Can I retire at age 61 with 886,000?

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 $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$73,165$72,513$71,877$71,257$70,651$69,196
2 years$36,220$35,546$34,892$34,258$33,643$32,184
3 years$23,907$23,230$22,577$21,950$21,345$19,927
4 years$17,752$17,076$16,431$15,813$15,223$13,858
5 years$14,059$13,388$12,751$12,146$11,572$10,263
6 years$11,599$10,932$10,305$9,713$9,157$7,905
7 years$9,842$9,181$8,563$7,986$7,447$6,253
8 years$8,524$7,870$7,262$6,699$6,178$5,041
9 years$7,501$6,852$6,255$5,706$5,203$4,122
10 years$6,682$6,040$5,453$4,919$4,433$3,408
11 years$6,013$5,377$4,801$4,281$3,813$2,842
12 years$5,455$4,826$4,261$3,755$3,304$2,386
13 years$4,984$4,361$3,807$3,315$2,881$2,014
14 years$4,580$3,964$3,420$2,943$2,526$1,708
15 years$4,231$3,621$3,088$2,624$2,224$1,454
16 years$3,925$3,323$2,800$2,350$1,965$1,242
17 years$3,656$3,060$2,548$2,111$1,743$1,063
18 years$3,417$2,828$2,326$1,903$1,549$912
19 years$3,203$2,621$2,129$1,719$1,381$784
20 years$3,011$2,435$1,954$1,557$1,234$675
21 years$2,838$2,268$1,797$1,413$1,104$582
22 years$2,680$2,117$1,656$1,285$989$503
23 years$2,536$1,980$1,529$1,170$888$434
24 years$2,405$1,855$1,414$1,067$798$376
25 years$2,284$1,741$1,310$975$718$325
26 years$2,173$1,636$1,215$891$647$282
27 years$2,070$1,540$1,128$816$583$244
28 years$1,975$1,451$1,049$747$526$212
29 years$1,886$1,369$976$685$475$183
30 years$1,804$1,293$909$629$430$159
31 years$1,726$1,222$848$578$388$138
32 years$1,654$1,156$791$531$351$120
33 years$1,587$1,095$738$488$318$104
34 years$1,523$1,038$690$449$288$90
35 years$1,463$985$645$414$261$79
36 years$1,407$934$603$381$236$68
37 years$1,354$888$565$351$214$59
38 years$1,304$843$529$323$194$51
39 years$1,256$802$496$298$176$45
40 years$1,211$763$464$275$160$39
41 years$1,169$726$435$254$145$34
42 years$1,128$692$409$234$131$29
43 years$1,089$659$383$216$119$26
44 years$1,053$628$360$200$108$22
45 years$1,018$599$338$184$98$19
46 years$984$572$317$170$89$17
47 years$952$545$298$157$81$15
48 years$922$521$280$145$74$13
49 years$893$497$263$134$67$11
50 years$865$475$248$124$61$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $886,000, adding $2,528 every year, while hoping to spend $57,837 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: 37/47/16 Blend
60$886,000$886,000$886,000$886,000
61$978,980$932,022$918,289$1,010,360
62$1,017,297$916,153$887,513$1,017,312
63$1,057,585$897,567$853,768$1,019,124
64$1,099,983$876,072$816,893$1,019,848
65$1,144,642$851,461$776,721$1,019,417
66$1,191,730$823,517$733,075$1,017,763
67$1,241,426$792,009$685,772$1,014,814
68$1,293,927$756,693$634,622$1,010,501
69$1,349,449$717,312$579,422$1,004,750
70$1,408,225$673,592$519,966$997,488
71$1,470,512$625,247$456,033$988,641
72$1,536,590$571,969$387,395$978,136
73$1,606,764$513,438$313,815$965,899
74$1,681,370$449,312$235,044$951,858
75$1,760,773$379,232$150,821$935,940
76$1,845,374$302,816$60,876$918,079
77$1,935,612$219,664$0$898,208
78$2,031,968$129,351$0$882,259
79$2,134,968$31,428$0$875,661
80$2,245,189$0$0$868,013
81$2,363,266$0$0$897,897
82$2,489,892$0$0$947,458
83$2,625,829$0$0$1,000,750
84$2,771,914$0$0$1,058,113
85$2,929,065$0$0$1,119,918
86$3,098,289$0$0$1,186,575
87$3,280,693$0$0$1,258,531
88$3,477,494$0$0$1,336,282
89$3,690,026$0$0$1,420,369
90$3,919,759$0$0$1,511,387
91$4,168,305$0$0$1,609,994
92$4,437,437$0$0$1,716,907
93$4,729,106$0$0$1,832,921
94$5,045,455$0$0$1,958,907
95$5,388,842$0$0$2,095,822
96$5,761,860$0$0$2,244,722
97$6,167,362$0$0$2,406,766
98$6,608,485$0$0$2,583,230
99$7,088,683$0$0$2,775,519
100$7,611,754$0$0$2,985,180