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%14.6%
1 years$74,321$73,659$73,013$72,383$71,767$70,405
2 years$36,793$36,107$35,443$34,799$34,175$32,807
3 years$24,285$23,597$22,934$22,296$21,682$20,352
4 years$18,032$17,346$16,690$16,063$15,464$14,182
5 years$14,281$13,599$12,952$12,338$11,755$10,525
6 years$11,782$11,105$10,467$9,867$9,302$8,124
7 years$9,997$9,326$8,698$8,112$7,565$6,441
8 years$8,659$7,994$7,377$6,805$6,276$5,205
9 years$7,619$6,960$6,354$5,796$5,285$4,266
10 years$6,787$6,135$5,539$4,997$4,503$3,536
11 years$6,108$5,462$4,877$4,348$3,873$2,956
12 years$5,541$4,902$4,328$3,814$3,356$2,488
13 years$5,063$4,430$3,867$3,367$2,927$2,106
14 years$4,653$4,027$3,474$2,989$2,565$1,791
15 years$4,298$3,679$3,137$2,666$2,259$1,529
16 years$3,987$3,375$2,844$2,387$1,996$1,309
17 years$3,714$3,108$2,588$2,145$1,770$1,124
18 years$3,471$2,872$2,362$1,933$1,574$968
19 years$3,254$2,662$2,163$1,746$1,403$834
20 years$3,059$2,474$1,985$1,582$1,253$721
21 years$2,883$2,304$1,826$1,436$1,121$623
22 years$2,722$2,151$1,683$1,305$1,005$540
23 years$2,577$2,012$1,554$1,189$902$468
24 years$2,443$1,885$1,437$1,084$811$406
25 years$2,320$1,769$1,331$990$730$352
26 years$2,207$1,662$1,234$905$657$306
27 years$2,103$1,564$1,146$829$593$266
28 years$2,006$1,474$1,065$759$535$231
29 years$1,916$1,391$991$696$483$201
30 years$1,832$1,313$924$639$436$175
31 years$1,754$1,242$861$587$394$153
32 years$1,680$1,175$803$539$357$133
33 years$1,612$1,113$750$496$323$116
34 years$1,547$1,054$701$456$292$101
35 years$1,487$1,000$655$420$265$88
36 years$1,429$949$613$387$240$77
37 years$1,375$902$574$356$217$67
38 years$1,324$857$537$329$197$58
39 years$1,276$815$503$303$179$51
40 years$1,230$775$472$279$162$44
41 years$1,187$738$442$258$147$39
42 years$1,146$703$415$238$133$34
43 years$1,107$670$389$220$121$29
44 years$1,069$638$366$203$110$26
45 years$1,034$609$343$187$100$22
46 years$1,000$581$322$173$91$20
47 years$968$554$303$160$82$17
48 years$937$529$285$148$75$15
49 years$907$505$267$136$68$13
50 years$879$482$251$126$62$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $900,000, adding $4,046 every year, while hoping to spend $58,793 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: 37/35/28 Blend
60$900,000$900,000$900,000$900,000
61$995,973$948,273$934,323$1,024,363
62$1,035,007$932,184$903,068$1,029,615
63$1,076,052$913,335$868,795$1,029,639
64$1,119,251$891,530$831,341$1,028,540
65$1,164,760$866,560$790,536$1,026,255
66$1,212,748$838,204$746,202$1,022,720
67$1,263,400$806,227$698,151$1,017,871
68$1,316,918$770,383$646,190$1,011,643
69$1,373,520$730,409$590,114$1,003,971
70$1,433,448$686,028$529,712$994,790
71$1,496,963$636,947$464,761$984,034
72$1,564,352$582,856$395,029$971,640
73$1,635,928$523,427$320,274$957,545
74$1,712,032$458,315$240,243$941,689
75$1,793,041$387,154$154,672$924,014
76$1,879,363$309,556$63,286$904,465
77$1,971,448$225,114$0$882,993
78$2,069,788$133,397$0$869,783
79$2,174,922$33,950$0$875,409
80$2,287,441$0$0$881,009
81$2,407,994$0$0$915,048
82$2,537,291$0$0$965,664
83$2,676,112$0$0$1,020,097
84$2,825,313$0$0$1,078,694
85$2,985,835$0$0$1,141,836
86$3,158,708$0$0$1,209,942
87$3,345,067$0$0$1,283,471
88$3,546,155$0$0$1,362,929
89$3,763,341$0$0$1,448,870
90$3,998,128$0$0$1,541,906
91$4,252,167$0$0$1,642,707
92$4,527,274$0$0$1,752,010
93$4,825,446$0$0$1,870,628
94$5,148,878$0$0$1,999,451
95$5,499,983$0$0$2,139,463
96$5,881,418$0$0$2,291,741
97$6,296,103$0$0$2,457,475
98$6,747,251$0$0$2,637,970
99$7,238,398$0$0$2,834,666
100$7,773,435$0$0$3,049,146