Can I retire at age 61 with 939,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$77,542$76,851$76,177$75,519$74,877$74,064
2 years$38,387$37,672$36,979$36,307$35,656$34,837
3 years$25,337$24,619$23,928$23,263$22,622$21,823
4 years$18,813$18,098$17,413$16,759$16,134$15,361
5 years$14,900$14,189$13,514$12,873$12,265$11,520
6 years$12,292$11,586$10,921$10,294$9,705$8,989
7 years$10,430$9,730$9,075$8,464$7,892$7,207
8 years$9,034$8,340$7,697$7,100$6,548$5,891
9 years$7,949$7,262$6,629$6,048$5,514$4,887
10 years$7,082$6,401$5,779$5,213$4,698$4,100
11 years$6,372$5,698$5,088$4,537$4,041$3,470
12 years$5,781$5,115$4,516$3,979$3,502$2,959
13 years$5,282$4,622$4,034$3,513$3,053$2,538
14 years$4,854$4,201$3,625$3,119$2,677$2,187
15 years$4,484$3,838$3,273$2,781$2,357$1,893
16 years$4,160$3,521$2,967$2,490$2,083$1,644
17 years$3,875$3,243$2,700$2,238$1,847$1,432
18 years$3,621$2,997$2,465$2,017$1,642$1,250
19 years$3,395$2,777$2,256$1,822$1,464$1,094
20 years$3,191$2,581$2,071$1,650$1,307$959
21 years$3,007$2,404$1,905$1,498$1,170$842
22 years$2,840$2,244$1,756$1,362$1,049$740
23 years$2,688$2,099$1,621$1,240$941$651
24 years$2,549$1,966$1,499$1,131$846$574
25 years$2,421$1,845$1,388$1,033$761$506
26 years$2,303$1,734$1,288$945$686$447
27 years$2,194$1,632$1,196$865$618$395
28 years$2,093$1,538$1,112$792$558$349
29 years$1,999$1,451$1,034$726$504$309
30 years$1,911$1,370$964$667$455$273
31 years$1,830$1,295$898$612$412$242
32 years$1,753$1,226$838$563$372$214
33 years$1,682$1,161$783$517$337$190
34 years$1,614$1,100$731$476$305$168
35 years$1,551$1,043$684$438$276$149
36 years$1,491$990$639$404$250$132
37 years$1,435$941$599$372$227$117
38 years$1,382$894$561$343$206$104
39 years$1,331$850$525$316$187$92
40 years$1,284$809$492$292$169$82
41 years$1,238$770$462$269$153$72
42 years$1,195$733$433$248$139$64
43 years$1,155$699$406$229$126$57
44 years$1,116$666$381$212$115$51
45 years$1,079$635$358$195$104$45
46 years$1,043$606$336$180$95$40
47 years$1,009$578$316$167$86$35
48 years$977$552$297$154$78$31
49 years$946$527$279$142$71$28
50 years$917$503$262$132$64$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $939,000, adding $2,524 every year, while hoping to spend $59,134 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: 35/44/21 Blend
60$939,000$939,000$939,000$939,000
61$1,037,382$987,615$973,060$1,066,982
62$1,080,276$973,089$942,739$1,074,455
63$1,125,564$955,871$909,421$1,076,871
64$1,173,428$935,764$872,942$1,078,266
65$1,224,064$912,563$833,133$1,078,583
66$1,277,690$886,051$789,814$1,077,768
67$1,334,543$855,995$742,801$1,075,764
68$1,394,880$822,153$691,899$1,072,517
69$1,458,984$784,264$636,904$1,067,972
70$1,527,164$742,057$577,604$1,062,076
71$1,599,759$695,242$513,777$1,054,778
72$1,677,138$643,513$445,193$1,046,030
73$1,759,707$586,546$371,608$1,035,787
74$1,847,911$524,000$292,770$1,024,007
75$1,942,236$455,514$208,416$1,010,655
76$2,043,216$380,706$118,270$995,701
77$2,151,436$299,173$22,044$979,121
78$2,267,539$210,489$0$960,903
79$2,392,229$114,204$0$959,113
80$2,526,279$9,843$0$962,135
81$2,670,540$0$0$965,119
82$2,825,941$0$0$1,018,097
83$2,993,509$0$0$1,080,464
84$3,174,367$0$0$1,147,885
85$3,369,752$0$0$1,220,837
86$3,581,021$0$0$1,299,838
87$3,809,667$0$0$1,385,465
88$4,057,333$0$0$1,478,345
89$4,325,820$0$0$1,579,174
90$4,617,115$0$0$1,688,714
91$4,933,399$0$0$1,807,803
92$5,277,072$0$0$1,937,365
93$5,650,774$0$0$2,078,415
94$6,057,410$0$0$2,232,070
95$6,500,177$0$0$2,399,561
96$6,982,590$0$0$2,582,239
97$7,508,520$0$0$2,781,596
98$8,082,227$0$0$2,999,270
99$8,708,399$0$0$3,237,066
100$9,392,196$0$0$3,496,971