Can I retire at age 61 with 814,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$67,219$66,621$66,036$65,466$64,910$62,383
2 years$33,277$32,657$32,057$31,474$30,909$28,395
3 years$21,964$21,342$20,743$20,166$19,610$17,186
4 years$16,309$15,688$15,095$14,528$13,986$11,672
5 years$12,917$12,300$11,715$11,159$10,632$8,433
6 years$10,656$10,044$9,467$8,924$8,413$6,330
7 years$9,042$8,435$7,867$7,337$6,842$4,875
8 years$7,832$7,230$6,672$6,155$5,676$3,823
9 years$6,891$6,295$5,747$5,243$4,780$3,038
10 years$6,139$5,549$5,010$4,519$4,073$2,439
11 years$5,524$4,940$4,411$3,933$3,503$1,973
12 years$5,012$4,434$3,914$3,450$3,035$1,606
13 years$4,579$4,007$3,497$3,046$2,647$1,313
14 years$4,208$3,642$3,142$2,704$2,320$1,078
15 years$3,887$3,327$2,837$2,411$2,043$888
16 years$3,606$3,053$2,572$2,159$1,806$733
17 years$3,359$2,811$2,341$1,940$1,601$607
18 years$3,139$2,598$2,137$1,748$1,423$503
19 years$2,943$2,408$1,956$1,580$1,269$417
20 years$2,767$2,237$1,795$1,431$1,133$347
21 years$2,607$2,084$1,651$1,298$1,014$288
22 years$2,462$1,945$1,522$1,180$909$240
23 years$2,330$1,819$1,405$1,075$816$200
24 years$2,210$1,705$1,300$981$733$166
25 years$2,099$1,600$1,204$895$660$139
26 years$1,996$1,503$1,116$819$595$116
27 years$1,902$1,415$1,037$749$536$96
28 years$1,814$1,333$964$687$484$80
29 years$1,733$1,258$897$630$437$67
30 years$1,657$1,188$835$578$395$56
31 years$1,586$1,123$779$531$357$47
32 years$1,520$1,063$727$488$323$39
33 years$1,458$1,006$678$449$292$33
34 years$1,399$954$634$413$264$27
35 years$1,345$905$593$380$239$23
36 years$1,293$859$554$350$217$19
37 years$1,244$815$519$322$197$16
38 years$1,198$775$486$297$178$13
39 years$1,154$737$455$274$162$11
40 years$1,113$701$427$253$147$9
41 years$1,074$667$400$233$133$8
42 years$1,036$636$375$215$121$6
43 years$1,001$606$352$199$110$5
44 years$967$577$331$183$99$5
45 years$935$550$310$169$90$4
46 years$904$525$292$156$82$3
47 years$875$501$274$145$74$3
48 years$847$478$257$134$68$2
49 years$820$457$242$123$61$2
50 years$795$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $814,000, adding $6,701 every year, while hoping to spend $25,315 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: 43/35/22 Blend
60$814,000$814,000$814,000$814,000
61$903,940$860,798$848,181$936,761
62$969,207$876,042$849,660$975,936
63$1,040,283$891,185$850,340$1,015,389
64$1,117,733$906,194$850,168$1,057,621
65$1,202,180$921,037$849,087$1,102,902
66$1,294,310$935,675$847,039$1,151,531
67$1,394,877$950,070$843,962$1,203,837
68$1,504,710$964,179$839,791$1,260,182
69$1,624,725$977,958$834,458$1,320,969
70$1,755,927$991,358$827,893$1,386,639
71$1,899,424$1,004,328$820,020$1,457,683
72$2,056,437$1,016,811$810,761$1,534,640
73$2,228,307$1,028,749$800,036$1,618,106
74$2,416,515$1,040,078$787,758$1,708,739
75$2,622,690$1,050,731$773,838$1,807,268
76$2,848,624$1,060,637$758,181$1,914,493
77$3,096,294$1,069,718$740,690$2,031,300
78$3,367,875$1,077,894$721,262$2,158,668
79$3,665,763$1,085,076$699,790$2,297,676
80$3,992,599$1,091,173$676,161$2,449,515
81$4,351,290$1,096,085$650,258$2,615,499
82$4,745,037$1,099,709$621,957$2,797,081
83$5,177,369$1,101,933$591,131$2,995,861
84$5,652,171$1,102,639$557,644$3,213,607
85$6,173,725$1,101,700$521,358$3,452,270
86$6,746,745$1,098,984$482,124$3,714,002
87$7,376,428$1,094,349$439,790$4,001,179
88$8,068,496$1,087,645$394,195$4,316,419
89$8,829,255$1,078,711$345,172$4,662,616
90$9,665,650$1,067,380$292,548$5,042,959
91$10,585,337$1,053,471$236,138$5,460,968
92$11,596,745$1,036,796$175,753$5,920,524
93$12,709,166$1,017,152$111,193$6,425,912
94$13,932,835$994,326$42,252$6,981,856
95$15,279,029$968,093$0$7,593,568
96$16,760,174$938,213$0$8,274,149
97$18,389,960$904,434$0$9,033,650
98$20,183,472$866,488$0$9,869,192
99$22,157,331$824,090$0$10,788,547
100$24,329,851$776,943$0$11,800,282