Can I retire at age 61 with 886,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$73,165$72,513$71,877$71,257$70,651$70,000
2 years$36,220$35,546$34,892$34,258$33,643$32,988
3 years$23,907$23,230$22,577$21,950$21,345$20,705
4 years$17,752$17,076$16,431$15,813$15,223$14,604
5 years$14,059$13,388$12,751$12,146$11,572$10,975
6 years$11,599$10,932$10,305$9,713$9,157$8,582
7 years$9,842$9,181$8,563$7,986$7,447$6,896
8 years$8,524$7,870$7,262$6,699$6,178$5,650
9 years$7,501$6,852$6,255$5,706$5,203$4,698
10 years$6,682$6,040$5,453$4,919$4,433$3,951
11 years$6,013$5,377$4,801$4,281$3,813$3,352
12 years$5,455$4,826$4,261$3,755$3,304$2,866
13 years$4,984$4,361$3,807$3,315$2,881$2,464
14 years$4,580$3,964$3,420$2,943$2,526$2,129
15 years$4,231$3,621$3,088$2,624$2,224$1,848
16 years$3,925$3,323$2,800$2,350$1,965$1,609
17 years$3,656$3,060$2,548$2,111$1,743$1,405
18 years$3,417$2,828$2,326$1,903$1,549$1,230
19 years$3,203$2,621$2,129$1,719$1,381$1,080
20 years$3,011$2,435$1,954$1,557$1,234$949
21 years$2,838$2,268$1,797$1,413$1,104$836
22 years$2,680$2,117$1,656$1,285$989$737
23 years$2,536$1,980$1,529$1,170$888$651
24 years$2,405$1,855$1,414$1,067$798$575
25 years$2,284$1,741$1,310$975$718$509
26 years$2,173$1,636$1,215$891$647$451
27 years$2,070$1,540$1,128$816$583$399
28 years$1,975$1,451$1,049$747$526$354
29 years$1,886$1,369$976$685$475$314
30 years$1,804$1,293$909$629$430$279
31 years$1,726$1,222$848$578$388$248
32 years$1,654$1,156$791$531$351$220
33 years$1,587$1,095$738$488$318$196
34 years$1,523$1,038$690$449$288$174
35 years$1,463$985$645$414$261$155
36 years$1,407$934$603$381$236$138
37 years$1,354$888$565$351$214$122
38 years$1,304$843$529$323$194$109
39 years$1,256$802$496$298$176$97
40 years$1,211$763$464$275$160$86
41 years$1,169$726$435$254$145$77
42 years$1,128$692$409$234$131$68
43 years$1,089$659$383$216$119$61
44 years$1,053$628$360$200$108$54
45 years$1,018$599$338$184$98$48
46 years$984$572$317$170$89$43
47 years$952$545$298$157$81$38
48 years$922$521$280$145$74$34
49 years$893$497$263$134$67$30
50 years$865$475$248$124$61$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $886,000, adding $3,197 every year, while hoping to spend $30,567 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: 57/19/24 Blend
60$886,000$886,000$886,000$886,000
61$979,670$932,712$918,979$1,028,963
62$1,047,073$945,892$917,241$1,076,202
63$1,120,327$958,693$914,422$1,124,145
64$1,199,996$971,064$910,450$1,175,749
65$1,286,701$982,952$905,256$1,231,375
66$1,381,126$994,298$898,764$1,291,423
67$1,484,022$1,005,040$890,894$1,356,333
68$1,596,218$1,015,113$881,564$1,426,591
69$1,718,623$1,024,444$870,687$1,502,734
70$1,852,241$1,032,960$858,174$1,585,354
71$1,998,175$1,040,581$843,928$1,675,106
72$2,157,640$1,047,220$827,851$1,772,710
73$2,331,974$1,052,788$809,838$1,878,962
74$2,522,648$1,057,188$789,780$1,994,743
75$2,731,285$1,060,317$767,564$2,121,022
76$2,959,669$1,062,065$743,071$2,258,868
77$3,209,767$1,062,319$716,176$2,409,464
78$3,483,744$1,060,953$686,749$2,574,111
79$3,783,984$1,057,837$654,653$2,754,249
80$4,113,112$1,052,834$619,746$2,951,463
81$4,474,022$1,045,794$581,879$3,167,504
82$4,869,897$1,036,563$540,897$3,404,304
83$5,304,246$1,024,975$496,637$3,663,992
84$5,780,934$1,010,854$448,929$3,948,919
85$6,304,218$994,014$397,597$4,261,679
86$6,878,786$974,258$342,453$4,605,130
87$7,509,803$951,377$283,307$4,982,429
88$8,202,959$925,151$219,954$5,397,055
89$8,964,523$895,345$152,184$5,852,847
90$9,801,399$861,712$79,777$6,354,037
91$10,721,195$823,990$2,503$6,905,297
92$11,732,292$781,901$0$7,511,775
93$12,843,924$735,151$0$8,199,628
94$14,066,262$683,432$0$8,956,657
95$15,410,515$626,414$0$9,789,195
96$16,889,031$563,752$0$10,704,929
97$18,515,415$495,079$0$11,712,331
98$20,304,657$420,007$0$12,820,739
99$22,273,272$338,127$0$14,040,446
100$24,439,459$249,008$0$15,382,795