Can I retire at age 61 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$67,302$66,702$66,118$65,547$64,989$64,337
2 years$33,318$32,697$32,096$31,513$30,947$30,291
3 years$21,991$21,368$20,768$20,191$19,634$18,993
4 years$16,329$15,708$15,114$14,546$14,003$13,383
5 years$12,933$12,315$11,729$11,173$10,645$10,047
6 years$10,669$10,056$9,479$8,935$8,423$7,848
7 years$9,053$8,445$7,877$7,346$6,850$6,299
8 years$7,841$7,239$6,680$6,162$5,683$5,155
9 years$6,899$6,303$5,754$5,249$4,786$4,281
10 years$6,146$5,556$5,016$4,525$4,078$3,596
11 years$5,531$4,946$4,416$3,938$3,507$3,048
12 years$5,018$4,439$3,919$3,454$3,039$2,602
13 years$4,584$4,012$3,502$3,049$2,650$2,234
14 years$4,213$3,647$3,146$2,707$2,323$1,928
15 years$3,892$3,331$2,841$2,414$2,045$1,671
16 years$3,611$3,056$2,575$2,162$1,808$1,453
17 years$3,363$2,815$2,344$1,942$1,603$1,267
18 years$3,143$2,601$2,139$1,750$1,425$1,108
19 years$2,947$2,411$1,958$1,581$1,270$971
20 years$2,770$2,240$1,797$1,432$1,135$852
21 years$2,610$2,086$1,653$1,300$1,015$750
22 years$2,465$1,948$1,524$1,182$910$660
23 years$2,333$1,822$1,407$1,076$817$582
24 years$2,212$1,707$1,301$982$734$514
25 years$2,101$1,602$1,205$897$661$454
26 years$1,999$1,505$1,118$820$595$401
27 years$1,904$1,417$1,038$750$537$355
28 years$1,816$1,335$965$688$484$314
29 years$1,735$1,259$898$630$437$278
30 years$1,659$1,189$836$579$395$247
31 years$1,588$1,124$780$531$357$219
32 years$1,522$1,064$727$488$323$194
33 years$1,460$1,007$679$449$292$172
34 years$1,401$955$635$413$265$153
35 years$1,346$906$593$380$240$136
36 years$1,294$860$555$350$217$120
37 years$1,246$816$520$323$197$107
38 years$1,199$776$487$298$179$95
39 years$1,156$738$456$274$162$84
40 years$1,114$702$427$253$147$75
41 years$1,075$668$401$233$133$67
42 years$1,038$636$376$215$121$59
43 years$1,002$606$353$199$110$53
44 years$968$578$331$184$100$47
45 years$936$551$311$170$90$42
46 years$905$526$292$157$82$37
47 years$876$502$274$145$75$33
48 years$848$479$258$134$68$29
49 years$821$457$242$124$61$26
50 years$796$437$228$114$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $815,000, adding $6,201 every year, while hoping to spend $25,280 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: 82/11/7 Blend
60$815,000$815,000$815,000$815,000
61$904,526$861,331$848,699$977,570
62$969,890$876,639$850,233$1,041,555
63$1,041,074$891,849$850,970$1,107,765
64$1,118,645$906,931$850,859$1,179,673
65$1,203,226$921,850$849,842$1,257,835
66$1,295,505$936,570$847,861$1,342,862
67$1,396,237$951,053$844,855$1,435,428
68$1,506,254$965,255$840,759$1,536,277
69$1,626,472$979,133$835,505$1,646,226
70$1,757,900$992,639$829,022$1,766,175
71$1,901,648$1,005,720$821,236$1,897,116
72$2,058,938$1,018,322$812,069$2,040,143
73$2,231,116$1,030,386$801,440$2,196,459
74$2,419,664$1,041,850$789,263$2,367,390
75$2,626,215$1,052,646$775,449$2,554,396
76$2,852,567$1,062,703$759,904$2,759,088
77$3,100,698$1,071,944$742,530$2,983,238
78$3,372,789$1,080,290$723,225$3,228,801
79$3,671,243$1,087,653$701,882$3,497,928
80$3,998,702$1,093,941$678,388$3,792,990
81$4,358,082$1,099,056$652,626$4,116,602
82$4,752,592$1,102,895$624,474$4,471,643
83$5,185,766$1,105,347$593,804$4,861,284
84$5,661,498$1,106,293$560,480$5,289,022
85$6,184,079$1,105,609$524,365$5,758,708
86$6,758,234$1,103,163$485,310$6,274,588
87$7,389,170$1,098,814$443,163$6,841,339
88$8,082,621$1,092,412$397,765$7,464,114
89$8,844,906$1,083,798$348,948$8,148,593
90$9,682,987$1,072,804$296,539$8,901,036
91$10,604,533$1,059,253$240,354$9,728,338
92$11,617,994$1,042,955$180,205$10,638,100
93$12,732,680$1,023,711$115,892$11,638,698
94$13,958,848$1,001,307$47,209$12,739,360
95$15,307,799$975,519$0$13,950,259
96$16,791,985$946,111$0$15,284,551
97$18,425,126$912,829$0$16,756,528
98$20,222,339$875,407$0$18,376,291
99$22,200,280$833,564$0$20,158,859
100$24,377,302$787,002$0$22,120,780