Can I retire at age 61 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$67,715$67,112$66,523$65,949$65,388$64,015
2 years$33,522$32,898$32,293$31,706$31,137$29,761
3 years$22,126$21,499$20,896$20,314$19,755$18,417
4 years$16,429$15,804$15,207$14,635$14,089$12,801
5 years$13,012$12,391$11,801$11,241$10,710$9,476
6 years$10,735$10,118$9,537$8,990$8,475$7,294
7 years$9,108$8,497$7,925$7,391$6,892$5,767
8 years$7,889$7,283$6,721$6,200$5,718$4,646
9 years$6,942$6,342$5,789$5,281$4,815$3,797
10 years$6,184$5,590$5,047$4,552$4,103$3,138
11 years$5,565$4,976$4,443$3,962$3,529$2,615
12 years$5,049$4,466$3,943$3,475$3,058$2,194
13 years$4,613$4,036$3,523$3,068$2,666$1,851
14 years$4,239$3,669$3,165$2,723$2,337$1,569
15 years$3,916$3,352$2,858$2,429$2,058$1,334
16 years$3,633$3,075$2,591$2,175$1,819$1,139
17 years$3,384$2,832$2,358$1,954$1,613$974
18 years$3,162$2,617$2,152$1,761$1,434$835
19 years$2,965$2,425$1,970$1,591$1,278$718
20 years$2,787$2,254$1,808$1,441$1,142$618
21 years$2,626$2,099$1,663$1,308$1,022$532
22 years$2,480$1,960$1,533$1,189$916$459
23 years$2,348$1,833$1,416$1,083$822$396
24 years$2,226$1,717$1,309$988$739$342
25 years$2,114$1,611$1,212$902$665$296
26 years$2,011$1,515$1,125$825$599$256
27 years$1,916$1,425$1,044$755$540$222
28 years$1,828$1,343$971$692$487$192
29 years$1,746$1,267$903$634$440$167
30 years$1,669$1,197$841$582$398$144
31 years$1,598$1,131$784$535$359$125
32 years$1,531$1,070$732$491$325$109
33 years$1,468$1,014$683$452$294$94
34 years$1,410$961$639$416$266$82
35 years$1,354$911$597$383$241$71
36 years$1,302$865$558$352$219$62
37 years$1,253$821$523$325$198$53
38 years$1,207$781$489$299$180$46
39 years$1,163$742$459$276$163$40
40 years$1,121$706$430$255$148$35
41 years$1,082$672$403$235$134$30
42 years$1,044$640$378$217$122$26
43 years$1,008$610$355$200$110$23
44 years$974$581$333$185$100$20
45 years$942$555$313$171$91$17
46 years$911$529$294$158$83$15
47 years$882$505$276$146$75$13
48 years$853$482$259$135$68$11
49 years$826$460$244$124$62$10
50 years$801$440$229$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $820,000, adding $2,881 every year, while hoping to spend $38,394 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: 60/34/6 Blend
60$820,000$820,000$820,000$820,000
61$906,612$863,152$850,442$959,802
62$958,235$864,595$838,081$997,184
63$1,013,838$864,823$824,019$1,033,260
64$1,073,784$863,734$808,158$1,071,631
65$1,138,476$861,223$790,397$1,112,517
66$1,208,354$857,176$770,629$1,156,164
67$1,283,902$851,475$748,742$1,202,843
68$1,365,655$843,991$724,619$1,252,852
69$1,454,195$834,591$698,138$1,306,525
70$1,550,169$823,131$669,171$1,364,226
71$1,654,282$809,460$637,584$1,426,363
72$1,767,314$793,419$603,238$1,493,385
73$1,890,120$774,837$565,987$1,565,787
74$2,023,643$753,534$525,678$1,644,119
75$2,168,918$729,320$482,151$1,728,989
76$2,327,085$701,995$435,241$1,821,068
77$2,499,398$671,343$384,772$1,921,099
78$2,687,239$637,141$330,564$2,029,903
79$2,892,126$599,150$272,427$2,148,387
80$3,115,731$557,116$210,161$2,277,557
81$3,359,895$510,774$143,561$2,418,519
82$3,626,644$459,842$72,410$2,572,501
83$3,918,209$404,021$0$2,740,858
84$4,237,045$342,997$0$2,925,311
85$4,585,856$276,437$0$3,132,251
86$4,967,621$203,989$0$3,358,881
87$5,385,616$125,283$0$3,607,237
88$5,843,453$39,926$0$3,879,565
89$6,345,107$0$0$4,178,347
90$6,894,957$0$0$4,525,963
91$7,497,825$0$0$4,923,540
92$8,159,022$0$0$5,359,652
93$8,884,399$0$0$5,838,166
94$9,680,399$0$0$6,363,341
95$10,554,119$0$0$6,939,868
96$11,513,377$0$0$7,572,917
97$12,566,787$0$0$8,268,180
98$13,723,834$0$0$9,031,928
99$14,994,969$0$0$9,871,071
100$16,391,706$0$0$10,793,221