Can I retire at age 61 with 827,000?

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 $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%14.7%
1 years$68,293$67,685$67,091$66,512$65,946$64,668
2 years$33,808$33,179$32,568$31,977$31,403$30,120
3 years$22,315$21,683$21,074$20,488$19,923$18,676
4 years$16,569$15,939$15,336$14,760$14,209$13,007
5 years$13,123$12,496$11,902$11,337$10,802$9,648
6 years$10,826$10,204$9,618$9,067$8,547$7,444
7 years$9,186$8,570$7,993$7,454$6,951$5,898
8 years$7,957$7,346$6,779$6,253$5,767$4,763
9 years$7,001$6,396$5,838$5,326$4,856$3,902
10 years$6,237$5,638$5,090$4,591$4,138$3,232
11 years$5,612$5,019$4,481$3,996$3,559$2,700
12 years$5,092$4,505$3,977$3,505$3,084$2,271
13 years$4,652$4,071$3,553$3,094$2,689$1,921
14 years$4,275$3,700$3,193$2,747$2,357$1,633
15 years$3,949$3,380$2,882$2,450$2,076$1,393
16 years$3,664$3,101$2,613$2,193$1,834$1,192
17 years$3,413$2,856$2,378$1,971$1,627$1,023
18 years$3,189$2,639$2,171$1,776$1,446$880
19 years$2,990$2,446$1,987$1,605$1,289$758
20 years$2,811$2,273$1,824$1,453$1,151$654
21 years$2,649$2,117$1,678$1,319$1,030$565
22 years$2,502$1,976$1,546$1,199$924$489
23 years$2,368$1,848$1,428$1,092$829$424
24 years$2,245$1,732$1,320$996$745$367
25 years$2,132$1,625$1,223$910$671$319
26 years$2,028$1,527$1,134$832$604$277
27 years$1,932$1,438$1,053$761$545$240
28 years$1,843$1,355$979$698$491$209
29 years$1,760$1,278$911$640$444$182
30 years$1,683$1,207$849$587$401$158
31 years$1,611$1,141$791$539$362$137
32 years$1,544$1,079$738$496$328$120
33 years$1,481$1,022$689$456$297$104
34 years$1,422$969$644$419$269$91
35 years$1,366$919$602$386$243$79
36 years$1,313$872$563$355$220$69
37 years$1,264$828$527$328$200$60
38 years$1,217$787$494$302$181$52
39 years$1,173$749$463$278$164$45
40 years$1,131$712$434$257$149$40
41 years$1,091$678$406$237$135$34
42 years$1,053$646$381$219$123$30
43 years$1,017$615$358$202$111$26
44 years$983$586$336$186$101$23
45 years$950$559$315$172$92$20
46 years$919$533$296$159$83$17
47 years$889$509$278$147$76$15
48 years$861$486$261$136$69$13
49 years$833$464$246$125$62$11
50 years$807$443$231$116$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $827,000, adding $4,122 every year, while hoping to spend $55,559 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: 86/7/7 Blend
60$827,000$827,000$827,000$827,000
61$915,606$871,775$858,956$993,496
62$949,883$855,377$828,617$1,028,507
63$985,795$836,315$795,399$1,058,912
64$1,023,449$814,397$759,148$1,090,545
65$1,062,962$789,424$719,701$1,123,490
66$1,104,462$761,183$676,889$1,157,841
67$1,148,087$729,451$630,534$1,193,699
68$1,193,987$693,990$580,453$1,231,175
69$1,242,326$654,547$526,450$1,270,394
70$1,293,283$610,859$468,325$1,311,489
71$1,347,050$562,644$405,866$1,354,610
72$1,403,839$509,604$338,854$1,399,918
73$1,463,883$451,426$267,057$1,447,593
74$1,527,431$387,778$190,235$1,497,833
75$1,594,760$318,310$108,139$1,550,854
76$1,666,169$242,651$20,505$1,606,895
77$1,741,987$160,410$0$1,666,219
78$1,822,574$71,174$0$1,734,570
79$1,908,322$0$0$1,808,802
80$1,999,662$0$0$1,889,719
81$2,097,064$0$0$1,981,859
82$2,201,045$0$0$2,080,227
83$2,312,168$0$0$2,185,361
84$2,431,055$0$0$2,297,845
85$2,558,385$0$0$2,418,325
86$2,694,902$0$0$2,547,506
87$2,841,423$0$0$2,686,163
88$2,998,847$0$0$2,835,145
89$3,168,157$0$0$2,995,386
90$3,350,435$0$0$3,167,909
91$3,546,868$0$0$3,353,841
92$3,758,759$0$0$3,554,415
93$3,987,542$0$0$3,770,990
94$4,234,791$0$0$4,005,058
95$4,502,235$0$0$4,258,258
96$4,791,777$0$0$4,532,391
97$5,105,506$0$0$4,829,440
98$5,445,723$0$0$5,151,582
99$5,814,955$0$0$5,501,213
100$6,215,982$0$0$5,880,967