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%12.5%
1 years$72,835$72,186$71,553$70,935$70,332$69,597
2 years$36,057$35,385$34,734$34,103$33,491$32,752
3 years$23,799$23,125$22,475$21,850$21,248$20,526
4 years$17,671$16,999$16,356$15,742$15,154$14,456
5 years$13,996$13,327$12,693$12,091$11,520$10,847
6 years$11,546$10,883$10,258$9,670$9,116$8,469
7 years$9,797$9,139$8,524$7,950$7,413$6,793
8 years$8,486$7,834$7,229$6,669$6,150$5,556
9 years$7,467$6,821$6,227$5,680$5,179$4,612
10 years$6,652$6,012$5,429$4,897$4,413$3,871
11 years$5,985$5,353$4,779$4,262$3,795$3,279
12 years$5,431$4,804$4,241$3,738$3,289$2,797
13 years$4,961$4,342$3,789$3,300$2,868$2,401
14 years$4,560$3,946$3,405$2,929$2,514$2,071
15 years$4,212$3,605$3,074$2,613$2,214$1,793
16 years$3,908$3,308$2,787$2,339$1,956$1,558
17 years$3,640$3,046$2,536$2,102$1,735$1,358
18 years$3,402$2,815$2,315$1,894$1,542$1,187
19 years$3,189$2,609$2,119$1,711$1,375$1,039
20 years$2,998$2,424$1,945$1,550$1,228$911
21 years$2,825$2,258$1,789$1,407$1,099$801
22 years$2,668$2,108$1,649$1,279$985$705
23 years$2,525$1,971$1,523$1,165$884$621
24 years$2,394$1,847$1,408$1,062$795$547
25 years$2,274$1,733$1,304$970$715$483
26 years$2,163$1,629$1,210$887$644$427
27 years$2,061$1,533$1,123$812$581$377
28 years$1,966$1,445$1,044$744$524$334
29 years$1,878$1,363$972$682$473$296
30 years$1,795$1,287$905$626$428$262
31 years$1,719$1,217$844$575$387$232
32 years$1,647$1,151$787$529$350$205
33 years$1,580$1,090$735$486$316$182
34 years$1,516$1,033$687$447$287$162
35 years$1,457$980$642$412$260$143
36 years$1,401$930$601$379$235$127
37 years$1,348$884$562$349$213$113
38 years$1,298$840$526$322$193$100
39 years$1,251$798$493$297$175$89
40 years$1,206$760$462$274$159$79
41 years$1,163$723$434$253$144$70
42 years$1,123$689$407$233$131$62
43 years$1,085$656$382$215$119$55
44 years$1,048$625$358$199$108$49
45 years$1,013$596$336$184$98$44
46 years$980$569$316$170$89$39
47 years$948$543$297$157$81$34
48 years$918$518$279$145$73$31
49 years$889$495$262$134$67$27
50 years$861$473$246$124$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $882,000, adding $3,190 every year, while hoping to spend $44,469 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: 74/16/10 Blend
60$882,000$882,000$882,000$882,000
61$975,254$928,508$914,837$1,045,405
62$1,027,416$926,691$898,170$1,090,299
63$1,083,407$923,293$879,453$1,133,584
64$1,143,572$918,192$858,573$1,179,766
65$1,208,288$911,256$835,407$1,229,120
66$1,277,970$902,343$809,829$1,281,946
67$1,353,071$891,307$781,707$1,338,578
68$1,434,093$877,989$750,902$1,399,381
69$1,521,584$862,224$717,271$1,464,762
70$1,616,147$843,834$680,661$1,535,166
71$1,718,445$822,633$640,914$1,611,088
72$1,829,207$798,423$597,866$1,693,070
73$1,949,235$770,994$551,343$1,781,715
74$2,079,409$740,125$501,165$1,877,684
75$2,220,698$705,581$447,144$1,981,709
76$2,374,169$667,114$389,082$2,094,598
77$2,540,992$624,461$326,775$2,217,240
78$2,722,459$577,345$260,007$2,350,620
79$2,919,987$525,472$188,555$2,495,821
80$3,135,138$468,532$112,183$2,654,041
81$3,369,629$406,198$30,649$2,826,601
82$3,625,352$338,122$0$3,014,959
83$3,904,387$263,939$0$3,226,736
84$4,209,026$183,263$0$3,461,574
85$4,541,788$95,685$0$3,718,187
86$4,905,451$774$0$3,998,766
87$5,303,070$0$0$4,305,727
88$5,738,010$0$0$4,659,678
89$6,213,976$0$0$5,047,203
90$6,735,047$0$0$5,471,490
91$7,305,715$0$0$5,936,204
92$7,930,928$0$0$6,445,376
93$8,616,134$0$0$7,003,450
94$9,367,332$0$0$7,615,318
95$10,191,132$0$0$8,286,369
96$11,094,812$0$0$9,022,536
97$12,086,389$0$0$9,830,358
98$13,174,694$0$0$10,717,035
99$14,369,454$0$0$11,690,498
100$15,681,384$0$0$12,759,484