Can I retire at age 61 with 869,000?

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 $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%18.9%
1 years$71,761$71,122$70,498$69,890$69,295$66,810
2 years$35,525$34,864$34,223$33,601$32,998$30,521
3 years$23,448$22,784$22,144$21,528$20,935$18,544
4 years$17,411$16,749$16,115$15,510$14,931$12,645
5 years$13,790$13,131$12,506$11,913$11,350$9,174
6 years$11,376$10,722$10,107$9,527$8,981$6,917
7 years$9,653$9,005$8,399$7,833$7,304$5,352
8 years$8,361$7,719$7,123$6,571$6,059$4,217
9 years$7,357$6,721$6,135$5,597$5,103$3,368
10 years$6,554$5,924$5,349$4,824$4,348$2,717
11 years$5,897$5,274$4,709$4,199$3,739$2,210
12 years$5,350$4,733$4,179$3,683$3,240$1,808
13 years$4,888$4,278$3,734$3,251$2,826$1,487
14 years$4,492$3,888$3,355$2,886$2,477$1,228
15 years$4,150$3,552$3,029$2,574$2,181$1,017
16 years$3,850$3,259$2,746$2,305$1,928$844
17 years$3,586$3,001$2,499$2,071$1,709$703
18 years$3,351$2,773$2,281$1,866$1,520$586
19 years$3,142$2,570$2,088$1,686$1,355$489
20 years$2,953$2,388$1,916$1,527$1,210$409
21 years$2,783$2,225$1,763$1,386$1,083$342
22 years$2,629$2,077$1,625$1,260$970$286
23 years$2,488$1,942$1,500$1,148$871$240
24 years$2,359$1,820$1,387$1,047$783$201
25 years$2,240$1,708$1,285$956$705$169
26 years$2,131$1,605$1,192$874$635$142
27 years$2,030$1,511$1,107$800$572$119
28 years$1,937$1,423$1,029$733$516$100
29 years$1,850$1,343$957$672$466$84
30 years$1,769$1,268$892$617$421$71
31 years$1,693$1,199$831$567$381$59
32 years$1,623$1,134$776$521$345$50
33 years$1,556$1,074$724$479$312$42
34 years$1,494$1,018$677$441$282$35
35 years$1,435$966$633$406$256$30
36 years$1,380$917$592$374$232$25
37 years$1,328$871$554$344$210$21
38 years$1,279$827$519$317$190$18
39 years$1,232$787$486$292$173$15
40 years$1,188$748$456$270$157$12
41 years$1,146$712$427$249$142$10
42 years$1,106$679$401$230$129$9
43 years$1,069$646$376$212$117$7
44 years$1,032$616$353$196$106$6
45 years$998$588$331$181$96$5
46 years$965$561$311$167$88$4
47 years$934$535$292$154$79$4
48 years$904$511$275$143$72$3
49 years$876$488$258$132$66$3
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $869,000, adding $6,590 every year, while hoping to spend $54,817 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: 56/25/19 Blend
60$869,000$869,000$869,000$869,000
61$964,436$918,379$904,909$1,013,195
62$1,004,483$905,054$876,899$1,033,847
63$1,046,778$889,240$846,113$1,049,894
64$1,091,493$870,755$812,400$1,066,164
65$1,138,813$849,410$775,604$1,082,691
66$1,188,943$825,003$735,558$1,099,516
67$1,242,107$797,320$692,091$1,116,687
68$1,298,548$766,135$645,022$1,134,260
69$1,358,534$731,209$594,164$1,152,299
70$1,422,355$692,289$539,319$1,170,881
71$1,490,331$649,107$480,282$1,190,091
72$1,562,812$601,380$416,839$1,210,031
73$1,640,181$548,810$348,765$1,230,812
74$1,722,857$491,079$275,826$1,252,567
75$1,811,301$427,855$197,779$1,275,442
76$1,906,016$358,782$114,367$1,299,608
77$2,007,556$283,489$25,325$1,325,254
78$2,116,527$201,581$0$1,352,599
79$2,233,596$112,641$0$1,396,017
80$2,359,494$16,231$0$1,448,052
81$2,495,022$0$0$1,503,937
82$2,641,062$0$0$1,588,328
83$2,798,582$0$0$1,684,229
84$2,968,645$0$0$1,787,829
85$3,152,419$0$0$1,899,848
86$3,351,190$0$0$2,021,077
87$3,566,367$0$0$2,152,387
88$3,799,503$0$0$2,294,733
89$4,052,304$0$0$2,449,166
90$4,326,647$0$0$2,616,843
91$4,624,593$0$0$2,799,035
92$4,948,415$0$0$2,997,143
93$5,300,607$0$0$3,212,704
94$5,683,918$0$0$3,447,413
95$6,101,371$0$0$3,703,134
96$6,556,290$0$0$3,981,916
97$7,052,338$0$0$4,286,018
98$7,593,543$0$0$4,617,923
99$8,184,339$0$0$4,980,367
100$8,829,609$0$0$5,376,360