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%19.6%
1 years$73,165$72,513$71,877$71,257$70,651$67,928
2 years$36,220$35,546$34,892$34,258$33,643$30,933
3 years$23,907$23,230$22,577$21,950$21,345$18,731
4 years$17,752$17,076$16,431$15,813$15,223$12,727
5 years$14,059$13,388$12,751$12,146$11,572$9,200
6 years$11,599$10,932$10,305$9,713$9,157$6,910
7 years$9,842$9,181$8,563$7,986$7,447$5,325
8 years$8,524$7,870$7,262$6,699$6,178$4,178
9 years$7,501$6,852$6,255$5,706$5,203$3,323
10 years$6,682$6,040$5,453$4,919$4,433$2,669
11 years$6,013$5,377$4,801$4,281$3,813$2,161
12 years$5,455$4,826$4,261$3,755$3,304$1,760
13 years$4,984$4,361$3,807$3,315$2,881$1,440
14 years$4,580$3,964$3,420$2,943$2,526$1,183
15 years$4,231$3,621$3,088$2,624$2,224$975
16 years$3,925$3,323$2,800$2,350$1,965$806
17 years$3,656$3,060$2,548$2,111$1,743$667
18 years$3,417$2,828$2,326$1,903$1,549$553
19 years$3,203$2,621$2,129$1,719$1,381$459
20 years$3,011$2,435$1,954$1,557$1,234$382
21 years$2,838$2,268$1,797$1,413$1,104$318
22 years$2,680$2,117$1,656$1,285$989$265
23 years$2,536$1,980$1,529$1,170$888$221
24 years$2,405$1,855$1,414$1,067$798$184
25 years$2,284$1,741$1,310$975$718$153
26 years$2,173$1,636$1,215$891$647$128
27 years$2,070$1,540$1,128$816$583$107
28 years$1,975$1,451$1,049$747$526$89
29 years$1,886$1,369$976$685$475$75
30 years$1,804$1,293$909$629$430$62
31 years$1,726$1,222$848$578$388$52
32 years$1,654$1,156$791$531$351$43
33 years$1,587$1,095$738$488$318$36
34 years$1,523$1,038$690$449$288$30
35 years$1,463$985$645$414$261$25
36 years$1,407$934$603$381$236$21
37 years$1,354$888$565$351$214$18
38 years$1,304$843$529$323$194$15
39 years$1,256$802$496$298$176$12
40 years$1,211$763$464$275$160$10
41 years$1,169$726$435$254$145$9
42 years$1,128$692$409$234$131$7
43 years$1,089$659$383$216$119$6
44 years$1,053$628$360$200$108$5
45 years$1,018$599$338$184$98$4
46 years$984$572$317$170$89$4
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$2
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $886,000, adding $3,819 every year, while hoping to spend $55,931 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: 58/19/23 Blend
60$886,000$886,000$886,000$886,000
61$980,311$933,353$919,620$1,030,901
62$1,020,793$919,577$890,917$1,052,040
63$1,063,529$903,252$859,378$1,068,747
64$1,108,691$884,193$824,849$1,085,753
65$1,156,464$862,206$787,169$1,103,101
66$1,207,053$837,083$746,169$1,120,839
67$1,260,680$808,608$701,673$1,139,025
68$1,317,588$776,549$653,498$1,157,724
69$1,378,043$740,660$601,451$1,177,011
70$1,442,335$700,684$545,331$1,196,974
71$1,510,782$656,347$484,928$1,217,711
72$1,583,733$607,359$420,024$1,239,335
73$1,661,569$553,414$350,390$1,261,975
74$1,744,707$494,189$275,786$1,285,776
75$1,833,605$429,343$195,963$1,310,905
76$1,928,766$358,513$110,661$1,337,548
77$2,030,739$281,320$19,607$1,365,916
78$2,140,128$197,358$0$1,396,248
79$2,257,596$106,204$0$1,447,847
80$2,383,870$7,407$0$1,508,352
81$2,519,748$0$0$1,573,361
82$2,666,106$0$0$1,664,139
83$2,823,907$0$0$1,763,742
84$2,994,208$0$0$1,871,294
85$3,178,171$0$0$1,987,537
86$3,377,073$0$0$2,113,287
87$3,592,317$0$0$2,249,439
88$3,825,446$0$0$2,396,976
89$4,078,154$0$0$2,556,983
90$4,352,309$0$0$2,730,648
91$4,649,960$0$0$2,919,283
92$4,973,363$0$0$3,124,326
93$5,325,000$0$0$3,347,364
94$5,707,602$0$0$3,590,138
95$6,124,171$0$0$3,854,568
96$6,578,014$0$0$4,142,764
97$7,072,768$0$0$4,457,049
98$7,612,437$0$0$4,799,981
99$8,201,426$0$0$5,174,374
100$8,844,587$0$0$5,583,325