Can I retire at age 61 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$69,366$68,749$68,146$67,557$66,983$65,497
2 years$34,340$33,700$33,080$32,479$31,897$30,407
3 years$22,666$22,023$21,405$20,810$20,236$18,790
4 years$16,830$16,190$15,578$14,992$14,433$13,041
5 years$13,329$12,693$12,089$11,516$10,972$9,638
6 years$10,996$10,365$9,770$9,209$8,681$7,407
7 years$9,331$8,704$8,119$7,571$7,060$5,846
8 years$8,082$7,461$6,885$6,351$5,857$4,702
9 years$7,111$6,496$5,930$5,410$4,933$3,836
10 years$6,335$5,726$5,170$4,663$4,203$3,163
11 years$5,700$5,098$4,552$4,059$3,615$2,631
12 years$5,172$4,575$4,039$3,560$3,132$2,203
13 years$4,725$4,135$3,609$3,143$2,731$1,855
14 years$4,342$3,758$3,243$2,790$2,394$1,569
15 years$4,011$3,433$2,928$2,488$2,108$1,332
16 years$3,722$3,150$2,654$2,228$1,863$1,134
17 years$3,466$2,901$2,415$2,002$1,652$968
18 years$3,240$2,681$2,205$1,804$1,469$829
19 years$3,037$2,484$2,019$1,630$1,309$710
20 years$2,855$2,309$1,853$1,476$1,169$610
21 years$2,690$2,150$1,704$1,340$1,047$524
22 years$2,541$2,007$1,570$1,218$938$451
23 years$2,405$1,877$1,450$1,109$842$389
24 years$2,280$1,759$1,341$1,012$757$335
25 years$2,166$1,651$1,242$924$681$289
26 years$2,060$1,551$1,152$845$613$249
27 years$1,963$1,460$1,070$773$553$215
28 years$1,872$1,376$994$709$499$186
29 years$1,788$1,298$925$650$451$161
30 years$1,710$1,226$862$596$407$139
31 years$1,637$1,159$804$548$368$120
32 years$1,568$1,096$750$503$333$104
33 years$1,504$1,038$700$463$301$90
34 years$1,444$984$654$426$273$78
35 years$1,387$933$612$392$247$68
36 years$1,334$886$572$361$224$58
37 years$1,284$841$535$333$203$51
38 years$1,236$800$501$307$184$44
39 years$1,191$760$470$283$167$38
40 years$1,148$723$440$261$151$33
41 years$1,108$689$413$241$137$28
42 years$1,069$656$387$222$125$25
43 years$1,033$625$363$205$113$21
44 years$998$596$341$189$103$19
45 years$965$568$320$175$93$16
46 years$933$542$301$161$85$14
47 years$903$517$283$149$77$12
48 years$874$494$266$138$70$10
49 years$847$471$250$127$63$9
50 years$820$450$235$118$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $840,000, adding $3,044 every year, while hoping to spend $37,220 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: 38/40/22 Blend
60$840,000$840,000$840,000$840,000
61$928,820$884,300$871,280$957,901
62$983,958$888,029$860,866$982,997
63$1,043,472$890,693$848,856$1,006,389
64$1,107,770$892,201$835,156$1,030,917
65$1,177,300$892,455$819,671$1,056,706
66$1,252,552$891,353$802,297$1,083,896
67$1,334,067$888,785$782,930$1,112,643
68$1,422,441$884,634$761,457$1,143,122
69$1,518,326$878,777$737,762$1,175,528
70$1,622,442$871,084$711,723$1,210,081
71$1,735,578$861,414$683,213$1,247,023
72$1,858,605$849,622$652,099$1,286,628
73$1,992,480$835,551$618,241$1,329,199
74$2,138,256$819,035$581,495$1,375,075
75$2,297,091$799,901$541,708$1,424,632
76$2,470,260$777,962$498,721$1,478,291
77$2,659,167$753,022$452,368$1,536,521
78$2,865,355$724,874$402,476$1,599,840
79$3,090,526$693,297$348,864$1,668,828
80$3,336,551$658,060$291,342$1,744,128
81$3,605,491$618,916$229,713$1,826,455
82$3,899,613$575,606$163,771$1,916,603
83$4,221,417$527,853$93,300$2,015,454
84$4,573,651$475,368$18,076$2,123,987
85$4,959,346$417,843$0$2,243,287
86$5,381,836$354,954$0$2,389,161
87$5,844,793$286,357$0$2,553,822
88$6,352,264$211,691$0$2,734,562
89$6,908,703$130,571$0$2,933,087
90$7,519,016$42,595$0$3,151,281
91$8,188,609$0$0$3,391,228
92$8,923,433$0$0$3,678,413
93$9,730,047$0$0$4,014,352
94$10,615,673$0$0$4,383,320
95$11,588,267$0$0$4,788,647
96$12,656,594$0$0$5,234,002
97$13,830,310$0$0$5,723,426
98$15,120,051$0$0$6,261,371
99$16,537,536$0$0$6,852,743
100$18,095,675$0$0$7,502,945