Can I retire at age 61 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$68,788$68,176$67,578$66,994$66,425$64,583
2 years$34,054$33,419$32,805$32,209$31,631$29,789
3 years$22,477$21,840$21,227$20,637$20,068$18,284
4 years$16,690$16,055$15,448$14,867$14,313$12,600
5 years$13,218$12,587$11,988$11,420$10,880$9,244
6 years$10,905$10,278$9,688$9,132$8,609$7,050
7 years$9,253$8,632$8,051$7,508$7,002$5,520
8 years$8,015$7,399$6,828$6,298$5,808$4,404
9 years$7,052$6,442$5,881$5,365$4,892$3,562
10 years$6,282$5,678$5,127$4,625$4,168$2,913
11 years$5,653$5,055$4,514$4,025$3,584$2,401
12 years$5,129$4,537$4,006$3,530$3,106$1,992
13 years$4,686$4,100$3,579$3,117$2,709$1,662
14 years$4,306$3,727$3,216$2,767$2,374$1,392
15 years$3,978$3,405$2,903$2,467$2,091$1,170
16 years$3,691$3,124$2,632$2,209$1,848$987
17 years$3,437$2,877$2,395$1,985$1,638$834
18 years$3,213$2,658$2,187$1,789$1,457$706
19 years$3,012$2,464$2,002$1,616$1,298$599
20 years$2,831$2,289$1,837$1,464$1,160$509
21 years$2,668$2,133$1,690$1,329$1,038$433
22 years$2,520$1,991$1,557$1,208$930$368
23 years$2,385$1,862$1,438$1,100$835$314
24 years$2,261$1,744$1,330$1,003$751$268
25 years$2,148$1,637$1,232$916$675$228
26 years$2,043$1,539$1,142$838$608$195
27 years$1,946$1,448$1,061$767$549$166
28 years$1,857$1,364$986$703$495$142
29 years$1,773$1,287$918$644$447$121
30 years$1,696$1,216$855$591$404$104
31 years$1,623$1,149$797$543$365$89
32 years$1,555$1,087$744$499$330$76
33 years$1,492$1,030$694$459$299$65
34 years$1,432$976$649$422$271$56
35 years$1,376$926$606$389$245$48
36 years$1,323$879$567$358$222$41
37 years$1,273$834$531$330$201$35
38 years$1,226$793$497$304$182$30
39 years$1,181$754$466$280$165$25
40 years$1,139$717$437$259$150$22
41 years$1,099$683$409$239$136$19
42 years$1,061$650$384$220$124$16
43 years$1,024$620$360$203$112$14
44 years$990$591$338$188$102$12
45 years$957$563$318$173$92$10
46 years$925$537$298$160$84$9
47 years$895$513$280$148$76$7
48 years$867$490$263$137$69$6
49 years$839$467$248$126$63$5
50 years$813$447$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $833,000, adding $3,203 every year, while hoping to spend $46,623 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: 84/7/9 Blend
60$833,000$833,000$833,000$833,000
61$921,270$877,121$864,209$997,288
62$965,633$870,493$843,554$1,040,821
63$1,012,958$861,978$820,644$1,082,017
64$1,063,499$851,434$795,354$1,125,823
65$1,117,533$838,711$767,555$1,172,474
66$1,175,362$823,649$737,110$1,222,226
67$1,237,322$806,081$703,876$1,275,362
68$1,303,776$785,826$667,703$1,332,194
69$1,375,127$762,698$628,437$1,393,065
70$1,451,814$736,494$585,914$1,458,352
71$1,534,321$707,003$539,963$1,528,471
72$1,623,177$674,002$490,408$1,603,882
73$1,718,966$637,253$437,061$1,685,087
74$1,822,328$596,506$379,730$1,772,645
75$1,933,965$551,495$318,211$1,867,167
76$2,054,651$501,939$252,292$1,969,328
77$2,185,234$447,543$181,753$2,079,874
78$2,326,649$387,994$106,362$2,199,622
79$2,479,922$322,960$25,880$2,329,479
80$2,646,180$252,091$0$2,470,438
81$2,826,667$175,020$0$2,629,361
82$3,022,746$91,355$0$2,804,722
83$3,235,920$685$0$2,995,392
84$3,467,840$0$0$3,202,869
85$3,720,324$0$0$3,436,306
86$3,995,373$0$0$3,690,677
87$4,295,188$0$0$3,967,965
88$4,622,191$0$0$4,270,412
89$4,979,048$0$0$4,600,488
90$5,368,695$0$0$4,960,908
91$5,794,362$0$0$5,354,662
92$6,259,606$0$0$5,785,044
93$6,768,342$0$0$6,255,677
94$7,324,883$0$0$6,770,551
95$7,933,975$0$0$7,334,063
96$8,600,846$0$0$7,951,049
97$9,331,253$0$0$8,626,838
98$10,131,534$0$0$9,367,299
99$11,008,672$0$0$10,178,893
100$11,970,355$0$0$11,068,738