Can I retire at age 61 with 887,000?

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 $887,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$73,248$72,595$71,959$71,337$70,731$68,770
2 years$36,261$35,586$34,931$34,297$33,681$31,720
3 years$23,934$23,256$22,603$21,974$21,369$19,469
4 years$17,772$17,095$16,449$15,831$15,240$13,417
5 years$14,075$13,403$12,765$12,160$11,585$9,843
6 years$11,612$10,945$10,316$9,724$9,167$7,507
7 years$9,853$9,191$8,573$7,995$7,455$5,878
8 years$8,534$7,879$7,270$6,707$6,185$4,689
9 years$7,509$6,860$6,262$5,713$5,209$3,793
10 years$6,689$6,047$5,459$4,924$4,438$3,101
11 years$6,019$5,383$4,806$4,286$3,817$2,557
12 years$5,461$4,831$4,265$3,759$3,308$2,121
13 years$4,990$4,366$3,811$3,319$2,884$1,769
14 years$4,585$3,969$3,424$2,946$2,528$1,482
15 years$4,236$3,625$3,092$2,627$2,226$1,246
16 years$3,930$3,326$2,803$2,352$1,967$1,051
17 years$3,660$3,063$2,551$2,114$1,745$888
18 years$3,421$2,831$2,328$1,905$1,551$752
19 years$3,207$2,623$2,131$1,721$1,383$638
20 years$3,015$2,438$1,956$1,559$1,235$542
21 years$2,841$2,271$1,799$1,415$1,105$461
22 years$2,683$2,120$1,658$1,286$991$392
23 years$2,539$1,983$1,531$1,172$889$334
24 years$2,408$1,857$1,416$1,068$799$285
25 years$2,287$1,743$1,312$976$719$243
26 years$2,175$1,638$1,216$892$648$207
27 years$2,072$1,542$1,130$817$584$177
28 years$1,977$1,453$1,050$748$527$151
29 years$1,888$1,371$977$686$476$129
30 years$1,806$1,294$910$630$430$111
31 years$1,728$1,224$849$578$389$95
32 years$1,656$1,158$792$532$352$81
33 years$1,588$1,096$739$489$318$69
34 years$1,525$1,039$691$450$288$59
35 years$1,465$986$646$414$261$51
36 years$1,409$936$604$381$236$43
37 years$1,356$889$565$351$214$37
38 years$1,305$844$529$324$194$32
39 years$1,258$803$496$299$176$27
40 years$1,213$764$465$275$160$23
41 years$1,170$727$436$254$145$20
42 years$1,129$693$409$234$132$17
43 years$1,091$660$384$216$119$15
44 years$1,054$629$360$200$108$12
45 years$1,019$600$338$185$98$11
46 years$985$572$318$170$89$9
47 years$954$546$298$158$81$8
48 years$923$521$280$146$74$7
49 years$894$498$264$135$67$6
50 years$866$476$248$124$61$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $887,000, adding $5,489 every year, while hoping to spend $25,255 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: 55/15/30 Blend
60$887,000$887,000$887,000$887,000
61$983,136$936,125$922,376$1,028,745
62$1,056,545$955,124$926,405$1,079,867
63$1,136,595$974,207$929,722$1,132,479
64$1,223,937$993,353$932,277$1,189,286
65$1,319,287$1,012,536$934,017$1,250,702
66$1,423,434$1,031,730$934,886$1,317,183
67$1,537,246$1,050,906$934,826$1,389,234
68$1,661,678$1,070,034$933,776$1,467,409
69$1,797,782$1,089,079$931,671$1,552,321
70$1,946,718$1,108,006$928,444$1,644,646
71$2,109,760$1,126,775$924,024$1,745,128
72$2,288,314$1,145,345$918,337$1,854,591
73$2,483,926$1,163,671$911,305$1,973,939
74$2,698,300$1,181,704$902,847$2,104,174
75$2,933,312$1,199,393$892,878$2,246,397
76$3,191,028$1,216,681$881,307$2,401,825
77$3,473,724$1,233,510$868,043$2,571,799
78$3,783,908$1,249,816$852,986$2,757,798
79$4,124,340$1,265,531$836,035$2,961,453
80$4,498,063$1,280,582$817,082$3,184,563
81$4,908,425$1,294,890$796,014$3,429,112
82$5,359,119$1,308,375$772,715$3,697,288
83$5,854,210$1,320,946$747,062$3,991,502
84$6,398,177$1,332,509$718,926$4,314,415
85$6,995,953$1,342,964$688,172$4,668,961
86$7,652,975$1,352,205$654,661$5,058,373
87$8,375,232$1,360,116$618,245$5,486,218
88$9,169,321$1,366,577$578,772$5,956,428
89$10,042,511$1,371,459$536,080$6,473,340
90$11,002,811$1,374,624$490,003$7,041,733
91$12,059,045$1,375,928$440,365$7,666,879
92$13,220,934$1,375,214$386,983$8,354,590
93$14,499,189$1,372,320$329,667$9,111,272
94$15,905,612$1,367,069$268,217$9,943,989
95$17,453,207$1,359,278$202,425$10,860,529
96$19,156,302$1,348,750$132,073$11,869,479
97$21,030,682$1,335,276$56,935$12,980,302
98$23,093,742$1,318,636$0$14,203,435
99$25,364,650$1,298,595$0$15,557,824
100$27,864,524$1,274,906$0$17,068,639