Can I retire at age 61 with 935,000?

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 $935,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$77,211$76,524$75,853$75,198$74,558$74,151
2 years$38,223$37,512$36,822$36,153$35,504$35,093
3 years$25,229$24,514$23,826$23,163$22,525$22,123
4 years$18,733$18,021$17,339$16,688$16,065$15,675
5 years$14,837$14,128$13,456$12,818$12,212$11,836
6 years$12,240$11,537$10,874$10,251$9,663$9,300
7 years$10,386$9,689$9,037$8,428$7,859$7,510
8 years$8,996$8,305$7,664$7,070$6,520$6,185
9 years$7,915$7,231$6,601$6,022$5,491$5,169
10 years$7,051$6,374$5,755$5,191$4,678$4,371
11 years$6,345$5,674$5,066$4,518$4,023$3,729
12 years$5,757$5,093$4,496$3,963$3,487$3,206
13 years$5,260$4,602$4,017$3,498$3,040$2,773
14 years$4,834$4,183$3,609$3,105$2,665$2,410
15 years$4,465$3,822$3,259$2,769$2,347$2,104
16 years$4,142$3,506$2,955$2,480$2,074$1,843
17 years$3,858$3,229$2,689$2,228$1,839$1,620
18 years$3,606$2,984$2,454$2,008$1,635$1,428
19 years$3,380$2,765$2,247$1,814$1,457$1,261
20 years$3,178$2,570$2,062$1,643$1,302$1,116
21 years$2,995$2,394$1,897$1,491$1,165$989
22 years$2,828$2,234$1,748$1,356$1,044$878
23 years$2,677$2,090$1,614$1,235$937$781
24 years$2,538$1,958$1,493$1,126$842$695
25 years$2,411$1,837$1,383$1,029$758$619
26 years$2,293$1,727$1,282$941$683$552
27 years$2,185$1,625$1,191$861$616$493
28 years$2,084$1,531$1,107$789$556$440
29 years$1,990$1,445$1,030$723$502$393
30 years$1,903$1,364$959$664$453$352
31 years$1,822$1,290$894$610$410$315
32 years$1,746$1,220$835$560$371$282
33 years$1,674$1,156$779$515$335$252
34 years$1,607$1,095$728$474$304$226
35 years$1,544$1,039$681$436$275$202
36 years$1,485$986$637$402$249$181
37 years$1,429$937$596$370$226$163
38 years$1,376$890$558$341$205$146
39 years$1,326$846$523$315$186$131
40 years$1,278$805$490$290$168$117
41 years$1,233$767$460$268$153$105
42 years$1,190$730$431$247$139$94
43 years$1,150$696$405$228$126$85
44 years$1,111$663$380$211$114$76
45 years$1,074$632$357$195$104$68
46 years$1,039$603$335$180$94$61
47 years$1,005$576$315$166$86$55
48 years$973$549$296$153$78$49
49 years$942$525$278$142$71$44
50 years$913$501$261$131$64$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $935,000, adding $4,751 every year, while hoping to spend $22,872 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: 40/30/30 Blend
60$935,000$935,000$935,000$935,000
61$1,035,271$985,716$971,223$1,067,359
62$1,116,533$1,009,680$979,424$1,115,179
63$1,205,317$1,034,052$987,132$1,164,426
64$1,302,366$1,058,828$994,308$1,217,279
65$1,408,499$1,084,002$1,000,909$1,274,084
66$1,524,616$1,109,568$1,006,889$1,335,224
67$1,651,709$1,135,519$1,012,202$1,401,117
68$1,790,871$1,161,847$1,016,798$1,472,229
69$1,943,303$1,188,541$1,020,625$1,549,069
70$2,110,331$1,215,591$1,023,627$1,632,201
71$2,293,414$1,242,984$1,025,748$1,722,246
72$2,494,158$1,270,706$1,026,926$1,819,889
73$2,714,332$1,298,740$1,027,098$1,925,887
74$2,955,886$1,327,071$1,026,198$2,041,071
75$3,220,966$1,355,677$1,024,155$2,166,360
76$3,511,937$1,384,538$1,020,897$2,302,768
77$3,831,404$1,413,629$1,016,346$2,451,410
78$4,182,236$1,442,925$1,010,422$2,613,520
79$4,567,593$1,472,398$1,003,041$2,790,454
80$4,990,959$1,502,016$994,113$2,983,712
81$5,456,167$1,531,746$983,547$3,194,943
82$5,967,446$1,561,551$971,245$3,425,971
83$6,529,449$1,591,390$957,105$3,678,802
84$7,147,306$1,621,222$941,022$3,955,651
85$7,826,668$1,650,999$922,883$4,258,960
86$8,573,760$1,680,670$902,572$4,591,421
87$9,395,443$1,710,181$879,966$4,956,003
88$10,299,272$1,739,475$854,940$5,355,979
89$11,293,575$1,768,486$827,357$5,794,958
90$12,387,526$1,797,148$797,080$6,276,920
91$13,591,233$1,825,388$763,962$6,806,253
92$14,915,834$1,853,127$727,850$7,387,793
93$16,373,600$1,880,282$688,584$8,026,875
94$17,978,054$1,906,762$645,998$8,729,379
95$19,744,094$1,932,472$599,917$9,501,789
96$21,688,136$1,957,308$550,160$10,351,251
97$23,828,271$1,981,161$496,535$11,285,647
98$26,184,430$2,003,913$438,844$12,313,663
99$28,778,575$2,025,438$376,879$13,444,878
100$31,634,909$2,045,603$310,423$14,689,850