Can I retire at age 61 with 939,000?

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 $939,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$77,542$76,851$76,177$75,519$74,877$72,451
2 years$38,387$37,672$36,979$36,307$35,656$33,235
3 years$25,337$24,619$23,928$23,263$22,622$20,281
4 years$18,813$18,098$17,413$16,759$16,134$13,892
5 years$14,900$14,189$13,514$12,873$12,265$10,127
6 years$12,292$11,586$10,921$10,294$9,705$7,673
7 years$10,430$9,730$9,075$8,464$7,892$5,967
8 years$9,034$8,340$7,697$7,100$6,548$4,727
9 years$7,949$7,262$6,629$6,048$5,514$3,796
10 years$7,082$6,401$5,779$5,213$4,698$3,080
11 years$6,372$5,698$5,088$4,537$4,041$2,520
12 years$5,781$5,115$4,516$3,979$3,502$2,074
13 years$5,282$4,622$4,034$3,513$3,053$1,716
14 years$4,854$4,201$3,625$3,119$2,677$1,426
15 years$4,484$3,838$3,273$2,781$2,357$1,188
16 years$4,160$3,521$2,967$2,490$2,083$993
17 years$3,875$3,243$2,700$2,238$1,847$832
18 years$3,621$2,997$2,465$2,017$1,642$698
19 years$3,395$2,777$2,256$1,822$1,464$587
20 years$3,191$2,581$2,071$1,650$1,307$494
21 years$3,007$2,404$1,905$1,498$1,170$416
22 years$2,840$2,244$1,756$1,362$1,049$351
23 years$2,688$2,099$1,621$1,240$941$296
24 years$2,549$1,966$1,499$1,131$846$250
25 years$2,421$1,845$1,388$1,033$761$211
26 years$2,303$1,734$1,288$945$686$179
27 years$2,194$1,632$1,196$865$618$151
28 years$2,093$1,538$1,112$792$558$128
29 years$1,999$1,451$1,034$726$504$108
30 years$1,911$1,370$964$667$455$92
31 years$1,830$1,295$898$612$412$78
32 years$1,753$1,226$838$563$372$66
33 years$1,682$1,161$783$517$337$56
34 years$1,614$1,100$731$476$305$47
35 years$1,551$1,043$684$438$276$40
36 years$1,491$990$639$404$250$34
37 years$1,435$941$599$372$227$29
38 years$1,382$894$561$343$206$24
39 years$1,331$850$525$316$187$21
40 years$1,284$809$492$292$169$17
41 years$1,238$770$462$269$153$15
42 years$1,195$733$433$248$139$12
43 years$1,155$699$406$229$126$11
44 years$1,116$666$381$212$115$9
45 years$1,079$635$358$195$104$8
46 years$1,043$606$336$180$95$6
47 years$1,009$578$316$167$86$5
48 years$977$552$297$154$78$5
49 years$946$527$279$142$71$4
50 years$917$503$262$132$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $939,000, adding $6,314 every year, while hoping to spend $36,566 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: 61/26/13 Blend
60$939,000$939,000$939,000$939,000
61$1,041,291$991,524$976,969$1,101,149
62$1,108,597$1,001,203$970,792$1,151,805
63$1,181,542$1,010,130$963,182$1,202,350
64$1,260,664$1,018,231$954,053$1,256,621
65$1,346,552$1,025,425$943,314$1,314,979
66$1,439,855$1,031,626$930,871$1,377,826
67$1,541,289$1,036,743$916,623$1,445,603
68$1,651,637$1,040,681$900,466$1,518,798
69$1,771,765$1,043,335$882,293$1,597,949
70$1,902,623$1,044,596$861,988$1,683,651
71$2,045,257$1,044,349$839,431$1,776,560
72$2,200,821$1,042,469$814,500$1,877,399
73$2,370,581$1,038,826$787,061$1,986,967
74$2,555,932$1,033,281$756,980$2,106,147
75$2,758,411$1,025,686$724,113$2,235,911
76$2,979,709$1,015,884$688,311$2,377,334
77$3,221,688$1,003,711$649,418$2,531,601
78$3,486,397$988,989$607,270$2,700,021
79$3,776,093$971,533$561,697$2,884,036
80$4,093,262$951,146$512,521$3,085,240
81$4,440,640$927,617$459,556$3,305,392
82$4,821,241$900,727$402,608$3,546,430
83$5,238,386$870,240$341,472$3,810,494
84$5,695,728$835,909$275,939$4,099,947
85$6,197,294$797,471$205,785$4,417,393
86$6,747,520$754,648$130,780$4,765,707
87$7,351,288$707,147$50,682$5,148,060
88$8,013,980$654,657$0$5,567,950
89$8,741,521$596,851$0$6,034,063
90$9,540,440$533,381$0$6,553,646
91$10,417,929$463,880$0$7,124,395
92$11,381,908$387,961$0$7,751,529
93$12,441,106$305,215$0$8,440,804
94$13,605,137$215,208$0$9,198,564
95$14,884,593$117,485$0$10,031,805
96$16,291,143$11,564$0$10,948,239
97$17,837,643$0$0$11,956,370
98$19,538,258$0$0$13,095,059
99$21,408,592$0$0$14,351,108
100$23,465,840$0$0$15,732,766