Can I retire at age 61 with 852,000?

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 $852,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$70,357$69,731$69,119$68,522$67,940$66,459
2 years$34,830$34,182$33,553$32,943$32,352$30,868
3 years$22,990$22,338$21,711$21,107$20,526$19,084
4 years$17,070$16,421$15,800$15,207$14,639$13,252
5 years$13,520$12,874$12,262$11,680$11,128$9,799
6 years$11,153$10,513$9,909$9,341$8,805$7,535
7 years$9,464$8,829$8,235$7,679$7,161$5,950
8 years$8,197$7,568$6,984$6,442$5,941$4,789
9 years$7,213$6,589$6,015$5,487$5,003$3,909
10 years$6,425$5,808$5,244$4,730$4,263$3,226
11 years$5,782$5,170$4,617$4,117$3,666$2,685
12 years$5,246$4,641$4,097$3,611$3,177$2,250
13 years$4,793$4,194$3,661$3,188$2,770$1,895
14 years$4,405$3,812$3,289$2,830$2,429$1,604
15 years$4,068$3,482$2,970$2,524$2,138$1,363
16 years$3,775$3,195$2,692$2,260$1,890$1,161
17 years$3,516$2,943$2,450$2,030$1,676$992
18 years$3,286$2,719$2,236$1,830$1,490$850
19 years$3,080$2,520$2,047$1,653$1,328$729
20 years$2,896$2,342$1,879$1,497$1,186$626
21 years$2,729$2,181$1,728$1,359$1,062$539
22 years$2,577$2,036$1,593$1,236$951$464
23 years$2,439$1,904$1,471$1,125$854$400
24 years$2,313$1,784$1,360$1,026$768$345
25 years$2,197$1,674$1,260$937$691$298
26 years$2,090$1,574$1,168$857$622$257
27 years$1,991$1,481$1,085$784$561$222
28 years$1,899$1,396$1,009$719$506$192
29 years$1,814$1,317$939$659$457$166
30 years$1,734$1,243$874$605$413$144
31 years$1,660$1,175$815$556$373$125
32 years$1,591$1,112$760$511$338$108
33 years$1,526$1,053$710$469$306$94
34 years$1,465$998$663$432$277$81
35 years$1,407$947$620$398$251$70
36 years$1,353$899$580$366$227$61
37 years$1,302$853$543$337$206$53
38 years$1,254$811$509$311$187$46
39 years$1,208$771$476$287$169$40
40 years$1,165$734$447$265$154$34
41 years$1,124$699$419$244$139$30
42 years$1,085$665$393$225$126$26
43 years$1,048$634$369$208$115$22
44 years$1,012$604$346$192$104$19
45 years$979$576$325$177$95$17
46 years$947$550$305$164$86$15
47 years$916$525$287$151$78$13
48 years$887$501$269$140$71$11
49 years$859$478$253$129$64$10
50 years$832$457$238$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $852,000, adding $2,565 every year, while hoping to spend $29,699 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: 33/49/18 Blend
60$852,000$852,000$852,000$852,000
61$941,550$896,394$883,188$967,290
62$1,005,988$908,718$881,175$998,866
63$1,076,004$920,650$878,100$1,029,952
64$1,152,135$932,140$873,894$1,062,827
65$1,234,972$943,134$868,489$1,097,665
66$1,325,166$953,575$861,810$1,134,658
67$1,423,433$963,400$853,781$1,174,022
68$1,530,561$972,544$844,320$1,215,995
69$1,647,417$980,937$833,344$1,260,839
70$1,774,955$988,505$820,763$1,308,848
71$1,914,227$995,168$806,484$1,360,345
72$2,066,389$1,000,842$790,412$1,415,691
73$2,232,713$1,005,436$772,444$1,475,282
74$2,414,603$1,008,856$752,474$1,539,559
75$2,613,601$1,010,998$730,390$1,609,012
76$2,831,408$1,011,756$706,078$1,684,182
77$3,069,894$1,011,015$679,414$1,765,666
78$3,331,121$1,008,652$650,272$1,854,129
79$3,617,357$1,004,539$618,518$1,950,304
80$3,931,104$998,537$584,015$2,055,006
81$4,275,113$990,502$546,616$2,169,131
82$4,652,417$980,279$506,170$2,293,677
83$5,066,355$967,704$462,518$2,429,743
84$5,520,606$952,604$415,495$2,578,548
85$6,019,220$934,795$364,927$2,741,439
86$6,566,662$914,081$310,633$2,919,904
87$7,167,848$890,257$252,426$3,115,590
88$7,828,194$863,105$190,107$3,330,319
89$8,553,665$832,392$123,471$3,566,104
90$9,350,835$797,876$52,303$3,825,167
91$10,226,944$759,295$0$4,109,969
92$11,189,969$716,378$0$4,427,768
93$12,248,699$668,833$0$4,788,039
94$13,412,816$616,356$0$5,184,089
95$14,692,987$558,622$0$5,619,632
96$16,100,966$495,289$0$6,098,765
97$17,649,702$425,995$0$6,626,011
98$19,353,462$350,359$0$7,206,362
99$21,227,965$267,976$0$7,845,326
100$23,290,531$178,421$0$8,548,983