Can I retire at age 61 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$69,449$68,830$68,227$67,638$67,063$65,495
2 years$34,381$33,740$33,120$32,518$31,935$30,364
3 years$22,693$22,050$21,431$20,835$20,261$18,736
4 years$16,850$16,209$15,596$15,010$14,450$12,983
5 years$13,345$12,708$12,103$11,529$10,985$9,580
6 years$11,009$10,377$9,781$9,220$8,692$7,351
7 years$9,342$8,715$8,128$7,580$7,069$5,792
8 years$8,091$7,470$6,893$6,359$5,864$4,650
9 years$7,120$6,504$5,937$5,416$4,939$3,787
10 years$6,343$5,733$5,176$4,669$4,208$3,117
11 years$5,707$5,104$4,557$4,063$3,619$2,588
12 years$5,178$4,581$4,044$3,564$3,136$2,163
13 years$4,731$4,140$3,613$3,147$2,735$1,817
14 years$4,348$3,763$3,247$2,793$2,397$1,534
15 years$4,016$3,437$2,931$2,491$2,111$1,300
16 years$3,726$3,154$2,658$2,230$1,865$1,104
17 years$3,470$2,905$2,418$2,004$1,654$941
18 years$3,243$2,684$2,208$1,806$1,471$803
19 years$3,041$2,487$2,021$1,632$1,311$687
20 years$2,858$2,311$1,855$1,478$1,171$588
21 years$2,694$2,153$1,706$1,341$1,048$505
22 years$2,544$2,010$1,572$1,220$939$433
23 years$2,408$1,880$1,452$1,111$843$372
24 years$2,283$1,761$1,343$1,013$758$320
25 years$2,168$1,653$1,244$925$682$276
26 years$2,063$1,553$1,153$846$614$237
27 years$1,965$1,462$1,071$774$554$204
28 years$1,874$1,378$996$709$500$176
29 years$1,790$1,300$926$651$451$152
30 years$1,712$1,227$863$597$408$131
31 years$1,639$1,160$805$548$369$113
32 years$1,570$1,098$751$504$333$98
33 years$1,506$1,040$701$463$302$84
34 years$1,446$985$655$426$273$73
35 years$1,389$935$612$393$247$63
36 years$1,336$887$573$362$224$54
37 years$1,285$842$536$333$203$47
38 years$1,238$801$502$307$184$40
39 years$1,193$761$470$283$167$35
40 years$1,150$724$441$261$152$30
41 years$1,109$689$413$241$137$26
42 years$1,071$657$388$222$125$23
43 years$1,034$626$364$205$113$19
44 years$999$596$342$189$103$17
45 years$966$569$321$175$93$15
46 years$934$543$301$162$85$13
47 years$904$518$283$149$77$11
48 years$875$494$266$138$70$9
49 years$848$472$250$128$63$8
50 years$821$451$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $841,000, adding $3,756 every year, while hoping to spend $28,566 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: 48/38/14 Blend
60$841,000$841,000$841,000$841,000
61$930,656$886,083$873,048$971,532
62$995,189$899,107$871,901$1,013,169
63$1,065,347$911,812$869,758$1,055,104
64$1,141,674$924,152$866,556$1,100,004
65$1,224,767$936,078$862,228$1,148,158
66$1,315,284$947,537$856,704$1,199,883
67$1,413,951$958,474$849,912$1,255,529
68$1,521,564$968,829$841,773$1,315,483
69$1,639,000$978,538$832,209$1,380,172
70$1,767,225$987,534$821,135$1,450,067
71$1,907,302$995,743$808,463$1,525,689
72$2,060,400$1,003,088$794,101$1,607,614
73$2,227,810$1,009,488$777,952$1,696,476
74$2,410,949$1,014,855$759,915$1,792,976
75$2,611,378$1,019,096$739,885$1,897,888
76$2,830,819$1,022,112$717,752$2,012,067
77$3,071,165$1,023,797$693,398$2,136,455
78$3,334,501$1,024,041$666,705$2,272,094
79$3,623,125$1,022,724$637,544$2,420,135
80$3,939,567$1,019,721$605,785$2,581,844
81$4,286,613$1,014,897$571,289$2,758,624
82$4,667,331$1,008,110$533,911$2,952,020
83$5,085,102$999,211$493,500$3,163,739
84$5,543,650$988,040$449,900$3,395,663
85$6,047,075$974,427$402,945$3,649,872
86$6,599,896$958,193$352,462$3,928,658
87$7,207,089$939,149$298,274$4,234,552
88$7,874,137$917,092$240,191$4,570,348
89$8,607,080$891,810$178,018$4,939,127
90$9,412,571$863,077$111,550$5,344,288
91$10,297,940$830,655$40,574$5,789,584
92$11,271,264$794,291$0$6,279,154
93$12,341,439$753,717$0$6,822,817
94$13,518,268$708,651$0$7,427,167
95$14,812,550$658,794$0$8,091,730
96$16,236,185$603,830$0$8,822,673
97$17,802,282$543,424$0$9,626,798
98$19,525,287$477,224$0$10,511,604
99$21,421,113$404,855$0$11,485,361
100$23,507,298$325,925$0$12,557,188