Can I retire at age 61 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$67,550$66,948$66,361$65,788$65,228$64,926
2 years$33,440$32,818$32,214$31,629$31,061$30,756
3 years$22,072$21,447$20,845$20,265$19,706$19,408
4 years$16,389$15,766$15,170$14,600$14,055$13,765
5 years$12,980$12,360$11,772$11,214$10,684$10,405
6 years$10,708$10,093$9,514$8,968$8,454$8,184
7 years$9,086$8,476$7,906$7,373$6,875$6,616
8 years$7,870$7,266$6,705$6,185$5,704$5,455
9 years$6,925$6,326$5,775$5,268$4,803$4,565
10 years$6,169$5,576$5,035$4,541$4,093$3,864
11 years$5,551$4,964$4,432$3,952$3,520$3,301
12 years$5,036$4,456$3,934$3,467$3,050$2,841
13 years$4,601$4,027$3,514$3,061$2,660$2,460
14 years$4,229$3,660$3,158$2,717$2,332$2,142
15 years$3,906$3,343$2,851$2,423$2,053$1,872
16 years$3,624$3,068$2,585$2,169$1,814$1,642
17 years$3,375$2,825$2,352$1,949$1,609$1,445
18 years$3,155$2,611$2,147$1,757$1,430$1,275
19 years$2,957$2,419$1,966$1,587$1,275$1,128
20 years$2,780$2,248$1,804$1,438$1,139$1,000
21 years$2,620$2,094$1,659$1,305$1,019$888
22 years$2,474$1,955$1,529$1,186$914$789
23 years$2,342$1,828$1,412$1,080$820$703
24 years$2,220$1,713$1,306$985$737$626
25 years$2,109$1,608$1,210$900$663$559
26 years$2,006$1,511$1,122$823$597$499
27 years$1,911$1,422$1,042$753$539$446
28 years$1,823$1,340$968$690$486$399
29 years$1,741$1,264$901$633$439$357
30 years$1,665$1,194$839$581$397$320
31 years$1,594$1,128$783$533$359$287
32 years$1,527$1,068$730$490$324$257
33 years$1,465$1,011$682$451$293$231
34 years$1,406$958$637$415$266$207
35 years$1,351$909$596$382$241$186
36 years$1,299$863$557$352$218$167
37 years$1,250$819$521$324$198$150
38 years$1,204$779$488$299$179$134
39 years$1,160$741$457$275$162$121
40 years$1,118$705$429$254$147$109
41 years$1,079$671$402$234$134$98
42 years$1,041$639$377$216$121$88
43 years$1,006$609$354$200$110$79
44 years$972$580$332$184$100$71
45 years$940$553$312$170$91$64
46 years$909$528$293$157$82$57
47 years$879$504$275$145$75$52
48 years$851$481$259$134$68$46
49 years$824$459$243$124$62$42
50 years$799$439$229$115$56$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $818,000, adding $2,914 every year, while hoping to spend $45,163 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: 38/49/13 Blend
60$818,000$818,000$818,000$818,000
61$904,442$861,088$848,409$935,138
62$948,642$855,228$828,777$951,425
63$995,836$847,567$806,975$964,423
64$1,046,284$837,970$782,880$977,483
65$1,100,266$826,292$756,368$990,632
66$1,158,093$812,380$727,307$1,003,904
67$1,220,105$796,074$695,558$1,017,339
68$1,286,675$777,200$660,978$1,030,988
69$1,358,211$755,579$623,416$1,044,906
70$1,435,164$731,017$582,716$1,059,164
71$1,518,026$703,312$538,712$1,073,840
72$1,607,338$672,248$491,233$1,089,029
73$1,703,697$637,598$440,099$1,104,838
74$1,807,755$599,121$385,123$1,121,393
75$1,920,230$556,563$326,109$1,138,836
76$2,041,913$509,654$262,853$1,157,334
77$2,173,671$458,110$195,142$1,177,074
78$2,316,458$401,629$122,751$1,198,272
79$2,471,323$339,895$45,450$1,221,172
80$2,639,419$272,572$0$1,246,053
81$2,822,016$199,304$0$1,278,368
82$3,020,510$119,718$0$1,320,398
83$3,236,435$33,417$0$1,366,270
84$3,471,481$0$0$1,416,477
85$3,727,507$0$0$1,503,932
86$4,006,559$0$0$1,618,992
87$4,310,888$0$0$1,744,581
88$4,642,971$0$0$1,881,733
89$5,005,537$0$0$2,031,591
90$5,401,587$0$0$2,195,408
91$5,834,428$0$0$2,374,568
92$6,307,697$0$0$2,570,592
93$6,825,402$0$0$2,785,155
94$7,391,953$0$0$3,020,103
95$8,012,210$0$0$3,277,468
96$8,691,520$0$0$3,559,487
97$9,435,775$0$0$3,868,626
98$10,251,462$0$0$4,207,598
99$11,145,726$0$0$4,579,393
100$12,126,436$0$0$4,987,304