Can I retire at age 61 with 845,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.3%
1 years$69,779$69,158$68,551$67,959$67,381$66,184
2 years$34,544$33,901$33,277$32,673$32,086$30,884
3 years$22,801$22,155$21,533$20,934$20,357$19,187
4 years$16,930$16,286$15,670$15,082$14,519$13,390
5 years$13,409$12,768$12,161$11,584$11,037$9,953
6 years$11,062$10,426$9,828$9,264$8,733$7,695
7 years$9,386$8,756$8,167$7,616$7,102$6,111
8 years$8,130$7,506$6,926$6,389$5,892$4,947
9 years$7,153$6,535$5,965$5,442$4,962$4,062
10 years$6,373$5,760$5,201$4,691$4,228$3,373
11 years$5,734$5,128$4,579$4,083$3,636$2,825
12 years$5,203$4,603$4,064$3,581$3,151$2,383
13 years$4,753$4,159$3,630$3,162$2,748$2,021
14 years$4,368$3,781$3,262$2,807$2,409$1,722
15 years$4,035$3,454$2,945$2,503$2,121$1,473
16 years$3,744$3,169$2,670$2,241$1,874$1,264
17 years$3,487$2,918$2,430$2,014$1,662$1,088
18 years$3,259$2,697$2,218$1,815$1,478$938
19 years$3,055$2,499$2,031$1,640$1,317$811
20 years$2,872$2,322$1,864$1,485$1,176$702
21 years$2,706$2,163$1,714$1,348$1,053$608
22 years$2,556$2,019$1,580$1,225$944$528
23 years$2,419$1,889$1,459$1,116$847$459
24 years$2,294$1,770$1,349$1,018$761$399
25 years$2,179$1,661$1,249$930$685$347
26 years$2,072$1,561$1,159$850$617$302
27 years$1,974$1,469$1,076$778$556$263
28 years$1,883$1,384$1,000$713$502$230
29 years$1,799$1,306$931$654$453$200
30 years$1,720$1,233$867$600$410$175
31 years$1,647$1,166$808$551$370$153
32 years$1,578$1,103$754$506$335$133
33 years$1,513$1,045$704$466$303$116
34 years$1,453$990$658$428$274$102
35 years$1,396$939$615$394$249$89
36 years$1,342$891$575$363$225$78
37 years$1,291$846$539$335$204$68
38 years$1,244$804$504$308$185$59
39 years$1,198$765$473$284$168$52
40 years$1,155$728$443$262$152$45
41 years$1,115$693$415$242$138$40
42 years$1,076$660$390$223$125$35
43 years$1,039$629$366$206$114$30
44 years$1,004$599$343$190$103$27
45 years$971$571$322$176$94$23
46 years$939$545$303$162$85$20
47 years$908$520$284$150$77$18
48 years$879$497$267$139$70$16
49 years$852$474$251$128$64$14
50 years$825$453$236$118$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $845,000, adding $4,423 every year, while hoping to spend $36,144 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: 30/42/28 Blend
60$845,000$845,000$845,000$845,000
61$935,752$890,967$877,870$955,664
62$992,742$896,168$868,822$976,783
63$1,054,333$900,412$858,259$996,031
64$1,120,958$903,614$846,093$1,016,023
65$1,193,089$905,684$832,230$1,036,848
66$1,271,247$906,526$816,573$1,058,608
67$1,356,007$906,039$799,021$1,081,419
68$1,447,997$904,112$779,466$1,105,409
69$1,547,911$900,632$757,796$1,130,725
70$1,656,512$895,477$733,896$1,157,531
71$1,774,637$888,516$707,642$1,186,014
72$1,903,209$879,613$678,908$1,216,379
73$2,043,244$868,621$647,559$1,248,860
74$2,195,859$855,387$613,456$1,283,718
75$2,362,283$839,748$576,453$1,321,246
76$2,543,869$821,528$536,397$1,361,770
77$2,742,106$800,546$493,129$1,405,655
78$2,958,635$776,607$446,483$1,453,311
79$3,195,261$749,505$396,285$1,505,193
80$3,453,969$719,023$342,352$1,561,809
81$3,736,949$684,930$284,496$1,623,728
82$4,046,609$646,983$222,518$1,691,580
83$4,385,602$604,924$156,211$1,766,069
84$4,756,848$558,480$85,359$1,847,978
85$5,163,565$507,365$9,737$1,938,180
86$5,609,296$451,272$0$2,037,643
87$6,097,940$389,880$0$2,168,645
88$6,633,796$322,851$0$2,315,665
89$7,221,596$249,823$0$2,477,197
90$7,866,553$170,418$0$2,654,795
91$8,574,408$84,236$0$2,850,181
92$9,351,487$0$0$3,065,259
93$10,204,757$0$0$3,306,363
94$11,141,892$0$0$3,614,059
95$12,171,346$0$0$3,952,209
96$13,302,434$0$0$4,323,890
97$14,545,415$0$0$4,732,492
98$15,911,593$0$0$5,181,749
99$17,413,422$0$0$5,675,777
100$19,064,621$0$0$6,219,109