Can I retire at age 61 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$67,467$66,866$66,280$65,708$65,149$64,495
2 years$33,400$32,778$32,175$31,590$31,023$30,365
3 years$22,045$21,420$20,819$20,240$19,682$19,040
4 years$16,369$15,746$15,151$14,582$14,038$13,416
5 years$12,964$12,345$11,758$11,200$10,671$10,072
6 years$10,695$10,081$9,502$8,957$8,444$7,868
7 years$9,075$8,466$7,896$7,364$6,867$6,314
8 years$7,861$7,257$6,697$6,177$5,697$5,168
9 years$6,916$6,318$5,768$5,262$4,798$4,292
10 years$6,162$5,569$5,029$4,536$4,088$3,605
11 years$5,544$4,958$4,427$3,947$3,516$3,055
12 years$5,030$4,450$3,929$3,462$3,047$2,608
13 years$4,596$4,022$3,510$3,057$2,657$2,240
14 years$4,224$3,656$3,154$2,714$2,329$1,933
15 years$3,901$3,339$2,848$2,420$2,050$1,675
16 years$3,620$3,064$2,582$2,167$1,812$1,457
17 years$3,371$2,822$2,349$1,947$1,607$1,270
18 years$3,151$2,607$2,145$1,755$1,429$1,111
19 years$2,954$2,416$1,963$1,585$1,273$973
20 years$2,777$2,245$1,802$1,436$1,137$854
21 years$2,617$2,092$1,657$1,303$1,018$751
22 years$2,471$1,952$1,527$1,185$912$662
23 years$2,339$1,826$1,410$1,079$819$583
24 years$2,218$1,711$1,304$984$736$515
25 years$2,106$1,606$1,208$899$662$455
26 years$2,004$1,509$1,120$822$597$402
27 years$1,909$1,420$1,040$752$538$356
28 years$1,821$1,338$967$689$485$315
29 years$1,739$1,262$900$632$438$279
30 years$1,663$1,192$838$580$396$247
31 years$1,592$1,127$782$533$358$219
32 years$1,525$1,066$729$490$324$194
33 years$1,463$1,010$681$450$293$173
34 years$1,405$957$636$414$265$153
35 years$1,349$908$595$381$240$136
36 years$1,298$862$556$351$218$121
37 years$1,249$818$521$324$197$107
38 years$1,202$778$488$298$179$95
39 years$1,158$740$457$275$162$85
40 years$1,117$704$428$254$147$75
41 years$1,078$670$402$234$134$67
42 years$1,040$638$377$216$121$59
43 years$1,005$608$353$199$110$53
44 years$971$579$332$184$100$47
45 years$938$552$312$170$91$42
46 years$908$527$293$157$82$37
47 years$878$503$275$145$75$33
48 years$850$480$258$134$68$29
49 years$823$459$243$124$62$26
50 years$798$438$228$115$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $817,000, adding $2,197 every year, while hoping to spend $42,057 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: 32/48/20 Blend
60$817,000$817,000$817,000$817,000
61$902,600$859,299$846,636$925,824
62$949,917$856,657$830,250$940,748
63$1,000,651$852,475$811,905$952,830
64$1,055,105$846,634$791,492$964,964
65$1,113,614$839,008$768,895$977,180
66$1,176,544$829,460$743,995$989,515
67$1,244,297$817,850$716,664$1,002,012
68$1,317,315$804,024$686,772$1,014,724
69$1,396,083$787,823$654,181$1,027,713
70$1,481,134$769,076$618,746$1,041,052
71$1,573,054$747,605$580,318$1,054,826
72$1,672,486$723,218$538,739$1,069,133
73$1,780,137$695,714$493,845$1,084,088
74$1,896,787$664,880$445,465$1,099,822
75$2,023,290$630,489$393,418$1,116,486
76$2,160,587$592,304$337,519$1,134,254
77$2,309,711$550,072$277,571$1,153,322
78$2,471,802$503,526$213,370$1,173,916
79$2,648,112$452,384$144,703$1,196,290
80$2,840,016$396,348$71,347$1,220,736
81$3,049,031$335,103$0$1,247,580
82$3,276,825$268,316$0$1,278,673
83$3,525,233$195,635$0$1,329,299
84$3,796,275$116,689$0$1,384,739
85$4,092,174$31,086$0$1,445,581
86$4,415,379$0$0$1,512,479
87$4,768,583$0$0$1,618,693
88$5,154,753$0$0$1,752,890
89$5,577,156$0$0$1,899,803
90$6,039,387$0$0$2,060,696
91$6,545,407$0$0$2,236,964
92$7,099,575$0$0$2,430,143
93$7,706,695$0$0$2,641,924
94$8,372,054$0$0$2,874,170
95$9,101,477$0$0$3,128,932
96$9,901,379$0$0$3,408,470
97$10,778,825$0$0$3,715,273
98$11,741,596$0$0$4,052,083
99$12,798,265$0$0$4,421,919
100$13,958,274$0$0$4,828,110