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%17.3%
1 years$78,615$77,915$77,232$76,565$75,914$73,661
2 years$38,918$38,194$37,491$36,810$36,149$33,898
3 years$25,688$24,960$24,259$23,585$22,935$20,756
4 years$19,074$18,348$17,655$16,991$16,357$14,267
5 years$15,107$14,385$13,701$13,051$12,434$10,439
6 years$12,463$11,747$11,072$10,437$9,839$7,940
7 years$10,575$9,865$9,201$8,581$8,002$6,200
8 years$9,159$8,456$7,803$7,198$6,638$4,931
9 years$8,059$7,362$6,721$6,131$5,590$3,977
10 years$7,180$6,490$5,859$5,285$4,763$3,241
11 years$6,460$5,777$5,159$4,600$4,097$2,663
12 years$5,862$5,185$4,578$4,035$3,550$2,203
13 years$5,355$4,686$4,090$3,562$3,096$1,831
14 years$4,921$4,260$3,675$3,162$2,714$1,529
15 years$4,546$3,891$3,318$2,820$2,389$1,281
16 years$4,218$3,570$3,008$2,525$2,112$1,076
17 years$3,928$3,288$2,737$2,269$1,872$906
18 years$3,671$3,038$2,499$2,044$1,665$764
19 years$3,442$2,816$2,288$1,847$1,484$646
20 years$3,236$2,617$2,100$1,673$1,325$546
21 years$3,049$2,437$1,931$1,518$1,186$463
22 years$2,880$2,275$1,780$1,381$1,063$393
23 years$2,725$2,128$1,643$1,257$954$333
24 years$2,584$1,994$1,520$1,147$858$283
25 years$2,454$1,871$1,408$1,047$772$240
26 years$2,335$1,758$1,306$958$695$204
27 years$2,224$1,655$1,212$877$627$174
28 years$2,122$1,559$1,127$803$566$148
29 years$2,027$1,471$1,049$736$511$126
30 years$1,938$1,389$977$676$461$107
31 years$1,855$1,313$911$621$417$91
32 years$1,778$1,243$850$570$377$78
33 years$1,705$1,177$793$525$342$66
34 years$1,637$1,115$741$483$309$56
35 years$1,572$1,058$693$444$280$48
36 years$1,512$1,004$648$409$254$41
37 years$1,455$954$607$377$230$35
38 years$1,401$906$568$348$209$30
39 years$1,350$862$532$320$189$25
40 years$1,302$820$499$296$172$22
41 years$1,256$781$468$273$156$18
42 years$1,212$743$439$252$141$16
43 years$1,171$708$412$232$128$13
44 years$1,131$675$387$214$116$11
45 years$1,094$644$363$198$106$10
46 years$1,058$614$341$183$96$8
47 years$1,023$586$320$169$87$7
48 years$991$559$301$156$79$6
49 years$959$534$283$144$72$5
50 years$929$510$266$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $952,000, adding $4,441 every year, while hoping to spend $30,393 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: 52/23/25 Blend
60$952,000$952,000$952,000$952,000
61$1,053,685$1,003,229$988,473$1,100,916
62$1,128,823$1,020,049$989,249$1,150,916
63$1,210,606$1,036,675$989,032$1,201,810
64$1,299,681$1,053,065$987,757$1,256,555
65$1,396,757$1,069,174$985,356$1,315,528
66$1,502,617$1,084,954$981,756$1,379,149
67$1,618,122$1,100,355$976,883$1,447,878
68$1,744,218$1,115,320$970,657$1,522,225
69$1,881,950$1,129,792$962,995$1,602,752
70$2,032,465$1,143,708$953,811$1,690,079
71$2,197,026$1,157,000$943,014$1,784,891
72$2,377,026$1,169,596$930,508$1,887,945
73$2,573,997$1,181,421$916,195$2,000,073
74$2,789,627$1,192,392$899,969$2,122,196
75$3,025,772$1,202,423$881,721$2,255,329
76$3,284,480$1,211,421$861,338$2,400,595
77$3,568,004$1,219,287$838,700$2,559,228
78$3,878,825$1,225,917$813,681$2,732,594
79$4,219,677$1,231,198$786,151$2,922,199
80$4,593,569$1,235,013$755,973$3,129,703
81$5,003,819$1,237,234$723,003$3,356,939
82$5,454,078$1,237,728$687,093$3,605,930
83$5,948,369$1,236,351$648,086$3,878,905
84$6,491,124$1,232,954$605,818$4,178,327
85$7,087,224$1,227,375$560,119$4,506,909
86$7,742,049$1,219,443$510,810$4,867,647
87$8,461,520$1,208,979$457,705$5,263,843
88$9,252,167$1,195,790$400,609$5,699,142
89$10,121,177$1,179,673$339,319$6,177,561
90$11,076,473$1,160,413$273,623$6,703,534
91$12,126,782$1,137,782$203,298$7,281,949
92$13,281,719$1,111,538$128,113$7,918,198
93$14,551,876$1,081,425$47,827$8,618,227
94$15,948,925$1,047,173$0$9,388,594
95$17,485,725$1,008,494$0$10,246,629
96$19,176,443$965,085$0$11,204,478
97$21,036,691$916,625$0$12,258,240
98$23,083,669$862,774$0$13,417,687
99$25,336,326$803,174$0$14,693,593
100$27,815,546$737,444$0$16,097,830