Can I retire at age 61 with 932,000?

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 $932,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$76,964$76,278$75,609$74,956$74,319$73,239
2 years$38,101$37,391$36,704$36,037$35,390$34,304
3 years$25,148$24,436$23,750$23,089$22,453$21,395
4 years$18,673$17,963$17,284$16,634$16,014$14,991
5 years$14,789$14,083$13,413$12,777$12,173$11,190
6 years$12,201$11,500$10,840$10,218$9,632$8,689
7 years$10,353$9,658$9,008$8,401$7,834$6,931
8 years$8,967$8,278$7,639$7,047$6,499$5,637
9 years$7,890$7,208$6,580$6,002$5,473$4,651
10 years$7,029$6,353$5,736$5,174$4,663$3,881
11 years$6,325$5,656$5,050$4,503$4,010$3,267
12 years$5,738$5,076$4,482$3,950$3,475$2,769
13 years$5,243$4,588$4,004$3,487$3,031$2,361
14 years$4,818$4,170$3,598$3,095$2,657$2,023
15 years$4,450$3,809$3,248$2,761$2,339$1,740
16 years$4,129$3,495$2,945$2,472$2,067$1,502
17 years$3,846$3,219$2,680$2,221$1,833$1,299
18 years$3,594$2,974$2,446$2,001$1,630$1,127
19 years$3,370$2,757$2,240$1,809$1,453$980
20 years$3,168$2,562$2,055$1,638$1,298$853
21 years$2,985$2,386$1,891$1,487$1,161$744
22 years$2,819$2,227$1,742$1,352$1,041$650
23 years$2,668$2,083$1,609$1,231$934$568
24 years$2,530$1,952$1,488$1,123$840$497
25 years$2,403$1,832$1,378$1,025$756$435
26 years$2,286$1,721$1,278$937$681$382
27 years$2,178$1,620$1,187$858$614$335
28 years$2,077$1,527$1,103$786$554$294
29 years$1,984$1,440$1,027$721$500$258
30 years$1,897$1,360$956$662$452$226
31 years$1,816$1,286$892$608$408$199
32 years$1,740$1,217$832$558$369$175
33 years$1,669$1,152$777$514$334$154
34 years$1,602$1,092$726$473$303$135
35 years$1,539$1,036$679$435$274$119
36 years$1,480$983$635$401$248$105
37 years$1,424$934$594$369$225$92
38 years$1,372$887$556$340$204$81
39 years$1,322$844$521$314$185$71
40 years$1,274$803$489$289$168$63
41 years$1,229$764$458$267$152$55
42 years$1,187$728$430$246$138$49
43 years$1,146$693$403$227$125$43
44 years$1,107$661$379$210$114$38
45 years$1,071$630$355$194$103$33
46 years$1,035$601$334$179$94$29
47 years$1,002$574$314$166$85$26
48 years$970$548$295$153$77$23
49 years$939$523$277$141$70$20
50 years$910$500$260$131$64$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $932,000, adding $3,431 every year, while hoping to spend $30,519 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: 55/36/9 Blend
60$932,000$932,000$932,000$932,000
61$1,030,603$981,207$966,761$1,084,843
62$1,103,253$996,814$966,676$1,137,526
63$1,182,290$1,012,163$965,564$1,191,202
64$1,268,333$1,027,209$963,361$1,248,911
65$1,362,065$1,041,904$959,995$1,311,042
66$1,464,235$1,056,197$955,394$1,378,022
67$1,575,668$1,070,032$949,481$1,450,325
68$1,697,273$1,083,350$942,175$1,528,472
69$1,830,049$1,096,089$933,393$1,613,036
70$1,975,098$1,108,181$923,045$1,704,651
71$2,133,631$1,119,555$911,040$1,804,017
72$2,306,982$1,130,133$897,281$1,911,904
73$2,496,620$1,139,836$881,666$2,029,163
74$2,704,162$1,148,575$864,088$2,156,730
75$2,931,390$1,156,258$844,438$2,295,640
76$3,180,264$1,162,787$822,599$2,447,034
77$3,452,944$1,168,057$798,450$2,612,171
78$3,751,808$1,171,956$771,862$2,792,437
79$4,079,477$1,174,366$742,704$2,989,364
80$4,438,835$1,175,162$710,836$3,204,640
81$4,833,060$1,174,209$676,113$3,440,128
82$5,265,653$1,171,365$638,383$3,697,880
83$5,740,467$1,166,480$597,487$3,980,162
84$6,261,751$1,159,393$553,258$4,289,473
85$6,834,182$1,149,936$505,525$4,628,567
86$7,462,913$1,137,928$454,105$5,000,484
87$8,153,622$1,123,178$398,809$5,408,575
88$8,912,563$1,105,485$339,440$5,856,535
89$9,746,624$1,084,633$275,791$6,348,440
90$10,663,396$1,060,397$207,647$6,888,787
91$11,671,242$1,032,535$134,782$7,482,530
92$12,779,373$1,000,794$56,962$8,135,136
93$13,997,940$964,905$0$8,852,633
94$15,338,126$924,581$0$9,644,173
95$16,812,252$879,522$0$10,520,579
96$18,433,891$829,408$0$11,484,484
97$20,218,002$773,903$0$12,544,824
98$22,181,063$712,650$0$13,711,455
99$24,341,233$645,271$0$14,995,238
100$26,718,518$571,368$0$16,408,149