Can I retire at age 61 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$68,128$67,521$66,929$66,351$65,787$63,327
2 years$33,727$33,098$32,490$31,899$31,327$28,877
3 years$22,261$21,630$21,023$20,438$19,875$17,512
4 years$16,529$15,900$15,299$14,725$14,175$11,917
5 years$13,091$12,466$11,873$11,310$10,776$8,628
6 years$10,800$10,180$9,595$9,045$8,526$6,491
7 years$9,164$8,549$7,974$7,436$6,934$5,010
8 years$7,938$7,328$6,762$6,238$5,753$3,939
9 years$6,984$6,380$5,824$5,313$4,845$3,138
10 years$6,222$5,624$5,078$4,580$4,128$2,525
11 years$5,599$5,007$4,470$3,986$3,550$2,048
12 years$5,080$4,494$3,967$3,496$3,076$1,672
13 years$4,641$4,061$3,545$3,087$2,683$1,371
14 years$4,265$3,691$3,185$2,740$2,352$1,129
15 years$3,940$3,372$2,875$2,444$2,071$932
16 years$3,655$3,094$2,607$2,188$1,830$772
17 years$3,404$2,849$2,372$1,966$1,623$640
18 years$3,182$2,633$2,166$1,772$1,443$532
19 years$2,983$2,440$1,982$1,601$1,286$443
20 years$2,804$2,267$1,819$1,450$1,149$369
21 years$2,642$2,112$1,674$1,316$1,028$308
22 years$2,496$1,972$1,542$1,196$921$257
23 years$2,362$1,844$1,424$1,090$827$215
24 years$2,239$1,728$1,317$994$743$180
25 years$2,127$1,621$1,220$908$669$150
26 years$2,023$1,524$1,131$830$603$126
27 years$1,928$1,434$1,051$760$543$105
28 years$1,839$1,351$977$696$490$88
29 years$1,756$1,275$909$638$443$74
30 years$1,679$1,204$847$586$400$62
31 years$1,608$1,138$789$538$362$52
32 years$1,540$1,077$736$494$327$43
33 years$1,477$1,020$688$455$296$36
34 years$1,418$967$642$418$268$30
35 years$1,363$917$601$385$243$25
36 years$1,310$870$562$355$220$21
37 years$1,261$826$526$327$199$18
38 years$1,214$785$492$301$181$15
39 years$1,170$747$461$278$164$13
40 years$1,128$711$432$256$149$11
41 years$1,088$676$406$236$135$9
42 years$1,050$644$380$218$122$7
43 years$1,014$614$357$201$111$6
44 years$980$585$335$186$101$5
45 years$948$558$315$172$92$4
46 years$917$532$295$159$83$4
47 years$887$508$278$147$75$3
48 years$859$485$261$135$69$3
49 years$831$463$245$125$62$2
50 years$805$442$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $825,000, adding $4,387 every year, while hoping to spend $56,075 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: 51/21/28 Blend
60$825,000$825,000$825,000$825,000
61$913,675$869,950$857,163$952,866
62$947,207$852,914$826,214$963,605
63$982,279$833,164$792,350$969,300
64$1,018,990$810,508$755,412$974,392
65$1,057,446$784,742$715,237$978,846
66$1,097,762$755,651$671,654$982,632
67$1,140,062$723,006$624,483$985,717
68$1,184,483$686,568$573,537$988,069
69$1,231,170$646,080$518,621$989,660
70$1,280,285$601,273$459,530$990,461
71$1,332,000$551,862$396,051$990,444
72$1,386,507$497,545$327,961$989,586
73$1,444,009$438,004$255,027$987,866
74$1,504,734$372,902$177,006$985,265
75$1,568,926$301,883$93,645$981,770
76$1,636,853$224,572$4,678$977,372
77$1,708,807$140,571$0$972,067
78$1,785,108$49,461$0$992,829
79$1,866,104$0$0$1,015,944
80$1,952,178$0$0$1,051,495
81$2,043,747$0$0$1,101,520
82$2,141,268$0$0$1,154,845
83$2,245,242$0$0$1,211,750
84$2,356,216$0$0$1,272,541
85$2,474,791$0$0$1,337,554
86$2,601,626$0$0$1,407,158
87$2,737,441$0$0$1,481,756
88$2,883,029$0$0$1,561,792
89$3,039,257$0$0$1,647,752
90$3,207,079$0$0$1,740,169
91$3,387,540$0$0$1,839,630
92$3,581,788$0$0$1,946,778
93$3,791,083$0$0$2,062,320
94$4,016,812$0$0$2,187,031
95$4,260,495$0$0$2,321,764
96$4,523,803$0$0$2,467,458
97$4,808,574$0$0$2,625,142
98$5,116,827$0$0$2,795,949
99$5,450,781$0$0$2,981,125
100$5,812,878$0$0$3,182,037