Can I retire at age 61 with 952,000?

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 $952,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$78,615$77,915$77,232$76,565$75,914$75,467
2 years$38,918$38,194$37,491$36,810$36,149$35,699
3 years$25,688$24,960$24,259$23,585$22,935$22,494
4 years$19,074$18,348$17,655$16,991$16,357$15,930
5 years$15,107$14,385$13,701$13,051$12,434$12,022
6 years$12,463$11,747$11,072$10,437$9,839$9,441
7 years$10,575$9,865$9,201$8,581$8,002$7,620
8 years$9,159$8,456$7,803$7,198$6,638$6,271
9 years$8,059$7,362$6,721$6,131$5,590$5,239
10 years$7,180$6,490$5,859$5,285$4,763$4,427
11 years$6,460$5,777$5,159$4,600$4,097$3,775
12 years$5,862$5,185$4,578$4,035$3,550$3,243
13 years$5,355$4,686$4,090$3,562$3,096$2,803
14 years$4,921$4,260$3,675$3,162$2,714$2,435
15 years$4,546$3,891$3,318$2,820$2,389$2,124
16 years$4,218$3,570$3,008$2,525$2,112$1,860
17 years$3,928$3,288$2,737$2,269$1,872$1,633
18 years$3,671$3,038$2,499$2,044$1,665$1,438
19 years$3,442$2,816$2,288$1,847$1,484$1,269
20 years$3,236$2,617$2,100$1,673$1,325$1,123
21 years$3,049$2,437$1,931$1,518$1,186$994
22 years$2,880$2,275$1,780$1,381$1,063$882
23 years$2,725$2,128$1,643$1,257$954$784
24 years$2,584$1,994$1,520$1,147$858$697
25 years$2,454$1,871$1,408$1,047$772$621
26 years$2,335$1,758$1,306$958$695$553
27 years$2,224$1,655$1,212$877$627$493
28 years$2,122$1,559$1,127$803$566$440
29 years$2,027$1,471$1,049$736$511$393
30 years$1,938$1,389$977$676$461$351
31 years$1,855$1,313$911$621$417$314
32 years$1,778$1,243$850$570$377$281
33 years$1,705$1,177$793$525$342$251
34 years$1,637$1,115$741$483$309$225
35 years$1,572$1,058$693$444$280$201
36 years$1,512$1,004$648$409$254$180
37 years$1,455$954$607$377$230$161
38 years$1,401$906$568$348$209$145
39 years$1,350$862$532$320$189$130
40 years$1,302$820$499$296$172$116
41 years$1,256$781$468$273$156$104
42 years$1,212$743$439$252$141$93
43 years$1,171$708$412$232$128$84
44 years$1,131$675$387$214$116$75
45 years$1,094$644$363$198$106$67
46 years$1,058$614$341$183$96$60
47 years$1,023$586$320$169$87$54
48 years$991$559$301$156$79$49
49 years$959$534$283$144$72$44
50 years$929$510$266$133$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $952,000, adding $5,560 every year, while hoping to spend $26,094 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: 68/6/26 Blend
60$952,000$952,000$952,000$952,000
61$1,054,839$1,004,383$989,627$1,119,128
62$1,134,669$1,025,834$995,016$1,184,461
63$1,221,767$1,047,462$999,710$1,252,423
64$1,316,847$1,069,247$1,003,660$1,326,177
65$1,420,694$1,091,169$1,006,812$1,406,298
66$1,534,174$1,113,205$1,009,109$1,493,418
67$1,658,239$1,135,331$1,010,494$1,588,232
68$1,793,937$1,157,520$1,010,903$1,691,508
69$1,942,423$1,179,743$1,010,273$1,804,092
70$2,104,968$1,201,969$1,008,534$1,926,916
71$2,282,971$1,224,162$1,005,617$2,061,009
72$2,477,975$1,246,287$1,001,446$2,207,502
73$2,691,677$1,268,303$995,943$2,367,645
74$2,925,946$1,290,168$989,025$2,542,814
75$3,182,842$1,311,835$980,607$2,734,526
76$3,464,632$1,333,256$970,597$2,944,453
77$3,773,815$1,354,376$958,903$3,174,438
78$4,113,141$1,375,138$945,424$3,426,514
79$4,485,643$1,395,481$930,057$3,702,919
80$4,894,658$1,415,339$912,693$4,006,123
81$5,343,864$1,434,641$893,219$4,338,846
82$5,837,313$1,453,313$871,517$4,704,088
83$6,379,467$1,471,274$847,461$5,105,155
84$6,975,244$1,488,437$820,922$5,545,691
85$7,630,059$1,504,711$791,763$6,029,713
86$8,349,881$1,519,998$759,843$6,561,648
87$9,141,284$1,534,193$725,013$7,146,377
88$10,011,511$1,547,184$687,117$7,789,278
89$10,968,542$1,558,854$645,992$8,496,282
90$12,021,170$1,569,074$601,470$9,273,922
91$13,179,082$1,577,711$553,371$10,129,403
92$14,452,951$1,584,622$501,512$11,070,664
93$15,854,537$1,589,653$445,698$12,106,455
94$17,396,798$1,592,644$385,726$13,246,422
95$19,094,010$1,593,422$321,387$14,501,196
96$20,961,903$1,591,804$252,458$15,882,494
97$23,017,812$1,587,597$178,709$17,403,231
98$25,280,833$1,580,594$99,901$19,077,642
99$27,772,012$1,570,577$15,781$20,921,413
100$30,514,536$1,557,314$0$22,951,838