Can I retire at age 61 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$68,210$67,603$67,010$66,431$65,866$64,802
2 years$33,767$33,139$32,529$31,938$31,365$30,295
3 years$22,288$21,656$21,048$20,463$19,899$18,858
4 years$16,549$15,920$15,318$14,743$14,192$13,187
5 years$13,107$12,481$11,887$11,324$10,789$9,823
6 years$10,813$10,192$9,607$9,056$8,537$7,611
7 years$9,175$8,559$7,983$7,445$6,943$6,058
8 years$7,947$7,337$6,770$6,246$5,760$4,915
9 years$6,993$6,388$5,831$5,320$4,850$4,046
10 years$6,229$5,631$5,084$4,586$4,133$3,367
11 years$5,605$5,013$4,476$3,991$3,554$2,828
12 years$5,086$4,499$3,972$3,501$3,080$2,391
13 years$4,646$4,066$3,549$3,091$2,686$2,033
14 years$4,270$3,696$3,189$2,743$2,354$1,737
15 years$3,944$3,376$2,879$2,447$2,073$1,490
16 years$3,659$3,098$2,610$2,191$1,832$1,282
17 years$3,408$2,853$2,375$1,968$1,625$1,107
18 years$3,186$2,636$2,168$1,774$1,444$957
19 years$2,986$2,443$1,985$1,603$1,287$830
20 years$2,807$2,270$1,822$1,452$1,150$720
21 years$2,646$2,115$1,676$1,317$1,029$626
22 years$2,499$1,974$1,544$1,198$922$545
23 years$2,365$1,846$1,426$1,091$828$475
24 years$2,242$1,730$1,319$995$744$415
25 years$2,130$1,623$1,221$909$670$362
26 years$2,026$1,526$1,133$831$603$316
27 years$1,930$1,436$1,052$761$544$276
28 years$1,841$1,353$978$697$491$242
29 years$1,758$1,276$910$639$443$212
30 years$1,681$1,205$848$586$400$185
31 years$1,610$1,139$790$539$362$162
32 years$1,542$1,078$737$495$327$142
33 years$1,479$1,021$688$455$296$125
34 years$1,420$968$643$419$268$109
35 years$1,364$918$601$386$243$96
36 years$1,312$871$563$355$220$84
37 years$1,262$827$527$327$200$74
38 years$1,216$786$493$302$181$65
39 years$1,171$748$462$278$164$57
40 years$1,129$711$433$256$149$50
41 years$1,089$677$406$237$135$44
42 years$1,052$645$381$218$123$38
43 years$1,016$615$357$202$111$34
44 years$981$586$335$186$101$29
45 years$949$559$315$172$92$26
46 years$918$533$296$159$83$23
47 years$888$508$278$147$76$20
48 years$860$485$261$136$69$17
49 years$832$464$245$125$62$15
50 years$806$443$231$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $826,000, adding $2,154 every year, while hoping to spend $21,075 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: 33/44/23 Blend
60$826,000$826,000$826,000$826,000
61$912,474$868,696$855,893$936,096
62$983,123$888,838$862,142$974,121
63$1,060,271$909,261$867,893$1,013,015
64$1,144,560$929,957$873,109$1,054,505
65$1,236,695$950,914$877,748$1,098,834
66$1,337,453$972,124$881,768$1,146,269
67$1,447,688$993,573$885,122$1,197,105
68$1,568,342$1,015,248$887,764$1,251,667
69$1,700,453$1,037,135$889,643$1,310,312
70$1,845,161$1,059,216$890,708$1,373,437
71$2,003,723$1,081,474$890,903$1,441,477
72$2,177,526$1,103,889$890,171$1,514,912
73$2,368,093$1,126,439$888,451$1,594,274
74$2,577,105$1,149,101$885,681$1,680,147
75$2,806,411$1,171,848$881,792$1,773,176
76$3,058,049$1,194,653$876,716$1,874,072
77$3,334,263$1,217,485$870,380$1,983,621
78$3,637,527$1,240,310$862,707$2,102,688
79$3,970,564$1,263,094$853,616$2,232,228
80$4,336,373$1,285,798$843,024$2,373,295
81$4,738,261$1,308,380$830,843$2,527,051
82$5,179,868$1,330,795$816,981$2,694,777
83$5,665,206$1,352,995$801,341$2,877,886
84$6,198,693$1,374,927$783,822$3,077,938
85$6,785,198$1,396,538$764,318$3,296,653
86$7,430,085$1,417,765$742,720$3,535,927
87$8,139,264$1,438,546$718,912$3,797,853
88$8,919,246$1,458,811$692,772$4,084,738
89$9,777,204$1,478,488$664,174$4,399,126
90$10,721,041$1,497,496$632,987$4,743,825
91$11,759,467$1,515,753$599,071$5,121,929
92$12,902,076$1,533,168$562,283$5,536,853
93$14,159,439$1,549,645$522,472$5,992,361
94$15,543,207$1,565,083$479,480$6,492,604
95$17,066,213$1,579,371$433,141$7,042,160
96$18,742,600$1,592,394$383,285$7,646,078
97$20,587,952$1,604,027$329,731$8,309,926
98$22,619,437$1,614,139$272,292$9,039,841
99$24,855,977$1,622,589$210,771$9,842,593
100$27,318,419$1,629,228$144,963$10,725,646