Can I retire at age 61 with 826,000?

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 $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%18.8%
1 years$68,210$67,603$67,010$66,431$65,866$63,529
2 years$33,767$33,139$32,529$31,938$31,365$29,035
3 years$22,288$21,656$21,048$20,463$19,899$17,650
4 years$16,549$15,920$15,318$14,743$14,192$12,041
5 years$13,107$12,481$11,887$11,324$10,789$8,741
6 years$10,813$10,192$9,607$9,056$8,537$6,594
7 years$9,175$8,559$7,983$7,445$6,943$5,105
8 years$7,947$7,337$6,770$6,246$5,760$4,025
9 years$6,993$6,388$5,831$5,320$4,850$3,216
10 years$6,229$5,631$5,084$4,586$4,133$2,597
11 years$5,605$5,013$4,476$3,991$3,554$2,113
12 years$5,086$4,499$3,972$3,501$3,080$1,730
13 years$4,646$4,066$3,549$3,091$2,686$1,424
14 years$4,270$3,696$3,189$2,743$2,354$1,176
15 years$3,944$3,376$2,879$2,447$2,073$975
16 years$3,659$3,098$2,610$2,191$1,832$810
17 years$3,408$2,853$2,375$1,968$1,625$675
18 years$3,186$2,636$2,168$1,774$1,444$563
19 years$2,986$2,443$1,985$1,603$1,287$470
20 years$2,807$2,270$1,822$1,452$1,150$393
21 years$2,646$2,115$1,676$1,317$1,029$329
22 years$2,499$1,974$1,544$1,198$922$276
23 years$2,365$1,846$1,426$1,091$828$232
24 years$2,242$1,730$1,319$995$744$194
25 years$2,130$1,623$1,221$909$670$163
26 years$2,026$1,526$1,133$831$603$137
27 years$1,930$1,436$1,052$761$544$115
28 years$1,841$1,353$978$697$491$97
29 years$1,758$1,276$910$639$443$81
30 years$1,681$1,205$848$586$400$68
31 years$1,610$1,139$790$539$362$58
32 years$1,542$1,078$737$495$327$48
33 years$1,479$1,021$688$455$296$41
34 years$1,420$968$643$419$268$34
35 years$1,364$918$601$386$243$29
36 years$1,312$871$563$355$220$24
37 years$1,262$827$527$327$200$20
38 years$1,216$786$493$302$181$17
39 years$1,171$748$462$278$164$14
40 years$1,129$711$433$256$149$12
41 years$1,089$677$406$237$135$10
42 years$1,052$645$381$218$123$9
43 years$1,016$615$357$202$111$7
44 years$981$586$335$186$101$6
45 years$949$559$315$172$92$5
46 years$918$533$296$159$83$4
47 years$888$508$278$147$76$4
48 years$860$485$261$136$69$3
49 years$832$464$245$125$62$3
50 years$806$443$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 $826,000, adding $5,183 every year, while hoping to spend $24,029 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: 39/35/26 Blend
60$826,000$826,000$826,000$826,000
61$915,598$871,820$859,017$944,070
62$983,423$888,973$862,228$982,409
63$1,057,360$906,160$864,740$1,021,224
64$1,138,008$923,360$866,506$1,062,729
65$1,226,025$940,545$867,475$1,107,183
66$1,322,136$957,688$867,592$1,154,873
67$1,427,138$974,759$866,801$1,206,116
68$1,541,911$991,727$865,043$1,261,262
69$1,667,420$1,008,556$862,256$1,320,697
70$1,804,731$1,025,209$858,375$1,384,847
71$1,955,015$1,041,645$853,332$1,454,184
72$2,119,563$1,057,823$847,056$1,529,226
73$2,299,797$1,073,695$839,471$1,610,549
74$2,497,282$1,089,212$830,499$1,698,784
75$2,713,743$1,104,320$820,058$1,794,633
76$2,951,076$1,118,964$808,062$1,898,866
77$3,211,375$1,133,082$794,421$2,012,337
78$3,496,942$1,146,610$779,041$2,135,986
79$3,810,314$1,159,478$761,823$2,270,851
80$4,154,285$1,171,611$742,663$2,418,079
81$4,531,934$1,182,932$721,454$2,578,935
82$4,946,651$1,193,356$698,083$2,754,815
83$5,402,172$1,202,793$672,431$2,947,259
84$5,902,612$1,211,147$644,375$3,157,967
85$6,452,502$1,218,318$613,786$3,388,817
86$7,056,839$1,224,197$580,529$3,641,879
87$7,721,122$1,228,668$544,463$3,919,436
88$8,451,413$1,231,610$505,439$4,224,009
89$9,254,391$1,232,892$463,304$4,558,380
90$10,137,411$1,232,376$417,898$4,925,616
91$11,108,580$1,229,916$369,051$5,329,102
92$12,176,829$1,225,356$316,588$5,772,572
93$13,351,998$1,218,530$260,325$6,260,146
94$14,644,927$1,209,263$200,071$6,796,366
95$16,067,562$1,197,370$135,626$7,386,245
96$17,633,065$1,182,652$66,781$8,035,311
97$19,355,937$1,164,902$0$8,749,662
98$21,252,158$1,143,897$0$9,537,878
99$23,339,334$1,119,404$0$10,425,412
100$25,636,864$1,091,173$0$11,401,964