Can I retire at age 61 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$71,348$70,713$70,093$69,488$68,897$68,577
2 years$35,321$34,663$34,026$33,407$32,808$32,486
3 years$23,313$22,653$22,017$21,404$20,815$20,500
4 years$17,311$16,652$16,023$15,421$14,845$14,539
5 years$13,710$13,055$12,434$11,845$11,285$10,990
6 years$11,311$10,661$10,049$9,472$8,930$8,645
7 years$9,597$8,953$8,350$7,788$7,262$6,988
8 years$8,313$7,674$7,082$6,533$6,025$5,762
9 years$7,314$6,682$6,100$5,565$5,074$4,821
10 years$6,516$5,890$5,318$4,797$4,323$4,081
11 years$5,863$5,243$4,682$4,175$3,718$3,487
12 years$5,320$4,706$4,155$3,662$3,222$3,001
13 years$4,860$4,253$3,712$3,233$2,810$2,599
14 years$4,467$3,866$3,335$2,870$2,463$2,262
15 years$4,126$3,531$3,011$2,559$2,168$1,977
16 years$3,828$3,240$2,730$2,291$1,916$1,735
17 years$3,565$2,984$2,484$2,059$1,699$1,527
18 years$3,332$2,757$2,268$1,855$1,511$1,347
19 years$3,124$2,555$2,076$1,677$1,347$1,191
20 years$2,936$2,375$1,905$1,518$1,203$1,056
21 years$2,767$2,212$1,753$1,378$1,076$937
22 years$2,614$2,065$1,615$1,253$965$834
23 years$2,474$1,931$1,491$1,141$866$742
24 years$2,345$1,809$1,379$1,041$779$662
25 years$2,228$1,698$1,278$951$701$590
26 years$2,119$1,596$1,185$869$631$527
27 years$2,019$1,502$1,100$795$569$471
28 years$1,926$1,415$1,023$729$513$422
29 years$1,839$1,335$952$668$464$377
30 years$1,759$1,261$887$613$419$338
31 years$1,684$1,192$827$563$379$303
32 years$1,613$1,128$771$518$343$272
33 years$1,547$1,068$720$476$310$244
34 years$1,485$1,012$673$438$281$219
35 years$1,427$960$629$403$254$196
36 years$1,372$911$588$371$230$176
37 years$1,320$865$551$342$209$158
38 years$1,271$823$516$315$189$142
39 years$1,225$782$483$291$172$128
40 years$1,181$744$453$268$156$115
41 years$1,140$708$425$247$141$103
42 years$1,100$675$398$228$128$93
43 years$1,062$643$374$211$116$83
44 years$1,027$613$351$195$106$75
45 years$992$584$329$180$96$67
46 years$960$557$309$166$87$61
47 years$929$532$291$153$79$54
48 years$899$508$273$142$72$49
49 years$871$485$257$131$65$44
50 years$844$463$241$121$59$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $864,000, adding $4,039 every year, while hoping to spend $41,220 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: 54/39/7 Blend
60$864,000$864,000$864,000$864,000
61$956,294$910,502$897,110$1,006,150
62$1,009,978$911,259$883,306$1,041,083
63$1,067,757$910,671$867,657$1,074,199
64$1,130,004$908,630$850,059$1,109,241
65$1,197,130$905,019$830,402$1,146,400
66$1,269,587$899,714$808,570$1,185,884
67$1,347,870$892,586$784,443$1,227,927
68$1,432,525$883,495$757,894$1,272,787
69$1,524,151$872,294$728,791$1,320,751
70$1,623,406$858,828$696,998$1,372,138
71$1,731,015$842,932$662,368$1,427,301
72$1,847,773$824,430$624,752$1,486,630
73$1,974,557$803,139$583,993$1,550,562
74$2,112,330$778,860$539,924$1,619,575
75$2,262,150$751,388$492,375$1,694,205
76$2,425,186$720,501$441,165$1,775,042
77$2,602,718$685,969$386,107$1,862,740
78$2,796,158$647,545$327,005$1,958,025
79$3,007,060$604,968$263,654$2,061,701
80$3,237,134$557,965$195,840$2,174,657
81$3,488,261$506,245$123,340$2,297,878
82$3,762,512$449,499$45,920$2,432,454
83$4,062,168$387,405$0$2,579,592
84$4,389,739$319,618$0$2,743,368
85$4,747,989$245,776$0$2,926,358
86$5,139,961$165,496$0$3,126,781
87$5,569,007$78,374$0$3,346,467
88$6,038,815$0$0$3,587,437
89$6,553,449$0$0$3,858,798
90$7,117,384$0$0$4,193,092
91$7,735,549$0$0$4,559,617
92$8,413,370$0$0$4,961,599
93$9,156,826$0$0$5,402,597
94$9,972,501$0$0$5,886,526
95$10,867,648$0$0$6,417,701
96$11,850,256$0$0$7,000,874
97$12,929,124$0$0$7,641,281
98$14,113,946$0$0$8,344,688
99$15,415,400$0$0$9,117,449
100$16,845,250$0$0$9,966,562