Can I retire at age 61 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$67,137$66,539$65,955$65,386$64,830$63,914
2 years$33,236$32,617$32,017$31,435$30,871$29,950
3 years$21,937$21,316$20,717$20,141$19,586$18,688
4 years$16,289$15,669$15,077$14,510$13,969$13,102
5 years$12,901$12,285$11,700$11,145$10,619$9,785
6 years$10,643$10,032$9,456$8,913$8,402$7,602
7 years$9,031$8,424$7,858$7,328$6,833$6,068
8 years$7,822$7,221$6,664$6,147$5,669$4,937
9 years$6,883$6,287$5,740$5,236$4,774$4,076
10 years$6,131$5,542$5,004$4,514$4,068$3,403
11 years$5,517$4,934$4,405$3,928$3,498$2,866
12 years$5,006$4,428$3,910$3,446$3,032$2,432
13 years$4,573$4,002$3,493$3,042$2,644$2,075
14 years$4,203$3,638$3,138$2,700$2,317$1,779
15 years$3,882$3,323$2,834$2,408$2,040$1,531
16 years$3,602$3,049$2,569$2,156$1,803$1,322
17 years$3,355$2,808$2,338$1,937$1,599$1,145
18 years$3,135$2,595$2,134$1,746$1,422$994
19 years$2,939$2,405$1,954$1,578$1,267$865
20 years$2,763$2,234$1,793$1,429$1,132$753
21 years$2,604$2,081$1,649$1,297$1,013$658
22 years$2,459$1,943$1,520$1,179$908$575
23 years$2,328$1,817$1,403$1,074$815$503
24 years$2,207$1,703$1,298$979$733$440
25 years$2,096$1,598$1,202$894$659$386
26 years$1,994$1,502$1,115$818$594$339
27 years$1,900$1,413$1,035$749$535$297
28 years$1,812$1,332$962$686$483$261
29 years$1,731$1,256$896$629$436$229
30 years$1,655$1,186$834$577$394$202
31 years$1,584$1,122$778$530$356$177
32 years$1,518$1,061$726$487$322$156
33 years$1,456$1,005$678$448$292$137
34 years$1,398$952$633$412$264$121
35 years$1,343$903$592$379$239$106
36 years$1,291$857$554$349$217$94
37 years$1,242$814$518$322$196$82
38 years$1,196$774$485$297$178$73
39 years$1,153$736$455$274$161$64
40 years$1,111$700$426$252$146$56
41 years$1,072$667$400$233$133$50
42 years$1,035$635$375$215$121$44
43 years$1,000$605$352$198$109$39
44 years$966$577$330$183$99$34
45 years$934$550$310$169$90$30
46 years$903$524$291$156$82$26
47 years$874$500$274$144$74$23
48 years$846$478$257$133$68$21
49 years$819$456$242$123$61$18
50 years$794$436$227$114$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $813,000, adding $5,645 every year, while hoping to spend $38,318 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: 46/49/5 Blend
60$813,000$813,000$813,000$813,000
61$901,749$858,660$846,058$941,772
62$952,957$859,964$833,631$971,141
63$1,008,104$860,048$819,504$998,503
64$1,067,552$858,811$803,578$1,027,276
65$1,131,697$856,148$785,752$1,057,601
66$1,200,975$851,944$765,920$1,089,636
67$1,275,866$846,080$743,970$1,123,557
68$1,356,896$838,430$719,784$1,159,559
69$1,444,643$828,857$693,241$1,197,861
70$1,539,746$817,220$664,214$1,238,704
71$1,642,903$803,367$632,568$1,282,360
72$1,754,885$787,137$598,164$1,329,129
73$1,876,537$768,361$560,857$1,379,345
74$2,008,791$746,859$520,493$1,433,380
75$2,152,672$722,439$476,914$1,491,648
76$2,309,307$694,901$429,953$1,554,607
77$2,479,936$664,031$379,436$1,622,769
78$2,665,925$629,603$325,182$1,696,699
79$2,868,774$591,379$267,001$1,777,026
80$3,090,139$549,106$204,695$1,864,450
81$3,331,838$502,518$138,058$1,959,745
82$3,595,876$451,331$66,873$2,063,770
83$3,884,457$395,248$0$2,177,479
84$4,200,011$333,954$0$2,302,414
85$4,545,210$267,116$0$2,443,100
86$4,922,998$194,382$0$2,597,277
87$5,336,618$115,381$0$2,766,398
88$5,789,638$29,719$0$2,952,071
89$6,285,990$0$0$3,156,075
90$6,830,003$0$0$3,414,358
91$7,426,444$0$0$3,715,197
92$8,080,566$0$0$4,045,228
93$8,798,152$0$0$4,407,381
94$9,585,572$0$0$4,804,884
95$10,449,845$0$0$5,241,293
96$11,398,700$0$0$5,720,524
97$12,440,651$0$0$6,246,892
98$13,585,079$0$0$6,825,151
99$14,842,316$0$0$7,460,535
100$16,223,746$0$0$8,158,815