Can I retire at age 61 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$71,761$71,122$70,498$69,890$69,295$67,952
2 years$35,525$34,864$34,223$33,601$32,998$31,650
3 years$23,448$22,784$22,144$21,528$20,935$19,624
4 years$17,411$16,749$16,115$15,510$14,931$13,668
5 years$13,790$13,131$12,506$11,913$11,350$10,138
6 years$11,376$10,722$10,107$9,527$8,981$7,822
7 years$9,653$9,005$8,399$7,833$7,304$6,197
8 years$8,361$7,719$7,123$6,571$6,059$5,005
9 years$7,357$6,721$6,135$5,597$5,103$4,100
10 years$6,554$5,924$5,349$4,824$4,348$3,396
11 years$5,897$5,274$4,709$4,199$3,739$2,837
12 years$5,350$4,733$4,179$3,683$3,240$2,387
13 years$4,888$4,278$3,734$3,251$2,826$2,019
14 years$4,492$3,888$3,355$2,886$2,477$1,716
15 years$4,150$3,552$3,029$2,574$2,181$1,464
16 years$3,850$3,259$2,746$2,305$1,928$1,253
17 years$3,586$3,001$2,499$2,071$1,709$1,075
18 years$3,351$2,773$2,281$1,866$1,520$924
19 years$3,142$2,570$2,088$1,686$1,355$796
20 years$2,953$2,388$1,916$1,527$1,210$687
21 years$2,783$2,225$1,763$1,386$1,083$594
22 years$2,629$2,077$1,625$1,260$970$514
23 years$2,488$1,942$1,500$1,148$871$445
24 years$2,359$1,820$1,387$1,047$783$386
25 years$2,240$1,708$1,285$956$705$335
26 years$2,131$1,605$1,192$874$635$291
27 years$2,030$1,511$1,107$800$572$252
28 years$1,937$1,423$1,029$733$516$219
29 years$1,850$1,343$957$672$466$191
30 years$1,769$1,268$892$617$421$166
31 years$1,693$1,199$831$567$381$144
32 years$1,623$1,134$776$521$345$126
33 years$1,556$1,074$724$479$312$109
34 years$1,494$1,018$677$441$282$95
35 years$1,435$966$633$406$256$83
36 years$1,380$917$592$374$232$72
37 years$1,328$871$554$344$210$63
38 years$1,279$827$519$317$190$55
39 years$1,232$787$486$292$173$48
40 years$1,188$748$456$270$157$42
41 years$1,146$712$427$249$142$36
42 years$1,106$679$401$230$129$32
43 years$1,069$646$376$212$117$28
44 years$1,032$616$353$196$106$24
45 years$998$588$331$181$96$21
46 years$965$561$311$167$88$18
47 years$934$535$292$154$79$16
48 years$904$511$275$143$72$14
49 years$876$488$258$132$66$12
50 years$848$466$243$122$60$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $869,000, adding $4,816 every year, while hoping to spend $26,940 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: 61/13/26 Blend
60$869,000$869,000$869,000$869,000
61$962,606$916,549$903,079$1,014,355
62$1,032,128$932,796$904,668$1,066,331
63$1,107,838$948,936$905,408$1,119,695
64$1,190,339$964,935$905,241$1,177,363
65$1,280,295$980,758$904,108$1,239,760
66$1,378,435$996,366$901,945$1,307,356
67$1,485,563$1,011,715$898,688$1,380,667
68$1,602,564$1,026,763$894,268$1,460,263
69$1,730,412$1,041,461$888,612$1,546,773
70$1,870,178$1,055,756$881,645$1,640,891
71$2,023,043$1,069,595$873,287$1,743,381
72$2,190,307$1,082,919$863,455$1,855,086
73$2,373,400$1,095,664$852,063$1,976,937
74$2,573,899$1,107,764$839,019$2,109,960
75$2,793,539$1,119,146$824,229$2,255,285
76$3,034,230$1,129,735$807,591$2,414,161
77$3,298,079$1,139,449$789,002$2,587,962
78$3,587,402$1,148,201$768,353$2,778,207
79$3,904,753$1,155,899$745,529$2,986,568
80$4,252,945$1,162,445$720,411$3,214,891
81$4,635,073$1,167,733$692,873$3,465,209
82$5,054,552$1,171,653$662,785$3,739,766
83$5,515,138$1,174,086$630,010$4,041,036
84$6,020,972$1,174,906$594,406$4,371,746
85$6,576,615$1,173,980$555,822$4,734,904
86$7,187,090$1,171,166$514,103$5,133,827
87$7,857,934$1,166,314$469,086$5,572,170
88$8,595,243$1,159,263$420,600$6,053,965
89$9,405,736$1,149,844$368,468$6,583,658
90$10,296,812$1,137,878$312,503$7,166,148
91$11,276,627$1,123,174$252,511$7,806,840
92$12,354,163$1,105,530$188,291$8,511,690
93$13,539,318$1,084,732$119,630$9,287,266
94$14,842,998$1,060,553$46,307$10,140,809
95$16,277,218$1,032,753$0$11,080,300
96$17,855,215$1,001,079$0$12,123,400
97$19,591,576$965,261$0$13,285,236
98$21,502,372$925,014$0$14,563,712
99$23,605,312$880,038$0$15,970,689
100$25,919,907$830,013$0$17,519,240