Can I retire at age 61 with 933,000?

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 $933,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$77,046$76,360$75,690$75,037$74,399$72,133
2 years$38,142$37,431$36,743$36,075$35,428$33,164
3 years$25,175$24,462$23,775$23,114$22,477$20,287
4 years$18,693$17,982$17,302$16,652$16,031$13,931
5 years$14,805$14,098$13,427$12,791$12,186$10,183
6 years$12,214$11,512$10,851$10,229$9,643$7,737
7 years$10,364$9,668$9,017$8,410$7,842$6,034
8 years$8,977$8,287$7,647$7,055$6,506$4,794
9 years$7,898$7,215$6,587$6,009$5,479$3,861
10 years$7,036$6,360$5,742$5,180$4,668$3,143
11 years$6,332$5,662$5,056$4,508$4,015$2,579
12 years$5,745$5,082$4,487$3,954$3,479$2,130
13 years$5,248$4,593$4,009$3,491$3,034$1,769
14 years$4,823$4,175$3,602$3,099$2,659$1,474
15 years$4,455$3,814$3,252$2,764$2,342$1,233
16 years$4,134$3,499$2,948$2,474$2,070$1,035
17 years$3,850$3,222$2,683$2,223$1,835$870
18 years$3,598$2,978$2,449$2,004$1,632$733
19 years$3,373$2,760$2,242$1,810$1,454$618
20 years$3,171$2,564$2,058$1,640$1,299$522
21 years$2,988$2,389$1,893$1,488$1,162$442
22 years$2,822$2,230$1,744$1,353$1,042$374
23 years$2,671$2,085$1,611$1,232$935$317
24 years$2,533$1,954$1,490$1,124$841$269
25 years$2,405$1,834$1,380$1,026$756$228
26 years$2,288$1,723$1,279$938$681$194
27 years$2,180$1,622$1,188$859$614$164
28 years$2,079$1,528$1,105$787$554$140
29 years$1,986$1,442$1,028$722$501$119
30 years$1,899$1,362$957$662$452$101
31 years$1,818$1,287$893$608$409$86
32 years$1,742$1,218$833$559$370$73
33 years$1,671$1,153$778$514$335$62
34 years$1,604$1,093$727$473$303$53
35 years$1,541$1,037$679$435$275$45
36 years$1,482$984$635$401$249$38
37 years$1,426$935$595$370$225$32
38 years$1,373$888$557$341$204$28
39 years$1,323$845$522$314$185$23
40 years$1,276$804$489$290$168$20
41 years$1,231$765$459$267$153$17
42 years$1,188$728$430$247$138$14
43 years$1,147$694$404$228$126$12
44 years$1,109$662$379$210$114$10
45 years$1,072$631$356$194$103$9
46 years$1,037$602$334$179$94$8
47 years$1,003$574$314$166$85$6
48 years$971$548$295$153$77$5
49 years$940$524$277$141$70$5
50 years$911$500$261$131$64$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $933,000, adding $6,390 every year, while hoping to spend $28,289 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: 79/8/13 Blend
60$933,000$933,000$933,000$933,000
61$1,034,757$985,308$970,847$1,113,379
62$1,110,203$1,003,489$973,271$1,184,172
63$1,192,397$1,021,613$974,828$1,257,542
64$1,281,996$1,039,646$975,459$1,337,230
65$1,379,725$1,057,555$975,103$1,423,856
66$1,486,382$1,075,300$973,694$1,518,102
67$1,602,845$1,092,842$971,165$1,620,720
68$1,730,080$1,110,136$967,444$1,732,538
69$1,869,151$1,127,135$962,456$1,854,468
70$2,021,229$1,143,789$956,123$1,987,516
71$2,187,604$1,160,044$948,362$2,132,788
72$2,369,695$1,175,843$939,088$2,291,504
73$2,569,067$1,191,122$928,211$2,465,009
74$2,787,442$1,205,817$915,636$2,654,784
75$3,026,715$1,219,856$901,264$2,862,460
76$3,288,975$1,233,164$884,991$3,089,835
77$3,576,522$1,245,660$866,710$3,338,890
78$3,891,889$1,257,259$846,306$3,611,808
79$4,237,866$1,267,870$823,662$3,910,995
80$4,617,526$1,277,393$798,652$4,239,102
81$5,034,255$1,285,726$771,148$4,599,049
82$5,491,781$1,292,759$741,014$4,994,055
83$5,994,211$1,298,373$708,107$5,427,667
84$6,546,071$1,302,444$672,278$5,903,795
85$7,152,345$1,304,838$633,374$6,426,746
86$7,818,524$1,305,415$591,232$7,001,266
87$8,550,657$1,304,024$545,682$7,632,587
88$9,355,409$1,300,506$496,547$8,326,474
89$10,240,122$1,294,692$443,643$9,089,281
90$11,212,886$1,286,403$386,776$9,928,008
91$12,282,612$1,275,449$325,745$10,850,372
92$13,459,119$1,261,627$260,338$11,864,875
93$14,753,226$1,244,723$190,337$12,980,888
94$16,176,852$1,224,512$115,510$14,208,740
95$17,743,131$1,200,752$35,619$15,559,810
96$19,466,531$1,173,190$0$17,046,641
97$21,362,996$1,141,555$0$18,689,941
98$23,450,093$1,105,563$0$20,503,778
99$25,747,179$1,064,912$0$22,500,032
100$28,275,581$1,019,282$0$24,697,243