Can I retire at age 61 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$69,862$69,240$68,632$68,040$67,461$66,289
2 years$34,585$33,941$33,317$32,711$32,124$30,947
3 years$22,828$22,181$21,558$20,959$20,381$19,236
4 years$16,950$16,305$15,689$15,099$14,536$13,431
5 years$13,425$12,784$12,175$11,598$11,050$9,989
6 years$11,075$10,439$9,839$9,275$8,743$7,727
7 years$9,397$8,766$8,177$7,625$7,111$6,140
8 years$8,140$7,514$6,934$6,397$5,899$4,973
9 years$7,162$6,543$5,973$5,449$4,968$4,086
10 years$6,380$5,767$5,207$4,697$4,233$3,395
11 years$5,741$5,134$4,584$4,088$3,640$2,845
12 years$5,209$4,608$4,068$3,585$3,155$2,401
13 years$4,759$4,164$3,635$3,165$2,751$2,038
14 years$4,373$3,785$3,266$2,810$2,411$1,738
15 years$4,040$3,458$2,949$2,506$2,123$1,487
16 years$3,748$3,173$2,673$2,244$1,877$1,277
17 years$3,491$2,922$2,433$2,016$1,664$1,100
18 years$3,263$2,700$2,221$1,817$1,479$949
19 years$3,059$2,502$2,033$1,642$1,319$821
20 years$2,875$2,325$1,866$1,487$1,178$711
21 years$2,710$2,166$1,716$1,349$1,054$617
22 years$2,559$2,022$1,582$1,227$945$536
23 years$2,422$1,891$1,460$1,117$848$466
24 years$2,296$1,772$1,351$1,019$762$406
25 years$2,181$1,663$1,251$931$686$353
26 years$2,075$1,563$1,160$851$618$308
27 years$1,977$1,471$1,077$779$557$269
28 years$1,886$1,386$1,002$714$503$234
29 years$1,801$1,307$932$654$454$205
30 years$1,722$1,235$868$601$410$179
31 years$1,648$1,167$809$552$371$156
32 years$1,580$1,104$755$507$335$136
33 years$1,515$1,046$705$466$304$119
34 years$1,454$991$659$429$275$104
35 years$1,397$940$616$395$249$91
36 years$1,344$892$576$364$226$80
37 years$1,293$847$539$335$204$70
38 years$1,245$805$505$309$185$61
39 years$1,200$766$473$285$168$53
40 years$1,157$729$443$263$152$47
41 years$1,116$694$416$242$138$41
42 years$1,077$661$390$224$125$36
43 years$1,040$629$366$206$114$31
44 years$1,005$600$344$191$103$27
45 years$972$572$323$176$94$24
46 years$940$546$303$163$85$21
47 years$909$521$285$150$77$18
48 years$880$497$268$139$70$16
49 years$853$475$251$128$64$14
50 years$826$454$236$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $846,000, adding $6,441 every year, while hoping to spend $38,045 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: 52/26/22 Blend
60$846,000$846,000$846,000$846,000
61$938,936$894,098$880,985$981,728
62$994,228$897,429$870,018$1,015,274
63$1,053,884$899,648$857,409$1,047,291
64$1,118,311$900,661$843,062$1,081,321
65$1,187,952$900,367$826,878$1,117,567
66$1,263,296$898,659$808,753$1,156,258
67$1,344,883$895,424$788,576$1,197,646
68$1,433,303$890,541$766,235$1,242,011
69$1,529,205$883,883$741,609$1,289,664
70$1,633,305$875,314$714,574$1,340,950
71$1,746,389$864,691$685,000$1,396,250
72$1,869,322$851,863$652,749$1,455,987
73$2,003,056$836,667$617,678$1,520,630
74$2,148,636$818,932$579,640$1,590,699
75$2,307,216$798,479$538,476$1,666,769
76$2,480,063$775,115$494,026$1,749,478
77$2,668,572$748,638$446,118$1,839,531
78$2,874,278$718,833$394,575$1,937,709
79$3,098,872$685,474$339,211$2,044,877
80$3,344,214$648,319$279,832$2,161,991
81$3,612,353$607,116$216,235$2,290,111
82$3,905,543$561,595$148,209$2,430,406
83$4,226,268$511,472$75,533$2,584,173
84$4,577,261$456,448$0$2,752,843
85$4,961,532$396,204$0$2,938,477
86$5,382,397$330,407$0$3,161,303
87$5,843,506$258,701$0$3,405,566
88$6,348,879$180,713$0$3,673,467
89$6,902,945$96,048$0$3,967,437
90$7,510,579$4,289$0$4,290,155
91$8,177,153$0$0$4,644,578
92$8,908,584$0$0$5,061,152
93$9,711,387$0$0$5,519,810
94$10,592,741$0$0$6,023,437
95$11,560,554$0$0$6,576,564
96$12,623,535$0$0$7,184,179
97$13,791,279$0$0$7,851,781
98$15,074,358$0$0$8,585,425
99$16,484,417$0$0$9,391,782
100$18,034,285$0$0$10,278,203