Can I retire at age 61 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$72,174$71,531$70,904$70,292$69,694$69,110
2 years$35,730$35,064$34,419$33,794$33,188$32,599
3 years$23,583$22,915$22,272$21,652$21,056$20,481
4 years$17,511$16,845$16,208$15,599$15,017$14,460
5 years$13,869$13,207$12,578$11,982$11,416$10,879
6 years$11,441$10,784$10,165$9,582$9,033$8,516
7 years$9,708$9,057$8,447$7,878$7,346$6,850
8 years$8,409$7,763$7,164$6,608$6,094$5,619
9 years$7,399$6,759$6,170$5,629$5,132$4,677
10 years$6,591$5,958$5,379$4,852$4,373$3,938
11 years$5,931$5,304$4,736$4,223$3,761$3,346
12 years$5,381$4,761$4,203$3,704$3,259$2,864
13 years$4,916$4,302$3,755$3,270$2,842$2,466
14 years$4,518$3,911$3,374$2,903$2,491$2,134
15 years$4,174$3,572$3,046$2,589$2,194$1,854
16 years$3,872$3,278$2,762$2,318$1,939$1,616
17 years$3,607$3,019$2,513$2,083$1,719$1,414
18 years$3,371$2,789$2,294$1,877$1,528$1,240
19 years$3,160$2,585$2,100$1,696$1,362$1,089
20 years$2,970$2,402$1,927$1,536$1,217$959
21 years$2,799$2,238$1,773$1,394$1,089$846
22 years$2,644$2,089$1,634$1,268$976$747
23 years$2,502$1,953$1,509$1,154$876$661
24 years$2,372$1,830$1,395$1,053$788$585
25 years$2,253$1,718$1,292$962$709$518
26 years$2,144$1,614$1,199$879$638$460
27 years$2,042$1,519$1,113$805$576$408
28 years$1,948$1,432$1,035$737$519$362
29 years$1,861$1,351$963$676$469$322
30 years$1,779$1,275$897$620$424$286
31 years$1,703$1,206$836$570$383$255
32 years$1,632$1,141$780$524$346$227
33 years$1,565$1,080$728$482$314$202
34 years$1,503$1,024$681$443$284$180
35 years$1,444$971$636$408$257$160
36 years$1,388$922$595$376$233$143
37 years$1,336$876$557$346$211$127
38 years$1,286$832$522$319$191$113
39 years$1,239$791$489$294$174$101
40 years$1,195$753$458$271$157$90
41 years$1,153$717$430$250$143$80
42 years$1,113$682$403$231$130$72
43 years$1,075$650$378$213$118$64
44 years$1,038$620$355$197$107$57
45 years$1,004$591$333$182$97$51
46 years$971$564$313$168$88$45
47 years$940$538$294$155$80$41
48 years$910$514$276$143$73$36
49 years$881$490$260$133$66$32
50 years$853$469$244$123$60$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $874,000, adding $3,125 every year, while hoping to spend $21,622 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: 45/48/7 Blend
60$874,000$874,000$874,000$874,000
61$966,371$920,049$906,502$1,007,836
62$1,041,936$942,126$913,865$1,058,840
63$1,124,483$964,560$920,749$1,111,621
64$1,214,702$987,346$927,116$1,168,348
65$1,313,353$1,010,477$932,926$1,229,391
66$1,421,271$1,033,946$938,134$1,295,159
67$1,539,376$1,057,745$942,697$1,366,099
68$1,668,681$1,081,863$946,567$1,442,707
69$1,810,303$1,106,291$949,693$1,525,526
70$1,965,470$1,131,015$952,024$1,615,155
71$2,135,535$1,156,022$953,504$1,712,256
72$2,321,989$1,181,296$954,075$1,817,554
73$2,526,472$1,206,821$953,677$1,931,852
74$2,750,794$1,232,576$952,247$2,056,031
75$2,996,945$1,258,543$949,718$2,191,065
76$3,267,119$1,284,697$946,019$2,338,024
77$3,563,733$1,311,014$941,078$2,498,088
78$3,889,446$1,337,467$934,817$2,672,559
79$4,247,193$1,364,026$927,156$2,862,869
80$4,640,201$1,390,658$918,011$3,070,599
81$5,072,030$1,417,329$907,292$3,297,487
82$5,546,599$1,444,000$894,909$3,545,454
83$6,068,227$1,470,630$880,763$3,816,611
84$6,641,671$1,497,176$864,753$4,113,290
85$7,272,173$1,523,589$846,773$4,438,057
86$7,965,506$1,549,816$826,712$4,793,742
87$8,728,034$1,575,804$804,454$5,183,464
88$9,566,767$1,601,492$779,876$5,610,661
89$10,489,427$1,626,815$752,852$6,079,120
90$11,504,525$1,651,704$723,248$6,593,018
91$12,621,435$1,676,086$690,926$7,156,956
92$13,850,489$1,699,882$655,739$7,776,008
93$15,203,068$1,723,006$617,536$8,455,763
94$16,691,716$1,745,368$576,158$9,202,386
95$18,330,250$1,766,871$531,439$10,022,667
96$20,133,899$1,787,410$483,205$10,924,094
97$22,119,439$1,806,876$431,275$11,914,917
98$24,305,359$1,825,150$375,460$13,004,232
99$26,712,029$1,842,106$315,562$14,202,063
100$29,361,897$1,857,610$251,374$15,519,459