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%17.2%
1 years$72,422$71,777$71,147$70,533$69,933$67,885
2 years$35,852$35,185$34,538$33,910$33,302$31,255
3 years$23,664$22,994$22,348$21,727$21,128$19,146
4 years$17,571$16,903$16,264$15,653$15,069$13,168
5 years$13,916$13,252$12,621$12,023$11,455$9,640
6 years$11,481$10,821$10,200$9,615$9,064$7,336
7 years$9,742$9,088$8,476$7,905$7,371$5,731
8 years$8,438$7,790$7,188$6,631$6,115$4,561
9 years$7,424$6,782$6,191$5,648$5,150$3,681
10 years$6,614$5,978$5,398$4,869$4,388$3,002
11 years$5,951$5,322$4,752$4,237$3,774$2,468
12 years$5,400$4,777$4,217$3,717$3,270$2,043
13 years$4,933$4,317$3,768$3,281$2,852$1,699
14 years$4,534$3,924$3,386$2,913$2,500$1,420
15 years$4,188$3,585$3,057$2,598$2,201$1,190
16 years$3,885$3,289$2,771$2,326$1,945$1,000
17 years$3,619$3,029$2,522$2,090$1,725$843
18 years$3,382$2,799$2,302$1,883$1,534$712
19 years$3,171$2,594$2,107$1,702$1,367$602
20 years$2,981$2,410$1,934$1,541$1,221$510
21 years$2,809$2,245$1,779$1,399$1,093$432
22 years$2,653$2,096$1,640$1,272$979$367
23 years$2,511$1,960$1,514$1,158$879$311
24 years$2,381$1,837$1,400$1,056$790$265
25 years$2,261$1,724$1,297$965$711$225
26 years$2,151$1,620$1,203$882$641$192
27 years$2,049$1,524$1,117$807$577$163
28 years$1,955$1,436$1,038$740$521$139
29 years$1,867$1,355$966$678$471$118
30 years$1,785$1,280$900$623$425$101
31 years$1,709$1,210$839$572$384$86
32 years$1,638$1,145$783$526$348$73
33 years$1,571$1,084$731$483$315$62
34 years$1,508$1,027$683$445$285$53
35 years$1,449$975$638$409$258$45
36 years$1,393$925$597$377$234$39
37 years$1,340$879$559$347$212$33
38 years$1,291$835$524$320$192$28
39 years$1,244$794$490$295$174$24
40 years$1,199$755$460$272$158$20
41 years$1,157$719$431$251$143$17
42 years$1,117$685$404$232$130$15
43 years$1,078$652$379$214$118$13
44 years$1,042$622$356$198$107$11
45 years$1,007$593$334$182$97$9
46 years$974$566$314$169$88$8
47 years$943$540$295$156$80$7
48 years$913$515$277$144$73$6
49 years$884$492$261$133$66$5
50 years$856$470$245$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $877,000, adding $5,175 every year, while hoping to spend $45,839 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: 47/34/19 Blend
60$877,000$877,000$877,000$877,000
61$971,792$925,311$911,718$1,012,002
62$1,022,142$921,879$893,488$1,037,117
63$1,076,092$916,742$873,111$1,059,335
64$1,133,960$909,769$850,467$1,082,486
65$1,196,096$900,820$825,429$1,106,677
66$1,262,884$889,746$797,867$1,132,026
67$1,334,745$876,390$767,642$1,158,671
68$1,412,141$860,586$734,611$1,186,762
69$1,495,582$842,156$698,622$1,216,470
70$1,585,624$820,915$659,519$1,247,988
71$1,682,882$796,664$617,137$1,281,530
72$1,788,029$769,194$571,305$1,317,336
73$1,901,806$738,283$521,842$1,355,677
74$2,025,028$703,696$468,561$1,396,854
75$2,158,589$665,185$411,266$1,441,203
76$2,303,474$622,489$349,752$1,489,100
77$2,460,766$575,328$283,806$1,540,966
78$2,631,655$523,410$213,205$1,597,270
79$2,817,451$466,425$137,715$1,658,532
80$3,019,596$404,044$57,093$1,725,336
81$3,239,675$335,922$0$1,798,328
82$3,479,432$261,692$0$1,884,100
83$3,740,787$180,969$0$1,990,317
84$4,025,854$93,343$0$2,106,342
85$4,336,959$0$0$2,233,227
86$4,676,660$0$0$2,372,737
87$5,047,778$0$0$2,563,395
88$5,453,413$0$0$2,771,881
89$5,896,982$0$0$2,999,965
90$6,382,246$0$0$3,249,591
91$6,913,346$0$0$3,522,904
92$7,494,841$0$0$3,822,263
93$8,131,753$0$0$4,150,268
94$8,829,612$0$0$4,509,780
95$9,594,508$0$0$4,903,952
96$10,433,148$0$0$5,336,256
97$11,352,919$0$0$5,810,517
98$12,361,958$0$0$6,330,946
99$13,469,227$0$0$6,902,182
100$14,684,597$0$0$7,529,338