Can I retire at age 61 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$68,128$67,521$66,929$66,351$65,787$64,670
2 years$33,727$33,098$32,490$31,899$31,327$30,206
3 years$22,261$21,630$21,023$20,438$19,875$18,784
4 years$16,529$15,900$15,299$14,725$14,175$13,122
5 years$13,091$12,466$11,873$11,310$10,776$9,764
6 years$10,800$10,180$9,595$9,045$8,526$7,557
7 years$9,164$8,549$7,974$7,436$6,934$6,008
8 years$7,938$7,328$6,762$6,238$5,753$4,869
9 years$6,984$6,380$5,824$5,313$4,845$4,003
10 years$6,222$5,624$5,078$4,580$4,128$3,328
11 years$5,599$5,007$4,470$3,986$3,550$2,791
12 years$5,080$4,494$3,967$3,496$3,076$2,357
13 years$4,641$4,061$3,545$3,087$2,683$2,002
14 years$4,265$3,691$3,185$2,740$2,352$1,708
15 years$3,940$3,372$2,875$2,444$2,071$1,463
16 years$3,655$3,094$2,607$2,188$1,830$1,257
17 years$3,404$2,849$2,372$1,966$1,623$1,084
18 years$3,182$2,633$2,166$1,772$1,443$936
19 years$2,983$2,440$1,982$1,601$1,286$810
20 years$2,804$2,267$1,819$1,450$1,149$702
21 years$2,642$2,112$1,674$1,316$1,028$610
22 years$2,496$1,972$1,542$1,196$921$530
23 years$2,362$1,844$1,424$1,090$827$461
24 years$2,239$1,728$1,317$994$743$402
25 years$2,127$1,621$1,220$908$669$350
26 years$2,023$1,524$1,131$830$603$305
27 years$1,928$1,434$1,051$760$543$267
28 years$1,839$1,351$977$696$490$233
29 years$1,756$1,275$909$638$443$203
30 years$1,679$1,204$847$586$400$178
31 years$1,608$1,138$789$538$362$155
32 years$1,540$1,077$736$494$327$136
33 years$1,477$1,020$688$455$296$119
34 years$1,418$967$642$418$268$104
35 years$1,363$917$601$385$243$91
36 years$1,310$870$562$355$220$80
37 years$1,261$826$526$327$199$70
38 years$1,214$785$492$301$181$61
39 years$1,170$747$461$278$164$53
40 years$1,128$711$432$256$149$47
41 years$1,088$676$406$236$135$41
42 years$1,050$644$380$218$122$36
43 years$1,014$614$357$201$111$31
44 years$980$585$335$186$101$28
45 years$948$558$315$172$92$24
46 years$917$532$295$159$83$21
47 years$887$508$278$147$75$19
48 years$859$485$261$135$69$16
49 years$831$463$245$125$62$14
50 years$805$442$231$116$57$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $825,000, adding $4,401 every year, while hoping to spend $59,447 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: 64/15/21 Blend
60$825,000$825,000$825,000$825,000
61$913,690$869,965$857,177$966,972
62$943,635$849,342$822,641$982,752
63$974,642$825,716$784,956$992,883
64$1,006,757$798,877$743,954$1,002,574
65$1,040,027$768,604$699,457$1,011,787
66$1,074,505$734,660$651,284$1,020,481
67$1,110,243$696,797$599,241$1,028,614
68$1,147,301$654,753$543,128$1,036,141
69$1,185,738$608,248$482,736$1,043,016
70$1,225,620$556,990$417,844$1,049,192
71$1,267,017$500,666$348,226$1,054,620
72$1,310,003$438,948$273,641$1,059,248
73$1,354,656$371,489$193,841$1,063,023
74$1,401,061$297,923$108,565$1,065,891
75$1,449,309$217,860$17,541$1,067,797
76$1,499,496$130,893$0$1,068,682
77$1,551,726$36,589$0$1,086,323
78$1,606,112$0$0$1,108,179
79$1,662,772$0$0$1,141,137
80$1,721,836$0$0$1,181,799
81$1,783,443$0$0$1,224,222
82$1,847,742$0$0$1,268,513
83$1,914,894$0$0$1,314,782
84$1,985,075$0$0$1,363,153
85$2,058,472$0$0$1,413,756
86$2,135,289$0$0$1,466,736
87$2,215,748$0$0$1,522,246
88$2,300,088$0$0$1,580,454
89$2,388,567$0$0$1,641,541
90$2,481,468$0$0$1,705,706
91$2,579,098$0$0$1,773,163
92$2,681,787$0$0$1,844,144
93$2,789,900$0$0$1,918,905
94$2,903,828$0$0$1,997,721
95$3,024,002$0$0$2,080,893
96$3,150,890$0$0$2,168,750
97$3,285,000$0$0$2,261,650
98$3,426,891$0$0$2,359,984
99$3,577,169$0$0$2,464,179
100$3,736,499$0$0$2,574,701