Can I retire at age 61 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$69,697$69,076$68,470$67,879$67,302$65,489
2 years$34,503$33,861$33,238$32,634$32,048$30,235
3 years$22,774$22,128$21,507$20,909$20,333$18,575
4 years$16,910$16,267$15,652$15,064$14,502$12,814
5 years$13,393$12,753$12,146$11,570$11,024$9,410
6 years$11,049$10,414$9,816$9,253$8,723$7,185
7 years$9,375$8,746$8,157$7,607$7,094$5,632
8 years$8,120$7,497$6,918$6,382$5,885$4,499
9 years$7,145$6,527$5,958$5,436$4,956$3,644
10 years$6,365$5,753$5,195$4,686$4,223$2,982
11 years$5,728$5,122$4,573$4,078$3,632$2,462
12 years$5,197$4,597$4,059$3,577$3,147$2,045
13 years$4,748$4,154$3,626$3,158$2,744$1,708
14 years$4,363$3,776$3,258$2,803$2,406$1,433
15 years$4,030$3,450$2,942$2,500$2,118$1,206
16 years$3,739$3,165$2,667$2,238$1,872$1,019
17 years$3,483$2,915$2,427$2,011$1,660$862
18 years$3,255$2,693$2,215$1,813$1,476$731
19 years$3,051$2,496$2,028$1,638$1,316$621
20 years$2,868$2,320$1,861$1,483$1,175$528
21 years$2,703$2,161$1,712$1,346$1,052$450
22 years$2,553$2,017$1,578$1,224$943$384
23 years$2,416$1,886$1,457$1,115$846$327
24 years$2,291$1,767$1,347$1,017$760$280
25 years$2,176$1,659$1,248$929$684$239
26 years$2,070$1,559$1,157$849$616$204
27 years$1,972$1,467$1,075$777$556$175
28 years$1,881$1,382$999$712$501$150
29 years$1,797$1,304$930$653$453$128
30 years$1,718$1,232$866$599$409$110
31 years$1,645$1,164$807$550$370$94
32 years$1,576$1,102$753$506$335$80
33 years$1,511$1,043$703$465$303$69
34 years$1,451$989$657$428$274$59
35 years$1,394$938$614$394$248$51
36 years$1,340$890$575$363$225$43
37 years$1,290$845$538$334$204$37
38 years$1,242$803$504$308$185$32
39 years$1,197$764$472$284$168$27
40 years$1,154$727$442$262$152$23
41 years$1,113$692$415$242$138$20
42 years$1,075$659$389$223$125$17
43 years$1,038$628$365$206$114$15
44 years$1,003$599$343$190$103$13
45 years$969$571$322$176$94$11
46 years$938$544$302$162$85$9
47 years$907$520$284$150$77$8
48 years$878$496$267$138$70$7
49 years$851$474$251$128$64$6
50 years$824$452$236$118$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $844,000, adding $6,904 every year, while hoping to spend $42,774 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: 65/12/23 Blend
60$844,000$844,000$844,000$844,000
61$937,209$892,477$879,395$992,136
62$987,294$890,698$863,344$1,028,176
63$1,041,053$887,397$845,321$1,062,099
64$1,098,817$882,456$825,216$1,098,192
65$1,160,947$875,747$802,912$1,136,672
66$1,227,841$867,137$778,287$1,177,776
67$1,299,936$856,481$751,214$1,221,771
68$1,377,710$843,629$721,561$1,268,948
69$1,461,690$828,421$689,187$1,319,631
70$1,552,455$810,686$653,947$1,374,179
71$1,650,641$790,245$615,690$1,432,989
72$1,756,947$766,908$574,256$1,496,500
73$1,872,140$740,471$529,478$1,565,198
74$1,997,068$710,723$481,185$1,639,620
75$2,132,657$677,437$429,193$1,720,361
76$2,279,932$640,375$373,315$1,808,077
77$2,440,015$599,284$313,351$1,903,495
78$2,614,144$553,896$249,096$2,007,419
79$2,803,679$503,930$180,333$2,120,736
80$3,010,118$449,086$106,838$2,244,429
81$3,235,109$389,050$28,376$2,379,581
82$3,480,464$323,488$0$2,527,393
83$3,748,180$252,047$0$2,702,773
84$4,040,453$174,356$0$2,901,914
85$4,359,702$90,022$0$3,119,529
86$4,708,588$0$0$3,357,470
87$5,090,043$0$0$3,617,963
88$5,507,294$0$0$3,915,956
89$5,963,893$0$0$4,242,107
90$6,463,754$0$0$4,599,218
91$7,011,183$0$0$4,990,372
92$7,610,927$0$0$5,418,969
93$8,268,209$0$0$5,888,749
94$8,988,785$0$0$6,403,833
95$9,778,991$0$0$6,968,761
96$10,645,810$0$0$7,588,531
97$11,596,928$0$0$8,268,650
98$12,640,816$0$0$9,015,183
99$13,786,802$0$0$9,834,810
100$15,045,163$0$0$10,734,893