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%17.7%
1 years$67,797$67,194$66,604$66,029$65,468$63,423
2 years$33,563$32,938$32,332$31,745$31,175$29,133
3 years$22,153$21,525$20,921$20,339$19,779$17,804
4 years$16,449$15,823$15,225$14,653$14,106$12,213
5 years$13,028$12,406$11,815$11,255$10,723$8,918
6 years$10,748$10,130$9,549$9,001$8,485$6,768
7 years$9,120$8,507$7,935$7,400$6,901$5,272
8 years$7,899$7,292$6,729$6,208$5,725$4,184
9 years$6,950$6,349$5,796$5,288$4,821$3,366
10 years$6,192$5,597$5,053$4,558$4,108$2,736
11 years$5,571$4,982$4,449$3,967$3,533$2,243
12 years$5,055$4,472$3,948$3,479$3,061$1,850
13 years$4,618$4,041$3,527$3,072$2,670$1,534
14 years$4,244$3,673$3,169$2,727$2,340$1,277
15 years$3,920$3,356$2,862$2,432$2,061$1,067
16 years$3,637$3,079$2,594$2,177$1,821$893
17 years$3,388$2,835$2,361$1,956$1,615$750
18 years$3,166$2,620$2,155$1,763$1,436$631
19 years$2,968$2,428$1,973$1,593$1,280$532
20 years$2,790$2,256$1,811$1,443$1,143$448
21 years$2,630$2,102$1,665$1,310$1,023$379
22 years$2,484$1,962$1,535$1,191$917$320
23 years$2,350$1,835$1,417$1,084$823$271
24 years$2,229$1,719$1,311$989$740$229
25 years$2,117$1,613$1,214$903$666$194
26 years$2,014$1,516$1,126$826$600$165
27 years$1,918$1,427$1,045$756$541$140
28 years$1,830$1,345$972$693$488$118
29 years$1,748$1,269$904$635$440$100
30 years$1,671$1,198$842$583$398$85
31 years$1,600$1,133$785$535$360$72
32 years$1,533$1,072$733$492$325$61
33 years$1,470$1,015$684$452$295$52
34 years$1,411$962$639$416$267$44
35 years$1,356$912$598$383$242$38
36 years$1,304$866$559$353$219$32
37 years$1,255$822$523$325$198$27
38 years$1,208$782$490$300$180$23
39 years$1,164$743$459$276$163$20
40 years$1,122$707$430$255$148$17
41 years$1,083$673$404$235$134$14
42 years$1,045$641$379$217$122$12
43 years$1,009$611$355$200$111$10
44 years$975$582$333$185$100$9
45 years$943$555$313$171$91$7
46 years$912$530$294$158$83$6
47 years$883$505$276$146$75$5
48 years$854$482$260$135$68$4
49 years$827$461$244$125$62$4
50 years$802$440$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $821,000, adding $2,339 every year, while hoping to spend $40,622 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: 58/31/11 Blend
60$821,000$821,000$821,000$821,000
61$907,155$863,642$850,916$957,213
62$956,463$862,739$836,200$990,323
63$1,009,439$860,430$819,630$1,021,655
64$1,066,415$856,604$801,100$1,054,830
65$1,127,753$851,141$780,501$1,090,030
66$1,193,854$843,917$757,718$1,127,456
67$1,265,155$834,797$732,630$1,167,332
68$1,342,140$823,641$705,112$1,209,905
69$1,425,337$810,298$675,032$1,255,451
70$1,515,328$794,610$642,253$1,304,274
71$1,612,754$776,408$606,630$1,356,712
72$1,718,317$755,515$568,015$1,413,140
73$1,832,792$731,741$526,249$1,473,973
74$1,957,027$704,887$481,170$1,539,671
75$2,091,960$674,742$432,604$1,610,745
76$2,238,618$641,083$380,375$1,687,758
77$2,398,133$603,672$324,293$1,771,337
78$2,571,751$562,260$264,165$1,862,173
79$2,760,842$516,583$199,787$1,961,034
80$2,966,913$466,361$130,945$2,068,769
81$3,191,624$411,299$57,418$2,186,316
82$3,436,801$351,084$0$2,314,716
83$3,704,455$285,387$0$2,457,589
84$3,996,799$213,860$0$2,621,090
85$4,316,267$136,134$0$2,799,910
86$4,665,543$51,822$0$2,995,637
87$5,047,579$0$0$3,210,024
88$5,465,627$0$0$3,458,479
89$5,923,266$0$0$3,749,883
90$6,424,439$0$0$4,069,078
91$6,973,487$0$0$4,418,837
92$7,575,191$0$0$4,802,214
93$8,234,817$0$0$5,222,575
94$8,958,164$0$0$5,683,625
95$9,751,619$0$0$6,189,444
96$10,622,218$0$0$6,744,529
97$11,577,710$0$0$7,353,831
98$12,626,631$0$0$8,022,805
99$13,778,384$0$0$8,757,459
100$15,043,326$0$0$9,564,411