Can I retire at age 61 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$71,679$71,040$70,417$69,809$69,216$67,707
2 years$35,484$34,824$34,183$33,562$32,960$31,448
3 years$23,421$22,758$22,119$21,504$20,911$19,443
4 years$17,391$16,729$16,097$15,492$14,914$13,500
5 years$13,774$13,116$12,492$11,899$11,337$9,983
6 years$11,363$10,710$10,095$9,516$8,971$7,676
7 years$9,642$8,994$8,389$7,824$7,296$6,062
8 years$8,351$7,710$7,115$6,563$6,052$4,878
9 years$7,348$6,713$6,128$5,590$5,097$3,982
10 years$6,546$5,917$5,342$4,819$4,343$3,286
11 years$5,890$5,268$4,703$4,194$3,735$2,735
12 years$5,344$4,728$4,174$3,679$3,237$2,292
13 years$4,883$4,273$3,729$3,248$2,823$1,931
14 years$4,487$3,884$3,351$2,883$2,474$1,634
15 years$4,145$3,548$3,025$2,571$2,178$1,388
16 years$3,846$3,255$2,743$2,302$1,925$1,183
17 years$3,582$2,998$2,496$2,068$1,707$1,011
18 years$3,348$2,770$2,278$1,864$1,518$865
19 years$3,138$2,567$2,086$1,684$1,353$742
20 years$2,950$2,386$1,914$1,525$1,208$638
21 years$2,780$2,222$1,761$1,384$1,081$549
22 years$2,626$2,074$1,623$1,259$969$473
23 years$2,485$1,940$1,498$1,146$870$407
24 years$2,356$1,818$1,386$1,046$782$351
25 years$2,238$1,706$1,283$955$704$303
26 years$2,129$1,603$1,190$873$634$262
27 years$2,028$1,509$1,105$799$572$227
28 years$1,935$1,422$1,028$732$516$196
29 years$1,848$1,341$956$671$466$170
30 years$1,767$1,267$891$616$421$147
31 years$1,691$1,197$830$566$380$127
32 years$1,621$1,133$775$520$344$110
33 years$1,554$1,073$723$478$311$95
34 years$1,492$1,017$676$440$282$83
35 years$1,434$965$632$405$255$71
36 years$1,379$915$591$373$231$62
37 years$1,327$870$553$344$210$54
38 years$1,277$826$518$317$190$47
39 years$1,231$786$485$292$172$40
40 years$1,187$748$455$269$156$35
41 years$1,145$712$427$249$142$30
42 years$1,105$678$400$229$129$26
43 years$1,067$646$376$212$117$23
44 years$1,031$616$353$196$106$20
45 years$997$587$331$181$96$17
46 years$964$560$311$167$87$15
47 years$933$534$292$154$79$13
48 years$903$510$274$142$72$11
49 years$875$487$258$132$65$10
50 years$847$465$243$122$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $868,000, adding $4,999 every year, while hoping to spend $36,485 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: 24/46/30 Blend
60$868,000$868,000$868,000$868,000
61$961,692$915,688$902,234$975,648
62$1,020,965$921,737$893,640$994,088
63$1,085,061$926,860$883,534$1,010,449
64$1,154,434$930,972$871,828$1,027,224
65$1,229,581$933,985$858,430$1,044,472
66$1,311,051$935,803$843,240$1,062,264
67$1,399,447$936,326$826,157$1,080,678
68$1,495,431$935,447$807,074$1,099,804
69$1,599,733$933,051$785,879$1,119,746
70$1,713,154$929,019$762,454$1,140,622
71$1,836,577$923,223$736,678$1,162,565
72$1,970,972$915,525$708,421$1,185,727
73$2,117,409$905,783$677,550$1,210,280
74$2,277,062$893,844$643,926$1,236,416
75$2,451,225$879,545$607,400$1,264,356
76$2,641,323$862,716$567,821$1,294,345
77$2,848,924$843,175$525,029$1,326,662
78$3,075,752$820,728$478,855$1,361,617
79$3,323,709$795,174$429,127$1,399,562
80$3,594,885$766,295$375,660$1,440,888
81$3,891,584$733,864$318,266$1,486,037
82$4,216,342$697,640$256,744$1,535,501
83$4,571,952$657,368$190,888$1,589,830
84$4,961,488$612,776$120,480$1,649,641
85$5,388,338$563,580$45,295$1,715,622
86$5,856,231$509,478$0$1,788,541
87$6,369,276$450,151$0$1,880,438
88$6,931,995$385,262$0$1,997,283
89$7,549,373$314,454$0$2,125,706
90$8,226,899$237,352$0$2,266,979
91$8,970,618$153,558$0$2,422,506
92$9,787,190$62,651$0$2,593,847
93$10,683,952$0$0$2,782,727
94$11,668,986$0$0$3,009,183
95$12,751,195$0$0$3,292,979
96$13,940,385$0$0$3,604,993
97$15,247,363$0$0$3,948,081
98$16,684,032$0$0$4,325,388
99$18,263,507$0$0$4,740,381
100$20,000,236$0$0$5,196,877