Can I retire at age 61 with 851,000?

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 $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%18.6%
1 years$70,275$69,649$69,038$68,442$67,860$65,504
2 years$34,789$34,142$33,514$32,905$32,314$29,965
3 years$22,963$22,312$21,686$21,082$20,501$18,233
4 years$17,050$16,402$15,782$15,189$14,622$12,451
5 years$13,504$12,859$12,247$11,666$11,115$9,048
6 years$11,140$10,500$9,897$9,330$8,795$6,833
7 years$9,453$8,818$8,225$7,670$7,153$5,296
8 years$8,188$7,559$6,975$6,435$5,934$4,180
9 years$7,204$6,581$6,008$5,481$4,997$3,345
10 years$6,418$5,801$5,238$4,725$4,258$2,704
11 years$5,775$5,164$4,611$4,112$3,662$2,203
12 years$5,240$4,635$4,092$3,607$3,173$1,806
13 years$4,787$4,189$3,656$3,184$2,767$1,488
14 years$4,399$3,808$3,285$2,826$2,426$1,231
15 years$4,064$3,478$2,966$2,521$2,136$1,022
16 years$3,770$3,191$2,689$2,257$1,888$851
17 years$3,512$2,939$2,447$2,028$1,674$709
18 years$3,282$2,716$2,234$1,828$1,488$593
19 years$3,077$2,517$2,045$1,651$1,326$496
20 years$2,892$2,339$1,877$1,496$1,185$416
21 years$2,726$2,179$1,726$1,357$1,060$349
22 years$2,574$2,034$1,591$1,234$950$293
23 years$2,436$1,902$1,469$1,124$853$246
24 years$2,310$1,782$1,359$1,025$767$207
25 years$2,194$1,672$1,258$936$690$174
26 years$2,087$1,572$1,167$856$622$146
27 years$1,988$1,479$1,084$784$560$123
28 years$1,897$1,394$1,007$718$506$104
29 years$1,812$1,315$938$658$457$87
30 years$1,732$1,242$873$604$413$73
31 years$1,658$1,174$814$555$373$62
32 years$1,589$1,111$760$510$337$52
33 years$1,524$1,052$709$469$305$44
34 years$1,463$997$663$431$276$37
35 years$1,406$946$620$397$250$31
36 years$1,352$898$580$366$227$26
37 years$1,301$852$542$337$206$22
38 years$1,252$810$508$311$186$19
39 years$1,207$770$476$286$169$16
40 years$1,163$733$446$264$153$13
41 years$1,122$698$418$244$139$11
42 years$1,083$664$392$225$126$9
43 years$1,046$633$368$208$115$8
44 years$1,011$603$346$192$104$7
45 years$977$575$325$177$94$6
46 years$945$549$305$164$86$5
47 years$915$524$286$151$78$4
48 years$886$500$269$140$71$3
49 years$858$478$253$129$64$3
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 $3,574 every year, while hoping to spend $23,688 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: 51/41/8 Blend
60$851,000$851,000$851,000$851,000
61$941,489$896,386$883,195$987,409
62$1,012,317$915,105$887,578$1,037,789
63$1,089,575$933,947$891,314$1,089,682
64$1,173,895$952,894$894,357$1,145,534
65$1,265,971$971,924$896,656$1,205,720
66$1,366,567$991,016$898,161$1,270,658
67$1,476,526$1,010,144$898,818$1,340,805
68$1,596,772$1,029,282$898,570$1,416,666
69$1,728,328$1,048,402$897,357$1,498,798
70$1,872,316$1,067,472$895,117$1,587,813
71$2,029,974$1,086,460$891,785$1,684,386
72$2,202,663$1,105,328$887,291$1,789,263
73$2,391,883$1,124,038$881,565$1,903,263
74$2,599,288$1,142,548$874,529$2,027,291
75$2,826,696$1,160,813$866,106$2,162,344
76$3,076,111$1,178,786$856,213$2,309,521
77$3,349,741$1,196,413$844,763$2,470,033
78$3,650,017$1,213,639$831,665$2,645,215
79$3,979,617$1,230,406$816,824$2,836,538
80$4,341,491$1,246,649$800,141$3,045,626
81$4,738,889$1,262,301$781,512$3,274,267
82$5,175,391$1,277,288$760,827$3,524,432
83$5,654,939$1,291,534$737,973$3,798,296
84$6,181,878$1,304,955$712,831$4,098,254
85$6,760,995$1,317,463$685,276$4,426,947
86$7,397,561$1,328,963$655,177$4,787,289
87$8,097,386$1,339,356$622,399$5,182,489
88$8,866,869$1,348,534$586,799$5,616,087
89$9,713,061$1,356,383$548,229$6,091,984
90$10,643,730$1,362,783$506,531$6,614,481
91$11,667,436$1,367,605$461,546$7,188,320
92$12,793,608$1,370,711$413,101$7,818,728
93$14,032,637$1,371,957$361,020$8,511,467
94$15,395,970$1,371,187$305,119$9,272,889
95$16,896,221$1,368,237$245,203$10,109,998
96$18,547,289$1,362,934$181,070$11,030,513
97$20,364,486$1,355,092$112,510$12,042,943
98$22,364,687$1,344,514$39,302$13,156,670
99$24,566,484$1,330,994$0$14,382,034
100$26,990,362$1,314,310$0$15,733,749