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%13.7%
1 years$67,715$67,112$66,523$65,949$65,388$64,384
2 years$33,522$32,898$32,293$31,706$31,137$30,128
3 years$22,126$21,499$20,896$20,314$19,755$18,772
4 years$16,429$15,804$15,207$14,635$14,089$13,141
5 years$13,012$12,391$11,801$11,241$10,710$9,798
6 years$10,735$10,118$9,537$8,990$8,475$7,600
7 years$9,108$8,497$7,925$7,391$6,892$6,056
8 years$7,889$7,283$6,721$6,200$5,718$4,919
9 years$6,942$6,342$5,789$5,281$4,815$4,054
10 years$6,184$5,590$5,047$4,552$4,103$3,379
11 years$5,565$4,976$4,443$3,962$3,529$2,840
12 years$5,049$4,466$3,943$3,475$3,058$2,405
13 years$4,613$4,036$3,523$3,068$2,666$2,048
14 years$4,239$3,669$3,165$2,723$2,337$1,752
15 years$3,916$3,352$2,858$2,429$2,058$1,505
16 years$3,633$3,075$2,591$2,175$1,819$1,297
17 years$3,384$2,832$2,358$1,954$1,613$1,121
18 years$3,162$2,617$2,152$1,761$1,434$971
19 years$2,965$2,425$1,970$1,591$1,278$843
20 years$2,787$2,254$1,808$1,441$1,142$733
21 years$2,626$2,099$1,663$1,308$1,022$638
22 years$2,480$1,960$1,533$1,189$916$556
23 years$2,348$1,833$1,416$1,083$822$486
24 years$2,226$1,717$1,309$988$739$424
25 years$2,114$1,611$1,212$902$665$371
26 years$2,011$1,515$1,125$825$599$325
27 years$1,916$1,425$1,044$755$540$284
28 years$1,828$1,343$971$692$487$249
29 years$1,746$1,267$903$634$440$218
30 years$1,669$1,197$841$582$398$191
31 years$1,598$1,131$784$535$359$168
32 years$1,531$1,070$732$491$325$147
33 years$1,468$1,014$683$452$294$129
34 years$1,410$961$639$416$266$114
35 years$1,354$911$597$383$241$100
36 years$1,302$865$558$352$219$88
37 years$1,253$821$523$325$198$77
38 years$1,207$781$489$299$180$68
39 years$1,163$742$459$276$163$59
40 years$1,121$706$430$255$148$52
41 years$1,082$672$403$235$134$46
42 years$1,044$640$378$217$122$40
43 years$1,008$610$355$200$110$35
44 years$974$581$333$185$100$31
45 years$942$555$313$171$91$27
46 years$911$529$294$158$83$24
47 years$882$505$276$146$75$21
48 years$853$482$259$135$68$19
49 years$826$460$244$124$62$16
50 years$801$440$229$115$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $820,000, adding $5,546 every year, while hoping to spend $43,876 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: 45/47/8 Blend
60$820,000$820,000$820,000$820,000
61$909,361$865,901$853,191$947,999
62$955,432$861,646$835,089$971,004
63$1,004,732$855,713$814,910$990,963
64$1,057,543$847,971$792,538$1,011,595
65$1,114,177$838,286$767,853$1,032,975
66$1,174,973$826,512$740,726$1,055,192
67$1,240,306$812,497$711,026$1,078,345
68$1,310,585$796,078$678,614$1,102,544
69$1,386,262$777,083$643,344$1,127,918
70$1,467,831$755,330$605,066$1,154,609
71$1,555,835$730,626$563,621$1,182,779
72$1,650,871$702,768$518,844$1,212,609
73$1,753,596$671,540$470,561$1,244,306
74$1,864,731$636,713$418,593$1,278,098
75$1,985,067$598,046$362,750$1,314,245
76$2,115,477$555,283$302,835$1,353,036
77$2,256,919$508,155$238,643$1,394,796
78$2,410,447$456,377$169,959$1,439,891
79$2,577,218$399,645$96,559$1,488,727
80$2,758,509$337,643$18,209$1,541,761
81$2,955,722$270,032$0$1,599,501
82$3,170,400$196,457$0$1,668,100
83$3,404,240$116,543$0$1,744,631
84$3,659,111$29,893$0$1,828,269
85$3,937,070$0$0$1,919,828
86$4,240,380$0$0$2,053,266
87$4,571,532$0$0$2,215,924
88$4,933,268$0$0$2,393,699
89$5,328,608$0$0$2,588,088
90$5,760,875$0$0$2,800,736
91$6,233,729$0$0$3,033,458
92$6,751,199$0$0$3,288,249
93$7,317,722$0$0$3,567,308
94$7,938,185$0$0$3,873,057
95$8,617,968$0$0$4,208,161
96$9,362,996$0$0$4,575,558
97$10,179,796$0$0$4,978,481
98$11,075,555$0$0$5,420,493
99$12,058,191$0$0$5,905,518
100$13,136,422$0$0$6,437,878