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%11.1%
1 years$76,551$75,869$75,204$74,554$73,920$73,578
2 years$37,896$37,191$36,507$35,843$35,200$34,855
3 years$25,013$24,304$23,622$22,965$22,332$21,994
4 years$18,573$17,866$17,191$16,545$15,928$15,600
5 years$14,710$14,007$13,341$12,708$12,108$11,791
6 years$12,135$11,438$10,781$10,163$9,581$9,275
7 years$10,297$9,606$8,959$8,355$7,792$7,498
8 years$8,919$8,234$7,598$7,009$6,464$6,182
9 years$7,848$7,169$6,544$5,970$5,444$5,173
10 years$6,991$6,319$5,706$5,146$4,638$4,379
11 years$6,291$5,626$5,023$4,479$3,989$3,741
12 years$5,708$5,049$4,458$3,929$3,457$3,220
13 years$5,215$4,563$3,983$3,468$3,014$2,788
14 years$4,792$4,148$3,579$3,079$2,642$2,427
15 years$4,427$3,789$3,231$2,746$2,327$2,122
16 years$4,107$3,476$2,929$2,459$2,056$1,861
17 years$3,825$3,202$2,666$2,209$1,823$1,638
18 years$3,575$2,958$2,433$1,991$1,621$1,445
19 years$3,352$2,742$2,228$1,799$1,445$1,278
20 years$3,151$2,548$2,044$1,629$1,291$1,133
21 years$2,969$2,373$1,880$1,479$1,155$1,006
22 years$2,804$2,215$1,733$1,344$1,035$894
23 years$2,654$2,072$1,600$1,224$929$796
24 years$2,516$1,941$1,480$1,117$835$710
25 years$2,390$1,822$1,371$1,020$752$633
26 years$2,273$1,712$1,271$932$677$566
27 years$2,166$1,611$1,180$854$610$506
28 years$2,066$1,518$1,097$782$551$452
29 years$1,973$1,432$1,021$717$497$405
30 years$1,887$1,353$951$658$449$363
31 years$1,806$1,279$887$604$406$325
32 years$1,731$1,210$827$555$368$291
33 years$1,660$1,146$773$511$333$261
34 years$1,594$1,086$722$470$301$234
35 years$1,531$1,030$675$433$273$210
36 years$1,472$978$631$398$247$189
37 years$1,417$929$591$367$224$170
38 years$1,364$883$553$338$203$152
39 years$1,314$839$518$312$184$137
40 years$1,267$798$486$288$167$123
41 years$1,223$760$456$266$152$111
42 years$1,180$724$427$245$137$99
43 years$1,140$690$401$226$125$89
44 years$1,101$657$376$209$113$80
45 years$1,065$627$353$193$103$72
46 years$1,030$598$332$178$93$65
47 years$997$571$312$165$85$58
48 years$965$545$293$152$77$53
49 years$934$520$276$141$70$47
50 years$905$497$259$130$64$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $927,000, adding $5,415 every year, while hoping to spend $25,292 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: 47/47/6 Blend
60$927,000$927,000$927,000$927,000
61$1,027,140$978,009$963,640$1,073,532
62$1,104,997$999,021$969,012$1,126,922
63$1,189,949$1,020,214$973,715$1,181,724
64$1,282,691$1,041,572$977,702$1,240,600
65$1,383,991$1,063,075$980,921$1,303,934
66$1,494,693$1,084,701$983,317$1,372,150
67$1,615,728$1,106,427$984,833$1,445,714
68$1,748,118$1,128,227$985,411$1,525,141
69$1,892,990$1,150,075$984,987$1,610,996
70$2,051,587$1,171,940$983,495$1,703,904
71$2,225,273$1,193,790$980,867$1,804,552
72$2,415,556$1,215,590$977,031$1,913,699
73$2,624,091$1,237,303$971,910$2,032,179
74$2,852,704$1,258,887$965,425$2,160,914
75$3,103,406$1,280,298$957,493$2,300,917
76$3,378,412$1,301,491$948,027$2,453,307
77$3,680,159$1,322,413$936,935$2,619,317
78$4,011,334$1,343,010$924,121$2,800,305
79$4,374,897$1,363,225$909,486$2,997,769
80$4,774,107$1,382,993$892,925$3,213,361
81$5,212,556$1,402,249$874,327$3,448,899
82$5,694,198$1,420,921$853,578$3,706,392
83$6,223,391$1,438,931$830,558$3,988,049
84$6,804,936$1,456,198$805,141$4,296,310
85$7,444,121$1,472,634$777,196$4,633,863
86$8,146,774$1,488,145$746,584$5,003,670
87$8,919,313$1,502,632$713,162$5,408,999
88$9,768,810$1,515,988$676,780$5,853,451
89$10,703,057$1,528,100$637,281$6,340,995
90$11,730,639$1,538,847$594,500$6,876,010
91$12,861,014$1,548,101$548,266$7,463,319
92$14,104,604$1,555,724$498,399$8,108,243
93$15,472,891$1,561,571$444,713$8,816,644
94$16,978,525$1,565,488$387,010$9,594,987
95$18,635,448$1,567,310$325,088$10,450,399
96$20,459,018$1,566,862$258,733$11,390,735
97$22,466,158$1,563,960$187,721$12,424,657
98$24,675,517$1,558,404$111,821$13,561,710
99$27,107,642$1,549,988$30,789$14,812,419
100$29,785,173$1,538,489$0$16,188,386