Can I retire at age 61 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$68,541$67,930$67,334$66,753$66,185$65,089
2 years$33,931$33,299$32,687$32,093$31,517$30,415
3 years$22,396$21,761$21,150$20,562$19,996$18,923
4 years$16,630$15,997$15,392$14,814$14,261$13,226
5 years$13,171$12,542$11,945$11,378$10,841$9,847
6 years$10,865$10,241$9,653$9,099$8,578$7,626
7 years$9,220$8,601$8,022$7,481$6,976$6,066
8 years$7,986$7,372$6,803$6,276$5,788$4,919
9 years$7,026$6,419$5,860$5,346$4,874$4,046
10 years$6,260$5,658$5,109$4,608$4,153$3,366
11 years$5,633$5,037$4,497$4,010$3,572$2,824
12 years$5,110$4,521$3,991$3,518$3,095$2,387
13 years$4,669$4,086$3,566$3,105$2,699$2,028
14 years$4,291$3,714$3,204$2,757$2,366$1,732
15 years$3,963$3,393$2,893$2,458$2,083$1,485
16 years$3,677$3,113$2,623$2,201$1,841$1,277
17 years$3,425$2,867$2,387$1,978$1,632$1,101
18 years$3,201$2,649$2,179$1,782$1,451$952
19 years$3,001$2,455$1,995$1,611$1,294$824
20 years$2,821$2,281$1,830$1,459$1,156$715
21 years$2,658$2,125$1,684$1,324$1,034$621
22 years$2,511$1,983$1,552$1,204$927$540
23 years$2,376$1,855$1,433$1,096$832$471
24 years$2,253$1,738$1,325$1,000$748$410
25 years$2,140$1,631$1,227$913$673$358
26 years$2,036$1,533$1,138$835$606$312
27 years$1,939$1,443$1,057$764$547$273
28 years$1,850$1,359$983$700$493$239
29 years$1,767$1,283$914$642$445$209
30 years$1,690$1,211$852$589$402$182
31 years$1,617$1,145$794$541$364$160
32 years$1,550$1,083$741$497$329$140
33 years$1,486$1,026$692$457$298$122
34 years$1,427$972$646$421$270$107
35 years$1,371$922$604$387$244$94
36 years$1,318$875$565$357$221$82
37 years$1,268$831$529$329$201$72
38 years$1,221$790$495$303$182$63
39 years$1,177$751$464$279$165$55
40 years$1,135$715$435$258$150$49
41 years$1,095$680$408$238$136$43
42 years$1,057$648$383$219$123$37
43 years$1,021$617$359$203$112$33
44 years$986$589$337$187$101$29
45 years$953$561$317$173$92$25
46 years$922$535$297$160$84$22
47 years$892$511$279$147$76$19
48 years$864$488$262$136$69$17
49 years$836$466$247$126$63$15
50 years$810$445$232$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $830,000, adding $3,878 every year, while hoping to spend $45,755 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: 58/15/27 Blend
60$830,000$830,000$830,000$830,000
61$918,660$874,670$861,805$964,980
62$963,681$868,846$841,993$991,291
63$1,011,759$861,203$819,983$1,014,793
64$1,063,161$851,604$795,654$1,039,466
65$1,118,173$839,902$768,879$1,065,439
66$1,177,114$825,945$739,523$1,092,851
67$1,240,330$809,567$707,448$1,121,860
68$1,308,204$790,596$672,508$1,152,642
69$1,381,154$768,848$634,550$1,185,395
70$1,459,640$744,129$593,415$1,220,335
71$1,544,165$716,234$548,937$1,257,709
72$1,635,285$684,944$500,941$1,297,786
73$1,733,608$650,031$449,247$1,340,869
74$1,839,803$611,249$393,663$1,387,295
75$1,954,605$568,342$333,993$1,437,438
76$2,078,822$521,038$270,029$1,491,713
77$2,213,341$469,049$201,555$1,550,584
78$2,359,140$412,070$128,344$1,614,562
79$2,517,291$349,780$50,163$1,684,219
80$2,688,976$281,841$0$1,760,187
81$2,875,492$207,892$0$1,852,753
82$3,078,269$127,555$0$1,969,156
83$3,298,877$40,430$0$2,095,871
84$3,539,046$0$0$2,233,935
85$3,800,678$0$0$2,393,392
86$4,085,868$0$0$2,574,544
87$4,396,918$0$0$2,772,191
88$4,736,366$0$0$2,987,950
89$5,107,003$0$0$3,223,607
90$5,511,902$0$0$3,481,124
91$5,954,446$0$0$3,762,662
92$6,438,360$0$0$4,070,600
93$6,967,745$0$0$4,407,559
94$7,547,116$0$0$4,776,423
95$8,181,446$0$0$5,180,368
96$8,876,210$0$0$5,622,894
97$9,637,439$0$0$6,107,852
98$10,471,772$0$0$6,639,486
99$11,386,523$0$0$7,222,468
100$12,389,748$0$0$7,861,946