Can I retire at age 61 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$69,779$69,158$68,551$67,959$67,381$64,683
2 years$34,544$33,901$33,277$32,673$32,086$29,401
3 years$22,801$22,155$21,533$20,934$20,357$17,770
4 years$16,930$16,286$15,670$15,082$14,519$12,050
5 years$13,409$12,768$12,161$11,584$11,037$8,692
6 years$11,062$10,426$9,828$9,264$8,733$6,514
7 years$9,386$8,756$8,167$7,616$7,102$5,008
8 years$8,130$7,506$6,926$6,389$5,892$3,920
9 years$7,153$6,535$5,965$5,442$4,962$3,110
10 years$6,373$5,760$5,201$4,691$4,228$2,492
11 years$5,734$5,128$4,579$4,083$3,636$2,012
12 years$5,203$4,603$4,064$3,581$3,151$1,634
13 years$4,753$4,159$3,630$3,162$2,748$1,334
14 years$4,368$3,781$3,262$2,807$2,409$1,093
15 years$4,035$3,454$2,945$2,503$2,121$898
16 years$3,744$3,169$2,670$2,241$1,874$740
17 years$3,487$2,918$2,430$2,014$1,662$611
18 years$3,259$2,697$2,218$1,815$1,478$505
19 years$3,055$2,499$2,031$1,640$1,317$418
20 years$2,872$2,322$1,864$1,485$1,176$346
21 years$2,706$2,163$1,714$1,348$1,053$287
22 years$2,556$2,019$1,580$1,225$944$239
23 years$2,419$1,889$1,459$1,116$847$198
24 years$2,294$1,770$1,349$1,018$761$165
25 years$2,179$1,661$1,249$930$685$137
26 years$2,072$1,561$1,159$850$617$114
27 years$1,974$1,469$1,076$778$556$95
28 years$1,883$1,384$1,000$713$502$79
29 years$1,799$1,306$931$654$453$66
30 years$1,720$1,233$867$600$410$55
31 years$1,647$1,166$808$551$370$46
32 years$1,578$1,103$754$506$335$38
33 years$1,513$1,045$704$466$303$32
34 years$1,453$990$658$428$274$26
35 years$1,396$939$615$394$249$22
36 years$1,342$891$575$363$225$18
37 years$1,291$846$539$335$204$15
38 years$1,244$804$504$308$185$13
39 years$1,198$765$473$284$168$11
40 years$1,155$728$443$262$152$9
41 years$1,115$693$415$242$138$7
42 years$1,076$660$390$223$125$6
43 years$1,039$629$366$206$114$5
44 years$1,004$599$343$190$103$4
45 years$971$571$322$176$94$4
46 years$939$545$303$162$85$3
47 years$908$520$284$150$77$2
48 years$879$497$267$139$70$2
49 years$852$474$251$128$64$2
50 years$825$453$236$118$58$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $845,000, adding $6,716 every year, while hoping to spend $41,766 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: 31/45/24 Blend
60$845,000$845,000$845,000$845,000
61$938,118$893,333$880,235$960,083
62$989,367$892,667$865,284$976,738
63$1,044,444$890,569$848,433$990,470
64$1,103,695$886,925$829,573$1,004,402
65$1,167,500$881,612$808,592$1,018,579
66$1,236,276$874,503$785,371$1,033,054
67$1,310,484$865,461$759,788$1,047,889
68$1,390,626$854,341$731,714$1,063,155
69$1,477,256$840,990$701,013$1,078,936
70$1,570,983$825,246$667,544$1,095,329
71$1,672,477$806,936$631,160$1,112,444
72$1,782,472$785,879$591,706$1,130,408
73$1,901,778$761,880$549,022$1,149,368
74$2,031,284$734,738$502,939$1,169,488
75$2,171,969$704,234$453,282$1,190,958
76$2,324,909$670,140$399,866$1,213,991
77$2,491,287$632,215$342,499$1,238,831
78$2,672,408$590,202$280,982$1,265,752
79$2,869,703$543,832$215,105$1,295,065
80$3,084,751$492,818$144,649$1,327,119
81$3,319,288$436,858$69,386$1,362,308
82$3,575,223$375,633$0$1,401,076
83$3,854,662$308,804$0$1,446,719
84$4,159,918$236,016$0$1,516,141
85$4,493,541$156,892$0$1,592,246
86$4,858,336$71,034$0$1,675,806
87$5,257,394$0$0$1,767,677
88$5,694,117$0$0$1,879,695
89$6,172,250$0$0$2,040,970
90$6,695,918$0$0$2,217,737
91$7,269,665$0$0$2,411,544
92$7,898,493$0$0$2,624,098
93$8,587,912$0$0$2,857,281
94$9,343,991$0$0$3,113,162
95$10,173,414$0$0$3,394,023
96$11,083,541$0$0$3,702,376
97$12,082,484$0$0$4,040,990
98$13,179,175$0$0$4,412,912
99$14,383,452$0$0$4,821,503
100$15,706,156$0$0$5,270,461