Can I retire at age 61 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$71,183$70,549$69,930$69,327$68,737$66,751
2 years$35,239$34,583$33,947$33,330$32,732$30,747
3 years$23,259$22,600$21,966$21,355$20,766$18,844
4 years$17,271$16,614$15,986$15,385$14,811$12,966
5 years$13,678$13,025$12,405$11,817$11,259$9,497
6 years$11,284$10,636$10,025$9,450$8,909$7,232
7 years$9,575$8,932$8,331$7,770$7,245$5,653
8 years$8,294$7,657$7,065$6,518$6,011$4,502
9 years$7,297$6,666$6,086$5,552$5,062$3,635
10 years$6,501$5,876$5,305$4,786$4,313$2,966
11 years$5,850$5,231$4,671$4,165$3,709$2,440
12 years$5,307$4,695$4,145$3,653$3,214$2,021
13 years$4,849$4,243$3,704$3,225$2,803$1,682
14 years$4,456$3,857$3,328$2,863$2,457$1,406
15 years$4,116$3,523$3,004$2,553$2,163$1,180
16 years$3,819$3,233$2,724$2,286$1,912$993
17 years$3,557$2,977$2,479$2,054$1,695$837
18 years$3,324$2,751$2,263$1,851$1,507$707
19 years$3,117$2,550$2,071$1,673$1,344$599
20 years$2,930$2,369$1,901$1,515$1,200$507
21 years$2,761$2,207$1,749$1,375$1,074$430
22 years$2,608$2,060$1,612$1,250$963$366
23 years$2,468$1,927$1,488$1,138$864$311
24 years$2,340$1,805$1,376$1,038$777$264
25 years$2,222$1,694$1,275$948$699$225
26 years$2,114$1,592$1,182$867$630$192
27 years$2,014$1,498$1,098$794$568$163
28 years$1,921$1,412$1,020$727$512$139
29 years$1,835$1,332$950$667$462$119
30 years$1,755$1,258$885$612$418$101
31 years$1,680$1,189$825$562$378$86
32 years$1,609$1,125$769$517$342$74
33 years$1,544$1,066$718$475$309$63
34 years$1,482$1,010$671$437$280$54
35 years$1,424$958$628$402$254$46
36 years$1,369$909$587$371$230$39
37 years$1,317$863$549$341$208$33
38 years$1,269$821$515$315$189$28
39 years$1,222$780$482$290$171$24
40 years$1,178$742$452$268$155$21
41 years$1,137$707$424$247$141$18
42 years$1,097$673$397$228$128$15
43 years$1,060$641$373$210$116$13
44 years$1,024$611$350$194$105$11
45 years$990$583$329$179$96$9
46 years$958$556$309$166$87$8
47 years$927$531$290$153$79$7
48 years$897$507$273$141$72$6
49 years$869$484$256$131$65$5
50 years$842$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $862,000, adding $3,421 every year, while hoping to spend $27,687 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: 46/27/27 Blend
60$862,000$862,000$862,000$862,000
61$953,453$907,767$894,406$989,766
62$1,021,246$922,789$894,910$1,030,810
63$1,095,027$937,619$894,502$1,072,362
64$1,175,375$952,218$893,124$1,116,909
65$1,262,933$966,545$890,713$1,164,746
66$1,358,402$980,556$887,202$1,216,201
67$1,462,559$994,204$882,523$1,271,633
68$1,576,256$1,007,436$876,604$1,331,439
69$1,700,433$1,020,199$869,369$1,396,060
70$1,836,122$1,032,434$860,738$1,465,980
71$1,984,463$1,044,079$850,629$1,541,737
72$2,146,708$1,055,069$838,955$1,623,922
73$2,324,236$1,065,331$825,624$1,713,189
74$2,518,567$1,074,792$810,541$1,810,260
75$2,731,374$1,083,369$793,607$1,915,933
76$2,964,498$1,090,978$774,717$2,031,088
77$3,219,968$1,097,527$753,761$2,156,698
78$3,500,018$1,102,920$730,626$2,293,835
79$3,807,110$1,107,052$705,191$2,443,684
80$4,143,952$1,109,815$677,332$2,607,554
81$4,513,531$1,111,092$646,919$2,786,888
82$4,919,134$1,110,758$613,813$2,983,280
83$5,364,383$1,108,683$577,874$3,198,488
84$5,853,268$1,104,726$538,950$3,434,454
85$6,390,183$1,098,739$496,886$3,693,321
86$6,979,970$1,090,566$451,520$3,977,453
87$7,627,961$1,080,038$402,681$4,289,457
88$8,340,033$1,066,979$350,190$4,632,214
89$9,122,658$1,051,203$293,863$5,008,900
90$9,982,966$1,032,509$233,505$5,423,019
91$10,928,815$1,010,688$168,913$5,878,437
92$11,968,859$985,517$99,877$6,379,421
93$13,112,635$956,759$26,175$6,930,675
94$14,370,649$924,166$0$7,537,391
95$15,754,476$887,472$0$8,220,415
96$17,276,872$846,397$0$8,979,972
97$18,951,889$800,646$0$9,815,555
98$20,795,010$749,906$0$10,734,922
99$22,823,295$693,845$0$11,746,627
100$25,055,542$632,114$0$12,860,100