Can I retire at age 61 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$70,192$69,567$68,957$68,362$67,780$66,795
2 years$34,749$34,101$33,474$32,866$32,276$31,286
3 years$22,936$22,286$21,660$21,058$20,477$19,512
4 years$17,030$16,382$15,763$15,171$14,605$13,672
5 years$13,488$12,844$12,233$11,653$11,102$10,206
6 years$11,127$10,488$9,886$9,319$8,785$7,925
7 years$9,442$8,808$8,215$7,661$7,144$6,322
8 years$8,178$7,550$6,967$6,427$5,927$5,141
9 years$7,196$6,574$6,001$5,474$4,991$4,242
10 years$6,410$5,794$5,232$4,719$4,253$3,539
11 years$5,768$5,158$4,606$4,107$3,658$2,979
12 years$5,234$4,630$4,088$3,602$3,170$2,526
13 years$4,781$4,184$3,652$3,180$2,764$2,153
14 years$4,394$3,803$3,281$2,823$2,423$1,845
15 years$4,059$3,474$2,963$2,518$2,133$1,587
16 years$3,766$3,188$2,686$2,254$1,885$1,369
17 years$3,507$2,936$2,444$2,026$1,672$1,185
18 years$3,278$2,713$2,231$1,825$1,486$1,028
19 years$3,073$2,514$2,043$1,649$1,325$894
20 years$2,889$2,336$1,875$1,494$1,183$778
21 years$2,722$2,176$1,724$1,356$1,059$679
22 years$2,571$2,031$1,589$1,233$949$593
23 years$2,433$1,900$1,467$1,123$852$518
24 years$2,307$1,780$1,357$1,024$766$453
25 years$2,191$1,670$1,257$935$689$397
26 years$2,085$1,570$1,166$855$621$348
27 years$1,986$1,478$1,082$783$560$305
28 years$1,894$1,392$1,006$717$505$268
29 years$1,809$1,313$936$658$456$235
30 years$1,730$1,240$872$603$412$207
31 years$1,656$1,173$813$554$373$181
32 years$1,587$1,109$759$509$337$160
33 years$1,522$1,051$708$468$305$140
34 years$1,461$996$662$431$276$123
35 years$1,404$945$619$397$250$108
36 years$1,350$897$579$365$227$95
37 years$1,299$851$542$337$205$84
38 years$1,251$809$507$310$186$74
39 years$1,205$769$475$286$169$65
40 years$1,162$732$446$264$153$57
41 years$1,121$697$418$243$139$50
42 years$1,082$664$392$225$126$44
43 years$1,045$632$368$207$114$39
44 years$1,010$603$345$192$104$34
45 years$976$575$324$177$94$30
46 years$944$548$304$163$86$27
47 years$914$523$286$151$78$24
48 years$885$500$269$139$71$21
49 years$857$477$253$129$64$18
50 years$830$456$238$119$58$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $850,000, adding $3,181 every year, while hoping to spend $28,223 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: 73/15/12 Blend
60$850,000$850,000$850,000$850,000
61$939,981$894,931$881,756$1,006,068
62$1,005,830$908,754$881,266$1,064,015
63$1,077,450$922,308$879,813$1,123,664
64$1,155,399$935,550$877,336$1,188,231
65$1,240,293$948,435$873,770$1,258,196
66$1,332,807$960,913$869,046$1,334,087
67$1,433,688$972,932$863,093$1,416,486
68$1,543,753$984,435$855,836$1,506,034
69$1,663,906$995,362$847,196$1,603,437
70$1,795,139$1,005,649$837,092$1,709,476
71$1,938,545$1,015,228$825,437$1,825,006
72$2,095,329$1,024,026$812,141$1,950,975
73$2,266,814$1,031,966$797,110$2,088,424
74$2,454,461$1,038,964$780,245$2,238,502
75$2,659,875$1,044,932$761,442$2,402,474
76$2,884,826$1,049,777$740,594$2,581,736
77$3,131,261$1,053,399$717,587$2,777,826
78$3,401,327$1,055,693$692,303$2,992,437
79$3,697,385$1,056,545$664,618$3,227,439
80$4,022,039$1,055,837$634,404$3,484,889
81$4,378,155$1,053,440$601,524$3,767,057
82$4,768,889$1,049,221$565,838$4,076,443
83$5,197,720$1,043,037$527,197$4,415,806
84$5,668,476$1,034,735$485,447$4,788,182
85$6,185,379$1,024,155$440,427$5,196,922
86$6,753,075$1,011,126$391,969$5,645,717
87$7,376,685$995,467$339,896$6,138,635
88$8,061,849$976,987$284,025$6,680,162
89$8,814,781$955,483$224,164$7,275,240
90$9,642,328$930,740$160,112$7,929,318
91$10,552,029$902,531$91,660$8,648,402
92$11,552,195$870,614$18,589$9,439,111
93$12,651,980$834,735$0$10,308,740
94$13,861,468$794,623$0$11,272,937
95$15,191,772$749,994$0$12,335,993
96$16,655,136$700,546$0$13,505,329
97$18,265,046$645,960$0$14,791,746
98$20,036,368$585,899$0$16,207,145
99$21,985,474$520,005$0$17,764,645
100$24,130,410$447,903$0$19,478,701