Can I retire at age 61 with 834,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$68,871$68,257$67,659$67,075$66,504$65,538
2 years$34,095$33,460$32,844$32,247$31,669$30,697
3 years$22,504$21,866$21,252$20,661$20,092$19,145
4 years$16,710$16,074$15,466$14,885$14,330$13,415
5 years$13,234$12,602$12,002$11,433$10,893$10,014
6 years$10,918$10,291$9,700$9,143$8,619$7,776
7 years$9,264$8,642$8,061$7,517$7,010$6,203
8 years$8,024$7,408$6,836$6,306$5,815$5,044
9 years$7,060$6,450$5,888$5,371$4,897$4,162
10 years$6,290$5,685$5,133$4,630$4,173$3,473
11 years$5,660$5,061$4,519$4,030$3,589$2,923
12 years$5,135$4,543$4,011$3,535$3,110$2,478
13 years$4,691$4,105$3,583$3,120$2,712$2,113
14 years$4,311$3,732$3,220$2,770$2,377$1,810
15 years$3,982$3,409$2,907$2,470$2,093$1,557
16 years$3,695$3,128$2,635$2,212$1,850$1,344
17 years$3,441$2,880$2,398$1,987$1,640$1,163
18 years$3,216$2,662$2,189$1,791$1,458$1,009
19 years$3,015$2,467$2,004$1,618$1,300$877
20 years$2,835$2,292$1,839$1,466$1,161$764
21 years$2,671$2,135$1,692$1,330$1,039$666
22 years$2,523$1,993$1,559$1,209$931$582
23 years$2,388$1,864$1,440$1,102$836$508
24 years$2,264$1,746$1,331$1,005$751$445
25 years$2,150$1,639$1,233$918$676$390
26 years$2,045$1,540$1,144$839$609$341
27 years$1,949$1,450$1,062$768$549$299
28 years$1,859$1,366$987$704$496$263
29 years$1,775$1,289$919$645$447$231
30 years$1,698$1,217$856$592$404$203
31 years$1,625$1,151$798$544$366$178
32 years$1,557$1,089$744$500$331$157
33 years$1,494$1,031$695$460$299$138
34 years$1,434$977$649$423$271$121
35 years$1,378$927$607$389$245$106
36 years$1,325$880$568$358$222$94
37 years$1,275$835$532$330$202$82
38 years$1,227$794$498$304$183$73
39 years$1,183$755$466$281$166$64
40 years$1,140$718$437$259$150$56
41 years$1,100$684$410$239$136$49
42 years$1,062$651$385$220$124$44
43 years$1,025$620$361$204$112$38
44 years$991$591$339$188$102$34
45 years$958$564$318$174$93$30
46 years$927$538$299$160$84$26
47 years$897$513$281$148$76$23
48 years$868$490$264$137$69$20
49 years$840$468$248$126$63$18
50 years$814$447$233$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $834,000, adding $3,313 every year, while hoping to spend $24,796 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: 59/11/30 Blend
60$834,000$834,000$834,000$834,000
61$922,485$878,283$865,356$969,172
62$990,196$894,936$867,963$1,018,179
63$1,063,982$911,575$869,826$1,068,714
64$1,144,437$928,171$870,894$1,123,335
65$1,232,215$944,696$871,114$1,182,448
66$1,328,033$961,118$870,429$1,246,499
67$1,432,685$977,405$868,780$1,315,981
68$1,547,040$993,519$866,105$1,391,436
69$1,672,058$1,009,422$862,340$1,473,463
70$1,808,796$1,025,071$857,416$1,562,725
71$1,958,416$1,040,423$851,263$1,659,948
72$2,122,198$1,055,427$843,804$1,765,938
73$2,301,553$1,070,034$834,962$1,881,581
74$2,498,033$1,084,188$824,655$2,007,855
75$2,713,349$1,097,829$812,797$2,145,837
76$2,949,383$1,110,895$799,298$2,296,718
77$3,208,209$1,123,318$784,064$2,461,809
78$3,492,113$1,135,027$766,996$2,642,557
79$3,803,609$1,145,944$747,992$2,840,556
80$4,145,470$1,155,989$726,943$3,057,567
81$4,520,749$1,165,073$703,736$3,295,528
82$4,932,808$1,173,104$678,254$3,556,580
83$5,385,352$1,179,983$650,372$3,843,081
84$5,882,461$1,185,606$619,963$4,157,632
85$6,428,631$1,189,860$586,891$4,503,102
86$7,028,814$1,192,626$551,015$4,882,654
87$7,688,467$1,193,778$512,188$5,299,773
88$8,413,600$1,193,182$470,255$5,758,307
89$9,210,835$1,190,696$425,056$6,262,493
90$10,087,468$1,186,168$376,424$6,817,006
91$11,051,537$1,179,438$324,181$7,427,000
92$12,111,898$1,170,335$268,146$8,098,156
93$13,278,309$1,158,678$208,126$8,836,738
94$14,561,520$1,144,277$143,922$9,649,653
95$15,973,377$1,126,928$75,325$10,544,513
96$17,526,931$1,106,417$2,117$11,529,712
97$19,236,561$1,082,515$0$12,614,504
98$21,118,113$1,054,981$0$13,833,419
99$23,189,045$1,023,559$0$15,175,677
100$25,468,594$987,980$0$16,653,075