Can I retire at age 61 with 868,000?

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 $868,000?

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$71,679$71,040$70,417$69,809$69,216$66,469
2 years$35,484$34,824$34,183$33,562$32,960$30,227
3 years$23,421$22,758$22,119$21,504$20,911$18,278
4 years$17,391$16,729$16,097$15,492$14,914$12,400
5 years$13,774$13,116$12,492$11,899$11,337$8,950
6 years$11,363$10,710$10,095$9,516$8,971$6,711
7 years$9,642$8,994$8,389$7,824$7,296$5,162
8 years$8,351$7,710$7,115$6,563$6,052$4,044
9 years$7,348$6,713$6,128$5,590$5,097$3,210
10 years$6,546$5,917$5,342$4,819$4,343$2,573
11 years$5,890$5,268$4,703$4,194$3,735$2,079
12 years$5,344$4,728$4,174$3,679$3,237$1,690
13 years$4,883$4,273$3,729$3,248$2,823$1,380
14 years$4,487$3,884$3,351$2,883$2,474$1,131
15 years$4,145$3,548$3,025$2,571$2,178$930
16 years$3,846$3,255$2,743$2,302$1,925$767
17 years$3,582$2,998$2,496$2,068$1,707$634
18 years$3,348$2,770$2,278$1,864$1,518$524
19 years$3,138$2,567$2,086$1,684$1,353$434
20 years$2,950$2,386$1,914$1,525$1,208$360
21 years$2,780$2,222$1,761$1,384$1,081$299
22 years$2,626$2,074$1,623$1,259$969$249
23 years$2,485$1,940$1,498$1,146$870$207
24 years$2,356$1,818$1,386$1,046$782$172
25 years$2,238$1,706$1,283$955$704$143
26 years$2,129$1,603$1,190$873$634$119
27 years$2,028$1,509$1,105$799$572$99
28 years$1,935$1,422$1,028$732$516$83
29 years$1,848$1,341$956$671$466$69
30 years$1,767$1,267$891$616$421$57
31 years$1,691$1,197$830$566$380$48
32 years$1,621$1,133$775$520$344$40
33 years$1,554$1,073$723$478$311$33
34 years$1,492$1,017$676$440$282$28
35 years$1,434$965$632$405$255$23
36 years$1,379$915$591$373$231$19
37 years$1,327$870$553$344$210$16
38 years$1,277$826$518$317$190$13
39 years$1,231$786$485$292$172$11
40 years$1,187$748$455$269$156$9
41 years$1,145$712$427$249$142$8
42 years$1,105$678$400$229$129$6
43 years$1,067$646$376$212$117$5
44 years$1,031$616$353$196$106$5
45 years$997$587$331$181$96$4
46 years$964$560$311$167$87$3
47 years$933$534$292$154$79$3
48 years$903$510$274$142$72$2
49 years$875$487$258$132$65$2
50 years$847$465$243$122$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $868,000, adding $2,385 every year, while hoping to spend $29,859 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: 43/31/26 Blend
60$868,000$868,000$868,000$868,000
61$958,996$912,992$899,538$992,874
62$1,025,044$925,959$897,903$1,030,268
63$1,096,828$938,560$895,212$1,067,726
64$1,174,902$950,747$891,399$1,107,731
65$1,259,874$962,466$886,393$1,150,534
66$1,352,415$973,661$880,122$1,196,415
67$1,453,263$984,272$872,507$1,245,684
68$1,563,228$994,234$863,468$1,298,682
69$1,683,205$1,003,478$852,922$1,355,788
70$1,814,175$1,011,933$840,778$1,417,420
71$1,957,223$1,019,518$826,946$1,484,041
72$2,113,538$1,026,153$811,327$1,556,163
73$2,284,432$1,031,748$793,820$1,634,350
74$2,471,350$1,036,210$774,319$1,719,230
75$2,675,882$1,039,438$752,712$1,811,491
76$2,899,778$1,041,327$728,885$1,911,900
77$3,144,967$1,041,763$702,714$2,021,299
78$3,413,571$1,040,628$674,072$2,140,623
79$3,707,930$1,037,793$642,828$2,270,901
80$4,030,617$1,033,123$608,842$2,413,274
81$4,384,470$1,026,476$571,967$2,568,999
82$4,772,612$1,017,699$532,054$2,739,466
83$5,198,483$1,006,631$488,943$2,926,212
84$5,665,874$993,102$442,468$3,130,932
85$6,178,958$976,929$392,456$3,355,499
86$6,742,335$957,922$338,726$3,601,980
87$7,361,070$935,877$281,090$3,872,660
88$8,040,743$910,578$219,351$4,170,061
89$8,787,501$881,799$153,301$4,496,964
90$9,608,116$849,297$82,727$4,856,444
91$10,510,049$812,818$7,403$5,251,893
92$11,501,520$772,091$0$5,687,055
93$12,591,582$726,832$0$6,186,308
94$13,790,214$676,737$0$6,737,476
95$15,108,407$621,488$0$7,343,605
96$16,558,270$560,746$0$8,010,325
97$18,153,147$494,156$0$8,743,842
98$19,907,737$421,339$0$9,550,998
99$21,838,240$341,899$0$10,439,338
100$23,962,502$255,413$0$11,417,183