Can I retire at age 61 with 877,000?

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 $877,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$72,422$71,777$71,147$70,533$69,933$69,059
2 years$35,852$35,185$34,538$33,910$33,302$32,422
3 years$23,664$22,994$22,348$21,727$21,128$20,270
4 years$17,571$16,903$16,264$15,653$15,069$14,240
5 years$13,916$13,252$12,621$12,023$11,455$10,657
6 years$11,481$10,821$10,200$9,615$9,064$8,298
7 years$9,742$9,088$8,476$7,905$7,371$6,637
8 years$8,438$7,790$7,188$6,631$6,115$5,413
9 years$7,424$6,782$6,191$5,648$5,150$4,480
10 years$6,614$5,978$5,398$4,869$4,388$3,749
11 years$5,951$5,322$4,752$4,237$3,774$3,166
12 years$5,400$4,777$4,217$3,717$3,270$2,692
13 years$4,933$4,317$3,768$3,281$2,852$2,303
14 years$4,534$3,924$3,386$2,913$2,500$1,980
15 years$4,188$3,585$3,057$2,598$2,201$1,709
16 years$3,885$3,289$2,771$2,326$1,945$1,480
17 years$3,619$3,029$2,522$2,090$1,725$1,285
18 years$3,382$2,799$2,302$1,883$1,534$1,119
19 years$3,171$2,594$2,107$1,702$1,367$976
20 years$2,981$2,410$1,934$1,541$1,221$853
21 years$2,809$2,245$1,779$1,399$1,093$747
22 years$2,653$2,096$1,640$1,272$979$655
23 years$2,511$1,960$1,514$1,158$879$575
24 years$2,381$1,837$1,400$1,056$790$505
25 years$2,261$1,724$1,297$965$711$444
26 years$2,151$1,620$1,203$882$641$390
27 years$2,049$1,524$1,117$807$577$344
28 years$1,955$1,436$1,038$740$521$303
29 years$1,867$1,355$966$678$471$267
30 years$1,785$1,280$900$623$425$236
31 years$1,709$1,210$839$572$384$208
32 years$1,638$1,145$783$526$348$183
33 years$1,571$1,084$731$483$315$162
34 years$1,508$1,027$683$445$285$143
35 years$1,449$975$638$409$258$126
36 years$1,393$925$597$377$234$112
37 years$1,340$879$559$347$212$99
38 years$1,291$835$524$320$192$87
39 years$1,244$794$490$295$174$77
40 years$1,199$755$460$272$158$68
41 years$1,157$719$431$251$143$60
42 years$1,117$685$404$232$130$53
43 years$1,078$652$379$214$118$47
44 years$1,042$622$356$198$107$42
45 years$1,007$593$334$182$97$37
46 years$974$566$314$169$88$33
47 years$943$540$295$156$80$29
48 years$913$515$277$144$73$26
49 years$884$492$261$133$66$23
50 years$856$470$245$123$60$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $877,000, adding $2,360 every year, while hoping to spend $21,278 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: 63/19/18 Blend
60$877,000$877,000$877,000$877,000
61$968,888$922,407$908,814$1,025,378
62$1,045,075$944,966$916,619$1,086,216
63$1,128,320$967,916$923,973$1,150,009
64$1,219,321$991,256$930,838$1,219,174
65$1,318,844$1,014,980$937,174$1,294,237
66$1,427,736$1,039,084$942,940$1,375,775
67$1,546,928$1,063,562$948,091$1,464,427
68$1,677,445$1,088,407$952,582$1,560,893
69$1,820,415$1,113,610$956,364$1,665,947
70$1,977,083$1,139,162$959,388$1,780,440
71$2,148,816$1,165,051$961,598$1,905,312
72$2,337,123$1,191,267$962,940$2,041,596
73$2,543,666$1,217,795$963,354$2,190,432
74$2,770,272$1,244,620$962,779$2,353,075
75$3,018,958$1,271,724$961,150$2,530,909
76$3,291,943$1,299,089$958,399$2,725,459
77$3,591,671$1,326,694$954,456$2,938,404
78$3,920,835$1,354,517$949,244$3,171,596
79$4,282,403$1,382,531$942,687$3,427,075
80$4,679,643$1,410,709$934,701$3,707,089
81$5,116,155$1,439,022$925,202$4,014,117
82$5,595,905$1,467,437$914,099$4,350,889
83$6,123,264$1,495,918$901,298$4,720,414
84$6,703,046$1,524,427$886,700$5,126,009
85$7,340,555$1,552,922$870,203$5,571,328
86$8,041,634$1,581,358$851,697$6,060,400
87$8,812,722$1,609,686$831,070$6,597,664
88$9,660,912$1,637,853$808,204$7,188,012
89$10,594,021$1,665,803$782,974$7,836,836
90$11,620,659$1,693,476$755,252$8,550,079
91$12,750,315$1,720,805$724,901$9,334,290
92$13,993,442$1,747,719$691,781$10,196,687
93$15,361,561$1,774,145$655,743$11,145,223
94$16,867,362$1,800,000$616,632$12,188,667
95$18,524,831$1,825,198$574,287$13,336,679
96$20,349,377$1,849,646$528,540$14,599,909
97$22,357,980$1,873,245$479,212$15,990,091
98$24,569,349$1,895,889$426,121$17,520,161
99$27,004,099$1,917,465$369,072$19,204,372
100$29,684,947$1,937,851$307,866$21,058,433