Can I retire at age 61 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$69,614$68,994$68,389$67,799$67,222$65,227
2 years$34,462$33,821$33,199$32,595$32,010$30,017
3 years$22,747$22,102$21,482$20,884$20,309$18,379
4 years$16,890$16,247$15,633$15,046$14,484$12,634
5 years$13,377$12,738$12,132$11,557$11,011$9,244
6 years$11,036$10,402$9,804$9,242$8,712$7,031
7 years$9,364$8,735$8,148$7,598$7,086$5,490
8 years$8,111$7,488$6,910$6,374$5,878$4,367
9 years$7,137$6,519$5,951$5,429$4,950$3,522
10 years$6,358$5,747$5,189$4,680$4,218$2,870
11 years$5,721$5,116$4,568$4,073$3,628$2,358
12 years$5,190$4,592$4,054$3,573$3,144$1,950
13 years$4,742$4,150$3,622$3,154$2,741$1,621
14 years$4,358$3,772$3,254$2,800$2,403$1,354
15 years$4,025$3,446$2,938$2,497$2,116$1,134
16 years$3,735$3,161$2,664$2,236$1,870$953
17 years$3,479$2,911$2,424$2,009$1,658$802
18 years$3,251$2,690$2,213$1,810$1,474$677
19 years$3,048$2,493$2,026$1,636$1,314$572
20 years$2,865$2,317$1,859$1,482$1,174$484
21 years$2,700$2,158$1,710$1,345$1,050$410
22 years$2,550$2,015$1,576$1,223$941$348
23 years$2,413$1,884$1,455$1,113$845$295
24 years$2,288$1,765$1,346$1,015$760$251
25 years$2,173$1,657$1,247$927$684$213
26 years$2,067$1,557$1,156$848$616$181
27 years$1,970$1,465$1,074$776$555$154
28 years$1,879$1,381$998$711$501$131
29 years$1,795$1,303$929$652$452$111
30 years$1,716$1,230$865$598$409$95
31 years$1,643$1,163$806$550$369$81
32 years$1,574$1,100$752$505$334$69
33 years$1,510$1,042$703$465$302$59
34 years$1,449$988$656$427$274$50
35 years$1,392$937$614$393$248$43
36 years$1,339$889$574$362$225$36
37 years$1,288$844$537$334$204$31
38 years$1,241$803$503$308$185$26
39 years$1,195$763$471$284$167$22
40 years$1,153$726$442$262$152$19
41 years$1,112$691$414$241$138$16
42 years$1,073$658$389$223$125$14
43 years$1,037$627$365$206$113$12
44 years$1,002$598$342$190$103$10
45 years$968$570$321$175$94$9
46 years$937$544$302$162$85$7
47 years$906$519$284$150$77$6
48 years$877$495$267$138$70$5
49 years$850$473$251$128$64$5
50 years$823$452$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $843,000, adding $3,493 every year, while hoping to spend $54,287 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: 63/31/6 Blend
60$843,000$843,000$843,000$843,000
61$932,589$887,910$874,844$990,154
62$969,952$873,657$846,390$1,014,693
63$1,009,307$856,885$815,163$1,034,774
64$1,050,799$837,416$781,014$1,055,284
65$1,094,587$815,056$743,785$1,076,262
66$1,140,845$789,604$703,312$1,097,753
67$1,189,762$760,844$659,423$1,119,808
68$1,241,543$728,551$611,939$1,142,485
69$1,296,414$692,484$560,673$1,165,851
70$1,354,622$652,389$505,429$1,189,982
71$1,416,435$607,998$446,003$1,214,966
72$1,482,147$559,026$382,180$1,240,900
73$1,552,082$505,174$313,738$1,267,899
74$1,626,590$446,123$240,444$1,296,088
75$1,706,058$381,539$162,055$1,325,611
76$1,790,909$311,068$78,317$1,356,633
77$1,881,606$234,334$0$1,389,335
78$1,978,657$150,944$0$1,424,633
79$2,082,619$60,479$0$1,467,450
80$2,194,102$0$0$1,513,046
81$2,313,777$0$0$1,574,528
82$2,442,378$0$0$1,662,808
83$2,580,714$0$0$1,757,815
84$2,729,670$0$0$1,860,162
85$2,890,220$0$0$1,970,525
86$3,063,433$0$0$2,089,645
87$3,250,484$0$0$2,218,335
88$3,452,663$0$0$2,357,492
89$3,671,390$0$0$2,508,099
90$3,908,222$0$0$2,671,238
91$4,164,876$0$0$2,848,097
92$4,443,236$0$0$3,039,983
93$4,745,376$0$0$3,248,336
94$5,073,574$0$0$3,474,736
95$5,430,341$0$0$3,720,924
96$5,818,434$0$0$3,988,814
97$6,240,890$0$0$4,280,512
98$6,701,050$0$0$4,598,335
99$7,202,588$0$0$4,944,834
100$7,749,552$0$0$5,322,816