Can I retire at age 61 with 961,000?

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 $961,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$79,358$78,652$77,962$77,289$76,631$75,455
2 years$39,286$38,555$37,846$37,158$36,491$35,309
3 years$25,931$25,196$24,489$23,808$23,152$22,000
4 years$19,254$18,522$17,821$17,152$16,512$15,400
5 years$15,249$14,521$13,830$13,174$12,552$11,483
6 years$12,580$11,858$11,177$10,536$9,932$8,907
7 years$10,675$9,958$9,288$8,662$8,077$7,097
8 years$9,246$8,536$7,877$7,266$6,701$5,765
9 years$8,135$7,432$6,784$6,189$5,643$4,751
10 years$7,248$6,551$5,915$5,335$4,808$3,959
11 years$6,522$5,832$5,207$4,643$4,135$3,329
12 years$5,917$5,234$4,621$4,073$3,584$2,818
13 years$5,406$4,730$4,129$3,596$3,125$2,400
14 years$4,968$4,300$3,710$3,192$2,739$2,053
15 years$4,589$3,928$3,349$2,847$2,412$1,764
16 years$4,258$3,604$3,037$2,549$2,132$1,520
17 years$3,966$3,319$2,763$2,290$1,890$1,314
18 years$3,706$3,067$2,523$2,064$1,681$1,138
19 years$3,474$2,842$2,309$1,865$1,498$988
20 years$3,266$2,641$2,119$1,689$1,338$859
21 years$3,078$2,460$1,949$1,533$1,197$748
22 years$2,907$2,297$1,797$1,394$1,073$652
23 years$2,751$2,148$1,659$1,269$963$569
24 years$2,609$2,012$1,534$1,158$866$497
25 years$2,478$1,889$1,421$1,057$779$435
26 years$2,357$1,775$1,318$967$702$380
27 years$2,245$1,670$1,224$885$633$333
28 years$2,142$1,574$1,138$811$571$292
29 years$2,046$1,485$1,059$743$516$256
30 years$1,956$1,402$986$682$466$224
31 years$1,873$1,326$919$627$421$197
32 years$1,794$1,254$858$576$381$173
33 years$1,721$1,188$801$530$345$152
34 years$1,652$1,126$748$487$312$133
35 years$1,587$1,068$700$449$283$117
36 years$1,526$1,014$654$413$256$103
37 years$1,469$963$613$381$232$90
38 years$1,414$915$574$351$211$79
39 years$1,363$870$537$323$191$70
40 years$1,314$828$504$298$173$61
41 years$1,268$788$472$275$157$54
42 years$1,223$750$443$254$143$47
43 years$1,182$715$416$235$129$42
44 years$1,142$681$390$217$117$37
45 years$1,104$650$366$200$107$32
46 years$1,068$620$344$185$97$28
47 years$1,033$592$323$171$88$25
48 years$1,000$565$304$158$80$22
49 years$968$539$286$146$72$19
50 years$938$515$269$135$66$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $961,000, adding $4,926 every year, while hoping to spend $23,892 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: 72/10/18 Blend
60$961,000$961,000$961,000$961,000
61$1,064,103$1,013,170$998,275$1,135,864
62$1,147,221$1,037,395$1,006,296$1,208,420
63$1,238,016$1,062,005$1,013,785$1,284,502
64$1,337,246$1,086,996$1,020,699$1,367,213
65$1,445,745$1,112,359$1,026,993$1,457,204
66$1,564,433$1,138,086$1,032,619$1,555,195
67$1,694,320$1,164,167$1,037,527$1,661,978
68$1,836,520$1,190,591$1,041,664$1,778,426
69$1,992,261$1,217,346$1,044,975$1,905,500
70$2,162,892$1,244,416$1,047,402$2,044,261
71$2,349,901$1,271,787$1,048,884$2,195,875
72$2,554,926$1,299,440$1,049,357$2,361,629
73$2,779,772$1,327,356$1,048,755$2,542,939
74$3,026,427$1,355,514$1,047,005$2,741,368
75$3,297,078$1,383,890$1,044,036$2,958,635
76$3,594,137$1,412,458$1,039,768$3,196,638
77$3,920,260$1,441,189$1,034,121$3,457,465
78$4,278,372$1,470,053$1,027,010$3,743,418
79$4,671,697$1,499,017$1,018,346$4,057,035
80$5,103,784$1,528,043$1,008,034$4,401,111
81$5,578,545$1,557,091$995,978$4,778,727
82$6,100,287$1,586,120$982,074$5,193,279
83$6,673,759$1,615,082$966,216$5,648,508
84$7,304,188$1,643,927$948,290$6,148,537
85$7,997,338$1,672,601$928,180$6,697,910
86$8,759,554$1,701,047$905,762$7,301,634
87$9,597,830$1,729,200$880,907$7,965,228
88$10,519,873$1,756,994$853,481$8,694,773
89$11,534,170$1,784,357$823,343$9,496,972
90$12,650,075$1,811,211$790,345$10,379,210
91$13,877,894$1,837,472$754,333$11,349,628
92$15,228,983$1,863,051$715,146$12,417,195
93$16,715,852$1,887,854$672,617$13,591,798
94$18,352,287$1,911,777$626,568$14,884,331
95$20,153,479$1,934,712$576,816$16,306,801
96$22,136,164$1,956,543$523,169$17,872,441
97$24,318,784$1,977,145$465,427$19,595,832
98$26,721,660$1,996,386$403,379$21,493,046
99$29,367,184$2,014,123$336,807$23,581,793
100$32,280,029$2,030,207$265,482$25,881,592