Can I retire at age 61 with 849,000?

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 $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%12.5%
1 years$70,110$69,485$68,876$68,281$67,700$66,993
2 years$34,708$34,061$33,435$32,827$32,238$31,526
3 years$22,909$22,259$21,635$21,033$20,453$19,758
4 years$17,010$16,363$15,744$15,153$14,587$13,915
5 years$13,472$12,829$12,218$11,639$11,089$10,441
6 years$11,114$10,476$9,874$9,308$8,774$8,152
7 years$9,431$8,797$8,206$7,652$7,136$6,539
8 years$8,168$7,541$6,959$6,419$5,920$5,348
9 years$7,187$6,566$5,994$5,468$4,985$4,439
10 years$6,403$5,787$5,225$4,713$4,248$3,726
11 years$5,761$5,152$4,600$4,102$3,653$3,156
12 years$5,227$4,624$4,083$3,598$3,166$2,693
13 years$4,776$4,179$3,648$3,177$2,761$2,311
14 years$4,389$3,799$3,277$2,820$2,420$1,993
15 years$4,054$3,470$2,959$2,515$2,131$1,726
16 years$3,761$3,184$2,683$2,252$1,883$1,500
17 years$3,503$2,932$2,441$2,023$1,670$1,307
18 years$3,274$2,709$2,229$1,823$1,485$1,142
19 years$3,070$2,511$2,040$1,647$1,323$1,000
20 years$2,885$2,333$1,872$1,492$1,182$877
21 years$2,719$2,174$1,722$1,354$1,058$771
22 years$2,568$2,029$1,587$1,231$948$678
23 years$2,431$1,898$1,466$1,121$851$598
24 years$2,305$1,778$1,355$1,023$765$527
25 years$2,189$1,668$1,255$934$688$465
26 years$2,082$1,568$1,164$854$620$411
27 years$1,984$1,476$1,081$782$559$363
28 years$1,892$1,391$1,005$716$504$321
29 years$1,807$1,312$935$657$455$284
30 years$1,728$1,239$871$603$412$252
31 years$1,654$1,171$812$554$372$223
32 years$1,585$1,108$758$509$337$198
33 years$1,520$1,049$708$468$305$175
34 years$1,460$995$661$430$276$156
35 years$1,402$943$618$396$250$138
36 years$1,348$895$578$365$226$122
37 years$1,298$850$541$336$205$109
38 years$1,249$808$507$310$186$96
39 years$1,204$769$475$286$169$86
40 years$1,161$731$445$264$153$76
41 years$1,120$696$417$243$139$67
42 years$1,081$663$391$224$126$60
43 years$1,044$632$367$207$114$53
44 years$1,009$602$345$191$104$47
45 years$975$574$324$177$94$42
46 years$943$548$304$163$86$37
47 years$913$523$286$151$78$33
48 years$884$499$268$139$71$29
49 years$856$476$252$129$64$26
50 years$829$455$237$119$58$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $849,000, adding $5,780 every year, while hoping to spend $47,191 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: 38/36/26 Blend
60$849,000$849,000$849,000$849,000
61$941,560$896,563$883,404$969,857
62$987,388$890,284$862,787$984,794
63$1,036,309$882,115$839,898$996,148
64$1,088,589$871,915$814,610$1,007,500
65$1,144,518$859,532$786,793$1,018,879
66$1,204,416$844,806$756,308$1,030,323
67$1,268,634$827,569$723,011$1,041,874
68$1,337,554$807,639$686,751$1,053,586
69$1,411,599$784,828$647,372$1,065,521
70$1,491,232$758,934$604,709$1,077,754
71$1,576,960$729,745$558,589$1,090,369
72$1,669,342$697,034$508,834$1,103,468
73$1,768,990$660,563$455,254$1,117,167
74$1,876,577$620,081$397,656$1,131,600
75$1,992,843$575,321$335,832$1,146,921
76$2,118,601$526,000$269,571$1,163,307
77$2,254,746$471,820$198,649$1,180,960
78$2,402,258$412,468$122,831$1,200,110
79$2,562,218$347,609$41,877$1,221,017
80$2,735,815$276,893$0$1,243,980
81$2,924,355$199,947$0$1,281,682
82$3,129,275$116,380$0$1,335,356
83$3,352,155$25,777$0$1,393,875
84$3,594,736$0$0$1,457,803
85$3,858,930$0$0$1,556,407
86$4,146,845$0$0$1,675,098
87$4,460,798$0$0$1,804,634
88$4,803,339$0$0$1,946,080
89$5,177,278$0$0$2,100,612
90$5,585,703$0$0$2,269,520
91$6,032,020$0$0$2,454,229
92$6,519,972$0$0$2,656,304
93$7,053,685$0$0$2,877,471
94$7,637,700$0$0$3,119,628
95$8,277,018$0$0$3,384,869
96$8,977,145$0$0$3,675,496
97$9,744,145$0$0$3,994,046
98$10,584,695$0$0$4,343,313
99$11,506,151$0$0$4,726,374
100$12,516,613$0$0$5,146,619