Can I retire at age 61 with 964,000?

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 $964,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$79,606$78,897$78,205$77,530$76,871$74,529
2 years$39,409$38,675$37,964$37,274$36,605$34,266
3 years$26,012$25,275$24,565$23,882$23,224$20,961
4 years$19,314$18,579$17,877$17,206$16,563$14,394
5 years$15,297$14,567$13,873$13,215$12,591$10,521
6 years$12,620$11,895$11,212$10,569$9,963$7,994
7 years$10,708$9,989$9,317$8,689$8,103$6,234
8 years$9,275$8,563$7,902$7,289$6,722$4,953
9 years$8,161$7,455$6,806$6,209$5,661$3,990
10 years$7,270$6,571$5,933$5,352$4,823$3,247
11 years$6,542$5,850$5,224$4,658$4,148$2,665
12 years$5,935$5,251$4,636$4,085$3,595$2,201
13 years$5,423$4,745$4,142$3,607$3,135$1,827
14 years$4,984$4,313$3,721$3,202$2,748$1,523
15 years$4,603$3,940$3,360$2,855$2,419$1,274
16 years$4,271$3,615$3,046$2,557$2,138$1,069
17 years$3,978$3,329$2,772$2,297$1,896$899
18 years$3,718$3,076$2,530$2,070$1,686$757
19 years$3,485$2,851$2,317$1,871$1,503$639
20 years$3,276$2,650$2,126$1,694$1,342$540
21 years$3,088$2,468$1,955$1,538$1,201$457
22 years$2,916$2,304$1,802$1,398$1,077$387
23 years$2,760$2,155$1,664$1,273$966$328
24 years$2,617$2,019$1,539$1,161$869$278
25 years$2,485$1,894$1,425$1,061$782$236
26 years$2,364$1,781$1,322$970$704$200
27 years$2,252$1,676$1,228$888$635$170
28 years$2,149$1,579$1,141$813$573$144
29 years$2,052$1,490$1,062$746$517$123
30 years$1,962$1,407$989$684$467$104
31 years$1,878$1,330$922$629$422$89
32 years$1,800$1,258$860$578$382$75
33 years$1,726$1,192$803$531$346$64
34 years$1,657$1,129$751$489$313$54
35 years$1,592$1,071$702$450$284$46
36 years$1,531$1,017$657$414$257$39
37 years$1,473$966$614$382$233$34
38 years$1,419$918$575$352$211$29
39 years$1,367$873$539$324$191$24
40 years$1,318$830$505$299$174$21
41 years$1,271$790$474$276$158$18
42 years$1,227$753$444$255$143$15
43 years$1,185$717$417$235$130$13
44 years$1,145$684$392$217$118$11
45 years$1,107$652$368$201$107$9
46 years$1,071$622$345$185$97$8
47 years$1,036$593$324$171$88$7
48 years$1,003$567$305$158$80$6
49 years$972$541$287$146$73$5
50 years$941$517$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $964,000, adding $4,852 every year, while hoping to spend $26,930 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: 59/29/12 Blend
60$964,000$964,000$964,000$964,000
61$1,067,333$1,016,241$1,001,299$1,126,898
62$1,147,547$1,037,383$1,006,189$1,188,729
63$1,235,041$1,058,659$1,010,340$1,252,674
64$1,330,529$1,080,047$1,013,700$1,321,754
65$1,434,795$1,101,522$1,016,212$1,396,466
66$1,548,707$1,123,058$1,017,817$1,477,357
67$1,673,215$1,144,629$1,018,454$1,565,031
68$1,809,370$1,166,202$1,018,059$1,660,152
69$1,958,325$1,187,745$1,016,563$1,763,453
70$2,121,351$1,209,222$1,013,896$1,875,740
71$2,299,850$1,230,595$1,009,982$1,997,904
72$2,495,363$1,251,822$1,004,745$2,130,924
73$2,709,587$1,272,859$998,101$2,275,880
74$2,944,392$1,293,656$989,964$2,433,963
75$3,201,838$1,314,163$980,246$2,606,486
76$3,484,193$1,334,325$968,852$2,794,893
77$3,793,955$1,354,080$955,682$3,000,780
78$4,133,875$1,373,367$940,634$3,225,903
79$4,506,984$1,392,116$923,600$3,472,198
80$4,916,622$1,410,255$904,465$3,741,801
81$5,366,465$1,427,705$883,113$4,037,064
82$5,860,565$1,444,383$859,417$4,360,580
83$6,403,385$1,460,200$833,250$4,715,209
84$6,999,841$1,475,061$804,475$5,104,101
85$7,655,350$1,488,865$772,950$5,530,729
86$8,375,879$1,501,502$738,528$5,998,923
87$9,168,003$1,512,860$701,052$6,512,902
88$10,038,963$1,522,813$660,361$7,077,318
89$10,996,739$1,531,233$616,285$7,697,298
90$12,050,123$1,537,981$568,647$8,378,496
91$13,208,802$1,542,908$517,263$9,127,140
92$14,483,447$1,545,857$461,939$9,950,099
93$15,885,817$1,546,663$402,472$10,854,942
94$17,428,868$1,545,148$338,653$11,850,012
95$19,126,876$1,541,123$270,261$12,944,507
96$20,995,569$1,534,390$197,066$14,148,565
97$23,052,277$1,524,735$118,829$15,473,359
98$25,316,098$1,511,935$35,298$16,931,206
99$27,808,071$1,495,752$0$18,535,681
100$30,551,383$1,475,931$0$20,308,644