Can I retire at age 61 with 876,000?

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 $876,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$72,339$71,695$71,066$70,453$69,853$67,295
2 years$35,812$35,145$34,498$33,871$33,264$30,714
3 years$23,637$22,967$22,323$21,702$21,104$18,644
4 years$17,551$16,883$16,245$15,635$15,051$12,700
5 years$13,901$13,237$12,607$12,009$11,442$9,205
6 years$11,468$10,809$10,188$9,604$9,054$6,932
7 years$9,730$9,077$8,466$7,896$7,363$5,357
8 years$8,428$7,781$7,180$6,624$6,108$4,216
9 years$7,416$6,775$6,184$5,642$5,144$3,363
10 years$6,606$5,972$5,392$4,863$4,383$2,710
11 years$5,945$5,316$4,747$4,233$3,770$2,201
12 years$5,394$4,771$4,213$3,713$3,267$1,799
13 years$4,928$4,312$3,764$3,278$2,849$1,477
14 years$4,529$3,919$3,382$2,909$2,497$1,218
15 years$4,183$3,581$3,053$2,595$2,199$1,007
16 years$3,881$3,285$2,768$2,323$1,943$835
17 years$3,615$3,025$2,519$2,087$1,723$694
18 years$3,378$2,796$2,299$1,881$1,532$578
19 years$3,167$2,591$2,105$1,700$1,365$482
20 years$2,977$2,408$1,932$1,540$1,220$402
21 years$2,806$2,243$1,777$1,397$1,091$336
22 years$2,650$2,093$1,638$1,270$978$281
23 years$2,508$1,958$1,512$1,157$878$235
24 years$2,378$1,834$1,399$1,055$789$197
25 years$2,258$1,722$1,295$964$710$165
26 years$2,148$1,618$1,201$881$640$138
27 years$2,047$1,523$1,116$807$577$116
28 years$1,952$1,435$1,037$739$520$97
29 years$1,865$1,354$965$678$470$81
30 years$1,783$1,278$899$622$425$68
31 years$1,707$1,208$838$571$384$57
32 years$1,636$1,143$782$525$347$48
33 years$1,569$1,083$730$483$314$40
34 years$1,506$1,026$682$444$285$34
35 years$1,447$973$638$409$258$28
36 years$1,391$924$597$377$234$24
37 years$1,339$878$558$347$212$20
38 years$1,289$834$523$320$192$17
39 years$1,242$793$490$295$174$14
40 years$1,198$754$459$272$158$12
41 years$1,155$718$431$251$143$10
42 years$1,115$684$404$232$130$8
43 years$1,077$652$379$214$118$7
44 years$1,041$621$356$197$107$6
45 years$1,006$592$334$182$97$5
46 years$973$565$314$168$88$4
47 years$942$539$295$156$80$3
48 years$912$515$277$144$73$3
49 years$883$492$260$133$66$2
50 years$855$470$245$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $876,000, adding $2,757 every year, while hoping to spend $49,919 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: 37/37/26 Blend
60$876,000$876,000$876,000$876,000
61$968,196$921,768$908,190$996,394
62$1,013,838$913,821$885,501$1,009,437
63$1,062,463$903,812$860,379$1,018,736
64$1,114,322$891,586$832,689$1,027,807
65$1,169,691$876,982$802,292$1,036,661
66$1,228,871$859,825$769,040$1,045,315
67$1,292,193$839,934$732,780$1,053,793
68$1,360,020$817,114$693,352$1,062,123
69$1,432,751$791,161$650,587$1,070,344
70$1,510,821$761,858$604,312$1,078,502
71$1,594,710$728,974$554,341$1,086,655
72$1,684,944$692,267$500,485$1,094,872
73$1,782,100$651,481$442,544$1,103,233
74$1,886,813$606,342$380,308$1,111,838
75$1,999,780$556,564$313,560$1,120,800
76$2,121,765$501,844$242,072$1,130,251
77$2,253,610$441,859$165,606$1,140,347
78$2,396,239$376,271$83,915$1,151,267
79$2,550,668$304,721$0$1,163,216
80$2,718,014$226,830$0$1,177,335
81$2,899,506$142,199$0$1,217,892
82$3,096,494$50,405$0$1,261,968
83$3,310,463$0$0$1,309,995
84$3,543,049$0$0$1,382,407
85$3,796,048$0$0$1,483,604
86$4,071,438$0$0$1,593,870
87$4,371,397$0$0$1,714,089
88$4,698,319$0$0$1,845,237
89$5,054,839$0$0$1,988,385
90$5,443,859$0$0$2,144,715
91$5,868,572$0$0$2,315,526
92$6,332,493$0$0$2,502,249
93$6,839,492$0$0$2,706,460
94$7,393,829$0$0$2,929,894
95$8,000,194$0$0$3,174,460
96$8,663,753$0$0$3,442,262
97$9,390,193$0$0$3,735,616
98$10,185,775$0$0$4,057,073
99$11,057,398$0$0$4,409,442
100$12,012,654$0$0$4,795,817