Can I retire at age 61 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$69,119$68,503$67,902$67,316$66,744$65,992
2 years$34,217$33,580$32,962$32,363$31,783$31,026
3 years$22,585$21,945$21,329$20,736$20,164$19,426
4 years$16,770$16,132$15,522$14,939$14,381$13,667
5 years$13,282$12,648$12,046$11,474$10,932$10,244
6 years$10,957$10,328$9,735$9,176$8,650$7,989
7 years$9,297$8,673$8,090$7,544$7,035$6,401
8 years$8,053$7,434$6,861$6,329$5,836$5,230
9 years$7,086$6,473$5,909$5,391$4,915$4,336
10 years$6,312$5,706$5,152$4,647$4,188$3,635
11 years$5,680$5,079$4,535$4,044$3,602$3,075
12 years$5,153$4,559$4,025$3,547$3,121$2,620
13 years$4,708$4,120$3,596$3,132$2,722$2,246
14 years$4,327$3,745$3,231$2,780$2,386$1,934
15 years$3,997$3,421$2,917$2,479$2,101$1,673
16 years$3,708$3,139$2,645$2,220$1,857$1,452
17 years$3,454$2,891$2,407$1,995$1,646$1,263
18 years$3,228$2,671$2,197$1,797$1,464$1,102
19 years$3,026$2,476$2,011$1,624$1,305$964
20 years$2,845$2,300$1,846$1,471$1,165$844
21 years$2,681$2,143$1,698$1,335$1,043$741
22 years$2,532$2,000$1,565$1,214$935$651
23 years$2,396$1,871$1,445$1,105$839$572
24 years$2,272$1,753$1,336$1,008$754$504
25 years$2,158$1,645$1,238$921$679$444
26 years$2,053$1,546$1,148$842$611$392
27 years$1,956$1,455$1,066$771$551$346
28 years$1,865$1,371$991$706$497$305
29 years$1,782$1,293$922$647$449$270
30 years$1,704$1,221$859$594$406$239
31 years$1,631$1,155$801$546$367$211
32 years$1,563$1,093$747$502$332$187
33 years$1,499$1,035$698$461$300$165
34 years$1,439$981$652$424$272$146
35 years$1,383$930$609$391$246$130
36 years$1,329$883$570$360$223$115
37 years$1,279$838$534$331$202$102
38 years$1,232$797$500$306$183$90
39 years$1,187$758$468$282$166$80
40 years$1,144$721$439$260$151$71
41 years$1,104$686$411$240$137$63
42 years$1,066$654$386$221$124$56
43 years$1,029$623$362$204$113$49
44 years$994$594$340$189$102$44
45 years$961$566$319$174$93$39
46 years$930$540$300$161$84$34
47 years$900$515$282$149$77$31
48 years$871$492$265$137$70$27
49 years$844$470$249$127$63$24
50 years$817$449$234$117$57$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $837,000, adding $3,489 every year, while hoping to spend $20,239 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: 58/32/10 Blend
60$837,000$837,000$837,000$837,000
61$925,973$881,612$868,638$977,277
62$998,888$903,277$876,204$1,033,901
63$1,078,562$925,325$883,344$1,093,017
64$1,165,663$947,754$890,024$1,156,963
65$1,260,927$970,560$896,206$1,226,202
66$1,365,163$993,739$901,850$1,301,248
67$1,479,264$1,017,286$906,916$1,382,665
68$1,604,210$1,041,194$911,359$1,471,072
69$1,741,084$1,065,457$915,134$1,567,155
70$1,891,076$1,090,066$918,193$1,671,667
71$2,055,499$1,115,012$920,485$1,785,438
72$2,235,795$1,140,283$921,957$1,909,381
73$2,433,557$1,165,868$922,553$2,044,505
74$2,650,536$1,191,752$922,215$2,191,918
75$2,888,664$1,217,920$920,882$2,352,843
76$3,150,065$1,244,356$918,489$2,528,626
77$3,437,081$1,271,039$914,968$2,720,750
78$3,752,294$1,297,950$910,250$2,930,852
79$4,098,543$1,325,066$904,259$3,160,731
80$4,478,961$1,352,360$896,918$3,412,372
81$4,896,997$1,379,807$888,146$3,687,963
82$5,356,449$1,407,376$877,857$3,989,913
83$5,861,503$1,435,035$865,963$4,320,878
84$6,416,773$1,462,747$852,368$4,683,783
85$7,027,337$1,490,476$836,977$5,081,854
86$7,698,795$1,518,179$819,685$5,518,643
87$8,437,314$1,545,811$800,386$5,998,068
88$9,249,689$1,573,325$778,968$6,524,443
89$10,143,407$1,600,667$755,313$7,102,524
90$11,126,717$1,627,783$729,298$7,737,552
91$12,208,708$1,654,610$700,796$8,435,303
92$13,399,395$1,681,084$669,671$9,202,143
93$14,709,812$1,707,136$635,784$10,045,087
94$16,152,117$1,732,690$598,987$10,971,864
95$17,739,707$1,757,666$559,127$11,990,996
96$19,487,344$1,781,979$516,045$13,111,872
97$21,411,293$1,805,535$469,572$14,344,840
98$23,529,476$1,828,238$419,534$15,701,304
99$25,861,642$1,849,981$365,748$17,193,833
100$28,429,552$1,870,652$308,023$18,836,279