Can I retire at age 61 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$68,210$67,603$67,010$66,431$65,866$65,534
2 years$33,767$33,139$32,529$31,938$31,365$31,029
3 years$22,288$21,656$21,048$20,463$19,899$19,571
4 years$16,549$15,920$15,318$14,743$14,192$13,874
5 years$13,107$12,481$11,887$11,324$10,789$10,481
6 years$10,813$10,192$9,607$9,056$8,537$8,240
7 years$9,175$8,559$7,983$7,445$6,943$6,657
8 years$7,947$7,337$6,770$6,246$5,760$5,486
9 years$6,993$6,388$5,831$5,320$4,850$4,588
10 years$6,229$5,631$5,084$4,586$4,133$3,881
11 years$5,605$5,013$4,476$3,991$3,554$3,314
12 years$5,086$4,499$3,972$3,501$3,080$2,851
13 years$4,646$4,066$3,549$3,091$2,686$2,467
14 years$4,270$3,696$3,189$2,743$2,354$2,146
15 years$3,944$3,376$2,879$2,447$2,073$1,875
16 years$3,659$3,098$2,610$2,191$1,832$1,643
17 years$3,408$2,853$2,375$1,968$1,625$1,445
18 years$3,186$2,636$2,168$1,774$1,444$1,274
19 years$2,986$2,443$1,985$1,603$1,287$1,126
20 years$2,807$2,270$1,822$1,452$1,150$998
21 years$2,646$2,115$1,676$1,317$1,029$885
22 years$2,499$1,974$1,544$1,198$922$786
23 years$2,365$1,846$1,426$1,091$828$700
24 years$2,242$1,730$1,319$995$744$623
25 years$2,130$1,623$1,221$909$670$556
26 years$2,026$1,526$1,133$831$603$496
27 years$1,930$1,436$1,052$761$544$443
28 years$1,841$1,353$978$697$491$396
29 years$1,758$1,276$910$639$443$354
30 years$1,681$1,205$848$586$400$317
31 years$1,610$1,139$790$539$362$284
32 years$1,542$1,078$737$495$327$254
33 years$1,479$1,021$688$455$296$228
34 years$1,420$968$643$419$268$204
35 years$1,364$918$601$386$243$183
36 years$1,312$871$563$355$220$164
37 years$1,262$827$527$327$200$147
38 years$1,216$786$493$302$181$132
39 years$1,171$748$462$278$164$119
40 years$1,129$711$433$256$149$107
41 years$1,089$677$406$237$135$96
42 years$1,052$645$381$218$123$86
43 years$1,016$615$357$202$111$77
44 years$981$586$335$186$101$69
45 years$949$559$315$172$92$62
46 years$918$533$296$159$83$56
47 years$888$508$278$147$76$50
48 years$860$485$261$136$69$45
49 years$832$464$245$125$62$41
50 years$806$443$231$116$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $826,000, adding $2,369 every year, while hoping to spend $54,062 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: 54/41/5 Blend
60$826,000$826,000$826,000$826,000
61$912,696$868,918$856,115$960,892
62$948,269$853,973$827,273$978,751
63$985,659$836,484$795,653$991,984
64$1,024,994$816,269$761,105$1,005,056
65$1,066,413$793,136$723,472$1,017,958
66$1,110,068$766,881$682,589$1,030,684
67$1,156,125$737,288$638,285$1,043,232
68$1,204,763$704,129$590,382$1,055,602
69$1,256,180$667,163$538,691$1,067,797
70$1,310,591$626,134$483,017$1,079,825
71$1,368,229$580,772$423,157$1,091,700
72$1,429,351$530,793$358,895$1,103,441
73$1,494,237$475,894$290,010$1,115,071
74$1,563,192$415,756$216,268$1,126,626
75$1,636,552$350,042$137,428$1,138,146
76$1,714,684$278,397$53,234$1,149,684
77$1,797,987$200,444$0$1,161,303
78$1,886,902$115,786$0$1,175,034
79$1,981,910$24,004$0$1,192,172
80$2,083,539$0$0$1,209,997
81$2,192,368$0$0$1,262,647
82$2,309,031$0$0$1,330,749
83$2,434,225$0$0$1,403,885
84$2,568,713$0$0$1,482,508
85$2,713,333$0$0$1,567,118
86$2,869,008$0$0$1,658,259
87$3,036,747$0$0$1,756,533
88$3,217,661$0$0$1,862,598
89$3,412,970$0$0$1,977,180
90$3,624,015$0$0$2,101,073
91$3,852,268$0$0$2,235,153
92$4,099,349$0$0$2,380,383
93$4,367,038$0$0$2,537,819
94$4,657,292$0$0$2,708,624
95$4,972,264$0$0$2,894,079
96$5,314,321$0$0$3,095,588
97$5,686,066$0$0$3,314,700
98$6,090,365$0$0$3,553,118
99$6,530,368$0$0$3,812,714
100$7,009,543$0$0$4,095,550