Can I retire at age 61 with 965,000?

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 $965,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$79,689$78,979$78,286$77,610$76,950$75,957
2 years$39,450$38,715$38,003$37,313$36,643$35,644
3 years$26,039$25,301$24,591$23,907$23,248$22,274
4 years$19,334$18,599$17,896$17,223$16,581$15,639
5 years$15,313$14,582$13,888$13,229$12,604$11,698
6 years$12,633$11,907$11,223$10,580$9,973$9,104
7 years$10,719$9,999$9,327$8,698$8,111$7,278
8 years$9,285$8,571$7,910$7,297$6,729$5,932
9 years$8,169$7,463$6,813$6,215$5,667$4,906
10 years$7,278$6,578$5,939$5,357$4,828$4,104
11 years$6,549$5,856$5,229$4,663$4,152$3,463
12 years$5,942$5,256$4,641$4,090$3,598$2,943
13 years$5,428$4,750$4,146$3,611$3,138$2,516
14 years$4,989$4,318$3,725$3,205$2,751$2,161
15 years$4,608$3,944$3,363$2,858$2,422$1,864
16 years$4,275$3,619$3,049$2,559$2,141$1,613
17 years$3,982$3,333$2,775$2,300$1,898$1,400
18 years$3,722$3,080$2,533$2,072$1,688$1,218
19 years$3,489$2,854$2,319$1,873$1,504$1,062
20 years$3,280$2,652$2,128$1,696$1,344$927
21 years$3,091$2,470$1,958$1,539$1,202$811
22 years$2,919$2,306$1,804$1,399$1,078$711
23 years$2,763$2,157$1,666$1,275$967$623
24 years$2,619$2,021$1,541$1,162$870$547
25 years$2,488$1,896$1,427$1,062$782$481
26 years$2,367$1,782$1,323$971$705$423
27 years$2,255$1,677$1,229$888$635$372
28 years$2,151$1,581$1,142$814$573$327
29 years$2,054$1,491$1,063$746$518$288
30 years$1,964$1,408$990$685$468$254
31 years$1,880$1,331$923$629$423$224
32 years$1,802$1,260$861$578$383$198
33 years$1,728$1,193$804$532$346$174
34 years$1,659$1,131$751$489$313$154
35 years$1,594$1,072$703$450$284$136
36 years$1,533$1,018$657$415$257$120
37 years$1,475$967$615$382$233$106
38 years$1,420$919$576$352$211$93
39 years$1,368$874$540$325$192$82
40 years$1,319$831$506$300$174$73
41 years$1,273$791$474$276$158$64
42 years$1,229$753$445$255$143$57
43 years$1,187$718$418$235$130$50
44 years$1,147$684$392$217$118$44
45 years$1,108$653$368$201$107$39
46 years$1,072$623$346$185$97$35
47 years$1,037$594$325$171$88$31
48 years$1,004$567$305$158$80$27
49 years$973$542$287$146$73$24
50 years$942$517$270$135$66$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $965,000, adding $2,421 every year, while hoping to spend $21,485 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: 52/22/26 Blend
60$965,000$965,000$965,000$965,000
61$1,065,927$1,014,782$999,825$1,113,492
62$1,151,792$1,041,647$1,010,459$1,173,593
63$1,245,695$1,069,107$1,020,729$1,236,552
64$1,348,433$1,097,171$1,030,601$1,304,608
65$1,460,884$1,125,843$1,040,037$1,378,255
66$1,584,015$1,155,131$1,048,999$1,458,039
67$1,718,890$1,185,038$1,057,447$1,544,559
68$1,866,682$1,215,569$1,065,336$1,638,476
69$2,028,681$1,246,729$1,072,622$1,740,520
70$2,206,309$1,278,522$1,079,257$1,851,493
71$2,401,132$1,310,949$1,085,192$1,972,280
72$2,614,876$1,344,014$1,090,374$2,103,855
73$2,849,439$1,377,716$1,094,748$2,247,294
74$3,106,915$1,412,058$1,098,255$2,403,779
75$3,389,609$1,447,037$1,100,835$2,574,615
76$3,700,059$1,482,652$1,102,423$2,761,240
77$4,041,064$1,518,901$1,102,954$2,965,238
78$4,415,706$1,555,780$1,102,355$3,188,356
79$4,827,377$1,593,283$1,100,554$3,432,517
80$5,279,819$1,631,403$1,097,472$3,699,842
81$5,777,152$1,670,133$1,093,029$3,992,669
82$6,323,915$1,709,463$1,087,138$4,313,574
83$6,925,109$1,749,381$1,079,712$4,665,396
84$7,586,243$1,789,874$1,070,655$5,051,264
85$8,313,388$1,830,926$1,059,870$5,474,626
86$9,113,232$1,872,520$1,047,255$5,939,285
87$9,993,145$1,914,637$1,032,701$6,449,429
88$10,961,245$1,957,254$1,016,096$7,009,676
89$12,026,479$2,000,346$997,322$7,625,114
90$13,198,703$2,043,886$976,255$8,301,354
91$14,488,778$2,087,844$952,767$9,044,576
92$15,908,670$2,132,185$926,722$9,861,594
93$17,471,566$2,176,873$897,978$10,759,917
94$19,191,994$2,221,868$866,388$11,747,823
95$21,085,962$2,267,124$831,797$12,834,433
96$23,171,111$2,312,595$794,044$14,029,801
97$25,466,879$2,358,226$752,959$15,345,009
98$27,994,683$2,403,961$708,365$16,792,268
99$30,778,124$2,449,739$660,078$18,385,040
100$33,843,207$2,495,490$607,905$20,138,158