Can I retire at age 61 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$71,183$70,549$69,930$69,327$68,737$66,644
2 years$35,239$34,583$33,947$33,330$32,732$30,641
3 years$23,259$22,600$21,966$21,355$20,766$18,743
4 years$17,271$16,614$15,986$15,385$14,811$12,871
5 years$13,678$13,025$12,405$11,817$11,259$9,408
6 years$11,284$10,636$10,025$9,450$8,909$7,148
7 years$9,575$8,932$8,331$7,770$7,245$5,574
8 years$8,294$7,657$7,065$6,518$6,011$4,429
9 years$7,297$6,666$6,086$5,552$5,062$3,567
10 years$6,501$5,876$5,305$4,786$4,313$2,904
11 years$5,850$5,231$4,671$4,165$3,709$2,383
12 years$5,307$4,695$4,145$3,653$3,214$1,968
13 years$4,849$4,243$3,704$3,225$2,803$1,634
14 years$4,456$3,857$3,328$2,863$2,457$1,362
15 years$4,116$3,523$3,004$2,553$2,163$1,139
16 years$3,819$3,233$2,724$2,286$1,912$956
17 years$3,557$2,977$2,479$2,054$1,695$804
18 years$3,324$2,751$2,263$1,851$1,507$677
19 years$3,117$2,550$2,071$1,673$1,344$571
20 years$2,930$2,369$1,901$1,515$1,200$483
21 years$2,761$2,207$1,749$1,375$1,074$408
22 years$2,608$2,060$1,612$1,250$963$346
23 years$2,468$1,927$1,488$1,138$864$293
24 years$2,340$1,805$1,376$1,038$777$248
25 years$2,222$1,694$1,275$948$699$211
26 years$2,114$1,592$1,182$867$630$179
27 years$2,014$1,498$1,098$794$568$152
28 years$1,921$1,412$1,020$727$512$129
29 years$1,835$1,332$950$667$462$110
30 years$1,755$1,258$885$612$418$93
31 years$1,680$1,189$825$562$378$79
32 years$1,609$1,125$769$517$342$67
33 years$1,544$1,066$718$475$309$57
34 years$1,482$1,010$671$437$280$49
35 years$1,424$958$628$402$254$41
36 years$1,369$909$587$371$230$35
37 years$1,317$863$549$341$208$30
38 years$1,269$821$515$315$189$25
39 years$1,222$780$482$290$171$22
40 years$1,178$742$452$268$155$18
41 years$1,137$707$424$247$141$16
42 years$1,097$673$397$228$128$13
43 years$1,060$641$373$210$116$11
44 years$1,024$611$350$194$105$10
45 years$990$583$329$179$96$8
46 years$958$556$309$166$87$7
47 years$927$531$290$153$79$6
48 years$897$507$273$141$72$5
49 years$869$484$256$131$65$4
50 years$842$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $862,000, adding $4,015 every year, while hoping to spend $58,032 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: 41/29/30 Blend
60$862,000$862,000$862,000$862,000
61$954,065$908,379$895,018$984,631
62$989,635$891,144$863,256$989,964
63$1,026,887$871,120$828,484$990,052
64$1,065,932$848,108$790,542$989,061
65$1,106,891$821,899$749,259$986,931
66$1,149,893$792,271$704,458$983,598
67$1,195,079$758,990$655,955$978,996
68$1,242,603$721,806$603,555$973,061
69$1,292,632$680,458$547,057$965,724
70$1,345,347$634,667$486,250$956,918
71$1,400,947$584,139$420,913$946,575
72$1,459,646$528,565$350,817$934,626
73$1,521,680$467,615$275,720$921,004
74$1,587,306$400,943$195,371$905,642
75$1,656,804$328,182$109,509$888,473
76$1,730,480$248,945$17,859$869,433
77$1,808,668$162,822$0$848,460
78$1,891,735$69,383$0$851,088
79$1,980,079$0$0$859,434
80$2,074,140$0$0$877,985
81$2,174,395$0$0$921,419
82$2,281,371$0$0$967,831
83$2,395,641$0$0$1,017,478
84$2,517,837$0$0$1,070,643
85$2,648,648$0$0$1,127,637
86$2,788,833$0$0$1,188,799
87$2,939,222$0$0$1,254,504
88$3,100,728$0$0$1,325,160
89$3,274,351$0$0$1,401,219
90$3,461,190$0$0$1,483,173
91$3,662,452$0$0$1,571,566
92$3,879,461$0$0$1,666,995
93$4,113,674$0$0$1,770,113
94$4,366,689$0$0$1,881,642
95$4,640,264$0$0$2,002,372
96$4,936,332$0$0$2,133,175
97$5,257,016$0$0$2,275,005
98$5,604,650$0$0$2,428,917
99$5,981,803$0$0$2,596,065
100$6,391,298$0$0$2,777,724