Can I retire at age 61 with 855,000?

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 $855,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$70,605$69,976$69,363$68,764$68,179$67,778
2 years$34,953$34,302$33,671$33,059$32,466$32,061
3 years$23,071$22,417$21,787$21,182$20,598$20,202
4 years$17,130$16,479$15,856$15,260$14,691$14,307
5 years$13,567$12,920$12,305$11,721$11,168$10,797
6 years$11,193$10,550$9,944$9,374$8,836$8,479
7 years$9,497$8,860$8,264$7,707$7,186$6,843
8 years$8,226$7,594$7,008$6,465$5,962$5,632
9 years$7,238$6,612$6,036$5,507$5,021$4,705
10 years$6,448$5,828$5,262$4,747$4,278$3,976
11 years$5,802$5,189$4,633$4,131$3,679$3,390
12 years$5,264$4,657$4,112$3,624$3,188$2,913
13 years$4,810$4,209$3,673$3,199$2,780$2,517
14 years$4,420$3,826$3,301$2,840$2,437$2,187
15 years$4,083$3,495$2,980$2,533$2,146$1,908
16 years$3,788$3,206$2,702$2,268$1,897$1,670
17 years$3,528$2,953$2,459$2,037$1,682$1,467
18 years$3,297$2,729$2,244$1,836$1,495$1,292
19 years$3,091$2,529$2,055$1,659$1,333$1,140
20 years$2,906$2,350$1,886$1,503$1,190$1,008
21 years$2,738$2,189$1,734$1,364$1,065$893
22 years$2,586$2,043$1,599$1,240$955$792
23 years$2,448$1,911$1,476$1,129$857$704
24 years$2,321$1,790$1,365$1,030$770$626
25 years$2,204$1,680$1,264$941$693$557
26 years$2,097$1,579$1,173$860$624$497
27 years$1,998$1,486$1,089$787$563$443
28 years$1,906$1,400$1,012$721$508$395
29 years$1,820$1,321$942$661$459$353
30 years$1,740$1,248$877$607$414$315
31 years$1,666$1,179$818$557$375$282
32 years$1,596$1,116$763$512$339$252
33 years$1,531$1,057$713$471$307$226
34 years$1,470$1,002$666$433$278$202
35 years$1,412$950$622$399$252$181
36 years$1,358$902$582$368$228$162
37 years$1,307$856$545$339$207$145
38 years$1,258$814$510$312$187$130
39 years$1,212$774$478$288$170$116
40 years$1,169$736$448$265$154$104
41 years$1,128$701$420$245$140$94
42 years$1,089$668$394$226$127$84
43 years$1,051$636$370$209$115$75
44 years$1,016$606$347$193$104$67
45 years$982$578$326$178$95$60
46 years$950$552$306$164$86$54
47 years$919$526$288$152$78$49
48 years$890$502$270$140$71$44
49 years$862$480$254$130$64$39
50 years$835$458$239$120$59$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $855,000, adding $3,612 every year, while hoping to spend $43,477 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: 46/36/18 Blend
60$855,000$855,000$855,000$855,000
61$945,936$900,621$887,368$984,438
62$996,162$898,492$870,836$1,009,548
63$1,050,054$894,802$852,293$1,032,127
64$1,107,940$889,428$831,625$1,055,702
65$1,170,180$882,240$808,715$1,080,386
66$1,237,170$873,100$783,437$1,106,303
67$1,309,342$861,864$755,664$1,133,595
68$1,387,175$848,375$725,258$1,162,420
69$1,471,191$832,470$692,079$1,192,955
70$1,561,967$813,975$655,978$1,225,398
71$1,660,134$792,706$616,799$1,259,973
72$1,766,388$768,469$574,382$1,296,927
73$1,881,493$741,057$528,557$1,336,539
74$2,006,288$710,252$479,148$1,379,121
75$2,141,699$675,824$425,968$1,425,018
76$2,288,741$637,528$368,827$1,474,619
77$2,448,532$595,106$307,522$1,528,354
78$2,622,301$548,285$241,843$1,586,705
79$2,811,401$496,776$171,570$1,650,208
80$3,017,321$440,275$96,474$1,719,460
81$3,241,698$378,459$16,316$1,795,124
82$3,486,334$310,987$0$1,877,941
83$3,753,214$237,499$0$1,982,026
84$4,044,521$157,615$0$2,099,205
85$4,362,658$70,934$0$2,227,408
86$4,710,271$0$0$2,367,816
87$5,090,274$0$0$2,530,834
88$5,505,873$0$0$2,739,949
89$5,960,599$0$0$2,968,850
90$6,458,341$0$0$3,219,505
91$7,003,380$0$0$3,494,084
92$7,600,430$0$0$3,794,975
93$8,254,686$0$0$4,124,808
94$8,971,864$0$0$4,486,481
95$9,758,263$0$0$4,883,184
96$10,620,820$0$0$5,318,432
97$11,567,175$0$0$5,796,096
98$12,605,744$0$0$6,320,440
99$13,745,796$0$0$6,896,161
100$14,997,543$0$0$7,528,433