Can I retire at age 61 with 874,000?

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 $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%14.9%
1 years$72,174$71,531$70,904$70,292$69,694$68,287
2 years$35,730$35,064$34,419$33,794$33,188$31,776
3 years$23,583$22,915$22,272$21,652$21,056$19,684
4 years$17,511$16,845$16,208$15,599$15,017$13,695
5 years$13,869$13,207$12,578$11,982$11,416$10,148
6 years$11,441$10,784$10,165$9,582$9,033$7,821
7 years$9,708$9,057$8,447$7,878$7,346$6,189
8 years$8,409$7,763$7,164$6,608$6,094$4,993
9 years$7,399$6,759$6,170$5,629$5,132$4,086
10 years$6,591$5,958$5,379$4,852$4,373$3,380
11 years$5,931$5,304$4,736$4,223$3,761$2,820
12 years$5,381$4,761$4,203$3,704$3,259$2,369
13 years$4,916$4,302$3,755$3,270$2,842$2,001
14 years$4,518$3,911$3,374$2,903$2,491$1,699
15 years$4,174$3,572$3,046$2,589$2,194$1,447
16 years$3,872$3,278$2,762$2,318$1,939$1,237
17 years$3,607$3,019$2,513$2,083$1,719$1,060
18 years$3,371$2,789$2,294$1,877$1,528$910
19 years$3,160$2,585$2,100$1,696$1,362$783
20 years$2,970$2,402$1,927$1,536$1,217$675
21 years$2,799$2,238$1,773$1,394$1,089$582
22 years$2,644$2,089$1,634$1,268$976$503
23 years$2,502$1,953$1,509$1,154$876$435
24 years$2,372$1,830$1,395$1,053$788$376
25 years$2,253$1,718$1,292$962$709$326
26 years$2,144$1,614$1,199$879$638$283
27 years$2,042$1,519$1,113$805$576$245
28 years$1,948$1,432$1,035$737$519$213
29 years$1,861$1,351$963$676$469$185
30 years$1,779$1,275$897$620$424$160
31 years$1,703$1,206$836$570$383$139
32 years$1,632$1,141$780$524$346$121
33 years$1,565$1,080$728$482$314$105
34 years$1,503$1,024$681$443$284$91
35 years$1,444$971$636$408$257$79
36 years$1,388$922$595$376$233$69
37 years$1,336$876$557$346$211$60
38 years$1,286$832$522$319$191$52
39 years$1,239$791$489$294$174$45
40 years$1,195$753$458$271$157$39
41 years$1,153$717$430$250$143$34
42 years$1,113$682$403$231$130$30
43 years$1,075$650$378$213$118$26
44 years$1,038$620$355$197$107$23
45 years$1,004$591$333$182$97$20
46 years$971$564$313$168$88$17
47 years$940$538$294$155$80$15
48 years$910$514$276$143$73$13
49 years$881$490$260$133$66$11
50 years$853$469$244$123$60$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $874,000, adding $6,566 every year, while hoping to spend $27,700 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: 54/34/12 Blend
60$874,000$874,000$874,000$874,000
61$969,921$923,599$910,052$1,018,943
62$1,039,380$939,383$911,066$1,068,778
63$1,114,996$955,011$911,186$1,119,435
64$1,197,367$970,448$910,352$1,173,927
65$1,287,152$985,654$908,502$1,232,625
66$1,385,076$1,000,586$905,572$1,295,937
67$1,491,938$1,015,198$901,492$1,364,313
68$1,608,615$1,029,442$896,192$1,438,251
69$1,736,075$1,043,266$889,595$1,518,297
70$1,875,382$1,056,614$881,625$1,605,055
71$2,027,709$1,069,426$872,197$1,699,192
72$2,194,346$1,081,639$861,226$1,801,443
73$2,376,714$1,093,184$848,622$1,912,617
74$2,576,378$1,103,989$834,290$2,033,608
75$2,795,061$1,113,976$818,130$2,165,402
76$3,034,659$1,123,063$800,040$2,309,085
77$3,297,264$1,131,163$779,911$2,465,856
78$3,585,176$1,138,181$757,629$2,637,039
79$3,900,930$1,144,018$733,076$2,824,090
80$4,247,318$1,148,568$706,127$3,028,618
81$4,627,415$1,151,718$676,653$3,252,398
82$5,044,609$1,153,350$644,518$3,497,385
83$5,502,630$1,153,335$609,580$3,765,736
84$6,005,588$1,151,539$571,692$4,059,832
85$6,558,012$1,147,817$530,697$4,382,296
86$7,164,888$1,142,019$486,434$4,736,022
87$7,831,711$1,133,983$438,734$5,124,201
88$8,564,534$1,123,537$387,420$5,550,352
89$9,370,026$1,110,499$332,308$6,018,357
90$10,255,533$1,094,678$273,205$6,532,494
91$11,229,149$1,075,870$209,909$7,097,483
92$12,299,792$1,053,857$142,211$7,718,528
93$13,477,287$1,028,412$69,891$8,401,365
94$14,772,458$999,292$0$9,152,323
95$16,197,232$966,241$0$9,979,310
96$17,764,750$928,986$0$10,898,697
97$19,489,489$887,241$0$11,910,037
98$21,387,403$840,702$0$13,022,716
99$23,476,068$789,047$0$14,247,079
100$25,774,853$731,936$0$15,594,530