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%18.7%
1 years$72,504$71,859$71,228$70,613$70,013$67,556
2 years$35,893$35,225$34,577$33,949$33,340$30,890
3 years$23,691$23,020$22,374$21,751$21,152$18,787
4 years$17,591$16,922$16,282$15,671$15,086$12,823
5 years$13,932$13,267$12,636$12,037$11,468$9,313
6 years$11,494$10,834$10,212$9,626$9,074$7,030
7 years$9,753$9,098$8,486$7,914$7,380$5,445
8 years$8,447$7,799$7,197$6,639$6,122$4,295
9 years$7,433$6,790$6,198$5,655$5,156$3,435
10 years$6,622$5,985$5,404$4,874$4,393$2,775
11 years$5,958$5,328$4,758$4,242$3,778$2,259
12 years$5,406$4,782$4,222$3,721$3,274$1,851
13 years$4,939$4,322$3,772$3,285$2,855$1,524
14 years$4,539$3,928$3,389$2,916$2,503$1,260
15 years$4,193$3,589$3,060$2,601$2,204$1,045
16 years$3,890$3,293$2,775$2,329$1,948$869
17 years$3,623$3,032$2,525$2,092$1,727$725
18 years$3,386$2,802$2,305$1,886$1,535$605
19 years$3,174$2,597$2,110$1,704$1,369$506
20 years$2,984$2,413$1,936$1,543$1,222$423
21 years$2,812$2,248$1,781$1,400$1,094$355
22 years$2,656$2,098$1,642$1,273$981$298
23 years$2,514$1,962$1,516$1,160$880$250
24 years$2,383$1,839$1,402$1,058$791$210
25 years$2,264$1,725$1,298$966$712$176
26 years$2,153$1,622$1,204$883$641$148
27 years$2,051$1,526$1,118$808$578$125
28 years$1,957$1,438$1,039$741$522$105
29 years$1,869$1,357$967$679$471$88
30 years$1,787$1,281$901$623$426$74
31 years$1,711$1,211$840$572$385$62
32 years$1,639$1,146$784$526$348$53
33 years$1,572$1,085$732$484$315$44
34 years$1,509$1,029$684$445$285$37
35 years$1,450$976$639$410$258$31
36 years$1,394$926$598$377$234$26
37 years$1,342$880$560$348$212$22
38 years$1,292$836$524$321$192$19
39 years$1,245$795$491$296$174$16
40 years$1,200$756$460$273$158$13
41 years$1,158$720$432$251$144$11
42 years$1,118$686$405$232$130$9
43 years$1,080$653$380$214$118$8
44 years$1,043$623$357$198$107$7
45 years$1,009$594$335$183$97$6
46 years$975$566$314$169$88$5
47 years$944$541$295$156$80$4
48 years$914$516$278$144$73$3
49 years$885$493$261$133$66$3
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 $6,681 every year, while hoping to spend $46,582 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: 36/50/14 Blend
60$878,000$878,000$878,000$878,000
61$974,447$927,913$914,304$1,005,110
62$1,024,278$923,818$895,371$1,023,712
63$1,077,630$917,961$874,242$1,038,852
64$1,134,814$910,207$850,794$1,054,184
65$1,196,170$900,411$824,900$1,069,750
66$1,262,070$888,422$796,425$1,085,599
67$1,332,924$874,079$765,229$1,101,788
68$1,409,183$857,209$731,164$1,118,384
69$1,491,339$837,632$694,078$1,135,467
70$1,579,936$815,156$653,810$1,153,128
71$1,675,569$789,577$610,191$1,171,472
72$1,778,892$760,682$563,048$1,190,622
73$1,890,625$728,242$512,196$1,210,716
74$2,011,559$692,016$457,445$1,231,915
75$2,142,563$651,750$398,595$1,254,402
76$2,284,594$607,174$335,436$1,278,384
77$2,438,701$558,004$267,752$1,304,097
78$2,606,041$503,939$195,314$1,331,810
79$2,787,885$444,660$117,886$1,361,825
80$2,985,632$379,831$35,218$1,394,486
81$3,200,821$309,098$0$1,430,179
82$3,435,145$232,084$0$1,477,259
83$3,690,467$148,393$0$1,534,425
84$3,968,838$57,607$0$1,597,007
85$4,272,513$0$0$1,665,668
86$4,603,978$0$0$1,763,548
87$4,965,965$0$0$1,905,173
88$5,361,484$0$0$2,060,039
89$5,793,850$0$0$2,229,458
90$6,266,711$0$0$2,414,875
91$6,784,083$0$0$2,617,882
92$7,350,388$0$0$2,840,232
93$7,970,499$0$0$3,083,854
94$8,649,777$0$0$3,350,874
95$9,394,130$0$0$3,643,632
96$10,210,062$0$0$3,964,708
97$11,104,738$0$0$4,316,940
98$12,086,048$0$0$4,703,457
99$13,162,684$0$0$5,127,703
100$14,344,217$0$0$5,593,474