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%17.4%
1 years$77,129$76,442$75,772$75,117$74,478$72,239
2 years$38,183$37,471$36,782$36,114$35,466$33,229
3 years$25,202$24,488$23,801$23,139$22,501$20,336
4 years$18,713$18,001$17,321$16,670$16,048$13,972
5 years$14,821$14,113$13,442$12,804$12,199$10,218
6 years$12,227$11,525$10,863$10,240$9,653$7,767
7 years$10,375$9,678$9,027$8,419$7,850$6,061
8 years$8,986$8,296$7,656$7,062$6,513$4,818
9 years$7,907$7,223$6,594$6,015$5,485$3,884
10 years$7,044$6,367$5,749$5,185$4,673$3,163
11 years$6,338$5,668$5,061$4,513$4,019$2,597
12 years$5,751$5,087$4,492$3,958$3,483$2,147
13 years$5,254$4,597$4,013$3,495$3,037$1,783
14 years$4,828$4,179$3,606$3,102$2,662$1,488
15 years$4,460$3,818$3,255$2,767$2,344$1,245
16 years$4,138$3,503$2,951$2,477$2,072$1,046
17 years$3,854$3,226$2,686$2,226$1,837$880
18 years$3,602$2,981$2,452$2,006$1,633$742
19 years$3,377$2,763$2,244$1,812$1,456$626
20 years$3,174$2,567$2,060$1,641$1,300$530
21 years$2,991$2,391$1,895$1,490$1,164$448
22 years$2,825$2,232$1,746$1,355$1,043$380
23 years$2,674$2,088$1,612$1,234$936$322
24 years$2,535$1,956$1,491$1,125$842$273
25 years$2,408$1,836$1,381$1,028$757$232
26 years$2,291$1,725$1,281$940$682$197
27 years$2,182$1,624$1,189$860$615$168
28 years$2,082$1,530$1,106$788$555$142
29 years$1,988$1,443$1,029$723$501$121
30 years$1,901$1,363$958$663$453$103
31 years$1,820$1,288$894$609$409$88
32 years$1,744$1,219$834$560$370$75
33 years$1,673$1,155$778$515$335$63
34 years$1,606$1,094$727$474$303$54
35 years$1,543$1,038$680$436$275$46
36 years$1,483$985$636$401$249$39
37 years$1,427$936$595$370$226$33
38 years$1,374$889$558$341$205$28
39 years$1,324$846$522$314$186$24
40 years$1,277$804$490$290$168$21
41 years$1,232$766$459$268$153$18
42 years$1,189$729$431$247$139$15
43 years$1,148$695$404$228$126$13
44 years$1,110$662$379$210$114$11
45 years$1,073$632$356$194$104$9
46 years$1,038$603$335$180$94$8
47 years$1,004$575$314$166$85$7
48 years$972$549$295$153$78$6
49 years$941$524$278$142$70$5
50 years$912$501$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 $934,000, adding $6,473 every year, while hoping to spend $40,539 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: 46/49/5 Blend
60$934,000$934,000$934,000$934,000
61$1,035,945$986,443$971,966$1,081,924
62$1,098,478$991,645$961,394$1,119,368
63$1,166,031$995,744$949,108$1,155,182
64$1,239,073$998,642$935,010$1,193,072
65$1,318,119$1,000,237$918,994$1,233,239
66$1,403,737$1,000,418$900,950$1,275,909
67$1,496,550$999,070$880,764$1,321,334
68$1,597,243$996,070$858,314$1,369,790
69$1,706,570$991,286$833,476$1,421,586
70$1,825,361$984,579$806,118$1,477,065
71$1,954,527$975,802$776,102$1,536,606
72$2,095,071$964,800$743,284$1,600,630
73$2,248,099$951,405$707,514$1,669,604
74$2,414,824$935,443$668,635$1,744,045
75$2,596,584$916,727$626,482$1,824,527
76$2,794,850$895,061$580,884$1,911,687
77$3,011,241$870,236$531,660$2,006,229
78$3,247,541$842,031$478,624$2,108,933
79$3,505,712$810,212$421,580$2,220,664
80$3,787,914$774,532$360,322$2,342,380
81$4,096,527$734,730$294,638$2,475,141
82$4,434,169$690,527$224,305$2,620,121
83$4,803,723$641,633$149,089$2,778,620
84$5,208,367$587,736$68,747$2,952,076
85$5,651,595$528,511$0$3,142,080
86$6,137,261$463,611$0$3,351,301
87$6,669,604$392,670$0$3,584,752
88$7,253,296$315,303$0$3,840,932
89$7,893,481$231,102$0$4,122,238
90$8,595,827$139,637$0$4,431,322
91$9,366,573$40,451$0$4,771,115
92$10,212,596$0$0$5,144,853
93$11,141,468$0$0$5,592,208
94$12,161,532$0$0$6,107,546
95$13,281,977$0$0$6,673,714
96$14,512,925$0$0$7,295,843
97$15,865,531$0$0$7,979,582
98$17,352,079$0$0$8,731,160
99$18,986,106$0$0$9,557,434
100$20,782,523$0$0$10,465,963