Can I retire at age 61 with 925,000?

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 $925,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$76,386$75,705$75,041$74,393$73,761$71,687
2 years$37,815$37,110$36,428$35,766$35,124$33,051
3 years$24,959$24,252$23,571$22,916$22,284$20,276
4 years$18,533$17,828$17,154$16,509$15,893$13,966
5 years$14,678$13,977$13,312$12,681$12,082$10,240
6 years$12,109$11,413$10,758$10,141$9,560$7,806
7 years$10,275$9,585$8,940$8,337$7,775$6,108
8 years$8,900$8,216$7,582$6,994$6,450$4,870
9 years$7,831$7,154$6,530$5,957$5,432$3,937
10 years$6,976$6,306$5,693$5,135$4,628$3,217
11 years$6,277$5,613$5,012$4,469$3,980$2,650
12 years$5,695$5,038$4,448$3,920$3,449$2,198
13 years$5,203$4,553$3,974$3,461$3,008$1,832
14 years$4,782$4,139$3,571$3,072$2,637$1,534
15 years$4,417$3,781$3,224$2,740$2,322$1,288
16 years$4,098$3,469$2,923$2,453$2,052$1,085
17 years$3,817$3,195$2,660$2,204$1,819$917
18 years$3,567$2,952$2,428$1,986$1,618$776
19 years$3,344$2,736$2,223$1,795$1,442$657
20 years$3,144$2,542$2,040$1,626$1,288$558
21 years$2,963$2,368$1,876$1,475$1,152$474
22 years$2,798$2,211$1,729$1,341$1,033$403
23 years$2,648$2,067$1,597$1,222$927$343
24 years$2,511$1,937$1,477$1,114$833$293
25 years$2,385$1,818$1,368$1,018$750$249
26 years$2,269$1,708$1,269$930$676$213
27 years$2,161$1,608$1,178$852$609$181
28 years$2,062$1,515$1,095$780$550$155
29 years$1,969$1,429$1,019$716$496$132
30 years$1,883$1,350$949$657$448$113
31 years$1,802$1,276$885$603$405$96
32 years$1,727$1,207$826$554$367$82
33 years$1,657$1,143$771$510$332$70
34 years$1,590$1,084$720$469$300$60
35 years$1,528$1,028$673$432$272$51
36 years$1,469$976$630$398$247$44
37 years$1,414$927$590$366$223$38
38 years$1,361$881$552$338$203$32
39 years$1,312$837$517$311$184$28
40 years$1,265$797$485$287$167$24
41 years$1,220$758$455$265$151$20
42 years$1,178$722$426$245$137$17
43 years$1,137$688$400$226$125$15
44 years$1,099$656$376$208$113$13
45 years$1,062$626$353$192$103$11
46 years$1,028$597$331$178$93$9
47 years$994$569$311$164$85$8
48 years$963$544$292$152$77$7
49 years$932$519$275$140$70$6
50 years$903$496$258$130$63$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $925,000, adding $2,150 every year, while hoping to spend $51,016 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: 68/13/19 Blend
60$925,000$925,000$925,000$925,000
61$1,021,568$972,543$958,205$1,086,124
62$1,071,487$965,917$936,024$1,122,910
63$1,124,788$957,256$911,391$1,156,974
64$1,181,762$946,408$884,168$1,192,988
65$1,242,729$933,208$854,214$1,231,141
66$1,308,037$917,485$821,381$1,271,643
67$1,378,071$899,056$785,511$1,314,726
68$1,453,252$877,728$746,444$1,360,648
69$1,534,042$853,295$704,008$1,409,693
70$1,620,948$825,540$658,026$1,462,177
71$1,714,527$794,234$608,312$1,518,450
72$1,815,391$759,133$554,672$1,578,899
73$1,924,211$719,981$496,904$1,643,953
74$2,041,726$676,506$434,796$1,714,087
75$2,168,747$628,419$368,126$1,789,826
76$2,306,165$575,417$296,664$1,871,751
77$2,454,960$517,179$220,169$1,960,506
78$2,616,210$453,364$138,388$2,056,802
79$2,791,098$383,614$51,059$2,161,427
80$2,980,929$307,550$0$2,275,251
81$3,187,133$224,770$0$2,407,781
82$3,411,289$134,852$0$2,563,140
83$3,655,129$37,348$0$2,732,204
84$3,920,561$0$0$2,916,338
85$4,209,684$0$0$3,126,805
86$4,524,809$0$0$3,362,072
87$4,868,477$0$0$3,618,701
88$5,243,486$0$0$3,898,787
89$5,652,917$0$0$4,204,639
90$6,100,160$0$0$4,538,794
91$6,588,946$0$0$4,904,050
92$7,123,386$0$0$5,303,484
93$7,708,003$0$0$5,740,486
94$8,347,779$0$0$6,218,788
95$9,048,200$0$0$6,742,499
96$9,815,305$0$0$7,316,144
97$10,655,747$0$0$7,944,708
98$11,576,851$0$0$8,633,677
99$12,586,686$0$0$9,389,098
100$13,694,137$0$0$10,217,628