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%19.9%
1 years$70,935$70,304$69,687$69,085$68,498$65,780
2 years$35,117$34,463$33,829$33,214$32,618$29,914
3 years$23,178$22,522$21,889$21,281$20,694$18,088
4 years$17,211$16,556$15,930$15,331$14,759$12,272
5 years$13,631$12,980$12,362$11,776$11,220$8,857
6 years$11,245$10,599$9,991$9,417$8,878$6,641
7 years$9,542$8,901$8,302$7,743$7,220$5,109
8 years$8,265$7,630$7,041$6,495$5,990$4,002
9 years$7,272$6,643$6,064$5,532$5,044$3,176
10 years$6,478$5,856$5,287$4,769$4,298$2,547
11 years$5,829$5,213$4,655$4,150$3,696$2,057
12 years$5,289$4,679$4,131$3,640$3,203$1,672
13 years$4,832$4,228$3,691$3,214$2,793$1,366
14 years$4,441$3,843$3,316$2,853$2,449$1,120
15 years$4,102$3,511$2,994$2,544$2,156$921
16 years$3,806$3,221$2,714$2,278$1,905$759
17 years$3,545$2,967$2,470$2,047$1,689$627
18 years$3,313$2,741$2,255$1,845$1,502$519
19 years$3,106$2,541$2,064$1,667$1,339$430
20 years$2,919$2,361$1,894$1,510$1,196$357
21 years$2,751$2,199$1,742$1,370$1,070$296
22 years$2,598$2,053$1,606$1,246$959$246
23 years$2,459$1,920$1,483$1,135$861$205
24 years$2,332$1,799$1,371$1,035$774$170
25 years$2,215$1,688$1,270$945$696$142
26 years$2,107$1,587$1,178$864$627$118
27 years$2,007$1,493$1,094$791$566$98
28 years$1,915$1,407$1,017$725$510$82
29 years$1,829$1,327$946$665$461$68
30 years$1,749$1,254$881$610$416$57
31 years$1,674$1,185$822$560$376$47
32 years$1,604$1,121$767$515$341$39
33 years$1,538$1,062$716$473$308$33
34 years$1,477$1,006$669$436$279$27
35 years$1,419$955$625$401$253$23
36 years$1,364$906$585$369$229$19
37 years$1,313$860$548$340$208$16
38 years$1,264$818$513$314$188$13
39 years$1,218$778$480$289$171$11
40 years$1,174$740$450$267$155$9
41 years$1,133$704$422$246$140$8
42 years$1,094$671$396$227$127$6
43 years$1,056$639$372$210$116$5
44 years$1,021$609$349$194$105$4
45 years$987$581$328$179$95$4
46 years$954$554$308$165$87$3
47 years$923$529$289$153$79$3
48 years$894$505$272$141$71$2
49 years$866$482$255$130$65$2
50 years$839$461$240$120$59$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $859,000, adding $5,754 every year, while hoping to spend $46,377 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: 23/48/29 Blend
60$859,000$859,000$859,000$859,000
61$952,553$907,026$893,712$965,662
62$1,000,369$902,126$874,306$972,632
63$1,051,507$895,431$852,696$975,834
64$1,106,259$886,804$828,759$978,284
65$1,164,941$876,102$802,366$979,952
66$1,227,903$863,168$773,384$980,808
67$1,295,527$847,842$741,670$980,826
68$1,368,234$829,949$707,079$979,980
69$1,446,484$809,307$669,457$978,251
70$1,530,785$785,723$628,643$975,619
71$1,621,693$758,991$584,470$972,074
72$1,719,818$728,894$536,763$967,609
73$1,825,833$695,203$485,337$962,222
74$1,940,474$657,675$430,003$955,922
75$2,064,554$616,052$370,560$948,726
76$2,198,964$570,064$306,799$940,659
77$2,344,684$519,423$238,502$931,761
78$2,502,793$463,826$165,443$922,084
79$2,674,475$402,951$87,383$911,696
80$2,861,036$336,460$4,075$900,683
81$3,063,910$263,994$0$889,150
82$3,284,674$185,176$0$903,475
83$3,525,067$99,605$0$920,616
84$3,786,998$6,860$0$939,582
85$4,072,571$0$0$960,680
86$4,384,100$0$0$1,033,649
87$4,724,133$0$0$1,117,391
88$5,095,475$0$0$1,208,991
89$5,501,212$0$0$1,309,230
90$5,944,743$0$0$1,418,967
91$6,429,810$0$0$1,539,147
92$6,960,533$0$0$1,670,811
93$7,541,448$0$0$1,815,108
94$8,177,552$0$0$1,973,300
95$8,874,345$0$0$2,146,778
96$9,637,885$0$0$2,337,076
97$10,474,845$0$0$2,545,881
98$11,392,572$0$0$2,775,052
99$12,399,160$0$0$3,026,638
100$13,503,523$0$0$3,302,894