Can I retire at age 61 with 837,000?

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 $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%16.9%
1 years$69,119$68,503$67,902$67,316$66,744$64,867
2 years$34,217$33,580$32,962$32,363$31,783$29,906
3 years$22,585$21,945$21,329$20,736$20,164$18,347
4 years$16,770$16,132$15,522$14,939$14,381$12,637
5 years$13,282$12,648$12,046$11,474$10,932$9,266
6 years$10,957$10,328$9,735$9,176$8,650$7,063
7 years$9,297$8,673$8,090$7,544$7,035$5,527
8 years$8,053$7,434$6,861$6,329$5,836$4,407
9 years$7,086$6,473$5,909$5,391$4,915$3,563
10 years$6,312$5,706$5,152$4,647$4,188$2,911
11 years$5,680$5,079$4,535$4,044$3,602$2,398
12 years$5,153$4,559$4,025$3,547$3,121$1,989
13 years$4,708$4,120$3,596$3,132$2,722$1,658
14 years$4,327$3,745$3,231$2,780$2,386$1,388
15 years$3,997$3,421$2,917$2,479$2,101$1,166
16 years$3,708$3,139$2,645$2,220$1,857$982
17 years$3,454$2,891$2,407$1,995$1,646$829
18 years$3,228$2,671$2,197$1,797$1,464$702
19 years$3,026$2,476$2,011$1,624$1,305$595
20 years$2,845$2,300$1,846$1,471$1,165$505
21 years$2,681$2,143$1,698$1,335$1,043$429
22 years$2,532$2,000$1,565$1,214$935$365
23 years$2,396$1,871$1,445$1,105$839$311
24 years$2,272$1,753$1,336$1,008$754$265
25 years$2,158$1,645$1,238$921$679$226
26 years$2,053$1,546$1,148$842$611$192
27 years$1,956$1,455$1,066$771$551$164
28 years$1,865$1,371$991$706$497$140
29 years$1,782$1,293$922$647$449$120
30 years$1,704$1,221$859$594$406$102
31 years$1,631$1,155$801$546$367$87
32 years$1,563$1,093$747$502$332$75
33 years$1,499$1,035$698$461$300$64
34 years$1,439$981$652$424$272$54
35 years$1,383$930$609$391$246$47
36 years$1,329$883$570$360$223$40
37 years$1,279$838$534$331$202$34
38 years$1,232$797$500$306$183$29
39 years$1,187$758$468$282$166$25
40 years$1,144$721$439$260$151$21
41 years$1,104$686$411$240$137$18
42 years$1,066$654$386$221$124$16
43 years$1,029$623$362$204$113$13
44 years$994$594$340$189$102$11
45 years$961$566$319$174$93$10
46 years$930$540$300$161$84$8
47 years$900$515$282$149$77$7
48 years$871$492$265$137$70$6
49 years$844$470$249$127$63$5
50 years$817$449$234$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $837,000, adding $2,076 every year, while hoping to spend $31,517 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: 31/43/26 Blend
60$837,000$837,000$837,000$837,000
61$924,515$880,154$867,181$945,733
62$985,282$889,748$862,698$971,805
63$1,051,191$898,756$857,008$996,920
64$1,122,732$907,115$850,038$1,023,325
65$1,200,447$914,760$841,710$1,051,153
66$1,284,930$921,620$831,945$1,080,556
67$1,376,834$927,621$820,656$1,111,699
68$1,476,879$932,682$807,756$1,144,768
69$1,585,856$936,719$793,151$1,179,972
70$1,704,636$939,641$776,744$1,217,539
71$1,834,178$941,352$758,434$1,257,728
72$1,975,537$941,751$738,115$1,300,825
73$2,129,874$940,729$715,674$1,347,147
74$2,298,468$938,171$690,995$1,397,048
75$2,482,725$933,956$663,958$1,450,922
76$2,684,196$927,953$634,433$1,509,204
77$2,904,587$920,025$602,289$1,572,380
78$3,145,775$910,026$567,386$1,640,989
79$3,409,829$897,803$529,579$1,715,629
80$3,699,028$883,191$488,716$1,796,964
81$4,015,878$866,017$444,637$1,885,729
82$4,363,143$846,097$397,178$1,982,740
83$4,743,865$823,237$346,165$2,088,904
84$5,161,395$797,231$291,417$2,205,223
85$5,619,422$767,861$232,744$2,332,809
86$6,122,013$734,896$169,951$2,472,893
87$6,673,645$698,092$102,831$2,626,841
88$7,279,249$657,191$31,168$2,796,163
89$7,944,259$611,920$0$2,982,531
90$8,674,660$561,990$0$3,200,367
91$9,477,044$507,096$0$3,449,195
92$10,358,675$446,916$0$3,722,694
93$11,327,553$381,109$0$4,023,443
94$12,392,495$309,315$0$4,354,292
95$13,563,211$231,153$0$4,718,384
96$14,850,400$146,221$0$5,119,195
97$16,265,851$54,096$0$5,560,557
98$17,822,550$0$0$6,046,706
99$19,534,806$0$0$6,603,927
100$21,418,384$0$0$7,245,204