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%16.1%
1 years$70,357$69,731$69,119$68,522$67,940$66,243
2 years$34,830$34,182$33,553$32,943$32,352$30,654
3 years$22,990$22,338$21,711$21,107$20,526$18,879
4 years$17,070$16,421$15,800$15,207$14,639$13,056
5 years$13,520$12,874$12,262$11,680$11,128$9,613
6 years$11,153$10,513$9,909$9,341$8,805$7,360
7 years$9,464$8,829$8,235$7,679$7,161$5,786
8 years$8,197$7,568$6,984$6,442$5,941$4,635
9 years$7,213$6,589$6,015$5,487$5,003$3,765
10 years$6,425$5,808$5,244$4,730$4,263$3,092
11 years$5,782$5,170$4,617$4,117$3,666$2,560
12 years$5,246$4,641$4,097$3,611$3,177$2,134
13 years$4,793$4,194$3,661$3,188$2,770$1,788
14 years$4,405$3,812$3,289$2,830$2,429$1,505
15 years$4,068$3,482$2,970$2,524$2,138$1,272
16 years$3,775$3,195$2,692$2,260$1,890$1,078
17 years$3,516$2,943$2,450$2,030$1,676$915
18 years$3,286$2,719$2,236$1,830$1,490$779
19 years$3,080$2,520$2,047$1,653$1,328$664
20 years$2,896$2,342$1,879$1,497$1,186$567
21 years$2,729$2,181$1,728$1,359$1,062$485
22 years$2,577$2,036$1,593$1,236$951$415
23 years$2,439$1,904$1,471$1,125$854$356
24 years$2,313$1,784$1,360$1,026$768$305
25 years$2,197$1,674$1,260$937$691$262
26 years$2,090$1,574$1,168$857$622$225
27 years$1,991$1,481$1,085$784$561$193
28 years$1,899$1,396$1,009$719$506$166
29 years$1,814$1,317$939$659$457$142
30 years$1,734$1,243$874$605$413$122
31 years$1,660$1,175$815$556$373$105
32 years$1,591$1,112$760$511$338$91
33 years$1,526$1,053$710$469$306$78
34 years$1,465$998$663$432$277$67
35 years$1,407$947$620$398$251$58
36 years$1,353$899$580$366$227$50
37 years$1,302$853$543$337$206$43
38 years$1,254$811$509$311$187$37
39 years$1,208$771$476$287$169$32
40 years$1,165$734$447$265$154$27
41 years$1,124$699$419$244$139$23
42 years$1,085$665$393$225$126$20
43 years$1,048$634$369$208$115$17
44 years$1,012$604$346$192$104$15
45 years$979$576$325$177$95$13
46 years$947$550$305$164$86$11
47 years$916$525$287$151$78$10
48 years$887$501$269$140$71$8
49 years$859$478$253$129$64$7
50 years$832$457$238$119$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $852,000, adding $4,861 every year, while hoping to spend $56,876 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: 70/10/20 Blend
60$852,000$852,000$852,000$852,000
61$943,918$898,762$885,556$1,005,047
62$979,682$882,286$854,707$1,029,969
63$1,017,188$863,096$820,917$1,050,062
64$1,056,553$841,000$784,030$1,070,649
65$1,097,905$815,792$743,879$1,091,773
66$1,141,383$787,257$700,290$1,113,482
67$1,187,137$755,167$653,083$1,135,832
68$1,235,333$719,277$602,069$1,158,886
69$1,286,148$679,333$547,050$1,182,712
70$1,339,778$635,063$487,819$1,207,392
71$1,396,435$586,181$424,161$1,233,015
72$1,456,352$532,384$355,850$1,259,680
73$1,519,780$473,352$282,651$1,287,502
74$1,586,997$408,745$204,319$1,316,607
75$1,658,304$338,207$120,598$1,347,138
76$1,734,032$261,360$31,218$1,379,255
77$1,814,541$177,804$0$1,413,137
78$1,900,226$87,119$0$1,462,678
79$1,991,521$0$0$1,522,408
80$2,088,898$0$0$1,587,200
81$2,192,876$0$0$1,666,647
82$2,304,024$0$0$1,751,601
83$2,422,964$0$0$1,842,541
84$2,550,379$0$0$1,939,993
85$2,687,020$0$0$2,044,536
86$2,833,708$0$0$2,156,802
87$2,991,345$0$0$2,277,486
88$3,160,923$0$0$2,407,351
89$3,343,527$0$0$2,547,236
90$3,540,353$0$0$2,698,061
91$3,752,713$0$0$2,860,837
92$3,982,048$0$0$3,036,675
93$4,229,941$0$0$3,226,795
94$4,498,134$0$0$3,432,539
95$4,788,540$0$0$3,655,383
96$5,103,262$0$0$3,896,947
97$5,444,615$0$0$4,159,015
98$5,815,141$0$0$4,443,549
99$6,217,639$0$0$4,752,705
100$6,655,186$0$0$5,088,856