Can I retire at age 61 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$71,513$70,876$70,255$69,648$69,056$68,650
2 years$35,403$34,743$34,104$33,485$32,884$32,474
3 years$23,367$22,705$22,068$21,454$20,863$20,462
4 years$17,351$16,691$16,060$15,456$14,880$14,491
5 years$13,742$13,086$12,463$11,872$11,311$10,936
6 years$11,337$10,685$10,072$9,494$8,950$8,589
7 years$9,619$8,974$8,370$7,806$7,279$6,931
8 years$8,332$7,692$7,098$6,548$6,039$5,705
9 years$7,331$6,697$6,114$5,577$5,085$4,766
10 years$6,531$5,903$5,330$4,808$4,333$4,027
11 years$5,877$5,255$4,693$4,184$3,726$3,434
12 years$5,332$4,717$4,165$3,670$3,229$2,950
13 years$4,871$4,263$3,721$3,240$2,816$2,550
14 years$4,477$3,875$3,343$2,876$2,468$2,215
15 years$4,135$3,540$3,018$2,565$2,173$1,932
16 years$3,837$3,248$2,737$2,297$1,921$1,692
17 years$3,574$2,991$2,490$2,064$1,703$1,486
18 years$3,340$2,764$2,273$1,860$1,514$1,308
19 years$3,131$2,561$2,081$1,680$1,350$1,155
20 years$2,943$2,380$1,910$1,522$1,206$1,021
21 years$2,774$2,217$1,757$1,381$1,079$905
22 years$2,620$2,070$1,619$1,256$967$803
23 years$2,479$1,936$1,495$1,144$868$713
24 years$2,351$1,814$1,383$1,043$780$634
25 years$2,233$1,702$1,281$953$702$564
26 years$2,124$1,599$1,188$871$632$503
27 years$2,023$1,505$1,103$797$570$449
28 years$1,930$1,418$1,025$731$515$400
29 years$1,843$1,338$954$670$465$357
30 years$1,763$1,264$889$615$420$319
31 years$1,687$1,195$828$565$380$286
32 years$1,617$1,130$773$519$343$255
33 years$1,551$1,070$722$477$311$228
34 years$1,489$1,015$674$439$281$204
35 years$1,430$962$630$404$255$183
36 years$1,375$913$590$372$231$164
37 years$1,323$867$552$343$209$147
38 years$1,274$824$517$316$190$132
39 years$1,228$784$484$291$172$118
40 years$1,184$746$454$269$156$106
41 years$1,142$710$426$248$142$95
42 years$1,103$676$399$229$128$85
43 years$1,065$644$375$211$117$76
44 years$1,029$614$352$195$106$68
45 years$995$586$330$180$96$61
46 years$962$559$310$166$87$55
47 years$931$533$291$154$79$49
48 years$901$509$274$142$72$44
49 years$873$486$257$131$65$40
50 years$846$464$242$121$59$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $866,000, adding $2,259 every year, while hoping to spend $22,061 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: 26/44/30 Blend
60$866,000$866,000$866,000$866,000
61$956,662$910,764$897,341$972,560
62$1,030,769$931,919$903,929$1,007,100
63$1,111,695$953,371$909,999$1,042,113
64$1,200,113$975,111$915,509$1,079,234
65$1,296,763$997,130$920,417$1,118,657
66$1,402,460$1,019,416$924,678$1,160,596
67$1,518,101$1,041,958$928,245$1,205,288
68$1,644,674$1,064,740$931,067$1,252,995
69$1,783,267$1,087,748$933,094$1,304,004
70$1,935,077$1,110,965$934,270$1,358,635
71$2,101,425$1,134,372$934,538$1,417,238
72$2,283,762$1,157,949$933,837$1,480,203
73$2,483,690$1,181,672$932,104$1,547,958
74$2,702,970$1,205,518$929,274$1,620,975
75$2,943,544$1,229,460$925,276$1,699,777
76$3,207,551$1,253,468$920,037$1,784,942
77$3,497,344$1,277,511$913,481$1,877,105
78$3,815,519$1,301,555$905,529$1,976,968
79$4,164,933$1,325,562$896,095$2,085,309
80$4,548,735$1,349,493$885,093$2,202,983
81$4,970,392$1,373,305$872,430$2,330,936
82$5,433,726$1,396,951$858,010$2,470,211
83$5,942,945$1,420,380$841,733$2,621,959
84$6,502,686$1,443,539$823,491$2,787,452
85$7,118,057$1,466,370$803,176$2,968,093
86$7,794,688$1,488,811$780,671$3,165,429
87$8,538,779$1,510,796$755,856$3,381,170
88$9,357,161$1,532,251$728,604$3,617,199
89$10,257,362$1,553,103$698,783$3,875,599
90$11,247,676$1,573,267$666,255$4,158,665
91$12,337,239$1,592,658$630,875$4,468,930
92$13,536,121$1,611,181$592,492$4,809,188
93$14,855,413$1,628,737$550,949$5,182,524
94$16,307,340$1,645,220$506,080$5,592,338
95$17,905,368$1,660,515$457,714$6,042,385
96$19,664,338$1,674,503$405,669$6,536,804
97$21,600,600$1,687,053$349,759$7,080,163
98$23,732,172$1,698,029$289,786$7,677,500
99$26,078,905$1,707,285$225,546$8,334,371
100$28,662,676$1,714,664$156,825$9,056,908