Can I retire at age 61 with 854,000?

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 $854,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$70,523$69,894$69,281$68,683$68,099$66,697
2 years$34,912$34,262$33,632$33,021$32,428$31,022
3 years$23,044$22,391$21,762$21,157$20,574$19,207
4 years$17,110$16,459$15,837$15,242$14,673$13,357
5 years$13,551$12,904$12,290$11,708$11,154$9,892
6 years$11,180$10,537$9,932$9,363$8,826$7,619
7 years$9,486$8,849$8,254$7,697$7,178$6,027
8 years$8,217$7,585$7,000$6,457$5,955$4,859
9 years$7,230$6,605$6,029$5,500$5,015$3,973
10 years$6,441$5,822$5,256$4,741$4,273$3,285
11 years$5,795$5,183$4,628$4,126$3,675$2,739
12 years$5,258$4,652$4,107$3,619$3,185$2,300
13 years$4,804$4,204$3,669$3,195$2,777$1,942
14 years$4,415$3,821$3,297$2,836$2,434$1,647
15 years$4,078$3,491$2,977$2,530$2,143$1,402
16 years$3,784$3,203$2,699$2,265$1,894$1,197
17 years$3,524$2,949$2,456$2,035$1,680$1,025
18 years$3,294$2,725$2,242$1,834$1,493$879
19 years$3,088$2,526$2,052$1,657$1,331$756
20 years$2,902$2,347$1,883$1,501$1,189$651
21 years$2,735$2,186$1,732$1,362$1,064$561
22 years$2,583$2,041$1,597$1,239$954$485
23 years$2,445$1,909$1,474$1,128$856$419
24 years$2,318$1,788$1,363$1,029$770$362
25 years$2,202$1,678$1,263$940$692$313
26 years$2,094$1,577$1,171$859$624$271
27 years$1,995$1,484$1,088$786$562$235
28 years$1,903$1,399$1,011$720$507$204
29 years$1,818$1,320$941$661$458$177
30 years$1,738$1,246$876$606$414$153
31 years$1,664$1,178$817$557$374$133
32 years$1,595$1,115$762$512$339$116
33 years$1,529$1,056$712$471$306$100
34 years$1,468$1,001$665$433$277$87
35 years$1,411$949$622$399$251$76
36 years$1,356$901$582$367$228$66
37 years$1,305$855$544$338$206$57
38 years$1,257$813$510$312$187$50
39 years$1,211$773$478$287$170$43
40 years$1,168$736$448$265$154$37
41 years$1,126$700$420$245$140$33
42 years$1,087$667$394$226$127$28
43 years$1,050$635$369$208$115$25
44 years$1,015$606$347$192$104$21
45 years$981$577$326$178$95$19
46 years$949$551$306$164$86$16
47 years$918$526$287$152$78$14
48 years$889$502$270$140$71$12
49 years$861$479$254$130$64$11
50 years$834$458$239$120$59$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $854,000, adding $4,609 every year, while hoping to spend $49,001 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: 61/16/23 Blend
60$854,000$854,000$854,000$854,000
61$945,862$900,600$887,363$997,545
62$990,203$892,593$864,953$1,025,105
63$1,037,425$882,551$840,150$1,049,395
64$1,087,770$870,323$812,822$1,074,821
65$1,141,502$855,748$782,831$1,101,502
66$1,198,912$838,657$750,033$1,129,569
67$1,260,319$818,869$714,277$1,159,172
68$1,326,071$796,194$675,406$1,190,476
69$1,396,553$770,429$633,254$1,223,665
70$1,472,182$741,362$587,649$1,258,944
71$1,553,422$708,765$538,412$1,296,543
72$1,640,776$672,400$485,354$1,336,718
73$1,734,802$632,014$428,280$1,379,753
74$1,836,107$587,339$366,983$1,425,963
75$1,945,364$538,092$301,250$1,475,702
76$2,063,306$483,973$230,858$1,529,361
77$2,190,743$424,668$155,572$1,587,374
78$2,328,564$359,842$75,148$1,650,226
79$2,477,745$289,142$0$1,718,453
80$2,639,360$212,195$0$1,795,273
81$2,814,590$128,607$0$1,898,577
82$3,004,733$37,964$0$2,010,708
83$3,211,216$0$0$2,132,550
84$3,435,611$0$0$2,275,676
85$3,679,645$0$0$2,438,655
86$3,945,218$0$0$2,616,081
87$4,234,423$0$0$2,809,357
88$4,549,561$0$0$3,020,030
89$4,893,165$0$0$3,249,802
90$5,268,022$0$0$3,500,544
91$5,677,200$0$0$3,774,319
92$6,124,078$0$0$4,073,396
93$6,612,373$0$0$4,400,273
94$7,146,179$0$0$4,757,700
95$7,730,003$0$0$5,148,706
96$8,368,806$0$0$5,576,624
97$9,068,053$0$0$6,045,127
98$9,833,760$0$0$6,558,256
99$10,672,554$0$0$7,120,466
100$11,591,730$0$0$7,736,659