Can I retire at age 61 with 843,000?

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 $843,000?

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$69,614$68,994$68,389$67,799$67,222$65,919
2 years$34,462$33,821$33,199$32,595$32,010$30,703
3 years$22,747$22,102$21,482$20,884$20,309$19,037
4 years$16,890$16,247$15,633$15,046$14,484$13,259
5 years$13,377$12,738$12,132$11,557$11,011$9,835
6 years$11,036$10,402$9,804$9,242$8,712$7,588
7 years$9,364$8,735$8,148$7,598$7,086$6,012
8 years$8,111$7,488$6,910$6,374$5,878$4,855
9 years$7,137$6,519$5,951$5,429$4,950$3,978
10 years$6,358$5,747$5,189$4,680$4,218$3,295
11 years$5,721$5,116$4,568$4,073$3,628$2,752
12 years$5,190$4,592$4,054$3,573$3,144$2,315
13 years$4,742$4,150$3,622$3,154$2,741$1,959
14 years$4,358$3,772$3,254$2,800$2,403$1,664
15 years$4,025$3,446$2,938$2,497$2,116$1,420
16 years$3,735$3,161$2,664$2,236$1,870$1,215
17 years$3,479$2,911$2,424$2,009$1,658$1,043
18 years$3,251$2,690$2,213$1,810$1,474$897
19 years$3,048$2,493$2,026$1,636$1,314$773
20 years$2,865$2,317$1,859$1,482$1,174$667
21 years$2,700$2,158$1,710$1,345$1,050$576
22 years$2,550$2,015$1,576$1,223$941$499
23 years$2,413$1,884$1,455$1,113$845$432
24 years$2,288$1,765$1,346$1,015$760$374
25 years$2,173$1,657$1,247$927$684$325
26 years$2,067$1,557$1,156$848$616$282
27 years$1,970$1,465$1,074$776$555$245
28 years$1,879$1,381$998$711$501$213
29 years$1,795$1,303$929$652$452$185
30 years$1,716$1,230$865$598$409$161
31 years$1,643$1,163$806$550$369$140
32 years$1,574$1,100$752$505$334$122
33 years$1,510$1,042$703$465$302$106
34 years$1,449$988$656$427$274$92
35 years$1,392$937$614$393$248$80
36 years$1,339$889$574$362$225$70
37 years$1,288$844$537$334$204$61
38 years$1,241$803$503$308$185$53
39 years$1,195$763$471$284$167$46
40 years$1,153$726$442$262$152$40
41 years$1,112$691$414$241$138$35
42 years$1,073$658$389$223$125$31
43 years$1,037$627$365$206$113$27
44 years$1,002$598$342$190$103$23
45 years$968$570$321$175$94$20
46 years$937$544$302$162$85$18
47 years$906$519$284$150$77$15
48 years$877$495$267$138$70$13
49 years$850$473$251$128$64$12
50 years$823$452$236$118$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $843,000, adding $6,932 every year, while hoping to spend $30,152 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: 29/45/26 Blend
60$843,000$843,000$843,000$843,000
61$936,136$891,457$878,391$955,584
62$999,541$903,057$875,735$982,976
63$1,068,402$914,215$871,981$1,009,302
64$1,143,244$924,877$867,057$1,036,993
65$1,224,646$934,986$860,894$1,066,188
66$1,313,241$944,482$853,415$1,097,041
67$1,409,728$953,299$844,542$1,129,723
68$1,514,878$961,367$834,191$1,164,425
69$1,629,535$968,614$822,276$1,201,360
70$1,754,632$974,961$808,707$1,240,764
71$1,891,193$980,323$793,388$1,282,899
72$2,040,348$984,612$776,219$1,328,058
73$2,203,339$987,733$757,098$1,376,565
74$2,381,533$989,585$735,914$1,428,780
75$2,576,437$990,062$712,555$1,485,104
76$2,789,709$989,051$686,900$1,545,982
77$3,023,174$986,429$658,827$1,611,906
78$3,278,844$982,070$628,203$1,683,423
79$3,558,932$975,837$594,894$1,761,141
80$3,865,877$967,587$558,757$1,845,733
81$4,202,364$957,167$519,643$1,937,945
82$4,571,351$944,414$477,397$2,038,604
83$4,976,096$929,157$431,857$2,148,626
84$5,420,186$911,215$382,852$2,269,028
85$5,907,574$890,393$330,207$2,400,933
86$6,442,614$866,490$273,736$2,545,588
87$7,030,100$839,287$213,246$2,704,370
88$7,675,316$808,558$148,535$2,878,806
89$8,384,080$774,059$79,393$3,070,585
90$9,162,804$735,535$5,600$3,281,576
91$10,018,548$692,716$0$3,513,847
92$10,959,095$645,313$0$3,789,978
93$11,993,016$593,026$0$4,095,182
94$13,129,752$535,534$0$4,430,771
95$14,379,710$472,498$0$4,799,908
96$15,754,352$403,562$0$5,206,088
97$17,266,306$328,346$0$5,653,169
98$18,929,487$246,453$0$6,145,407
99$20,759,226$157,461$0$6,687,503
100$22,772,414$60,924$0$7,284,644