Can I retire at age 61 with 918,000?

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 $918,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$75,808$75,132$74,474$73,830$73,203$72,468
2 years$37,529$36,830$36,152$35,495$34,858$34,119
3 years$24,770$24,069$23,393$22,742$22,116$21,394
4 years$18,393$17,693$17,024$16,385$15,773$15,074
5 years$14,567$13,871$13,211$12,585$11,990$11,317
6 years$12,017$11,327$10,677$10,064$9,488$8,840
7 years$10,197$9,512$8,872$8,274$7,716$7,095
8 years$8,832$8,154$7,525$6,941$6,401$5,806
9 years$7,771$7,099$6,481$5,912$5,391$4,822
10 years$6,923$6,258$5,650$5,096$4,593$4,050
11 years$6,230$5,571$4,974$4,435$3,950$3,433
12 years$5,652$5,000$4,415$3,890$3,423$2,931
13 years$5,164$4,519$3,944$3,435$2,985$2,517
14 years$4,746$4,107$3,544$3,049$2,617$2,172
15 years$4,384$3,752$3,200$2,719$2,304$1,882
16 years$4,067$3,443$2,901$2,435$2,036$1,637
17 years$3,788$3,170$2,640$2,188$1,805$1,427
18 years$3,540$2,930$2,410$1,971$1,605$1,248
19 years$3,319$2,715$2,206$1,781$1,431$1,094
20 years$3,120$2,523$2,025$1,613$1,278$960
21 years$2,940$2,350$1,862$1,464$1,144$844
22 years$2,777$2,194$1,716$1,331$1,025$743
23 years$2,628$2,052$1,585$1,212$920$655
24 years$2,492$1,922$1,466$1,106$827$578
25 years$2,367$1,804$1,357$1,010$744$511
26 years$2,251$1,696$1,259$923$670$452
27 years$2,145$1,596$1,169$845$604$400
28 years$2,046$1,504$1,087$774$545$354
29 years$1,954$1,418$1,011$710$493$314
30 years$1,869$1,340$942$652$445$278
31 years$1,789$1,266$878$599$402$246
32 years$1,714$1,198$819$550$364$219
33 years$1,644$1,135$765$506$329$194
34 years$1,578$1,076$715$465$298$172
35 years$1,516$1,020$668$428$270$153
36 years$1,458$968$625$395$245$136
37 years$1,403$920$585$364$222$121
38 years$1,351$874$548$335$201$107
39 years$1,302$831$513$309$182$95
40 years$1,255$791$481$285$165$85
41 years$1,211$753$451$263$150$75
42 years$1,169$717$423$243$136$67
43 years$1,129$683$397$224$124$59
44 years$1,091$651$373$207$112$53
45 years$1,054$621$350$191$102$47
46 years$1,020$592$329$176$92$42
47 years$987$565$309$163$84$37
48 years$955$539$290$151$76$33
49 years$925$515$273$139$69$29
50 years$896$492$257$129$63$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $918,000, adding $4,197 every year, while hoping to spend $23,627 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: 49/26/25 Blend
60$918,000$918,000$918,000$918,000
61$1,015,965$967,311$953,082$1,058,370
62$1,094,455$989,571$959,872$1,110,673
63$1,180,158$1,012,129$966,096$1,164,769
64$1,273,787$1,034,975$971,713$1,223,067
65$1,376,123$1,058,099$976,675$1,285,975
66$1,488,028$1,081,486$980,935$1,353,942
67$1,610,451$1,105,124$984,440$1,427,465
68$1,744,437$1,128,994$987,138$1,507,087
69$1,891,135$1,153,081$988,973$1,593,413
70$2,051,813$1,177,363$989,886$1,687,104
71$2,227,864$1,201,821$989,814$1,788,893
72$2,420,827$1,226,430$988,693$1,899,585
73$2,632,391$1,251,166$986,454$2,020,071
74$2,864,422$1,275,999$983,027$2,151,329
75$3,118,970$1,300,901$978,336$2,294,442
76$3,398,298$1,325,838$972,302$2,450,599
77$3,704,894$1,350,774$964,845$2,621,116
78$4,041,502$1,375,671$955,876$2,807,441
79$4,411,144$1,400,487$945,306$3,011,170
80$4,817,147$1,425,177$933,041$3,234,064
81$5,263,179$1,449,694$918,980$3,478,064
82$5,753,279$1,473,984$903,022$3,745,312
83$6,291,896$1,497,993$885,056$4,038,165
84$6,883,934$1,521,658$864,969$4,359,226
85$7,534,793$1,544,917$842,643$4,711,363
86$8,250,423$1,567,699$817,953$5,097,738
87$9,037,380$1,589,931$790,769$5,521,838
88$9,902,888$1,611,532$760,955$5,987,506
89$10,854,904$1,632,419$728,368$6,498,978
90$11,902,196$1,652,499$692,860$7,060,927
91$13,054,425$1,671,677$654,276$7,678,503
92$14,322,235$1,689,847$612,452$8,357,383
93$15,717,353$1,706,900$567,220$9,103,826
94$17,252,702$1,722,717$518,401$9,924,732
95$18,942,521$1,737,173$465,810$10,827,706
96$20,802,497$1,750,134$409,254$11,821,135
97$22,849,918$1,761,457$348,530$12,914,262
98$25,103,831$1,770,990$283,428$14,117,276
99$27,585,225$1,778,571$213,726$15,441,409
100$30,317,226$1,784,030$139,194$16,899,044