Can I retire at age 61 with 873,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$72,092$71,449$70,823$70,211$69,614$67,821
2 years$35,689$35,024$34,380$33,755$33,150$31,355
3 years$23,556$22,889$22,246$21,627$21,031$19,292
4 years$17,491$16,826$16,190$15,581$15,000$13,328
5 years$13,853$13,191$12,564$11,968$11,403$9,804
6 years$11,428$10,772$10,153$9,571$9,023$7,498
7 years$9,697$9,046$8,437$7,869$7,338$5,887
8 years$8,399$7,754$7,156$6,601$6,087$4,710
9 years$7,390$6,751$6,163$5,623$5,126$3,822
10 years$6,584$5,951$5,373$4,847$4,368$3,134
11 years$5,924$5,298$4,730$4,218$3,757$2,592
12 years$5,375$4,755$4,198$3,700$3,255$2,158
13 years$4,911$4,297$3,751$3,266$2,839$1,806
14 years$4,513$3,906$3,370$2,900$2,488$1,518
15 years$4,169$3,568$3,043$2,586$2,191$1,281
16 years$3,868$3,274$2,759$2,315$1,936$1,084
17 years$3,602$3,015$2,510$2,080$1,717$919
18 years$3,367$2,786$2,292$1,875$1,527$781
19 years$3,156$2,582$2,098$1,694$1,361$665
20 years$2,967$2,399$1,925$1,534$1,215$567
21 years$2,796$2,235$1,771$1,392$1,088$484
22 years$2,641$2,086$1,632$1,266$975$414
23 years$2,499$1,951$1,507$1,153$875$354
24 years$2,370$1,828$1,394$1,052$787$303
25 years$2,251$1,716$1,291$960$708$260
26 years$2,141$1,612$1,197$878$638$222
27 years$2,040$1,517$1,112$804$575$191
28 years$1,946$1,430$1,033$736$519$164
29 years$1,858$1,349$962$675$468$140
30 years$1,777$1,274$896$620$423$120
31 years$1,701$1,204$835$569$383$103
32 years$1,630$1,140$779$523$346$89
33 years$1,563$1,079$728$481$313$76
34 years$1,501$1,023$680$443$284$66
35 years$1,442$970$636$407$257$56
36 years$1,387$921$595$375$233$48
37 years$1,334$875$556$346$211$42
38 years$1,285$831$521$319$191$36
39 years$1,238$790$488$294$173$31
40 years$1,194$752$458$271$157$26
41 years$1,151$716$429$250$143$23
42 years$1,111$682$403$231$129$19
43 years$1,073$649$378$213$118$17
44 years$1,037$619$355$197$107$14
45 years$1,003$590$333$182$97$12
46 years$970$563$313$168$88$11
47 years$938$537$294$155$80$9
48 years$908$513$276$143$73$8
49 years$880$490$259$132$66$7
50 years$852$468$244$122$60$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $873,000, adding $4,286 every year, while hoping to spend $53,769 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: 50/21/29 Blend
60$873,000$873,000$873,000$873,000
61$966,467$920,198$906,667$1,006,661
62$1,007,837$908,078$879,830$1,023,119
63$1,051,624$893,562$850,292$1,035,323
64$1,098,019$876,476$817,906$1,047,548
65$1,147,229$856,635$782,518$1,059,822
66$1,199,480$833,844$743,966$1,072,178
67$1,255,021$807,896$702,083$1,084,656
68$1,314,123$778,572$656,692$1,097,307
69$1,377,082$745,641$607,610$1,110,186
70$1,444,224$708,857$554,645$1,123,363
71$1,515,905$667,961$497,596$1,136,916
72$1,592,515$622,679$436,253$1,150,936
73$1,674,482$572,721$370,398$1,165,532
74$1,762,275$517,780$299,802$1,180,824
75$1,856,408$457,532$224,226$1,196,953
76$1,957,445$391,635$143,421$1,214,082
77$2,066,006$319,727$57,128$1,232,393
78$2,182,771$241,426$0$1,252,095
79$2,308,487$156,328$0$1,284,245
80$2,443,971$64,007$0$1,337,862
81$2,590,126$0$0$1,395,645
82$2,747,940$0$0$1,466,351
83$2,918,501$0$0$1,558,825
84$3,103,001$0$0$1,658,933
85$3,302,756$0$0$1,767,397
86$3,519,208$0$0$1,885,011
87$3,753,944$0$0$2,012,647
88$4,008,711$0$0$2,151,267
89$4,285,427$0$0$2,301,925
90$4,586,205$0$0$2,465,784
91$4,913,368$0$0$2,644,123
92$5,269,472$0$0$2,838,347
93$5,657,329$0$0$3,050,005
94$6,080,034$0$0$3,280,799
95$6,540,993$0$0$3,532,604
96$7,043,954$0$0$3,807,484
97$7,593,046$0$0$4,107,711
98$8,192,808$0$0$4,435,784
99$8,848,242$0$0$4,794,457
100$9,564,854$0$0$5,186,761