Can I retire at age 61 with 881,000?

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 $881,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$72,752$72,104$71,472$70,855$70,252$68,222
2 years$36,016$35,345$34,695$34,065$33,453$31,424
3 years$23,772$23,098$22,450$21,826$21,224$19,260
4 years$17,651$16,980$16,338$15,724$15,137$13,252
5 years$13,980$13,312$12,679$12,078$11,507$9,707
6 years$11,533$10,871$10,246$9,659$9,105$7,391
7 years$9,786$9,129$8,515$7,941$7,405$5,777
8 years$8,476$7,825$7,221$6,661$6,143$4,601
9 years$7,458$6,813$6,220$5,674$5,173$3,715
10 years$6,644$6,006$5,422$4,891$4,408$3,032
11 years$5,979$5,346$4,774$4,257$3,791$2,494
12 years$5,424$4,799$4,237$3,734$3,285$2,066
13 years$4,956$4,337$3,785$3,296$2,865$1,719
14 years$4,554$3,942$3,401$2,926$2,511$1,437
15 years$4,207$3,601$3,071$2,610$2,211$1,206
16 years$3,903$3,304$2,784$2,337$1,954$1,014
17 years$3,635$3,043$2,533$2,099$1,733$855
18 years$3,398$2,812$2,313$1,892$1,541$723
19 years$3,185$2,606$2,117$1,710$1,373$612
20 years$2,994$2,421$1,943$1,548$1,227$518
21 years$2,822$2,255$1,787$1,405$1,098$440
22 years$2,665$2,105$1,647$1,278$984$374
23 years$2,522$1,969$1,521$1,164$883$318
24 years$2,391$1,845$1,406$1,061$794$270
25 years$2,271$1,731$1,303$969$714$230
26 years$2,161$1,627$1,208$886$643$196
27 years$2,058$1,531$1,122$811$580$167
28 years$1,964$1,443$1,043$743$523$142
29 years$1,875$1,361$971$682$473$121
30 years$1,793$1,286$904$625$427$103
31 years$1,717$1,215$843$574$386$88
32 years$1,645$1,150$786$528$349$75
33 years$1,578$1,089$734$485$316$64
34 years$1,515$1,032$686$447$286$55
35 years$1,455$979$641$411$259$47
36 years$1,399$929$600$379$235$40
37 years$1,346$883$562$349$213$34
38 years$1,296$839$526$322$193$29
39 years$1,249$798$493$297$175$25
40 years$1,204$759$462$274$159$21
41 years$1,162$722$433$252$144$18
42 years$1,122$688$406$233$131$15
43 years$1,083$655$381$215$119$13
44 years$1,047$625$358$199$108$11
45 years$1,012$596$336$183$98$10
46 years$979$568$316$169$89$8
47 years$947$542$296$156$81$7
48 years$917$518$279$145$73$6
49 years$888$494$262$134$66$5
50 years$860$472$246$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $881,000, adding $6,174 every year, while hoping to spend $25,157 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: 72/5/23 Blend
60$881,000$881,000$881,000$881,000
61$977,230$930,537$916,882$1,041,596
62$1,050,141$949,367$920,831$1,104,142
63$1,129,646$968,276$924,068$1,169,056
64$1,216,390$987,242$926,545$1,239,538
65$1,311,085$1,006,240$928,207$1,316,140
66$1,414,513$1,025,243$929,000$1,399,466
67$1,527,537$1,044,223$928,865$1,490,187
68$1,651,104$1,063,149$927,741$1,589,038
69$1,786,260$1,081,987$925,563$1,696,831
70$1,934,154$1,100,699$922,265$1,814,461
71$2,096,052$1,119,249$917,776$1,942,914
72$2,273,350$1,137,592$912,021$2,083,277
73$2,467,582$1,155,684$904,925$2,236,746
74$2,680,440$1,173,478$896,404$2,404,643
75$2,913,786$1,190,919$886,375$2,588,423
76$3,169,672$1,207,954$874,748$2,789,688
77$3,450,356$1,224,521$861,430$3,010,206
78$3,758,328$1,240,558$846,323$3,251,925
79$4,096,327$1,255,996$829,325$3,516,993
80$4,467,374$1,270,761$810,329$3,807,775
81$4,874,795$1,284,777$789,224$4,126,880
82$5,322,252$1,297,959$765,891$4,477,183
83$5,813,783$1,310,220$740,209$4,861,852
84$6,353,832$1,321,464$712,049$5,284,380
85$6,947,298$1,331,591$681,278$5,748,616
86$7,599,577$1,340,493$647,756$6,258,802
87$8,316,613$1,348,057$611,335$6,819,615
88$9,104,957$1,354,161$571,864$7,436,209
89$9,971,823$1,358,675$529,181$8,114,264
90$10,925,161$1,361,463$483,121$8,860,041
91$11,973,731$1,362,378$433,509$9,680,441
92$13,127,182$1,361,265$380,162$10,583,070
93$14,396,147$1,357,959$322,890$11,576,309
94$15,792,342$1,352,287$261,495$12,669,398
95$17,328,673$1,344,062$195,768$13,872,520
96$19,019,364$1,333,087$125,492$15,196,898
97$20,880,086$1,319,154$50,442$16,654,900
98$22,928,104$1,302,043$0$18,260,160
99$25,182,445$1,281,517$0$20,034,979
100$27,664,073$1,257,330$0$22,002,324