Can I retire at age 61 with 878,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.2%
1 years$72,504$71,859$71,228$70,613$70,013$67,422
2 years$35,893$35,225$34,577$33,949$33,340$30,758
3 years$23,691$23,020$22,374$21,751$21,152$18,662
4 years$17,591$16,922$16,282$15,671$15,086$12,705
5 years$13,932$13,267$12,636$12,037$11,468$9,204
6 years$11,494$10,834$10,212$9,626$9,074$6,928
7 years$9,753$9,098$8,486$7,914$7,380$5,351
8 years$8,447$7,799$7,197$6,639$6,122$4,209
9 years$7,433$6,790$6,198$5,655$5,156$3,355
10 years$6,622$5,985$5,404$4,874$4,393$2,702
11 years$5,958$5,328$4,758$4,242$3,778$2,193
12 years$5,406$4,782$4,222$3,721$3,274$1,791
13 years$4,939$4,322$3,772$3,285$2,855$1,470
14 years$4,539$3,928$3,389$2,916$2,503$1,211
15 years$4,193$3,589$3,060$2,601$2,204$1,001
16 years$3,890$3,293$2,775$2,329$1,948$829
17 years$3,623$3,032$2,525$2,092$1,727$689
18 years$3,386$2,802$2,305$1,886$1,535$573
19 years$3,174$2,597$2,110$1,704$1,369$477
20 years$2,984$2,413$1,936$1,543$1,222$398
21 years$2,812$2,248$1,781$1,400$1,094$332
22 years$2,656$2,098$1,642$1,273$981$277
23 years$2,514$1,962$1,516$1,160$880$232
24 years$2,383$1,839$1,402$1,058$791$194
25 years$2,264$1,725$1,298$966$712$162
26 years$2,153$1,622$1,204$883$641$136
27 years$2,051$1,526$1,118$808$578$114
28 years$1,957$1,438$1,039$741$522$95
29 years$1,869$1,357$967$679$471$80
30 years$1,787$1,281$901$623$426$67
31 years$1,711$1,211$840$572$385$56
32 years$1,639$1,146$784$526$348$47
33 years$1,572$1,085$732$484$315$39
34 years$1,509$1,029$684$445$285$33
35 years$1,450$976$639$410$258$28
36 years$1,394$926$598$377$234$23
37 years$1,342$880$560$348$212$20
38 years$1,292$836$524$321$192$16
39 years$1,245$795$491$296$174$14
40 years$1,200$756$460$273$158$12
41 years$1,158$720$432$251$144$10
42 years$1,118$686$405$232$130$8
43 years$1,080$653$380$214$118$7
44 years$1,043$623$357$198$107$6
45 years$1,009$594$335$183$97$5
46 years$975$566$314$169$88$4
47 years$944$541$295$156$80$3
48 years$914$516$278$144$73$3
49 years$885$493$261$133$66$2
50 years$857$471$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 $878,000, adding $6,177 every year, while hoping to spend $45,883 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: 44/50/6 Blend
60$878,000$878,000$878,000$878,000
61$973,928$927,394$913,785$1,014,865
62$1,024,449$924,017$895,577$1,040,402
63$1,078,586$918,937$875,222$1,062,834
64$1,136,658$912,021$852,599$1,086,076
65$1,199,018$903,131$827,581$1,110,215
66$1,266,051$892,117$800,038$1,135,354
67$1,338,180$878,823$769,831$1,161,606
68$1,415,870$863,081$736,817$1,189,101
69$1,499,633$844,716$700,844$1,217,985
70$1,590,029$823,540$661,756$1,248,422
71$1,687,674$799,356$619,387$1,280,597
72$1,793,246$771,954$573,566$1,314,718
73$1,907,490$741,112$524,112$1,351,019
74$2,031,223$706,596$470,840$1,389,762
75$2,165,346$668,157$413,551$1,431,242
76$2,310,848$625,534$352,042$1,475,787
77$2,468,818$578,448$286,098$1,523,767
78$2,640,451$526,606$215,496$1,575,594
79$2,827,065$469,698$140,004$1,631,730
80$3,030,109$407,396$59,377$1,692,691
81$3,251,175$339,354$0$1,759,052
82$3,492,018$265,205$0$1,833,161
83$3,754,568$184,564$0$1,918,197
84$4,040,948$97,022$0$2,011,169
85$4,353,496$2,148$0$2,112,984
86$4,694,786$0$0$2,224,652
87$5,067,651$0$0$2,402,598
88$5,475,208$0$0$2,598,494
89$5,920,893$0$0$2,812,823
90$6,408,484$0$0$3,047,417
91$6,942,144$0$0$3,304,290
92$7,526,458$0$0$3,585,665
93$8,166,473$0$0$3,893,987
94$8,867,747$0$0$4,231,949
95$9,636,403$0$0$4,602,517
96$10,479,182$0$0$5,008,960
97$11,403,510$0$0$5,454,874
98$12,417,566$0$0$5,944,224
99$13,530,359$0$0$6,481,376
100$14,751,813$0$0$7,071,139