Can I retire at age 61 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$71,926$71,286$70,661$70,051$69,455$68,360
2 years$35,607$34,944$34,301$33,678$33,074$31,974
3 years$23,502$22,836$22,195$21,578$20,983$19,912
4 years$17,451$16,787$16,152$15,546$14,965$13,932
5 years$13,821$13,161$12,535$11,941$11,377$10,383
6 years$11,402$10,747$10,130$9,549$9,002$8,049
7 years$9,675$9,025$8,418$7,851$7,321$6,410
8 years$8,380$7,736$7,139$6,586$6,073$5,204
9 years$7,374$6,736$6,149$5,610$5,115$4,286
10 years$6,569$5,937$5,361$4,836$4,358$3,570
11 years$5,911$5,286$4,720$4,208$3,748$2,999
12 years$5,363$4,744$4,189$3,691$3,248$2,538
13 years$4,900$4,287$3,742$3,259$2,832$2,160
14 years$4,503$3,897$3,362$2,893$2,483$1,846
15 years$4,159$3,560$3,036$2,580$2,186$1,585
16 years$3,859$3,266$2,752$2,310$1,932$1,365
17 years$3,594$3,008$2,505$2,076$1,713$1,179
18 years$3,359$2,780$2,286$1,870$1,523$1,020
19 years$3,149$2,576$2,093$1,690$1,358$885
20 years$2,960$2,394$1,921$1,531$1,213$769
21 years$2,790$2,230$1,767$1,389$1,085$669
22 years$2,635$2,081$1,628$1,263$973$583
23 years$2,494$1,947$1,504$1,150$873$508
24 years$2,364$1,824$1,391$1,049$785$444
25 years$2,246$1,712$1,288$958$706$388
26 years$2,136$1,609$1,194$876$636$339
27 years$2,035$1,514$1,109$802$574$297
28 years$1,941$1,427$1,031$735$518$260
29 years$1,854$1,346$960$674$467$227
30 years$1,773$1,271$894$618$422$199
31 years$1,697$1,202$833$568$382$175
32 years$1,626$1,137$777$522$345$153
33 years$1,560$1,077$726$480$313$134
34 years$1,497$1,020$678$442$283$118
35 years$1,439$968$634$407$256$103
36 years$1,383$919$593$374$232$91
37 years$1,331$873$555$345$210$80
38 years$1,282$829$520$318$191$70
39 years$1,235$788$487$293$173$61
40 years$1,191$750$457$270$157$54
41 years$1,149$714$428$249$142$47
42 years$1,109$680$402$230$129$42
43 years$1,071$648$377$213$117$36
44 years$1,035$618$354$196$106$32
45 years$1,000$589$332$181$97$28
46 years$968$562$312$167$88$25
47 years$936$536$293$155$80$22
48 years$906$512$275$143$72$19
49 years$878$489$259$132$66$17
50 years$850$467$243$122$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $871,000, adding $5,105 every year, while hoping to spend $31,207 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: 65/7/28 Blend
60$871,000$871,000$871,000$871,000
61$965,108$918,945$905,444$1,020,386
62$1,030,345$930,769$902,573$1,070,196
63$1,101,190$942,127$898,559$1,120,697
64$1,178,183$952,962$893,332$1,175,215
65$1,261,916$963,216$886,817$1,234,149
66$1,353,041$972,824$878,936$1,297,938
67$1,452,278$981,718$869,606$1,367,068
68$1,560,415$989,828$858,743$1,442,076
69$1,678,323$997,074$846,256$1,523,551
70$1,806,957$1,003,377$832,051$1,612,147
71$1,947,372$1,008,647$816,030$1,708,583
72$2,100,727$1,012,793$798,090$1,813,653
73$2,268,297$1,015,716$778,122$1,928,233
74$2,451,488$1,017,312$756,014$2,053,289
75$2,651,848$1,017,467$731,648$2,189,887
76$2,871,078$1,016,066$704,900$2,339,202
77$3,111,056$1,012,980$675,642$2,502,533
78$3,373,846$1,008,079$643,738$2,681,308
79$3,661,722$1,001,219$609,048$2,877,108
80$3,977,190$992,250$571,423$3,091,671
81$4,323,007$981,015$530,710$3,326,918
82$4,702,213$967,343$486,748$3,584,967
83$5,118,153$951,057$439,367$3,868,151
84$5,574,512$931,967$388,394$4,179,048
85$6,075,351$909,872$333,644$4,520,496
86$6,625,141$884,560$274,925$4,895,629
87$7,228,807$855,805$212,037$5,307,899
88$7,891,777$823,371$144,772$5,761,117
89$8,620,027$787,005$72,910$6,259,482
90$9,420,142$746,440$0$6,807,626
91$10,299,376$701,395$0$7,411,784
92$11,265,721$651,573$0$8,099,778
93$12,327,981$596,656$0$8,856,085
94$13,495,856$536,313$0$9,687,628
95$14,780,033$470,192$0$10,602,035
96$16,192,285$397,920$0$11,607,712
97$17,745,584$319,105$0$12,713,922
98$19,454,224$233,330$0$13,930,870
99$21,333,949$140,159$0$15,269,805
100$23,402,112$39,126$0$16,743,118