Can I retire at age 61 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$67,219$66,621$66,036$65,466$64,910$64,178
2 years$33,277$32,657$32,057$31,474$30,909$30,173
3 years$21,964$21,342$20,743$20,166$19,610$18,892
4 years$16,309$15,688$15,095$14,528$13,986$13,291
5 years$12,917$12,300$11,715$11,159$10,632$9,963
6 years$10,656$10,044$9,467$8,924$8,413$7,770
7 years$9,042$8,435$7,867$7,337$6,842$6,226
8 years$7,832$7,230$6,672$6,155$5,676$5,086
9 years$6,891$6,295$5,747$5,243$4,780$4,217
10 years$6,139$5,549$5,010$4,519$4,073$3,535
11 years$5,524$4,940$4,411$3,933$3,503$2,991
12 years$5,012$4,434$3,914$3,450$3,035$2,548
13 years$4,579$4,007$3,497$3,046$2,647$2,184
14 years$4,208$3,642$3,142$2,704$2,320$1,881
15 years$3,887$3,327$2,837$2,411$2,043$1,627
16 years$3,606$3,053$2,572$2,159$1,806$1,412
17 years$3,359$2,811$2,341$1,940$1,601$1,229
18 years$3,139$2,598$2,137$1,748$1,423$1,072
19 years$2,943$2,408$1,956$1,580$1,269$937
20 years$2,767$2,237$1,795$1,431$1,133$821
21 years$2,607$2,084$1,651$1,298$1,014$720
22 years$2,462$1,945$1,522$1,180$909$633
23 years$2,330$1,819$1,405$1,075$816$557
24 years$2,210$1,705$1,300$981$733$490
25 years$2,099$1,600$1,204$895$660$432
26 years$1,996$1,503$1,116$819$595$381
27 years$1,902$1,415$1,037$749$536$336
28 years$1,814$1,333$964$687$484$297
29 years$1,733$1,258$897$630$437$263
30 years$1,657$1,188$835$578$395$232
31 years$1,586$1,123$779$531$357$205
32 years$1,520$1,063$727$488$323$182
33 years$1,458$1,006$678$449$292$161
34 years$1,399$954$634$413$264$142
35 years$1,345$905$593$380$239$126
36 years$1,293$859$554$350$217$112
37 years$1,244$815$519$322$197$99
38 years$1,198$775$486$297$178$88
39 years$1,154$737$455$274$162$78
40 years$1,113$701$427$253$147$69
41 years$1,074$667$400$233$133$61
42 years$1,036$636$375$215$121$54
43 years$1,001$606$352$199$110$48
44 years$967$577$331$183$99$43
45 years$935$550$310$169$90$38
46 years$904$525$292$156$82$33
47 years$875$501$274$145$74$30
48 years$847$478$257$134$68$26
49 years$820$457$242$123$61$23
50 years$795$436$227$114$56$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $814,000, adding $5,565 every year, while hoping to spend $38,446 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: 49/35/16 Blend
60$814,000$814,000$814,000$814,000
61$902,768$859,626$847,009$942,734
62$953,944$860,842$834,478$972,124
63$1,009,052$860,828$820,238$999,614
64$1,068,451$859,485$804,192$1,028,638
65$1,132,538$856,705$786,238$1,059,354
66$1,201,748$852,374$766,267$1,091,936
67$1,276,559$846,373$744,170$1,126,580
68$1,357,495$838,572$719,827$1,163,504
69$1,445,135$828,838$693,116$1,202,950
70$1,540,113$817,025$663,910$1,245,186
71$1,643,128$802,982$632,074$1,290,511
72$1,754,946$786,548$597,468$1,339,258
73$1,876,413$767,551$559,946$1,391,796
74$2,008,457$745,811$519,354$1,448,534
75$2,152,101$721,137$475,533$1,509,929
76$2,308,467$693,324$428,315$1,576,484
77$2,478,794$662,160$377,527$1,648,761
78$2,664,442$627,417$322,985$1,727,381
79$2,866,909$588,855$264,500$1,813,034
80$3,087,846$546,221$201,872$1,906,484
81$3,329,066$499,245$134,894$2,008,578
82$3,592,567$447,645$63,350$2,120,257
83$3,880,550$391,121$0$2,242,559
84$4,195,435$329,355$0$2,378,858
85$4,539,890$262,014$0$2,539,895
86$4,916,849$188,743$0$2,716,300
87$5,329,546$109,169$0$2,909,681
88$5,781,540$22,899$0$3,121,814
89$6,276,751$0$0$3,354,664
90$6,819,496$0$0$3,637,548
91$7,414,532$0$0$3,957,442
92$8,067,093$0$0$4,308,355
93$8,782,948$0$0$4,693,400
94$9,568,450$0$0$5,116,005
95$10,430,598$0$0$5,579,948
96$11,377,098$0$0$6,089,390
97$12,416,443$0$0$6,648,914
98$13,557,986$0$0$7,263,569
99$14,812,031$0$0$7,938,918
100$16,189,929$0$0$8,681,088