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%13.2%
1 years$77,294$76,606$75,934$75,278$74,638$73,644
2 years$38,264$37,552$36,861$36,191$35,542$34,542
3 years$25,256$24,540$23,852$23,188$22,549$21,575
4 years$18,753$18,040$17,358$16,706$16,082$15,141
5 years$14,853$14,143$13,470$12,832$12,226$11,319
6 years$12,253$11,549$10,886$10,262$9,674$8,804
7 years$10,397$9,699$9,046$8,437$7,867$7,035
8 years$9,006$8,314$7,672$7,077$6,527$5,731
9 years$7,924$7,239$6,608$6,028$5,496$4,737
10 years$7,059$6,381$5,761$5,196$4,683$3,959
11 years$6,352$5,680$5,072$4,522$4,028$3,339
12 years$5,763$5,098$4,501$3,967$3,490$2,836
13 years$5,265$4,607$4,021$3,502$3,044$2,423
14 years$4,839$4,188$3,613$3,109$2,668$2,080
15 years$4,470$3,826$3,262$2,772$2,349$1,793
16 years$4,147$3,510$2,958$2,482$2,076$1,550
17 years$3,862$3,233$2,691$2,230$1,841$1,345
18 years$3,610$2,987$2,457$2,010$1,637$1,169
19 years$3,384$2,768$2,249$1,816$1,459$1,018
20 years$3,181$2,573$2,064$1,645$1,303$889
21 years$2,998$2,396$1,899$1,493$1,166$777
22 years$2,831$2,237$1,750$1,357$1,045$680
23 years$2,680$2,092$1,616$1,236$938$596
24 years$2,541$1,960$1,494$1,128$843$523
25 years$2,413$1,839$1,384$1,030$759$459
26 years$2,296$1,729$1,284$942$684$403
27 years$2,187$1,627$1,192$862$616$354
28 years$2,086$1,533$1,108$790$556$312
29 years$1,993$1,446$1,031$724$502$274
30 years$1,905$1,366$960$665$454$242
31 years$1,824$1,291$895$610$410$213
32 years$1,748$1,222$835$561$371$187
33 years$1,676$1,157$780$516$336$165
34 years$1,609$1,097$729$475$304$146
35 years$1,546$1,040$681$437$275$128
36 years$1,487$987$637$402$250$113
37 years$1,430$938$597$371$226$100
38 years$1,377$891$559$342$205$88
39 years$1,327$847$523$315$186$78
40 years$1,280$806$491$291$169$69
41 years$1,235$767$460$268$153$61
42 years$1,192$731$432$247$139$54
43 years$1,151$696$405$228$126$47
44 years$1,112$664$380$211$114$42
45 years$1,075$633$357$195$104$37
46 years$1,040$604$335$180$94$33
47 years$1,006$576$315$166$86$29
48 years$974$550$296$154$78$25
49 years$943$525$278$142$71$22
50 years$914$502$262$131$64$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $936,000, adding $3,492 every year, while hoping to spend $22,929 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: 67/20/13 Blend
60$936,000$936,000$936,000$936,000
61$1,035,074$985,466$970,958$1,101,143
62$1,116,255$1,009,358$979,089$1,169,497
63$1,204,949$1,033,651$986,724$1,241,169
64$1,301,896$1,058,343$993,821$1,318,948
65$1,407,914$1,083,426$1,000,339$1,403,432
66$1,523,903$1,108,896$1,006,232$1,495,275
67$1,650,852$1,134,743$1,011,452$1,595,203
68$1,789,853$1,160,960$1,015,950$1,704,012
69$1,942,107$1,187,535$1,019,673$1,822,579
70$2,108,935$1,214,458$1,022,566$1,951,871
71$2,291,796$1,241,715$1,024,570$2,092,953
72$2,492,292$1,269,292$1,025,626$2,246,998
73$2,712,190$1,297,172$1,025,670$2,415,300
74$2,953,438$1,325,338$1,024,633$2,599,282
75$3,218,177$1,353,768$1,022,448$2,800,513
76$3,508,770$1,382,442$1,019,039$3,020,722
77$3,827,817$1,411,334$1,014,329$3,261,814
78$4,178,184$1,440,418$1,008,238$3,525,887
79$4,563,025$1,469,666$1,000,681$3,815,256
80$4,985,818$1,499,044$991,568$4,132,468
81$5,450,394$1,528,519$980,807$4,480,331
82$5,960,970$1,558,052$968,300$4,861,940
83$6,522,196$1,587,604$953,946$5,280,705
84$7,139,194$1,617,130$937,637$5,740,384
85$7,817,604$1,646,583$919,260$6,245,118
86$8,563,645$1,675,910$898,700$6,799,469
87$9,384,164$1,705,057$875,834$7,408,467
88$10,286,707$1,733,963$850,533$8,077,653
89$11,279,588$1,762,564$822,663$8,813,135
90$12,371,968$1,790,791$792,083$9,621,643
91$13,573,939$1,818,571$758,649$10,510,594
92$14,896,622$1,845,822$722,205$11,488,160
93$16,352,270$1,872,460$682,591$12,563,351
94$17,954,384$1,898,393$639,641$13,746,092
95$19,717,841$1,923,524$593,179$15,047,323
96$21,659,032$1,947,748$543,021$16,479,102
97$23,796,019$1,970,953$488,978$18,054,714
98$26,148,702$1,993,019$430,848$19,788,802
99$28,739,013$2,013,820$368,424$21,697,502
100$31,591,114$2,033,219$301,488$23,798,599