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%12.4%
1 years$67,632$67,030$66,442$65,868$65,308$64,653
2 years$33,481$32,858$32,253$31,667$31,099$30,439
3 years$22,099$21,473$20,870$20,290$19,731$19,086
4 years$16,409$15,785$15,188$14,618$14,072$13,449
5 years$12,996$12,376$11,787$11,228$10,697$10,096
6 years$10,721$10,106$9,525$8,979$8,464$7,887
7 years$9,097$8,487$7,916$7,382$6,884$6,330
8 years$7,880$7,275$6,713$6,193$5,711$5,180
9 years$6,933$6,334$5,782$5,275$4,809$4,302
10 years$6,177$5,583$5,041$4,547$4,098$3,614
11 years$5,558$4,970$4,438$3,957$3,524$3,063
12 years$5,043$4,461$3,938$3,471$3,054$2,615
13 years$4,607$4,031$3,519$3,064$2,663$2,245
14 years$4,234$3,664$3,162$2,720$2,335$1,938
15 years$3,911$3,348$2,855$2,426$2,055$1,679
16 years$3,628$3,071$2,588$2,172$1,817$1,460
17 years$3,380$2,829$2,355$1,952$1,611$1,274
18 years$3,159$2,614$2,150$1,759$1,432$1,114
19 years$2,961$2,422$1,968$1,589$1,277$976
20 years$2,784$2,251$1,806$1,439$1,140$857
21 years$2,623$2,097$1,661$1,306$1,020$753
22 years$2,477$1,957$1,531$1,188$915$663
23 years$2,345$1,831$1,414$1,082$821$585
24 years$2,223$1,715$1,308$987$738$516
25 years$2,112$1,610$1,211$901$664$456
26 years$2,009$1,513$1,123$824$598$403
27 years$1,914$1,424$1,043$754$539$357
28 years$1,825$1,341$970$691$487$316
29 years$1,743$1,266$902$634$439$280
30 years$1,667$1,195$840$581$397$248
31 years$1,596$1,130$783$534$359$220
32 years$1,529$1,069$731$491$325$195
33 years$1,467$1,012$683$451$294$173
34 years$1,408$960$638$415$266$154
35 years$1,353$910$596$382$241$136
36 years$1,301$864$558$352$218$121
37 years$1,252$820$522$324$198$108
38 years$1,205$780$489$299$179$96
39 years$1,161$741$458$276$163$85
40 years$1,120$705$429$254$148$75
41 years$1,080$671$403$235$134$67
42 years$1,043$639$378$216$121$60
43 years$1,007$609$354$200$110$53
44 years$973$581$333$185$100$47
45 years$941$554$312$170$91$42
46 years$910$528$293$157$82$37
47 years$880$504$276$145$75$33
48 years$852$481$259$134$68$29
49 years$825$460$243$124$62$26
50 years$800$439$229$115$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $819,000, adding $2,277 every year, while hoping to spend $24,926 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: 56/24/20 Blend
60$819,000$819,000$819,000$819,000
61$904,887$861,480$848,785$950,576
62$970,664$877,171$850,698$997,697
63$1,042,315$892,796$851,840$1,046,147
64$1,120,413$908,325$852,159$1,098,383
65$1,205,588$923,726$851,599$1,154,775
66$1,298,534$938,964$850,104$1,215,731
67$1,400,015$954,004$847,612$1,281,700
68$1,510,872$968,805$844,062$1,353,177
69$1,632,029$983,325$839,387$1,430,711
70$1,764,506$997,518$833,517$1,514,904
71$1,909,426$1,011,336$826,379$1,606,421
72$2,068,023$1,024,727$817,898$1,705,996
73$2,241,657$1,037,635$807,994$1,814,438
74$2,431,827$1,050,000$796,583$1,932,639
75$2,640,183$1,061,759$783,578$2,061,584
76$2,868,540$1,072,844$768,887$2,202,356
77$3,118,901$1,083,183$752,413$2,356,154
78$3,393,467$1,092,698$734,058$2,524,296
79$3,694,668$1,101,307$713,716$2,708,240
80$4,025,175$1,108,922$691,277$2,909,588
81$4,387,934$1,115,451$666,626$3,130,113
82$4,786,189$1,120,793$639,643$3,371,765
83$5,223,512$1,124,844$610,203$3,636,698
84$5,703,840$1,127,491$578,175$3,927,285
85$6,231,509$1,128,615$543,420$4,246,144
86$6,811,295$1,128,089$505,797$4,596,162
87$7,448,460$1,125,779$465,154$4,980,519
88$8,148,802$1,121,541$421,336$5,402,728
89$8,918,708$1,115,225$374,179$5,866,656
90$9,765,215$1,106,669$323,512$6,376,571
91$10,696,074$1,095,703$269,157$6,937,178
92$11,719,827$1,082,146$210,928$7,553,662
93$12,845,885$1,065,807$148,630$8,231,745
94$14,084,616$1,046,482$82,059$8,977,730
95$15,447,444$1,023,956$11,005$9,798,571
96$16,946,955$998,002$0$10,701,931
97$18,597,018$968,378$0$11,710,094
98$20,412,914$934,829$0$12,821,950
99$22,411,480$897,084$0$14,045,468
100$24,611,268$854,859$0$15,392,025