Can I retire at age 61 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$71,844$71,204$70,579$69,970$69,375$69,025
2 years$35,566$34,904$34,262$33,639$33,036$32,682
3 years$23,475$22,810$22,170$21,553$20,959$20,613
4 years$17,431$16,768$16,134$15,528$14,948$14,613
5 years$13,805$13,146$12,521$11,927$11,363$11,039
6 years$11,389$10,735$10,118$9,538$8,992$8,679
7 years$9,664$9,015$8,408$7,842$7,313$7,012
8 years$8,371$7,728$7,131$6,578$6,066$5,778
9 years$7,365$6,728$6,142$5,603$5,109$4,832
10 years$6,561$5,931$5,355$4,830$4,353$4,088
11 years$5,904$5,280$4,714$4,204$3,744$3,491
12 years$5,357$4,739$4,184$3,687$3,244$3,002
13 years$4,894$4,282$3,738$3,255$2,829$2,598
14 years$4,498$3,893$3,359$2,890$2,480$2,260
15 years$4,154$3,556$3,032$2,577$2,183$1,974
16 years$3,854$3,263$2,749$2,307$1,930$1,731
17 years$3,590$3,005$2,502$2,073$1,711$1,522
18 years$3,355$2,776$2,284$1,868$1,521$1,342
19 years$3,145$2,573$2,091$1,688$1,356$1,186
20 years$2,957$2,391$1,919$1,529$1,211$1,051
21 years$2,786$2,227$1,765$1,388$1,084$932
22 years$2,632$2,079$1,627$1,262$972$828
23 years$2,491$1,945$1,502$1,149$872$737
24 years$2,362$1,822$1,389$1,048$784$656
25 years$2,243$1,710$1,286$957$705$585
26 years$2,134$1,607$1,193$875$635$522
27 years$2,033$1,512$1,108$801$573$466
28 years$1,939$1,425$1,030$734$517$417
29 years$1,852$1,344$958$673$467$373
30 years$1,771$1,270$893$618$422$334
31 years$1,695$1,200$832$567$381$299
32 years$1,624$1,136$777$521$345$268
33 years$1,558$1,075$725$479$312$240
34 years$1,496$1,019$677$441$283$215
35 years$1,437$967$633$406$256$193
36 years$1,382$918$593$374$232$173
37 years$1,330$872$555$345$210$155
38 years$1,280$828$519$318$191$139
39 years$1,234$788$487$293$173$125
40 years$1,189$749$456$270$157$112
41 years$1,147$713$428$249$142$101
42 years$1,108$679$401$230$129$91
43 years$1,070$647$376$212$117$81
44 years$1,034$617$353$196$106$73
45 years$999$588$332$181$97$66
46 years$967$561$312$167$88$59
47 years$935$536$293$154$80$53
48 years$905$511$275$143$72$48
49 years$877$488$259$132$66$43
50 years$849$466$243$122$60$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $870,000, adding $4,004 every year, while hoping to spend $44,151 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: 31/43/26 Blend
60$870,000$870,000$870,000$870,000
61$962,870$916,760$903,275$984,924
62$1,014,107$914,705$886,559$1,000,147
63$1,069,089$911,070$867,802$1,012,341
64$1,128,154$905,729$846,891$1,024,584
65$1,191,669$898,553$823,705$1,036,912
66$1,260,038$889,402$798,118$1,049,364
67$1,333,706$878,126$769,999$1,061,992
68$1,413,160$864,570$739,210$1,074,853
69$1,498,936$848,568$705,607$1,088,017
70$1,591,622$829,942$669,040$1,101,566
71$1,691,866$808,508$629,351$1,115,595
72$1,800,379$784,067$586,377$1,130,213
73$1,917,942$756,411$539,945$1,145,547
74$2,045,415$725,318$489,876$1,161,743
75$2,183,743$690,555$435,983$1,178,969
76$2,333,967$651,874$378,070$1,197,414
77$2,497,229$609,013$315,933$1,217,298
78$2,674,787$561,695$249,357$1,238,867
79$2,868,026$509,629$178,121$1,262,403
80$3,078,468$452,504$101,992$1,288,224
81$3,307,789$389,994$20,726$1,316,690
82$3,557,833$321,754$0$1,348,208
83$3,830,630$247,418$0$1,401,544
84$4,128,415$166,602$0$1,466,231
85$4,453,645$78,898$0$1,537,168
86$4,809,030$0$0$1,615,088
87$5,197,549$0$0$1,708,430
88$5,622,483$0$0$1,851,481
89$6,087,447$0$0$2,008,140
90$6,596,418$0$0$2,179,764
91$7,153,778$0$0$2,367,847
92$7,764,351$0$0$2,574,037
93$8,433,451$0$0$2,800,144
94$9,166,929$0$0$3,048,167
95$9,971,229$0$0$3,320,304
96$10,853,450$0$0$3,618,977
97$11,821,410$0$0$3,946,855
98$12,883,720$0$0$4,306,877
99$14,049,867$0$0$4,702,280
100$15,330,299$0$0$5,136,632