Can I retire at age 61 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$71,101$70,467$69,849$69,246$68,657$67,134
2 years$35,198$34,543$33,907$33,291$32,694$31,167
3 years$23,232$22,574$21,940$21,330$20,742$19,260
4 years$17,251$16,594$15,967$15,367$14,794$13,367
5 years$13,663$13,010$12,391$11,803$11,246$9,878
6 years$11,271$10,624$10,014$9,439$8,898$7,592
7 years$9,564$8,922$8,322$7,761$7,237$5,992
8 years$8,284$7,648$7,057$6,510$6,004$4,819
9 years$7,289$6,659$6,078$5,545$5,056$3,932
10 years$6,493$5,869$5,299$4,780$4,308$3,242
11 years$5,843$5,225$4,665$4,160$3,705$2,697
12 years$5,301$4,690$4,140$3,649$3,211$2,258
13 years$4,843$4,238$3,699$3,221$2,800$1,902
14 years$4,451$3,852$3,324$2,860$2,454$1,608
15 years$4,111$3,519$3,001$2,550$2,161$1,365
16 years$3,815$3,229$2,721$2,284$1,910$1,163
17 years$3,553$2,974$2,476$2,052$1,693$993
18 years$3,321$2,748$2,260$1,849$1,506$849
19 years$3,113$2,547$2,069$1,671$1,342$728
20 years$2,926$2,366$1,899$1,513$1,199$625
21 years$2,758$2,204$1,747$1,373$1,073$537
22 years$2,605$2,058$1,610$1,249$962$462
23 years$2,465$1,924$1,486$1,137$863$398
24 years$2,337$1,803$1,375$1,037$776$343
25 years$2,220$1,692$1,273$947$698$296
26 years$2,112$1,590$1,181$866$629$256
27 years$2,012$1,497$1,096$793$567$221
28 years$1,919$1,410$1,019$726$512$191
29 years$1,833$1,330$949$666$462$165
30 years$1,753$1,256$884$611$417$143
31 years$1,678$1,188$824$561$377$123
32 years$1,608$1,124$769$516$341$107
33 years$1,542$1,064$718$474$309$92
34 years$1,480$1,009$670$437$280$80
35 years$1,422$957$627$402$253$69
36 years$1,367$908$586$370$230$60
37 years$1,316$862$549$341$208$52
38 years$1,267$820$514$314$189$45
39 years$1,221$779$482$290$171$39
40 years$1,177$742$451$267$155$34
41 years$1,136$706$423$247$141$29
42 years$1,096$672$397$228$128$25
43 years$1,059$641$373$210$116$22
44 years$1,023$611$350$194$105$19
45 years$989$582$328$179$96$16
46 years$957$555$308$165$87$14
47 years$926$530$290$153$79$12
48 years$896$506$272$141$72$11
49 years$868$483$256$131$65$9
50 years$841$462$241$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $861,000, adding $5,511 every year, while hoping to spend $55,184 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: 66/28/6 Blend
60$861,000$861,000$861,000$861,000
61$954,507$908,874$895,528$1,016,246
62$993,151$894,693$866,813$1,043,755
63$1,033,887$877,968$835,286$1,066,670
64$1,076,871$858,516$800,796$1,090,239
65$1,122,272$836,143$763,182$1,114,519
66$1,170,273$810,643$722,278$1,139,574
67$1,221,076$781,800$677,910$1,165,475
68$1,274,902$749,385$629,896$1,192,305
69$1,331,990$713,153$578,046$1,220,154
70$1,392,604$672,847$522,160$1,249,126
71$1,457,029$628,197$462,032$1,279,337
72$1,525,581$578,913$397,445$1,310,919
73$1,598,603$524,692$328,172$1,344,017
74$1,676,471$465,214$253,977$1,378,798
75$1,759,599$400,137$174,613$1,415,445
76$1,848,438$329,103$89,823$1,454,168
77$1,943,483$251,734$0$1,495,197
78$2,045,278$167,628$0$1,538,837
79$2,154,418$76,364$0$1,591,474
80$2,271,557$0$0$1,647,697
81$2,397,411$0$0$1,714,824
82$2,532,769$0$0$1,812,363
83$2,678,494$0$0$1,917,414
84$2,835,536$0$0$2,030,666
85$3,004,936$0$0$2,152,877
86$3,187,841$0$0$2,284,878
87$3,385,509$0$0$2,427,584
88$3,599,323$0$0$2,582,000
89$3,830,804$0$0$2,749,231
90$4,081,623$0$0$2,930,491
91$4,353,617$0$0$3,127,117
92$4,648,809$0$0$3,340,576
93$4,969,420$0$0$3,572,484
94$5,317,897$0$0$3,824,619
95$5,696,928$0$0$4,098,935
96$6,109,474$0$0$4,397,585
97$6,558,790$0$0$4,722,934
98$7,048,460$0$0$5,077,588
99$7,582,428$0$0$5,464,413
100$8,165,034$0$0$5,886,565