Can I retire at age 61 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$69,284$68,667$68,065$67,477$66,903$65,606
2 years$34,299$33,660$33,041$32,441$31,859$30,557
3 years$22,639$21,997$21,380$20,785$20,212$18,947
4 years$16,810$16,170$15,559$14,975$14,416$13,196
5 years$13,313$12,678$12,074$11,502$10,959$9,788
6 years$10,983$10,352$9,758$9,198$8,671$7,552
7 years$9,320$8,694$8,109$7,562$7,052$5,983
8 years$8,072$7,452$6,877$6,344$5,850$4,832
9 years$7,103$6,489$5,923$5,404$4,927$3,959
10 years$6,327$5,719$5,164$4,658$4,198$3,279
11 years$5,694$5,092$4,546$4,054$3,610$2,739
12 years$5,166$4,570$4,035$3,556$3,129$2,304
13 years$4,720$4,130$3,605$3,139$2,728$1,949
14 years$4,337$3,754$3,239$2,787$2,392$1,657
15 years$4,006$3,429$2,924$2,485$2,106$1,413
16 years$3,717$3,146$2,651$2,225$1,861$1,209
17 years$3,462$2,898$2,413$1,999$1,650$1,038
18 years$3,236$2,678$2,202$1,802$1,467$892
19 years$3,033$2,482$2,016$1,628$1,308$769
20 years$2,851$2,306$1,850$1,475$1,168$664
21 years$2,687$2,148$1,702$1,338$1,045$573
22 years$2,538$2,005$1,569$1,217$937$496
23 years$2,402$1,875$1,448$1,108$841$430
24 years$2,277$1,757$1,339$1,011$756$373
25 years$2,163$1,649$1,241$923$680$323
26 years$2,058$1,550$1,151$844$613$281
27 years$1,960$1,458$1,068$772$552$244
28 years$1,870$1,374$993$708$498$212
29 years$1,786$1,296$924$649$450$184
30 years$1,708$1,224$861$596$407$160
31 years$1,635$1,157$803$547$368$139
32 years$1,567$1,095$749$503$333$121
33 years$1,503$1,037$699$462$301$106
34 years$1,442$983$653$425$273$92
35 years$1,386$932$611$392$247$80
36 years$1,333$885$571$361$224$70
37 years$1,282$840$535$332$203$61
38 years$1,235$799$501$306$184$53
39 years$1,190$760$469$282$167$46
40 years$1,147$723$440$260$151$40
41 years$1,107$688$412$240$137$35
42 years$1,068$655$387$222$124$30
43 years$1,032$624$363$205$113$27
44 years$997$595$341$189$103$23
45 years$964$567$320$175$93$20
46 years$932$541$300$161$84$18
47 years$902$517$282$149$77$15
48 years$873$493$265$138$70$13
49 years$846$471$249$127$63$12
50 years$819$450$234$118$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $839,000, adding $3,281 every year, while hoping to spend $36,618 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: 45/33/22 Blend
60$839,000$839,000$839,000$839,000
61$927,962$883,495$870,491$963,705
62$983,653$887,825$860,691$993,533
63$1,043,797$891,140$849,336$1,022,009
64$1,108,810$893,352$836,334$1,052,146
65$1,179,148$894,366$821,591$1,084,117
66$1,255,314$894,082$805,007$1,118,112
67$1,337,860$892,396$786,478$1,154,346
68$1,427,392$889,193$765,895$1,193,056
69$1,524,578$884,356$743,145$1,234,506
70$1,630,152$877,756$718,107$1,278,988
71$1,744,921$869,260$690,658$1,326,830
72$1,869,775$858,726$660,667$1,378,392
73$2,005,690$846,002$627,997$1,434,075
74$2,153,743$830,928$592,507$1,494,327
75$2,315,116$813,335$554,047$1,559,641
76$2,491,112$793,043$512,462$1,630,565
77$2,683,166$769,862$467,590$1,707,709
78$2,892,854$743,591$419,260$1,791,746
79$3,121,915$714,017$367,295$1,883,425
80$3,372,261$680,914$311,510$1,983,573
81$3,645,998$644,045$251,712$2,093,108
82$3,945,443$603,156$187,697$2,213,047
83$4,273,150$557,982$119,257$2,344,516
84$4,631,929$508,241$46,169$2,488,761
85$5,024,875$453,634$0$2,647,162
86$5,455,397$393,847$0$2,828,716
87$5,927,248$328,547$0$3,039,695
88$6,444,564$257,382$0$3,271,176
89$7,011,897$179,981$0$3,525,288
90$7,634,263$95,952$0$3,804,383
91$8,317,185$4,881$0$4,111,057
92$9,066,749$0$0$4,448,174
93$9,889,656$0$0$4,852,912
94$10,793,290$0$0$5,299,406
95$11,785,783$0$0$5,789,914
96$12,876,096$0$0$6,328,879
97$14,074,097$0$0$6,921,192
98$15,390,661$0$0$7,572,244
99$16,837,766$0$0$8,287,974
100$18,428,609$0$0$9,074,924