Can I retire at age 61 with 878,000?

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 $878,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$72,504$71,859$71,228$70,613$70,013$67,799
2 years$35,893$35,225$34,577$33,949$33,340$31,129
3 years$23,691$23,020$22,374$21,751$21,152$19,014
4 years$17,591$16,922$16,282$15,671$15,086$13,037
5 years$13,932$13,267$12,636$12,037$11,468$9,514
6 years$11,494$10,834$10,212$9,626$9,074$7,217
7 years$9,753$9,098$8,486$7,914$7,380$5,619
8 years$8,447$7,799$7,197$6,639$6,122$4,456
9 years$7,433$6,790$6,198$5,655$5,156$3,583
10 years$6,622$5,985$5,404$4,874$4,393$2,911
11 years$5,958$5,328$4,758$4,242$3,778$2,384
12 years$5,406$4,782$4,222$3,721$3,274$1,965
13 years$4,939$4,322$3,772$3,285$2,855$1,628
14 years$4,539$3,928$3,389$2,916$2,503$1,355
15 years$4,193$3,589$3,060$2,601$2,204$1,131
16 years$3,890$3,293$2,775$2,329$1,948$946
17 years$3,623$3,032$2,525$2,092$1,727$794
18 years$3,386$2,802$2,305$1,886$1,535$667
19 years$3,174$2,597$2,110$1,704$1,369$562
20 years$2,984$2,413$1,936$1,543$1,222$474
21 years$2,812$2,248$1,781$1,400$1,094$400
22 years$2,656$2,098$1,642$1,273$981$338
23 years$2,514$1,962$1,516$1,160$880$285
24 years$2,383$1,839$1,402$1,058$791$241
25 years$2,264$1,725$1,298$966$712$204
26 years$2,153$1,622$1,204$883$641$173
27 years$2,051$1,526$1,118$808$578$147
28 years$1,957$1,438$1,039$741$522$124
29 years$1,869$1,357$967$679$471$105
30 years$1,787$1,281$901$623$426$89
31 years$1,711$1,211$840$572$385$76
32 years$1,639$1,146$784$526$348$64
33 years$1,572$1,085$732$484$315$54
34 years$1,509$1,029$684$445$285$46
35 years$1,450$976$639$410$258$39
36 years$1,394$926$598$377$234$33
37 years$1,342$880$560$348$212$28
38 years$1,292$836$524$321$192$24
39 years$1,245$795$491$296$174$20
40 years$1,200$756$460$273$158$17
41 years$1,158$720$432$251$144$15
42 years$1,118$686$405$232$130$12
43 years$1,080$653$380$214$118$11
44 years$1,043$623$357$198$107$9
45 years$1,009$594$335$183$97$8
46 years$975$566$314$169$88$6
47 years$944$541$295$156$80$5
48 years$914$516$278$144$73$5
49 years$885$493$261$133$66$4
50 years$857$471$245$123$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $878,000, adding $2,837 every year, while hoping to spend $35,669 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: 39/40/21 Blend
60$878,000$878,000$878,000$878,000
61$970,482$923,948$910,339$1,002,164
62$1,031,520$931,270$902,884$1,032,566
63$1,097,588$937,756$893,984$1,061,829
64$1,169,162$943,325$883,552$1,092,745
65$1,246,764$947,896$871,499$1,125,484
66$1,330,970$951,379$857,730$1,160,234
67$1,422,412$953,679$842,146$1,197,206
68$1,521,784$954,696$824,645$1,236,636
69$1,629,852$954,322$805,117$1,278,782
70$1,747,458$952,445$783,450$1,323,935
71$1,875,528$948,944$759,524$1,372,417
72$2,015,081$943,691$733,217$1,424,585
73$2,167,238$936,550$704,398$1,480,836
74$2,333,233$927,378$672,932$1,541,612
75$2,514,425$916,022$638,678$1,607,400
76$2,712,310$902,321$601,487$1,678,745
77$2,928,533$886,102$561,205$1,756,248
78$3,164,908$867,186$517,669$1,840,578
79$3,423,429$845,378$470,712$1,932,474
80$3,706,294$820,477$420,156$2,032,757
81$4,015,922$792,267$365,817$2,142,337
82$4,354,977$760,519$307,503$2,262,222
83$4,726,393$724,992$245,013$2,393,527
84$5,133,400$685,432$178,136$2,537,488
85$5,579,557$641,568$106,653$2,695,475
86$6,068,782$593,115$30,336$2,869,002
87$6,605,391$539,771$0$3,059,746
88$7,194,139$481,218$0$3,281,013
89$7,840,262$417,118$0$3,531,404
90$8,549,527$347,116$0$3,806,443
91$9,328,288$270,834$0$4,108,702
92$10,183,544$187,876$0$4,441,022
93$11,123,006$97,821$0$4,806,541
94$12,155,165$227$0$5,208,721
95$13,289,380$0$0$5,651,388
96$14,535,958$0$0$6,185,145
97$15,906,255$0$0$6,772,114
98$17,412,783$0$0$7,417,571
99$19,069,325$0$0$8,127,438
100$20,891,069$0$0$8,908,240