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%11.2%
1 years$76,386$75,705$75,041$74,393$73,761$73,388
2 years$37,815$37,110$36,428$35,766$35,124$34,748
3 years$24,959$24,252$23,571$22,916$22,284$21,916
4 years$18,533$17,828$17,154$16,509$15,893$15,537
5 years$14,678$13,977$13,312$12,681$12,082$11,737
6 years$12,109$11,413$10,758$10,141$9,560$9,228
7 years$10,275$9,585$8,940$8,337$7,775$7,455
8 years$8,900$8,216$7,582$6,994$6,450$6,143
9 years$7,831$7,154$6,530$5,957$5,432$5,138
10 years$6,976$6,306$5,693$5,135$4,628$4,347
11 years$6,277$5,613$5,012$4,469$3,980$3,711
12 years$5,695$5,038$4,448$3,920$3,449$3,192
13 years$5,203$4,553$3,974$3,461$3,008$2,763
14 years$4,782$4,139$3,571$3,072$2,637$2,403
15 years$4,417$3,781$3,224$2,740$2,322$2,099
16 years$4,098$3,469$2,923$2,453$2,052$1,840
17 years$3,817$3,195$2,660$2,204$1,819$1,619
18 years$3,567$2,952$2,428$1,986$1,618$1,427
19 years$3,344$2,736$2,223$1,795$1,442$1,261
20 years$3,144$2,542$2,040$1,626$1,288$1,117
21 years$2,963$2,368$1,876$1,475$1,152$991
22 years$2,798$2,211$1,729$1,341$1,033$881
23 years$2,648$2,067$1,597$1,222$927$783
24 years$2,511$1,937$1,477$1,114$833$698
25 years$2,385$1,818$1,368$1,018$750$622
26 years$2,269$1,708$1,269$930$676$555
27 years$2,161$1,608$1,178$852$609$496
28 years$2,062$1,515$1,095$780$550$443
29 years$1,969$1,429$1,019$716$496$397
30 years$1,883$1,350$949$657$448$355
31 years$1,802$1,276$885$603$405$318
32 years$1,727$1,207$826$554$367$285
33 years$1,657$1,143$771$510$332$255
34 years$1,590$1,084$720$469$300$229
35 years$1,528$1,028$673$432$272$205
36 years$1,469$976$630$398$247$184
37 years$1,414$927$590$366$223$165
38 years$1,361$881$552$338$203$148
39 years$1,312$837$517$311$184$133
40 years$1,265$797$485$287$167$119
41 years$1,220$758$455$265$151$107
42 years$1,178$722$426$245$137$96
43 years$1,137$688$400$226$125$86
44 years$1,099$656$376$208$113$78
45 years$1,062$626$353$192$103$70
46 years$1,028$597$331$178$93$63
47 years$994$569$311$164$85$56
48 years$963$544$292$152$77$51
49 years$932$519$275$140$70$46
50 years$903$496$258$130$63$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $925,000, adding $2,827 every year, while hoping to spend $22,497 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: 60/15/25 Blend
60$925,000$925,000$925,000$925,000
61$1,022,266$973,241$958,904$1,076,594
62$1,102,601$996,993$967,090$1,137,630
63$1,190,375$1,021,155$974,797$1,201,517
64$1,286,325$1,045,723$981,984$1,270,742
65$1,391,260$1,070,693$988,610$1,345,827
66$1,506,070$1,096,059$994,630$1,427,350
67$1,631,737$1,121,814$999,999$1,515,947
68$1,769,342$1,147,951$1,004,667$1,612,318
69$1,920,075$1,174,460$1,008,582$1,717,235
70$2,085,245$1,201,331$1,011,693$1,831,549
71$2,266,296$1,228,553$1,013,941$1,956,199
72$2,464,818$1,256,112$1,015,267$2,092,217
73$2,682,561$1,283,992$1,015,610$2,240,744
74$2,921,453$1,312,179$1,014,904$2,403,034
75$3,183,618$1,340,653$1,013,080$2,580,470
76$3,471,396$1,369,393$1,010,067$2,774,579
77$3,787,363$1,398,378$1,005,789$2,987,042
78$4,134,357$1,427,582$1,000,166$3,219,710
79$4,515,507$1,456,979$993,117$3,474,626
80$4,934,257$1,486,539$984,555$3,754,040
81$5,394,402$1,516,230$974,388$4,060,434
82$5,900,121$1,546,016$962,521$4,396,541
83$6,456,023$1,575,860$948,854$4,765,376
84$7,067,180$1,605,720$933,283$5,170,259
85$7,739,183$1,635,551$915,699$5,614,854
86$8,478,192$1,665,305$895,988$6,103,193
87$9,290,993$1,694,930$874,028$6,639,727
88$10,185,062$1,724,370$849,696$7,229,357
89$11,168,638$1,753,563$822,860$7,877,487
90$12,250,796$1,782,445$793,383$8,590,072
91$13,441,537$1,810,945$761,122$9,373,678
92$14,751,881$1,838,988$725,926$10,235,538
93$16,193,968$1,866,493$687,639$11,183,629
94$17,781,175$1,893,374$646,098$12,226,739
95$19,528,244$1,919,538$601,131$13,374,555
96$21,451,415$1,944,886$552,560$14,637,757
97$23,568,585$1,969,312$500,196$16,028,110
98$25,899,475$1,992,701$443,847$17,558,587
99$28,465,812$2,014,935$383,306$19,243,482
100$31,291,540$2,035,882$318,362$21,098,553