Can I retire at age 61 with 934,000?

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 $934,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$77,129$76,442$75,772$75,117$74,478$73,548
2 years$38,183$37,471$36,782$36,114$35,466$34,529
3 years$25,202$24,488$23,801$23,139$22,501$21,588
4 years$18,713$18,001$17,321$16,670$16,048$15,165
5 years$14,821$14,113$13,442$12,804$12,199$11,349
6 years$12,227$11,525$10,863$10,240$9,653$8,837
7 years$10,375$9,678$9,027$8,419$7,850$7,069
8 years$8,986$8,296$7,656$7,062$6,513$5,765
9 years$7,907$7,223$6,594$6,015$5,485$4,771
10 years$7,044$6,367$5,749$5,185$4,673$3,993
11 years$6,338$5,668$5,061$4,513$4,019$3,372
12 years$5,751$5,087$4,492$3,958$3,483$2,867
13 years$5,254$4,597$4,013$3,495$3,037$2,453
14 years$4,828$4,179$3,606$3,102$2,662$2,108
15 years$4,460$3,818$3,255$2,767$2,344$1,820
16 years$4,138$3,503$2,951$2,477$2,072$1,576
17 years$3,854$3,226$2,686$2,226$1,837$1,369
18 years$3,602$2,981$2,452$2,006$1,633$1,192
19 years$3,377$2,763$2,244$1,812$1,456$1,040
20 years$3,174$2,567$2,060$1,641$1,300$909
21 years$2,991$2,391$1,895$1,490$1,164$795
22 years$2,825$2,232$1,746$1,355$1,043$697
23 years$2,674$2,088$1,612$1,234$936$612
24 years$2,535$1,956$1,491$1,125$842$538
25 years$2,408$1,836$1,381$1,028$757$473
26 years$2,291$1,725$1,281$940$682$416
27 years$2,182$1,624$1,189$860$615$366
28 years$2,082$1,530$1,106$788$555$323
29 years$1,988$1,443$1,029$723$501$284
30 years$1,901$1,363$958$663$453$251
31 years$1,820$1,288$894$609$409$221
32 years$1,744$1,219$834$560$370$195
33 years$1,673$1,155$778$515$335$172
34 years$1,606$1,094$727$474$303$152
35 years$1,543$1,038$680$436$275$135
36 years$1,483$985$636$401$249$119
37 years$1,427$936$595$370$226$105
38 years$1,374$889$558$341$205$93
39 years$1,324$846$522$314$186$82
40 years$1,277$804$490$290$168$73
41 years$1,232$766$459$268$153$64
42 years$1,189$729$431$247$139$57
43 years$1,148$695$404$228$126$50
44 years$1,110$662$379$210$114$44
45 years$1,073$632$356$194$104$39
46 years$1,038$603$335$180$94$35
47 years$1,004$575$314$166$85$31
48 years$972$549$295$153$78$27
49 years$941$524$278$142$70$24
50 years$912$501$261$131$64$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $934,000, adding $5,925 every year, while hoping to spend $21,691 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: 54/38/8 Blend
60$934,000$934,000$934,000$934,000
61$1,035,380$985,878$971,401$1,088,973
62$1,117,909$1,011,107$980,864$1,151,153
63$1,208,130$1,036,845$989,916$1,215,906
64$1,306,803$1,063,094$998,523$1,285,857
65$1,414,768$1,089,856$1,006,644$1,361,503
66$1,532,947$1,117,132$1,014,239$1,443,390
67$1,662,357$1,144,921$1,021,266$1,532,121
68$1,804,118$1,173,223$1,027,679$1,628,357
69$1,959,463$1,202,036$1,033,431$1,732,827
70$2,129,750$1,231,358$1,038,473$1,846,336
71$2,316,475$1,261,184$1,042,752$1,969,766
72$2,521,284$1,291,511$1,046,213$2,104,093
73$2,745,993$1,322,333$1,048,799$2,250,388
74$2,992,600$1,353,642$1,050,449$2,409,834
75$3,263,305$1,385,431$1,051,099$2,583,731
76$3,560,534$1,417,690$1,050,683$2,773,514
77$3,886,959$1,450,406$1,049,131$2,980,762
78$4,245,521$1,483,569$1,046,369$3,207,214
79$4,639,463$1,517,162$1,042,321$3,454,788
80$5,072,355$1,551,170$1,036,905$3,725,596
81$5,548,131$1,585,573$1,030,038$4,021,964
82$6,071,126$1,620,352$1,021,630$4,346,457
83$6,646,115$1,655,483$1,011,588$4,701,898
84$7,278,358$1,690,941$999,816$5,091,400
85$7,973,652$1,726,698$986,211$5,518,394
86$8,738,382$1,762,724$970,667$5,986,659
87$9,579,584$1,798,985$953,071$6,500,357
88$10,505,010$1,835,444$933,308$7,064,080
89$11,523,201$1,872,061$911,254$7,682,882
90$12,643,568$1,908,792$886,781$8,362,337
91$13,876,481$1,945,592$859,757$9,108,586
92$15,233,363$1,982,407$830,040$9,928,394
93$16,726,804$2,019,183$797,484$10,829,220
94$18,370,674$2,055,859$761,937$11,819,280
95$20,180,258$2,092,371$723,237$12,907,632
96$22,172,397$2,128,650$681,217$14,104,255
97$24,365,647$2,164,619$635,703$15,420,149
98$26,780,456$2,200,198$586,512$16,867,433
99$29,439,354$2,235,300$533,453$18,459,466
100$32,367,171$2,269,832$476,326$20,210,967