Can I retire at age 61 with 884,000?

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 $884,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$73,000$72,350$71,715$71,096$70,491$68,955
2 years$36,139$35,466$34,813$34,181$33,567$32,028
3 years$23,853$23,177$22,526$21,900$21,296$19,801
4 years$17,712$17,038$16,393$15,778$15,189$13,749
5 years$14,028$13,358$12,722$12,119$11,546$10,167
6 years$11,572$10,908$10,281$9,691$9,136$7,818
7 years$9,819$9,160$8,544$7,968$7,430$6,173
8 years$8,505$7,852$7,246$6,684$6,164$4,968
9 years$7,484$6,837$6,241$5,693$5,191$4,056
10 years$6,667$6,026$5,441$4,908$4,423$3,347
11 years$5,999$5,365$4,790$4,271$3,804$2,785
12 years$5,443$4,815$4,251$3,746$3,296$2,334
13 years$4,973$4,351$3,798$3,308$2,875$1,967
14 years$4,570$3,955$3,413$2,936$2,520$1,664
15 years$4,221$3,613$3,081$2,618$2,219$1,414
16 years$3,916$3,315$2,793$2,345$1,961$1,205
17 years$3,648$3,053$2,542$2,107$1,739$1,029
18 years$3,409$2,821$2,320$1,898$1,546$881
19 years$3,196$2,615$2,124$1,715$1,378$756
20 years$3,004$2,430$1,950$1,554$1,231$650
21 years$2,831$2,263$1,793$1,410$1,101$559
22 years$2,674$2,113$1,653$1,282$987$481
23 years$2,531$1,976$1,526$1,168$886$415
24 years$2,400$1,851$1,411$1,065$797$358
25 years$2,279$1,737$1,307$973$717$309
26 years$2,168$1,633$1,212$889$646$267
27 years$2,065$1,537$1,126$814$582$231
28 years$1,970$1,448$1,047$746$525$200
29 years$1,882$1,366$974$684$474$173
30 years$1,799$1,290$907$628$429$149
31 years$1,723$1,219$846$576$387$129
32 years$1,651$1,154$789$530$350$112
33 years$1,583$1,093$737$487$317$97
34 years$1,520$1,036$688$448$287$84
35 years$1,460$982$644$413$260$73
36 years$1,404$932$602$380$236$63
37 years$1,351$886$563$350$214$55
38 years$1,301$842$528$323$194$47
39 years$1,253$800$494$298$176$41
40 years$1,209$761$463$274$159$36
41 years$1,166$725$435$253$144$31
42 years$1,125$690$408$234$131$27
43 years$1,087$658$382$216$119$23
44 years$1,050$627$359$199$108$20
45 years$1,015$598$337$184$98$17
46 years$982$570$317$170$89$15
47 years$950$544$297$157$81$13
48 years$920$520$280$145$73$11
49 years$891$496$263$134$67$10
50 years$863$474$247$124$61$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $884,000, adding $4,323 every year, while hoping to spend $39,284 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: 69/25/6 Blend
60$884,000$884,000$884,000$884,000
61$978,627$931,775$918,073$1,045,039
62$1,036,649$935,634$907,031$1,093,400
63$1,099,273$938,366$894,302$1,141,057
64$1,166,926$939,873$879,788$1,192,109
65$1,240,079$940,053$863,388$1,246,882
66$1,319,249$938,798$844,993$1,305,733
67$1,405,003$935,990$824,491$1,369,057
68$1,497,967$931,507$801,765$1,437,290
69$1,598,827$925,218$776,691$1,510,913
70$1,708,339$916,985$749,142$1,590,455
71$1,827,334$906,662$718,983$1,676,501
72$1,956,726$894,092$686,072$1,769,698
73$2,097,520$879,111$650,264$1,870,758
74$2,250,824$861,544$611,405$1,980,467
75$2,417,854$841,205$569,333$2,099,693
76$2,599,950$817,900$523,881$2,229,392
77$2,798,589$791,420$474,874$2,370,621
78$3,015,391$761,547$422,129$2,524,546
79$3,252,145$728,047$365,454$2,692,452
80$3,510,817$690,674$304,651$2,875,759
81$3,793,573$649,170$239,509$3,076,031
82$4,102,796$603,258$169,811$3,294,997
83$4,441,112$552,648$95,331$3,534,562
84$4,811,411$497,033$15,830$3,796,829
85$5,216,876$436,088$0$4,084,117
86$5,661,011$369,470$0$4,403,404
87$6,147,676$296,816$0$4,754,464
88$6,681,122$217,743$0$5,139,413
89$7,266,030$131,847$0$5,561,706
90$7,907,558$38,700$0$6,025,152
91$8,611,383$0$0$6,533,950
92$9,383,763$0$0$7,109,830
93$10,231,586$0$0$7,753,698
94$11,162,444$0$0$8,460,679
95$12,184,698$0$0$9,237,129
96$13,307,557$0$0$10,090,051
97$14,541,169$0$0$11,027,159
98$15,896,711$0$0$12,056,951
99$17,386,496$0$0$13,188,791
100$19,024,092$0$0$14,432,992