Can I retire at age 61 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$69,201$68,585$67,983$67,396$66,823$64,814
2 years$34,258$33,620$33,002$32,402$31,821$29,813
3 years$22,612$21,971$21,354$20,760$20,188$18,246
4 years$16,790$16,151$15,540$14,957$14,398$12,536
5 years$13,298$12,663$12,060$11,488$10,945$9,167
6 years$10,970$10,340$9,746$9,187$8,661$6,969
7 years$9,308$8,684$8,099$7,553$7,044$5,438
8 years$8,063$7,443$6,869$6,336$5,843$4,323
9 years$7,094$6,481$5,916$5,397$4,921$3,484
10 years$6,320$5,712$5,158$4,652$4,193$2,838
11 years$5,687$5,086$4,541$4,049$3,606$2,331
12 years$5,160$4,564$4,030$3,551$3,125$1,926
13 years$4,714$4,125$3,600$3,135$2,725$1,600
14 years$4,332$3,749$3,235$2,783$2,389$1,335
15 years$4,002$3,425$2,921$2,482$2,103$1,117
16 years$3,713$3,143$2,648$2,223$1,859$938
17 years$3,458$2,894$2,410$1,997$1,648$789
18 years$3,232$2,674$2,200$1,800$1,465$665
19 years$3,030$2,479$2,014$1,626$1,306$562
20 years$2,848$2,303$1,848$1,473$1,167$475
21 years$2,684$2,145$1,700$1,337$1,044$402
22 years$2,535$2,003$1,567$1,215$936$341
23 years$2,399$1,873$1,447$1,107$840$289
24 years$2,275$1,755$1,338$1,009$755$245
25 years$2,160$1,647$1,239$922$679$208
26 years$2,055$1,548$1,149$843$612$177
27 years$1,958$1,457$1,067$772$552$150
28 years$1,868$1,373$992$707$498$128
29 years$1,784$1,295$923$648$450$109
30 years$1,706$1,223$860$595$406$92
31 years$1,633$1,156$802$546$367$79
32 years$1,565$1,094$748$502$332$67
33 years$1,501$1,036$698$462$301$57
34 years$1,441$982$653$425$272$48
35 years$1,384$931$610$391$247$41
36 years$1,331$884$571$360$223$35
37 years$1,281$839$534$332$202$30
38 years$1,233$798$500$306$184$25
39 years$1,188$759$469$282$166$22
40 years$1,146$722$439$260$151$18
41 years$1,105$687$412$240$137$16
42 years$1,067$654$386$222$124$13
43 years$1,030$623$363$204$113$11
44 years$996$594$340$189$102$10
45 years$963$567$320$174$93$8
46 years$931$541$300$161$84$7
47 years$901$516$282$149$77$6
48 years$872$492$265$138$70$5
49 years$845$470$249$127$63$4
50 years$818$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 $838,000, adding $3,512 every year, while hoping to spend $26,292 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: 64/27/9 Blend
60$838,000$838,000$838,000$838,000
61$927,099$882,685$869,696$984,466
62$993,688$897,962$870,856$1,038,441
63$1,066,189$913,106$871,174$1,093,965
64$1,145,175$928,084$870,594$1,153,935
65$1,231,281$942,858$869,056$1,218,782
66$1,325,202$957,388$866,500$1,288,979
67$1,427,706$971,633$862,861$1,365,050
68$1,539,636$985,547$858,071$1,447,572
69$1,661,922$999,082$852,059$1,537,178
70$1,795,585$1,012,185$844,751$1,634,569
71$1,941,754$1,024,800$836,068$1,740,516
72$2,101,666$1,036,869$825,930$1,855,869
73$2,276,688$1,048,327$814,251$1,981,566
74$2,468,322$1,059,108$800,941$2,118,638
75$2,678,225$1,069,138$785,906$2,268,225
76$2,908,219$1,078,341$769,049$2,431,581
77$3,160,313$1,086,635$750,267$2,610,090
78$3,436,716$1,093,931$729,453$2,805,277
79$3,739,866$1,100,138$706,494$3,018,823
80$4,072,443$1,105,156$681,273$3,252,580
81$4,437,404$1,108,880$653,667$3,508,592
82$4,838,002$1,111,198$623,547$3,789,110
83$5,277,822$1,111,991$590,780$4,096,617
84$5,760,814$1,111,133$555,226$4,433,850
85$6,291,328$1,108,489$516,736$4,803,824
86$6,874,156$1,103,918$475,160$5,209,865
87$7,514,577$1,097,267$430,335$5,655,640
88$8,218,408$1,088,377$382,095$6,145,189
89$8,992,056$1,077,078$330,266$6,682,967
90$9,842,580$1,063,190$274,664$7,273,885
91$10,777,758$1,046,521$215,100$7,923,357
92$11,806,158$1,026,869$151,374$8,637,350
93$12,937,220$1,004,019$83,280$9,422,442
94$14,181,346$977,746$10,599$10,285,885
95$15,549,996$947,808$0$11,235,673
96$17,055,795$913,950$0$12,287,047
97$18,712,657$875,904$0$13,444,793
98$20,535,909$833,385$0$14,718,624
99$22,542,442$786,091$0$16,120,365
100$24,750,865$733,703$0$17,663,052