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%11.8%
1 years$71,513$70,876$70,255$69,648$69,056$68,535
2 years$35,403$34,743$34,104$33,485$32,884$32,358
3 years$23,367$22,705$22,068$21,454$20,863$20,349
4 years$17,351$16,691$16,060$15,456$14,880$14,382
5 years$13,742$13,086$12,463$11,872$11,311$10,831
6 years$11,337$10,685$10,072$9,494$8,950$8,488
7 years$9,619$8,974$8,370$7,806$7,279$6,835
8 years$8,332$7,692$7,098$6,548$6,039$5,613
9 years$7,331$6,697$6,114$5,577$5,085$4,678
10 years$6,531$5,903$5,330$4,808$4,333$3,943
11 years$5,877$5,255$4,693$4,184$3,726$3,354
12 years$5,332$4,717$4,165$3,670$3,229$2,875
13 years$4,871$4,263$3,721$3,240$2,816$2,478
14 years$4,477$3,875$3,343$2,876$2,468$2,147
15 years$4,135$3,540$3,018$2,565$2,173$1,868
16 years$3,837$3,248$2,737$2,297$1,921$1,631
17 years$3,574$2,991$2,490$2,064$1,703$1,429
18 years$3,340$2,764$2,273$1,860$1,514$1,254
19 years$3,131$2,561$2,081$1,680$1,350$1,104
20 years$2,943$2,380$1,910$1,522$1,206$973
21 years$2,774$2,217$1,757$1,381$1,079$860
22 years$2,620$2,070$1,619$1,256$967$761
23 years$2,479$1,936$1,495$1,144$868$674
24 years$2,351$1,814$1,383$1,043$780$597
25 years$2,233$1,702$1,281$953$702$530
26 years$2,124$1,599$1,188$871$632$471
27 years$2,023$1,505$1,103$797$570$419
28 years$1,930$1,418$1,025$731$515$372
29 years$1,843$1,338$954$670$465$331
30 years$1,763$1,264$889$615$420$295
31 years$1,687$1,195$828$565$380$263
32 years$1,617$1,130$773$519$343$234
33 years$1,551$1,070$722$477$311$209
34 years$1,489$1,015$674$439$281$186
35 years$1,430$962$630$404$255$166
36 years$1,375$913$590$372$231$149
37 years$1,323$867$552$343$209$133
38 years$1,274$824$517$316$190$118
39 years$1,228$784$484$291$172$106
40 years$1,184$746$454$269$156$94
41 years$1,142$710$426$248$142$84
42 years$1,103$676$399$229$128$75
43 years$1,065$644$375$211$117$67
44 years$1,029$614$352$195$106$60
45 years$995$586$330$180$96$54
46 years$962$559$310$166$87$48
47 years$931$533$291$154$79$43
48 years$901$509$274$142$72$38
49 years$873$486$257$131$65$34
50 years$846$464$242$121$59$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $866,000, adding $2,669 every year, while hoping to spend $36,785 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: 25/50/25 Blend
60$866,000$866,000$866,000$866,000
61$957,085$911,187$897,764$973,394
62$1,015,569$916,696$888,700$992,499
63$1,078,785$921,243$878,100$1,009,633
64$1,147,178$924,740$865,873$1,027,224
65$1,221,234$927,097$851,924$1,045,336
66$1,301,492$928,216$836,155$1,064,038
67$1,388,540$927,995$818,462$1,083,414
68$1,483,027$926,323$798,737$1,103,556
69$1,585,667$923,084$776,866$1,124,570
70$1,697,244$918,154$752,730$1,146,577
71$1,818,623$911,403$726,206$1,169,715
72$1,950,752$902,691$697,163$1,194,139
73$2,094,677$891,871$665,466$1,220,023
74$2,251,548$878,787$630,974$1,247,568
75$2,422,631$863,273$593,537$1,276,996
76$2,609,320$845,154$553,001$1,308,559
77$2,813,147$824,243$509,203$1,342,541
78$3,035,802$800,345$461,975$1,379,260
79$3,279,143$773,251$411,140$1,419,073
80$3,545,216$742,740$356,514$1,462,381
81$3,836,273$708,580$297,903$1,509,633
82$4,154,796$670,524$235,105$1,561,330
83$4,503,516$628,310$167,912$1,618,034
84$4,885,441$581,663$96,103$1,680,372
85$5,303,882$530,291$19,449$1,749,045
86$5,762,489$473,886$0$1,824,835
87$6,265,278$412,122$0$1,925,245
88$6,816,675$344,654$0$2,041,233
89$7,421,553$271,120$0$2,168,756
90$8,085,280$191,133$0$2,309,090
91$8,813,769$104,290$0$2,463,651
92$9,613,534$10,160$0$2,634,009
93$10,491,749$0$0$2,821,903
94$11,456,316$0$0$3,079,715
95$12,515,944$0$0$3,369,233
96$13,680,223$0$0$3,687,506
97$14,959,719$0$0$4,037,443
98$16,366,074$0$0$4,422,249
99$17,912,111$0$0$4,845,454
100$19,611,961$0$0$5,310,949