Can I retire at age 61 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$66,972$66,375$65,793$65,225$64,670$63,468
2 years$33,154$32,537$31,938$31,358$30,795$29,589
3 years$21,883$21,263$20,666$20,091$19,538$18,365
4 years$16,249$15,631$15,040$14,475$13,935$12,803
5 years$12,869$12,255$11,671$11,118$10,593$9,507
6 years$10,617$10,007$9,432$8,891$8,382$7,343
7 years$9,008$8,404$7,838$7,310$6,817$5,824
8 years$7,803$7,204$6,647$6,132$5,655$4,709
9 years$6,866$6,272$5,725$5,223$4,762$3,863
10 years$6,116$5,528$4,992$4,502$4,058$3,203
11 years$5,504$4,922$4,395$3,918$3,490$2,679
12 years$4,993$4,417$3,900$3,437$3,024$2,257
13 years$4,562$3,992$3,484$3,034$2,637$1,912
14 years$4,193$3,629$3,131$2,694$2,312$1,627
15 years$3,873$3,315$2,827$2,402$2,035$1,390
16 years$3,593$3,041$2,563$2,151$1,799$1,191
17 years$3,347$2,801$2,332$1,933$1,595$1,023
18 years$3,128$2,588$2,129$1,742$1,418$881
19 years$2,932$2,399$1,949$1,574$1,264$761
20 years$2,756$2,229$1,789$1,425$1,129$657
21 years$2,597$2,076$1,645$1,294$1,010$569
22 years$2,453$1,938$1,516$1,176$906$493
23 years$2,322$1,813$1,400$1,071$813$428
24 years$2,201$1,698$1,295$977$731$371
25 years$2,091$1,594$1,199$892$658$323
26 years$1,989$1,498$1,112$816$592$281
27 years$1,895$1,410$1,033$747$534$244
28 years$1,808$1,328$960$684$482$212
29 years$1,726$1,253$893$627$435$185
30 years$1,651$1,183$832$576$393$161
31 years$1,580$1,119$776$529$355$140
32 years$1,514$1,059$724$486$322$122
33 years$1,452$1,003$676$447$291$107
34 years$1,394$950$632$411$263$93
35 years$1,340$901$590$379$239$81
36 years$1,288$855$552$349$216$71
37 years$1,239$812$517$321$196$62
38 years$1,193$772$484$296$178$54
39 years$1,150$734$454$273$161$47
40 years$1,109$698$425$252$146$41
41 years$1,070$665$399$232$133$36
42 years$1,033$633$374$214$120$31
43 years$997$603$351$198$109$27
44 years$964$575$329$183$99$24
45 years$932$548$309$169$90$21
46 years$901$523$290$156$82$18
47 years$872$499$273$144$74$16
48 years$844$477$256$133$67$14
49 years$817$455$241$123$61$12
50 years$792$435$227$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $811,000, adding $5,896 every year, while hoping to spend $46,192 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: 51/44/5 Blend
60$811,000$811,000$811,000$811,000
61$899,804$856,821$844,250$944,351
62$942,436$849,657$823,385$968,082
63$987,868$840,594$800,272$988,355
64$1,036,338$829,490$774,788$1,009,274
65$1,088,104$816,195$746,803$1,030,909
66$1,143,451$800,549$716,182$1,053,340
67$1,202,691$782,384$682,782$1,076,655
68$1,266,166$761,521$646,455$1,100,959
69$1,334,250$737,771$607,047$1,126,365
70$1,407,355$710,934$564,395$1,153,006
71$1,485,933$680,797$518,330$1,181,027
72$1,570,479$647,137$468,675$1,210,596
73$1,661,538$609,717$415,245$1,241,899
74$1,759,708$568,285$357,848$1,275,147
75$1,865,644$522,577$296,282$1,310,576
76$1,980,069$472,313$230,337$1,348,451
77$2,103,775$417,196$159,793$1,389,071
78$2,237,634$356,912$84,420$1,432,769
79$2,382,604$291,132$3,979$1,479,918
80$2,539,738$219,506$0$1,530,937
81$2,710,194$141,664$0$1,590,659
82$2,895,246$57,218$0$1,655,750
83$3,096,294$0$0$1,726,596
84$3,314,880$0$0$1,820,441
85$3,552,698$0$0$1,952,758
86$3,811,615$0$0$2,096,891
87$4,093,682$0$0$2,253,991
88$4,401,158$0$0$2,425,327
89$4,736,530$0$0$2,612,293
90$5,102,532$0$0$2,816,428
91$5,502,178$0$0$3,039,420
92$5,938,782$0$0$3,283,134
93$6,415,994$0$0$3,549,617
94$6,937,832$0$0$3,841,127
95$7,508,721$0$0$4,160,149
96$8,133,533$0$0$4,509,419
97$8,817,631$0$0$4,891,949
98$9,566,924$0$0$5,311,059
99$10,387,916$0$0$5,770,402
100$11,287,772$0$0$6,274,003