Can I retire at age 61 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$71,348$70,713$70,093$69,488$68,897$68,092
2 years$35,321$34,663$34,026$33,407$32,808$31,998
3 years$23,313$22,653$22,017$21,404$20,815$20,025
4 years$17,311$16,652$16,023$15,421$14,845$14,081
5 years$13,710$13,055$12,434$11,845$11,285$10,549
6 years$11,311$10,661$10,049$9,472$8,930$8,223
7 years$9,597$8,953$8,350$7,788$7,262$6,585
8 years$8,313$7,674$7,082$6,533$6,025$5,377
9 years$7,314$6,682$6,100$5,565$5,074$4,455
10 years$6,516$5,890$5,318$4,797$4,323$3,733
11 years$5,863$5,243$4,682$4,175$3,718$3,156
12 years$5,320$4,706$4,155$3,662$3,222$2,687
13 years$4,860$4,253$3,712$3,233$2,810$2,302
14 years$4,467$3,866$3,335$2,870$2,463$1,981
15 years$4,126$3,531$3,011$2,559$2,168$1,712
16 years$3,828$3,240$2,730$2,291$1,916$1,485
17 years$3,565$2,984$2,484$2,059$1,699$1,291
18 years$3,332$2,757$2,268$1,855$1,511$1,126
19 years$3,124$2,555$2,076$1,677$1,347$984
20 years$2,936$2,375$1,905$1,518$1,203$861
21 years$2,767$2,212$1,753$1,378$1,076$755
22 years$2,614$2,065$1,615$1,253$965$663
23 years$2,474$1,931$1,491$1,141$866$582
24 years$2,345$1,809$1,379$1,041$779$513
25 years$2,228$1,698$1,278$951$701$451
26 years$2,119$1,596$1,185$869$631$398
27 years$2,019$1,502$1,100$795$569$351
28 years$1,926$1,415$1,023$729$513$310
29 years$1,839$1,335$952$668$464$273
30 years$1,759$1,261$887$613$419$241
31 years$1,684$1,192$827$563$379$213
32 years$1,613$1,128$771$518$343$189
33 years$1,547$1,068$720$476$310$167
34 years$1,485$1,012$673$438$281$148
35 years$1,427$960$629$403$254$131
36 years$1,372$911$588$371$230$116
37 years$1,320$865$551$342$209$102
38 years$1,271$823$516$315$189$91
39 years$1,225$782$483$291$172$80
40 years$1,181$744$453$268$156$71
41 years$1,140$708$425$247$141$63
42 years$1,100$675$398$228$128$56
43 years$1,062$643$374$211$116$49
44 years$1,027$613$351$195$106$44
45 years$992$584$329$180$96$39
46 years$960$557$309$166$87$34
47 years$929$532$291$153$79$30
48 years$899$508$273$142$72$27
49 years$871$485$257$131$65$24
50 years$844$463$241$121$59$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $864,000, adding $4,033 every year, while hoping to spend $59,361 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: 54/31/15 Blend
60$864,000$864,000$864,000$864,000
61$956,288$910,496$897,104$1,003,912
62$990,670$891,951$863,997$1,018,278
63$1,026,569$870,507$827,792$1,027,205
64$1,064,078$845,961$788,322$1,035,579
65$1,103,295$818,094$745,412$1,043,362
66$1,144,330$786,679$698,882$1,050,516
67$1,187,297$751,473$648,540$1,057,001
68$1,232,324$712,217$594,189$1,062,780
69$1,279,548$668,642$535,621$1,067,812
70$1,329,116$620,460$472,618$1,072,060
71$1,381,190$567,367$404,956$1,075,486
72$1,435,946$509,043$332,396$1,078,053
73$1,493,574$445,147$254,693$1,079,726
74$1,554,282$375,323$171,588$1,080,473
75$1,618,295$299,190$82,813$1,080,264
76$1,685,860$216,349$0$1,079,071
77$1,757,245$126,378$0$1,078,780
78$1,832,744$28,830$0$1,091,734
79$1,912,676$0$0$1,104,700
80$1,997,390$0$0$1,143,912
81$2,087,268$0$0$1,195,989
82$2,182,727$0$0$1,251,343
83$2,284,224$0$0$1,310,243
84$2,392,257$0$0$1,372,986
85$2,507,373$0$0$1,439,896
86$2,630,172$0$0$1,511,327
87$2,761,307$0$0$1,587,667
88$2,901,498$0$0$1,669,343
89$3,051,533$0$0$1,756,821
90$3,212,275$0$0$1,850,614
91$3,384,672$0$0$1,951,284
92$3,569,762$0$0$2,059,448
93$3,768,687$0$0$2,175,781
94$3,982,699$0$0$2,301,028
95$4,213,172$0$0$2,436,005
96$4,461,617$0$0$2,581,608
97$4,729,693$0$0$2,738,822
98$5,019,222$0$0$2,908,730
99$5,332,207$0$0$3,092,520
100$5,670,848$0$0$3,291,501