Can I retire at age 61 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$70,192$69,567$68,957$68,362$67,780$66,466
2 years$34,749$34,101$33,474$32,866$32,276$30,958
3 years$22,936$22,286$21,660$21,058$20,477$19,195
4 years$17,030$16,382$15,763$15,171$14,605$13,369
5 years$13,488$12,844$12,233$11,653$11,102$9,917
6 years$11,127$10,488$9,886$9,319$8,785$7,651
7 years$9,442$8,808$8,215$7,661$7,144$6,062
8 years$8,178$7,550$6,967$6,427$5,927$4,896
9 years$7,196$6,574$6,001$5,474$4,991$4,011
10 years$6,410$5,794$5,232$4,719$4,253$3,322
11 years$5,768$5,158$4,606$4,107$3,658$2,775
12 years$5,234$4,630$4,088$3,602$3,170$2,335
13 years$4,781$4,184$3,652$3,180$2,764$1,975
14 years$4,394$3,803$3,281$2,823$2,423$1,678
15 years$4,059$3,474$2,963$2,518$2,133$1,432
16 years$3,766$3,188$2,686$2,254$1,885$1,225
17 years$3,507$2,936$2,444$2,026$1,672$1,051
18 years$3,278$2,713$2,231$1,825$1,486$904
19 years$3,073$2,514$2,043$1,649$1,325$779
20 years$2,889$2,336$1,875$1,494$1,183$672
21 years$2,722$2,176$1,724$1,356$1,059$581
22 years$2,571$2,031$1,589$1,233$949$503
23 years$2,433$1,900$1,467$1,123$852$435
24 years$2,307$1,780$1,357$1,024$766$377
25 years$2,191$1,670$1,257$935$689$327
26 years$2,085$1,570$1,166$855$621$284
27 years$1,986$1,478$1,082$783$560$247
28 years$1,894$1,392$1,006$717$505$215
29 years$1,809$1,313$936$658$456$187
30 years$1,730$1,240$872$603$412$162
31 years$1,656$1,173$813$554$373$141
32 years$1,587$1,109$759$509$337$123
33 years$1,522$1,051$708$468$305$107
34 years$1,461$996$662$431$276$93
35 years$1,404$945$619$397$250$81
36 years$1,350$897$579$365$227$71
37 years$1,299$851$542$337$205$61
38 years$1,251$809$507$310$186$54
39 years$1,205$769$475$286$169$47
40 years$1,162$732$446$264$153$41
41 years$1,121$697$418$243$139$35
42 years$1,082$664$392$225$126$31
43 years$1,045$632$368$207$114$27
44 years$1,010$603$345$192$104$23
45 years$976$575$324$177$94$20
46 years$944$548$304$163$86$18
47 years$914$523$286$151$78$16
48 years$885$500$269$139$71$14
49 years$857$477$253$129$64$12
50 years$830$456$238$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $850,000, adding $4,196 every year, while hoping to spend $57,829 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: 78/14/8 Blend
60$850,000$850,000$850,000$850,000
61$941,028$895,978$882,803$1,013,058
62$975,483$878,351$850,847$1,043,312
63$1,011,515$857,923$815,883$1,068,565
64$1,049,222$834,494$777,748$1,094,561
65$1,088,714$807,855$736,273$1,121,348
66$1,130,106$777,784$691,282$1,148,981
67$1,173,527$744,044$642,590$1,177,518
68$1,219,112$706,389$590,002$1,207,025
69$1,267,013$664,553$533,319$1,237,577
70$1,317,392$618,260$472,329$1,269,254
71$1,370,426$567,214$406,811$1,302,147
72$1,426,306$511,105$336,536$1,336,357
73$1,485,244$449,603$261,265$1,371,997
74$1,547,467$382,362$180,745$1,409,192
75$1,613,224$309,013$94,716$1,448,081
76$1,682,788$229,170$2,904$1,488,817
77$1,756,456$142,423$0$1,531,573
78$1,834,552$48,339$0$1,584,655
79$1,917,430$0$0$1,640,952
80$2,005,477$0$0$1,708,727
81$2,099,119$0$0$1,788,741
82$2,198,818$0$0$1,873,948
83$2,305,082$0$0$1,964,782
84$2,418,467$0$0$2,061,722
85$2,539,584$0$0$2,165,290
86$2,669,099$0$0$2,276,060
87$2,807,744$0$0$2,394,661
88$2,956,323$0$0$2,521,783
89$3,115,716$0$0$2,658,181
90$3,286,889$0$0$2,804,685
91$3,470,903$0$0$2,962,208
92$3,668,922$0$0$3,131,748
93$3,882,224$0$0$3,314,404
94$4,112,214$0$0$3,511,382
95$4,360,434$0$0$3,724,008
96$4,628,580$0$0$3,953,737
97$4,918,512$0$0$4,202,170
98$5,232,279$0$0$4,471,066
99$5,572,130$0$0$4,762,357
100$5,940,540$0$0$5,078,170