Can I retire at age 61 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$68,871$68,257$67,659$67,075$66,504$64,427
2 years$34,095$33,460$32,844$32,247$31,669$29,594
3 years$22,504$21,866$21,252$20,661$20,092$18,086
4 years$16,710$16,074$15,466$14,885$14,330$12,407
5 years$13,234$12,602$12,002$11,433$10,893$9,059
6 years$10,918$10,291$9,700$9,143$8,619$6,875
7 years$9,264$8,642$8,061$7,517$7,010$5,356
8 years$8,024$7,408$6,836$6,306$5,815$4,250
9 years$7,060$6,450$5,888$5,371$4,897$3,419
10 years$6,290$5,685$5,133$4,630$4,173$2,780
11 years$5,660$5,061$4,519$4,030$3,589$2,278
12 years$5,135$4,543$4,011$3,535$3,110$1,879
13 years$4,691$4,105$3,583$3,120$2,712$1,558
14 years$4,311$3,732$3,220$2,770$2,377$1,297
15 years$3,982$3,409$2,907$2,470$2,093$1,083
16 years$3,695$3,128$2,635$2,212$1,850$908
17 years$3,441$2,880$2,398$1,987$1,640$762
18 years$3,216$2,662$2,189$1,791$1,458$641
19 years$3,015$2,467$2,004$1,618$1,300$540
20 years$2,835$2,292$1,839$1,466$1,161$456
21 years$2,671$2,135$1,692$1,330$1,039$385
22 years$2,523$1,993$1,559$1,209$931$325
23 years$2,388$1,864$1,440$1,102$836$275
24 years$2,264$1,746$1,331$1,005$751$233
25 years$2,150$1,639$1,233$918$676$197
26 years$2,045$1,540$1,144$839$609$167
27 years$1,949$1,450$1,062$768$549$142
28 years$1,859$1,366$987$704$496$120
29 years$1,775$1,289$919$645$447$102
30 years$1,698$1,217$856$592$404$87
31 years$1,625$1,151$798$544$366$73
32 years$1,557$1,089$744$500$331$62
33 years$1,494$1,031$695$460$299$53
34 years$1,434$977$649$423$271$45
35 years$1,378$927$607$389$245$38
36 years$1,325$880$568$358$222$32
37 years$1,275$835$532$330$202$28
38 years$1,227$794$498$304$183$23
39 years$1,183$755$466$281$166$20
40 years$1,140$718$437$259$150$17
41 years$1,100$684$410$239$136$14
42 years$1,062$651$385$220$124$12
43 years$1,025$620$361$204$112$10
44 years$991$591$339$188$102$9
45 years$958$564$318$174$93$7
46 years$927$538$299$160$84$6
47 years$897$513$281$148$76$5
48 years$868$490$264$137$69$5
49 years$840$468$248$126$63$4
50 years$814$447$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $834,000, adding $3,054 every year, while hoping to spend $30,950 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: 35/47/18 Blend
60$834,000$834,000$834,000$834,000
61$922,218$878,016$865,089$949,316
62$983,354$888,108$861,139$979,474
63$1,049,688$897,658$856,019$1,008,882
64$1,121,718$906,605$849,658$1,039,961
65$1,199,992$914,887$841,980$1,072,878
66$1,285,111$922,437$832,907$1,107,816
67$1,377,738$929,182$822,355$1,144,981
68$1,478,602$935,046$810,238$1,184,600
69$1,588,504$939,948$796,466$1,226,925
70$1,708,328$943,802$780,943$1,272,237
71$1,839,044$946,515$763,572$1,320,846
72$1,981,722$947,989$744,247$1,373,097
73$2,137,538$948,122$722,860$1,429,374
74$2,307,789$946,801$699,297$1,490,100
75$2,493,900$943,911$673,440$1,555,746
76$2,697,442$939,327$645,165$1,626,832
77$2,920,144$932,918$614,341$1,703,938
78$3,163,910$924,542$580,833$1,787,702
79$3,430,837$914,052$544,498$1,878,835
80$3,723,232$901,290$505,189$1,978,121
81$4,043,639$886,091$462,750$2,086,431
82$4,394,857$868,276$417,019$2,204,726
83$4,779,971$847,660$367,828$2,334,074
84$5,202,377$824,045$314,999$2,475,654
85$5,665,816$797,219$258,348$2,630,771
86$6,174,409$766,963$197,682$2,800,869
87$6,732,695$733,040$132,801$2,987,547
88$7,345,674$695,203$63,493$3,192,570
89$8,018,853$653,188$0$3,417,894
90$8,758,300$606,718$0$3,667,689
91$9,570,698$555,499$0$3,955,479
92$10,463,411$499,220$0$4,271,743
93$11,444,551$437,554$0$4,619,446
94$12,523,054$370,153$0$5,001,865
95$13,708,766$296,651$0$5,422,615
96$15,012,533$216,660$0$5,885,691
97$16,446,308$129,773$0$6,395,498
98$18,023,256$35,556$0$6,956,903
99$19,757,884$0$0$7,575,276
100$21,666,177$0$0$8,290,908