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%13%
1 years$76,468$75,787$75,123$74,474$73,841$72,918
2 years$37,856$37,151$36,467$35,805$35,162$34,234
3 years$24,986$24,278$23,597$22,940$22,308$21,403
4 years$18,553$17,847$17,172$16,527$15,910$15,035
5 years$14,694$13,992$13,326$12,695$12,095$11,252
6 years$12,122$11,426$10,770$10,152$9,570$8,761
7 years$10,286$9,595$8,950$8,346$7,783$7,008
8 years$8,909$8,225$7,590$7,002$6,457$5,716
9 years$7,839$7,161$6,537$5,964$5,438$4,730
10 years$6,984$6,312$5,699$5,141$4,633$3,959
11 years$6,284$5,620$5,018$4,474$3,985$3,343
12 years$5,701$5,044$4,453$3,924$3,453$2,843
13 years$5,209$4,558$3,978$3,465$3,011$2,432
14 years$4,787$4,143$3,575$3,076$2,640$2,090
15 years$4,422$3,785$3,227$2,743$2,324$1,804
16 years$4,103$3,473$2,926$2,456$2,054$1,562
17 years$3,821$3,198$2,663$2,207$1,821$1,357
18 years$3,571$2,955$2,431$1,989$1,619$1,181
19 years$3,348$2,739$2,225$1,797$1,443$1,031
20 years$3,147$2,545$2,042$1,627$1,289$901
21 years$2,966$2,371$1,878$1,477$1,154$789
22 years$2,801$2,213$1,731$1,343$1,034$691
23 years$2,651$2,070$1,598$1,223$928$607
24 years$2,514$1,939$1,478$1,115$834$533
25 years$2,387$1,820$1,369$1,019$751$469
26 years$2,271$1,710$1,270$931$676$412
27 years$2,164$1,610$1,179$853$610$363
28 years$2,064$1,517$1,096$781$550$320
29 years$1,971$1,431$1,020$716$497$282
30 years$1,885$1,351$950$657$449$249
31 years$1,804$1,277$886$604$406$219
32 years$1,729$1,209$827$555$367$194
33 years$1,658$1,145$772$510$332$171
34 years$1,592$1,085$721$469$301$151
35 years$1,530$1,029$674$432$272$133
36 years$1,471$977$631$398$247$118
37 years$1,415$928$590$367$224$104
38 years$1,363$882$553$338$203$92
39 years$1,313$838$518$312$184$81
40 years$1,266$798$485$287$167$72
41 years$1,221$759$455$265$151$64
42 years$1,179$723$427$245$137$56
43 years$1,139$689$401$226$125$50
44 years$1,100$657$376$209$113$44
45 years$1,064$626$353$193$103$39
46 years$1,029$597$332$178$93$34
47 years$995$570$312$164$85$30
48 years$964$544$293$152$77$27
49 years$933$520$275$140$70$24
50 years$904$496$259$130$63$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $926,000, adding $6,173 every year, while hoping to spend $57,695 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: 51/22/27 Blend
60$926,000$926,000$926,000$926,000
61$1,026,819$977,741$963,388$1,071,107
62$1,070,168$964,264$934,275$1,089,104
63$1,116,004$948,192$902,252$1,102,359
64$1,164,522$929,338$867,163$1,115,627
65$1,215,930$907,503$828,840$1,128,934
66$1,270,460$882,475$787,111$1,142,314
67$1,328,363$854,033$741,795$1,155,804
68$1,389,913$821,938$692,703$1,169,454
69$1,455,413$785,942$639,637$1,183,318
70$1,525,192$745,779$582,391$1,197,465
71$1,599,609$701,170$520,749$1,211,971
72$1,679,061$651,819$454,486$1,226,929
73$1,763,980$597,413$383,366$1,242,443
74$1,854,841$537,621$307,144$1,258,636
75$1,952,164$472,094$225,562$1,275,647
76$2,056,520$400,462$138,354$1,293,639
77$2,168,535$322,335$45,239$1,312,795
78$2,288,897$237,301$0$1,333,325
79$2,418,360$144,924$0$1,371,062
80$2,557,752$44,744$0$1,425,605
81$2,707,982$0$0$1,484,305
82$2,870,050$0$0$1,563,032
83$3,045,053$0$0$1,659,812
84$3,234,198$0$0$1,764,491
85$3,438,810$0$0$1,877,811
86$3,660,346$0$0$2,000,591
87$3,900,408$0$0$2,133,728
88$4,160,758$0$0$2,278,211
89$4,443,333$0$0$2,435,126
90$4,750,263$0$0$2,605,670
91$5,083,891$0$0$2,791,158
92$5,446,796$0$0$2,993,036
93$5,841,815$0$0$3,212,897
94$6,272,068$0$0$3,452,493
95$6,740,990$0$0$3,713,752
96$7,252,361$0$0$3,998,795
97$7,810,341$0$0$4,309,960
98$8,419,510$0$0$4,649,818
99$9,084,908$0$0$5,021,198
100$9,812,085$0$0$5,427,218