Can I retire at age 61 with 791,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$65,320$64,738$64,171$63,616$63,075$61,701
2 years$32,337$31,734$31,151$30,585$30,036$28,658
3 years$21,344$20,739$20,157$19,596$19,056$17,718
4 years$15,848$15,245$14,669$14,118$13,591$12,303
5 years$12,552$11,952$11,384$10,844$10,332$9,097
6 years$10,355$9,760$9,200$8,672$8,175$6,995
7 years$8,786$8,196$7,645$7,130$6,648$5,524
8 years$7,610$7,026$6,484$5,981$5,516$4,446
9 years$6,696$6,117$5,584$5,094$4,645$3,629
10 years$5,965$5,392$4,868$4,391$3,958$2,995
11 years$5,368$4,800$4,286$3,822$3,404$2,492
12 years$4,870$4,308$3,804$3,352$2,950$2,088
13 years$4,449$3,894$3,398$2,960$2,572$1,760
14 years$4,089$3,539$3,054$2,627$2,255$1,489
15 years$3,777$3,233$2,757$2,343$1,985$1,265
16 years$3,504$2,966$2,500$2,098$1,755$1,078
17 years$3,264$2,732$2,275$1,885$1,556$921
18 years$3,051$2,524$2,076$1,699$1,383$789
19 years$2,860$2,340$1,901$1,535$1,233$677
20 years$2,688$2,174$1,744$1,390$1,101$581
21 years$2,533$2,025$1,605$1,262$986$500
22 years$2,393$1,890$1,479$1,147$883$431
23 years$2,265$1,768$1,365$1,045$793$371
24 years$2,147$1,656$1,263$953$713$320
25 years$2,039$1,554$1,170$870$641$277
26 years$1,940$1,461$1,085$796$578$239
27 years$1,848$1,375$1,007$728$521$207
28 years$1,763$1,296$936$667$470$179
29 years$1,684$1,222$871$612$424$155
30 years$1,610$1,154$812$562$383$134
31 years$1,541$1,091$757$516$347$116
32 years$1,477$1,032$706$474$314$100
33 years$1,417$978$659$436$284$87
34 years$1,360$927$616$401$257$75
35 years$1,307$879$576$369$233$65
36 years$1,256$834$539$340$211$56
37 years$1,209$792$504$313$191$49
38 years$1,164$753$472$289$173$42
39 years$1,122$716$442$266$157$37
40 years$1,081$681$415$246$143$32
41 years$1,043$649$389$227$129$28
42 years$1,007$618$365$209$117$24
43 years$973$588$342$193$106$21
44 years$940$561$321$178$97$18
45 years$909$535$302$165$88$16
46 years$879$510$283$152$80$14
47 years$850$487$266$140$72$12
48 years$823$465$250$130$66$10
49 years$797$444$235$120$60$9
50 years$772$424$221$111$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $791,000, adding $3,698 every year, while hoping to spend $42,594 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: 63/14/23 Blend
60$791,000$791,000$791,000$791,000
61$875,496$833,573$821,313$925,170
62$919,477$829,099$803,507$954,688
63$966,517$822,977$783,678$981,845
64$1,016,882$815,084$761,711$1,010,547
65$1,070,865$805,284$737,490$1,040,948
66$1,128,788$793,437$710,890$1,073,223
67$1,191,003$779,394$681,783$1,107,562
68$1,257,896$762,996$650,034$1,144,180
69$1,329,893$744,075$615,502$1,183,313
70$1,407,461$722,452$578,040$1,225,224
71$1,491,110$697,941$537,492$1,270,205
72$1,581,405$670,341$493,700$1,318,579
73$1,678,963$639,443$446,493$1,370,704
74$1,784,463$605,022$395,698$1,426,977
75$1,898,654$566,844$341,129$1,487,841
76$2,022,356$524,658$282,596$1,553,781
77$2,156,471$478,201$219,898$1,625,340
78$2,301,994$427,195$152,826$1,703,115
79$2,460,014$371,345$81,163$1,787,770
80$2,631,734$310,340$4,681$1,880,040
81$2,818,475$243,850$0$1,980,736
82$3,021,689$171,529$0$2,109,640
83$3,242,977$93,010$0$2,251,318
84$3,484,099$7,905$0$2,405,786
85$3,746,990$0$0$2,574,326
86$4,033,783$0$0$2,771,327
87$4,346,824$0$0$2,987,740
88$4,688,695$0$0$3,224,139
89$5,062,240$0$0$3,482,499
90$5,470,588$0$0$3,764,990
91$5,917,185$0$0$4,074,005
92$6,405,827$0$0$4,412,176
93$6,940,690$0$0$4,782,403
94$7,526,375$0$0$5,187,880
95$8,167,949$0$0$5,632,121
96$8,870,990$0$0$6,119,000
97$9,641,645$0$0$6,652,782
98$10,486,679$0$0$7,238,163
99$11,413,546$0$0$7,880,317
100$12,430,457$0$0$8,584,942