Can I retire at age 61 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$70,357$69,731$69,119$68,522$67,940$67,455
2 years$34,830$34,182$33,553$32,943$32,352$31,863
3 years$22,990$22,338$21,711$21,107$20,526$20,048
4 years$17,070$16,421$15,800$15,207$14,639$14,176
5 years$13,520$12,874$12,262$11,680$11,128$10,682
6 years$11,153$10,513$9,909$9,341$8,805$8,375
7 years$9,464$8,829$8,235$7,679$7,161$6,748
8 years$8,197$7,568$6,984$6,442$5,941$5,545
9 years$7,213$6,589$6,015$5,487$5,003$4,624
10 years$6,425$5,808$5,244$4,730$4,263$3,900
11 years$5,782$5,170$4,617$4,117$3,666$3,320
12 years$5,246$4,641$4,097$3,611$3,177$2,847
13 years$4,793$4,194$3,661$3,188$2,770$2,456
14 years$4,405$3,812$3,289$2,830$2,429$2,129
15 years$4,068$3,482$2,970$2,524$2,138$1,854
16 years$3,775$3,195$2,692$2,260$1,890$1,620
17 years$3,516$2,943$2,450$2,030$1,676$1,419
18 years$3,286$2,719$2,236$1,830$1,490$1,247
19 years$3,080$2,520$2,047$1,653$1,328$1,098
20 years$2,896$2,342$1,879$1,497$1,186$969
21 years$2,729$2,181$1,728$1,359$1,062$857
22 years$2,577$2,036$1,593$1,236$951$758
23 years$2,439$1,904$1,471$1,125$854$672
24 years$2,313$1,784$1,360$1,026$768$596
25 years$2,197$1,674$1,260$937$691$530
26 years$2,090$1,574$1,168$857$622$471
27 years$1,991$1,481$1,085$784$561$419
28 years$1,899$1,396$1,009$719$506$373
29 years$1,814$1,317$939$659$457$332
30 years$1,734$1,243$874$605$413$296
31 years$1,660$1,175$815$556$373$264
32 years$1,591$1,112$760$511$338$236
33 years$1,526$1,053$710$469$306$210
34 years$1,465$998$663$432$277$188
35 years$1,407$947$620$398$251$168
36 years$1,353$899$580$366$227$150
37 years$1,302$853$543$337$206$134
38 years$1,254$811$509$311$187$120
39 years$1,208$771$476$287$169$107
40 years$1,165$734$447$265$154$96
41 years$1,124$699$419$244$139$85
42 years$1,085$665$393$225$126$76
43 years$1,048$634$369$208$115$68
44 years$1,012$604$346$192$104$61
45 years$979$576$325$177$95$55
46 years$947$550$305$164$86$49
47 years$916$525$287$151$78$44
48 years$887$501$269$140$71$39
49 years$859$478$253$129$64$35
50 years$832$457$238$119$58$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $852,000, adding $5,904 every year, while hoping to spend $37,264 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: 86/6/8 Blend
60$852,000$852,000$852,000$852,000
61$944,994$899,838$886,632$1,024,964
62$1,001,735$904,281$876,686$1,082,465
63$1,063,014$907,694$865,157$1,139,919
64$1,129,256$909,985$851,954$1,201,870
65$1,200,925$911,059$836,980$1,268,746
66$1,278,534$910,816$820,133$1,341,017
67$1,362,645$909,147$801,308$1,419,202
68$1,453,878$905,937$780,394$1,503,869
69$1,552,911$901,066$757,276$1,595,648
70$1,660,494$894,404$731,831$1,695,228
71$1,777,450$885,816$703,932$1,803,372
72$1,904,685$875,155$673,449$1,920,917
73$2,043,194$862,269$640,241$2,048,787
74$2,194,074$846,995$604,163$2,188,000
75$2,358,533$829,161$565,066$2,339,674
76$2,537,896$808,583$522,789$2,505,045
77$2,733,627$785,069$477,168$2,685,471
78$2,947,334$758,415$428,030$2,882,450
79$3,180,788$728,402$375,194$3,097,633
80$3,435,937$694,803$318,473$3,332,836
81$3,714,930$657,376$257,668$3,590,064
82$4,020,128$615,862$192,575$3,871,522
83$4,354,134$569,993$122,980$4,179,642
84$4,719,813$519,480$48,657$4,517,102
85$5,120,321$464,021$0$4,886,856
86$5,559,132$403,296$0$5,294,773
87$6,040,072$336,966$0$5,746,423
88$6,567,356$264,674$0$6,241,620
89$7,145,626$186,043$0$6,784,739
90$7,779,994$100,673$0$7,380,600
91$8,476,091$8,144$0$8,034,513
92$9,240,121$0$0$8,752,329
93$10,078,914$0$0$9,546,567
94$10,999,998$0$0$10,419,326
95$12,011,663$0$0$11,377,925
96$13,123,042$0$0$12,431,019
97$14,344,197$0$0$13,588,145
98$15,686,212$0$0$14,859,806
99$17,161,298$0$0$16,257,575
100$18,782,908$0$0$17,794,201