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%16.4%
1 years$71,926$71,286$70,661$70,051$69,455$67,639
2 years$35,607$34,944$34,301$33,678$33,074$31,256
3 years$23,502$22,836$22,195$21,578$20,983$19,222
4 years$17,451$16,787$16,152$15,546$14,965$13,273
5 years$13,821$13,161$12,535$11,941$11,377$9,758
6 years$11,402$10,747$10,130$9,549$9,002$7,459
7 years$9,675$9,025$8,418$7,851$7,321$5,853
8 years$8,380$7,736$7,139$6,586$6,073$4,681
9 years$7,374$6,736$6,149$5,610$5,115$3,795
10 years$6,569$5,937$5,361$4,836$4,358$3,111
11 years$5,911$5,286$4,720$4,208$3,748$2,571
12 years$5,363$4,744$4,189$3,691$3,248$2,139
13 years$4,900$4,287$3,742$3,259$2,832$1,789
14 years$4,503$3,897$3,362$2,893$2,483$1,503
15 years$4,159$3,560$3,036$2,580$2,186$1,267
16 years$3,859$3,266$2,752$2,310$1,932$1,071
17 years$3,594$3,008$2,505$2,076$1,713$908
18 years$3,359$2,780$2,286$1,870$1,523$771
19 years$3,149$2,576$2,093$1,690$1,358$656
20 years$2,960$2,394$1,921$1,531$1,213$559
21 years$2,790$2,230$1,767$1,389$1,085$477
22 years$2,635$2,081$1,628$1,263$973$407
23 years$2,494$1,947$1,504$1,150$873$348
24 years$2,364$1,824$1,391$1,049$785$298
25 years$2,246$1,712$1,288$958$706$255
26 years$2,136$1,609$1,194$876$636$218
27 years$2,035$1,514$1,109$802$574$187
28 years$1,941$1,427$1,031$735$518$160
29 years$1,854$1,346$960$674$467$137
30 years$1,773$1,271$894$618$422$118
31 years$1,697$1,202$833$568$382$101
32 years$1,626$1,137$777$522$345$87
33 years$1,560$1,077$726$480$313$74
34 years$1,497$1,020$678$442$283$64
35 years$1,439$968$634$407$256$55
36 years$1,383$919$593$374$232$47
37 years$1,331$873$555$345$210$40
38 years$1,282$829$520$318$191$35
39 years$1,235$788$487$293$173$30
40 years$1,191$750$457$270$157$26
41 years$1,149$714$428$249$142$22
42 years$1,109$680$402$230$129$19
43 years$1,071$648$377$213$117$16
44 years$1,035$618$354$196$106$14
45 years$1,000$589$332$181$97$12
46 years$968$562$312$167$88$10
47 years$936$536$293$155$80$9
48 years$906$512$275$143$72$8
49 years$878$489$259$132$66$7
50 years$850$467$243$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $871,000, adding $4,808 every year, while hoping to spend $38,724 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: 58/24/18 Blend
60$871,000$871,000$871,000$871,000
61$964,801$918,638$905,138$1,015,940
62$1,022,009$922,450$894,258$1,054,993
63$1,083,754$925,150$881,716$1,092,904
64$1,150,458$926,644$867,415$1,133,357
65$1,222,586$926,829$851,253$1,176,605
66$1,300,645$925,600$833,126$1,222,925
67$1,385,198$922,841$812,923$1,272,628
68$1,476,859$918,432$790,527$1,326,054
69$1,576,307$912,243$765,818$1,383,583
70$1,684,285$904,138$738,668$1,445,631
71$1,801,615$893,973$708,945$1,512,663
72$1,929,195$881,593$676,511$1,585,189
73$2,068,020$866,838$641,220$1,663,776
74$2,219,179$849,534$602,922$1,749,051
75$2,383,873$829,499$561,458$1,841,704
76$2,563,423$806,540$516,662$1,942,501
77$2,759,284$780,452$468,362$2,052,289
78$2,973,057$751,020$416,378$2,172,002
79$3,206,502$718,013$360,520$2,302,674
80$3,461,560$681,191$300,592$2,445,447
81$3,740,366$640,295$236,388$2,601,583
82$4,045,270$595,057$167,694$2,772,478
83$4,378,861$545,188$94,286$2,959,670
84$4,743,989$490,386$15,928$3,164,863
85$5,143,792$430,332$0$3,389,937
86$5,581,727$364,686$0$3,649,969
87$6,061,598$293,091$0$3,938,361
88$6,587,599$215,170$0$4,254,635
89$7,164,345$130,524$0$4,601,640
90$7,796,920$38,732$0$4,982,521
91$8,490,926$0$0$5,400,743
92$9,252,529$0$0$5,876,149
93$10,088,525$0$0$6,409,297
94$11,006,399$0$0$6,994,740
95$12,014,394$0$0$7,637,747
96$13,121,592$0$0$8,344,121
97$14,338,000$0$0$9,120,255
98$15,674,638$0$0$9,973,194
99$17,143,649$0$0$10,910,697
100$18,758,411$0$0$11,941,313