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%14.7%
1 years$70,935$70,304$69,687$69,085$68,498$67,170
2 years$35,117$34,463$33,829$33,214$32,618$31,285
3 years$23,178$22,522$21,889$21,281$20,694$19,399
4 years$17,211$16,556$15,930$15,331$14,759$13,511
5 years$13,631$12,980$12,362$11,776$11,220$10,022
6 years$11,245$10,599$9,991$9,417$8,878$7,732
7 years$9,542$8,901$8,302$7,743$7,220$6,126
8 years$8,265$7,630$7,041$6,495$5,990$4,947
9 years$7,272$6,643$6,064$5,532$5,044$4,053
10 years$6,478$5,856$5,287$4,769$4,298$3,357
11 years$5,829$5,213$4,655$4,150$3,696$2,805
12 years$5,289$4,679$4,131$3,640$3,203$2,359
13 years$4,832$4,228$3,691$3,214$2,793$1,996
14 years$4,441$3,843$3,316$2,853$2,449$1,696
15 years$4,102$3,511$2,994$2,544$2,156$1,447
16 years$3,806$3,221$2,714$2,278$1,905$1,238
17 years$3,545$2,967$2,470$2,047$1,689$1,062
18 years$3,313$2,741$2,255$1,845$1,502$914
19 years$3,106$2,541$2,064$1,667$1,339$787
20 years$2,919$2,361$1,894$1,510$1,196$679
21 years$2,751$2,199$1,742$1,370$1,070$587
22 years$2,598$2,053$1,606$1,246$959$508
23 years$2,459$1,920$1,483$1,135$861$440
24 years$2,332$1,799$1,371$1,035$774$381
25 years$2,215$1,688$1,270$945$696$331
26 years$2,107$1,587$1,178$864$627$287
27 years$2,007$1,493$1,094$791$566$250
28 years$1,915$1,407$1,017$725$510$217
29 years$1,829$1,327$946$665$461$189
30 years$1,749$1,254$881$610$416$164
31 years$1,674$1,185$822$560$376$143
32 years$1,604$1,121$767$515$341$124
33 years$1,538$1,062$716$473$308$108
34 years$1,477$1,006$669$436$279$94
35 years$1,419$955$625$401$253$82
36 years$1,364$906$585$369$229$71
37 years$1,313$860$548$340$208$62
38 years$1,264$818$513$314$188$54
39 years$1,218$778$480$289$171$47
40 years$1,174$740$450$267$155$41
41 years$1,133$704$422$246$140$36
42 years$1,094$671$396$227$127$31
43 years$1,056$639$372$210$116$27
44 years$1,021$609$349$194$105$24
45 years$987$581$328$179$95$21
46 years$954$554$308$165$87$18
47 years$923$529$289$153$79$16
48 years$894$505$272$141$71$14
49 years$866$482$255$130$65$12
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 $5,598 every year, while hoping to spend $44,536 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: 58/22/20 Blend
60$859,000$859,000$859,000$859,000
61$952,392$906,865$893,551$1,002,272
62$1,002,150$903,916$876,099$1,033,861
63$1,055,491$899,329$856,570$1,062,974
64$1,112,733$892,978$834,846$1,093,723
65$1,174,225$884,727$810,807$1,126,275
66$1,240,352$874,434$784,325$1,160,816
67$1,311,533$861,947$755,265$1,197,554
68$1,388,232$847,105$723,489$1,236,717
69$1,470,956$829,738$688,850$1,278,561
70$1,560,263$809,665$651,197$1,323,369
71$1,656,767$786,695$610,369$1,371,457
72$1,761,141$760,627$566,200$1,423,174
73$1,874,126$731,246$518,516$1,478,909
74$1,996,535$698,326$467,135$1,539,091
75$2,129,265$661,627$411,867$1,604,199
76$2,273,299$620,896$352,514$1,674,763
77$2,429,721$575,865$288,868$1,751,370
78$2,599,721$526,250$220,713$1,834,672
79$2,784,609$471,753$147,823$1,925,390
80$2,985,826$412,056$69,963$2,024,323
81$3,204,959$346,826$0$2,132,358
82$3,443,753$275,709$0$2,253,278
83$3,704,129$198,331$0$2,401,481
84$3,988,200$114,299$0$2,563,283
85$4,298,293$23,196$0$2,740,073
86$4,636,969$0$0$2,933,387
87$5,007,048$0$0$3,163,177
88$5,411,634$0$0$3,420,603
89$5,854,145$0$0$3,702,232
90$6,338,343$0$0$4,010,468
91$6,868,372$0$0$4,347,958
92$7,448,795$0$0$4,717,617
93$8,084,637$0$0$5,122,656
94$8,781,431$0$0$5,566,610
95$9,545,270$0$0$6,053,372
96$10,382,867$0$0$6,587,232
97$11,301,615$0$0$7,172,913
98$12,309,655$0$0$7,815,617
99$13,415,957$0$0$8,521,075
100$14,630,398$0$0$9,295,601