Can I retire at age 61 with 865,000?

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 $865,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$71,431$70,795$70,174$69,568$68,976$68,228
2 years$35,362$34,703$34,065$33,446$32,846$32,092
3 years$23,340$22,679$22,042$21,429$20,839$20,103
4 years$17,331$16,671$16,041$15,439$14,862$14,151
5 years$13,726$13,071$12,449$11,858$11,298$10,612
6 years$11,324$10,673$10,060$9,483$8,940$8,281
7 years$9,608$8,963$8,360$7,797$7,270$6,639
8 years$8,322$7,683$7,090$6,540$6,032$5,427
9 years$7,323$6,690$6,107$5,571$5,079$4,502
10 years$6,524$5,897$5,324$4,802$4,328$3,777
11 years$5,870$5,249$4,687$4,179$3,722$3,197
12 years$5,326$4,712$4,160$3,666$3,226$2,726
13 years$4,866$4,258$3,716$3,236$2,813$2,338
14 years$4,472$3,870$3,339$2,873$2,466$2,015
15 years$4,131$3,536$3,015$2,562$2,171$1,744
16 years$3,832$3,244$2,733$2,294$1,919$1,514
17 years$3,569$2,987$2,487$2,061$1,701$1,319
18 years$3,336$2,761$2,271$1,858$1,513$1,151
19 years$3,127$2,558$2,079$1,679$1,348$1,007
20 years$2,940$2,377$1,908$1,520$1,204$883
21 years$2,770$2,214$1,755$1,380$1,078$775
22 years$2,617$2,067$1,617$1,254$966$682
23 years$2,476$1,933$1,493$1,142$867$600
24 years$2,348$1,811$1,381$1,042$779$529
25 years$2,230$1,700$1,279$952$701$466
26 years$2,121$1,598$1,186$870$632$412
27 years$2,021$1,504$1,102$796$570$364
28 years$1,928$1,417$1,024$730$514$322
29 years$1,841$1,337$953$669$464$284
30 years$1,761$1,262$888$614$419$252
31 years$1,686$1,193$828$564$379$223
32 years$1,615$1,129$772$518$343$197
33 years$1,549$1,069$721$477$310$175
34 years$1,487$1,013$674$439$281$155
35 years$1,429$961$630$404$255$137
36 years$1,374$912$589$372$231$122
37 years$1,322$866$551$343$209$108
38 years$1,273$823$516$316$189$96
39 years$1,227$783$484$291$172$85
40 years$1,183$745$453$269$156$75
41 years$1,141$709$425$248$141$67
42 years$1,101$675$399$229$128$59
43 years$1,064$644$374$211$116$53
44 years$1,028$613$351$195$106$47
45 years$994$585$330$180$96$41
46 years$961$558$310$166$87$37
47 years$930$533$291$154$79$33
48 years$900$508$274$142$72$29
49 years$872$485$257$131$65$26
50 years$845$464$242$121$59$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $865,000, adding $4,530 every year, while hoping to spend $56,501 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: 66/6/28 Blend
60$865,000$865,000$865,000$865,000
61$957,903$912,058$898,650$1,013,786
62$995,492$896,632$868,638$1,036,630
63$1,035,022$878,557$835,727$1,054,870
64$1,076,631$857,642$799,761$1,073,564
65$1,120,469$833,688$760,574$1,092,761
66$1,166,700$806,482$717,997$1,112,518
67$1,215,502$775,799$671,849$1,132,898
68$1,267,072$741,401$621,944$1,153,975
69$1,321,620$703,037$568,086$1,175,831
70$1,379,380$660,440$510,071$1,198,559
71$1,440,604$613,329$447,686$1,222,263
72$1,505,569$561,406$380,708$1,247,063
73$1,574,579$504,357$308,903$1,273,092
74$1,647,964$441,849$232,029$1,300,498
75$1,726,087$373,530$149,833$1,329,451
76$1,809,345$299,029$62,049$1,360,140
77$1,898,171$217,955$0$1,392,775
78$1,993,042$129,893$0$1,437,045
79$2,094,480$34,405$0$1,504,160
80$2,203,056$0$0$1,575,951
81$2,319,398$0$0$1,657,394
82$2,444,193$0$0$1,747,229
83$2,578,195$0$0$1,843,731
84$2,722,234$0$0$1,947,503
85$2,877,218$0$0$2,059,205
86$3,044,146$0$0$2,179,561
87$3,224,114$0$0$2,309,369
88$3,418,328$0$0$2,449,503
89$3,628,109$0$0$2,600,924
90$3,854,914$0$0$2,764,691
91$4,100,339$0$0$2,941,963
92$4,366,144$0$0$3,134,019
93$4,654,258$0$0$3,342,261
94$4,966,808$0$0$3,568,234
95$5,306,129$0$0$3,813,636
96$5,674,791$0$0$4,080,334
97$6,075,620$0$0$4,370,383
98$6,511,727$0$0$4,686,044
99$6,986,534$0$0$5,029,803
100$7,503,805$0$0$5,404,398