Can I retire at age 61 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$67,054$66,457$65,874$65,305$64,750$63,994
2 years$33,195$32,577$31,978$31,397$30,833$30,072
3 years$21,910$21,289$20,692$20,116$19,562$18,820
4 years$16,269$15,650$15,058$14,493$13,952$13,234
5 years$12,885$12,270$11,686$11,132$10,606$9,914
6 years$10,630$10,019$9,444$8,902$8,392$7,728
7 years$9,020$8,414$7,848$7,319$6,825$6,189
8 years$7,812$7,212$6,656$6,140$5,662$5,053
9 years$6,874$6,280$5,733$5,230$4,768$4,187
10 years$6,124$5,535$4,998$4,508$4,063$3,508
11 years$5,510$4,928$4,400$3,923$3,494$2,966
12 years$5,000$4,423$3,905$3,441$3,028$2,526
13 years$4,568$3,997$3,489$3,038$2,640$2,163
14 years$4,198$3,633$3,135$2,697$2,315$1,862
15 years$3,877$3,319$2,830$2,405$2,038$1,609
16 years$3,597$3,045$2,566$2,154$1,801$1,395
17 years$3,351$2,804$2,335$1,935$1,597$1,214
18 years$3,132$2,591$2,131$1,744$1,420$1,058
19 years$2,936$2,402$1,951$1,576$1,266$925
20 years$2,760$2,232$1,791$1,427$1,131$809
21 years$2,601$2,079$1,647$1,295$1,012$709
22 years$2,456$1,940$1,518$1,178$907$623
23 years$2,325$1,815$1,402$1,072$814$547
24 years$2,204$1,700$1,296$978$732$482
25 years$2,093$1,596$1,201$893$658$424
26 years$1,991$1,500$1,114$817$593$374
27 years$1,897$1,411$1,034$748$535$330
28 years$1,810$1,330$961$685$482$291
29 years$1,729$1,255$895$628$436$257
30 years$1,653$1,185$833$576$394$227
31 years$1,582$1,120$777$529$356$201
32 years$1,516$1,060$725$487$322$177
33 years$1,454$1,004$677$447$291$157
34 years$1,396$951$632$412$264$139
35 years$1,341$902$591$379$239$123
36 years$1,290$856$553$349$216$109
37 years$1,241$813$518$322$196$96
38 years$1,195$773$485$296$178$85
39 years$1,151$735$454$273$161$75
40 years$1,110$699$426$252$146$67
41 years$1,071$666$399$233$133$59
42 years$1,034$634$374$215$120$52
43 years$998$604$351$198$109$46
44 years$965$576$330$183$99$41
45 years$933$549$310$169$90$36
46 years$902$524$291$156$82$32
47 years$873$500$273$144$74$29
48 years$845$477$257$133$67$25
49 years$818$456$241$123$61$22
50 years$793$435$227$114$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $812,000, adding $4,300 every year, while hoping to spend $59,731 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: 69/12/19 Blend
60$812,000$812,000$812,000$812,000
61$899,259$856,223$843,637$956,855
62$927,431$834,625$808,346$974,244
63$956,473$809,966$769,870$985,834
64$986,413$782,035$728,041$997,040
65$1,017,277$750,604$682,680$1,007,821
66$1,049,092$715,436$633,602$1,018,130
67$1,081,886$676,279$580,614$1,027,918
68$1,115,687$632,865$523,513$1,037,135
69$1,150,524$584,912$462,088$1,045,726
70$1,186,427$532,123$396,118$1,053,632
71$1,223,427$474,181$325,372$1,060,792
72$1,261,554$410,754$249,609$1,067,141
73$1,300,840$341,488$168,579$1,072,608
74$1,341,318$266,013$82,018$1,077,121
75$1,383,019$183,935$0$1,080,601
76$1,425,979$94,839$0$1,085,065
77$1,470,229$0$0$1,106,207
78$1,515,806$0$0$1,127,575
79$1,562,743$0$0$1,162,477
80$1,611,076$0$0$1,198,416
81$1,660,840$0$0$1,235,417
82$1,712,071$0$0$1,273,508
83$1,764,806$0$0$1,312,714
84$1,819,080$0$0$1,353,063
85$1,874,929$0$0$1,394,580
86$1,932,389$0$0$1,437,293
87$1,991,496$0$0$1,481,227
88$2,052,284$0$0$1,526,408
89$2,114,790$0$0$1,572,861
90$2,179,046$0$0$1,620,612
91$2,245,085$0$0$1,669,684
92$2,312,939$0$0$1,720,099
93$2,382,639$0$0$1,771,881
94$2,454,211$0$0$1,825,049
95$2,527,684$0$0$1,879,622
96$2,603,079$0$0$1,935,616
97$2,680,419$0$0$1,993,046
98$2,759,719$0$0$2,051,924
99$2,840,994$0$0$2,112,259
100$2,924,252$0$0$2,174,056