Can I retire at age 61 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$69,862$69,240$68,632$68,040$67,461$66,868
2 years$34,585$33,941$33,317$32,711$32,124$31,527
3 years$22,828$22,181$21,558$20,959$20,381$19,797
4 years$16,950$16,305$15,689$15,099$14,536$13,971
5 years$13,425$12,784$12,175$11,598$11,050$10,505
6 years$11,075$10,439$9,839$9,275$8,743$8,219
7 years$9,397$8,766$8,177$7,625$7,111$6,607
8 years$8,140$7,514$6,934$6,397$5,899$5,417
9 years$7,162$6,543$5,973$5,449$4,968$4,506
10 years$6,380$5,767$5,207$4,697$4,233$3,792
11 years$5,741$5,134$4,584$4,088$3,640$3,220
12 years$5,209$4,608$4,068$3,585$3,155$2,754
13 years$4,759$4,164$3,635$3,165$2,751$2,370
14 years$4,373$3,785$3,266$2,810$2,411$2,049
15 years$4,040$3,458$2,949$2,506$2,123$1,779
16 years$3,748$3,173$2,673$2,244$1,877$1,550
17 years$3,491$2,922$2,433$2,016$1,664$1,355
18 years$3,263$2,700$2,221$1,817$1,479$1,187
19 years$3,059$2,502$2,033$1,642$1,319$1,043
20 years$2,875$2,325$1,866$1,487$1,178$917
21 years$2,710$2,166$1,716$1,349$1,054$808
22 years$2,559$2,022$1,582$1,227$945$713
23 years$2,422$1,891$1,460$1,117$848$630
24 years$2,296$1,772$1,351$1,019$762$558
25 years$2,181$1,663$1,251$931$686$494
26 years$2,075$1,563$1,160$851$618$438
27 years$1,977$1,471$1,077$779$557$388
28 years$1,886$1,386$1,002$714$503$344
29 years$1,801$1,307$932$654$454$306
30 years$1,722$1,235$868$601$410$272
31 years$1,648$1,167$809$552$371$242
32 years$1,580$1,104$755$507$335$215
33 years$1,515$1,046$705$466$304$191
34 years$1,454$991$659$429$275$170
35 years$1,397$940$616$395$249$151
36 years$1,344$892$576$364$226$135
37 years$1,293$847$539$335$204$120
38 years$1,245$805$505$309$185$107
39 years$1,200$766$473$285$168$95
40 years$1,157$729$443$263$152$85
41 years$1,116$694$416$242$138$76
42 years$1,077$661$390$224$125$67
43 years$1,040$629$366$206$114$60
44 years$1,005$600$344$191$103$53
45 years$972$572$323$176$94$48
46 years$940$546$303$163$85$43
47 years$909$521$285$150$77$38
48 years$880$497$268$139$70$34
49 years$853$475$251$128$64$30
50 years$826$454$236$119$58$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $846,000, adding $2,611 every year, while hoping to spend $27,938 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: 70/7/23 Blend
60$846,000$846,000$846,000$846,000
61$934,985$890,147$877,034$994,864
62$1,000,628$904,039$876,689$1,049,115
63$1,072,030$917,674$875,396$1,104,965
64$1,149,749$931,012$873,094$1,165,430
65$1,234,399$944,008$869,718$1,230,963
66$1,326,656$956,612$865,202$1,302,066
67$1,427,262$968,774$859,474$1,379,293
68$1,537,038$980,438$852,461$1,463,254
69$1,656,882$991,547$844,085$1,554,620
70$1,787,787$1,002,036$834,265$1,654,132
71$1,930,845$1,011,839$822,916$1,762,608
72$2,087,257$1,020,884$809,949$1,880,948
73$2,258,345$1,029,096$795,271$2,010,145
74$2,445,568$1,036,393$778,784$2,151,294
75$2,650,529$1,042,689$760,386$2,305,602
76$2,874,994$1,047,893$739,971$2,474,400
77$3,120,910$1,051,906$717,426$2,659,154
78$3,390,418$1,054,624$692,635$2,861,482
79$3,685,878$1,055,938$665,475$3,083,167
80$4,009,888$1,055,729$635,819$3,326,175
81$4,365,311$1,053,874$603,533$3,592,672
82$4,755,299$1,050,241$568,478$3,885,049
83$5,183,324$1,044,688$530,507$4,205,938
84$5,653,213$1,037,066$489,469$4,558,243
85$6,169,177$1,027,219$445,202$4,945,165
86$6,735,859$1,014,979$397,542$5,370,234
87$7,358,371$1,000,168$346,315$5,837,338
88$8,042,346$982,597$291,338$6,350,766
89$8,793,990$962,069$232,422$6,915,245
90$9,620,138$938,371$169,369$7,535,986
91$10,528,322$911,281$101,973$8,218,733
92$11,526,838$880,562$30,017$8,969,819
93$12,624,830$845,963$0$9,796,223
94$13,832,367$807,220$0$10,717,118
95$15,160,547$764,052$0$11,738,114
96$16,621,595$716,163$0$12,861,246
97$18,228,983$663,240$0$14,096,882
98$19,997,552$604,952$0$15,456,446
99$21,943,655$540,947$0$16,952,526
100$24,085,310$470,856$0$18,598,994