Can I retire at age 61 with 870,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$71,844$71,204$70,579$69,970$69,375$68,909
2 years$35,566$34,904$34,262$33,639$33,036$32,566
3 years$23,475$22,810$22,170$21,553$20,959$20,500
4 years$17,431$16,768$16,134$15,528$14,948$14,503
5 years$13,805$13,146$12,521$11,927$11,363$10,934
6 years$11,389$10,735$10,118$9,538$8,992$8,578
7 years$9,664$9,015$8,408$7,842$7,313$6,915
8 years$8,371$7,728$7,131$6,578$6,066$5,685
9 years$7,365$6,728$6,142$5,603$5,109$4,743
10 years$6,561$5,931$5,355$4,830$4,353$4,003
11 years$5,904$5,280$4,714$4,204$3,744$3,410
12 years$5,357$4,739$4,184$3,687$3,244$2,926
13 years$4,894$4,282$3,738$3,255$2,829$2,525
14 years$4,498$3,893$3,359$2,890$2,480$2,191
15 years$4,154$3,556$3,032$2,577$2,183$1,909
16 years$3,854$3,263$2,749$2,307$1,930$1,669
17 years$3,590$3,005$2,502$2,073$1,711$1,464
18 years$3,355$2,776$2,284$1,868$1,521$1,287
19 years$3,145$2,573$2,091$1,688$1,356$1,134
20 years$2,957$2,391$1,919$1,529$1,211$1,002
21 years$2,786$2,227$1,765$1,388$1,084$886
22 years$2,632$2,079$1,627$1,262$972$785
23 years$2,491$1,945$1,502$1,149$872$696
24 years$2,362$1,822$1,389$1,048$784$618
25 years$2,243$1,710$1,286$957$705$550
26 years$2,134$1,607$1,193$875$635$489
27 years$2,033$1,512$1,108$801$573$435
28 years$1,939$1,425$1,030$734$517$388
29 years$1,852$1,344$958$673$467$346
30 years$1,771$1,270$893$618$422$308
31 years$1,695$1,200$832$567$381$275
32 years$1,624$1,136$777$521$345$246
33 years$1,558$1,075$725$479$312$220
34 years$1,496$1,019$677$441$283$196
35 years$1,437$967$633$406$256$175
36 years$1,382$918$593$374$232$157
37 years$1,330$872$555$345$210$140
38 years$1,280$828$519$318$191$125
39 years$1,234$788$487$293$173$112
40 years$1,189$749$456$270$157$100
41 years$1,147$713$428$249$142$90
42 years$1,108$679$401$230$129$80
43 years$1,070$647$376$212$117$72
44 years$1,034$617$353$196$106$64
45 years$999$588$332$181$97$58
46 years$967$561$312$167$88$52
47 years$935$536$293$154$80$46
48 years$905$511$275$143$72$41
49 years$877$488$259$132$66$37
50 years$849$466$243$122$60$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $870,000, adding $3,017 every year, while hoping to spend $47,906 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: 76/10/14 Blend
60$870,000$870,000$870,000$870,000
61$961,852$915,742$902,257$1,031,908
62$1,008,989$909,642$881,511$1,072,456
63$1,059,329$901,637$858,464$1,110,582
64$1,113,147$891,584$832,990$1,151,060
65$1,170,746$879,330$804,953$1,194,107
66$1,232,459$864,713$774,215$1,239,965
67$1,298,648$847,562$740,630$1,288,899
68$1,369,713$827,696$704,044$1,341,204
69$1,446,094$804,923$664,299$1,397,203
70$1,528,270$779,039$621,228$1,457,254
71$1,616,770$749,828$574,656$1,521,751
72$1,712,175$717,064$524,401$1,591,131
73$1,815,122$680,505$470,273$1,665,875
74$1,926,310$639,896$412,074$1,746,514
75$2,046,511$594,968$349,595$1,833,634
76$2,176,569$545,436$282,621$1,927,883
77$2,317,415$490,997$210,924$2,029,975
78$2,470,069$431,335$134,268$2,140,700
79$2,635,658$366,112$52,408$2,260,927
80$2,815,416$294,972$0$2,391,618
81$3,010,704$217,541$0$2,539,054
82$3,223,017$133,422$0$2,707,879
83$3,453,999$42,194$0$2,891,591
84$3,705,463$0$0$3,091,657
85$3,979,399$0$0$3,315,925
86$4,278,001$0$0$3,565,477
87$4,603,679$0$0$3,837,690
88$4,959,091$0$0$4,134,788
89$5,347,158$0$0$4,459,218
90$5,771,099$0$0$4,813,674
91$6,234,455$0$0$5,201,123
92$6,741,127$0$0$5,624,829
93$7,295,408$0$0$6,088,389
94$7,902,027$0$0$6,595,762
95$8,566,189$0$0$7,151,308
96$9,293,627$0$0$7,759,826
97$10,090,656$0$0$8,426,604
98$10,964,227$0$0$9,157,465
99$11,921,999$0$0$9,958,821
100$12,972,405$0$0$10,837,736