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%11.3%
1 years$73,165$72,513$71,877$71,257$70,651$70,265
2 years$36,220$35,546$34,892$34,258$33,643$33,253
3 years$23,907$23,230$22,577$21,950$21,345$20,963
4 years$17,752$17,076$16,431$15,813$15,223$14,853
5 years$14,059$13,388$12,751$12,146$11,572$11,215
6 years$11,599$10,932$10,305$9,713$9,157$8,813
7 years$9,842$9,181$8,563$7,986$7,447$7,116
8 years$8,524$7,870$7,262$6,699$6,178$5,860
9 years$7,501$6,852$6,255$5,706$5,203$4,898
10 years$6,682$6,040$5,453$4,919$4,433$4,142
11 years$6,013$5,377$4,801$4,281$3,813$3,534
12 years$5,455$4,826$4,261$3,755$3,304$3,038
13 years$4,984$4,361$3,807$3,315$2,881$2,627
14 years$4,580$3,964$3,420$2,943$2,526$2,284
15 years$4,231$3,621$3,088$2,624$2,224$1,994
16 years$3,925$3,323$2,800$2,350$1,965$1,747
17 years$3,656$3,060$2,548$2,111$1,743$1,535
18 years$3,417$2,828$2,326$1,903$1,549$1,353
19 years$3,203$2,621$2,129$1,719$1,381$1,195
20 years$3,011$2,435$1,954$1,557$1,234$1,057
21 years$2,838$2,268$1,797$1,413$1,104$937
22 years$2,680$2,117$1,656$1,285$989$832
23 years$2,536$1,980$1,529$1,170$888$740
24 years$2,405$1,855$1,414$1,067$798$658
25 years$2,284$1,741$1,310$975$718$587
26 years$2,173$1,636$1,215$891$647$523
27 years$2,070$1,540$1,128$816$583$467
28 years$1,975$1,451$1,049$747$526$417
29 years$1,886$1,369$976$685$475$373
30 years$1,804$1,293$909$629$430$333
31 years$1,726$1,222$848$578$388$298
32 years$1,654$1,156$791$531$351$267
33 years$1,587$1,095$738$488$318$239
34 years$1,523$1,038$690$449$288$214
35 years$1,463$985$645$414$261$192
36 years$1,407$934$603$381$236$172
37 years$1,354$888$565$351$214$154
38 years$1,304$843$529$323$194$138
39 years$1,256$802$496$298$176$124
40 years$1,211$763$464$275$160$111
41 years$1,169$726$435$254$145$100
42 years$1,128$692$409$234$131$90
43 years$1,089$659$383$216$119$80
44 years$1,053$628$360$200$108$72
45 years$1,018$599$338$184$98$65
46 years$984$572$317$170$89$58
47 years$952$545$298$157$81$52
48 years$922$521$280$145$74$47
49 years$893$497$263$134$67$42
50 years$865$475$248$124$61$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $886,000, adding $2,579 every year, while hoping to spend $47,214 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: 70/9/21 Blend
60$886,000$886,000$886,000$886,000
61$979,032$932,074$918,341$1,042,314
62$1,028,658$927,511$898,870$1,080,321
63$1,081,764$921,141$877,165$1,116,106
64$1,138,653$912,827$853,100$1,154,118
65$1,199,662$902,422$826,545$1,194,574
66$1,265,158$889,770$797,364$1,237,713
67$1,335,542$874,707$765,414$1,283,799
68$1,411,258$857,058$730,545$1,333,126
69$1,492,790$836,638$692,603$1,386,015
70$1,580,673$813,251$651,423$1,442,825
71$1,675,492$786,691$606,836$1,503,952
72$1,777,890$756,737$558,663$1,569,833
73$1,888,575$723,157$506,719$1,640,950
74$2,008,325$685,707$450,809$1,717,839
75$2,137,993$644,125$390,730$1,801,090
76$2,278,518$598,138$326,270$1,891,356
77$2,430,935$547,455$257,208$1,989,359
78$2,596,379$491,768$183,312$2,095,895
79$2,776,098$430,753$104,342$2,211,846
80$2,971,468$364,068$20,045$2,338,186
81$3,184,000$291,350$0$2,475,988
82$3,415,358$212,216$0$2,642,108
83$3,667,372$126,262$0$2,828,002
84$3,942,056$33,061$0$3,030,687
85$4,241,628$0$0$3,251,830
86$4,568,526$0$0$3,499,987
87$4,925,437$0$0$3,774,547
88$5,315,317$0$0$4,074,515
89$5,741,420$0$0$4,402,401
90$6,207,330$0$0$4,760,968
91$6,716,992$0$0$5,153,259
92$7,274,750$0$0$5,582,624
93$7,885,386$0$0$6,052,752
94$8,554,169$0$0$6,567,705
95$9,286,899$0$0$7,131,956
96$10,089,963$0$0$7,750,434
97$10,970,398$0$0$8,428,563
98$11,935,951$0$0$9,172,320
99$12,995,159$0$0$9,988,287
100$14,157,420$0$0$10,883,716