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%13.6%
1 years$67,715$67,112$66,523$65,949$65,388$64,411
2 years$33,522$32,898$32,293$31,706$31,137$30,155
3 years$22,126$21,499$20,896$20,314$19,755$18,798
4 years$16,429$15,804$15,207$14,635$14,089$13,165
5 years$13,012$12,391$11,801$11,241$10,710$9,822
6 years$10,735$10,118$9,537$8,990$8,475$7,623
7 years$9,108$8,497$7,925$7,391$6,892$6,077
8 years$7,889$7,283$6,721$6,200$5,718$4,939
9 years$6,942$6,342$5,789$5,281$4,815$4,073
10 years$6,184$5,590$5,047$4,552$4,103$3,396
11 years$5,565$4,976$4,443$3,962$3,529$2,857
12 years$5,049$4,466$3,943$3,475$3,058$2,421
13 years$4,613$4,036$3,523$3,068$2,666$2,063
14 years$4,239$3,669$3,165$2,723$2,337$1,766
15 years$3,916$3,352$2,858$2,429$2,058$1,518
16 years$3,633$3,075$2,591$2,175$1,819$1,309
17 years$3,384$2,832$2,358$1,954$1,613$1,132
18 years$3,162$2,617$2,152$1,761$1,434$981
19 years$2,965$2,425$1,970$1,591$1,278$852
20 years$2,787$2,254$1,808$1,441$1,142$742
21 years$2,626$2,099$1,663$1,308$1,022$646
22 years$2,480$1,960$1,533$1,189$916$564
23 years$2,348$1,833$1,416$1,083$822$493
24 years$2,226$1,717$1,309$988$739$431
25 years$2,114$1,611$1,212$902$665$377
26 years$2,011$1,515$1,125$825$599$330
27 years$1,916$1,425$1,044$755$540$289
28 years$1,828$1,343$971$692$487$254
29 years$1,746$1,267$903$634$440$223
30 years$1,669$1,197$841$582$398$195
31 years$1,598$1,131$784$535$359$171
32 years$1,531$1,070$732$491$325$151
33 years$1,468$1,014$683$452$294$132
34 years$1,410$961$639$416$266$116
35 years$1,354$911$597$383$241$102
36 years$1,302$865$558$352$219$90
37 years$1,253$821$523$325$198$79
38 years$1,207$781$489$299$180$69
39 years$1,163$742$459$276$163$61
40 years$1,121$706$430$255$148$54
41 years$1,082$672$403$235$134$47
42 years$1,044$640$378$217$122$42
43 years$1,008$610$355$200$110$37
44 years$974$581$333$185$100$32
45 years$942$555$313$171$91$28
46 years$911$529$294$158$83$25
47 years$882$505$276$146$75$22
48 years$853$482$259$135$68$19
49 years$826$460$244$124$62$17
50 years$801$440$229$115$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $820,000, adding $2,656 every year, while hoping to spend $49,472 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: 69/12/19 Blend
60$820,000$820,000$820,000$820,000
61$906,380$862,920$850,210$964,542
62$946,193$852,565$826,054$993,344
63$988,408$840,045$799,431$1,018,777
64$1,033,220$825,201$770,205$1,045,385
65$1,080,838$807,865$738,237$1,073,279
66$1,131,493$787,860$703,378$1,102,583
67$1,185,438$764,998$665,473$1,133,436
68$1,242,949$739,079$624,363$1,165,991
69$1,304,329$709,894$579,879$1,200,419
70$1,369,910$677,218$531,844$1,236,910
71$1,440,055$640,815$480,075$1,275,674
72$1,515,163$600,437$424,379$1,316,946
73$1,595,670$555,820$364,557$1,360,986
74$1,682,058$506,684$300,399$1,408,082
75$1,774,851$452,735$231,686$1,458,555
76$1,874,627$393,661$158,189$1,512,760
77$1,982,022$329,132$79,670$1,571,091
78$2,097,730$258,802$0$1,633,984
79$2,222,517$182,302$0$1,702,762
80$2,357,223$99,244$0$1,794,415
81$2,502,771$9,218$0$1,893,425
82$2,660,176$0$0$2,000,508
83$2,830,553$0$0$2,128,104
84$3,015,129$0$0$2,267,690
85$3,215,251$0$0$2,419,072
86$3,432,401$0$0$2,583,378
87$3,668,211$0$0$2,761,847
88$3,924,473$0$0$2,955,840
89$4,203,159$0$0$3,166,858
90$4,506,442$0$0$3,396,550
91$4,836,707$0$0$3,646,731
92$5,196,584$0$0$3,919,397
93$5,588,964$0$0$4,216,748
94$6,017,030$0$0$4,541,201
95$6,484,286$0$0$4,895,421
96$6,994,587$0$0$5,282,339
97$7,552,180$0$0$5,705,181
98$8,161,738$0$0$6,167,500
99$8,828,407$0$0$6,673,208
100$9,557,852$0$0$7,226,612