Can I retire at age 61 with 891,000?

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 $891,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$73,578$72,923$72,283$71,659$71,050$69,901
2 years$36,425$35,746$35,089$34,451$33,833$32,679
3 years$24,042$23,361$22,705$22,073$21,465$20,342
4 years$17,852$17,173$16,523$15,903$15,309$14,225
5 years$14,139$13,463$12,823$12,215$11,638$10,596
6 years$11,664$10,994$10,363$9,768$9,209$8,210
7 years$9,897$9,233$8,611$8,031$7,489$6,534
8 years$8,573$7,914$7,303$6,737$6,213$5,302
9 years$7,543$6,891$6,290$5,738$5,232$4,364
10 years$6,720$6,074$5,484$4,947$4,458$3,632
11 years$6,046$5,407$4,828$4,305$3,834$3,050
12 years$5,486$4,853$4,285$3,776$3,323$2,579
13 years$5,012$4,386$3,828$3,334$2,897$2,193
14 years$4,606$3,987$3,440$2,959$2,540$1,874
15 years$4,255$3,642$3,105$2,639$2,236$1,607
16 years$3,947$3,341$2,816$2,363$1,976$1,383
17 years$3,677$3,077$2,562$2,123$1,752$1,194
18 years$3,436$2,843$2,339$1,913$1,558$1,033
19 years$3,221$2,635$2,141$1,729$1,389$895
20 years$3,028$2,449$1,965$1,566$1,240$777
21 years$2,854$2,281$1,807$1,421$1,110$676
22 years$2,695$2,129$1,666$1,292$995$588
23 years$2,551$1,991$1,538$1,177$893$513
24 years$2,419$1,866$1,422$1,073$803$447
25 years$2,297$1,751$1,317$980$722$390
26 years$2,185$1,646$1,222$896$651$341
27 years$2,082$1,549$1,135$820$587$298
28 years$1,986$1,459$1,055$752$529$261
29 years$1,897$1,377$982$689$478$228
30 years$1,814$1,300$914$633$432$200
31 years$1,736$1,229$852$581$391$175
32 years$1,664$1,163$795$534$353$153
33 years$1,596$1,101$743$491$320$134
34 years$1,532$1,044$694$452$289$118
35 years$1,472$990$649$416$262$103
36 years$1,415$940$607$383$238$91
37 years$1,362$893$568$353$215$79
38 years$1,311$848$532$325$195$70
39 years$1,263$807$498$300$177$61
40 years$1,218$767$467$277$161$54
41 years$1,175$730$438$255$146$47
42 years$1,134$696$411$236$132$41
43 years$1,096$663$385$217$120$36
44 years$1,059$632$362$201$109$32
45 years$1,023$603$340$185$99$28
46 years$990$575$319$171$90$24
47 years$958$549$300$158$81$21
48 years$927$524$282$146$74$19
49 years$898$500$265$135$67$17
50 years$870$478$249$125$61$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $891,000, adding $6,654 every year, while hoping to spend $29,771 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: 48/33/19 Blend
60$891,000$891,000$891,000$891,000
61$988,746$941,523$927,712$1,030,613
62$1,057,922$955,981$927,114$1,074,848
63$1,133,156$970,150$925,499$1,119,303
64$1,215,034$983,984$922,800$1,166,946
65$1,304,203$997,435$918,949$1,218,088
66$1,401,372$1,010,449$913,874$1,273,074
67$1,507,322$1,022,972$907,499$1,332,281
68$1,622,915$1,034,943$899,746$1,396,130
69$1,749,095$1,046,299$890,531$1,465,082
70$1,886,907$1,056,971$879,767$1,539,648
71$2,037,496$1,066,888$867,364$1,620,392
72$2,202,127$1,075,971$853,227$1,707,938
73$2,382,189$1,084,139$837,255$1,802,972
74$2,579,214$1,091,304$819,345$1,906,254
75$2,794,888$1,097,372$799,387$2,018,622
76$3,031,068$1,102,244$777,268$2,141,002
77$3,289,797$1,105,814$752,867$2,274,414
78$3,573,328$1,107,971$726,060$2,419,986
79$3,884,141$1,108,594$696,715$2,578,965
80$4,224,965$1,107,557$664,698$2,752,722
81$4,598,810$1,104,726$629,864$2,942,775
82$5,008,989$1,099,958$592,064$3,150,799
83$5,459,150$1,093,100$551,142$3,378,639
84$5,953,314$1,083,993$506,936$3,628,336
85$6,495,909$1,072,465$459,275$3,902,138
86$7,091,812$1,058,336$407,981$4,202,529
87$7,746,396$1,041,414$352,869$4,532,249
88$8,465,582$1,021,497$293,743$4,894,319
89$9,255,890$998,369$230,402$5,292,076
90$10,124,504$971,802$162,634$5,729,199
91$11,079,339$941,556$90,218$6,209,748
92$12,129,115$907,375$12,923$6,738,202
93$13,283,437$868,989$0$7,319,502
94$14,552,891$826,113$0$7,973,201
95$15,949,137$778,444$0$8,694,922
96$17,485,023$725,662$0$9,488,726
97$19,174,706$667,430$0$10,361,985
98$21,033,782$603,390$0$11,322,824
99$23,079,436$533,164$0$12,380,203
100$25,330,603$456,354$0$13,543,999