Can I retire at age 61 with 866,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.9%
1 years$71,513$70,876$70,255$69,648$69,056$66,316
2 years$35,403$34,743$34,104$33,485$32,884$30,157
3 years$23,367$22,705$22,068$21,454$20,863$18,236
4 years$17,351$16,691$16,060$15,456$14,880$12,372
5 years$13,742$13,086$12,463$11,872$11,311$8,929
6 years$11,337$10,685$10,072$9,494$8,950$6,695
7 years$9,619$8,974$8,370$7,806$7,279$5,150
8 years$8,332$7,692$7,098$6,548$6,039$4,034
9 years$7,331$6,697$6,114$5,577$5,085$3,202
10 years$6,531$5,903$5,330$4,808$4,333$2,567
11 years$5,877$5,255$4,693$4,184$3,726$2,074
12 years$5,332$4,717$4,165$3,670$3,229$1,686
13 years$4,871$4,263$3,721$3,240$2,816$1,377
14 years$4,477$3,875$3,343$2,876$2,468$1,129
15 years$4,135$3,540$3,018$2,565$2,173$928
16 years$3,837$3,248$2,737$2,297$1,921$765
17 years$3,574$2,991$2,490$2,064$1,703$632
18 years$3,340$2,764$2,273$1,860$1,514$523
19 years$3,131$2,561$2,081$1,680$1,350$433
20 years$2,943$2,380$1,910$1,522$1,206$360
21 years$2,774$2,217$1,757$1,381$1,079$299
22 years$2,620$2,070$1,619$1,256$967$248
23 years$2,479$1,936$1,495$1,144$868$206
24 years$2,351$1,814$1,383$1,043$780$172
25 years$2,233$1,702$1,281$953$702$143
26 years$2,124$1,599$1,188$871$632$119
27 years$2,023$1,505$1,103$797$570$99
28 years$1,930$1,418$1,025$731$515$82
29 years$1,843$1,338$954$670$465$69
30 years$1,763$1,264$889$615$420$57
31 years$1,687$1,195$828$565$380$48
32 years$1,617$1,130$773$519$343$40
33 years$1,551$1,070$722$477$311$33
34 years$1,489$1,015$674$439$281$28
35 years$1,430$962$630$404$255$23
36 years$1,375$913$590$372$231$19
37 years$1,323$867$552$343$209$16
38 years$1,274$824$517$316$190$13
39 years$1,228$784$484$291$172$11
40 years$1,184$746$454$269$156$9
41 years$1,142$710$426$248$142$8
42 years$1,103$676$399$229$128$6
43 years$1,065$644$375$211$117$5
44 years$1,029$614$352$195$106$4
45 years$995$586$330$180$96$4
46 years$962$559$310$166$87$3
47 years$931$533$291$154$79$3
48 years$901$509$274$142$72$2
49 years$873$486$257$131$65$2
50 years$846$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 $866,000, adding $2,045 every year, while hoping to spend $34,870 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: 72/8/20 Blend
60$866,000$866,000$866,000$866,000
61$956,441$910,543$897,120$1,020,549
62$1,016,897$918,059$890,073$1,070,987
63$1,082,350$924,773$881,620$1,121,835
64$1,153,275$930,612$871,679$1,176,645
65$1,230,189$935,493$860,161$1,235,806
66$1,313,667$939,330$846,974$1,299,745
67$1,404,336$942,032$832,023$1,368,933
68$1,502,889$943,502$815,206$1,443,891
69$1,610,086$943,637$796,419$1,525,192
70$1,726,766$942,326$775,549$1,613,468
71$1,853,849$939,452$752,483$1,709,418
72$1,992,349$934,894$727,099$1,813,810
73$2,143,383$928,518$699,271$1,927,493
74$2,308,179$920,185$668,867$2,051,403
75$2,488,088$909,749$635,749$2,186,571
76$2,684,599$897,053$599,772$2,334,136
77$2,899,349$881,930$560,786$2,495,352
78$3,134,143$864,205$518,633$2,671,603
79$3,390,967$843,692$473,148$2,864,415
80$3,672,007$820,194$424,160$3,075,472
81$3,979,670$793,502$371,488$3,306,629
82$4,316,608$763,395$314,944$3,559,932
83$4,685,741$729,640$254,334$3,837,638
84$5,090,283$691,990$189,451$4,142,236
85$5,533,777$650,182$120,082$4,476,469
86$6,020,122$603,941$46,005$4,843,363
87$6,553,614$552,973$0$5,246,253
88$7,138,985$496,971$0$5,695,871
89$7,781,446$435,607$0$6,200,154
90$8,486,738$368,536$0$6,753,801
91$9,261,184$295,394$0$7,361,799
92$10,111,751$215,795$0$8,029,640
93$11,046,113$129,332$0$8,763,381
94$12,072,723$35,576$0$9,569,692
95$13,200,895$0$0$10,455,923
96$14,440,887$0$0$11,435,979
97$15,804,004$0$0$12,516,838
98$17,302,699$0$0$13,705,247
99$18,950,691$0$0$15,012,093
100$20,763,096$0$0$16,449,367