Can I retire at age 61 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$68,458$67,848$67,253$66,673$66,106$64,015
2 years$33,890$33,259$32,647$32,054$31,479$29,392
3 years$22,369$21,735$21,125$20,537$19,971$17,953
4 years$16,610$15,978$15,374$14,796$14,244$12,310
5 years$13,155$12,527$11,930$11,365$10,828$8,983
6 years$10,852$10,229$9,642$9,089$8,568$6,814
7 years$9,208$8,590$8,012$7,472$6,968$5,305
8 years$7,976$7,363$6,795$6,268$5,781$4,207
9 years$7,018$6,411$5,853$5,339$4,868$3,383
10 years$6,252$5,651$5,102$4,602$4,148$2,748
11 years$5,626$5,031$4,492$4,005$3,567$2,251
12 years$5,104$4,515$3,987$3,513$3,091$1,856
13 years$4,663$4,081$3,562$3,102$2,696$1,537
14 years$4,286$3,709$3,200$2,753$2,363$1,279
15 years$3,959$3,388$2,889$2,456$2,081$1,068
16 years$3,673$3,109$2,620$2,199$1,839$894
17 years$3,421$2,863$2,384$1,975$1,630$750
18 years$3,197$2,646$2,176$1,780$1,450$630
19 years$2,997$2,452$1,992$1,609$1,292$531
20 years$2,818$2,278$1,828$1,457$1,154$447
21 years$2,655$2,122$1,682$1,322$1,033$377
22 years$2,508$1,981$1,550$1,202$926$319
23 years$2,373$1,853$1,431$1,095$831$269
24 years$2,250$1,736$1,323$999$747$228
25 years$2,137$1,629$1,226$912$672$193
26 years$2,033$1,531$1,137$834$605$163
27 years$1,937$1,441$1,056$763$546$138
28 years$1,848$1,358$981$699$493$117
29 years$1,765$1,281$913$641$445$99
30 years$1,687$1,210$851$589$402$84
31 years$1,615$1,144$793$541$363$71
32 years$1,548$1,082$740$497$329$61
33 years$1,485$1,025$691$457$297$51
34 years$1,425$971$646$420$269$44
35 years$1,369$921$604$387$244$37
36 years$1,317$874$565$356$221$31
37 years$1,267$830$528$328$200$27
38 years$1,220$789$495$303$182$23
39 years$1,176$750$464$279$165$19
40 years$1,133$714$435$257$149$16
41 years$1,093$680$407$237$136$14
42 years$1,055$647$382$219$123$12
43 years$1,019$617$359$202$112$10
44 years$985$588$337$187$101$8
45 years$952$561$316$173$92$7
46 years$921$535$297$159$83$6
47 years$891$510$279$147$76$5
48 years$863$487$262$136$69$4
49 years$835$465$246$126$63$4
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $829,000, adding $2,355 every year, while hoping to spend $39,625 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: 42/41/17 Blend
60$829,000$829,000$829,000$829,000
61$915,987$872,050$859,201$949,806
62$967,257$872,620$845,823$974,491
63$1,022,429$871,890$830,670$997,141
64$1,081,858$869,754$813,638$1,020,830
65$1,145,936$866,100$794,623$1,045,672
66$1,215,092$860,809$773,514$1,071,797
67$1,289,798$853,756$750,194$1,099,346
68$1,370,574$844,807$724,542$1,128,483
69$1,457,990$833,819$696,431$1,159,387
70$1,552,671$820,643$665,728$1,192,262
71$1,655,308$805,119$632,295$1,227,332
72$1,766,659$787,079$595,985$1,264,852
73$1,887,556$766,344$556,649$1,305,103
74$2,018,917$742,725$514,127$1,348,401
75$2,161,749$716,021$468,253$1,395,097
76$2,317,163$686,022$418,855$1,445,584
77$2,486,379$652,502$365,752$1,500,298
78$2,670,741$615,226$308,756$1,559,727
79$2,871,725$573,941$247,668$1,624,412
80$3,090,961$528,383$182,284$1,694,955
81$3,330,237$478,273$112,389$1,772,029
82$3,591,525$423,312$37,759$1,856,378
83$3,876,996$363,189$0$1,948,831
84$4,189,037$297,573$0$2,057,906
85$4,530,279$226,114$0$2,184,831
86$4,903,617$148,444$0$2,323,932
87$5,312,240$64,172$0$2,476,515
88$5,759,659$0$0$2,644,029
89$6,249,740$0$0$2,840,308
90$6,786,742$0$0$3,087,206
91$7,375,352$0$0$3,357,938
92$8,020,736$0$0$3,654,894
93$8,728,582$0$0$3,980,705
94$9,505,155$0$0$4,338,268
95$10,357,355$0$0$4,730,776
96$11,292,784$0$0$5,161,745
97$12,319,815$0$0$5,635,048
98$13,447,670$0$0$6,154,952
99$14,686,511$0$0$6,726,158
100$16,047,529$0$0$7,353,845