Can I retire at age 61 with 933,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$77,046$76,360$75,690$75,037$74,399$73,076
2 years$38,142$37,431$36,743$36,075$35,428$34,100
3 years$25,175$24,462$23,775$23,114$22,477$21,185
4 years$18,693$17,982$17,302$16,652$16,031$14,785
5 years$14,805$14,098$13,427$12,791$12,186$10,990
6 years$12,214$11,512$10,851$10,229$9,643$8,497
7 years$10,364$9,668$9,017$8,410$7,842$6,747
8 years$8,977$8,287$7,647$7,055$6,506$5,462
9 years$7,898$7,215$6,587$6,009$5,479$4,485
10 years$7,036$6,360$5,742$5,180$4,668$3,724
11 years$6,332$5,662$5,056$4,508$4,015$3,119
12 years$5,745$5,082$4,487$3,954$3,479$2,631
13 years$5,248$4,593$4,009$3,491$3,034$2,231
14 years$4,823$4,175$3,602$3,099$2,659$1,901
15 years$4,455$3,814$3,252$2,764$2,342$1,626
16 years$4,134$3,499$2,948$2,474$2,070$1,396
17 years$3,850$3,222$2,683$2,223$1,835$1,201
18 years$3,598$2,978$2,449$2,004$1,632$1,036
19 years$3,373$2,760$2,242$1,810$1,454$895
20 years$3,171$2,564$2,058$1,640$1,299$775
21 years$2,988$2,389$1,893$1,488$1,162$672
22 years$2,822$2,230$1,744$1,353$1,042$583
23 years$2,671$2,085$1,611$1,232$935$507
24 years$2,533$1,954$1,490$1,124$841$440
25 years$2,405$1,834$1,380$1,026$756$383
26 years$2,288$1,723$1,279$938$681$334
27 years$2,180$1,622$1,188$859$614$291
28 years$2,079$1,528$1,105$787$554$254
29 years$1,986$1,442$1,028$722$501$221
30 years$1,899$1,362$957$662$452$193
31 years$1,818$1,287$893$608$409$169
32 years$1,742$1,218$833$559$370$147
33 years$1,671$1,153$778$514$335$128
34 years$1,604$1,093$727$473$303$112
35 years$1,541$1,037$679$435$275$98
36 years$1,482$984$635$401$249$86
37 years$1,426$935$595$370$225$75
38 years$1,373$888$557$341$204$65
39 years$1,323$845$522$314$185$57
40 years$1,276$804$489$290$168$50
41 years$1,231$765$459$267$153$44
42 years$1,188$728$430$247$138$38
43 years$1,147$694$404$228$126$33
44 years$1,109$662$379$210$114$29
45 years$1,072$631$356$194$103$26
46 years$1,037$602$334$179$94$22
47 years$1,003$574$314$166$85$20
48 years$971$548$295$153$77$17
49 years$940$524$277$141$70$15
50 years$911$500$261$131$64$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $933,000, adding $4,273 every year, while hoping to spend $48,142 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: 29/45/26 Blend
60$933,000$933,000$933,000$933,000
61$1,032,574$983,125$968,663$1,054,097
62$1,086,673$980,075$949,891$1,068,259
63$1,144,678$975,262$928,876$1,078,975
64$1,206,934$968,550$905,492$1,089,519
65$1,273,824$959,791$879,609$1,099,910
66$1,345,766$948,833$851,088$1,110,171
67$1,423,220$935,511$819,784$1,120,334
68$1,506,689$919,652$785,548$1,130,437
69$1,596,729$901,072$748,222$1,140,529
70$1,693,948$879,578$707,640$1,150,668
71$1,799,016$854,962$663,631$1,160,924
72$1,912,667$827,007$616,014$1,171,382
73$2,035,711$795,482$564,602$1,182,141
74$2,169,035$760,143$509,199$1,193,317
75$2,313,618$720,731$449,598$1,205,044
76$2,470,533$676,973$385,586$1,217,480
77$2,640,963$628,580$316,938$1,230,806
78$2,826,208$575,247$243,422$1,245,231
79$3,027,697$516,650$164,793$1,260,994
80$3,247,004$452,448$80,795$1,278,368
81$3,485,861$382,280$0$1,297,664
82$3,746,173$305,766$0$1,321,692
83$4,030,036$222,502$0$1,372,480
84$4,339,759$132,064$0$1,428,124
85$4,677,881$34,001$0$1,489,226
86$5,047,198$0$0$1,556,453
87$5,450,790$0$0$1,666,285
88$5,892,044$0$0$1,804,918
89$6,374,693$0$0$1,956,703
90$6,902,844$0$0$2,122,953
91$7,481,021$0$0$2,305,111
92$8,114,206$0$0$2,504,766
93$8,807,884$0$0$2,723,668
94$9,568,098$0$0$2,963,745
95$10,401,501$0$0$3,227,122
96$11,315,420$0$0$3,516,137
97$12,317,928$0$0$3,833,367
98$13,417,914$0$0$4,181,650
99$14,625,171$0$0$4,564,112
100$15,950,485$0$0$4,984,197