Can I retire at age 61 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$67,137$66,539$65,955$65,386$64,830$63,573
2 years$33,236$32,617$32,017$31,435$30,871$29,610
3 years$21,937$21,316$20,717$20,141$19,586$18,360
4 years$16,289$15,669$15,077$14,510$13,969$12,787
5 years$12,901$12,285$11,700$11,145$10,619$9,485
6 years$10,643$10,032$9,456$8,913$8,402$7,318
7 years$9,031$8,424$7,858$7,328$6,833$5,798
8 years$7,822$7,221$6,664$6,147$5,669$4,683
9 years$6,883$6,287$5,740$5,236$4,774$3,836
10 years$6,131$5,542$5,004$4,514$4,068$3,177
11 years$5,517$4,934$4,405$3,928$3,498$2,654
12 years$5,006$4,428$3,910$3,446$3,032$2,233
13 years$4,573$4,002$3,493$3,042$2,644$1,889
14 years$4,203$3,638$3,138$2,700$2,317$1,605
15 years$3,882$3,323$2,834$2,408$2,040$1,369
16 years$3,602$3,049$2,569$2,156$1,803$1,172
17 years$3,355$2,808$2,338$1,937$1,599$1,006
18 years$3,135$2,595$2,134$1,746$1,422$865
19 years$2,939$2,405$1,954$1,578$1,267$745
20 years$2,763$2,234$1,793$1,429$1,132$643
21 years$2,604$2,081$1,649$1,297$1,013$556
22 years$2,459$1,943$1,520$1,179$908$481
23 years$2,328$1,817$1,403$1,074$815$416
24 years$2,207$1,703$1,298$979$733$361
25 years$2,096$1,598$1,202$894$659$313
26 years$1,994$1,502$1,115$818$594$272
27 years$1,900$1,413$1,035$749$535$236
28 years$1,812$1,332$962$686$483$205
29 years$1,731$1,256$896$629$436$178
30 years$1,655$1,186$834$577$394$155
31 years$1,584$1,122$778$530$356$135
32 years$1,518$1,061$726$487$322$117
33 years$1,456$1,005$678$448$292$102
34 years$1,398$952$633$412$264$89
35 years$1,343$903$592$379$239$78
36 years$1,291$857$554$349$217$68
37 years$1,242$814$518$322$196$59
38 years$1,196$774$485$297$178$51
39 years$1,153$736$455$274$161$45
40 years$1,111$700$426$252$146$39
41 years$1,072$667$400$233$133$34
42 years$1,035$635$375$215$121$30
43 years$1,000$605$352$198$109$26
44 years$966$577$330$183$99$22
45 years$934$550$310$169$90$20
46 years$903$524$291$156$82$17
47 years$874$500$274$144$74$15
48 years$846$478$257$133$68$13
49 years$819$456$242$123$61$11
50 years$794$436$227$114$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $813,000, adding $2,561 every year, while hoping to spend $59,920 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: 84/6/10 Blend
60$813,000$813,000$813,000$813,000
61$898,568$855,479$842,877$972,498
62$926,467$833,643$807,359$999,386
63$955,204$808,729$768,643$1,020,602
64$984,801$780,522$726,558$1,042,065
65$1,015,279$748,797$680,927$1,063,762
66$1,046,663$713,313$631,563$1,085,681
67$1,078,974$673,816$578,272$1,107,806
68$1,112,236$630,040$520,850$1,130,121
69$1,146,471$581,699$459,086$1,152,609
70$1,181,703$528,494$392,757$1,175,248
71$1,217,955$470,109$321,633$1,198,017
72$1,255,250$406,207$245,471$1,220,891
73$1,293,610$336,436$164,019$1,243,843
74$1,333,059$260,422$77,014$1,266,843
75$1,373,617$177,769$0$1,289,859
76$1,415,307$88,061$0$1,314,544
77$1,458,149$0$0$1,348,048
78$1,502,163$0$0$1,382,739
79$1,547,367$0$0$1,424,339
80$1,593,781$0$0$1,467,050
81$1,641,418$0$0$1,510,887
82$1,690,295$0$0$1,555,862
83$1,740,422$0$0$1,601,986
84$1,791,811$0$0$1,649,269
85$1,844,468$0$0$1,697,718
86$1,898,398$0$0$1,747,335
87$1,953,601$0$0$1,798,121
88$2,010,074$0$0$1,850,073
89$2,067,810$0$0$1,903,183
90$2,126,795$0$0$1,957,440
91$2,187,010$0$0$2,012,824
92$2,248,431$0$0$2,069,313
93$2,311,024$0$0$2,126,876
94$2,374,750$0$0$2,185,475
95$2,439,557$0$0$2,245,064
96$2,505,387$0$0$2,305,585
97$2,572,166$0$0$2,366,973
98$2,639,810$0$0$2,429,148
99$2,708,221$0$0$2,492,019
100$2,777,283$0$0$2,555,478