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%16.7%
1 years$71,926$71,286$70,661$70,051$69,455$67,557
2 years$35,607$34,944$34,301$33,678$33,074$31,175
3 years$23,502$22,836$22,195$21,578$20,983$19,144
4 years$17,451$16,787$16,152$15,546$14,965$13,199
5 years$13,821$13,161$12,535$11,941$11,377$9,688
6 years$11,402$10,747$10,130$9,549$9,002$7,393
7 years$9,675$9,025$8,418$7,851$7,321$5,792
8 years$8,380$7,736$7,139$6,586$6,073$4,624
9 years$7,374$6,736$6,149$5,610$5,115$3,742
10 years$6,569$5,937$5,361$4,836$4,358$3,062
11 years$5,911$5,286$4,720$4,208$3,748$2,525
12 years$5,363$4,744$4,189$3,691$3,248$2,097
13 years$4,900$4,287$3,742$3,259$2,832$1,750
14 years$4,503$3,897$3,362$2,893$2,483$1,467
15 years$4,159$3,560$3,036$2,580$2,186$1,234
16 years$3,859$3,266$2,752$2,310$1,932$1,041
17 years$3,594$3,008$2,505$2,076$1,713$881
18 years$3,359$2,780$2,286$1,870$1,523$746
19 years$3,149$2,576$2,093$1,690$1,358$634
20 years$2,960$2,394$1,921$1,531$1,213$539
21 years$2,790$2,230$1,767$1,389$1,085$458
22 years$2,635$2,081$1,628$1,263$973$390
23 years$2,494$1,947$1,504$1,150$873$333
24 years$2,364$1,824$1,391$1,049$785$284
25 years$2,246$1,712$1,288$958$706$243
26 years$2,136$1,609$1,194$876$636$207
27 years$2,035$1,514$1,109$802$574$177
28 years$1,941$1,427$1,031$735$518$151
29 years$1,854$1,346$960$674$467$130
30 years$1,773$1,271$894$618$422$111
31 years$1,697$1,202$833$568$382$95
32 years$1,626$1,137$777$522$345$81
33 years$1,560$1,077$726$480$313$69
34 years$1,497$1,020$678$442$283$59
35 years$1,439$968$634$407$256$51
36 years$1,383$919$593$374$232$44
37 years$1,331$873$555$345$210$37
38 years$1,282$829$520$318$191$32
39 years$1,235$788$487$293$173$27
40 years$1,191$750$457$270$157$23
41 years$1,149$714$428$249$142$20
42 years$1,109$680$402$230$129$17
43 years$1,071$648$377$213$117$15
44 years$1,035$618$354$196$106$13
45 years$1,000$589$332$181$97$11
46 years$968$562$312$167$88$9
47 years$936$536$293$155$80$8
48 years$906$512$275$143$72$7
49 years$878$489$259$132$66$6
50 years$850$467$243$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $871,000, adding $4,190 every year, while hoping to spend $37,824 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: 57/28/15 Blend
60$871,000$871,000$871,000$871,000
61$964,164$918,001$904,500$1,015,153
62$1,022,264$922,739$894,557$1,054,925
63$1,085,023$926,441$883,012$1,093,741
64$1,152,876$929,016$869,773$1,135,167
65$1,226,300$930,370$854,742$1,179,459
66$1,305,823$930,398$837,816$1,226,902
67$1,392,022$928,992$818,888$1,277,810
68$1,485,533$926,038$797,845$1,332,531
69$1,587,055$921,411$774,571$1,391,452
70$1,697,357$914,983$748,942$1,454,997
71$1,817,285$906,615$720,829$1,523,637
72$1,947,770$896,161$690,099$1,597,895
73$2,089,836$883,466$656,610$1,678,345
74$2,244,610$868,366$620,217$1,765,624
75$2,413,331$850,687$580,765$1,860,437
76$2,597,365$830,244$538,095$1,963,563
77$2,798,213$806,843$492,038$2,075,860
78$3,017,528$780,277$442,419$2,198,281
79$3,257,132$750,326$389,056$2,331,877
80$3,519,028$716,760$331,757$2,477,807
81$3,805,421$679,334$270,324$2,637,356
82$4,118,742$637,789$204,547$2,811,941
83$4,461,664$591,851$134,210$3,003,128
84$4,837,132$541,230$59,085$3,212,648
85$5,248,390$485,621$0$3,442,409
86$5,699,010$424,700$0$3,697,899
87$6,192,924$358,126$0$3,988,383
88$6,734,464$285,536$0$4,307,011
89$7,328,403$206,551$0$4,656,666
90$7,979,994$120,766$0$5,040,531
91$8,695,027$27,757$0$5,462,117
92$9,479,876$0$0$5,925,296
93$10,341,567$0$0$6,456,811
94$11,287,834$0$0$7,049,966
95$12,327,200$0$0$7,701,561
96$13,469,053$0$0$8,417,494
97$14,723,737$0$0$9,204,258
98$16,102,645$0$0$10,069,009
99$17,618,330$0$0$11,019,632
100$19,284,621$0$0$12,064,811