Can I retire at age 61 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$72,504$71,859$71,228$70,613$70,013$67,772
2 years$35,893$35,225$34,577$33,949$33,340$31,102
3 years$23,691$23,020$22,374$21,751$21,152$18,989
4 years$17,591$16,922$16,282$15,671$15,086$13,013
5 years$13,932$13,267$12,636$12,037$11,468$9,492
6 years$11,494$10,834$10,212$9,626$9,074$7,196
7 years$9,753$9,098$8,486$7,914$7,380$5,599
8 years$8,447$7,799$7,197$6,639$6,122$4,438
9 years$7,433$6,790$6,198$5,655$5,156$3,566
10 years$6,622$5,985$5,404$4,874$4,393$2,896
11 years$5,958$5,328$4,758$4,242$3,778$2,370
12 years$5,406$4,782$4,222$3,721$3,274$1,952
13 years$4,939$4,322$3,772$3,285$2,855$1,616
14 years$4,539$3,928$3,389$2,916$2,503$1,344
15 years$4,193$3,589$3,060$2,601$2,204$1,121
16 years$3,890$3,293$2,775$2,329$1,948$938
17 years$3,623$3,032$2,525$2,092$1,727$786
18 years$3,386$2,802$2,305$1,886$1,535$660
19 years$3,174$2,597$2,110$1,704$1,369$555
20 years$2,984$2,413$1,936$1,543$1,222$468
21 years$2,812$2,248$1,781$1,400$1,094$394
22 years$2,656$2,098$1,642$1,273$981$333
23 years$2,514$1,962$1,516$1,160$880$281
24 years$2,383$1,839$1,402$1,058$791$238
25 years$2,264$1,725$1,298$966$712$201
26 years$2,153$1,622$1,204$883$641$170
27 years$2,051$1,526$1,118$808$578$144
28 years$1,957$1,438$1,039$741$522$122
29 years$1,869$1,357$967$679$471$103
30 years$1,787$1,281$901$623$426$87
31 years$1,711$1,211$840$572$385$74
32 years$1,639$1,146$784$526$348$63
33 years$1,572$1,085$732$484$315$53
34 years$1,509$1,029$684$445$285$45
35 years$1,450$976$639$410$258$38
36 years$1,394$926$598$377$234$32
37 years$1,342$880$560$348$212$27
38 years$1,292$836$524$321$192$23
39 years$1,245$795$491$296$174$20
40 years$1,200$756$460$273$158$17
41 years$1,158$720$432$251$144$14
42 years$1,118$686$405$232$130$12
43 years$1,080$653$380$214$118$10
44 years$1,043$623$357$198$107$9
45 years$1,009$594$335$183$97$7
46 years$975$566$314$169$88$6
47 years$944$541$295$156$80$5
48 years$914$516$278$144$73$4
49 years$885$493$261$133$66$4
50 years$857$471$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $878,000, adding $4,665 every year, while hoping to spend $40,681 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: 45/42/13 Blend
60$878,000$878,000$878,000$878,000
61$972,368$925,834$912,225$1,012,322
62$1,028,265$927,916$899,500$1,042,656
63$1,088,501$928,736$884,986$1,071,035
64$1,153,473$928,190$868,579$1,100,909
65$1,223,623$926,166$850,171$1,132,435
66$1,299,431$922,547$829,651$1,165,782
67$1,381,428$917,207$806,899$1,201,145
68$1,470,197$910,013$781,793$1,238,735
69$1,566,378$900,825$754,204$1,278,793
70$1,670,675$889,492$723,997$1,321,582
71$1,783,864$875,856$691,030$1,367,399
72$1,906,794$859,750$655,156$1,416,572
73$2,040,405$840,995$616,222$1,469,468
74$2,185,726$819,404$574,065$1,526,492
75$2,343,892$794,776$528,518$1,588,096
76$2,516,150$766,901$479,404$1,654,784
77$2,703,874$735,556$426,541$1,727,112
78$2,908,574$700,503$369,735$1,805,701
79$3,131,914$661,494$308,787$1,891,239
80$3,375,725$618,263$243,487$1,984,488
81$3,642,022$570,530$173,616$2,086,296
82$3,933,023$518,001$98,948$2,197,603
83$4,251,171$460,363$19,242$2,319,449
84$4,599,156$397,286$0$2,452,990
85$4,979,937$328,420$0$2,608,635
86$5,396,775$253,397$0$2,782,115
87$5,853,260$171,828$0$2,972,366
88$6,353,347$83,301$0$3,181,168
89$6,901,388$0$0$3,410,488
90$7,502,180$0$0$3,668,333
91$8,161,003$0$0$3,993,406
92$8,883,675$0$0$4,350,089
93$9,676,602$0$0$4,741,559
94$10,546,842$0$0$5,171,313
95$11,502,167$0$0$5,643,205
96$12,551,142$0$0$6,161,479
97$13,703,198$0$0$6,730,810
98$14,968,727$0$0$7,356,351
99$16,359,176$0$0$8,043,775
100$17,887,155$0$0$8,799,335