Can I retire at age 61 with 919,000?

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 $919,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$75,890$75,214$74,555$73,911$73,282$70,908
2 years$37,569$36,870$36,192$35,534$34,896$32,527
3 years$24,797$24,095$23,418$22,767$22,140$19,849
4 years$18,413$17,712$17,043$16,402$15,790$13,596
5 years$14,583$13,887$13,226$12,599$12,003$9,911
6 years$12,031$11,339$10,688$10,075$9,498$7,510
7 years$10,208$9,523$8,882$8,283$7,724$5,840
8 years$8,842$8,163$7,533$6,949$6,408$4,626
9 years$7,780$7,107$6,488$5,919$5,397$3,715
10 years$6,931$6,265$5,656$5,102$4,598$3,015
11 years$6,236$5,577$4,980$4,440$3,955$2,466
12 years$5,658$5,006$4,419$3,895$3,427$2,030
13 years$5,170$4,524$3,948$3,438$2,988$1,680
14 years$4,751$4,112$3,548$3,052$2,620$1,395
15 years$4,388$3,756$3,203$2,722$2,306$1,163
16 years$4,072$3,446$2,904$2,437$2,038$972
17 years$3,792$3,174$2,643$2,190$1,807$814
18 years$3,544$2,933$2,412$1,974$1,607$684
19 years$3,323$2,718$2,208$1,783$1,432$575
20 years$3,123$2,526$2,027$1,615$1,279$484
21 years$2,943$2,353$1,864$1,466$1,145$407
22 years$2,780$2,196$1,718$1,333$1,026$344
23 years$2,631$2,054$1,586$1,214$921$290
24 years$2,495$1,924$1,467$1,107$828$245
25 years$2,369$1,806$1,359$1,011$745$207
26 years$2,254$1,697$1,260$924$671$175
27 years$2,147$1,597$1,170$846$605$148
28 years$2,048$1,505$1,088$775$546$125
29 years$1,956$1,420$1,012$711$493$106
30 years$1,871$1,341$943$652$446$90
31 years$1,791$1,268$879$599$403$76
32 years$1,716$1,200$820$551$364$64
33 years$1,646$1,136$766$506$330$54
34 years$1,580$1,077$716$466$299$46
35 years$1,518$1,021$669$429$270$39
36 years$1,460$969$626$395$245$33
37 years$1,404$921$586$364$222$28
38 years$1,352$875$549$335$201$24
39 years$1,303$832$514$309$183$20
40 years$1,256$792$482$285$166$17
41 years$1,212$753$452$263$150$14
42 years$1,170$718$424$243$136$12
43 years$1,130$684$398$224$124$10
44 years$1,092$652$373$207$112$9
45 years$1,056$621$350$191$102$7
46 years$1,021$593$329$177$93$6
47 years$988$566$309$163$84$5
48 years$956$540$291$151$76$5
49 years$926$516$273$139$69$4
50 years$897$493$257$129$63$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $919,000, adding $4,721 every year, while hoping to spend $23,576 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: 38/50/12 Blend
60$919,000$919,000$919,000$919,000
61$1,017,608$968,901$954,656$1,052,391
62$1,096,319$991,292$961,553$1,099,967
63$1,182,269$1,013,991$967,890$1,148,703
64$1,276,170$1,036,986$973,624$1,200,853
65$1,378,809$1,060,268$978,710$1,256,732
66$1,491,050$1,083,823$983,099$1,316,692
67$1,613,844$1,107,638$986,740$1,381,116
68$1,748,241$1,131,697$989,581$1,450,429
69$1,895,395$1,155,984$991,565$1,525,100
70$2,056,577$1,180,478$992,634$1,605,642
71$2,233,186$1,205,160$992,726$1,692,625
72$2,426,765$1,230,007$991,776$1,786,673
73$2,639,012$1,254,994$989,717$1,888,476
74$2,871,796$1,280,094$986,478$1,998,795
75$3,127,178$1,305,278$981,984$2,118,467
76$3,407,427$1,330,512$976,156$2,248,416
77$3,715,041$1,355,764$968,914$2,389,661
78$4,052,773$1,380,995$960,171$2,543,323
79$4,423,656$1,406,164$949,837$2,710,641
80$4,831,031$1,431,227$937,818$2,892,979
81$5,278,577$1,456,138$924,016$3,091,840
82$5,770,348$1,480,845$908,326$3,308,883
83$6,310,810$1,505,293$890,642$3,545,936
84$6,904,884$1,529,424$870,850$3,805,014
85$7,557,991$1,553,174$848,832$4,088,340
86$8,276,101$1,576,475$824,463$4,398,364
87$9,065,796$1,599,255$797,615$4,737,787
88$9,934,324$1,621,435$768,152$5,109,586
89$10,889,671$1,642,932$735,932$5,517,046
90$11,940,639$1,663,657$700,807$5,963,786
91$13,096,922$1,683,514$662,622$6,453,797
92$14,369,204$1,702,402$621,215$6,991,480
93$15,769,255$1,720,212$576,418$7,581,686
94$17,310,045$1,736,828$528,054$8,229,763
95$19,005,864$1,752,127$475,938$8,941,608
96$20,872,457$1,765,976$419,877$9,723,722
97$22,927,174$1,778,236$359,670$10,583,271
98$25,189,133$1,788,757$295,106$11,528,158
99$27,679,399$1,797,380$225,966$12,567,092
100$30,421,182$1,803,936$152,020$13,709,676