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%19.7%
1 years$68,788$68,176$67,578$66,994$66,425$63,840
2 years$34,054$33,419$32,805$32,209$31,631$29,058
3 years$22,477$21,840$21,227$20,637$20,068$17,588
4 years$16,690$16,055$15,448$14,867$14,313$11,944
5 years$13,218$12,587$11,988$11,420$10,880$8,630
6 years$10,905$10,278$9,688$9,132$8,609$6,478
7 years$9,253$8,632$8,051$7,508$7,002$4,989
8 years$8,015$7,399$6,828$6,298$5,808$3,912
9 years$7,052$6,442$5,881$5,365$4,892$3,109
10 years$6,282$5,678$5,127$4,625$4,168$2,496
11 years$5,653$5,055$4,514$4,025$3,584$2,019
12 years$5,129$4,537$4,006$3,530$3,106$1,643
13 years$4,686$4,100$3,579$3,117$2,709$1,344
14 years$4,306$3,727$3,216$2,767$2,374$1,103
15 years$3,978$3,405$2,903$2,467$2,091$909
16 years$3,691$3,124$2,632$2,209$1,848$750
17 years$3,437$2,877$2,395$1,985$1,638$621
18 years$3,213$2,658$2,187$1,789$1,457$514
19 years$3,012$2,464$2,002$1,616$1,298$427
20 years$2,831$2,289$1,837$1,464$1,160$355
21 years$2,668$2,133$1,690$1,329$1,038$295
22 years$2,520$1,991$1,557$1,208$930$245
23 years$2,385$1,862$1,438$1,100$835$204
24 years$2,261$1,744$1,330$1,003$751$170
25 years$2,148$1,637$1,232$916$675$142
26 years$2,043$1,539$1,142$838$608$118
27 years$1,946$1,448$1,061$767$549$99
28 years$1,857$1,364$986$703$495$82
29 years$1,773$1,287$918$644$447$69
30 years$1,696$1,216$855$591$404$57
31 years$1,623$1,149$797$543$365$48
32 years$1,555$1,087$744$499$330$40
33 years$1,492$1,030$694$459$299$33
34 years$1,432$976$649$422$271$28
35 years$1,376$926$606$389$245$23
36 years$1,323$879$567$358$222$19
37 years$1,273$834$531$330$201$16
38 years$1,226$793$497$304$182$14
39 years$1,181$754$466$280$165$11
40 years$1,139$717$437$259$150$9
41 years$1,099$683$409$239$136$8
42 years$1,061$650$384$220$124$7
43 years$1,024$620$360$203$112$6
44 years$990$591$338$188$102$5
45 years$957$563$318$173$92$4
46 years$925$537$298$160$84$3
47 years$895$513$280$148$76$3
48 years$867$490$263$137$69$2
49 years$839$467$248$126$63$2
50 years$813$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $833,000, adding $2,786 every year, while hoping to spend $36,396 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: 61/23/16 Blend
60$833,000$833,000$833,000$833,000
61$920,840$876,691$863,779$973,134
62$976,040$880,924$853,991$1,012,924
63$1,035,652$884,144$842,655$1,051,994
64$1,100,085$886,264$829,680$1,093,773
65$1,169,792$887,190$814,974$1,138,525
66$1,245,271$886,822$798,435$1,186,546
67$1,327,068$885,056$779,962$1,238,159
68$1,415,784$881,778$759,446$1,293,725
69$1,512,079$876,871$736,772$1,353,639
70$1,616,681$870,207$711,824$1,418,341
71$1,730,389$861,654$684,477$1,488,315
72$1,854,083$851,069$654,601$1,564,097
73$1,988,730$838,301$622,060$1,646,280
74$2,135,395$823,193$586,714$1,735,516
75$2,295,250$805,574$548,414$1,832,529
76$2,469,585$785,266$507,005$1,938,117
77$2,659,818$762,081$462,325$2,053,163
78$2,867,514$735,816$414,207$2,178,639
79$3,094,390$706,261$362,473$2,315,623
80$3,342,342$673,192$306,939$2,465,302
81$3,613,452$636,370$247,414$2,628,988
82$3,910,017$595,545$183,695$2,808,132
83$4,234,563$550,451$115,573$3,004,333
84$4,589,873$500,807$42,829$3,219,358
85$4,979,011$446,318$0$3,455,157
86$5,405,353$386,670$0$3,719,826
87$5,872,613$321,531$0$4,017,989
88$6,384,885$250,551$0$4,344,994
89$6,946,676$173,362$0$4,703,782
90$7,562,952$89,572$0$5,097,595
91$8,239,181$0$0$5,530,010
92$8,981,388$0$0$6,005,283
93$9,796,206$0$0$6,552,007
94$10,690,945$0$0$7,152,422
95$11,673,656$0$0$7,811,942
96$12,753,210$0$0$8,536,527
97$13,939,377$0$0$9,332,744
98$15,242,920$0$0$10,207,828
99$16,675,700$0$0$11,169,750
100$18,250,780$0$0$12,227,291