Can I retire at age 61 with 831,000?

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 $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%13.7%
1 years$68,623$68,012$67,416$66,833$66,265$65,248
2 years$33,972$33,339$32,726$32,131$31,555$30,532
3 years$22,423$21,788$21,176$20,587$20,020$19,024
4 years$16,650$16,016$15,411$14,832$14,278$13,317
5 years$13,187$12,557$11,959$11,392$10,854$9,930
6 years$10,879$10,254$9,665$9,110$8,588$7,702
7 years$9,231$8,611$8,032$7,490$6,985$6,137
8 years$7,995$7,381$6,811$6,283$5,794$4,985
9 years$7,035$6,427$5,867$5,352$4,880$4,108
10 years$6,267$5,665$5,115$4,613$4,158$3,424
11 years$5,639$5,043$4,503$4,015$3,576$2,878
12 years$5,117$4,526$3,996$3,522$3,099$2,437
13 years$4,674$4,090$3,570$3,109$2,702$2,075
14 years$4,296$3,718$3,208$2,760$2,369$1,776
15 years$3,968$3,397$2,896$2,461$2,086$1,525
16 years$3,682$3,116$2,626$2,204$1,843$1,314
17 years$3,429$2,870$2,390$1,980$1,634$1,136
18 years$3,205$2,652$2,181$1,785$1,453$984
19 years$3,004$2,458$1,997$1,613$1,295$854
20 years$2,824$2,284$1,833$1,460$1,157$743
21 years$2,662$2,127$1,686$1,325$1,035$647
22 years$2,514$1,986$1,554$1,205$928$564
23 years$2,379$1,857$1,435$1,098$833$492
24 years$2,256$1,740$1,327$1,001$749$430
25 years$2,142$1,633$1,229$914$674$376
26 years$2,038$1,535$1,140$836$607$329
27 years$1,942$1,444$1,058$765$547$288
28 years$1,852$1,361$984$701$494$252
29 years$1,769$1,284$915$643$446$221
30 years$1,692$1,213$853$590$403$194
31 years$1,619$1,146$795$542$364$170
32 years$1,552$1,085$742$498$329$149
33 years$1,488$1,027$693$458$298$131
34 years$1,429$974$647$421$270$115
35 years$1,373$923$605$388$244$101
36 years$1,320$876$566$357$222$89
37 years$1,270$832$530$329$201$78
38 years$1,223$791$496$303$182$69
39 years$1,178$752$465$280$165$60
40 years$1,136$716$436$258$150$53
41 years$1,096$681$408$238$136$46
42 years$1,058$649$383$220$123$41
43 years$1,022$618$360$203$112$36
44 years$987$589$337$187$102$32
45 years$955$562$317$173$92$28
46 years$923$536$298$160$84$24
47 years$893$512$280$148$76$21
48 years$865$488$263$136$69$19
49 years$837$466$247$126$63$17
50 years$811$445$232$116$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $831,000, adding $4,299 every year, while hoping to spend $55,709 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: 53/35/12 Blend
60$831,000$831,000$831,000$831,000
61$920,196$876,153$863,273$965,859
62$954,783$859,811$832,919$981,088
63$991,029$840,801$799,680$991,297
64$1,029,047$818,933$763,403$1,001,118
65$1,068,956$794,007$723,923$1,010,529
66$1,110,887$765,810$681,072$1,019,507
67$1,154,981$734,119$634,671$1,028,029
68$1,201,392$698,694$584,535$1,036,076
69$1,250,288$659,284$530,472$1,043,629
70$1,301,852$615,623$472,277$1,050,672
71$1,356,282$567,430$409,739$1,057,193
72$1,413,796$514,407$342,639$1,063,181
73$1,474,630$456,240$270,744$1,068,631
74$1,539,044$392,596$193,815$1,073,542
75$1,607,318$323,125$111,599$1,077,919
76$1,679,762$247,456$23,835$1,081,775
77$1,756,712$165,196$0$1,085,127
78$1,838,539$75,933$0$1,096,946
79$1,925,645$0$0$1,112,167
80$2,018,473$0$0$1,135,823
81$2,117,506$0$0$1,192,307
82$2,223,275$0$0$1,252,682
83$2,336,360$0$0$1,317,287
84$2,457,399$0$0$1,386,491
85$2,587,089$0$0$1,460,702
86$2,726,198$0$0$1,540,365
87$2,875,566$0$0$1,625,969
88$3,036,114$0$0$1,718,053
89$3,208,857$0$0$1,817,206
90$3,394,906$0$0$1,924,075
91$3,595,482$0$0$2,039,373
92$3,811,928$0$0$2,163,881
93$4,045,717$0$0$2,298,459
94$4,298,468$0$0$2,444,050
95$4,571,964$0$0$2,601,692
96$4,868,159$0$0$2,772,527
97$5,189,208$0$0$2,957,810
98$5,537,475$0$0$3,158,919
99$5,915,562$0$0$3,377,373
100$6,326,332$0$0$3,614,841