Can I retire at age 61 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$67,632$67,030$66,442$65,868$65,308$63,498
2 years$33,481$32,858$32,253$31,667$31,099$29,289
3 years$22,099$21,473$20,870$20,290$19,731$17,977
4 years$16,409$15,785$15,188$14,618$14,072$12,388
5 years$12,996$12,376$11,787$11,228$10,697$9,088
6 years$10,721$10,106$9,525$8,979$8,464$6,932
7 years$9,097$8,487$7,916$7,382$6,884$5,427
8 years$7,880$7,275$6,713$6,193$5,711$4,330
9 years$6,933$6,334$5,782$5,275$4,809$3,503
10 years$6,177$5,583$5,041$4,547$4,098$2,864
11 years$5,558$4,970$4,438$3,957$3,524$2,361
12 years$5,043$4,461$3,938$3,471$3,054$1,959
13 years$4,607$4,031$3,519$3,064$2,663$1,634
14 years$4,234$3,664$3,162$2,720$2,335$1,369
15 years$3,911$3,348$2,855$2,426$2,055$1,151
16 years$3,628$3,071$2,588$2,172$1,817$970
17 years$3,380$2,829$2,355$1,952$1,611$820
18 years$3,159$2,614$2,150$1,759$1,432$694
19 years$2,961$2,422$1,968$1,589$1,277$589
20 years$2,784$2,251$1,806$1,439$1,140$500
21 years$2,623$2,097$1,661$1,306$1,020$425
22 years$2,477$1,957$1,531$1,188$915$362
23 years$2,345$1,831$1,414$1,082$821$309
24 years$2,223$1,715$1,308$987$738$263
25 years$2,112$1,610$1,211$901$664$224
26 years$2,009$1,513$1,123$824$598$192
27 years$1,914$1,424$1,043$754$539$164
28 years$1,825$1,341$970$691$487$140
29 years$1,743$1,266$902$634$439$119
30 years$1,667$1,195$840$581$397$102
31 years$1,596$1,130$783$534$359$87
32 years$1,529$1,069$731$491$325$75
33 years$1,467$1,012$683$451$294$64
34 years$1,408$960$638$415$266$55
35 years$1,353$910$596$382$241$47
36 years$1,301$864$558$352$218$40
37 years$1,252$820$522$324$198$34
38 years$1,205$780$489$299$179$29
39 years$1,161$741$458$276$163$25
40 years$1,120$705$429$254$148$21
41 years$1,080$671$403$235$134$18
42 years$1,043$639$378$216$121$16
43 years$1,007$609$354$200$110$13
44 years$973$581$333$185$100$12
45 years$941$554$312$170$91$10
46 years$910$528$293$157$82$8
47 years$880$504$276$145$75$7
48 years$852$481$259$134$68$6
49 years$825$460$243$124$62$5
50 years$800$439$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $819,000, adding $4,145 every year, while hoping to spend $22,356 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: 57/15/28 Blend
60$819,000$819,000$819,000$819,000
61$906,814$863,407$850,712$951,322
62$975,522$881,927$855,424$1,000,859
63$1,050,489$900,605$859,545$1,052,137
64$1,132,330$919,426$863,031$1,107,573
65$1,221,722$938,372$865,837$1,167,576
66$1,319,409$957,424$867,914$1,232,598
67$1,426,213$976,561$869,212$1,303,135
68$1,543,035$995,761$869,679$1,379,738
69$1,670,870$1,015,000$869,260$1,463,010
70$1,810,814$1,034,249$867,895$1,553,618
71$1,964,072$1,053,482$865,524$1,652,297
72$2,131,971$1,072,667$862,083$1,759,859
73$2,315,975$1,091,770$857,506$1,877,196
74$2,517,693$1,110,756$851,721$2,005,296
75$2,738,899$1,129,584$844,655$2,145,243
76$2,981,547$1,148,214$836,231$2,298,238
77$3,247,788$1,166,600$826,368$2,465,600
78$3,539,992$1,184,693$814,981$2,648,787
79$3,860,771$1,202,443$801,983$2,849,404
80$4,213,000$1,219,793$787,279$3,069,223
81$4,599,847$1,236,683$770,774$3,310,197
82$5,024,801$1,253,051$752,365$3,574,477
83$5,491,707$1,268,827$731,946$3,864,437
84$6,004,801$1,283,939$709,405$4,182,695
85$6,568,748$1,298,309$684,628$4,532,134
86$7,188,688$1,311,854$657,491$4,915,937
87$7,870,286$1,324,486$627,868$5,337,608
88$8,619,779$1,336,110$595,625$5,801,015
89$9,444,042$1,346,625$560,624$6,310,420
90$10,350,648$1,355,924$522,720$6,870,520
91$11,347,944$1,363,893$481,760$7,486,495
92$12,445,121$1,370,411$437,586$8,164,057
93$13,652,311$1,375,349$390,032$8,909,499
94$14,980,674$1,378,569$338,926$9,729,761
95$16,442,509$1,379,925$284,086$10,632,494
96$18,051,366$1,379,262$225,324$11,626,128
97$19,822,176$1,376,416$162,443$12,719,961
98$21,771,390$1,371,212$95,237$13,924,240
99$23,917,135$1,363,465$23,491$15,250,258
100$26,279,385$1,352,978$0$16,710,469