Can I retire at age 61 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$69,779$69,158$68,551$67,959$67,381$65,994
2 years$34,544$33,901$33,277$32,673$32,086$30,695
3 years$22,801$22,155$21,533$20,934$20,357$19,005
4 years$16,930$16,286$15,670$15,082$14,519$13,216
5 years$13,409$12,768$12,161$11,584$11,037$9,788
6 years$11,062$10,426$9,828$9,264$8,733$7,539
7 years$9,386$8,756$8,167$7,616$7,102$5,963
8 years$8,130$7,506$6,926$6,389$5,892$4,808
9 years$7,153$6,535$5,965$5,442$4,962$3,932
10 years$6,373$5,760$5,201$4,691$4,228$3,250
11 years$5,734$5,128$4,579$4,083$3,636$2,710
12 years$5,203$4,603$4,064$3,581$3,151$2,276
13 years$4,753$4,159$3,630$3,162$2,748$1,921
14 years$4,368$3,781$3,262$2,807$2,409$1,629
15 years$4,035$3,454$2,945$2,503$2,121$1,387
16 years$3,744$3,169$2,670$2,241$1,874$1,184
17 years$3,487$2,918$2,430$2,014$1,662$1,014
18 years$3,259$2,697$2,218$1,815$1,478$870
19 years$3,055$2,499$2,031$1,640$1,317$748
20 years$2,872$2,322$1,864$1,485$1,176$644
21 years$2,706$2,163$1,714$1,348$1,053$555
22 years$2,556$2,019$1,580$1,225$944$479
23 years$2,419$1,889$1,459$1,116$847$414
24 years$2,294$1,770$1,349$1,018$761$358
25 years$2,179$1,661$1,249$930$685$310
26 years$2,072$1,561$1,159$850$617$269
27 years$1,974$1,469$1,076$778$556$233
28 years$1,883$1,384$1,000$713$502$202
29 years$1,799$1,306$931$654$453$175
30 years$1,720$1,233$867$600$410$152
31 years$1,647$1,166$808$551$370$132
32 years$1,578$1,103$754$506$335$114
33 years$1,513$1,045$704$466$303$99
34 years$1,453$990$658$428$274$86
35 years$1,396$939$615$394$249$75
36 years$1,342$891$575$363$225$65
37 years$1,291$846$539$335$204$57
38 years$1,244$804$504$308$185$49
39 years$1,198$765$473$284$168$43
40 years$1,155$728$443$262$152$37
41 years$1,115$693$415$242$138$32
42 years$1,076$660$390$223$125$28
43 years$1,039$629$366$206$114$24
44 years$1,004$599$343$190$103$21
45 years$971$571$322$176$94$18
46 years$939$545$303$162$85$16
47 years$908$520$284$150$77$14
48 years$879$497$267$139$70$12
49 years$852$474$251$128$64$11
50 years$825$453$236$118$58$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $845,000, adding $2,282 every year, while hoping to spend $22,925 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: 46/42/12 Blend
60$845,000$845,000$845,000$845,000
61$933,544$888,759$875,661$973,233
62$1,004,373$907,916$880,604$1,020,104
63$1,081,659$927,244$884,944$1,068,390
64$1,166,035$946,726$888,637$1,120,260
65$1,258,201$966,345$891,635$1,176,054
66$1,358,923$986,082$893,892$1,236,149
67$1,469,050$1,005,916$895,353$1,300,956
68$1,589,512$1,025,825$895,967$1,370,933
69$1,721,336$1,045,785$895,676$1,446,581
70$1,865,652$1,065,767$894,420$1,528,454
71$2,023,702$1,085,744$892,137$1,617,161
72$2,196,859$1,105,684$888,762$1,713,377
73$2,386,629$1,125,554$884,227$1,817,842
74$2,594,675$1,145,316$878,459$1,931,374
75$2,822,828$1,164,932$871,382$2,054,873
76$3,073,102$1,184,359$862,919$2,189,334
77$3,347,717$1,203,552$852,986$2,335,851
78$3,649,120$1,222,462$841,497$2,495,632
79$3,980,005$1,241,036$828,361$2,670,009
80$4,343,337$1,259,219$813,483$2,860,448
81$4,742,387$1,276,950$796,764$3,068,569
82$5,180,755$1,294,165$778,100$3,296,155
83$5,662,407$1,310,795$757,382$3,545,174
84$6,191,714$1,326,765$734,496$3,817,794
85$6,773,491$1,341,999$709,324$4,116,406
86$7,413,041$1,356,410$681,740$4,443,648
87$8,116,207$1,369,911$651,614$4,802,424
88$8,889,428$1,382,404$618,811$5,195,941
89$9,739,797$1,393,789$583,188$5,627,731
90$10,675,128$1,403,956$544,597$6,101,689
91$11,704,032$1,412,791$502,882$6,622,111
92$12,835,995$1,420,170$457,881$7,193,731
93$14,081,471$1,425,962$409,424$7,821,769
94$15,451,975$1,430,029$357,334$8,511,980
95$16,960,198$1,432,222$301,426$9,270,709
96$18,620,122$1,432,384$241,507$10,104,951
97$20,447,152$1,430,348$177,375$11,022,416
98$22,458,264$1,425,938$108,820$12,031,607
99$24,672,163$1,418,965$35,621$13,141,894
100$27,109,459$1,409,230$0$14,363,610