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%13.6%
1 years$71,513$70,876$70,255$69,648$69,056$68,024
2 years$35,403$34,743$34,104$33,485$32,884$31,846
3 years$23,367$22,705$22,068$21,454$20,863$19,852
4 years$17,351$16,691$16,060$15,456$14,880$13,904
5 years$13,742$13,086$12,463$11,872$11,311$10,373
6 years$11,337$10,685$10,072$9,494$8,950$8,050
7 years$9,619$8,974$8,370$7,806$7,279$6,418
8 years$8,332$7,692$7,098$6,548$6,039$5,216
9 years$7,331$6,697$6,114$5,577$5,085$4,302
10 years$6,531$5,903$5,330$4,808$4,333$3,587
11 years$5,877$5,255$4,693$4,184$3,726$3,017
12 years$5,332$4,717$4,165$3,670$3,229$2,556
13 years$4,871$4,263$3,721$3,240$2,816$2,178
14 years$4,477$3,875$3,343$2,876$2,468$1,865
15 years$4,135$3,540$3,018$2,565$2,173$1,603
16 years$3,837$3,248$2,737$2,297$1,921$1,382
17 years$3,574$2,991$2,490$2,064$1,703$1,196
18 years$3,340$2,764$2,273$1,860$1,514$1,036
19 years$3,131$2,561$2,081$1,680$1,350$900
20 years$2,943$2,380$1,910$1,522$1,206$783
21 years$2,774$2,217$1,757$1,381$1,079$683
22 years$2,620$2,070$1,619$1,256$967$596
23 years$2,479$1,936$1,495$1,144$868$520
24 years$2,351$1,814$1,383$1,043$780$455
25 years$2,233$1,702$1,281$953$702$398
26 years$2,124$1,599$1,188$871$632$349
27 years$2,023$1,505$1,103$797$570$306
28 years$1,930$1,418$1,025$731$515$268
29 years$1,843$1,338$954$670$465$235
30 years$1,763$1,264$889$615$420$206
31 years$1,687$1,195$828$565$380$181
32 years$1,617$1,130$773$519$343$159
33 years$1,551$1,070$722$477$311$140
34 years$1,489$1,015$674$439$281$123
35 years$1,430$962$630$404$255$108
36 years$1,375$913$590$372$231$95
37 years$1,323$867$552$343$209$83
38 years$1,274$824$517$316$190$73
39 years$1,228$784$484$291$172$64
40 years$1,184$746$454$269$156$57
41 years$1,142$710$426$248$142$50
42 years$1,103$676$399$229$128$44
43 years$1,065$644$375$211$117$39
44 years$1,029$614$352$195$106$34
45 years$995$586$330$180$96$30
46 years$962$559$310$166$87$26
47 years$931$533$291$154$79$23
48 years$901$509$274$142$72$20
49 years$873$486$257$131$65$18
50 years$846$464$242$121$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $866,000, adding $5,436 every year, while hoping to spend $30,895 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: 71/5/24 Blend
60$866,000$866,000$866,000$866,000
61$959,939$914,041$900,618$1,021,942
62$1,024,981$925,957$897,917$1,075,977
63$1,095,622$937,422$894,090$1,130,985
64$1,172,399$948,380$889,066$1,190,475
65$1,255,907$958,773$882,772$1,254,888
66$1,346,795$968,539$875,132$1,324,713
67$1,445,783$977,611$866,062$1,400,486
68$1,553,657$985,919$855,480$1,482,800
69$1,671,288$993,387$843,297$1,572,310
70$1,799,630$999,934$829,418$1,669,735
71$1,939,737$1,005,475$813,748$1,775,871
72$2,092,765$1,009,918$796,183$1,891,593
73$2,259,990$1,013,167$776,619$2,017,868
74$2,442,816$1,015,119$754,942$2,155,761
75$2,642,787$1,015,664$731,037$2,306,446
76$2,861,606$1,014,687$704,781$2,471,220
77$3,101,146$1,012,062$676,048$2,651,508
78$3,363,471$1,007,661$644,703$2,848,887
79$3,650,851$1,001,343$610,607$3,065,092
80$3,965,790$992,961$573,614$3,302,037
81$4,311,044$982,359$533,573$3,561,832
82$4,689,646$969,370$490,324$3,846,804
83$5,104,941$953,820$443,700$4,159,519
84$5,560,609$935,522$393,529$4,502,803
85$6,060,708$914,278$339,628$4,879,776
86$6,609,703$889,881$281,809$5,293,875
87$7,212,515$862,108$219,872$5,748,889
88$7,874,567$830,726$153,613$6,248,997
89$8,601,828$795,487$82,814$6,798,804
90$9,400,878$756,130$7,252$7,403,388
91$10,278,963$712,376$0$8,068,346
92$11,244,068$663,933$0$8,818,643
93$12,304,988$610,490$0$9,645,492
94$13,471,413$551,721$0$10,554,596
95$14,754,020$487,278$0$11,554,293
96$16,164,572$416,796$0$12,653,764
97$17,716,028$339,889$0$13,863,129
98$19,422,666$256,147$0$15,193,539
99$21,300,219$165,139$0$16,657,278
100$23,366,020$66,409$0$18,267,885