Can I retire at age 61 with 850,000?

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 $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%12.4%
1 years$70,192$69,567$68,957$68,362$67,780$67,100
2 years$34,749$34,101$33,474$32,866$32,276$31,591
3 years$22,936$22,286$21,660$21,058$20,477$19,809
4 years$17,030$16,382$15,763$15,171$14,605$13,958
5 years$13,488$12,844$12,233$11,653$11,102$10,479
6 years$11,127$10,488$9,886$9,319$8,785$8,185
7 years$9,442$8,808$8,215$7,661$7,144$6,569
8 years$8,178$7,550$6,967$6,427$5,927$5,376
9 years$7,196$6,574$6,001$5,474$4,991$4,465
10 years$6,410$5,794$5,232$4,719$4,253$3,750
11 years$5,768$5,158$4,606$4,107$3,658$3,179
12 years$5,234$4,630$4,088$3,602$3,170$2,714
13 years$4,781$4,184$3,652$3,180$2,764$2,330
14 years$4,394$3,803$3,281$2,823$2,423$2,011
15 years$4,059$3,474$2,963$2,518$2,133$1,743
16 years$3,766$3,188$2,686$2,254$1,885$1,515
17 years$3,507$2,936$2,444$2,026$1,672$1,322
18 years$3,278$2,713$2,231$1,825$1,486$1,156
19 years$3,073$2,514$2,043$1,649$1,325$1,013
20 years$2,889$2,336$1,875$1,494$1,183$889
21 years$2,722$2,176$1,724$1,356$1,059$782
22 years$2,571$2,031$1,589$1,233$949$688
23 years$2,433$1,900$1,467$1,123$852$607
24 years$2,307$1,780$1,357$1,024$766$536
25 years$2,191$1,670$1,257$935$689$473
26 years$2,085$1,570$1,166$855$621$418
27 years$1,986$1,478$1,082$783$560$370
28 years$1,894$1,392$1,006$717$505$328
29 years$1,809$1,313$936$658$456$290
30 years$1,730$1,240$872$603$412$257
31 years$1,656$1,173$813$554$373$228
32 years$1,587$1,109$759$509$337$202
33 years$1,522$1,051$708$468$305$180
34 years$1,461$996$662$431$276$159
35 years$1,404$945$619$397$250$141
36 years$1,350$897$579$365$227$126
37 years$1,299$851$542$337$205$112
38 years$1,251$809$507$310$186$99
39 years$1,205$769$475$286$169$88
40 years$1,162$732$446$264$153$78
41 years$1,121$697$418$243$139$70
42 years$1,082$664$392$225$126$62
43 years$1,045$632$368$207$114$55
44 years$1,010$603$345$192$104$49
45 years$976$575$324$177$94$43
46 years$944$548$304$163$86$39
47 years$914$523$286$151$78$34
48 years$885$500$269$139$71$31
49 years$857$477$253$129$64$27
50 years$830$456$238$119$58$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $850,000, adding $4,530 every year, while hoping to spend $46,607 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: 46/44/10 Blend
60$850,000$850,000$850,000$850,000
61$941,373$896,323$883,148$981,845
62$987,803$890,653$863,144$1,004,595
63$1,037,408$883,143$840,907$1,024,088
64$1,090,460$873,655$816,315$1,044,176
65$1,147,262$862,039$789,237$1,064,930
66$1,208,144$848,140$759,537$1,086,430
67$1,273,467$831,791$727,074$1,108,770
68$1,343,629$812,817$691,699$1,132,054
69$1,419,066$791,032$653,258$1,156,401
70$1,500,256$766,238$611,588$1,181,947
71$1,587,727$738,228$566,520$1,208,845
72$1,682,054$706,780$517,877$1,237,268
73$1,783,872$671,661$465,475$1,267,409
74$1,893,879$632,624$409,120$1,299,489
75$2,012,840$589,408$348,611$1,333,756
76$2,141,597$541,736$283,737$1,370,485
77$2,281,076$489,318$214,278$1,409,990
78$2,432,294$431,843$140,006$1,452,620
79$2,596,372$368,987$60,679$1,498,768
80$2,774,538$300,403$0$1,548,873
81$2,968,148$225,730$0$1,605,984
82$3,178,690$144,581$0$1,675,168
83$3,407,802$56,552$0$1,750,587
84$3,657,288$0$0$1,832,958
85$3,929,131$0$0$1,941,855
86$4,225,514$0$0$2,090,526
87$4,548,840$0$0$2,252,805
88$4,901,754$0$0$2,430,032
89$5,287,166$0$0$2,623,680
90$5,708,281$0$0$2,835,372
91$6,168,628$0$0$3,066,895
92$6,672,090$0$0$3,320,217
93$7,222,944$0$0$3,597,503
94$7,825,900$0$0$3,901,139
95$8,486,144$0$0$4,233,752
96$9,209,385$0$0$4,598,234
97$10,001,913$0$0$4,997,771
98$10,870,653$0$0$5,435,872
99$11,823,235$0$0$5,916,403
100$12,868,058$0$0$6,443,618