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%14%
1 years$76,964$76,278$75,609$74,956$74,319$73,088
2 years$38,101$37,391$36,704$36,037$35,390$34,153
3 years$25,148$24,436$23,750$23,089$22,453$21,249
4 years$18,673$17,963$17,284$16,634$16,014$14,852
5 years$14,789$14,083$13,413$12,777$12,173$11,057
6 years$12,201$11,500$10,840$10,218$9,632$8,563
7 years$10,353$9,658$9,008$8,401$7,834$6,811
8 years$8,967$8,278$7,639$7,047$6,499$5,523
9 years$7,890$7,208$6,580$6,002$5,473$4,544
10 years$7,029$6,353$5,736$5,174$4,663$3,780
11 years$6,325$5,656$5,050$4,503$4,010$3,172
12 years$5,738$5,076$4,482$3,950$3,475$2,680
13 years$5,243$4,588$4,004$3,487$3,031$2,278
14 years$4,818$4,170$3,598$3,095$2,657$1,945
15 years$4,450$3,809$3,248$2,761$2,339$1,667
16 years$4,129$3,495$2,945$2,472$2,067$1,434
17 years$3,846$3,219$2,680$2,221$1,833$1,236
18 years$3,594$2,974$2,446$2,001$1,630$1,069
19 years$3,370$2,757$2,240$1,809$1,453$926
20 years$3,168$2,562$2,055$1,638$1,298$803
21 years$2,985$2,386$1,891$1,487$1,161$698
22 years$2,819$2,227$1,742$1,352$1,041$607
23 years$2,668$2,083$1,609$1,231$934$528
24 years$2,530$1,952$1,488$1,123$840$461
25 years$2,403$1,832$1,378$1,025$756$402
26 years$2,286$1,721$1,278$937$681$351
27 years$2,178$1,620$1,187$858$614$306
28 years$2,077$1,527$1,103$786$554$268
29 years$1,984$1,440$1,027$721$500$234
30 years$1,897$1,360$956$662$452$205
31 years$1,816$1,286$892$608$408$179
32 years$1,740$1,217$832$558$369$157
33 years$1,669$1,152$777$514$334$137
34 years$1,602$1,092$726$473$303$120
35 years$1,539$1,036$679$435$274$105
36 years$1,480$983$635$401$248$92
37 years$1,424$934$594$369$225$81
38 years$1,372$887$556$340$204$71
39 years$1,322$844$521$314$185$62
40 years$1,274$803$489$289$168$54
41 years$1,229$764$458$267$152$48
42 years$1,187$728$430$246$138$42
43 years$1,146$693$403$227$125$37
44 years$1,107$661$379$210$114$32
45 years$1,071$630$355$194$103$28
46 years$1,035$601$334$179$94$25
47 years$1,002$574$314$166$85$22
48 years$970$548$295$153$77$19
49 years$939$523$277$141$70$17
50 years$910$500$260$131$64$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $932,000, adding $6,388 every year, while hoping to spend $29,873 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: 50/33/17 Blend
60$932,000$932,000$932,000$932,000
61$1,033,653$984,257$969,811$1,080,174
62$1,107,301$1,000,701$970,515$1,129,366
63$1,187,460$1,016,950$970,242$1,179,184
64$1,274,762$1,032,962$968,926$1,232,674
65$1,369,904$1,048,693$966,501$1,290,195
66$1,473,652$1,064,096$962,896$1,352,138
67$1,586,848$1,079,121$958,037$1,418,939
68$1,710,421$1,093,712$951,846$1,491,077
69$1,845,393$1,107,813$944,242$1,569,079
70$1,992,888$1,121,360$935,138$1,653,530
71$2,154,144$1,134,288$924,447$1,745,072
72$2,330,524$1,146,526$912,074$1,844,417
73$2,523,530$1,157,999$897,921$1,952,347
74$2,734,815$1,168,625$881,886$2,069,729
75$2,966,198$1,178,319$863,861$2,197,516
76$3,219,683$1,186,990$843,733$2,336,761
77$3,497,478$1,194,541$821,386$2,488,626
78$3,802,015$1,200,867$796,696$2,654,394
79$4,135,969$1,205,858$769,534$2,835,478
80$4,502,291$1,209,398$739,766$3,033,440
81$4,904,227$1,211,361$707,251$3,250,002
82$5,345,356$1,211,616$671,842$3,487,062
83$5,829,619$1,210,021$633,385$3,746,718
84$6,361,356$1,206,428$591,720$4,031,281
85$6,945,350$1,200,679$546,677$4,343,301
86$7,586,867$1,192,604$498,083$4,685,593
87$8,291,712$1,182,025$445,753$5,061,260
88$9,066,277$1,168,755$389,496$5,473,726
89$9,917,605$1,152,592$329,112$5,926,767
90$10,853,455$1,133,323$264,392$6,424,548
91$11,882,376$1,110,725$195,118$6,971,663
92$13,013,786$1,084,558$121,062$7,573,180
93$14,258,061$1,054,570$41,986$8,234,687
94$15,626,634$1,020,495$0$8,962,346
95$17,132,100$982,048$0$9,770,647
96$18,788,337$938,931$0$10,668,021
97$20,610,636$890,828$0$11,655,161
98$22,615,845$837,403$0$12,741,232
99$24,822,528$778,302$0$13,936,341
100$27,251,139$713,152$0$15,251,628