Can I retire at age 61 with 936,000?

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 $936,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$77,294$76,606$75,934$75,278$74,638$74,261
2 years$38,264$37,552$36,861$36,191$35,542$35,161
3 years$25,256$24,540$23,852$23,188$22,549$22,177
4 years$18,753$18,040$17,358$16,706$16,082$15,721
5 years$14,853$14,143$13,470$12,832$12,226$11,877
6 years$12,253$11,549$10,886$10,262$9,674$9,338
7 years$10,397$9,699$9,046$8,437$7,867$7,544
8 years$9,006$8,314$7,672$7,077$6,527$6,216
9 years$7,924$7,239$6,608$6,028$5,496$5,199
10 years$7,059$6,381$5,761$5,196$4,683$4,398
11 years$6,352$5,680$5,072$4,522$4,028$3,755
12 years$5,763$5,098$4,501$3,967$3,490$3,230
13 years$5,265$4,607$4,021$3,502$3,044$2,795
14 years$4,839$4,188$3,613$3,109$2,668$2,432
15 years$4,470$3,826$3,262$2,772$2,349$2,124
16 years$4,147$3,510$2,958$2,482$2,076$1,862
17 years$3,862$3,233$2,691$2,230$1,841$1,638
18 years$3,610$2,987$2,457$2,010$1,637$1,444
19 years$3,384$2,768$2,249$1,816$1,459$1,276
20 years$3,181$2,573$2,064$1,645$1,303$1,130
21 years$2,998$2,396$1,899$1,493$1,166$1,003
22 years$2,831$2,237$1,750$1,357$1,045$891
23 years$2,680$2,092$1,616$1,236$938$793
24 years$2,541$1,960$1,494$1,128$843$706
25 years$2,413$1,839$1,384$1,030$759$630
26 years$2,296$1,729$1,284$942$684$562
27 years$2,187$1,627$1,192$862$616$502
28 years$2,086$1,533$1,108$790$556$449
29 years$1,993$1,446$1,031$724$502$401
30 years$1,905$1,366$960$665$454$359
31 years$1,824$1,291$895$610$410$322
32 years$1,748$1,222$835$561$371$288
33 years$1,676$1,157$780$516$336$258
34 years$1,609$1,097$729$475$304$231
35 years$1,546$1,040$681$437$275$207
36 years$1,487$987$637$402$250$186
37 years$1,430$938$597$371$226$167
38 years$1,377$891$559$342$205$150
39 years$1,327$847$523$315$186$135
40 years$1,280$806$491$291$169$121
41 years$1,235$767$460$268$153$108
42 years$1,192$731$432$247$139$97
43 years$1,151$696$405$228$126$88
44 years$1,112$664$380$211$114$79
45 years$1,075$633$357$195$104$71
46 years$1,040$604$335$180$94$63
47 years$1,006$576$315$166$86$57
48 years$974$550$296$154$78$51
49 years$943$525$278$142$71$46
50 years$914$502$262$131$64$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $936,000, adding $2,482 every year, while hoping to spend $39,696 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: 30/42/28 Blend
60$936,000$936,000$936,000$936,000
61$1,034,032$984,424$969,916$1,056,088
62$1,097,267$990,425$960,172$1,079,530
63$1,165,622$995,389$948,771$1,101,097
64$1,239,576$999,224$935,616$1,123,512
65$1,319,658$1,001,831$920,605$1,146,878
66$1,406,449$1,003,106$903,630$1,171,309
67$1,500,586$1,002,937$884,581$1,196,935
68$1,602,771$1,001,207$863,340$1,223,902
69$1,713,776$997,789$839,784$1,252,375
70$1,834,451$992,550$813,787$1,282,539
71$1,965,730$985,350$785,214$1,314,602
72$2,108,641$976,038$753,924$1,348,798
73$2,264,314$964,456$719,772$1,385,388
74$2,433,994$950,435$682,605$1,424,664
75$2,619,051$933,796$642,263$1,466,956
76$2,820,994$914,351$598,577$1,512,630
77$3,041,480$891,899$551,375$1,562,096
78$3,282,338$866,229$500,473$1,615,812
79$3,545,578$837,116$445,680$1,674,289
80$3,833,414$804,321$386,797$1,738,096
81$4,148,284$767,595$323,617$1,807,869
82$4,492,873$726,671$255,922$1,884,316
83$4,870,136$681,268$183,485$1,968,223
84$5,283,328$631,088$106,070$2,060,468
85$5,736,033$575,818$23,429$2,162,026
86$6,232,199$515,123$0$2,273,981
87$6,776,174$448,655$0$2,416,886
88$7,372,745$376,040$0$2,581,459
89$8,027,186$296,887$0$2,762,262
90$8,745,307$210,783$0$2,961,034
91$9,533,505$117,288$0$3,179,695
92$10,398,830$15,942$0$3,420,372
93$11,349,043$0$0$3,685,415
94$12,392,700$0$0$4,020,751
95$13,539,219$0$0$4,397,387
96$14,798,981$0$0$4,811,386
97$16,183,420$0$0$5,266,526
98$17,705,133$0$0$5,766,967
99$19,377,997$0$0$6,317,295
100$21,217,301$0$0$6,922,564