Can I retire at age 61 with 939,000?

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 $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%15%
1 years$77,542$76,851$76,177$75,519$74,877$73,335
2 years$38,387$37,672$36,979$36,307$35,656$34,109
3 years$25,337$24,619$23,928$23,263$22,622$21,119
4 years$18,813$18,098$17,413$16,759$16,134$14,687
5 years$14,900$14,189$13,514$12,873$12,265$10,877
6 years$12,292$11,586$10,921$10,294$9,705$8,378
7 years$10,430$9,730$9,075$8,464$7,892$6,627
8 years$9,034$8,340$7,697$7,100$6,548$5,342
9 years$7,949$7,262$6,629$6,048$5,514$4,369
10 years$7,082$6,401$5,779$5,213$4,698$3,612
11 years$6,372$5,698$5,088$4,537$4,041$3,012
12 years$5,781$5,115$4,516$3,979$3,502$2,529
13 years$5,282$4,622$4,034$3,513$3,053$2,135
14 years$4,854$4,201$3,625$3,119$2,677$1,811
15 years$4,484$3,838$3,273$2,781$2,357$1,541
16 years$4,160$3,521$2,967$2,490$2,083$1,316
17 years$3,875$3,243$2,700$2,238$1,847$1,127
18 years$3,621$2,997$2,465$2,017$1,642$967
19 years$3,395$2,777$2,256$1,822$1,464$831
20 years$3,191$2,581$2,071$1,650$1,307$716
21 years$3,007$2,404$1,905$1,498$1,170$617
22 years$2,840$2,244$1,756$1,362$1,049$533
23 years$2,688$2,099$1,621$1,240$941$460
24 years$2,549$1,966$1,499$1,131$846$398
25 years$2,421$1,845$1,388$1,033$761$345
26 years$2,303$1,734$1,288$945$686$298
27 years$2,194$1,632$1,196$865$618$259
28 years$2,093$1,538$1,112$792$558$224
29 years$1,999$1,451$1,034$726$504$194
30 years$1,911$1,370$964$667$455$169
31 years$1,830$1,295$898$612$412$146
32 years$1,753$1,226$838$563$372$127
33 years$1,682$1,161$783$517$337$110
34 years$1,614$1,100$731$476$305$96
35 years$1,551$1,043$684$438$276$83
36 years$1,491$990$639$404$250$72
37 years$1,435$941$599$372$227$63
38 years$1,382$894$561$343$206$55
39 years$1,331$850$525$316$187$47
40 years$1,284$809$492$292$169$41
41 years$1,238$770$462$269$153$36
42 years$1,195$733$433$248$139$31
43 years$1,155$699$406$229$126$27
44 years$1,116$666$381$212$115$24
45 years$1,079$635$358$195$104$20
46 years$1,043$606$336$180$95$18
47 years$1,009$578$316$167$86$15
48 years$977$552$297$154$78$13
49 years$946$527$279$142$71$12
50 years$917$503$262$132$64$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $939,000, adding $6,426 every year, while hoping to spend $33,111 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: 71/10/19 Blend
60$939,000$939,000$939,000$939,000
61$1,041,406$991,639$977,085$1,110,151
62$1,112,400$1,005,000$974,587$1,170,112
63$1,189,525$1,017,905$970,897$1,231,178
64$1,273,373$1,030,298$965,937$1,297,204
65$1,364,591$1,042,118$959,631$1,368,675
66$1,463,897$1,053,299$951,896$1,446,130
67$1,572,075$1,063,771$942,645$1,530,158
68$1,689,991$1,073,461$931,788$1,621,411
69$1,818,599$1,082,288$919,231$1,720,608
70$1,958,945$1,090,170$904,875$1,828,541
71$2,112,184$1,097,015$888,615$1,946,083
72$2,279,587$1,102,729$870,344$2,074,196
73$2,462,552$1,107,209$849,947$2,213,943
74$2,662,618$1,110,348$827,306$2,366,493
75$2,881,481$1,112,031$802,297$2,533,135
76$3,121,007$1,112,136$774,788$2,715,294
77$3,383,251$1,110,532$744,646$2,914,535
78$3,670,477$1,107,083$711,726$3,132,588
79$3,985,178$1,101,642$675,881$3,371,360
80$4,330,098$1,094,054$636,954$3,632,949
81$4,708,260$1,084,155$594,785$3,919,674
82$5,122,995$1,071,770$549,202$4,234,088
83$5,577,968$1,056,715$500,028$4,579,006
84$6,077,221$1,038,794$447,079$4,957,532
85$6,625,202$1,017,799$390,161$5,373,088
86$7,226,812$993,511$329,071$5,829,446
87$7,887,450$965,697$263,598$6,330,763
88$8,613,064$934,110$193,522$6,881,626
89$9,410,205$898,489$118,614$7,487,087
90$10,286,090$858,560$38,632$8,152,717
91$11,248,671$814,029$0$8,884,659
92$12,306,708$764,588$0$9,699,154
93$13,469,850$709,911$0$10,603,167
94$14,748,731$649,653$0$11,597,141
95$16,155,063$583,448$0$12,690,201
96$17,701,753$510,910$0$13,892,405
97$19,403,020$431,633$0$15,214,835
98$21,274,530$345,185$0$16,669,704
99$23,333,545$251,112$0$18,270,468
100$25,599,083$148,933$0$20,031,958