Can I retire at age 61 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$67,797$67,194$66,604$66,029$65,468$63,833
2 years$33,563$32,938$32,332$31,745$31,175$29,539
3 years$22,153$21,525$20,921$20,339$19,779$18,192
4 years$16,449$15,823$15,225$14,653$14,106$12,581
5 years$13,028$12,406$11,815$11,255$10,723$9,264
6 years$10,748$10,130$9,549$9,001$8,485$7,092
7 years$9,120$8,507$7,935$7,400$6,901$5,575
8 years$7,899$7,292$6,729$6,208$5,725$4,466
9 years$6,950$6,349$5,796$5,288$4,821$3,628
10 years$6,192$5,597$5,053$4,558$4,108$2,979
11 years$5,571$4,982$4,449$3,967$3,533$2,467
12 years$5,055$4,472$3,948$3,479$3,061$2,056
13 years$4,618$4,041$3,527$3,072$2,670$1,723
14 years$4,244$3,673$3,169$2,727$2,340$1,451
15 years$3,920$3,356$2,862$2,432$2,061$1,226
16 years$3,637$3,079$2,594$2,177$1,821$1,038
17 years$3,388$2,835$2,361$1,956$1,615$882
18 years$3,166$2,620$2,155$1,763$1,436$751
19 years$2,968$2,428$1,973$1,593$1,280$640
20 years$2,790$2,256$1,811$1,443$1,143$547
21 years$2,630$2,102$1,665$1,310$1,023$467
22 years$2,484$1,962$1,535$1,191$917$400
23 years$2,350$1,835$1,417$1,084$823$343
24 years$2,229$1,719$1,311$989$740$294
25 years$2,117$1,613$1,214$903$666$252
26 years$2,014$1,516$1,126$826$600$216
27 years$1,918$1,427$1,045$756$541$186
28 years$1,830$1,345$972$693$488$160
29 years$1,748$1,269$904$635$440$137
30 years$1,671$1,198$842$583$398$118
31 years$1,600$1,133$785$535$360$101
32 years$1,533$1,072$733$492$325$87
33 years$1,470$1,015$684$452$295$75
34 years$1,411$962$639$416$267$65
35 years$1,356$912$598$383$242$56
36 years$1,304$866$559$353$219$48
37 years$1,255$822$523$325$198$41
38 years$1,208$782$490$300$180$35
39 years$1,164$743$459$276$163$31
40 years$1,122$707$430$255$148$26
41 years$1,083$673$404$235$134$23
42 years$1,045$641$379$217$122$19
43 years$1,009$611$355$200$111$17
44 years$975$582$333$185$100$14
45 years$943$555$313$171$91$12
46 years$912$530$294$158$83$11
47 years$883$505$276$146$75$9
48 years$854$482$260$135$68$8
49 years$827$461$244$125$62$7
50 years$802$440$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $821,000, adding $5,304 every year, while hoping to spend $59,224 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: 42/46/12 Blend
60$821,000$821,000$821,000$821,000
61$910,213$866,700$853,975$945,031
62$940,041$846,155$819,569$949,408
63$970,926$822,617$782,026$947,827
64$1,002,914$795,879$741,177$944,806
65$1,036,054$765,719$696,848$940,240
66$1,070,394$731,903$648,856$934,015
67$1,105,991$694,182$597,009$926,015
68$1,142,900$652,295$541,107$916,114
69$1,181,183$605,965$480,941$904,181
70$1,220,905$554,898$416,294$890,078
71$1,262,135$498,786$346,937$873,659
72$1,304,946$437,299$272,633$854,771
73$1,349,417$370,094$193,133$833,252
74$1,395,632$296,803$108,177$808,934
75$1,443,681$217,041$17,496$781,639
76$1,493,660$130,400$0$751,178
77$1,545,673$36,449$0$727,507
78$1,599,831$0$0$703,319
79$1,656,253$0$0$709,232
80$1,715,067$0$0$734,647
81$1,776,410$0$0$761,176
82$1,840,433$0$0$788,886
83$1,907,295$0$0$817,850
84$1,977,170$0$0$848,146
85$2,050,245$0$0$879,859
86$2,126,723$0$0$913,080
87$2,206,823$0$0$947,909
88$2,290,784$0$0$984,454
89$2,378,862$0$0$1,022,832
90$2,471,339$0$0$1,063,171
91$2,568,518$0$0$1,105,608
92$2,670,731$0$0$1,150,295
93$2,778,336$0$0$1,197,396
94$2,891,725$0$0$1,247,088
95$3,011,325$0$0$1,299,567
96$3,137,600$0$0$1,355,045
97$3,271,058$0$0$1,413,754
98$3,412,251$0$0$1,475,947
99$3,561,783$0$0$1,541,900
100$3,720,315$0$0$1,611,916