Can I retire at age 61 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$71,596$70,958$70,336$69,729$69,136$67,030
2 years$35,444$34,783$34,144$33,523$32,922$30,818
3 years$23,394$22,731$22,093$21,479$20,887$18,852
4 years$17,371$16,710$16,078$15,474$14,897$12,946
5 years$13,758$13,101$12,477$11,886$11,324$9,462
6 years$11,350$10,698$10,084$9,505$8,961$7,189
7 years$9,631$8,984$8,379$7,815$7,287$5,607
8 years$8,342$7,701$7,106$6,556$6,046$4,455
9 years$7,340$6,705$6,121$5,584$5,091$3,588
10 years$6,539$5,910$5,336$4,813$4,338$2,921
11 years$5,884$5,261$4,698$4,189$3,731$2,397
12 years$5,338$4,722$4,169$3,674$3,233$1,980
13 years$4,877$4,268$3,725$3,244$2,819$1,643
14 years$4,482$3,879$3,347$2,880$2,471$1,370
15 years$4,140$3,544$3,022$2,568$2,176$1,146
16 years$3,841$3,251$2,740$2,299$1,923$961
17 years$3,578$2,994$2,493$2,066$1,705$808
18 years$3,344$2,767$2,276$1,862$1,516$681
19 years$3,135$2,564$2,083$1,682$1,351$575
20 years$2,947$2,383$1,912$1,524$1,207$485
21 years$2,777$2,220$1,759$1,383$1,080$411
22 years$2,623$2,072$1,621$1,257$968$348
23 years$2,482$1,938$1,497$1,145$869$295
24 years$2,353$1,816$1,384$1,044$781$250
25 years$2,235$1,704$1,282$954$703$212
26 years$2,126$1,601$1,189$872$633$180
27 years$2,026$1,507$1,104$798$571$153
28 years$1,932$1,420$1,026$731$515$130
29 years$1,846$1,340$955$671$465$110
30 years$1,765$1,265$890$616$420$94
31 years$1,689$1,196$829$565$380$80
32 years$1,619$1,132$774$520$344$68
33 years$1,553$1,072$723$478$311$58
34 years$1,491$1,016$675$440$282$49
35 years$1,432$963$631$405$255$42
36 years$1,377$914$590$373$231$35
37 years$1,325$868$553$343$209$30
38 years$1,276$825$518$316$190$26
39 years$1,229$785$485$292$172$22
40 years$1,185$747$454$269$156$19
41 years$1,144$711$426$248$142$16
42 years$1,104$677$400$229$129$13
43 years$1,066$645$375$212$117$11
44 years$1,030$615$352$195$106$10
45 years$996$586$331$180$96$8
46 years$963$559$311$167$87$7
47 years$932$534$292$154$79$6
48 years$902$510$274$142$72$5
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $867,000, adding $6,580 every year, while hoping to spend $27,528 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: 44/32/24 Blend
60$867,000$867,000$867,000$867,000
61$962,221$916,270$902,832$997,608
62$1,031,078$931,878$903,787$1,038,947
63$1,106,036$947,328$903,852$1,080,558
64$1,187,688$962,583$902,967$1,125,116
65$1,276,686$977,604$901,071$1,172,909
66$1,373,750$992,348$898,098$1,224,255
67$1,479,670$1,006,771$893,982$1,279,505
68$1,595,317$1,020,823$888,651$1,339,048
69$1,721,648$1,034,452$882,029$1,403,312
70$1,859,718$1,047,602$874,039$1,472,771
71$2,010,689$1,060,215$864,600$1,547,947
72$2,175,840$1,072,225$853,624$1,629,418
73$2,356,578$1,083,566$841,022$1,717,822
74$2,554,453$1,094,166$826,701$1,813,863
75$2,771,173$1,103,946$810,561$1,918,317
76$3,008,617$1,112,824$792,500$2,032,045
77$3,268,857$1,120,713$772,410$2,155,992
78$3,554,172$1,127,520$750,177$2,291,207
79$3,867,074$1,133,144$725,684$2,438,844
80$4,210,329$1,137,481$698,808$2,600,178
81$4,586,983$1,140,419$669,418$2,776,616
82$5,000,392$1,141,837$637,381$2,969,714
83$5,454,254$1,141,608$602,556$3,181,186
84$5,952,641$1,139,600$564,793$3,412,924
85$6,500,037$1,135,667$523,941$3,667,017
86$7,101,385$1,129,659$479,837$3,945,772
87$7,762,128$1,121,414$432,314$4,251,731
88$8,488,264$1,110,762$381,195$4,587,701
89$9,286,399$1,097,521$326,297$4,956,782
90$10,163,812$1,081,500$267,428$5,362,388
91$11,128,523$1,062,496$204,389$5,808,292
92$12,189,366$1,040,292$136,970$6,298,654
93$13,356,076$1,014,661$64,953$6,838,062
94$14,639,377$985,361$0$7,431,579
95$16,051,086$952,136$0$8,087,838
96$17,604,222$914,716$0$8,827,900
97$19,313,129$872,813$0$9,641,974
98$21,193,613$826,126$0$10,537,621
99$23,263,088$774,333$0$11,523,177
100$25,540,744$717,096$0$12,607,832