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%11.3%
1 years$72,009$71,368$70,742$70,131$69,535$69,154
2 years$35,648$34,984$34,341$33,717$33,112$32,728
3 years$23,529$22,862$22,221$21,603$21,007$20,632
4 years$17,471$16,806$16,171$15,564$14,983$14,619
5 years$13,837$13,176$12,549$11,954$11,390$11,038
6 years$11,415$10,760$10,142$9,560$9,012$8,674
7 years$9,686$9,036$8,428$7,860$7,329$7,004
8 years$8,390$7,745$7,147$6,593$6,080$5,768
9 years$7,382$6,744$6,156$5,616$5,121$4,821
10 years$6,576$5,944$5,367$4,841$4,363$4,076
11 years$5,918$5,292$4,725$4,213$3,752$3,478
12 years$5,369$4,750$4,193$3,696$3,252$2,990
13 years$4,905$4,292$3,746$3,263$2,836$2,586
14 years$4,508$3,902$3,366$2,896$2,486$2,248
15 years$4,164$3,564$3,039$2,583$2,189$1,962
16 years$3,863$3,270$2,756$2,313$1,934$1,719
17 years$3,598$3,012$2,507$2,078$1,715$1,511
18 years$3,363$2,783$2,289$1,873$1,525$1,331
19 years$3,153$2,579$2,095$1,692$1,359$1,176
20 years$2,964$2,397$1,923$1,533$1,214$1,041
21 years$2,793$2,232$1,769$1,391$1,086$922
22 years$2,638$2,084$1,630$1,265$974$819
23 years$2,496$1,949$1,505$1,152$874$728
24 years$2,367$1,826$1,392$1,050$786$648
25 years$2,248$1,714$1,289$959$707$577
26 years$2,139$1,611$1,196$877$637$515
27 years$2,037$1,516$1,110$803$574$460
28 years$1,943$1,428$1,032$736$518$410
29 years$1,856$1,347$961$675$468$367
30 years$1,775$1,272$895$619$423$328
31 years$1,699$1,203$834$569$382$293
32 years$1,628$1,138$778$523$346$263
33 years$1,562$1,078$727$481$313$235
34 years$1,499$1,022$679$442$283$211
35 years$1,440$969$635$407$257$189
36 years$1,385$920$594$375$232$169
37 years$1,333$874$556$345$211$152
38 years$1,283$830$521$318$191$136
39 years$1,236$789$488$294$173$122
40 years$1,192$751$457$271$157$109
41 years$1,150$715$429$250$143$98
42 years$1,110$681$402$231$129$88
43 years$1,072$649$377$213$117$79
44 years$1,036$618$354$196$107$71
45 years$1,002$590$333$181$97$64
46 years$969$563$312$168$88$57
47 years$937$537$293$155$80$51
48 years$907$512$276$143$72$46
49 years$879$489$259$132$66$41
50 years$851$467$244$122$60$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $872,000, adding $2,386 every year, while hoping to spend $42,436 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: 56/27/17 Blend
60$872,000$872,000$872,000$872,000
61$963,405$917,189$903,673$1,012,896
62$1,016,521$916,980$888,795$1,046,622
63$1,073,632$915,338$871,995$1,078,558
64$1,135,102$912,149$853,166$1,112,392
65$1,201,328$907,290$832,193$1,148,316
66$1,272,748$900,632$808,956$1,186,541
67$1,349,843$892,037$783,331$1,227,304
68$1,433,141$881,361$755,187$1,270,866
69$1,523,222$868,448$724,386$1,317,519
70$1,620,724$853,136$690,787$1,367,583
71$1,726,349$835,250$654,239$1,421,418
72$1,840,867$814,608$614,586$1,479,419
73$1,965,127$791,015$571,666$1,542,027
74$2,100,060$764,266$525,307$1,609,728
75$2,246,693$734,142$475,332$1,683,062
76$2,406,155$700,413$421,554$1,762,630
77$2,579,685$662,836$363,779$1,849,092
78$2,768,651$621,153$301,804$1,943,184
79$2,974,556$575,092$235,417$2,045,720
80$3,199,053$524,364$164,395$2,157,599
81$3,443,963$468,664$88,509$2,279,818
82$3,711,290$407,672$7,517$2,413,482
83$4,003,240$341,046$0$2,559,809
84$4,322,241$268,427$0$2,734,466
85$4,670,966$189,437$0$2,927,018
86$5,052,358$103,673$0$3,137,803
87$5,469,658$10,713$0$3,368,700
88$5,926,435$0$0$3,621,785
89$6,426,618$0$0$3,926,055
90$6,974,533$0$0$4,262,926
91$7,574,946$0$0$4,632,155
92$8,233,105$0$0$5,036,980
93$8,954,791$0$0$5,480,965
94$9,746,368$0$0$5,968,039
95$10,614,849$0$0$6,502,527
96$11,567,957$0$0$7,089,194
97$12,614,199$0$0$7,733,288
98$13,762,947$0$0$8,440,591
99$15,024,523$0$0$9,217,471
100$16,410,300$0$0$10,070,946