6,065,326
88$7,689,813$555,704$0$6,586,054
89$8,383,168$491,928$0$7,166,935
90$9,144,379$422,161$0$7,804,699
91$9,980,277$346,017$0$8,505,099
92$10,898,386$263,093$0$9,274,472
93$11,906,996$172,959$0$10,119,804
94$13,015,239$75,163$0$11,048,791
95$14,233,175$0$0$12,069,913
96$15,571,887$0$0$13,196,244
97$17,043,587$0$0$14,444,500
98$18,661,726$0$0$15,816,999
99$20,441,125$0$0$17,326,317
100$22,398,114$0$0$18,986,308