Can I retire at age 61 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$69,284$68,667$68,065$67,477$66,903$64,658
2 years$34,299$33,660$33,041$32,441$31,859$29,619
3 years$22,639$21,997$21,380$20,785$20,212$18,048
4 years$16,810$16,170$15,559$14,975$14,416$12,344
5 years$13,313$12,678$12,074$11,502$10,959$8,984
6 years$10,983$10,352$9,758$9,198$8,671$6,796
7 years$9,320$8,694$8,109$7,562$7,052$5,276
8 years$8,072$7,452$6,877$6,344$5,850$4,172
9 years$7,103$6,489$5,923$5,404$4,927$3,344
10 years$6,327$5,719$5,164$4,658$4,198$2,709
11 years$5,694$5,092$4,546$4,054$3,610$2,211
12 years$5,166$4,570$4,035$3,556$3,129$1,817
13 years$4,720$4,130$3,605$3,139$2,728$1,500
14 years$4,337$3,754$3,239$2,787$2,392$1,244
15 years$4,006$3,429$2,924$2,485$2,106$1,034
16 years$3,717$3,146$2,651$2,225$1,861$863
17 years$3,462$2,898$2,413$1,999$1,650$721
18 years$3,236$2,678$2,202$1,802$1,467$604
19 years$3,033$2,482$2,016$1,628$1,308$506
20 years$2,851$2,306$1,850$1,475$1,168$425
21 years$2,687$2,148$1,702$1,338$1,045$358
22 years$2,538$2,005$1,569$1,217$937$301
23 years$2,402$1,875$1,448$1,108$841$253
24 years$2,277$1,757$1,339$1,011$756$213
25 years$2,163$1,649$1,241$923$680$180
26 years$2,058$1,550$1,151$844$613$152
27 years$1,960$1,458$1,068$772$552$128
28 years$1,870$1,374$993$708$498$108
29 years$1,786$1,296$924$649$450$91
30 years$1,708$1,224$861$596$407$77
31 years$1,635$1,157$803$547$368$65
32 years$1,567$1,095$749$503$333$55
33 years$1,503$1,037$699$462$301$46
34 years$1,442$983$653$425$273$39
35 years$1,386$932$611$392$247$33
36 years$1,333$885$571$361$224$28
37 years$1,282$840$535$332$203$24
38 years$1,235$799$501$306$184$20
39 years$1,190$760$469$282$167$17
40 years$1,147$723$440$260$151$14
41 years$1,107$688$412$240$137$12
42 years$1,068$655$387$222$124$10
43 years$1,032$624$363$205$113$9
44 years$997$595$341$189$103$7
45 years$964$567$320$175$93$6
46 years$932$541$300$161$84$5
47 years$902$517$282$149$77$4
48 years$873$493$265$138$70$4
49 years$846$471$249$127$63$3
50 years$819$450$234$118$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $839,000, adding $2,684 every year, while hoping to spend $22,695 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: 51/40/9 Blend
60$839,000$839,000$839,000$839,000
61$927,347$882,880$869,875$972,348
62$997,789$901,993$874,869$1,022,432
63$1,074,655$921,283$879,269$1,074,192
64$1,158,577$940,733$883,032$1,129,928
65$1,250,250$960,327$886,111$1,190,019
66$1,350,439$980,047$888,459$1,254,882
67$1,459,986$999,871$890,025$1,324,978
68$1,579,819$1,019,779$890,755$1,400,814
69$1,710,958$1,039,746$890,593$1,482,948
70$1,854,529$1,059,746$889,481$1,571,997
71$2,011,768$1,079,752$887,356$1,668,638
72$2,184,041$1,099,732$884,155$1,773,620
73$2,372,848$1,119,654$879,809$1,887,765
74$2,579,844$1,139,482$874,248$2,011,984
75$2,806,850$1,159,178$867,397$2,147,275
76$3,055,872$1,178,701$859,178$2,294,743
77$3,329,120$1,198,007$849,509$2,455,603
78$3,629,028$1,217,047$838,306$2,631,194
79$3,958,277$1,235,771$825,478$2,822,996
80$4,319,821$1,254,123$810,931$3,032,634
81$4,716,914$1,272,046$794,567$3,261,906
82$5,153,138$1,289,475$776,285$3,512,788
83$5,632,443$1,306,345$755,975$3,787,462
84$6,159,178$1,322,581$733,526$4,088,331
85$6,738,136$1,338,109$708,821$4,418,046
86$7,374,594$1,352,845$681,735$4,779,529
87$8,074,370$1,366,702$652,141$5,175,998
88$8,843,872$1,379,587$619,903$5,611,004
89$9,690,160$1,391,399$584,882$6,088,461
90$10,621,011$1,402,032$546,931$6,612,681
91$11,644,996$1,411,374$505,896$7,188,420
92$12,771,559$1,419,304$461,616$7,820,918
93$14,011,102$1,425,694$413,924$8,515,955
94$15,375,089$1,430,408$362,645$9,279,900
95$16,876,150$1,433,300$307,596$10,119,773
96$18,528,203$1,434,218$248,586$11,043,314
97$20,346,582$1,432,997$185,416$12,059,054
98$22,348,184$1,429,464$117,878$13,176,398
99$24,551,625$1,423,434$45,754$14,405,711
100$26,977,422$1,414,713$0$15,758,421