Can I retire at age 61 with 875,000?

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 $875,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$72,257$71,613$70,985$70,372$69,774$67,513
2 years$35,771$35,104$34,459$33,833$33,226$30,969
3 years$23,610$22,941$22,297$21,677$21,080$18,899
4 years$17,531$16,864$16,227$15,617$15,034$12,945
5 years$13,885$13,222$12,593$11,995$11,429$9,437
6 years$11,455$10,797$10,177$9,593$9,043$7,150
7 years$9,719$9,067$8,457$7,887$7,355$5,561
8 years$8,419$7,772$7,172$6,616$6,101$4,405
9 years$7,407$6,767$6,177$5,635$5,138$3,537
10 years$6,599$5,965$5,385$4,858$4,378$2,870
11 years$5,938$5,310$4,741$4,228$3,765$2,348
12 years$5,387$4,766$4,208$3,708$3,263$1,933
13 years$4,922$4,307$3,759$3,274$2,845$1,599
14 years$4,523$3,915$3,378$2,906$2,494$1,329
15 years$4,178$3,576$3,050$2,592$2,196$1,107
16 years$3,877$3,281$2,765$2,321$1,941$926
17 years$3,611$3,022$2,516$2,085$1,721$775
18 years$3,375$2,792$2,297$1,879$1,530$651
19 years$3,164$2,588$2,103$1,698$1,364$547
20 years$2,974$2,405$1,930$1,538$1,218$460
21 years$2,802$2,240$1,775$1,396$1,090$388
22 years$2,647$2,091$1,636$1,269$977$327
23 years$2,505$1,956$1,510$1,156$877$276
24 years$2,375$1,832$1,397$1,054$788$233
25 years$2,256$1,720$1,294$963$709$197
26 years$2,146$1,616$1,200$880$639$167
27 years$2,044$1,521$1,114$806$576$141
28 years$1,950$1,433$1,036$738$520$119
29 years$1,863$1,352$964$677$469$101
30 years$1,781$1,277$898$621$424$85
31 years$1,705$1,207$837$571$383$72
32 years$1,634$1,142$781$524$347$61
33 years$1,567$1,082$729$482$314$52
34 years$1,504$1,025$681$444$284$44
35 years$1,445$972$637$408$257$37
36 years$1,390$923$596$376$233$31
37 years$1,337$877$558$347$211$27
38 years$1,288$833$522$319$192$23
39 years$1,241$792$489$295$174$19
40 years$1,196$754$459$272$158$16
41 years$1,154$717$430$251$143$14
42 years$1,114$683$403$231$130$12
43 years$1,076$651$379$214$118$10
44 years$1,040$620$355$197$107$8
45 years$1,005$592$334$182$97$7
46 years$972$564$313$168$88$6
47 years$941$539$294$155$80$5
48 years$911$514$277$144$73$4
49 years$882$491$260$133$66$4
50 years$854$469$244$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $875,000, adding $4,010 every year, while hoping to spend $47,842 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: 38/43/19 Blend
60$875,000$875,000$875,000$875,000
61$968,386$922,011$908,449$999,527
62$1,016,258$916,286$887,978$1,016,615
63$1,067,410$908,677$865,219$1,030,240
64$1,122,124$899,042$840,043$1,043,972
65$1,180,714$887,228$812,317$1,057,846
66$1,243,520$873,075$781,903$1,071,907
67$1,310,917$856,414$748,654$1,086,206
68$1,383,316$837,063$712,420$1,100,805
69$1,461,168$814,834$673,040$1,115,774
70$1,544,969$789,522$630,349$1,131,198
71$1,635,263$760,916$584,172$1,147,174
72$1,732,647$728,788$534,329$1,163,816
73$1,837,778$692,899$480,630$1,181,252
74$1,951,376$652,996$422,876$1,199,632
75$2,074,235$608,812$360,861$1,219,127
76$2,207,227$560,063$294,369$1,239,931
77$2,351,307$506,449$223,174$1,262,267
78$2,507,531$447,656$147,041$1,286,386
79$2,677,056$383,348$65,724$1,312,576
80$2,861,156$313,172$0$1,341,159
81$3,061,232$236,756$0$1,376,770
82$3,278,825$153,704$0$1,430,051
83$3,515,631$63,601$0$1,488,185
84$3,773,516$0$0$1,551,756
85$4,054,533$0$0$1,637,496
86$4,360,941$0$0$1,763,905
87$4,695,227$0$0$1,901,929
88$5,060,129$0$0$2,052,712
89$5,458,660$0$0$2,217,513
90$5,894,136$0$0$2,397,720
91$6,370,209$0$0$2,594,859
92$6,890,901$0$0$2,810,613
93$7,460,637$0$0$3,046,833
94$8,084,293$0$0$3,305,557
95$8,767,236$0$0$3,589,032
96$9,515,376$0$0$3,899,730
97$10,335,225$0$0$4,240,374
98$11,233,950$0$0$4,613,965
99$12,219,448$0$0$5,023,806
100$13,300,415$0$0$5,473,535