Can I retire at age 61 with 859,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$70,935$70,304$69,687$69,085$68,498$67,115
2 years$35,117$34,463$33,829$33,214$32,618$31,231
3 years$23,178$22,522$21,889$21,281$20,694$19,346
4 years$17,211$16,556$15,930$15,331$14,759$13,460
5 years$13,631$12,980$12,362$11,776$11,220$9,974
6 years$11,245$10,599$9,991$9,417$8,878$7,686
7 years$9,542$8,901$8,302$7,743$7,220$6,083
8 years$8,265$7,630$7,041$6,495$5,990$4,907
9 years$7,272$6,643$6,064$5,532$5,044$4,015
10 years$6,478$5,856$5,287$4,769$4,298$3,322
11 years$5,829$5,213$4,655$4,150$3,696$2,772
12 years$5,289$4,679$4,131$3,640$3,203$2,328
13 years$4,832$4,228$3,691$3,214$2,793$1,967
14 years$4,441$3,843$3,316$2,853$2,449$1,669
15 years$4,102$3,511$2,994$2,544$2,156$1,422
16 years$3,806$3,221$2,714$2,278$1,905$1,215
17 years$3,545$2,967$2,470$2,047$1,689$1,041
18 years$3,313$2,741$2,255$1,845$1,502$894
19 years$3,106$2,541$2,064$1,667$1,339$769
20 years$2,919$2,361$1,894$1,510$1,196$663
21 years$2,751$2,199$1,742$1,370$1,070$572
22 years$2,598$2,053$1,606$1,246$959$494
23 years$2,459$1,920$1,483$1,135$861$427
24 years$2,332$1,799$1,371$1,035$774$370
25 years$2,215$1,688$1,270$945$696$320
26 years$2,107$1,587$1,178$864$627$278
27 years$2,007$1,493$1,094$791$566$241
28 years$1,915$1,407$1,017$725$510$209
29 years$1,829$1,327$946$665$461$181
30 years$1,749$1,254$881$610$416$157
31 years$1,674$1,185$822$560$376$137
32 years$1,604$1,121$767$515$341$119
33 years$1,538$1,062$716$473$308$103
34 years$1,477$1,006$669$436$279$90
35 years$1,419$955$625$401$253$78
36 years$1,364$906$585$369$229$68
37 years$1,313$860$548$340$208$59
38 years$1,264$818$513$314$188$51
39 years$1,218$778$480$289$171$45
40 years$1,174$740$450$267$155$39
41 years$1,133$704$422$246$140$34
42 years$1,094$671$396$227$127$29
43 years$1,056$639$372$210$116$26
44 years$1,021$609$349$194$105$22
45 years$987$581$328$179$95$19
46 years$954$554$308$165$87$17
47 years$923$529$289$153$79$15
48 years$894$505$272$141$71$13
49 years$866$482$255$130$65$11
50 years$839$461$240$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $859,000, adding $3,777 every year, while hoping to spend $58,620 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: 67/19/14 Blend
60$859,000$859,000$859,000$859,000
61$950,514$904,987$891,672$1,010,871
62$985,095$886,960$859,172$1,033,564
63$1,021,239$866,085$823,619$1,051,108
64$1,059,043$842,161$784,847$1,068,809
65$1,098,612$814,974$742,687$1,086,678
66$1,140,062$784,298$696,958$1,104,728
67$1,183,514$749,896$647,472$1,122,978
68$1,229,105$711,513$594,035$1,141,446
69$1,276,980$668,883$536,441$1,160,159
70$1,327,297$621,723$474,477$1,179,146
71$1,380,228$569,734$407,918$1,198,442
72$1,435,960$512,601$336,533$1,218,090
73$1,494,699$449,989$260,078$1,238,138
74$1,556,665$381,545$178,297$1,258,643
75$1,622,102$306,897$90,927$1,279,672
76$1,691,272$225,651$0$1,301,302
77$1,764,465$137,391$0$1,323,966
78$1,841,995$41,678$0$1,361,938
79$1,924,206$0$0$1,401,782
80$2,011,474$0$0$1,456,631
81$2,104,210$0$0$1,524,203
82$2,202,863$0$0$1,596,116
83$2,307,926$0$0$1,672,732
84$2,419,937$0$0$1,754,448
85$2,539,485$0$0$1,841,698
86$2,667,219$0$0$1,934,960
87$2,803,845$0$0$2,034,754
88$2,950,141$0$0$2,141,654
89$3,106,959$0$0$2,256,288
90$3,275,233$0$0$2,379,343
91$3,455,989$0$0$2,511,578
92$3,650,353$0$0$2,653,821
93$3,859,560$0$0$2,806,983
94$4,084,968$0$0$2,972,066
95$4,328,067$0$0$3,150,169
96$4,590,495$0$0$3,342,499
97$4,874,050$0$0$3,550,384
98$5,180,711$0$0$3,775,282
99$5,512,652$0$0$4,018,797
100$5,872,260$0$0$4,282,691