Can I retire at age 61 with 999,000?

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 $999,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$82,496$81,762$81,045$80,345$79,662$78,895
2 years$40,840$40,079$39,342$38,627$37,934$37,162
3 years$26,956$26,192$25,457$24,749$24,067$23,313
4 years$20,016$19,254$18,526$17,830$17,165$16,435
5 years$15,852$15,095$14,377$13,695$13,048$12,345
6 years$13,078$12,327$11,619$10,952$10,325$9,649
7 years$11,097$10,352$9,655$9,004$8,397$7,748
8 years$9,612$8,873$8,188$7,554$6,966$6,345
9 years$8,457$7,726$7,053$6,434$5,866$5,272
10 years$7,534$6,810$6,149$5,546$4,998$4,431
11 years$6,779$6,063$5,413$4,827$4,299$3,758
12 years$6,151$5,441$4,804$4,234$3,725$3,210
13 years$5,620$4,917$4,292$3,738$3,248$2,759
14 years$5,164$4,470$3,857$3,318$2,848$2,382
15 years$4,770$4,083$3,482$2,959$2,507$2,066
16 years$4,426$3,746$3,157$2,650$2,216$1,798
17 years$4,122$3,450$2,873$2,381$1,965$1,569
18 years$3,853$3,188$2,622$2,145$1,747$1,373
19 years$3,612$2,955$2,401$1,939$1,557$1,204
20 years$3,395$2,746$2,203$1,756$1,391$1,058
21 years$3,200$2,558$2,026$1,593$1,245$931
22 years$3,022$2,387$1,868$1,449$1,116$820
23 years$2,860$2,233$1,725$1,319$1,001$724
24 years$2,712$2,092$1,595$1,203$900$639
25 years$2,576$1,963$1,477$1,099$810$565
26 years$2,450$1,845$1,370$1,005$730$500
27 years$2,334$1,736$1,272$920$658$443
28 years$2,227$1,636$1,183$843$594$392
29 years$2,127$1,544$1,101$773$536$348
30 years$2,034$1,458$1,025$709$484$308
31 years$1,947$1,378$956$651$438$274
32 years$1,865$1,304$892$599$396$243
33 years$1,789$1,235$833$550$358$216
34 years$1,717$1,170$778$507$325$192
35 years$1,650$1,110$727$466$294$170
36 years$1,587$1,054$680$429$266$151
37 years$1,527$1,001$637$396$241$135
38 years$1,470$951$596$365$219$120
39 years$1,417$904$559$336$198$106
40 years$1,366$860$524$310$180$95
41 years$1,318$819$491$286$163$84
42 years$1,272$780$461$264$148$75
43 years$1,228$743$432$244$134$67
44 years$1,187$708$406$225$122$59
45 years$1,147$676$381$208$111$53
46 years$1,110$644$358$192$101$47
47 years$1,074$615$336$177$91$42
48 years$1,040$587$316$164$83$37
49 years$1,007$561$297$151$75$33
50 years$975$536$279$140$68$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $999,000, adding $2,787 every year, while hoping to spend $39,003 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: 38/47/15 Blend
60$999,000$999,000$999,000$999,000
61$1,103,773$1,050,826$1,035,341$1,140,616
62$1,174,859$1,060,817$1,028,526$1,177,219
63$1,251,888$1,069,991$1,020,176$1,212,791
64$1,335,426$1,078,266$1,010,197$1,250,397
65$1,426,094$1,085,556$998,494$1,290,238
66$1,524,576$1,091,768$984,963$1,332,539
67$1,631,623$1,096,805$969,499$1,377,551
68$1,748,062$1,100,562$951,991$1,425,551
69$1,874,803$1,102,929$932,322$1,476,848
70$2,012,848$1,103,787$910,370$1,531,784
71$2,163,298$1,103,012$886,006$1,590,739
72$2,327,366$1,100,471$859,099$1,654,136
73$2,506,386$1,096,023$829,508$1,722,441
74$2,701,828$1,089,518$797,086$1,796,174
75$2,915,308$1,080,798$761,682$1,875,910
76$3,148,606$1,069,695$723,136$1,962,287
77$3,403,684$1,056,029$681,280$2,056,011
78$3,682,697$1,039,612$635,941$2,157,867
79$3,988,023$1,020,244$586,936$2,268,723
80$4,322,277$997,711$534,074$2,389,539
81$4,688,340$971,791$477,157$2,521,381
82$5,089,386$942,243$415,976$2,665,428
83$5,528,908$908,817$350,316$2,822,985
84$6,010,753$871,246$279,948$2,995,498
85$6,539,160$829,248$204,637$3,184,565
86$7,118,798$782,524$124,135$3,391,956
87$7,754,806$730,759$38,185$3,619,629
88$8,452,849$673,619$0$3,869,749
89$9,219,165$610,751$0$4,153,279
90$10,060,624$541,783$0$4,471,379
91$10,984,798$466,320$0$4,820,905
92$12,000,024$383,946$0$5,205,145
93$13,115,488$294,221$0$5,627,727
94$14,341,310$196,681$0$6,092,661
95$15,688,640$90,834$0$6,604,372
96$17,169,760$0$0$7,167,749
97$18,798,201$0$0$7,800,516
98$20,588,874$0$0$8,548,128
99$22,558,202$0$0$9,370,483
100$24,724,283$0$0$10,275,158