Can I retire at age 61 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$72,835$72,186$71,553$70,935$70,332$69,025
2 years$36,057$35,385$34,734$34,103$33,491$32,179
3 years$23,799$23,125$22,475$21,850$21,248$19,972
4 years$17,671$16,999$16,356$15,742$15,154$13,924
5 years$13,996$13,327$12,693$12,091$11,520$10,339
6 years$11,546$10,883$10,258$9,670$9,116$7,985
7 years$9,797$9,139$8,524$7,950$7,413$6,334
8 years$8,486$7,834$7,229$6,669$6,150$5,122
9 years$7,467$6,821$6,227$5,680$5,179$4,201
10 years$6,652$6,012$5,429$4,897$4,413$3,484
11 years$5,985$5,353$4,779$4,262$3,795$2,914
12 years$5,431$4,804$4,241$3,738$3,289$2,454
13 years$4,961$4,342$3,789$3,300$2,868$2,079
14 years$4,560$3,946$3,405$2,929$2,514$1,769
15 years$4,212$3,605$3,074$2,613$2,214$1,511
16 years$3,908$3,308$2,787$2,339$1,956$1,295
17 years$3,640$3,046$2,536$2,102$1,735$1,113
18 years$3,402$2,815$2,315$1,894$1,542$959
19 years$3,189$2,609$2,119$1,711$1,375$827
20 years$2,998$2,424$1,945$1,550$1,228$715
21 years$2,825$2,258$1,789$1,407$1,099$619
22 years$2,668$2,108$1,649$1,279$985$536
23 years$2,525$1,971$1,523$1,165$884$465
24 years$2,394$1,847$1,408$1,062$795$404
25 years$2,274$1,733$1,304$970$715$351
26 years$2,163$1,629$1,210$887$644$305
27 years$2,061$1,533$1,123$812$581$265
28 years$1,966$1,445$1,044$744$524$231
29 years$1,878$1,363$972$682$473$201
30 years$1,795$1,287$905$626$428$175
31 years$1,719$1,217$844$575$387$153
32 years$1,647$1,151$787$529$350$133
33 years$1,580$1,090$735$486$316$116
34 years$1,516$1,033$687$447$287$101
35 years$1,457$980$642$412$260$88
36 years$1,401$930$601$379$235$77
37 years$1,348$884$562$349$213$67
38 years$1,298$840$526$322$193$59
39 years$1,251$798$493$297$175$51
40 years$1,206$760$462$274$159$45
41 years$1,163$723$434$253$144$39
42 years$1,123$689$407$233$131$34
43 years$1,085$656$382$215$119$30
44 years$1,048$625$358$199$108$26
45 years$1,013$596$336$184$98$23
46 years$980$569$316$170$89$20
47 years$948$543$297$157$81$17
48 years$918$518$279$145$73$15
49 years$889$495$262$134$67$13
50 years$861$473$246$124$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $882,000, adding $3,753 every year, while hoping to spend $27,386 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: 45/38/17 Blend
60$882,000$882,000$882,000$882,000
61$975,835$929,089$915,418$1,014,833
62$1,046,232$945,476$916,946$1,058,861
63$1,122,891$961,748$917,608$1,103,543
64$1,206,423$977,871$917,344$1,151,414
65$1,297,498$993,807$916,096$1,202,779
66$1,396,856$1,009,516$913,798$1,257,980
67$1,505,309$1,024,956$910,384$1,317,390
68$1,623,753$1,040,081$905,784$1,381,422
69$1,753,172$1,054,841$899,924$1,450,533
70$1,894,652$1,069,184$892,727$1,525,226
71$2,049,386$1,083,054$884,113$1,606,056
72$2,218,689$1,096,390$873,997$1,693,638
73$2,404,010$1,109,128$862,291$1,788,647
74$2,606,943$1,121,199$848,901$1,891,831
75$2,829,243$1,132,529$833,731$2,004,015
76$3,072,844$1,143,042$816,680$2,126,108
77$3,339,875$1,152,652$797,640$2,259,114
78$3,632,683$1,161,272$776,500$2,404,141
79$3,953,848$1,168,806$753,145$2,562,413
80$4,306,218$1,175,155$727,453$2,735,279
81$4,692,925$1,180,210$699,295$2,924,228
82$5,117,422$1,183,859$668,540$3,130,903
83$5,583,511$1,185,980$635,048$3,357,117
84$6,095,380$1,186,444$598,673$3,604,871
85$6,657,644$1,185,115$559,264$3,876,372
86$7,275,386$1,181,848$516,662$4,174,054
87$7,954,205$1,176,488$470,700$4,500,604
88$8,700,271$1,168,873$421,205$4,858,987
89$9,520,380$1,158,829$367,997$5,252,471
90$10,422,020$1,146,173$310,885$5,684,663
91$11,413,439$1,130,708$249,673$6,159,543
92$12,503,727$1,112,230$184,155$6,681,498
93$13,702,897$1,090,519$114,113$7,255,369
94$15,021,981$1,065,344$39,325$7,886,497
95$16,473,136$1,036,459$0$8,580,769
96$18,069,755$1,003,604$0$9,352,025
97$19,826,594$966,504$0$10,208,175
98$21,759,912$924,869$0$11,150,025
99$23,887,626$878,391$0$12,186,335
100$26,229,476$826,743$0$13,326,766