Can I retire at age 61 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$67,550$66,948$66,361$65,788$65,228$62,914
2 years$33,440$32,818$32,214$31,629$31,061$28,754
3 years$22,072$21,447$20,845$20,265$19,706$17,479
4 years$16,389$15,766$15,170$14,600$14,055$11,925
5 years$12,980$12,360$11,772$11,214$10,684$8,656
6 years$10,708$10,093$9,514$8,968$8,454$6,530
7 years$9,086$8,476$7,906$7,373$6,875$5,055
8 years$7,870$7,266$6,705$6,185$5,704$3,986
9 years$6,925$6,326$5,775$5,268$4,803$3,185
10 years$6,169$5,576$5,035$4,541$4,093$2,571
11 years$5,551$4,964$4,432$3,952$3,520$2,093
12 years$5,036$4,456$3,934$3,467$3,050$1,713
13 years$4,601$4,027$3,514$3,061$2,660$1,410
14 years$4,229$3,660$3,158$2,717$2,332$1,165
15 years$3,906$3,343$2,851$2,423$2,053$965
16 years$3,624$3,068$2,585$2,169$1,814$802
17 years$3,375$2,825$2,352$1,949$1,609$668
18 years$3,155$2,611$2,147$1,757$1,430$557
19 years$2,957$2,419$1,966$1,587$1,275$466
20 years$2,780$2,248$1,804$1,438$1,139$390
21 years$2,620$2,094$1,659$1,305$1,019$326
22 years$2,474$1,955$1,529$1,186$914$273
23 years$2,342$1,828$1,412$1,080$820$229
24 years$2,220$1,713$1,306$985$737$192
25 years$2,109$1,608$1,210$900$663$162
26 years$2,006$1,511$1,122$823$597$136
27 years$1,911$1,422$1,042$753$539$114
28 years$1,823$1,340$968$690$486$96
29 years$1,741$1,264$901$633$439$81
30 years$1,665$1,194$839$581$397$68
31 years$1,594$1,128$783$533$359$57
32 years$1,527$1,068$730$490$324$48
33 years$1,465$1,011$682$451$293$40
34 years$1,406$958$637$415$266$34
35 years$1,351$909$596$382$241$29
36 years$1,299$863$557$352$218$24
37 years$1,250$819$521$324$198$20
38 years$1,204$779$488$299$179$17
39 years$1,160$741$457$275$162$14
40 years$1,118$705$429$254$147$12
41 years$1,079$671$402$234$134$10
42 years$1,041$639$377$216$121$9
43 years$1,006$609$354$200$110$7
44 years$972$580$332$184$100$6
45 years$940$553$312$170$91$5
46 years$909$528$293$157$82$4
47 years$879$504$275$145$75$4
48 years$851$481$259$134$68$3
49 years$824$459$243$124$62$3
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $818,000, adding $6,861 every year, while hoping to spend $24,847 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: 44/33/23 Blend
60$818,000$818,000$818,000$818,000
61$908,513$865,159$852,480$942,164
62$974,744$881,115$854,601$982,610
63$1,046,899$897,020$855,961$1,023,483
64$1,125,553$912,845$856,506$1,067,288
65$1,211,345$928,560$856,185$1,114,311
66$1,304,973$944,130$854,938$1,164,866
67$1,407,209$959,521$852,707$1,219,300
68$1,518,901$974,693$849,428$1,277,997
69$1,640,981$989,606$845,037$1,341,379
70$1,774,480$1,004,215$839,464$1,409,913
71$1,920,527$1,018,473$832,637$1,484,115
72$2,080,371$1,032,328$824,481$1,564,553
73$2,255,384$1,045,726$814,915$1,651,856
74$2,447,076$1,058,610$803,858$1,746,716
75$2,657,113$1,070,917$791,222$1,849,898
76$2,887,327$1,082,580$776,917$1,962,247
77$3,139,737$1,093,530$760,846$2,084,694
78$3,416,567$1,103,690$742,912$2,218,269
79$3,720,266$1,112,980$723,008$2,364,105
80$4,053,531$1,121,314$701,027$2,523,456
81$4,419,335$1,128,601$676,855$2,697,703
82$4,820,948$1,134,745$650,371$2,888,372
83$5,261,978$1,139,640$621,452$3,097,146
84$5,746,396$1,143,178$589,966$3,325,881
85$6,278,577$1,145,243$555,778$3,576,626
86$6,863,340$1,145,708$518,746$3,851,641
87$7,505,997$1,144,444$478,720$4,153,421
88$8,212,396$1,141,309$435,544$4,484,716
89$8,988,983$1,136,156$389,057$4,848,561
90$9,842,858$1,128,826$339,089$5,248,306
91$10,781,843$1,119,152$285,463$5,687,641
92$11,814,558$1,106,958$227,993$6,170,642
93$12,950,498$1,092,054$166,486$6,701,803
94$14,200,127$1,074,242$100,740$7,286,078
95$15,574,970$1,053,310$30,546$7,928,935
96$17,087,730$1,029,036$0$8,636,403
97$18,752,402$1,001,181$0$9,426,018
98$20,584,404$969,496$0$10,302,935
99$22,600,726$933,715$0$11,267,793
100$24,820,090$893,557$0$12,329,574