Can I retire at age 61 with 932,000?

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 $932,000?

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$76,964$76,278$75,609$74,956$74,319$72,611
2 years$38,101$37,391$36,704$36,037$35,390$33,678
3 years$25,148$24,436$23,750$23,089$22,453$20,791
4 years$18,673$17,963$17,284$16,634$16,014$14,415
5 years$14,789$14,083$13,413$12,777$12,173$10,642
6 years$12,201$11,500$10,840$10,218$9,632$8,170
7 years$10,353$9,658$9,008$8,401$7,834$6,441
8 years$8,967$8,278$7,639$7,047$6,499$5,174
9 years$7,890$7,208$6,580$6,002$5,473$4,216
10 years$7,029$6,353$5,736$5,174$4,663$3,473
11 years$6,325$5,656$5,050$4,503$4,010$2,885
12 years$5,738$5,076$4,482$3,950$3,475$2,413
13 years$5,243$4,588$4,004$3,487$3,031$2,029
14 years$4,818$4,170$3,598$3,095$2,657$1,714
15 years$4,450$3,809$3,248$2,761$2,339$1,453
16 years$4,129$3,495$2,945$2,472$2,067$1,235
17 years$3,846$3,219$2,680$2,221$1,833$1,053
18 years$3,594$2,974$2,446$2,001$1,630$900
19 years$3,370$2,757$2,240$1,809$1,453$770
20 years$3,168$2,562$2,055$1,638$1,298$660
21 years$2,985$2,386$1,891$1,487$1,161$567
22 years$2,819$2,227$1,742$1,352$1,041$487
23 years$2,668$2,083$1,609$1,231$934$419
24 years$2,530$1,952$1,488$1,123$840$360
25 years$2,403$1,832$1,378$1,025$756$310
26 years$2,286$1,721$1,278$937$681$268
27 years$2,178$1,620$1,187$858$614$231
28 years$2,077$1,527$1,103$786$554$199
29 years$1,984$1,440$1,027$721$500$172
30 years$1,897$1,360$956$662$452$148
31 years$1,816$1,286$892$608$408$128
32 years$1,740$1,217$832$558$369$111
33 years$1,669$1,152$777$514$334$96
34 years$1,602$1,092$726$473$303$83
35 years$1,539$1,036$679$435$274$71
36 years$1,480$983$635$401$248$62
37 years$1,424$934$594$369$225$53
38 years$1,372$887$556$340$204$46
39 years$1,322$844$521$314$185$40
40 years$1,274$803$489$289$168$34
41 years$1,229$764$458$267$152$30
42 years$1,187$728$430$246$138$26
43 years$1,146$693$403$227$125$22
44 years$1,107$661$379$210$114$19
45 years$1,071$630$355$194$103$17
46 years$1,035$601$334$179$94$14
47 years$1,002$574$314$166$85$12
48 years$970$548$295$153$77$11
49 years$939$523$277$141$70$9
50 years$910$500$260$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $932,000, adding $6,088 every year, while hoping to spend $39,526 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: 51/44/5 Blend
60$932,000$932,000$932,000$932,000
61$1,033,344$983,948$969,502$1,084,537
62$1,096,689$990,106$959,925$1,126,124
63$1,165,172$995,241$948,702$1,166,502
64$1,239,273$999,261$935,737$1,209,437
65$1,319,522$1,002,069$920,928$1,255,175
66$1,406,504$1,003,560$904,169$1,303,992
67$1,500,857$1,003,625$885,349$1,356,191
68$1,603,288$1,002,146$864,352$1,412,108
69$1,714,571$998,999$841,055$1,472,115
70$1,835,559$994,051$815,332$1,536,624
71$1,967,190$987,164$787,050$1,606,090
72$2,110,496$978,187$756,068$1,681,019
73$2,266,613$966,965$722,243$1,761,967
74$2,436,790$953,329$685,421$1,849,554
75$2,622,403$937,103$645,443$1,944,462
76$2,824,967$918,099$602,144$2,047,447
77$3,046,146$896,119$555,349$2,159,345
78$3,287,777$870,952$504,877$2,281,081
79$3,551,878$842,377$450,538$2,413,678
80$3,840,673$810,157$392,134$2,558,265
81$4,156,610$774,043$329,459$2,716,095
82$4,502,384$733,771$262,296$2,888,548
83$4,880,964$689,062$190,420$3,077,153
84$5,295,619$639,622$113,595$3,283,599
85$5,749,947$585,139$31,575$3,509,752
86$6,247,913$525,282$0$3,757,675
87$6,793,883$459,704$0$4,032,632
88$7,392,665$388,036$0$4,336,149
89$8,049,556$309,889$0$4,669,335
90$8,770,390$224,852$0$5,035,281
91$9,561,591$132,492$0$5,437,396
92$10,430,239$32,349$0$5,879,449
93$11,384,130$0$0$6,365,596
94$12,431,853$0$0$6,937,257
95$13,582,869$0$0$7,582,586
96$14,847,603$0$0$8,291,777
97$16,237,537$0$0$9,071,283
98$17,765,322$0$0$9,928,210
99$19,444,895$0$0$10,870,392
100$21,291,610$0$0$11,906,455