Can I retire at age 61 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$68,788$68,176$67,578$66,994$66,425$65,378
2 years$34,054$33,419$32,805$32,209$31,631$30,579
3 years$22,477$21,840$21,227$20,637$20,068$19,044
4 years$16,690$16,055$15,448$14,867$14,313$13,324
5 years$13,218$12,587$11,988$11,420$10,880$9,930
6 years$10,905$10,278$9,688$9,132$8,609$7,698
7 years$9,253$8,632$8,051$7,508$7,002$6,130
8 years$8,015$7,399$6,828$6,298$5,808$4,977
9 years$7,052$6,442$5,881$5,365$4,892$4,099
10 years$6,282$5,678$5,127$4,625$4,168$3,414
11 years$5,653$5,055$4,514$4,025$3,584$2,868
12 years$5,129$4,537$4,006$3,530$3,106$2,427
13 years$4,686$4,100$3,579$3,117$2,709$2,065
14 years$4,306$3,727$3,216$2,767$2,374$1,766
15 years$3,978$3,405$2,903$2,467$2,091$1,516
16 years$3,691$3,124$2,632$2,209$1,848$1,305
17 years$3,437$2,877$2,395$1,985$1,638$1,127
18 years$3,213$2,658$2,187$1,789$1,457$976
19 years$3,012$2,464$2,002$1,616$1,298$846
20 years$2,831$2,289$1,837$1,464$1,160$735
21 years$2,668$2,133$1,690$1,329$1,038$640
22 years$2,520$1,991$1,557$1,208$930$557
23 years$2,385$1,862$1,438$1,100$835$486
24 years$2,261$1,744$1,330$1,003$751$424
25 years$2,148$1,637$1,232$916$675$371
26 years$2,043$1,539$1,142$838$608$324
27 years$1,946$1,448$1,061$767$549$284
28 years$1,857$1,364$986$703$495$248
29 years$1,773$1,287$918$644$447$218
30 years$1,696$1,216$855$591$404$191
31 years$1,623$1,149$797$543$365$167
32 years$1,555$1,087$744$499$330$146
33 years$1,492$1,030$694$459$299$128
34 years$1,432$976$649$422$271$113
35 years$1,376$926$606$389$245$99
36 years$1,323$879$567$358$222$87
37 years$1,273$834$531$330$201$76
38 years$1,226$793$497$304$182$67
39 years$1,181$754$466$280$165$59
40 years$1,139$717$437$259$150$52
41 years$1,099$683$409$239$136$45
42 years$1,061$650$384$220$124$40
43 years$1,024$620$360$203$112$35
44 years$990$591$338$188$102$31
45 years$957$563$318$173$92$27
46 years$925$537$298$160$84$24
47 years$895$513$280$148$76$21
48 years$867$490$263$137$69$18
49 years$839$467$248$126$63$16
50 years$813$447$233$117$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $833,000, adding $6,401 every year, while hoping to spend $37,658 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: 60/22/18 Blend
60$833,000$833,000$833,000$833,000
61$924,569$880,420$867,508$975,375
62$978,807$883,492$856,502$1,013,540
63$1,037,315$885,454$843,865$1,050,426
64$1,100,489$886,209$829,502$1,089,801
65$1,168,765$885,658$813,316$1,131,911
66$1,242,619$883,696$795,202$1,177,029
67$1,322,577$880,208$775,052$1,225,455
68$1,409,217$875,076$752,754$1,277,524
69$1,503,174$868,171$728,188$1,333,604
70$1,605,147$859,361$701,232$1,394,103
71$1,715,903$848,501$671,754$1,459,471
72$1,836,288$835,440$639,621$1,530,208
73$1,967,232$820,018$604,690$1,606,864
74$2,109,756$802,066$566,814$1,690,051
75$2,264,986$781,402$525,837$1,780,440
76$2,434,161$757,837$481,599$1,878,778
77$2,618,644$731,169$433,931$1,985,888
78$2,819,934$701,185$382,656$2,102,679
79$3,039,682$667,658$327,590$2,230,157
80$3,279,706$630,350$268,541$2,369,433
81$3,542,007$589,009$205,308$2,521,735
82$3,828,788$543,366$137,682$2,688,418
83$4,142,473$493,140$65,443$2,870,980
84$4,485,734$438,032$0$3,071,075
85$4,861,510$377,727$0$3,292,769
86$5,273,039$311,891$0$3,549,401
87$5,723,888$240,172$0$3,830,664
88$6,217,982$162,198$0$4,139,068
89$6,759,648$77,577$0$4,477,383
90$7,353,647$0$0$4,848,662
91$8,005,226$0$0$5,259,686
92$8,720,164$0$0$5,731,352
93$9,504,826$0$0$6,249,086
94$10,366,222$0$0$6,817,523
95$11,312,075$0$0$7,441,767
96$12,350,893$0$0$8,127,444
97$13,492,047$0$0$8,880,748
98$14,745,862$0$0$9,708,504
99$16,123,712$0$0$10,618,232
100$17,638,126$0$0$11,618,215