Can I retire at age 61 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,293$67,685$67,091$66,512$65,946$65,476
2 years$33,808$33,179$32,568$31,977$31,403$30,929
3 years$22,315$21,683$21,074$20,488$19,923$19,460
4 years$16,569$15,939$15,336$14,760$14,209$13,760
5 years$13,123$12,496$11,902$11,337$10,802$10,368
6 years$10,826$10,204$9,618$9,067$8,547$8,130
7 years$9,186$8,570$7,993$7,454$6,951$6,550
8 years$7,957$7,346$6,779$6,253$5,767$5,382
9 years$7,001$6,396$5,838$5,326$4,856$4,488
10 years$6,237$5,638$5,090$4,591$4,138$3,786
11 years$5,612$5,019$4,481$3,996$3,559$3,222
12 years$5,092$4,505$3,977$3,505$3,084$2,763
13 years$4,652$4,071$3,553$3,094$2,689$2,384
14 years$4,275$3,700$3,193$2,747$2,357$2,067
15 years$3,949$3,380$2,882$2,450$2,076$1,799
16 years$3,664$3,101$2,613$2,193$1,834$1,572
17 years$3,413$2,856$2,378$1,971$1,627$1,378
18 years$3,189$2,639$2,171$1,776$1,446$1,211
19 years$2,990$2,446$1,987$1,605$1,289$1,066
20 years$2,811$2,273$1,824$1,453$1,151$941
21 years$2,649$2,117$1,678$1,319$1,030$832
22 years$2,502$1,976$1,546$1,199$924$736
23 years$2,368$1,848$1,428$1,092$829$652
24 years$2,245$1,732$1,320$996$745$579
25 years$2,132$1,625$1,223$910$671$514
26 years$2,028$1,527$1,134$832$604$457
27 years$1,932$1,438$1,053$761$545$407
28 years$1,843$1,355$979$698$491$362
29 years$1,760$1,278$911$640$444$323
30 years$1,683$1,207$849$587$401$288
31 years$1,611$1,141$791$539$362$256
32 years$1,544$1,079$738$496$328$229
33 years$1,481$1,022$689$456$297$204
34 years$1,422$969$644$419$269$182
35 years$1,366$919$602$386$243$163
36 years$1,313$872$563$355$220$145
37 years$1,264$828$527$328$200$130
38 years$1,217$787$494$302$181$116
39 years$1,173$749$463$278$164$104
40 years$1,131$712$434$257$149$93
41 years$1,091$678$406$237$135$83
42 years$1,053$646$381$219$123$74
43 years$1,017$615$358$202$111$66
44 years$983$586$336$186$101$59
45 years$950$559$315$172$92$53
46 years$919$533$296$159$83$47
47 years$889$509$278$147$76$42
48 years$861$486$261$136$69$38
49 years$833$464$246$125$62$34
50 years$807$443$231$116$57$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $827,000, adding $3,183 every year, while hoping to spend $27,790 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: 66/29/5 Blend
60$827,000$827,000$827,000$827,000
61$914,637$870,806$857,988$974,205
62$978,362$883,907$857,162$1,027,230
63$1,047,655$896,719$855,377$1,081,511
64$1,123,055$909,198$852,572$1,140,082
65$1,205,156$921,297$848,681$1,203,357
66$1,294,608$932,967$843,639$1,271,792
67$1,392,130$944,154$837,372$1,345,889
68$1,498,511$954,802$829,809$1,426,201
69$1,614,621$964,850$820,869$1,513,339
70$1,741,418$974,232$810,474$1,607,974
71$1,879,954$982,881$798,536$1,710,847
72$2,031,389$990,722$784,967$1,822,776
73$2,197,001$997,678$769,673$1,944,660
74$2,378,195$1,003,664$752,557$2,077,491
75$2,576,520$1,008,592$733,517$2,222,365
76$2,793,679$1,012,368$712,444$2,380,485
77$3,031,552$1,014,891$689,228$2,553,181
78$3,292,204$1,016,054$663,751$2,741,920
79$3,577,912$1,015,745$635,890$2,948,315
80$3,891,185$1,013,842$605,519$3,174,147
81$4,234,784$1,010,218$572,502$3,421,381
82$4,611,751$1,004,738$536,700$3,692,179
83$5,025,437$997,258$497,966$3,988,928
84$5,479,532$987,624$456,149$4,314,258
85$5,978,103$975,676$411,088$4,671,068
86$6,525,627$961,241$362,617$5,062,555
87$7,127,037$944,138$310,561$5,492,243
88$7,787,769$924,175$254,739$5,964,018
89$8,513,810$901,148$194,961$6,482,161
90$9,311,755$874,841$131,028$7,051,394
91$10,188,870$845,024$62,734$7,676,923
92$11,153,162$811,458$0$8,364,486
93$12,213,450$773,885$0$9,120,948
94$13,379,452$732,035$0$9,956,350
95$14,661,872$685,621$0$10,875,040
96$16,072,508$634,341$0$11,885,506
97$17,624,355$577,875$0$12,997,102
98$19,331,733$515,884$0$14,220,141
99$21,210,418$448,012$0$15,565,988
100$23,277,796$373,879$0$17,047,173