Can I retire at age 61 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$68,375$67,766$67,172$66,592$66,026$65,364
2 years$33,849$33,219$32,608$32,015$31,441$30,774
3 years$22,342$21,709$21,099$20,513$19,947$19,296
4 years$16,590$15,958$15,355$14,778$14,227$13,596
5 years$13,139$12,512$11,916$11,351$10,815$10,207
6 years$10,839$10,217$9,630$9,078$8,557$7,974
7 years$9,197$8,580$8,003$7,463$6,959$6,399
8 years$7,966$7,355$6,787$6,261$5,774$5,237
9 years$7,010$6,403$5,845$5,333$4,862$4,349
10 years$6,244$5,644$5,096$4,597$4,143$3,653
11 years$5,619$5,025$4,487$4,001$3,563$3,096
12 years$5,098$4,510$3,982$3,509$3,088$2,643
13 years$4,658$4,076$3,557$3,098$2,692$2,270
14 years$4,280$3,705$3,196$2,750$2,360$1,959
15 years$3,954$3,384$2,886$2,453$2,078$1,698
16 years$3,668$3,105$2,617$2,196$1,837$1,476
17 years$3,417$2,860$2,381$1,973$1,628$1,288
18 years$3,193$2,642$2,173$1,778$1,448$1,126
19 years$2,994$2,449$1,990$1,607$1,291$986
20 years$2,814$2,276$1,826$1,455$1,153$866
21 years$2,652$2,120$1,680$1,321$1,032$761
22 years$2,505$1,979$1,548$1,201$925$671
23 years$2,370$1,851$1,429$1,094$830$591
24 years$2,248$1,734$1,322$997$746$522
25 years$2,135$1,627$1,224$911$671$461
26 years$2,031$1,529$1,136$833$605$408
27 years$1,935$1,439$1,054$762$545$361
28 years$1,845$1,356$980$698$492$319
29 years$1,763$1,279$912$641$444$283
30 years$1,685$1,208$850$588$401$251
31 years$1,613$1,142$792$540$363$222
32 years$1,546$1,081$739$496$328$197
33 years$1,483$1,024$690$456$297$175
34 years$1,423$970$645$420$269$155
35 years$1,368$920$603$386$244$138
36 years$1,315$873$564$356$221$122
37 years$1,265$829$528$328$200$109
38 years$1,218$788$494$302$181$97
39 years$1,174$750$463$279$164$86
40 years$1,132$713$434$257$149$76
41 years$1,092$679$407$237$135$68
42 years$1,054$647$382$219$123$60
43 years$1,018$616$358$202$111$54
44 years$984$587$336$187$101$48
45 years$951$560$316$172$92$42
46 years$920$534$297$159$83$38
47 years$890$510$279$147$76$33
48 years$862$487$262$136$69$30
49 years$834$465$246$126$62$26
50 years$808$444$231$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $828,000, adding $5,730 every year, while hoping to spend $42,376 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: 33/39/28 Blend
60$828,000$828,000$828,000$828,000
61$918,366$874,482$861,648$940,709
62$966,952$872,244$845,426$955,937
63$1,019,073$868,476$827,240$968,176
64$1,075,046$863,059$806,979$980,542
65$1,135,216$855,864$784,529$993,078
66$1,199,965$846,759$759,768$1,005,831
67$1,269,711$835,599$732,569$1,018,858
68$1,344,912$822,234$702,801$1,032,227
69$1,426,073$806,504$670,325$1,046,015
70$1,513,748$788,238$634,996$1,060,312
71$1,608,546$767,257$596,664$1,075,223
72$1,711,135$743,370$555,170$1,090,868
73$1,822,252$716,376$510,349$1,107,383
74$1,942,705$686,062$462,029$1,124,926
75$2,073,383$652,201$410,029$1,143,677
76$2,215,265$614,556$354,162$1,163,838
77$2,369,427$572,874$294,231$1,185,641
78$2,537,051$526,888$230,031$1,209,348
79$2,719,441$476,316$161,347$1,235,256
80$2,918,028$420,859$87,956$1,263,698
81$3,134,388$360,203$9,624$1,295,051
82$3,370,258$294,014$0$1,329,740
83$3,627,545$221,942$0$1,390,341
84$3,908,351$143,614$0$1,459,795
85$4,214,989$58,637$0$1,535,904
86$4,550,006$0$0$1,619,424
87$4,916,206$0$0$1,725,529
88$5,316,673$0$0$1,869,200
89$5,754,807$0$0$2,026,508
90$6,234,350$0$0$2,198,811
91$6,759,422$0$0$2,387,604
92$7,334,559$0$0$2,594,537
93$7,964,759$0$0$2,821,424
94$8,655,526$0$0$3,070,265
95$9,412,918$0$0$3,343,260
96$10,243,613$0$0$3,642,835
97$11,154,961$0$0$3,971,662
98$12,155,062$0$0$4,332,682
99$13,252,835$0$0$4,729,138
100$14,458,107$0$0$5,164,600