Can I retire at age 61 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$70,275$69,649$69,038$68,442$67,860$65,245
2 years$34,789$34,142$33,514$32,905$32,314$29,711
3 years$22,963$22,312$21,686$21,082$20,501$17,992
4 years$17,050$16,402$15,782$15,189$14,622$12,225
5 years$13,504$12,859$12,247$11,666$11,115$8,837
6 years$11,140$10,500$9,897$9,330$8,795$6,637
7 years$9,453$8,818$8,225$7,670$7,153$5,114
8 years$8,188$7,559$6,975$6,435$5,934$4,013
9 years$7,204$6,581$6,008$5,481$4,997$3,191
10 years$6,418$5,801$5,238$4,725$4,258$2,564
11 years$5,775$5,164$4,611$4,112$3,662$2,075
12 years$5,240$4,635$4,092$3,607$3,173$1,690
13 years$4,787$4,189$3,656$3,184$2,767$1,383
14 years$4,399$3,808$3,285$2,826$2,426$1,136
15 years$4,064$3,478$2,966$2,521$2,136$937
16 years$3,770$3,191$2,689$2,257$1,888$774
17 years$3,512$2,939$2,447$2,028$1,674$641
18 years$3,282$2,716$2,234$1,828$1,488$531
19 years$3,077$2,517$2,045$1,651$1,326$441
20 years$2,892$2,339$1,877$1,496$1,185$367
21 years$2,726$2,179$1,726$1,357$1,060$305
22 years$2,574$2,034$1,591$1,234$950$254
23 years$2,436$1,902$1,469$1,124$853$212
24 years$2,310$1,782$1,359$1,025$767$177
25 years$2,194$1,672$1,258$936$690$147
26 years$2,087$1,572$1,167$856$622$123
27 years$1,988$1,479$1,084$784$560$103
28 years$1,897$1,394$1,007$718$506$86
29 years$1,812$1,315$938$658$457$72
30 years$1,732$1,242$873$604$413$60
31 years$1,658$1,174$814$555$373$50
32 years$1,589$1,111$760$510$337$42
33 years$1,524$1,052$709$469$305$35
34 years$1,463$997$663$431$276$29
35 years$1,406$946$620$397$250$24
36 years$1,352$898$580$366$227$20
37 years$1,301$852$542$337$206$17
38 years$1,252$810$508$311$186$14
39 years$1,207$770$476$286$169$12
40 years$1,163$733$446$264$153$10
41 years$1,122$698$418$244$139$8
42 years$1,083$664$392$225$126$7
43 years$1,046$633$368$208$115$6
44 years$1,011$603$346$192$104$5
45 years$977$575$325$177$94$4
46 years$945$549$305$164$86$3
47 years$915$524$286$151$78$3
48 years$886$500$269$140$71$2
49 years$858$478$253$129$64$2
50 years$831$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $851,000, adding $6,871 every year, while hoping to spend $41,072 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: 75/20/5 Blend
60$851,000$851,000$851,000$851,000
61$944,889$899,786$886,596$1,014,918
62$997,568$900,176$872,597$1,062,283
63$1,054,243$899,207$856,752$1,108,224
64$1,115,279$896,772$838,956$1,157,364
65$1,181,076$892,752$819,100$1,210,005
66$1,252,074$887,025$797,067$1,266,477
67$1,328,754$879,459$772,739$1,327,147
68$1,411,649$869,914$745,987$1,392,416
69$1,501,341$858,244$716,682$1,462,729
70$1,598,472$844,291$684,684$1,538,577
71$1,703,745$827,891$649,850$1,620,500
72$1,817,937$808,867$612,030$1,709,094
73$1,941,899$787,034$571,065$1,805,017
74$2,076,569$762,195$526,792$1,908,992
75$2,222,978$734,141$479,039$2,021,822
76$2,382,260$702,653$427,625$2,144,387
77$2,555,665$667,497$372,365$2,277,662
78$2,744,565$628,426$313,061$2,422,719
79$2,950,471$585,180$249,509$2,580,742
80$3,175,048$537,482$181,497$2,753,038
81$3,420,126$485,042$108,800$2,941,048
82$3,687,720$427,550$31,186$3,146,361
83$3,980,049$364,682$0$3,370,729
84$4,299,556$296,093$0$3,618,841
85$4,648,928$221,420$0$3,892,031
86$5,031,128$140,278$0$4,190,997
87$5,449,414$52,263$0$4,518,350
88$5,907,377$0$0$4,876,967
89$6,408,968$0$0$5,279,495
90$6,958,541$0$0$5,733,166
91$7,560,891$0$0$6,230,439
92$8,221,296$0$0$6,775,677
93$8,945,573$0$0$7,373,686
94$9,740,125$0$0$8,029,758
95$10,612,008$0$0$8,749,725
96$11,568,992$0$0$9,540,008
97$12,619,637$0$0$10,407,681
98$13,773,372$0$0$11,360,536
99$15,040,584$0$0$12,407,157
100$16,432,715$0$0$13,557,000