Can I retire at age 61 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$71,926$71,286$70,661$70,051$69,455$66,778
2 years$35,607$34,944$34,301$33,678$33,074$30,409
3 years$23,502$22,836$22,195$21,578$20,983$18,414
4 years$17,451$16,787$16,152$15,546$14,965$12,512
5 years$13,821$13,161$12,535$11,941$11,377$9,045
6 years$11,402$10,747$10,130$9,549$9,002$6,793
7 years$9,675$9,025$8,418$7,851$7,321$5,235
8 years$8,380$7,736$7,139$6,586$6,073$4,108
9 years$7,374$6,736$6,149$5,610$5,115$3,266
10 years$6,569$5,937$5,361$4,836$4,358$2,624
11 years$5,911$5,286$4,720$4,208$3,748$2,124
12 years$5,363$4,744$4,189$3,691$3,248$1,730
13 years$4,900$4,287$3,742$3,259$2,832$1,416
14 years$4,503$3,897$3,362$2,893$2,483$1,163
15 years$4,159$3,560$3,036$2,580$2,186$959
16 years$3,859$3,266$2,752$2,310$1,932$792
17 years$3,594$3,008$2,505$2,076$1,713$656
18 years$3,359$2,780$2,286$1,870$1,523$544
19 years$3,149$2,576$2,093$1,690$1,358$452
20 years$2,960$2,394$1,921$1,531$1,213$375
21 years$2,790$2,230$1,767$1,389$1,085$312
22 years$2,635$2,081$1,628$1,263$973$260
23 years$2,494$1,947$1,504$1,150$873$217
24 years$2,364$1,824$1,391$1,049$785$181
25 years$2,246$1,712$1,288$958$706$151
26 years$2,136$1,609$1,194$876$636$126
27 years$2,035$1,514$1,109$802$574$105
28 years$1,941$1,427$1,031$735$518$88
29 years$1,854$1,346$960$674$467$73
30 years$1,773$1,271$894$618$422$61
31 years$1,697$1,202$833$568$382$51
32 years$1,626$1,137$777$522$345$43
33 years$1,560$1,077$726$480$313$36
34 years$1,497$1,020$678$442$283$30
35 years$1,439$968$634$407$256$25
36 years$1,383$919$593$374$232$21
37 years$1,331$873$555$345$210$17
38 years$1,282$829$520$318$191$15
39 years$1,235$788$487$293$173$12
40 years$1,191$750$457$270$157$10
41 years$1,149$714$428$249$142$9
42 years$1,109$680$402$230$129$7
43 years$1,071$648$377$213$117$6
44 years$1,035$618$354$196$106$5
45 years$1,000$589$332$181$97$4
46 years$968$562$312$167$88$3
47 years$936$536$293$155$80$3
48 years$906$512$275$143$72$2
49 years$878$489$259$132$66$2
50 years$850$467$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $871,000, adding $5,326 every year, while hoping to spend $58,383 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: 62/30/8 Blend
60$871,000$871,000$871,000$871,000
61$965,336$919,173$905,672$1,023,258
62$1,001,681$902,093$873,893$1,045,539
63$1,039,777$882,220$839,093$1,062,594
64$1,079,740$859,355$801,108$1,079,724
65$1,121,697$833,287$759,769$1,096,938
66$1,165,786$803,794$714,898$1,114,243
67$1,212,158$770,641$666,308$1,131,654
68$1,260,974$733,579$613,805$1,149,187
69$1,312,412$692,343$557,187$1,166,863
70$1,366,666$646,656$496,241$1,184,711
71$1,423,946$596,222$430,745$1,202,763
72$1,484,482$540,730$360,468$1,221,058
73$1,548,525$479,851$285,169$1,239,645
74$1,616,347$413,237$204,595$1,258,581
75$1,688,248$340,519$118,483$1,277,931
76$1,764,555$261,310$26,558$1,297,776
77$1,845,624$175,199$0$1,318,205
78$1,931,847$81,753$0$1,345,433
79$2,023,650$0$0$1,376,290
80$2,121,502$0$0$1,415,108
81$2,225,915$0$0$1,485,364
82$2,337,452$0$0$1,560,452
83$2,456,726$0$0$1,640,793
84$2,584,413$0$0$1,726,845
85$2,721,253$0$0$1,819,113
86$2,868,057$0$0$1,918,151
87$3,025,716$0$0$2,024,565
88$3,195,208$0$0$2,139,023
89$3,377,605$0$0$2,262,256
90$3,574,087$0$0$2,395,067
91$3,785,946$0$0$2,538,341
92$4,014,604$0$0$2,693,046
93$4,261,625$0$0$2,860,249
94$4,528,724$0$0$3,041,120
95$4,817,787$0$0$3,236,948
96$5,130,891$0$0$3,449,148
97$5,470,313$0$0$3,679,276
98$5,838,563$0$0$3,929,044
99$6,238,399$0$0$4,200,334
100$6,672,853$0$0$4,495,218