Can I retire at age 61 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$71,018$70,385$69,768$69,166$68,578$67,303
2 years$35,157$34,503$33,868$33,253$32,656$31,377
3 years$23,205$22,548$21,915$21,305$20,718$19,474
4 years$17,231$16,575$15,948$15,349$14,776$13,577
5 years$13,647$12,995$12,377$11,790$11,233$10,081
6 years$11,258$10,611$10,002$9,428$8,888$7,786
7 years$9,553$8,911$8,312$7,752$7,228$6,176
8 years$8,274$7,639$7,049$6,503$5,997$4,994
9 years$7,280$6,651$6,071$5,539$5,050$4,096
10 years$6,486$5,862$5,293$4,774$4,303$3,397
11 years$5,836$5,219$4,660$4,155$3,701$2,841
12 years$5,295$4,684$4,136$3,645$3,207$2,393
13 years$4,838$4,233$3,695$3,218$2,796$2,027
14 years$4,446$3,848$3,320$2,856$2,451$1,725
15 years$4,107$3,515$2,997$2,547$2,158$1,474
16 years$3,810$3,225$2,718$2,281$1,908$1,263
17 years$3,549$2,970$2,473$2,049$1,691$1,085
18 years$3,317$2,745$2,257$1,847$1,504$935
19 years$3,109$2,544$2,067$1,669$1,340$806
20 years$2,923$2,364$1,897$1,511$1,197$697
21 years$2,754$2,202$1,745$1,372$1,071$603
22 years$2,601$2,055$1,608$1,247$960$523
23 years$2,462$1,922$1,485$1,136$862$454
24 years$2,334$1,801$1,373$1,036$775$394
25 years$2,217$1,690$1,272$946$697$342
26 years$2,109$1,588$1,179$865$628$298
27 years$2,009$1,495$1,095$792$566$259
28 years$1,917$1,409$1,018$725$511$225
29 years$1,831$1,329$947$665$461$196
30 years$1,751$1,255$882$611$417$171
31 years$1,676$1,186$823$561$377$149
32 years$1,606$1,123$768$515$341$130
33 years$1,540$1,063$717$474$309$113
34 years$1,479$1,008$670$436$279$99
35 years$1,421$956$626$401$253$86
36 years$1,366$907$586$370$229$75
37 years$1,314$861$548$341$208$66
38 years$1,266$819$513$314$188$57
39 years$1,219$779$481$289$171$50
40 years$1,176$741$451$267$155$44
41 years$1,134$705$423$246$141$38
42 years$1,095$671$397$227$128$33
43 years$1,057$640$372$210$116$29
44 years$1,022$610$349$194$105$25
45 years$988$582$328$179$95$22
46 years$955$555$308$165$87$19
47 years$925$529$289$153$79$17
48 years$895$505$272$141$71$15
49 years$867$483$256$130$65$13
50 years$840$461$240$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $860,000, adding $4,762 every year, while hoping to spend $31,684 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: 60/31/9 Blend
60$860,000$860,000$860,000$860,000
61$952,632$907,052$893,722$1,007,584
62$1,016,089$917,786$889,950$1,055,748
63$1,084,957$927,984$884,990$1,104,223
64$1,159,753$937,587$878,768$1,156,309
65$1,241,049$946,530$871,208$1,212,357
66$1,329,472$954,745$862,230$1,272,752
67$1,425,712$962,162$851,748$1,337,918
68$1,530,529$968,701$839,675$1,408,324
69$1,644,757$974,282$825,919$1,484,489
70$1,769,317$978,817$810,383$1,566,983
71$1,905,222$982,213$792,965$1,656,435
72$2,053,585$984,372$773,559$1,753,541
73$2,215,633$985,189$752,056$1,859,068
74$2,392,716$984,552$728,338$1,973,861
75$2,586,321$982,343$702,286$2,098,853
76$2,798,085$978,436$673,771$2,235,075
77$3,029,809$972,699$642,662$2,383,662
78$3,283,478$964,990$608,820$2,545,867
79$3,561,277$955,159$572,099$2,723,074
80$3,865,613$943,047$532,350$2,916,807
81$4,199,135$928,485$489,413$3,128,750
82$4,564,761$911,296$443,123$3,360,759
83$4,965,708$891,290$393,308$3,614,882
84$5,405,513$868,267$339,788$3,893,379
85$5,888,079$842,015$282,374$4,198,740
86$6,417,698$812,309$220,869$4,533,716
87$6,999,104$778,913$155,068$4,901,338
88$7,637,507$741,574$84,758$5,304,951
89$8,338,649$700,027$9,713$5,748,244
90$9,108,854$653,991$0$6,235,286
91$9,955,089$603,169$0$6,777,321
92$10,885,030$547,246$0$7,373,977
93$11,907,132$485,890$0$8,029,802
94$13,030,711$418,751$0$8,750,842
95$14,266,031$345,457$0$9,543,762
96$15,624,398$265,616$0$10,415,910
97$17,118,270$178,815$0$11,375,390
98$18,761,373$84,616$0$12,431,135
99$20,568,829$0$0$13,592,993
100$22,557,301$0$0$14,877,772