Can I retire at age 61 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$70,935$70,304$69,687$69,085$68,498$66,815
2 years$35,117$34,463$33,829$33,214$32,618$30,933
3 years$23,178$22,522$21,889$21,281$20,694$19,059
4 years$17,211$16,556$15,930$15,331$14,759$13,188
5 years$13,631$12,980$12,362$11,776$11,220$9,716
6 years$11,245$10,599$9,991$9,417$8,878$7,442
7 years$9,542$8,901$8,302$7,743$7,220$5,854
8 years$8,265$7,630$7,041$6,495$5,990$4,692
9 years$7,272$6,643$6,064$5,532$5,044$3,814
10 years$6,478$5,856$5,287$4,769$4,298$3,134
11 years$5,829$5,213$4,655$4,150$3,696$2,596
12 years$5,289$4,679$4,131$3,640$3,203$2,166
13 years$4,832$4,228$3,691$3,214$2,793$1,816
14 years$4,441$3,843$3,316$2,853$2,449$1,530
15 years$4,102$3,511$2,994$2,544$2,156$1,293
16 years$3,806$3,221$2,714$2,278$1,905$1,097
17 years$3,545$2,967$2,470$2,047$1,689$932
18 years$3,313$2,741$2,255$1,845$1,502$794
19 years$3,106$2,541$2,064$1,667$1,339$678
20 years$2,919$2,361$1,894$1,510$1,196$579
21 years$2,751$2,199$1,742$1,370$1,070$496
22 years$2,598$2,053$1,606$1,246$959$424
23 years$2,459$1,920$1,483$1,135$861$364
24 years$2,332$1,799$1,371$1,035$774$312
25 years$2,215$1,688$1,270$945$696$268
26 years$2,107$1,587$1,178$864$627$230
27 years$2,007$1,493$1,094$791$566$198
28 years$1,915$1,407$1,017$725$510$170
29 years$1,829$1,327$946$665$461$146
30 years$1,749$1,254$881$610$416$126
31 years$1,674$1,185$822$560$376$108
32 years$1,604$1,121$767$515$341$93
33 years$1,538$1,062$716$473$308$80
34 years$1,477$1,006$669$436$279$69
35 years$1,419$955$625$401$253$60
36 years$1,364$906$585$369$229$51
37 years$1,313$860$548$340$208$44
38 years$1,264$818$513$314$188$38
39 years$1,218$778$480$289$171$33
40 years$1,174$740$450$267$155$28
41 years$1,133$704$422$246$140$24
42 years$1,094$671$396$227$127$21
43 years$1,056$639$372$210$116$18
44 years$1,021$609$349$194$105$16
45 years$987$581$328$179$95$13
46 years$954$554$308$165$87$12
47 years$923$529$289$153$79$10
48 years$894$505$272$141$71$9
49 years$866$482$255$130$65$7
50 years$839$461$240$120$59$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $859,000, adding $5,357 every year, while hoping to spend $46,619 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: 63/28/9 Blend
60$859,000$859,000$859,000$859,000
61$952,144$906,617$893,302$1,009,970
62$999,660$901,439$873,626$1,044,072
63$1,050,461$894,444$851,727$1,075,377
64$1,104,831$885,496$827,484$1,108,371
65$1,163,085$874,446$800,766$1,143,218
66$1,225,566$861,140$771,438$1,180,099
67$1,292,651$845,414$739,358$1,219,214
68$1,364,755$827,092$704,380$1,260,785
69$1,442,331$805,990$666,347$1,305,060
70$1,525,878$781,913$625,099$1,352,312
71$1,615,945$754,654$580,467$1,402,846
72$1,713,133$723,994$532,274$1,456,999
73$1,818,103$689,700$480,337$1,515,144
74$1,931,583$651,529$424,461$1,577,698
75$2,054,370$609,220$364,447$1,645,119
76$2,187,344$562,500$300,084$1,717,917
77$2,331,469$511,078$231,152$1,796,657
78$2,487,807$454,649$157,424$1,881,966
79$2,657,524$392,888$78,659$1,974,535
80$2,841,906$325,454$0$2,075,134
81$3,042,364$251,985$0$2,185,130
82$3,260,452$172,099$0$2,313,042
83$3,497,880$85,394$0$2,452,377
84$3,756,529$0$0$2,604,315
85$4,038,469$0$0$2,772,798
86$4,345,977$0$0$2,985,314
87$4,681,563$0$0$3,217,292
88$5,047,986$0$0$3,470,648
89$5,448,284$0$0$3,747,489
90$5,885,803$0$0$4,050,137
91$6,364,225$0$0$4,381,148
92$6,887,605$0$0$4,743,336
93$7,460,409$0$0$5,139,799
94$8,087,552$0$0$5,573,950
95$8,774,448$0$0$6,049,546
96$9,527,060$0$0$6,570,725
97$10,351,953$0$0$7,142,044
98$11,256,359$0$0$7,768,522
99$12,248,242$0$0$8,455,688
100$13,336,375$0$0$9,209,630