Can I retire at age 61 with 900,000?

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 $900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$74,321$73,659$73,013$72,383$71,767$69,665
2 years$36,793$36,107$35,443$34,799$34,175$32,074
3 years$24,285$23,597$22,934$22,296$21,682$19,648
4 years$18,032$17,346$16,690$16,063$15,464$13,513
5 years$14,281$13,599$12,952$12,338$11,755$9,893
6 years$11,782$11,105$10,467$9,867$9,302$7,529
7 years$9,997$9,326$8,698$8,112$7,565$5,881
8 years$8,659$7,994$7,377$6,805$6,276$4,681
9 years$7,619$6,960$6,354$5,796$5,285$3,778
10 years$6,787$6,135$5,539$4,997$4,503$3,081
11 years$6,108$5,462$4,877$4,348$3,873$2,533
12 years$5,541$4,902$4,328$3,814$3,356$2,096
13 years$5,063$4,430$3,867$3,367$2,927$1,744
14 years$4,653$4,027$3,474$2,989$2,565$1,457
15 years$4,298$3,679$3,137$2,666$2,259$1,221
16 years$3,987$3,375$2,844$2,387$1,996$1,027
17 years$3,714$3,108$2,588$2,145$1,770$865
18 years$3,471$2,872$2,362$1,933$1,574$730
19 years$3,254$2,662$2,163$1,746$1,403$618
20 years$3,059$2,474$1,985$1,582$1,253$523
21 years$2,883$2,304$1,826$1,436$1,121$443
22 years$2,722$2,151$1,683$1,305$1,005$376
23 years$2,577$2,012$1,554$1,189$902$320
24 years$2,443$1,885$1,437$1,084$811$272
25 years$2,320$1,769$1,331$990$730$231
26 years$2,207$1,662$1,234$905$657$197
27 years$2,103$1,564$1,146$829$593$167
28 years$2,006$1,474$1,065$759$535$142
29 years$1,916$1,391$991$696$483$121
30 years$1,832$1,313$924$639$436$103
31 years$1,754$1,242$861$587$394$88
32 years$1,680$1,175$803$539$357$75
33 years$1,612$1,113$750$496$323$64
34 years$1,547$1,054$701$456$292$55
35 years$1,487$1,000$655$420$265$47
36 years$1,429$949$613$387$240$40
37 years$1,375$902$574$356$217$34
38 years$1,324$857$537$329$197$29
39 years$1,276$815$503$303$179$25
40 years$1,230$775$472$279$162$21
41 years$1,187$738$442$258$147$18
42 years$1,146$703$415$238$133$15
43 years$1,107$670$389$220$121$13
44 years$1,069$638$366$203$110$11
45 years$1,034$609$343$187$100$9
46 years$1,000$581$322$173$91$8
47 years$968$554$303$160$82$7
48 years$937$529$285$148$75$6
49 years$907$505$267$136$68$5
50 years$879$482$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $900,000, adding $5,116 every year, while hoping to spend $56,751 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: 59/27/14 Blend
60$900,000$900,000$900,000$900,000
61$997,077$949,377$935,427$1,052,107
62$1,038,396$935,514$906,381$1,075,970
63$1,082,028$919,070$874,460$1,095,211
64$1,128,148$899,857$839,508$1,114,852
65$1,176,949$877,680$801,361$1,134,939
66$1,228,640$852,328$759,849$1,155,523
67$1,283,450$823,581$714,793$1,176,667
68$1,341,630$791,204$666,006$1,198,438
69$1,403,452$754,950$613,294$1,220,918
70$1,469,218$714,556$556,453$1,244,197
71$1,539,254$669,745$495,269$1,268,379
72$1,613,919$620,224$429,522$1,293,582
73$1,693,606$565,682$358,979$1,319,941
74$1,778,747$505,793$283,397$1,347,608
75$1,869,811$440,209$202,523$1,376,755
76$1,967,318$368,565$116,094$1,407,577
77$2,071,834$290,475$23,832$1,440,294
78$2,183,982$205,529$0$1,475,153
79$2,304,445$113,297$0$1,523,581
80$2,433,973$13,323$0$1,579,267
81$2,573,388$0$0$1,639,046
82$2,723,596$0$0$1,731,550
83$2,885,587$0$0$1,835,637
84$3,060,454$0$0$1,948,055
85$3,249,393$0$0$2,069,583
86$3,453,723$0$0$2,201,077
87$3,674,891$0$0$2,343,475
88$3,914,487$0$0$2,497,811
89$4,174,263$0$0$2,665,222
90$4,456,141$0$0$2,846,956
91$4,762,238$0$0$3,044,389
92$5,094,882$0$0$3,259,031
93$5,456,632$0$0$3,492,547
94$5,850,306$0$0$3,746,765
95$6,279,003$0$0$4,023,701
96$6,746,135$0$0$4,325,569
97$7,255,454$0$0$4,654,808
98$7,811,092$0$0$5,014,103
99$8,417,596$0$0$5,406,407
100$9,079,971$0$0$5,834,974