Can I retire at age 61 with 927,000?

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 $927,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$76,551$75,869$75,204$74,554$73,920$73,454
2 years$37,896$37,191$36,507$35,843$35,200$34,730
3 years$25,013$24,304$23,622$22,965$22,332$21,873
4 years$18,573$17,866$17,191$16,545$15,928$15,482
5 years$14,710$14,007$13,341$12,708$12,108$11,678
6 years$12,135$11,438$10,781$10,163$9,581$9,166
7 years$10,297$9,606$8,959$8,355$7,792$7,394
8 years$8,919$8,234$7,598$7,009$6,464$6,082
9 years$7,848$7,169$6,544$5,970$5,444$5,078
10 years$6,991$6,319$5,706$5,146$4,638$4,288
11 years$6,291$5,626$5,023$4,479$3,989$3,654
12 years$5,708$5,049$4,458$3,929$3,457$3,138
13 years$5,215$4,563$3,983$3,468$3,014$2,710
14 years$4,792$4,148$3,579$3,079$2,642$2,353
15 years$4,427$3,789$3,231$2,746$2,327$2,051
16 years$4,107$3,476$2,929$2,459$2,056$1,795
17 years$3,825$3,202$2,666$2,209$1,823$1,575
18 years$3,575$2,958$2,433$1,991$1,621$1,386
19 years$3,352$2,742$2,228$1,799$1,445$1,222
20 years$3,151$2,548$2,044$1,629$1,291$1,080
21 years$2,969$2,373$1,880$1,479$1,155$956
22 years$2,804$2,215$1,733$1,344$1,035$848
23 years$2,654$2,072$1,600$1,224$929$752
24 years$2,516$1,941$1,480$1,117$835$669
25 years$2,390$1,822$1,371$1,020$752$595
26 years$2,273$1,712$1,271$932$677$530
27 years$2,166$1,611$1,180$854$610$472
28 years$2,066$1,518$1,097$782$551$421
29 years$1,973$1,432$1,021$717$497$376
30 years$1,887$1,353$951$658$449$335
31 years$1,806$1,279$887$604$406$299
32 years$1,731$1,210$827$555$368$268
33 years$1,660$1,146$773$511$333$239
34 years$1,594$1,086$722$470$301$214
35 years$1,531$1,030$675$433$273$191
36 years$1,472$978$631$398$247$171
37 years$1,417$929$591$367$224$153
38 years$1,364$883$553$338$203$137
39 years$1,314$839$518$312$184$123
40 years$1,267$798$486$288$167$110
41 years$1,223$760$456$266$152$99
42 years$1,180$724$427$245$137$88
43 years$1,140$690$401$226$125$79
44 years$1,101$657$376$209$113$71
45 years$1,065$627$353$193$103$63
46 years$1,030$598$332$178$93$57
47 years$997$571$312$165$85$51
48 years$965$545$293$152$77$46
49 years$934$520$276$141$70$41
50 years$905$497$259$130$64$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $927,000, adding $6,155 every year, while hoping to spend $57,219 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: 57/21/22 Blend
60$927,000$927,000$927,000$927,000
61$1,027,903$978,772$964,403$1,080,076
62$1,071,868$965,851$935,830$1,103,445
63$1,118,401$950,380$904,382$1,122,261
64$1,167,701$932,172$869,903$1,141,528
65$1,219,990$911,031$832,228$1,161,304
66$1,275,507$886,750$791,185$1,181,655
67$1,334,516$859,108$746,598$1,202,659
68$1,397,305$827,872$698,276$1,224,401
69$1,464,188$792,796$646,027$1,246,981
70$1,535,510$753,618$589,644$1,270,511
71$1,611,649$710,063$528,914$1,295,121
72$1,693,020$661,838$463,615$1,320,955
73$1,780,075$608,635$393,513$1,348,177
74$1,873,312$550,128$318,366$1,376,972
75$1,973,278$485,972$237,918$1,407,551
76$2,080,569$415,802$151,906$1,440,148
77$2,195,844$339,233$60,052$1,475,029
78$2,319,823$255,859$0$1,512,492
79$2,453,298$165,249$0$1,561,784
80$2,597,139$66,950$0$1,629,989
81$2,752,300$0$0$1,703,490
82$2,919,830$0$0$1,791,966
83$3,100,882$0$0$1,904,366
84$3,296,724$0$0$2,026,014
85$3,508,747$0$0$2,157,783
86$3,738,482$0$0$2,300,634
87$3,987,614$0$0$2,455,623
88$4,257,994$0$0$2,623,910
89$4,551,656$0$0$2,806,774
90$4,870,842$0$0$3,005,620
91$5,218,014$0$0$3,221,993
92$5,595,884$0$0$3,457,596
93$6,007,435$0$0$3,714,299
94$6,455,947$0$0$3,994,162
95$6,945,034$0$0$4,299,454
96$7,478,672$0$0$4,632,668
97$8,061,235$0$0$4,996,552
98$8,697,542$0$0$5,394,131
99$9,392,895$0$0$5,828,732
100$10,153,132$0$0$6,304,020