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%
1 years$72,174$71,531$70,904$70,292$69,694$68,539
2 years$35,730$35,064$34,419$33,794$33,188$32,028
3 years$23,583$22,915$22,272$21,652$21,056$19,927
4 years$17,511$16,845$16,208$15,599$15,017$13,928
5 years$13,869$13,207$12,578$11,982$11,416$10,369
6 years$11,441$10,784$10,165$9,582$9,033$8,030
7 years$9,708$9,057$8,447$7,878$7,346$6,387
8 years$8,409$7,763$7,164$6,608$6,094$5,180
9 years$7,399$6,759$6,170$5,629$5,132$4,261
10 years$6,591$5,958$5,379$4,852$4,373$3,544
11 years$5,931$5,304$4,736$4,223$3,761$2,974
12 years$5,381$4,761$4,203$3,704$3,259$2,513
13 years$4,916$4,302$3,755$3,270$2,842$2,136
14 years$4,518$3,911$3,374$2,903$2,491$1,824
15 years$4,174$3,572$3,046$2,589$2,194$1,563
16 years$3,872$3,278$2,762$2,318$1,939$1,344
17 years$3,607$3,019$2,513$2,083$1,719$1,159
18 years$3,371$2,789$2,294$1,877$1,528$1,002
19 years$3,160$2,585$2,100$1,696$1,362$868
20 years$2,970$2,402$1,927$1,536$1,217$753
21 years$2,799$2,238$1,773$1,394$1,089$654
22 years$2,644$2,089$1,634$1,268$976$569
23 years$2,502$1,953$1,509$1,154$876$496
24 years$2,372$1,830$1,395$1,053$788$432
25 years$2,253$1,718$1,292$962$709$377
26 years$2,144$1,614$1,199$879$638$329
27 years$2,042$1,519$1,113$805$576$287
28 years$1,948$1,432$1,035$737$519$251
29 years$1,861$1,351$963$676$469$220
30 years$1,779$1,275$897$620$424$192
31 years$1,703$1,206$836$570$383$168
32 years$1,632$1,141$780$524$346$147
33 years$1,565$1,080$728$482$314$129
34 years$1,503$1,024$681$443$284$113
35 years$1,444$971$636$408$257$99
36 years$1,388$922$595$376$233$87
37 years$1,336$876$557$346$211$76
38 years$1,286$832$522$319$191$66
39 years$1,239$791$489$294$174$58
40 years$1,195$753$458$271$157$51
41 years$1,153$717$430$250$143$45
42 years$1,113$682$403$231$130$39
43 years$1,075$650$378$213$118$34
44 years$1,038$620$355$197$107$30
45 years$1,004$591$333$182$97$26
46 years$971$564$313$168$88$23
47 years$940$538$294$155$80$20
48 years$910$514$276$143$73$18
49 years$881$490$260$133$66$16
50 years$853$469$244$123$60$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $874,000, adding $2,415 every year, while hoping to spend $59,242 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: 33/44/23 Blend
60$874,000$874,000$874,000$874,000
61$965,639$919,317$905,770$990,634
62$1,001,101$901,331$873,080$991,581
63$1,038,195$880,477$837,310$987,067
64$1,077,024$856,554$798,293$981,000
65$1,117,701$829,346$755,857$973,280
66$1,160,349$798,625$709,820$963,804
67$1,205,098$764,152$659,992$952,463
68$1,252,093$725,670$606,177$939,146
69$1,301,490$682,912$548,168$923,735
70$1,353,459$635,591$485,748$906,110
71$1,408,184$583,407$418,693$886,146
72$1,465,865$526,041$346,766$863,713
73$1,526,723$463,157$269,722$838,676
74$1,590,996$394,398$187,305$810,898
75$1,658,943$319,390$99,245$780,236
76$1,730,850$237,734$5,265$746,544
77$1,807,026$149,013$0$709,672
78$1,887,811$52,782$0$692,788
79$1,973,574$0$0$675,309
80$2,064,721$0$0$680,759
81$2,161,695$0$0$713,816
82$2,264,981$0$0$749,100
83$2,375,110$0$0$786,800
84$2,492,664$0$0$827,126
85$2,618,280$0$0$870,308
86$2,752,658$0$0$916,597
87$2,896,562$0$0$966,270
88$3,050,832$0$0$1,019,628
89$3,216,392$0$0$1,077,006
90$3,394,251$0$0$1,138,767
91$3,585,520$0$0$1,205,313
92$3,791,418$0$0$1,277,084
93$4,013,283$0$0$1,354,564
94$4,252,585$0$0$1,438,284
95$4,510,940$0$0$1,528,828
96$4,790,121$0$0$1,626,839
97$5,092,079$0$0$1,733,023
98$5,418,958$0$0$1,848,154
99$5,773,114$0$0$1,973,088
100$6,157,139$0$0$2,108,762