Can I retire at age 61 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$76,551$75,869$75,204$74,554$73,920$72,046
2 years$37,896$37,191$36,507$35,843$35,200$33,324
3 years$25,013$24,304$23,622$22,965$22,332$20,513
4 years$18,573$17,866$17,191$16,545$15,928$14,179
5 years$14,710$14,007$13,341$12,708$12,108$10,435
6 years$12,135$11,438$10,781$10,163$9,581$7,985
7 years$10,297$9,606$8,959$8,355$7,792$6,273
8 years$8,919$8,234$7,598$7,009$6,464$5,022
9 years$7,848$7,169$6,544$5,970$5,444$4,078
10 years$6,991$6,319$5,706$5,146$4,638$3,346
11 years$6,291$5,626$5,023$4,479$3,989$2,769
12 years$5,708$5,049$4,458$3,929$3,457$2,307
13 years$5,215$4,563$3,983$3,468$3,014$1,932
14 years$4,792$4,148$3,579$3,079$2,642$1,625
15 years$4,427$3,789$3,231$2,746$2,327$1,372
16 years$4,107$3,476$2,929$2,459$2,056$1,162
17 years$3,825$3,202$2,666$2,209$1,823$986
18 years$3,575$2,958$2,433$1,991$1,621$839
19 years$3,352$2,742$2,228$1,799$1,445$715
20 years$3,151$2,548$2,044$1,629$1,291$610
21 years$2,969$2,373$1,880$1,479$1,155$521
22 years$2,804$2,215$1,733$1,344$1,035$446
23 years$2,654$2,072$1,600$1,224$929$381
24 years$2,516$1,941$1,480$1,117$835$327
25 years$2,390$1,822$1,371$1,020$752$280
26 years$2,273$1,712$1,271$932$677$240
27 years$2,166$1,611$1,180$854$610$206
28 years$2,066$1,518$1,097$782$551$177
29 years$1,973$1,432$1,021$717$497$152
30 years$1,887$1,353$951$658$449$131
31 years$1,806$1,279$887$604$406$112
32 years$1,731$1,210$827$555$368$96
33 years$1,660$1,146$773$511$333$83
34 years$1,594$1,086$722$470$301$71
35 years$1,531$1,030$675$433$273$61
36 years$1,472$978$631$398$247$53
37 years$1,417$929$591$367$224$45
38 years$1,364$883$553$338$203$39
39 years$1,314$839$518$312$184$34
40 years$1,267$798$486$288$167$29
41 years$1,223$760$456$266$152$25
42 years$1,180$724$427$245$137$21
43 years$1,140$690$401$226$125$18
44 years$1,101$657$376$209$113$16
45 years$1,065$627$353$193$103$14
46 years$1,030$598$332$178$93$12
47 years$997$571$312$165$85$10
48 years$965$545$293$152$77$9
49 years$934$520$276$141$70$7
50 years$905$497$259$130$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $927,000, adding $4,280 every year, while hoping to spend $56,970 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: 62/27/11 Blend
60$927,000$927,000$927,000$927,000
61$1,025,969$976,838$962,469$1,086,717
62$1,070,002$964,087$934,096$1,115,178
63$1,116,617$948,802$902,864$1,139,301
64$1,166,018$930,799$868,615$1,164,218
65$1,218,425$909,882$831,187$1,190,009
66$1,274,083$885,845$790,410$1,216,760
67$1,333,256$858,468$746,106$1,244,572
68$1,396,235$827,520$698,087$1,273,557
69$1,463,338$792,755$646,161$1,303,839
70$1,534,913$753,915$590,122$1,335,560
71$1,611,342$710,725$529,758$1,368,881
72$1,693,043$662,894$464,849$1,403,978
73$1,780,473$610,115$395,161$1,441,051
74$1,874,135$552,065$320,453$1,480,326
75$1,974,581$488,400$240,472$1,522,052
76$2,082,414$418,758$154,954$1,566,510
77$2,198,299$342,756$63,624$1,614,015
78$2,322,964$259,989$0$1,664,916
79$2,457,209$170,031$0$1,723,578
80$2,601,911$72,429$0$1,794,692
81$2,758,036$0$0$1,871,308
82$2,926,644$0$0$1,963,898
83$3,108,900$0$0$2,087,297
84$3,306,083$0$0$2,220,861
85$3,519,601$0$0$2,365,548
86$3,751,002$0$0$2,522,416
87$4,001,986$0$0$2,692,626
88$4,274,424$0$0$2,877,453
89$4,570,375$0$0$3,078,304
90$4,892,102$0$0$3,296,723
91$5,242,094$0$0$3,534,410
92$5,623,092$0$0$3,793,237
93$6,038,110$0$0$4,075,260
94$6,490,466$0$0$4,382,746
95$6,983,811$0$0$4,718,188
96$7,522,164$0$0$5,084,329
97$8,109,949$0$0$5,484,190
98$8,752,033$0$0$5,921,097
99$9,453,779$0$0$6,398,711
100$10,221,087$0$0$6,921,061