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%19.2%
1 years$69,284$68,667$68,065$67,477$66,903$64,427
2 years$34,299$33,660$33,041$32,441$31,859$29,392
3 years$22,639$21,997$21,380$20,785$20,212$17,833
4 years$16,810$16,170$15,559$14,975$14,416$12,141
5 years$13,313$12,678$12,074$11,502$10,959$8,795
6 years$10,983$10,352$9,758$9,198$8,671$6,620
7 years$9,320$8,694$8,109$7,562$7,052$5,113
8 years$8,072$7,452$6,877$6,344$5,850$4,022
9 years$7,103$6,489$5,923$5,404$4,927$3,206
10 years$6,327$5,719$5,164$4,658$4,198$2,582
11 years$5,694$5,092$4,546$4,054$3,610$2,096
12 years$5,166$4,570$4,035$3,556$3,129$1,711
13 years$4,720$4,130$3,605$3,139$2,728$1,404
14 years$4,337$3,754$3,239$2,787$2,392$1,157
15 years$4,006$3,429$2,924$2,485$2,106$956
16 years$3,717$3,146$2,651$2,225$1,861$792
17 years$3,462$2,898$2,413$1,999$1,650$658
18 years$3,236$2,678$2,202$1,802$1,467$547
19 years$3,033$2,482$2,016$1,628$1,308$456
20 years$2,851$2,306$1,850$1,475$1,168$380
21 years$2,687$2,148$1,702$1,338$1,045$317
22 years$2,538$2,005$1,569$1,217$937$265
23 years$2,402$1,875$1,448$1,108$841$222
24 years$2,277$1,757$1,339$1,011$756$185
25 years$2,163$1,649$1,241$923$680$155
26 years$2,058$1,550$1,151$844$613$130
27 years$1,960$1,458$1,068$772$552$109
28 years$1,870$1,374$993$708$498$91
29 years$1,786$1,296$924$649$450$76
30 years$1,708$1,224$861$596$407$64
31 years$1,635$1,157$803$547$368$54
32 years$1,567$1,095$749$503$333$45
33 years$1,503$1,037$699$462$301$38
34 years$1,442$983$653$425$273$32
35 years$1,386$932$611$392$247$27
36 years$1,333$885$571$361$224$22
37 years$1,282$840$535$332$203$19
38 years$1,235$799$501$306$184$16
39 years$1,190$760$469$282$167$13
40 years$1,147$723$440$260$151$11
41 years$1,107$688$412$240$137$9
42 years$1,068$655$387$222$124$8
43 years$1,032$624$363$205$113$6
44 years$997$595$341$189$103$5
45 years$964$567$320$175$93$5
46 years$932$541$300$161$84$4
47 years$902$517$282$149$77$3
48 years$873$493$265$138$70$3
49 years$846$471$249$127$63$2
50 years$819$450$234$118$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $839,000, adding $4,115 every year, while hoping to spend $54,000 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: 54/41/5 Blend
60$839,000$839,000$839,000$839,000
61$928,823$884,356$871,351$977,777
62$966,107$870,233$843,086$997,171
63$1,005,384$853,609$812,064$1,011,931
64$1,046,801$834,304$778,136$1,026,664
65$1,090,517$812,127$741,145$1,041,377
66$1,136,706$786,877$700,929$1,056,077
67$1,185,556$758,341$657,317$1,070,778
68$1,237,276$726,293$610,131$1,085,496
69$1,292,092$690,495$559,183$1,100,254
70$1,350,250$650,693$504,281$1,115,081
71$1,412,021$606,623$445,219$1,130,011
72$1,477,700$558,000$381,787$1,145,089
73$1,547,610$504,526$313,761$1,160,367
74$1,622,105$445,887$240,911$1,175,909
75$1,701,573$381,749$162,995$1,191,789
76$1,786,438$311,759$79,760$1,208,095
77$1,877,165$235,546$0$1,224,932
78$1,974,264$152,716$0$1,242,902
79$2,078,295$62,855$0$1,266,235
80$2,189,871$0$0$1,290,848
81$2,309,665$0$0$1,332,496
82$2,438,415$0$0$1,407,792
83$2,576,932$0$0$1,488,858
84$2,726,106$0$0$1,576,223
85$2,886,916$0$0$1,670,468
86$3,060,435$0$0$1,772,230
87$3,247,843$0$0$1,882,210
88$3,450,436$0$0$2,001,178
89$3,669,641$0$0$2,129,981
90$3,907,023$0$0$2,269,549
91$4,164,305$0$0$2,420,906
92$4,443,381$0$0$2,585,177
93$4,746,334$0$0$2,763,600
94$5,075,454$0$0$2,957,536
95$5,433,262$0$0$3,168,484
96$5,822,530$0$0$3,398,090
97$6,246,308$0$0$3,648,168
98$6,707,953$0$0$3,920,714
99$7,211,158$0$0$4,217,923
100$7,759,988$0$0$4,542,212