Can I retire at age 61 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$72,009$71,368$70,742$70,131$69,535$67,689
2 years$35,648$34,984$34,341$33,717$33,112$31,265
3 years$23,529$22,862$22,221$21,603$21,007$19,218
4 years$17,471$16,806$16,171$15,564$14,983$13,263
5 years$13,837$13,176$12,549$11,954$11,390$9,746
6 years$11,415$10,760$10,142$9,560$9,012$7,445
7 years$9,686$9,036$8,428$7,860$7,329$5,839
8 years$8,390$7,745$7,147$6,593$6,080$4,667
9 years$7,382$6,744$6,156$5,616$5,121$3,782
10 years$6,576$5,944$5,367$4,841$4,363$3,098
11 years$5,918$5,292$4,725$4,213$3,752$2,559
12 years$5,369$4,750$4,193$3,696$3,252$2,127
13 years$4,905$4,292$3,746$3,263$2,836$1,778
14 years$4,508$3,902$3,366$2,896$2,486$1,492
15 years$4,164$3,564$3,039$2,583$2,189$1,257
16 years$3,863$3,270$2,756$2,313$1,934$1,062
17 years$3,598$3,012$2,507$2,078$1,715$900
18 years$3,363$2,783$2,289$1,873$1,525$764
19 years$3,153$2,579$2,095$1,692$1,359$649
20 years$2,964$2,397$1,923$1,533$1,214$553
21 years$2,793$2,232$1,769$1,391$1,086$471
22 years$2,638$2,084$1,630$1,265$974$402
23 years$2,496$1,949$1,505$1,152$874$343
24 years$2,367$1,826$1,392$1,050$786$293
25 years$2,248$1,714$1,289$959$707$251
26 years$2,139$1,611$1,196$877$637$215
27 years$2,037$1,516$1,110$803$574$184
28 years$1,943$1,428$1,032$736$518$157
29 years$1,856$1,347$961$675$468$135
30 years$1,775$1,272$895$619$423$116
31 years$1,699$1,203$834$569$382$99
32 years$1,628$1,138$778$523$346$85
33 years$1,562$1,078$727$481$313$73
34 years$1,499$1,022$679$442$283$62
35 years$1,440$969$635$407$257$54
36 years$1,385$920$594$375$232$46
37 years$1,333$874$556$345$211$39
38 years$1,283$830$521$318$191$34
39 years$1,236$789$488$294$173$29
40 years$1,192$751$457$271$157$25
41 years$1,150$715$429$250$143$21
42 years$1,110$681$402$231$129$18
43 years$1,072$649$377$213$117$16
44 years$1,036$618$354$196$107$13
45 years$1,002$590$333$181$97$12
46 years$969$563$312$168$88$10
47 years$937$537$293$155$80$9
48 years$907$512$276$143$72$7
49 years$879$489$259$132$66$6
50 years$851$467$244$122$60$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $872,000, adding $5,681 every year, while hoping to spend $32,747 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: 68/18/14 Blend
60$872,000$872,000$872,000$872,000
61$966,804$920,588$907,072$1,029,068
62$1,030,575$930,854$902,616$1,081,523
63$1,099,754$940,526$896,914$1,134,455
64$1,174,857$949,540$889,888$1,191,513
65$1,256,452$957,827$881,460$1,253,099
66$1,345,166$965,316$871,544$1,319,657
67$1,441,686$971,929$860,054$1,391,674
68$1,546,769$977,585$846,897$1,469,690
69$1,661,248$982,196$831,977$1,554,298
70$1,786,041$985,669$815,194$1,646,153
71$1,922,157$987,906$796,442$1,745,978
72$2,070,705$988,802$775,611$1,854,569
73$2,232,908$988,245$752,585$1,972,805
74$2,410,113$986,116$727,245$2,101,655
75$2,603,799$982,291$699,463$2,242,186
76$2,815,600$976,636$669,107$2,395,577
77$3,047,309$969,010$636,041$2,563,127
78$3,300,906$959,262$600,119$2,746,268
79$3,578,566$947,234$561,191$2,946,582
80$3,882,688$932,757$519,100$3,165,809
81$4,215,913$915,653$473,680$3,405,872
82$4,581,148$895,732$424,760$3,668,889
83$4,981,596$872,794$372,161$3,957,196
84$5,420,785$846,627$315,694$4,273,370
85$5,902,600$817,006$255,165$4,620,252
86$6,431,320$783,694$190,368$5,000,974
87$7,011,659$746,440$121,089$5,418,990
88$7,648,810$704,977$47,107$5,878,109
89$8,348,492$659,024$0$6,382,530
90$9,117,005$608,283$0$6,941,642
91$9,961,291$552,441$0$7,563,611
92$10,888,997$491,165$0$8,247,059
93$11,908,546$424,103$0$8,998,234
94$13,029,218$350,884$0$9,824,018
95$14,261,238$271,117$0$10,732,000
96$15,615,870$184,387$0$11,730,541
97$17,105,523$90,257$0$12,828,859
98$18,743,872$0$0$14,037,113
99$20,545,980$0$0$15,368,823
100$22,528,445$0$0$16,853,537