Can I retire at age 61 with 835,000?

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 $835,000?

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$68,954$68,339$67,740$67,155$66,584$64,504
2 years$34,135$33,500$32,884$32,286$31,707$29,630
3 years$22,531$21,892$21,278$20,686$20,116$18,107
4 years$16,730$16,093$15,485$14,903$14,347$12,422
5 years$13,250$12,617$12,017$11,447$10,906$9,070
6 years$10,931$10,303$9,711$9,154$8,630$6,884
7 years$9,275$8,652$8,070$7,526$7,018$5,362
8 years$8,034$7,417$6,844$6,314$5,822$4,255
9 years$7,069$6,458$5,895$5,378$4,903$3,423
10 years$6,297$5,692$5,139$4,636$4,178$2,783
11 years$5,666$5,067$4,525$4,034$3,593$2,281
12 years$5,141$4,548$4,015$3,539$3,114$1,881
13 years$4,697$4,110$3,588$3,124$2,715$1,560
14 years$4,317$3,736$3,223$2,773$2,380$1,299
15 years$3,987$3,413$2,910$2,473$2,096$1,085
16 years$3,699$3,131$2,639$2,215$1,852$909
17 years$3,446$2,884$2,401$1,990$1,642$763
18 years$3,220$2,665$2,192$1,793$1,460$642
19 years$3,019$2,470$2,007$1,620$1,302$541
20 years$2,838$2,295$1,841$1,467$1,163$456
21 years$2,674$2,138$1,694$1,332$1,040$385
22 years$2,526$1,995$1,561$1,211$933$326
23 years$2,390$1,866$1,441$1,103$837$275
24 years$2,267$1,749$1,333$1,006$752$233
25 years$2,153$1,641$1,235$919$677$198
26 years$2,048$1,542$1,145$840$610$167
27 years$1,951$1,451$1,063$769$550$142
28 years$1,861$1,368$989$704$496$120
29 years$1,778$1,290$920$646$448$102
30 years$1,700$1,218$857$593$405$87
31 years$1,627$1,152$799$544$366$73
32 years$1,559$1,090$745$500$331$62
33 years$1,495$1,032$696$460$300$53
34 years$1,436$978$650$423$271$45
35 years$1,379$928$608$390$246$38
36 years$1,326$881$569$359$223$32
37 years$1,276$836$532$331$202$28
38 years$1,229$795$498$305$183$23
39 years$1,184$756$467$281$166$20
40 years$1,142$719$438$259$150$17
41 years$1,101$685$410$239$136$14
42 years$1,063$652$385$221$124$12
43 years$1,027$621$361$204$112$10
44 years$992$592$339$188$102$9
45 years$959$565$318$174$93$7
46 years$928$539$299$160$84$6
47 years$898$514$281$148$76$5
48 years$869$491$264$137$69$5
49 years$842$469$248$127$63$4
50 years$815$448$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 $835,000, adding $6,258 every year, while hoping to spend $45,703 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: 38/48/14 Blend
60$835,000$835,000$835,000$835,000
61$926,625$882,370$869,428$957,690
62$972,513$876,979$849,926$975,058
63$1,021,550$869,791$828,239$988,939
64$1,074,009$860,672$804,245$1,002,949
65$1,130,189$849,475$777,818$1,017,122
66$1,190,417$836,049$748,825$1,031,501
67$1,255,056$820,231$717,126$1,046,134
68$1,324,498$801,849$682,577$1,061,079
69$1,399,179$780,722$645,025$1,076,404
70$1,479,574$756,656$604,312$1,092,189
71$1,566,206$729,447$560,272$1,108,526
72$1,659,649$698,881$512,732$1,125,523
73$1,760,535$664,728$461,510$1,143,302
74$1,869,557$626,747$406,418$1,162,005
75$1,987,477$584,682$347,257$1,181,793
76$2,115,132$538,264$283,823$1,202,853
77$2,253,443$487,207$215,899$1,225,394
78$2,403,423$431,208$143,260$1,249,657
79$2,566,184$369,950$65,672$1,275,912
80$2,742,953$303,095$0$1,304,469
81$2,935,075$230,288$0$1,338,233
82$3,144,032$151,151$0$1,385,675
83$3,371,454$65,289$0$1,437,455
84$3,619,135$0$0$1,494,115
85$3,889,049$0$0$1,570,898
86$4,183,369$0$0$1,692,330
87$4,504,485$0$0$1,824,926
88$4,855,029$0$0$1,969,787
89$5,237,897$0$0$2,128,122
90$5,656,279$0$0$2,301,267
91$6,113,685$0$0$2,490,689
92$6,613,982$0$0$2,698,005
93$7,161,425$0$0$2,924,994
94$7,760,701$0$0$3,173,619
95$8,416,971$0$0$3,446,036
96$9,135,917$0$0$3,744,625
97$9,923,800$0$0$4,072,003
98$10,787,510$0$0$4,431,054
99$11,734,641$0$0$4,824,955
100$12,773,554$0$0$5,257,206