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%16.9%
1 years$67,137$66,539$65,955$65,386$64,830$63,007
2 years$33,236$32,617$32,017$31,435$30,871$29,049
3 years$21,937$21,316$20,717$20,141$19,586$17,821
4 years$16,289$15,669$15,077$14,510$13,969$12,275
5 years$12,901$12,285$11,700$11,145$10,619$9,000
6 years$10,643$10,032$9,456$8,913$8,402$6,861
7 years$9,031$8,424$7,858$7,328$6,833$5,369
8 years$7,822$7,221$6,664$6,147$5,669$4,281
9 years$6,883$6,287$5,740$5,236$4,774$3,461
10 years$6,131$5,542$5,004$4,514$4,068$2,828
11 years$5,517$4,934$4,405$3,928$3,498$2,329
12 years$5,006$4,428$3,910$3,446$3,032$1,932
13 years$4,573$4,002$3,493$3,042$2,644$1,610
14 years$4,203$3,638$3,138$2,700$2,317$1,348
15 years$3,882$3,323$2,834$2,408$2,040$1,132
16 years$3,602$3,049$2,569$2,156$1,803$954
17 years$3,355$2,808$2,338$1,937$1,599$806
18 years$3,135$2,595$2,134$1,746$1,422$682
19 years$2,939$2,405$1,954$1,578$1,267$578
20 years$2,763$2,234$1,793$1,429$1,132$490
21 years$2,604$2,081$1,649$1,297$1,013$417
22 years$2,459$1,943$1,520$1,179$908$354
23 years$2,328$1,817$1,403$1,074$815$302
24 years$2,207$1,703$1,298$979$733$257
25 years$2,096$1,598$1,202$894$659$219
26 years$1,994$1,502$1,115$818$594$187
27 years$1,900$1,413$1,035$749$535$159
28 years$1,812$1,332$962$686$483$136
29 years$1,731$1,256$896$629$436$116
30 years$1,655$1,186$834$577$394$99
31 years$1,584$1,122$778$530$356$85
32 years$1,518$1,061$726$487$322$72
33 years$1,456$1,005$678$448$292$62
34 years$1,398$952$633$412$264$53
35 years$1,343$903$592$379$239$45
36 years$1,291$857$554$349$217$39
37 years$1,242$814$518$322$196$33
38 years$1,196$774$485$297$178$28
39 years$1,153$736$455$274$161$24
40 years$1,111$700$426$252$146$21
41 years$1,072$667$400$233$133$18
42 years$1,035$635$375$215$121$15
43 years$1,000$605$352$198$109$13
44 years$966$577$330$183$99$11
45 years$934$550$310$169$90$9
46 years$903$524$291$156$82$8
47 years$874$500$274$144$74$7
48 years$846$478$257$133$68$6
49 years$819$456$242$123$61$5
50 years$794$436$227$114$56$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $813,000, adding $3,825 every year, while hoping to spend $49,934 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: 45/28/27 Blend
60$813,000$813,000$813,000$813,000
61$899,871$856,782$844,181$933,194
62$938,529$845,635$819,332$946,075
63$979,456$832,269$791,976$954,926
64$1,022,831$816,521$761,978$963,558
65$1,068,850$798,220$729,195$971,978
66$1,117,726$777,186$693,476$980,196
67$1,169,693$753,227$654,666$988,230
68$1,225,006$726,140$612,602$996,100
69$1,283,945$695,709$567,112$1,003,835
70$1,346,817$661,708$518,020$1,011,469
71$1,413,956$623,896$465,138$1,019,049
72$1,485,732$582,019$408,272$1,026,626
73$1,562,546$535,807$347,219$1,034,265
74$1,644,841$484,977$281,766$1,042,043
75$1,733,103$429,229$211,693$1,050,050
76$1,827,862$368,244$136,768$1,058,394
77$1,929,704$301,688$56,749$1,067,196
78$2,039,268$229,205$0$1,076,602
79$2,157,259$150,421$0$1,095,029
80$2,284,450$64,942$0$1,132,400
81$2,421,689$0$0$1,172,645
82$2,569,910$0$0$1,224,617
83$2,730,137$0$0$1,302,505
84$2,903,498$0$0$1,386,857
85$3,091,230$0$0$1,478,284
86$3,294,696$0$0$1,577,461
87$3,515,392$0$0$1,685,128
88$3,754,965$0$0$1,802,101
89$4,015,226$0$0$1,929,275
90$4,298,168$0$0$2,067,637
91$4,605,981$0$0$2,218,271
92$4,941,078$0$0$2,382,371
93$5,306,110$0$0$2,561,252
94$5,703,999$0$0$2,756,358
95$6,137,958$0$0$2,969,282
96$6,611,523$0$0$3,201,776
97$7,128,588$0$0$3,455,766
98$7,693,438$0$0$3,733,378
99$8,310,791$0$0$4,036,946
100$8,985,842$0$0$4,369,046