Can I retire at age 61 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$70,853$70,222$69,606$69,005$68,418$68,044
2 years$35,076$34,422$33,789$33,175$32,580$32,203
3 years$23,151$22,495$21,864$21,256$20,670$20,301
4 years$17,191$16,537$15,911$15,314$14,742$14,384
5 years$13,615$12,965$12,348$11,762$11,207$10,861
6 years$11,232$10,587$9,979$9,406$8,867$8,534
7 years$9,531$8,891$8,293$7,734$7,212$6,891
8 years$8,255$7,621$7,033$6,487$5,983$5,675
9 years$7,264$6,635$6,057$5,526$5,038$4,744
10 years$6,471$5,849$5,281$4,763$4,293$4,011
11 years$5,823$5,207$4,649$4,146$3,692$3,422
12 years$5,283$4,673$4,126$3,636$3,199$2,942
13 years$4,826$4,223$3,686$3,210$2,790$2,544
14 years$4,436$3,839$3,312$2,850$2,446$2,212
15 years$4,097$3,507$2,990$2,541$2,153$1,931
16 years$3,801$3,218$2,711$2,276$1,903$1,692
17 years$3,541$2,963$2,467$2,045$1,687$1,487
18 years$3,309$2,738$2,252$1,843$1,500$1,310
19 years$3,102$2,538$2,062$1,665$1,337$1,157
20 years$2,916$2,358$1,892$1,508$1,195$1,024
21 years$2,748$2,197$1,740$1,369$1,069$908
22 years$2,595$2,050$1,604$1,244$958$806
23 years$2,456$1,918$1,481$1,133$860$716
24 years$2,329$1,797$1,370$1,034$773$638
25 years$2,212$1,686$1,269$944$696$568
26 years$2,104$1,585$1,177$863$627$507
27 years$2,005$1,491$1,093$790$565$452
28 years$1,912$1,405$1,016$724$510$404
29 years$1,826$1,326$945$664$460$361
30 years$1,747$1,252$880$609$416$323
31 years$1,672$1,184$821$559$376$289
32 years$1,602$1,120$766$514$340$258
33 years$1,537$1,061$715$473$308$231
34 years$1,475$1,005$668$435$279$207
35 years$1,417$953$625$400$252$186
36 years$1,363$905$584$369$229$166
37 years$1,311$859$547$340$207$149
38 years$1,263$817$512$313$188$134
39 years$1,217$777$480$289$170$120
40 years$1,173$739$450$266$155$108
41 years$1,132$703$422$246$140$97
42 years$1,092$670$396$227$127$87
43 years$1,055$638$371$209$115$78
44 years$1,019$608$348$193$105$70
45 years$986$580$327$179$95$63
46 years$953$553$307$165$86$56
47 years$922$528$289$152$78$51
48 years$893$504$271$141$71$45
49 years$865$482$255$130$65$41
50 years$838$460$240$120$59$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $858,000, adding $2,065 every year, while hoping to spend $55,514 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: 30/46/24 Blend
60$858,000$858,000$858,000$858,000
61$947,646$902,172$888,873$968,972
62$985,239$887,312$859,584$970,709
63$1,024,807$869,863$827,453$967,514
64$1,066,491$849,640$792,326$962,941
65$1,110,447$826,447$754,043$956,906
66$1,156,845$800,075$712,436$949,324
67$1,205,869$770,304$667,328$940,107
68$1,257,720$736,902$618,537$929,162
69$1,312,620$699,622$565,869$916,396
70$1,370,807$658,204$509,126$901,713
71$1,432,545$612,371$448,098$885,016
72$1,498,120$561,834$382,565$866,205
73$1,567,848$506,282$312,300$845,178
74$1,642,070$445,392$237,064$821,832
75$1,721,163$378,818$156,607$796,065
76$1,805,540$306,198$70,672$767,772
77$1,895,650$227,147$0$736,851
78$1,991,989$141,261$0$708,587
79$2,095,099$48,109$0$697,155
80$2,205,574$0$0$684,415
81$2,324,065$0$0$697,060
82$2,451,288$0$0$736,875
83$2,588,029$0$0$779,765
84$2,735,148$0$0$826,014
85$2,893,593$0$0$875,932
86$3,064,402$0$0$929,860
87$3,248,717$0$0$988,172
88$3,447,791$0$0$1,051,282
89$3,663,005$0$0$1,119,642
90$3,895,871$0$0$1,193,750
91$4,148,056$0$0$1,274,154
92$4,421,390$0$0$1,361,457
93$4,717,886$0$0$1,456,321
94$5,039,759$0$0$1,559,474
95$5,389,443$0$0$1,671,720
96$5,769,618$0$0$1,793,940
97$6,183,229$0$0$1,927,104
98$6,633,520$0$0$2,072,283
99$7,124,057$0$0$2,230,651
100$7,658,768$0$0$2,403,502