Can I retire at age 61 with 828,000?

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 $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%14.8%
1 years$68,375$67,766$67,172$66,592$66,026$64,719
2 years$33,849$33,219$32,608$32,015$31,441$30,130
3 years$22,342$21,709$21,099$20,513$19,947$18,673
4 years$16,590$15,958$15,355$14,778$14,227$12,999
5 years$13,139$12,512$11,916$11,351$10,815$9,637
6 years$10,839$10,217$9,630$9,078$8,557$7,431
7 years$9,197$8,580$8,003$7,463$6,959$5,884
8 years$7,966$7,355$6,787$6,261$5,774$4,750
9 years$7,010$6,403$5,845$5,333$4,862$3,889
10 years$6,244$5,644$5,096$4,597$4,143$3,219
11 years$5,619$5,025$4,487$4,001$3,563$2,687
12 years$5,098$4,510$3,982$3,509$3,088$2,259
13 years$4,658$4,076$3,557$3,098$2,692$1,910
14 years$4,280$3,705$3,196$2,750$2,360$1,622
15 years$3,954$3,384$2,886$2,453$2,078$1,383
16 years$3,668$3,105$2,617$2,196$1,837$1,182
17 years$3,417$2,860$2,381$1,973$1,628$1,014
18 years$3,193$2,642$2,173$1,778$1,448$871
19 years$2,994$2,449$1,990$1,607$1,291$750
20 years$2,814$2,276$1,826$1,455$1,153$647
21 years$2,652$2,120$1,680$1,321$1,032$559
22 years$2,505$1,979$1,548$1,201$925$483
23 years$2,370$1,851$1,429$1,094$830$418
24 years$2,248$1,734$1,322$997$746$362
25 years$2,135$1,627$1,224$911$671$314
26 years$2,031$1,529$1,136$833$605$272
27 years$1,935$1,439$1,054$762$545$236
28 years$1,845$1,356$980$698$492$205
29 years$1,763$1,279$912$641$444$178
30 years$1,685$1,208$850$588$401$155
31 years$1,613$1,142$792$540$363$135
32 years$1,546$1,081$739$496$328$117
33 years$1,483$1,024$690$456$297$102
34 years$1,423$970$645$420$269$89
35 years$1,368$920$603$386$244$77
36 years$1,315$873$564$356$221$67
37 years$1,265$829$528$328$200$58
38 years$1,218$788$494$302$181$51
39 years$1,174$750$463$279$164$44
40 years$1,132$713$434$257$149$38
41 years$1,092$679$407$237$135$34
42 years$1,054$647$382$219$123$29
43 years$1,018$616$358$202$111$25
44 years$984$587$336$187$101$22
45 years$951$560$316$172$92$19
46 years$920$534$297$159$83$17
47 years$890$510$279$147$76$15
48 years$862$487$262$136$69$13
49 years$834$465$246$126$62$11
50 years$808$444$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 $828,000, adding $2,821 every year, while hoping to spend $42,737 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: 34/44/22 Blend
60$828,000$828,000$828,000$828,000
61$915,366$871,482$858,648$940,256
62$963,261$868,713$841,941$956,202
63$1,014,610$864,375$823,242$969,279
64$1,069,718$858,348$802,438$982,509
65$1,128,924$850,501$779,414$995,933
66$1,192,596$840,698$754,047$1,009,597
67$1,261,142$828,793$726,208$1,023,558
68$1,335,006$814,632$695,764$1,037,882
69$1,414,680$798,052$662,575$1,052,645
70$1,500,700$778,880$626,495$1,067,935
71$1,593,659$756,932$587,370$1,083,856
72$1,694,206$732,016$545,040$1,100,524
73$1,803,056$703,925$499,340$1,118,076
74$1,920,994$672,443$450,094$1,136,665
75$2,048,883$637,341$397,120$1,156,468
76$2,187,673$598,374$340,227$1,177,686
77$2,338,408$555,288$279,218$1,200,545
78$2,502,238$507,809$213,884$1,225,305
79$2,680,426$455,651$144,008$1,252,256
80$2,874,362$398,511$69,365$1,281,729
81$3,085,576$336,067$0$1,314,095
82$3,315,753$267,982$0$1,352,189
83$3,566,743$193,897$0$1,411,600
84$3,840,588$113,434$0$1,476,616
85$4,139,531$26,195$0$1,547,894
86$4,466,042$0$0$1,626,164
87$4,822,843$0$0$1,745,282
88$5,212,927$0$0$1,889,494
89$5,639,592$0$0$2,047,350
90$6,106,468$0$0$2,220,210
91$6,617,551$0$0$2,409,568
92$7,177,244$0$0$2,617,072
93$7,790,393$0$0$2,844,536
94$8,462,338$0$0$3,093,957
95$9,198,957$0$0$3,367,537
96$10,006,724$0$0$3,667,699
97$10,892,773$0$0$3,997,113
98$11,864,957$0$0$4,358,719
99$12,931,930$0$0$4,755,756
100$14,103,221$0$0$5,191,794