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%14.5%
1 years$68,293$67,685$67,091$66,512$65,946$64,721
2 years$33,808$33,179$32,568$31,977$31,403$30,173
3 years$22,315$21,683$21,074$20,488$19,923$18,727
4 years$16,569$15,939$15,336$14,760$14,209$13,056
5 years$13,123$12,496$11,902$11,337$10,802$9,695
6 years$10,826$10,204$9,618$9,067$8,547$7,487
7 years$9,186$8,570$7,993$7,454$6,951$5,939
8 years$7,957$7,346$6,779$6,253$5,767$4,802
9 years$7,001$6,396$5,838$5,326$4,856$3,939
10 years$6,237$5,638$5,090$4,591$4,138$3,266
11 years$5,612$5,019$4,481$3,996$3,559$2,732
12 years$5,092$4,505$3,977$3,505$3,084$2,301
13 years$4,652$4,071$3,553$3,094$2,689$1,949
14 years$4,275$3,700$3,193$2,747$2,357$1,659
15 years$3,949$3,380$2,882$2,450$2,076$1,417
16 years$3,664$3,101$2,613$2,193$1,834$1,214
17 years$3,413$2,856$2,378$1,971$1,627$1,044
18 years$3,189$2,639$2,171$1,776$1,446$899
19 years$2,990$2,446$1,987$1,605$1,289$776
20 years$2,811$2,273$1,824$1,453$1,151$670
21 years$2,649$2,117$1,678$1,319$1,030$580
22 years$2,502$1,976$1,546$1,199$924$503
23 years$2,368$1,848$1,428$1,092$829$436
24 years$2,245$1,732$1,320$996$745$379
25 years$2,132$1,625$1,223$910$671$329
26 years$2,028$1,527$1,134$832$604$286
27 years$1,932$1,438$1,053$761$545$249
28 years$1,843$1,355$979$698$491$217
29 years$1,760$1,278$911$640$444$189
30 years$1,683$1,207$849$587$401$164
31 years$1,611$1,141$791$539$362$143
32 years$1,544$1,079$738$496$328$125
33 years$1,481$1,022$689$456$297$109
34 years$1,422$969$644$419$269$95
35 years$1,366$919$602$386$243$83
36 years$1,313$872$563$355$220$72
37 years$1,264$828$527$328$200$63
38 years$1,217$787$494$302$181$55
39 years$1,173$749$463$278$164$48
40 years$1,131$712$434$257$149$42
41 years$1,091$678$406$237$135$37
42 years$1,053$646$381$219$123$32
43 years$1,017$615$358$202$111$28
44 years$983$586$336$186$101$24
45 years$950$559$315$172$92$21
46 years$919$533$296$159$83$19
47 years$889$509$278$147$76$16
48 years$861$486$261$136$69$14
49 years$833$464$246$125$62$12
50 years$807$443$231$116$57$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $827,000, adding $5,627 every year, while hoping to spend $56,872 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: 61/10/29 Blend
60$827,000$827,000$827,000$827,000
61$917,158$873,327$860,509$965,606
62$950,197$855,609$828,824$981,555
63$984,700$835,116$794,173$992,360
64$1,020,755$811,653$756,394$1,002,964
65$1,058,461$785,013$715,321$1,013,362
66$1,097,920$754,975$670,781$1,023,547
67$1,139,246$721,307$622,590$1,033,518
68$1,182,562$683,763$570,560$1,043,274
69$1,228,000$642,085$514,490$1,052,818
70$1,275,704$595,995$454,174$1,062,155
71$1,325,832$545,204$389,394$1,071,296
72$1,378,552$489,405$319,925$1,080,255
73$1,434,051$428,272$245,529$1,089,052
74$1,492,530$361,463$165,959$1,097,712
75$1,554,208$288,615$80,959$1,106,268
76$1,619,324$209,344$0$1,114,760
77$1,688,140$123,247$0$1,126,254
78$1,760,940$29,895$0$1,164,723
79$1,838,034$0$0$1,205,249
80$1,919,763$0$0$1,255,840
81$2,006,497$0$0$1,313,053
82$2,098,642$0$0$1,373,868
83$2,196,641$0$0$1,438,583
84$2,300,981$0$0$1,507,524
85$2,412,191$0$0$1,581,046
86$2,530,856$0$0$1,659,539
87$2,657,611$0$0$1,743,432
88$2,793,157$0$0$1,833,192
89$2,938,260$0$0$1,929,333
90$3,093,759$0$0$2,032,419
91$3,260,576$0$0$2,143,069
92$3,439,724$0$0$2,261,959
93$3,632,311$0$0$2,389,836
94$3,839,557$0$0$2,527,517
95$4,062,800$0$0$2,675,900
96$4,303,509$0$0$2,835,971
97$4,563,299$0$0$3,008,813
98$4,843,944$0$0$3,195,618
99$5,147,393$0$0$3,397,695
100$5,475,789$0$0$3,616,481