Can I retire at age 61 with 822,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$67,880$67,275$66,685$66,110$65,547$64,382
2 years$33,604$32,978$32,372$31,783$31,213$30,043
3 years$22,180$21,552$20,947$20,364$19,803$18,664
4 years$16,469$15,843$15,244$14,671$14,124$13,026
5 years$13,044$12,421$11,830$11,269$10,737$9,682
6 years$10,761$10,143$9,560$9,012$8,495$7,486
7 years$9,131$8,518$7,945$7,409$6,909$5,945
8 years$7,909$7,301$6,738$6,215$5,732$4,812
9 years$6,959$6,357$5,803$5,294$4,827$3,952
10 years$6,199$5,603$5,059$4,564$4,113$3,281
11 years$5,578$4,988$4,454$3,972$3,537$2,748
12 years$5,061$4,477$3,953$3,484$3,065$2,318
13 years$4,624$4,046$3,532$3,076$2,673$1,966
14 years$4,249$3,678$3,173$2,730$2,343$1,675
15 years$3,925$3,360$2,865$2,435$2,063$1,433
16 years$3,642$3,083$2,598$2,180$1,823$1,230
17 years$3,392$2,839$2,364$1,959$1,617$1,058
18 years$3,170$2,623$2,158$1,765$1,437$913
19 years$2,972$2,431$1,975$1,595$1,281$789
20 years$2,794$2,259$1,813$1,445$1,144$683
21 years$2,633$2,104$1,667$1,311$1,024$592
22 years$2,487$1,964$1,537$1,192$918$514
23 years$2,353$1,837$1,419$1,086$824$446
24 years$2,231$1,721$1,312$990$741$388
25 years$2,119$1,615$1,215$904$666$338
26 years$2,016$1,518$1,127$827$600$294
27 years$1,921$1,429$1,047$757$541$256
28 years$1,832$1,346$973$693$488$223
29 years$1,750$1,270$906$636$441$195
30 years$1,673$1,200$843$584$398$170
31 years$1,602$1,134$786$536$360$148
32 years$1,535$1,073$734$493$326$130
33 years$1,472$1,016$685$453$295$113
34 years$1,413$963$640$417$267$99
35 years$1,358$913$598$384$242$86
36 years$1,306$867$560$353$219$76
37 years$1,256$823$524$326$199$66
38 years$1,210$783$491$300$180$58
39 years$1,166$744$460$277$163$50
40 years$1,124$708$431$255$148$44
41 years$1,084$674$404$235$134$39
42 years$1,047$642$379$217$122$34
43 years$1,011$612$356$201$111$29
44 years$977$583$334$185$100$26
45 years$944$556$313$171$91$23
46 years$913$530$294$158$83$20
47 years$884$506$277$146$75$17
48 years$855$483$260$135$68$15
49 years$828$461$244$125$62$13
50 years$803$441$230$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $822,000, adding $3,667 every year, while hoping to spend $40,556 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: 76/13/11 Blend
60$822,000$822,000$822,000$822,000
61$909,627$866,061$853,320$976,613
62$959,257$865,346$838,754$1,020,537
63$1,012,591$863,238$822,342$1,063,171
64$1,069,962$859,624$803,978$1,108,763
65$1,131,740$854,386$783,552$1,157,593
66$1,198,327$847,401$760,951$1,209,969
67$1,270,166$838,534$736,053$1,266,232
68$1,347,747$827,645$708,734$1,326,755
69$1,431,603$814,586$678,863$1,391,953
70$1,522,323$799,198$646,302$1,462,281
71$1,620,556$781,313$610,908$1,538,242
72$1,727,010$760,756$572,532$1,620,391
73$1,842,470$737,338$531,016$1,709,340
74$1,967,795$710,860$486,198$1,805,764
75$2,103,931$681,113$437,906$1,910,406
76$2,251,918$647,874$385,963$2,024,089
77$2,412,902$610,908$330,180$2,147,717
78$2,588,141$569,966$270,365$2,282,290
79$2,779,023$524,785$206,313$2,428,910
80$2,987,071$475,088$137,813$2,588,791
81$3,213,965$420,580$64,642$2,763,276
82$3,461,552$360,951$0$2,953,842
83$3,731,865$295,872$0$3,163,699
84$4,027,143$224,998$0$3,401,267
85$4,349,851$147,961$0$3,660,965
86$4,702,700$64,376$0$3,945,012
87$5,088,679$0$0$4,255,855
88$5,511,076$0$0$4,599,933
89$5,973,513$0$0$4,986,738
90$6,479,978$0$0$5,410,403
91$7,034,864$0$0$5,874,604
92$7,643,006$0$0$6,383,393
93$8,309,733$0$0$6,941,230
94$9,040,911$0$0$7,553,029
95$9,843,002$0$0$8,224,200
96$10,723,123$0$0$8,960,705
97$11,689,115$0$0$9,769,108
98$12,749,614$0$0$10,656,643
99$13,914,132$0$0$11,631,276
100$15,193,149$0$0$12,701,783