Can I retire at age 61 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$70,110$69,485$68,876$68,281$67,700$67,302
2 years$34,708$34,061$33,435$32,827$32,238$31,836
3 years$22,909$22,259$21,635$21,033$20,453$20,060
4 years$17,010$16,363$15,744$15,153$14,587$14,206
5 years$13,472$12,829$12,218$11,639$11,089$10,721
6 years$11,114$10,476$9,874$9,308$8,774$8,420
7 years$9,431$8,797$8,206$7,652$7,136$6,795
8 years$8,168$7,541$6,959$6,419$5,920$5,593
9 years$7,187$6,566$5,994$5,468$4,985$4,672
10 years$6,403$5,787$5,225$4,713$4,248$3,948
11 years$5,761$5,152$4,600$4,102$3,653$3,367
12 years$5,227$4,624$4,083$3,598$3,166$2,892
13 years$4,776$4,179$3,648$3,177$2,761$2,500
14 years$4,389$3,799$3,277$2,820$2,420$2,172
15 years$4,054$3,470$2,959$2,515$2,131$1,895
16 years$3,761$3,184$2,683$2,252$1,883$1,659
17 years$3,503$2,932$2,441$2,023$1,670$1,457
18 years$3,274$2,709$2,229$1,823$1,485$1,283
19 years$3,070$2,511$2,040$1,647$1,323$1,132
20 years$2,885$2,333$1,872$1,492$1,182$1,001
21 years$2,719$2,174$1,722$1,354$1,058$887
22 years$2,568$2,029$1,587$1,231$948$787
23 years$2,431$1,898$1,466$1,121$851$699
24 years$2,305$1,778$1,355$1,023$765$622
25 years$2,189$1,668$1,255$934$688$553
26 years$2,082$1,568$1,164$854$620$493
27 years$1,984$1,476$1,081$782$559$440
28 years$1,892$1,391$1,005$716$504$392
29 years$1,807$1,312$935$657$455$350
30 years$1,728$1,239$871$603$412$313
31 years$1,654$1,171$812$554$372$280
32 years$1,585$1,108$758$509$337$250
33 years$1,520$1,049$708$468$305$224
34 years$1,460$995$661$430$276$200
35 years$1,402$943$618$396$250$179
36 years$1,348$895$578$365$226$161
37 years$1,298$850$541$336$205$144
38 years$1,249$808$507$310$186$129
39 years$1,204$769$475$286$169$116
40 years$1,161$731$445$264$153$104
41 years$1,120$696$417$243$139$93
42 years$1,081$663$391$224$126$83
43 years$1,044$632$367$207$114$75
44 years$1,009$602$345$191$104$67
45 years$975$574$324$177$94$60
46 years$943$548$304$163$86$54
47 years$913$523$286$151$78$48
48 years$884$499$268$139$71$43
49 years$856$476$252$129$64$39
50 years$829$455$237$119$58$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $849,000, adding $3,550 every year, while hoping to spend $20,420 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: 38/32/30 Blend
60$849,000$849,000$849,000$849,000
61$939,260$894,263$881,103$966,461
62$1,013,338$916,355$888,894$1,008,950
63$1,094,287$938,845$896,260$1,052,726
64$1,182,787$961,732$903,168$1,099,656
65$1,279,586$985,011$909,579$1,150,041
66$1,385,508$1,008,680$915,453$1,204,212
67$1,501,458$1,032,735$920,750$1,262,534
68$1,628,437$1,057,168$925,425$1,325,410
69$1,767,542$1,081,975$929,432$1,393,285
70$1,919,987$1,107,146$932,723$1,466,647
71$2,087,103$1,132,674$935,247$1,546,037
72$2,270,361$1,158,549$936,951$1,632,050
73$2,471,377$1,184,757$937,778$1,725,342
74$2,691,935$1,211,288$937,671$1,826,638
75$2,933,997$1,238,125$936,567$1,936,734
76$3,199,724$1,265,253$934,402$2,056,511
77$3,491,500$1,292,654$931,108$2,186,940
78$3,811,946$1,320,308$926,614$2,329,089
79$4,163,954$1,348,192$920,845$2,484,140
80$4,550,708$1,376,284$913,723$2,653,394
81$4,975,714$1,404,555$905,167$2,838,284
82$5,442,837$1,432,979$895,090$3,040,393
83$5,956,334$1,461,522$883,403$3,261,465
84$6,520,895$1,490,152$870,012$3,503,424
85$7,141,687$1,518,830$854,819$3,768,390
86$7,824,403$1,547,517$837,719$4,058,702
87$8,575,316$1,576,169$818,607$4,376,939
88$9,401,336$1,604,739$797,368$4,725,944
89$10,310,077$1,633,176$773,884$5,108,852
90$11,309,928$1,661,425$748,033$5,529,119
91$12,410,133$1,689,427$719,684$5,990,557
92$13,620,877$1,717,120$688,704$6,497,366
93$14,953,381$1,744,433$654,950$7,054,181
94$16,420,011$1,771,295$618,276$7,666,109
95$18,034,391$1,797,627$578,527$8,338,780
96$19,811,532$1,823,345$535,541$9,078,404
97$21,767,978$1,848,359$489,151$9,891,826
98$23,921,955$1,872,571$439,181$10,786,590
99$26,293,547$1,895,880$385,446$11,771,017
100$28,904,886$1,918,175$327,756$12,854,277