Can I retire at age 61 with 944,000?

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 $944,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$77,955$77,260$76,583$75,922$75,276$72,925
2 years$38,591$37,873$37,176$36,501$35,846$33,498
3 years$25,472$24,750$24,055$23,386$22,742$20,471
4 years$18,914$18,194$17,506$16,849$16,220$14,043
5 years$14,980$14,264$13,586$12,941$12,330$10,254
6 years$12,358$11,648$10,979$10,349$9,756$7,782
7 years$10,486$9,782$9,124$8,509$7,934$6,062
8 years$9,082$8,385$7,738$7,138$6,582$4,811
9 years$7,992$7,301$6,664$6,080$5,543$3,870
10 years$7,119$6,435$5,810$5,241$4,723$3,146
11 years$6,406$5,729$5,115$4,561$4,062$2,579
12 years$5,812$5,142$4,540$4,001$3,520$2,127
13 years$5,310$4,647$4,056$3,532$3,070$1,763
14 years$4,880$4,224$3,644$3,135$2,691$1,468
15 years$4,508$3,858$3,290$2,796$2,369$1,226
16 years$4,182$3,540$2,983$2,504$2,094$1,027
17 years$3,895$3,260$2,714$2,250$1,857$862
18 years$3,641$3,013$2,478$2,027$1,651$725
19 years$3,413$2,792$2,268$1,832$1,471$611
20 years$3,208$2,595$2,082$1,659$1,314$516
21 years$3,023$2,417$1,915$1,506$1,176$435
22 years$2,856$2,256$1,765$1,369$1,054$368
23 years$2,703$2,110$1,630$1,247$946$311
24 years$2,562$1,977$1,507$1,137$851$264
25 years$2,434$1,855$1,396$1,039$765$223
26 years$2,315$1,744$1,295$950$689$189
27 years$2,206$1,641$1,202$869$622$160
28 years$2,104$1,546$1,118$796$561$136
29 years$2,010$1,459$1,040$730$506$115
30 years$1,922$1,378$969$670$458$98
31 years$1,839$1,302$903$616$414$83
32 years$1,763$1,232$843$566$374$71
33 years$1,691$1,167$787$520$339$60
34 years$1,623$1,106$735$479$307$51
35 years$1,559$1,049$687$441$278$43
36 years$1,499$996$643$406$252$37
37 years$1,443$946$602$374$228$31
38 years$1,389$899$564$345$207$26
39 years$1,339$855$528$318$188$22
40 years$1,291$813$495$293$170$19
41 years$1,245$774$464$270$154$16
42 years$1,202$737$435$250$140$14
43 years$1,161$702$408$230$127$12
44 years$1,122$669$383$213$115$10
45 years$1,084$638$360$196$105$8
46 years$1,049$609$338$181$95$7
47 years$1,015$581$318$168$86$6
48 years$982$555$298$155$78$5
49 years$951$530$281$143$71$4
50 years$922$506$264$132$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $944,000, adding $5,691 every year, while hoping to spend $32,213 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: 47/39/14 Blend
60$944,000$944,000$944,000$944,000
61$1,046,158$996,126$981,494$1,090,964
62$1,118,592$1,010,662$980,100$1,137,105
63$1,197,334$1,024,830$977,579$1,183,398
64$1,282,995$1,038,580$973,860$1,232,932
65$1,376,244$1,051,853$968,868$1,286,020
66$1,477,819$1,064,593$962,524$1,343,009
67$1,588,533$1,076,734$954,745$1,404,281
68$1,709,280$1,088,210$945,445$1,470,260
69$1,841,041$1,098,948$934,532$1,541,412
70$1,984,901$1,108,870$921,913$1,618,252
71$2,142,051$1,117,895$907,487$1,701,351
72$2,313,804$1,125,934$891,151$1,791,336
73$2,501,602$1,132,896$872,795$1,888,902
74$2,707,038$1,138,680$852,306$1,994,816
75$2,931,861$1,143,181$829,564$2,109,924
76$3,178,001$1,146,286$804,444$2,235,162
77$3,447,580$1,147,878$776,816$2,371,561
78$3,742,937$1,147,828$746,544$2,520,261
79$4,066,648$1,146,002$713,483$2,682,520
80$4,421,547$1,142,258$677,487$2,859,728
81$4,810,760$1,136,443$638,397$3,053,417
82$5,237,726$1,128,397$596,052$3,265,281
83$5,706,235$1,117,950$550,281$3,497,188
84$6,220,461$1,104,919$500,905$3,751,200
85$6,785,002$1,089,114$447,740$4,029,593
86$7,404,923$1,070,332$390,590$4,334,880
87$8,085,803$1,048,356$329,253$4,669,832
88$8,833,789$1,022,960$263,517$5,037,511
89$9,655,651$993,900$193,160$5,441,291
90$10,558,849$960,923$117,952$5,884,900
91$11,551,600$923,757$37,652$6,372,446
92$12,642,958$882,115$0$6,908,466
93$13,842,897$835,696$0$7,505,142
94$15,162,405$784,179$0$8,167,286
95$16,613,591$727,224$0$8,895,400
96$18,209,794$664,474$0$9,696,247
97$19,965,710$595,551$0$10,577,282
98$21,897,533$520,053$0$11,546,731
99$24,023,104$437,559$0$12,613,659
100$26,362,083$347,621$0$13,788,067