Can I retire at age 61 with 882,000?

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 $882,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,835$72,186$71,553$70,935$70,332$69,511
2 years$36,057$35,385$34,734$34,103$33,491$32,665
3 years$23,799$23,125$22,475$21,850$21,248$20,442
4 years$17,671$16,999$16,356$15,742$15,154$14,375
5 years$13,996$13,327$12,693$12,091$11,520$10,769
6 years$11,546$10,883$10,258$9,670$9,116$8,394
7 years$9,797$9,139$8,524$7,950$7,413$6,722
8 years$8,486$7,834$7,229$6,669$6,150$5,489
9 years$7,467$6,821$6,227$5,680$5,179$4,548
10 years$6,652$6,012$5,429$4,897$4,413$3,810
11 years$5,985$5,353$4,779$4,262$3,795$3,222
12 years$5,431$4,804$4,241$3,738$3,289$2,743
13 years$4,961$4,342$3,789$3,300$2,868$2,350
14 years$4,560$3,946$3,405$2,929$2,514$2,023
15 years$4,212$3,605$3,074$2,613$2,214$1,748
16 years$3,908$3,308$2,787$2,339$1,956$1,516
17 years$3,640$3,046$2,536$2,102$1,735$1,318
18 years$3,402$2,815$2,315$1,894$1,542$1,149
19 years$3,189$2,609$2,119$1,711$1,375$1,004
20 years$2,998$2,424$1,945$1,550$1,228$879
21 years$2,825$2,258$1,789$1,407$1,099$771
22 years$2,668$2,108$1,649$1,279$985$677
23 years$2,525$1,971$1,523$1,165$884$595
24 years$2,394$1,847$1,408$1,062$795$523
25 years$2,274$1,733$1,304$970$715$461
26 years$2,163$1,629$1,210$887$644$406
27 years$2,061$1,533$1,123$812$581$358
28 years$1,966$1,445$1,044$744$524$316
29 years$1,878$1,363$972$682$473$279
30 years$1,795$1,287$905$626$428$247
31 years$1,719$1,217$844$575$387$218
32 years$1,647$1,151$787$529$350$193
33 years$1,580$1,090$735$486$316$170
34 years$1,516$1,033$687$447$287$151
35 years$1,457$980$642$412$260$133
36 years$1,401$930$601$379$235$118
37 years$1,348$884$562$349$213$104
38 years$1,298$840$526$322$193$92
39 years$1,251$798$493$297$175$82
40 years$1,206$760$462$274$159$73
41 years$1,163$723$434$253$144$64
42 years$1,123$689$407$233$131$57
43 years$1,085$656$382$215$119$50
44 years$1,048$625$358$199$108$45
45 years$1,013$596$336$184$98$40
46 years$980$569$316$170$89$35
47 years$948$543$297$157$81$31
48 years$918$518$279$145$73$28
49 years$889$495$262$134$67$24
50 years$861$473$246$124$60$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $882,000, adding $3,284 every year, while hoping to spend $52,116 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: 57/35/8 Blend
60$882,000$882,000$882,000$882,000
61$975,351$928,605$914,934$1,028,977
62$1,019,386$918,656$890,134$1,055,522
63$1,066,166$906,473$862,755$1,078,305
64$1,115,915$891,890$832,658$1,101,853
65$1,168,881$874,735$799,694$1,126,244
66$1,225,332$854,822$763,709$1,151,566
67$1,285,563$831,956$724,541$1,177,920
68$1,349,899$805,930$682,021$1,205,420
69$1,418,692$776,524$635,973$1,234,192
70$1,492,333$743,508$586,212$1,264,382
71$1,571,246$706,635$532,545$1,296,150
72$1,655,899$665,646$474,771$1,329,678
73$1,746,805$620,267$412,680$1,365,170
74$1,844,526$570,207$346,052$1,402,857
75$1,949,681$515,160$274,658$1,442,993
76$2,062,947$454,802$198,258$1,485,867
77$2,185,070$388,790$116,603$1,531,800
78$2,316,869$316,762$29,430$1,581,152
79$2,459,242$238,335$0$1,634,325
80$2,613,177$153,107$0$1,697,198
81$2,779,762$60,649$0$1,767,876
82$2,960,189$0$0$1,844,430
83$3,155,772$0$0$1,942,717
84$3,367,954$0$0$2,074,751
85$3,598,323$0$0$2,218,170
86$3,848,625$0$0$2,374,069
87$4,120,781$0$0$2,543,654
88$4,416,904$0$0$2,728,250
89$4,739,319$0$0$2,929,318
90$5,090,586$0$0$3,148,461
91$5,473,519$0$0$3,387,449
92$5,891,217$0$0$3,648,226
93$6,347,092$0$0$3,932,932
94$6,844,898$0$0$4,243,925
95$7,388,767$0$0$4,583,799
96$7,983,251$0$0$4,955,410
97$8,633,358$0$0$5,361,904
98$9,344,604$0$0$5,806,742
99$10,123,062$0$0$6,293,740
100$10,975,420$0$0$6,827,094