Can I retire at age 61 with 873,000?

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 $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%11.3%
1 years$72,092$71,449$70,823$70,211$69,614$69,234
2 years$35,689$35,024$34,380$33,755$33,150$32,766
3 years$23,556$22,889$22,246$21,627$21,031$20,656
4 years$17,491$16,826$16,190$15,581$15,000$14,636
5 years$13,853$13,191$12,564$11,968$11,403$11,051
6 years$11,428$10,772$10,153$9,571$9,023$8,683
7 years$9,697$9,046$8,437$7,869$7,338$7,012
8 years$8,399$7,754$7,156$6,601$6,087$5,774
9 years$7,390$6,751$6,163$5,623$5,126$4,826
10 years$6,584$5,951$5,373$4,847$4,368$4,081
11 years$5,924$5,298$4,730$4,218$3,757$3,482
12 years$5,375$4,755$4,198$3,700$3,255$2,993
13 years$4,911$4,297$3,751$3,266$2,839$2,589
14 years$4,513$3,906$3,370$2,900$2,488$2,250
15 years$4,169$3,568$3,043$2,586$2,191$1,965
16 years$3,868$3,274$2,759$2,315$1,936$1,721
17 years$3,602$3,015$2,510$2,080$1,717$1,513
18 years$3,367$2,786$2,292$1,875$1,527$1,333
19 years$3,156$2,582$2,098$1,694$1,361$1,177
20 years$2,967$2,399$1,925$1,534$1,215$1,042
21 years$2,796$2,235$1,771$1,392$1,088$924
22 years$2,641$2,086$1,632$1,266$975$820
23 years$2,499$1,951$1,507$1,153$875$729
24 years$2,370$1,828$1,394$1,052$787$649
25 years$2,251$1,716$1,291$960$708$578
26 years$2,141$1,612$1,197$878$638$516
27 years$2,040$1,517$1,112$804$575$460
28 years$1,946$1,430$1,033$736$519$411
29 years$1,858$1,349$962$675$468$367
30 years$1,777$1,274$896$620$423$328
31 years$1,701$1,204$835$569$383$294
32 years$1,630$1,140$779$523$346$263
33 years$1,563$1,079$728$481$313$235
34 years$1,501$1,023$680$443$284$211
35 years$1,442$970$636$407$257$189
36 years$1,387$921$595$375$233$169
37 years$1,334$875$556$346$211$152
38 years$1,285$831$521$319$191$136
39 years$1,238$790$488$294$173$122
40 years$1,194$752$458$271$157$110
41 years$1,151$716$429$250$143$98
42 years$1,111$682$403$231$129$88
43 years$1,073$649$378$213$118$79
44 years$1,037$619$355$197$107$71
45 years$1,003$590$333$182$97$64
46 years$970$563$313$168$88$57
47 years$938$537$294$155$80$51
48 years$908$513$276$143$73$46
49 years$880$490$259$132$66$41
50 years$852$468$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 $873,000, adding $5,026 every year, while hoping to spend $37,173 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: 45/43/12 Blend
60$873,000$873,000$873,000$873,000
61$967,230$920,961$907,430$1,007,239
62$1,026,336$926,537$898,277$1,041,105
63$1,090,225$931,139$887,572$1,073,624
64$1,159,345$934,682$875,222$1,108,059
65$1,234,190$937,073$861,134$1,144,600
66$1,315,301$938,214$845,206$1,183,459
67$1,403,276$938,000$827,334$1,224,873
68$1,498,769$936,321$807,409$1,269,103
69$1,602,501$933,059$785,315$1,316,439
70$1,715,267$928,090$760,934$1,367,204
71$1,837,937$921,280$734,139$1,421,754
72$1,971,474$912,489$704,799$1,480,488
73$2,116,932$901,568$672,777$1,543,844
74$2,275,474$888,360$637,930$1,612,310
75$2,448,380$872,698$600,109$1,686,427
76$2,637,057$854,403$559,155$1,766,793
77$2,843,057$833,288$514,907$1,854,073
78$3,068,085$809,155$467,192$1,949,002
79$3,314,019$781,793$415,832$2,052,394
80$3,582,927$750,980$360,641$2,165,152
81$3,877,087$716,479$301,424$2,288,274
82$4,199,005$678,042$237,977$2,422,866
83$4,551,443$635,405$170,088$2,570,152
84$4,937,439$588,289$97,535$2,731,487
85$5,360,342$536,399$20,087$2,908,368
86$5,823,839$479,424$0$3,102,455
87$6,331,989$417,035$0$3,323,591
88$6,889,266$348,884$0$3,569,060
89$7,500,594$274,602$0$3,838,564
90$8,171,400$193,803$0$4,134,618
91$8,907,659$106,075$0$4,460,000
92$9,715,953$10,986$0$4,817,779
93$10,603,535$0$0$5,211,344
94$11,578,391$0$0$5,687,935
95$12,649,322$0$0$6,217,315
96$13,826,020$0$0$6,799,092
97$15,119,165$0$0$7,438,560
98$16,540,523$0$0$8,141,551
99$18,103,053$0$0$8,914,492
100$19,821,037$0$0$9,764,461