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%
1 years$74,321$73,659$73,013$72,383$71,767$69,721
2 years$36,793$36,107$35,443$34,799$34,175$32,130
3 years$24,285$23,597$22,934$22,296$21,682$19,701
4 years$18,032$17,346$16,690$16,063$15,464$13,563
5 years$14,281$13,599$12,952$12,338$11,755$9,940
6 years$11,782$11,105$10,467$9,867$9,302$7,573
7 years$9,997$9,326$8,698$8,112$7,565$5,923
8 years$8,659$7,994$7,377$6,805$6,276$4,719
9 years$7,619$6,960$6,354$5,796$5,285$3,813
10 years$6,787$6,135$5,539$4,997$4,503$3,114
11 years$6,108$5,462$4,877$4,348$3,873$2,563
12 years$5,541$4,902$4,328$3,814$3,356$2,124
13 years$5,063$4,430$3,867$3,367$2,927$1,769
14 years$4,653$4,027$3,474$2,989$2,565$1,480
15 years$4,298$3,679$3,137$2,666$2,259$1,243
16 years$3,987$3,375$2,844$2,387$1,996$1,046
17 years$3,714$3,108$2,588$2,145$1,770$883
18 years$3,471$2,872$2,362$1,933$1,574$746
19 years$3,254$2,662$2,163$1,746$1,403$632
20 years$3,059$2,474$1,985$1,582$1,253$536
21 years$2,883$2,304$1,826$1,436$1,121$455
22 years$2,722$2,151$1,683$1,305$1,005$387
23 years$2,577$2,012$1,554$1,189$902$329
24 years$2,443$1,885$1,437$1,084$811$280
25 years$2,320$1,769$1,331$990$730$239
26 years$2,207$1,662$1,234$905$657$203
27 years$2,103$1,564$1,146$829$593$173
28 years$2,006$1,474$1,065$759$535$148
29 years$1,916$1,391$991$696$483$126
30 years$1,832$1,313$924$639$436$108
31 years$1,754$1,242$861$587$394$92
32 years$1,680$1,175$803$539$357$78
33 years$1,612$1,113$750$496$323$67
34 years$1,547$1,054$701$456$292$57
35 years$1,487$1,000$655$420$265$49
36 years$1,429$949$613$387$240$42
37 years$1,375$902$574$356$217$36
38 years$1,324$857$537$329$197$30
39 years$1,276$815$503$303$179$26
40 years$1,230$775$472$279$162$22
41 years$1,187$738$442$258$147$19
42 years$1,146$703$415$238$133$16
43 years$1,107$670$389$220$121$14
44 years$1,069$638$366$203$110$12
45 years$1,034$609$343$187$100$10
46 years$1,000$581$322$173$91$9
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$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $900,000, adding $6,065 every year, while hoping to spend $46,682 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: 70/17/13 Blend
60$900,000$900,000$900,000$900,000
61$998,056$950,356$936,406$1,064,662
62$1,050,188$947,254$918,106$1,106,568
63$1,106,074$942,436$897,629$1,146,199
64$1,166,046$935,767$874,852$1,188,347
65$1,230,470$927,108$849,647$1,233,254
66$1,299,748$916,306$821,881$1,281,182
67$1,374,322$903,204$791,413$1,332,427
68$1,454,675$887,634$758,097$1,387,313
69$1,541,339$869,415$721,781$1,446,196
70$1,634,899$848,360$682,304$1,509,473
71$1,735,997$824,268$639,500$1,577,581
72$1,845,339$796,928$593,193$1,651,004
73$1,963,701$766,114$543,202$1,730,276
74$2,091,934$731,589$489,335$1,815,986
75$2,230,977$693,103$431,394$1,908,787
76$2,381,861$650,390$369,170$2,009,399
77$2,545,720$603,168$302,446$2,118,617
78$2,723,801$551,141$230,996$2,237,321
79$2,917,477$493,995$154,582$2,366,481
80$3,128,257$431,397$72,958$2,507,170
81$3,357,802$362,999$0$2,660,572
82$3,607,940$288,428$0$2,829,958
83$3,880,683$207,294$0$3,025,737
84$4,178,245$119,184$0$3,239,413
85$4,503,063$23,661$0$3,472,787
86$4,857,819$0$0$3,727,846
87$5,245,467$0$0$4,021,699
88$5,669,258$0$0$4,347,835
89$6,132,771$0$0$4,704,588
90$6,639,948$0$0$5,094,997
91$7,195,128$0$0$5,522,411
92$7,803,091$0$0$5,990,514
93$8,469,099$0$0$6,503,366
94$9,198,947$0$0$7,065,436
95$9,999,019$0$0$7,681,646
96$10,876,345$0$0$8,357,420
97$11,838,667$0$0$9,098,728
98$12,894,512$0$0$9,912,149
99$14,053,276$0$0$10,804,927
100$15,325,305$0$0$11,785,043