Can I retire at age 61 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$72,174$71,531$70,904$70,292$69,694$67,194
2 years$35,730$35,064$34,419$33,794$33,188$30,696
3 years$23,583$22,915$22,272$21,652$21,056$18,651
4 years$17,511$16,845$16,208$15,599$15,017$12,717
5 years$13,869$13,207$12,578$11,982$11,416$9,227
6 years$11,441$10,784$10,165$9,582$9,033$6,957
7 years$9,708$9,057$8,447$7,878$7,346$5,382
8 years$8,409$7,763$7,164$6,608$6,094$4,241
9 years$7,399$6,759$6,170$5,629$5,132$3,387
10 years$6,591$5,958$5,379$4,852$4,373$2,733
11 years$5,931$5,304$4,736$4,223$3,761$2,222
12 years$5,381$4,761$4,203$3,704$3,259$1,819
13 years$4,916$4,302$3,755$3,270$2,842$1,495
14 years$4,518$3,911$3,374$2,903$2,491$1,235
15 years$4,174$3,572$3,046$2,589$2,194$1,023
16 years$3,872$3,278$2,762$2,318$1,939$849
17 years$3,607$3,019$2,513$2,083$1,719$707
18 years$3,371$2,789$2,294$1,877$1,528$589
19 years$3,160$2,585$2,100$1,696$1,362$492
20 years$2,970$2,402$1,927$1,536$1,217$411
21 years$2,799$2,238$1,773$1,394$1,089$344
22 years$2,644$2,089$1,634$1,268$976$288
23 years$2,502$1,953$1,509$1,154$876$241
24 years$2,372$1,830$1,395$1,053$788$202
25 years$2,253$1,718$1,292$962$709$170
26 years$2,144$1,614$1,199$879$638$143
27 years$2,042$1,519$1,113$805$576$120
28 years$1,948$1,432$1,035$737$519$100
29 years$1,861$1,351$963$676$469$84
30 years$1,779$1,275$897$620$424$71
31 years$1,703$1,206$836$570$383$60
32 years$1,632$1,141$780$524$346$50
33 years$1,565$1,080$728$482$314$42
34 years$1,503$1,024$681$443$284$35
35 years$1,444$971$636$408$257$30
36 years$1,388$922$595$376$233$25
37 years$1,336$876$557$346$211$21
38 years$1,286$832$522$319$191$18
39 years$1,239$791$489$294$174$15
40 years$1,195$753$458$271$157$13
41 years$1,153$717$430$250$143$11
42 years$1,113$682$403$231$130$9
43 years$1,075$650$378$213$118$7
44 years$1,038$620$355$197$107$6
45 years$1,004$591$333$182$97$5
46 years$971$564$313$168$88$4
47 years$940$538$294$155$80$4
48 years$910$514$276$143$73$3
49 years$881$490$260$133$66$3
50 years$853$469$244$123$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $874,000, adding $4,721 every year, while hoping to spend $27,667 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: 58/15/27 Blend
60$874,000$874,000$874,000$874,000
61$968,018$921,696$908,149$1,016,793
62$1,037,318$937,421$909,134$1,066,429
63$1,112,760$952,990$909,225$1,117,194
64$1,194,940$968,365$908,363$1,171,971
65$1,284,516$983,508$906,486$1,231,157
66$1,382,211$998,374$903,527$1,295,191
67$1,488,821$1,012,919$899,420$1,364,554
68$1,605,223$1,027,094$894,093$1,439,779
69$1,732,381$1,040,846$887,470$1,521,453
70$1,871,356$1,054,121$879,473$1,610,225
71$2,023,319$1,066,857$870,019$1,706,809
72$2,189,556$1,078,991$859,024$1,811,995
73$2,371,485$1,090,456$846,395$1,926,652
74$2,570,666$1,101,178$832,039$2,051,741
75$2,788,819$1,111,080$815,857$2,188,319
76$3,027,835$1,120,080$797,745$2,337,556
77$3,289,799$1,128,089$777,594$2,500,738
78$3,577,007$1,135,014$755,293$2,679,288
79$3,891,988$1,140,756$730,720$2,874,773
80$4,237,525$1,145,207$703,754$3,088,921
81$4,616,687$1,148,257$674,264$3,323,639
82$5,032,851$1,149,784$642,114$3,581,030
83$5,489,740$1,149,661$607,163$3,863,413
84$5,991,453$1,147,754$569,263$4,173,347
85$6,542,507$1,143,919$528,258$4,513,651
86$7,147,875$1,138,004$483,988$4,887,437
87$7,813,039$1,129,847$436,282$5,298,136
88$8,544,037$1,119,277$384,965$5,749,529
89$9,347,519$1,106,112$329,852$6,245,789
90$10,230,814$1,090,160$270,750$6,791,516
91$11,201,996$1,071,216$207,459$7,391,781
92$12,269,958$1,049,065$139,767$8,052,178
93$13,444,502$1,023,476$67,457$8,778,872
94$14,736,423$994,209$0$9,578,665
95$16,157,619$961,007$0$10,461,849
96$17,721,197$923,596$0$11,454,813
97$19,441,598$881,691$0$12,547,289
98$21,334,734$834,987$0$13,749,399
99$23,418,138$783,163$0$15,072,296
100$25,711,128$725,877$0$16,528,275