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%11.7%
1 years$70,192$69,567$68,957$68,362$67,780$67,297
2 years$34,749$34,101$33,474$32,866$32,276$31,789
3 years$22,936$22,286$21,660$21,058$20,477$20,001
4 years$17,030$16,382$15,763$15,171$14,605$14,143
5 years$13,488$12,844$12,233$11,653$11,102$10,656
6 years$11,127$10,488$9,886$9,319$8,785$8,356
7 years$9,442$8,808$8,215$7,661$7,144$6,732
8 years$8,178$7,550$6,967$6,427$5,927$5,532
9 years$7,196$6,574$6,001$5,474$4,991$4,613
10 years$6,410$5,794$5,232$4,719$4,253$3,891
11 years$5,768$5,158$4,606$4,107$3,658$3,312
12 years$5,234$4,630$4,088$3,602$3,170$2,840
13 years$4,781$4,184$3,652$3,180$2,764$2,450
14 years$4,394$3,803$3,281$2,823$2,423$2,124
15 years$4,059$3,474$2,963$2,518$2,133$1,849
16 years$3,766$3,188$2,686$2,254$1,885$1,616
17 years$3,507$2,936$2,444$2,026$1,672$1,416
18 years$3,278$2,713$2,231$1,825$1,486$1,244
19 years$3,073$2,514$2,043$1,649$1,325$1,096
20 years$2,889$2,336$1,875$1,494$1,183$967
21 years$2,722$2,176$1,724$1,356$1,059$855
22 years$2,571$2,031$1,589$1,233$949$757
23 years$2,433$1,900$1,467$1,123$852$671
24 years$2,307$1,780$1,357$1,024$766$595
25 years$2,191$1,670$1,257$935$689$529
26 years$2,085$1,570$1,166$855$621$470
27 years$1,986$1,478$1,082$783$560$418
28 years$1,894$1,392$1,006$717$505$372
29 years$1,809$1,313$936$658$456$332
30 years$1,730$1,240$872$603$412$296
31 years$1,656$1,173$813$554$373$264
32 years$1,587$1,109$759$509$337$235
33 years$1,522$1,051$708$468$305$210
34 years$1,461$996$662$431$276$187
35 years$1,404$945$619$397$250$167
36 years$1,350$897$579$365$227$149
37 years$1,299$851$542$337$205$134
38 years$1,251$809$507$310$186$119
39 years$1,205$769$475$286$169$107
40 years$1,162$732$446$264$153$95
41 years$1,121$697$418$243$139$85
42 years$1,082$664$392$225$126$76
43 years$1,045$632$368$207$114$68
44 years$1,010$603$345$192$104$61
45 years$976$575$324$177$94$55
46 years$944$548$304$163$86$49
47 years$914$523$286$151$78$44
48 years$885$500$269$139$71$39
49 years$857$477$253$129$64$35
50 years$830$456$238$119$58$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $850,000, adding $2,349 every year, while hoping to spend $50,926 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: 67/22/11 Blend
60$850,000$850,000$850,000$850,000
61$939,123$894,073$880,898$999,670
62$980,729$883,698$856,223$1,029,877
63$1,024,871$871,107$829,015$1,056,612
64$1,071,756$856,139$799,135$1,084,524
65$1,121,607$838,622$766,437$1,113,721
66$1,174,669$818,373$730,771$1,144,326
67$1,231,211$795,199$691,978$1,176,476
68$1,291,528$768,897$649,893$1,210,320
69$1,355,941$739,250$604,341$1,246,029
70$1,424,803$706,029$555,143$1,283,789
71$1,498,502$668,994$502,109$1,323,808
72$1,577,462$627,887$445,043$1,366,320
73$1,662,148$582,439$383,737$1,411,582
74$1,753,072$532,363$317,976$1,459,881
75$1,850,793$477,357$247,537$1,511,535
76$1,955,928$417,101$172,183$1,566,899
77$2,069,151$351,257$91,670$1,626,366
78$2,191,205$279,470$5,741$1,690,373
79$2,322,906$201,361$0$1,759,404
80$2,465,148$116,533$0$1,844,087
81$2,618,916$24,566$0$1,936,303
82$2,785,291$0$0$2,036,076
83$2,965,463$0$0$2,162,326
84$3,160,738$0$0$2,305,649
85$3,372,555$0$0$2,461,159
86$3,602,494$0$0$2,630,020
87$3,852,294$0$0$2,813,517
88$4,123,867$0$0$3,013,061
89$4,419,318$0$0$3,230,204
90$4,740,962$0$0$3,466,655
91$5,091,346$0$0$3,724,293
92$5,473,273$0$0$4,005,187
93$5,889,829$0$0$4,311,615
94$6,344,410$0$0$4,646,082
95$6,840,753$0$0$5,011,347
96$7,382,973$0$0$5,410,447
97$7,975,601$0$0$5,846,726
98$8,623,623$0$0$6,323,864
99$9,332,530$0$0$6,845,914
100$10,108,369$0$0$7,417,340