Can I retire at age 61 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$69,697$69,076$68,470$67,879$67,302$66,051
2 years$34,503$33,861$33,238$32,634$32,048$30,793
3 years$22,774$22,128$21,507$20,909$20,333$19,112
4 years$16,910$16,267$15,652$15,064$14,502$13,324
5 years$13,393$12,753$12,146$11,570$11,024$9,894
6 years$11,049$10,414$9,816$9,253$8,723$7,641
7 years$9,375$8,746$8,157$7,607$7,094$6,061
8 years$8,120$7,497$6,918$6,382$5,885$4,901
9 years$7,145$6,527$5,958$5,436$4,956$4,020
10 years$6,365$5,753$5,195$4,686$4,223$3,334
11 years$5,728$5,122$4,573$4,078$3,632$2,788
12 years$5,197$4,597$4,059$3,577$3,147$2,349
13 years$4,748$4,154$3,626$3,158$2,744$1,990
14 years$4,363$3,776$3,258$2,803$2,406$1,693
15 years$4,030$3,450$2,942$2,500$2,118$1,446
16 years$3,739$3,165$2,667$2,238$1,872$1,239
17 years$3,483$2,915$2,427$2,011$1,660$1,065
18 years$3,255$2,693$2,215$1,813$1,476$917
19 years$3,051$2,496$2,028$1,638$1,316$791
20 years$2,868$2,320$1,861$1,483$1,175$684
21 years$2,703$2,161$1,712$1,346$1,052$592
22 years$2,553$2,017$1,578$1,224$943$513
23 years$2,416$1,886$1,457$1,115$846$445
24 years$2,291$1,767$1,347$1,017$760$386
25 years$2,176$1,659$1,248$929$684$336
26 years$2,070$1,559$1,157$849$616$292
27 years$1,972$1,467$1,075$777$556$254
28 years$1,881$1,382$999$712$501$221
29 years$1,797$1,304$930$653$453$193
30 years$1,718$1,232$866$599$409$168
31 years$1,645$1,164$807$550$370$146
32 years$1,576$1,102$753$506$335$127
33 years$1,511$1,043$703$465$303$111
34 years$1,451$989$657$428$274$97
35 years$1,394$938$614$394$248$85
36 years$1,340$890$575$363$225$74
37 years$1,290$845$538$334$204$64
38 years$1,242$803$504$308$185$56
39 years$1,197$764$472$284$168$49
40 years$1,154$727$442$262$152$43
41 years$1,113$692$415$242$138$37
42 years$1,075$659$389$223$125$33
43 years$1,038$628$365$206$114$28
44 years$1,003$599$343$190$103$25
45 years$969$571$322$176$94$22
46 years$938$544$302$162$85$19
47 years$907$520$284$150$77$17
48 years$878$496$267$138$70$14
49 years$851$474$251$128$64$13
50 years$824$452$236$118$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $844,000, adding $2,208 every year, while hoping to spend $25,005 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: 70/19/11 Blend
60$844,000$844,000$844,000$844,000
61$932,366$887,634$874,552$995,372
62$1,000,862$904,522$877,244$1,054,320
63$1,075,506$921,401$879,188$1,115,557
64$1,156,900$938,242$880,334$1,181,904
65$1,245,705$955,016$880,625$1,253,859
66$1,342,648$971,693$880,007$1,331,972
67$1,448,530$988,238$878,420$1,416,847
68$1,564,233$1,004,615$875,800$1,509,149
69$1,690,729$1,020,786$872,083$1,609,614
70$1,829,086$1,036,707$867,201$1,719,049
71$1,980,482$1,052,334$861,081$1,838,345
72$2,146,212$1,067,619$853,648$1,968,484
73$2,327,704$1,082,511$844,823$2,110,548
74$2,526,529$1,096,953$834,524$2,265,728
75$2,744,418$1,110,887$822,664$2,435,340
76$2,983,277$1,124,249$809,152$2,620,829
77$3,245,207$1,136,973$793,894$2,823,792
78$3,532,519$1,148,985$776,790$3,045,987
79$3,847,760$1,160,210$757,737$3,289,351
80$4,193,736$1,170,565$736,626$3,556,021
81$4,573,537$1,179,962$713,343$3,848,349
82$4,990,567$1,188,310$687,769$4,168,929
83$5,448,576$1,195,507$659,780$4,520,621
84$5,951,694$1,201,451$629,246$4,906,576
85$6,504,472$1,206,027$596,031$5,330,265
86$7,111,923$1,209,117$559,993$5,795,516
87$7,779,570$1,210,595$520,983$6,306,547
88$8,513,497$1,210,325$478,847$6,868,008
89$9,320,408$1,208,165$433,423$7,485,023
90$10,207,687$1,203,963$384,540$8,163,239
91$11,183,472$1,197,558$332,023$8,908,881
92$12,256,727$1,188,779$275,686$9,728,809
93$13,437,329$1,177,445$215,338$10,630,585
94$14,736,160$1,163,363$150,775$11,622,542
95$16,165,211$1,146,331$81,789$12,713,865
96$17,737,693$1,126,132$8,159$13,914,678
97$19,468,163$1,102,537$0$15,236,139
98$21,372,659$1,075,305$0$16,698,808
99$23,468,854$1,044,179$0$18,309,534
100$25,776,221$1,008,888$0$20,082,326