Can I retire at age 61 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$76,468$75,787$75,123$74,474$73,841$72,498
2 years$37,856$37,151$36,467$35,805$35,162$33,814
3 years$24,986$24,278$23,597$22,940$22,308$20,997
4 years$18,553$17,847$17,172$16,527$15,910$14,646
5 years$14,694$13,992$13,326$12,695$12,095$10,881
6 years$12,122$11,426$10,770$10,152$9,570$8,408
7 years$10,286$9,595$8,950$8,346$7,783$6,673
8 years$8,909$8,225$7,590$7,002$6,457$5,399
9 years$7,839$7,161$6,537$5,964$5,438$4,431
10 years$6,984$6,312$5,699$5,141$4,633$3,677
11 years$6,284$5,620$5,018$4,474$3,985$3,078
12 years$5,701$5,044$4,453$3,924$3,453$2,594
13 years$5,209$4,558$3,978$3,465$3,011$2,199
14 years$4,787$4,143$3,575$3,076$2,640$1,872
15 years$4,422$3,785$3,227$2,743$2,324$1,600
16 years$4,103$3,473$2,926$2,456$2,054$1,373
17 years$3,821$3,198$2,663$2,207$1,821$1,180
18 years$3,571$2,955$2,431$1,989$1,619$1,017
19 years$3,348$2,739$2,225$1,797$1,443$878
20 years$3,147$2,545$2,042$1,627$1,289$760
21 years$2,966$2,371$1,878$1,477$1,154$658
22 years$2,801$2,213$1,731$1,343$1,034$571
23 years$2,651$2,070$1,598$1,223$928$495
24 years$2,514$1,939$1,478$1,115$834$431
25 years$2,387$1,820$1,369$1,019$751$374
26 years$2,271$1,710$1,270$931$676$326
27 years$2,164$1,610$1,179$853$610$284
28 years$2,064$1,517$1,096$781$550$247
29 years$1,971$1,431$1,020$716$497$215
30 years$1,885$1,351$950$657$449$188
31 years$1,804$1,277$886$604$406$164
32 years$1,729$1,209$827$555$367$143
33 years$1,658$1,145$772$510$332$125
34 years$1,592$1,085$721$469$301$109
35 years$1,530$1,029$674$432$272$95
36 years$1,471$977$631$398$247$83
37 years$1,415$928$590$367$224$72
38 years$1,363$882$553$338$203$63
39 years$1,313$838$518$312$184$55
40 years$1,266$798$485$287$167$48
41 years$1,221$759$455$265$151$42
42 years$1,179$723$427$245$137$37
43 years$1,139$689$401$226$125$32
44 years$1,100$657$376$209$113$28
45 years$1,064$626$353$193$103$25
46 years$1,029$597$332$178$93$21
47 years$995$570$312$164$85$19
48 years$964$544$293$152$77$16
49 years$933$520$275$140$70$14
50 years$904$496$259$130$63$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $926,000, adding $4,637 every year, while hoping to spend $39,062 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: 61/11/28 Blend
60$926,000$926,000$926,000$926,000
61$1,025,235$976,157$961,804$1,079,781
62$1,088,247$982,427$952,463$1,123,727
63$1,156,378$987,695$941,499$1,167,062
64$1,230,107$991,871$928,818$1,213,541
65$1,309,964$994,858$914,320$1,263,478
66$1,396,529$996,555$897,898$1,317,223
67$1,490,442$996,853$879,445$1,375,162
68$1,592,405$995,637$858,844$1,437,719
69$1,703,191$992,784$835,976$1,505,367
70$1,823,651$988,165$810,716$1,578,625
71$1,954,720$981,642$782,931$1,658,068
72$2,097,427$973,068$752,485$1,744,332
73$2,252,905$962,289$719,234$1,838,119
74$2,422,400$949,140$683,028$1,940,204
75$2,607,285$933,448$643,709$2,051,445
76$2,809,068$915,027$601,113$2,172,787
77$3,029,413$893,683$555,070$2,305,275
78$3,270,147$869,208$505,399$2,450,064
79$3,533,286$841,383$451,914$2,608,429
80$3,821,048$809,977$394,420$2,781,777
81$4,135,873$774,744$332,711$2,971,662
82$4,480,450$735,425$266,575$3,179,800
83$4,857,740$691,744$195,789$3,408,085
84$5,271,002$643,412$120,121$3,658,607
85$5,723,827$590,122$39,327$3,933,675
86$6,220,168$531,549$0$4,235,836
87$6,764,380$467,350$0$4,581,912
88$7,361,258$397,162$0$4,974,443
89$8,016,087$320,603$0$5,405,174
90$8,734,683$237,268$0$5,877,971
91$9,523,456$146,729$0$6,397,090
92$10,389,465$48,536$0$6,967,225
93$11,340,489$0$0$7,593,548
94$12,385,092$0$0$8,288,754
95$13,532,713$0$0$9,059,050
96$14,793,748$0$0$9,905,548
97$16,179,650$0$0$10,835,948
98$17,703,038$0$0$11,858,729
99$19,377,814$0$0$12,983,236
100$21,219,292$0$0$14,219,762