Can I retire at age 61 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$68,706$68,094$67,497$66,914$66,345$65,872
2 years$34,013$33,379$32,765$32,170$31,593$31,116
3 years$22,450$21,814$21,201$20,612$20,044$19,577
4 years$16,670$16,035$15,429$14,850$14,295$13,843
5 years$13,202$12,572$11,974$11,406$10,867$10,431
6 years$10,892$10,266$9,677$9,121$8,599$8,179
7 years$9,242$8,621$8,041$7,499$6,993$6,590
8 years$8,005$7,390$6,820$6,291$5,801$5,414
9 years$7,043$6,434$5,874$5,358$4,886$4,515
10 years$6,275$5,672$5,121$4,619$4,163$3,808
11 years$5,646$5,049$4,508$4,020$3,580$3,242
12 years$5,123$4,532$4,001$3,526$3,103$2,780
13 years$4,680$4,095$3,575$3,113$2,705$2,398
14 years$4,301$3,723$3,212$2,763$2,372$2,079
15 years$3,973$3,401$2,900$2,464$2,088$1,810
16 years$3,686$3,120$2,629$2,207$1,845$1,582
17 years$3,433$2,873$2,392$1,983$1,636$1,386
18 years$3,209$2,655$2,184$1,787$1,455$1,218
19 years$3,008$2,461$1,999$1,614$1,297$1,073
20 years$2,828$2,287$1,835$1,462$1,158$947
21 years$2,665$2,130$1,688$1,327$1,037$837
22 years$2,517$1,988$1,555$1,207$929$741
23 years$2,382$1,860$1,436$1,099$834$656
24 years$2,258$1,742$1,328$1,002$750$582
25 years$2,145$1,635$1,230$915$675$517
26 years$2,041$1,537$1,141$837$608$460
27 years$1,944$1,446$1,060$766$548$409
28 years$1,854$1,363$985$702$494$364
29 years$1,771$1,286$917$644$446$325
30 years$1,694$1,214$854$591$403$289
31 years$1,621$1,148$796$542$365$258
32 years$1,553$1,086$743$499$330$230
33 years$1,490$1,028$693$458$299$205
34 years$1,430$975$648$422$270$183
35 years$1,374$925$606$388$245$164
36 years$1,321$878$567$358$222$146
37 years$1,272$833$530$330$201$131
38 years$1,224$792$497$304$182$117
39 years$1,180$753$465$280$165$104
40 years$1,137$717$436$258$150$93
41 years$1,097$682$409$238$136$83
42 years$1,059$650$384$220$123$75
43 years$1,023$619$360$203$112$67
44 years$989$590$338$187$102$60
45 years$956$563$317$173$92$53
46 years$924$537$298$160$84$48
47 years$894$512$280$148$76$43
48 years$866$489$263$137$69$38
49 years$838$467$247$126$63$34
50 years$812$446$232$117$57$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $832,000, adding $5,975 every year, while hoping to spend $23,340 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: 74/11/15 Blend
60$832,000$832,000$832,000$832,000
61$923,027$878,931$866,035$987,858
62$992,342$897,165$870,214$1,049,797
63$1,067,945$915,511$873,750$1,114,182
64$1,150,453$933,948$876,598$1,184,104
65$1,240,544$952,456$878,709$1,260,106
66$1,338,966$971,013$880,032$1,342,787
67$1,446,542$989,593$880,514$1,432,808
68$1,564,176$1,008,171$880,099$1,530,894
69$1,692,867$1,026,716$878,727$1,637,847
70$1,833,713$1,045,199$876,338$1,754,550
71$1,987,922$1,063,584$872,866$1,881,974
72$2,156,827$1,081,836$868,243$2,021,191
73$2,341,893$1,099,916$862,399$2,173,380
74$2,544,736$1,117,781$855,259$2,339,843
75$2,767,134$1,135,387$846,745$2,522,013
76$3,011,045$1,152,685$836,774$2,721,469
77$3,278,628$1,169,623$825,263$2,939,951
78$3,572,258$1,186,145$812,120$3,179,377
79$3,894,555$1,202,192$797,251$3,441,860
80$4,248,400$1,217,700$780,560$3,729,729
81$4,636,970$1,232,600$761,942$4,045,551
82$5,063,764$1,246,821$741,290$4,392,154
83$5,532,636$1,260,284$718,492$4,772,654
84$6,047,833$1,272,906$693,430$5,190,487
85$6,614,033$1,284,599$665,980$5,649,438
86$7,236,389$1,295,268$636,015$6,153,680
87$7,920,578$1,304,814$603,399$6,707,809
88$8,672,856$1,313,129$567,991$7,316,893
89$9,500,114$1,320,099$529,646$7,986,515
90$10,409,945$1,325,603$488,209$8,722,831
91$11,410,715$1,329,513$443,519$9,532,622
92$12,511,640$1,331,692$395,409$10,423,363
93$13,722,876$1,331,994$343,705$11,403,292
94$15,055,613$1,330,265$288,222$12,481,487
95$16,522,178$1,326,340$228,770$13,667,953
96$18,136,156$1,320,047$165,150$14,973,718
97$19,912,514$1,311,200$97,153$16,410,933
98$21,867,745$1,299,603$24,561$17,992,992
99$24,020,020$1,285,048$0$19,734,654
100$26,389,363$1,267,316$0$21,660,654