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%
1 years$72,504$71,859$71,228$70,613$70,013$67,745
2 years$35,893$35,225$34,577$33,949$33,340$31,076
3 years$23,691$23,020$22,374$21,751$21,152$18,963
4 years$17,591$16,922$16,282$15,671$15,086$12,989
5 years$13,932$13,267$12,636$12,037$11,468$9,469
6 years$11,494$10,834$10,212$9,626$9,074$7,175
7 years$9,753$9,098$8,486$7,914$7,380$5,580
8 years$8,447$7,799$7,197$6,639$6,122$4,420
9 years$7,433$6,790$6,198$5,655$5,156$3,549
10 years$6,622$5,985$5,404$4,874$4,393$2,880
11 years$5,958$5,328$4,758$4,242$3,778$2,356
12 years$5,406$4,782$4,222$3,721$3,274$1,939
13 years$4,939$4,322$3,772$3,285$2,855$1,605
14 years$4,539$3,928$3,389$2,916$2,503$1,333
15 years$4,193$3,589$3,060$2,601$2,204$1,111
16 years$3,890$3,293$2,775$2,329$1,948$929
17 years$3,623$3,032$2,525$2,092$1,727$778
18 years$3,386$2,802$2,305$1,886$1,535$653
19 years$3,174$2,597$2,110$1,704$1,369$549
20 years$2,984$2,413$1,936$1,543$1,222$462
21 years$2,812$2,248$1,781$1,400$1,094$389
22 years$2,656$2,098$1,642$1,273$981$328
23 years$2,514$1,962$1,516$1,160$880$277
24 years$2,383$1,839$1,402$1,058$791$234
25 years$2,264$1,725$1,298$966$712$198
26 years$2,153$1,622$1,204$883$641$167
27 years$2,051$1,526$1,118$808$578$141
28 years$1,957$1,438$1,039$741$522$120
29 years$1,869$1,357$967$679$471$101
30 years$1,787$1,281$901$623$426$86
31 years$1,711$1,211$840$572$385$73
32 years$1,639$1,146$784$526$348$61
33 years$1,572$1,085$732$484$315$52
34 years$1,509$1,029$684$445$285$44
35 years$1,450$976$639$410$258$37
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$19
40 years$1,200$756$460$273$158$16
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$8
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 $6,117 every year, while hoping to spend $46,487 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: 44/35/21 Blend
60$878,000$878,000$878,000$878,000
61$973,866$927,332$913,723$1,010,552
62$1,023,738$923,309$894,871$1,033,017
63$1,077,140$917,531$873,829$1,052,330
64$1,134,381$909,863$850,475$1,072,313
65$1,195,803$900,162$824,681$1,093,049
66$1,261,780$888,275$796,314$1,114,637
67$1,332,723$874,042$765,231$1,137,187
68$1,409,083$857,292$731,289$1,160,821
69$1,491,355$837,845$694,332$1,185,682
70$1,580,083$815,509$654,202$1,211,927
71$1,675,864$790,082$610,731$1,239,737
72$1,779,355$761,349$563,743$1,269,313
73$1,891,278$729,083$513,057$1,300,882
74$2,012,425$693,045$458,481$1,334,699
75$2,143,669$652,981$399,817$1,371,051
76$2,285,968$608,622$336,855$1,410,258
77$2,440,376$559,684$269,380$1,452,682
78$2,608,053$505,867$197,162$1,498,724
79$2,790,274$446,854$119,967$1,548,835
80$2,988,441$382,309$37,545$1,603,519
81$3,204,099$311,879$0$1,663,338
82$3,438,945$235,190$0$1,740,217
83$3,694,849$151,845$0$1,833,271
84$3,973,866$61,428$0$1,934,922
85$4,278,261$0$0$2,046,106
86$4,610,524$0$0$2,181,917
87$4,973,399$0$0$2,356,178
88$5,369,903$0$0$2,546,692
89$5,803,361$0$0$2,755,070
90$6,277,433$0$0$2,983,084
91$6,796,146$0$0$3,232,685
92$7,363,939$0$0$3,506,023
93$7,985,696$0$0$3,805,466
94$8,666,797$0$0$4,133,619
95$9,413,167$0$0$4,493,354
96$10,231,331$0$0$4,887,832
97$11,128,476$0$0$5,320,535
98$12,112,516$0$0$5,795,300
99$13,192,170$0$0$6,316,352
100$14,377,040$0$0$6,888,343