Can I retire at age 61 with 859,000?

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 $859,000?

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$70,935$70,304$69,687$69,085$68,498$68,123
2 years$35,117$34,463$33,829$33,214$32,618$32,240
3 years$23,178$22,522$21,889$21,281$20,694$20,325
4 years$17,211$16,556$15,930$15,331$14,759$14,401
5 years$13,631$12,980$12,362$11,776$11,220$10,874
6 years$11,245$10,599$9,991$9,417$8,878$8,544
7 years$9,542$8,901$8,302$7,743$7,220$6,899
8 years$8,265$7,630$7,041$6,495$5,990$5,682
9 years$7,272$6,643$6,064$5,532$5,044$4,749
10 years$6,478$5,856$5,287$4,769$4,298$4,015
11 years$5,829$5,213$4,655$4,150$3,696$3,426
12 years$5,289$4,679$4,131$3,640$3,203$2,945
13 years$4,832$4,228$3,691$3,214$2,793$2,547
14 years$4,441$3,843$3,316$2,853$2,449$2,214
15 years$4,102$3,511$2,994$2,544$2,156$1,933
16 years$3,806$3,221$2,714$2,278$1,905$1,694
17 years$3,545$2,967$2,470$2,047$1,689$1,488
18 years$3,313$2,741$2,255$1,845$1,502$1,312
19 years$3,106$2,541$2,064$1,667$1,339$1,158
20 years$2,919$2,361$1,894$1,510$1,196$1,025
21 years$2,751$2,199$1,742$1,370$1,070$909
22 years$2,598$2,053$1,606$1,246$959$807
23 years$2,459$1,920$1,483$1,135$861$717
24 years$2,332$1,799$1,371$1,035$774$638
25 years$2,215$1,688$1,270$945$696$569
26 years$2,107$1,587$1,178$864$627$507
27 years$2,007$1,493$1,094$791$566$453
28 years$1,915$1,407$1,017$725$510$404
29 years$1,829$1,327$946$665$461$361
30 years$1,749$1,254$881$610$416$323
31 years$1,674$1,185$822$560$376$289
32 years$1,604$1,121$767$515$341$259
33 years$1,538$1,062$716$473$308$232
34 years$1,477$1,006$669$436$279$208
35 years$1,419$955$625$401$253$186
36 years$1,364$906$585$369$229$167
37 years$1,313$860$548$340$208$149
38 years$1,264$818$513$314$188$134
39 years$1,218$778$480$289$171$120
40 years$1,174$740$450$267$155$108
41 years$1,133$704$422$246$140$97
42 years$1,094$671$396$227$127$87
43 years$1,056$639$372$210$116$78
44 years$1,021$609$349$194$105$70
45 years$987$581$328$179$95$63
46 years$954$554$308$165$87$56
47 years$923$529$289$153$79$51
48 years$894$505$272$141$71$45
49 years$866$482$255$130$65$41
50 years$839$461$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 $859,000, adding $3,330 every year, while hoping to spend $33,088 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: 41/38/21 Blend
60$859,000$859,000$859,000$859,000
61$950,053$904,526$891,211$983,007
62$1,011,753$913,642$885,862$1,015,965
63$1,078,637$922,096$879,224$1,048,189
64$1,151,200$929,821$871,219$1,082,393
65$1,229,984$936,744$861,767$1,118,777
66$1,315,587$942,789$850,781$1,157,562
67$1,408,667$947,875$838,171$1,198,992
68$1,509,945$951,915$823,844$1,243,340
69$1,620,218$954,818$807,702$1,290,907
70$1,740,361$956,484$789,640$1,342,028
71$1,871,337$956,811$769,553$1,397,072
72$2,014,207$955,689$747,326$1,456,451
73$2,170,137$952,998$722,843$1,520,619
74$2,340,412$948,617$695,979$1,590,081
75$2,526,447$942,411$666,607$1,665,395
76$2,729,797$934,242$634,591$1,747,180
77$2,952,177$923,961$599,790$1,836,120
78$3,195,474$911,409$562,058$1,932,973
79$3,461,765$896,422$521,240$2,038,579
80$3,753,340$878,821$477,177$2,153,865
81$4,072,717$858,420$429,698$2,279,860
82$4,422,671$835,020$378,631$2,417,700
83$4,806,259$808,411$323,790$2,568,643
84$5,226,846$778,371$264,985$2,734,079
85$5,688,138$744,666$202,016$2,915,546
86$6,194,220$707,045$134,675$3,114,744
87$6,749,587$665,247$62,743$3,333,555
88$7,359,193$618,993$0$3,574,054
89$8,028,496$567,989$0$3,841,682
90$8,763,505$511,923$0$4,151,042
91$9,570,842$450,467$0$4,490,920
92$10,457,802$383,274$0$4,864,474
93$11,432,420$309,977$0$5,275,188
94$12,503,549$230,187$0$5,726,906
95$13,680,941$143,496$0$6,223,871
96$14,975,341$49,471$0$6,770,765
97$16,398,586$0$0$7,372,754
98$17,963,719$0$0$8,057,425
99$19,685,108$0$0$8,833,327
100$21,578,585$0$0$9,686,923