Can I retire at age 61 with 926,000?

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 $926,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$76,468$75,787$75,123$74,474$73,841$72,143
2 years$37,856$37,151$36,467$35,805$35,162$33,462
3 years$24,986$24,278$23,597$22,940$22,308$20,658
4 years$18,553$17,847$17,172$16,527$15,910$14,322
5 years$14,694$13,992$13,326$12,695$12,095$10,574
6 years$12,122$11,426$10,770$10,152$9,570$8,118
7 years$10,286$9,595$8,950$8,346$7,783$6,399
8 years$8,909$8,225$7,590$7,002$6,457$5,141
9 years$7,839$7,161$6,537$5,964$5,438$4,189
10 years$6,984$6,312$5,699$5,141$4,633$3,451
11 years$6,284$5,620$5,018$4,474$3,985$2,866
12 years$5,701$5,044$4,453$3,924$3,453$2,397
13 years$5,209$4,558$3,978$3,465$3,011$2,016
14 years$4,787$4,143$3,575$3,076$2,640$1,703
15 years$4,422$3,785$3,227$2,743$2,324$1,443
16 years$4,103$3,473$2,926$2,456$2,054$1,227
17 years$3,821$3,198$2,663$2,207$1,821$1,046
18 years$3,571$2,955$2,431$1,989$1,619$894
19 years$3,348$2,739$2,225$1,797$1,443$765
20 years$3,147$2,545$2,042$1,627$1,289$656
21 years$2,966$2,371$1,878$1,477$1,154$563
22 years$2,801$2,213$1,731$1,343$1,034$484
23 years$2,651$2,070$1,598$1,223$928$416
24 years$2,514$1,939$1,478$1,115$834$358
25 years$2,387$1,820$1,369$1,019$751$308
26 years$2,271$1,710$1,270$931$676$266
27 years$2,164$1,610$1,179$853$610$229
28 years$2,064$1,517$1,096$781$550$198
29 years$1,971$1,431$1,020$716$497$171
30 years$1,885$1,351$950$657$449$147
31 years$1,804$1,277$886$604$406$127
32 years$1,729$1,209$827$555$367$110
33 years$1,658$1,145$772$510$332$95
34 years$1,592$1,085$721$469$301$82
35 years$1,530$1,029$674$432$272$71
36 years$1,471$977$631$398$247$61
37 years$1,415$928$590$367$224$53
38 years$1,363$882$553$338$203$46
39 years$1,313$838$518$312$184$40
40 years$1,266$798$485$287$167$34
41 years$1,221$759$455$265$151$30
42 years$1,179$723$427$245$137$26
43 years$1,139$689$401$226$125$22
44 years$1,100$657$376$209$113$19
45 years$1,064$626$353$193$103$17
46 years$1,029$597$332$178$93$14
47 years$995$570$312$164$85$12
48 years$964$544$293$152$77$11
49 years$933$520$275$140$70$9
50 years$904$496$259$130$63$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $926,000, adding $4,007 every year, while hoping to spend $48,867 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: 50/33/17 Blend
60$926,000$926,000$926,000$926,000
61$1,024,585$975,507$961,154$1,070,807
62$1,077,099$971,313$941,359$1,098,901
63$1,133,331$965,275$919,262$1,124,032
64$1,193,609$957,253$894,736$1,150,283
65$1,258,294$947,094$867,646$1,177,774
66$1,327,778$934,640$837,851$1,206,645
67$1,402,496$919,722$805,203$1,237,050
68$1,482,922$902,160$769,549$1,269,160
69$1,569,579$881,765$730,728$1,303,171
70$1,663,041$858,336$688,572$1,339,299
71$1,763,936$831,659$642,904$1,377,788
72$1,872,957$801,510$593,541$1,418,907
73$1,990,866$767,651$540,292$1,462,960
74$2,118,497$729,829$482,954$1,510,286
75$2,256,770$687,777$421,320$1,561,262
76$2,406,696$641,214$355,170$1,616,309
77$2,569,386$589,840$284,275$1,675,895
78$2,746,063$533,342$208,397$1,740,545
79$2,938,071$471,385$127,288$1,810,839
80$3,146,888$403,617$40,686$1,887,425
81$3,374,142$329,666$0$1,971,023
82$3,621,625$249,139$0$2,071,818
83$3,891,304$161,621$0$2,189,802
84$4,185,350$66,673$0$2,318,630
85$4,506,148$0$0$2,459,456
86$4,856,325$0$0$2,626,692
87$5,238,773$0$0$2,835,873
88$5,656,674$0$0$3,064,539
89$6,113,532$0$0$3,314,621
90$6,613,206$0$0$3,588,243
91$7,159,944$0$0$3,887,743
92$7,758,423$0$0$4,215,697
93$8,413,795$0$0$4,574,942
94$9,131,730$0$0$4,968,601
95$9,918,477$0$0$5,400,115
96$10,780,913$0$0$5,873,271
97$11,726,617$0$0$6,392,243
98$12,763,934$0$0$6,961,627
99$13,902,055$0$0$7,586,486
100$15,151,104$0$0$8,272,395