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%19.8%
1 years$71,431$70,795$70,174$69,568$68,976$66,266
2 years$35,362$34,703$34,065$33,446$32,846$30,148
3 years$23,340$22,679$22,042$21,429$20,839$18,239
4 years$17,331$16,671$16,041$15,439$14,862$12,380
5 years$13,726$13,071$12,449$11,858$11,298$8,940
6 years$11,324$10,673$10,060$9,483$8,940$6,707
7 years$9,608$8,963$8,360$7,797$7,270$5,162
8 years$8,322$7,683$7,090$6,540$6,032$4,046
9 years$7,323$6,690$6,107$5,571$5,079$3,214
10 years$6,524$5,897$5,324$4,802$4,328$2,578
11 years$5,870$5,249$4,687$4,179$3,722$2,084
12 years$5,326$4,712$4,160$3,666$3,226$1,695
13 years$4,866$4,258$3,716$3,236$2,813$1,386
14 years$4,472$3,870$3,339$2,873$2,466$1,137
15 years$4,131$3,536$3,015$2,562$2,171$935
16 years$3,832$3,244$2,733$2,294$1,919$772
17 years$3,569$2,987$2,487$2,061$1,701$638
18 years$3,336$2,761$2,271$1,858$1,513$528
19 years$3,127$2,558$2,079$1,679$1,348$438
20 years$2,940$2,377$1,908$1,520$1,204$364
21 years$2,770$2,214$1,755$1,380$1,078$302
22 years$2,617$2,067$1,617$1,254$966$251
23 years$2,476$1,933$1,493$1,142$867$209
24 years$2,348$1,811$1,381$1,042$779$174
25 years$2,230$1,700$1,279$952$701$145
26 years$2,121$1,598$1,186$870$632$121
27 years$2,021$1,504$1,102$796$570$101
28 years$1,928$1,417$1,024$730$514$84
29 years$1,841$1,337$953$669$464$70
30 years$1,761$1,262$888$614$419$58
31 years$1,686$1,193$828$564$379$49
32 years$1,615$1,129$772$518$343$41
33 years$1,549$1,069$721$477$310$34
34 years$1,487$1,013$674$439$281$28
35 years$1,429$961$630$404$255$24
36 years$1,374$912$589$372$231$20
37 years$1,322$866$551$343$209$16
38 years$1,273$823$516$316$189$14
39 years$1,227$783$484$291$172$11
40 years$1,183$745$453$269$156$10
41 years$1,141$709$425$248$141$8
42 years$1,101$675$399$229$128$7
43 years$1,064$644$374$211$116$6
44 years$1,028$613$351$195$106$5
45 years$994$585$330$180$96$4
46 years$961$558$310$166$87$3
47 years$930$533$291$154$79$3
48 years$900$508$274$142$72$2
49 years$872$485$257$131$65$2
50 years$845$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $865,000, adding $4,419 every year, while hoping to spend $21,132 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: 47/43/10 Blend
60$865,000$865,000$865,000$865,000
61$957,788$911,943$898,536$999,961
62$1,032,998$934,144$906,152$1,051,673
63$1,115,172$956,725$913,316$1,105,211
64$1,204,996$979,681$919,989$1,162,832
65$1,303,229$1,003,009$926,132$1,224,923
66$1,410,704$1,026,702$931,703$1,291,908
67$1,528,340$1,050,755$936,660$1,364,256
68$1,657,148$1,075,159$940,955$1,442,483
69$1,798,241$1,099,906$944,541$1,527,155
70$1,952,846$1,124,985$947,367$1,618,900
71$2,122,313$1,150,386$949,380$1,718,404
72$2,308,129$1,176,095$950,524$1,826,428
73$2,511,932$1,202,098$950,741$1,943,808
74$2,735,527$1,228,378$949,969$2,071,463
75$2,980,901$1,254,920$948,144$2,210,410
76$3,250,244$1,281,701$945,197$2,361,766
77$3,545,966$1,308,702$941,058$2,526,763
78$3,870,724$1,335,897$935,653$2,706,758
79$4,227,443$1,363,262$928,903$2,903,247
80$4,619,349$1,390,768$920,728$3,117,880
81$5,049,991$1,418,384$911,040$3,352,472
82$5,523,281$1,446,077$899,752$3,609,025
83$6,043,531$1,473,809$886,768$3,889,745
84$6,615,487$1,501,542$871,991$4,197,065
85$7,244,381$1,529,232$855,318$4,533,663
86$7,935,978$1,556,834$836,640$4,902,493
87$8,696,626$1,584,298$815,846$5,306,810
88$9,533,323$1,611,569$792,818$5,750,201
89$10,453,776$1,638,590$767,432$6,236,621
90$11,466,480$1,665,300$739,559$6,770,426
91$12,580,791$1,691,630$709,065$7,356,419
92$13,807,021$1,717,509$675,808$7,999,895
93$15,156,531$1,742,860$639,641$8,706,687
94$16,641,838$1,767,601$600,410$9,483,227
95$18,276,736$1,791,644$557,954$10,336,601
96$20,076,422$1,814,894$512,105$11,274,623
97$22,057,643$1,837,250$462,687$12,305,900
98$24,238,852$1,858,605$409,516$13,439,925
99$26,640,381$1,878,843$352,401$14,687,155
100$29,284,635$1,897,841$291,141$16,059,120