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%12.5%
1 years$72,504$71,859$71,228$70,613$70,013$69,282
2 years$35,893$35,225$34,577$33,949$33,340$32,603
3 years$23,691$23,020$22,374$21,751$21,152$20,433
4 years$17,591$16,922$16,282$15,671$15,086$14,390
5 years$13,932$13,267$12,636$12,037$11,468$10,798
6 years$11,494$10,834$10,212$9,626$9,074$8,430
7 years$9,753$9,098$8,486$7,914$7,380$6,762
8 years$8,447$7,799$7,197$6,639$6,122$5,531
9 years$7,433$6,790$6,198$5,655$5,156$4,591
10 years$6,622$5,985$5,404$4,874$4,393$3,854
11 years$5,958$5,328$4,758$4,242$3,778$3,264
12 years$5,406$4,782$4,222$3,721$3,274$2,785
13 years$4,939$4,322$3,772$3,285$2,855$2,390
14 years$4,539$3,928$3,389$2,916$2,503$2,061
15 years$4,193$3,589$3,060$2,601$2,204$1,785
16 years$3,890$3,293$2,775$2,329$1,948$1,551
17 years$3,623$3,032$2,525$2,092$1,727$1,352
18 years$3,386$2,802$2,305$1,886$1,535$1,181
19 years$3,174$2,597$2,110$1,704$1,369$1,034
20 years$2,984$2,413$1,936$1,543$1,222$907
21 years$2,812$2,248$1,781$1,400$1,094$797
22 years$2,656$2,098$1,642$1,273$981$701
23 years$2,514$1,962$1,516$1,160$880$618
24 years$2,383$1,839$1,402$1,058$791$545
25 years$2,264$1,725$1,298$966$712$481
26 years$2,153$1,622$1,204$883$641$425
27 years$2,051$1,526$1,118$808$578$376
28 years$1,957$1,438$1,039$741$522$332
29 years$1,869$1,357$967$679$471$294
30 years$1,787$1,281$901$623$426$261
31 years$1,711$1,211$840$572$385$231
32 years$1,639$1,146$784$526$348$205
33 years$1,572$1,085$732$484$315$181
34 years$1,509$1,029$684$445$285$161
35 years$1,450$976$639$410$258$143
36 years$1,394$926$598$377$234$127
37 years$1,342$880$560$348$212$112
38 years$1,292$836$524$321$192$100
39 years$1,245$795$491$296$174$89
40 years$1,200$756$460$273$158$79
41 years$1,158$720$432$251$144$70
42 years$1,118$686$405$232$130$62
43 years$1,080$653$380$214$118$55
44 years$1,043$623$357$198$107$49
45 years$1,009$594$335$183$97$43
46 years$975$566$314$169$88$39
47 years$944$541$295$156$80$34
48 years$914$516$278$144$73$30
49 years$885$493$261$133$66$27
50 years$857$471$245$123$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $878,000, adding $5,477 every year, while hoping to spend $31,716 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: 51/35/14 Blend
60$878,000$878,000$878,000$878,000
61$973,206$926,672$913,063$1,018,882
62$1,038,727$938,333$909,905$1,062,441
63$1,109,868$949,503$905,578$1,105,977
64$1,187,170$960,123$900,010$1,152,597
65$1,271,225$970,133$893,124$1,202,600
66$1,362,688$979,467$884,841$1,256,318
67$1,462,276$988,055$875,077$1,314,118
68$1,570,781$995,822$863,745$1,376,404
69$1,689,072$1,002,690$850,752$1,443,622
70$1,818,109$1,008,573$836,004$1,516,267
71$1,958,946$1,013,382$819,399$1,594,884
72$2,112,742$1,017,022$800,833$1,680,074
73$2,280,776$1,019,391$780,196$1,772,503
74$2,464,455$1,020,380$757,372$1,872,906
75$2,665,326$1,019,876$732,241$1,982,092
76$2,885,096$1,017,756$704,677$2,100,958
77$3,125,641$1,013,891$674,549$2,230,492
78$3,389,028$1,008,144$641,719$2,371,786
79$3,677,536$1,000,370$606,043$2,526,046
80$3,993,670$990,414$567,371$2,694,602
81$4,340,193$978,112$525,546$2,878,923
82$4,720,144$963,291$480,403$3,080,632
83$5,136,874$945,768$431,772$3,301,518
84$5,594,071$925,347$379,473$3,543,558
85$6,095,800$901,822$323,318$3,808,933
86$6,646,536$874,975$263,114$4,100,050
87$7,251,209$844,575$198,654$4,419,565
88$7,915,250$810,378$129,728$4,770,412
89$8,644,643$772,124$56,111$5,155,825
90$9,445,978$729,540$0$5,579,374
91$10,326,517$682,335$0$6,048,353
92$11,294,257$630,205$0$6,572,918
93$12,358,011$572,826$0$7,149,511
94$13,527,488$509,854$0$7,783,463
95$14,813,384$440,929$0$8,480,654
96$16,227,484$365,669$0$9,247,565
97$17,782,770$283,669$0$10,091,344
98$19,493,548$194,505$0$11,019,876
99$21,375,579$97,724$0$12,041,852
100$23,446,228$0$0$13,166,858