Can I retire at age 61 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$68,623$68,012$67,416$66,833$66,265$65,655
2 years$33,972$33,339$32,726$32,131$31,555$30,940
3 years$22,423$21,788$21,176$20,587$20,020$19,419
4 years$16,650$16,016$15,411$14,832$14,278$13,697
5 years$13,187$12,557$11,959$11,392$10,854$10,294
6 years$10,879$10,254$9,665$9,110$8,588$8,050
7 years$9,231$8,611$8,032$7,490$6,985$6,468
8 years$7,995$7,381$6,811$6,283$5,794$5,299
9 years$7,035$6,427$5,867$5,352$4,880$4,406
10 years$6,267$5,665$5,115$4,613$4,158$3,705
11 years$5,639$5,043$4,503$4,015$3,576$3,144
12 years$5,117$4,526$3,996$3,522$3,099$2,688
13 years$4,674$4,090$3,570$3,109$2,702$2,311
14 years$4,296$3,718$3,208$2,760$2,369$1,997
15 years$3,968$3,397$2,896$2,461$2,086$1,733
16 years$3,682$3,116$2,626$2,204$1,843$1,509
17 years$3,429$2,870$2,390$1,980$1,634$1,318
18 years$3,205$2,652$2,181$1,785$1,453$1,154
19 years$3,004$2,458$1,997$1,613$1,295$1,013
20 years$2,824$2,284$1,833$1,460$1,157$890
21 years$2,662$2,127$1,686$1,325$1,035$784
22 years$2,514$1,986$1,554$1,205$928$691
23 years$2,379$1,857$1,435$1,098$833$611
24 years$2,256$1,740$1,327$1,001$749$540
25 years$2,142$1,633$1,229$914$674$477
26 years$2,038$1,535$1,140$836$607$423
27 years$1,942$1,444$1,058$765$547$375
28 years$1,852$1,361$984$701$494$332
29 years$1,769$1,284$915$643$446$295
30 years$1,692$1,213$853$590$403$262
31 years$1,619$1,146$795$542$364$232
32 years$1,552$1,085$742$498$329$206
33 years$1,488$1,027$693$458$298$184
34 years$1,429$974$647$421$270$163
35 years$1,373$923$605$388$244$145
36 years$1,320$876$566$357$222$129
37 years$1,270$832$530$329$201$115
38 years$1,223$791$496$303$182$102
39 years$1,178$752$465$280$165$91
40 years$1,136$716$436$258$150$81
41 years$1,096$681$408$238$136$72
42 years$1,058$649$383$220$123$64
43 years$1,022$618$360$203$112$57
44 years$987$589$337$187$102$51
45 years$955$562$317$173$92$45
46 years$923$536$298$160$84$40
47 years$893$512$280$148$76$36
48 years$865$488$263$136$69$32
49 years$837$466$247$126$63$29
50 years$811$445$232$116$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $831,000, adding $2,307 every year, while hoping to spend $41,540 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: 27/49/24 Blend
60$831,000$831,000$831,000$831,000
61$918,142$874,099$861,218$935,954
62$967,594$872,731$845,871$948,934
63$1,020,698$869,905$828,617$959,085
64$1,077,783$865,503$809,349$969,114
65$1,139,208$859,405$787,954$979,038
66$1,205,372$851,480$764,315$988,878
67$1,276,708$841,591$738,307$998,663
68$1,353,694$829,591$709,803$1,008,428
69$1,436,856$815,326$678,666$1,018,217
70$1,526,771$798,632$644,757$1,028,081
71$1,624,072$779,336$607,927$1,038,085
72$1,729,458$757,254$568,024$1,048,303
73$1,843,695$732,192$524,884$1,058,824
74$1,967,626$703,943$478,342$1,069,750
75$2,102,177$672,290$428,220$1,081,203
76$2,248,370$637,002$374,336$1,093,321
77$2,407,324$597,836$316,497$1,106,267
78$2,580,275$554,534$254,503$1,120,224
79$2,768,581$506,824$188,147$1,135,406
80$2,973,734$454,416$117,208$1,152,055
81$3,197,381$397,008$41,460$1,170,446
82$3,441,329$334,277$0$1,190,895
83$3,707,571$265,883$0$1,223,842
84$3,998,300$191,468$0$1,271,592
85$4,315,928$110,652$0$1,324,040
86$4,663,114$23,034$0$1,381,770
87$5,042,781$0$0$1,445,434
88$5,458,152$0$0$1,554,480
89$5,912,772$0$0$1,687,557
90$6,410,547$0$0$1,833,406
91$6,955,777$0$0$1,993,303
92$7,553,198$0$0$2,168,655
93$8,208,026$0$0$2,361,013
94$8,926,005$0$0$2,572,083
95$9,713,462$0$0$2,803,744
96$10,577,365$0$0$3,058,068
97$11,525,390$0$0$3,337,336
98$12,565,991$0$0$3,644,061
99$13,708,482$0$0$3,981,011
100$14,963,120$0$0$4,351,235