Can I retire at age 61 with 791,000?

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 $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%20%
1 years$65,320$64,738$64,171$63,616$63,075$60,549
2 years$32,337$31,734$31,151$30,585$30,036$27,522
3 years$21,344$20,739$20,157$19,596$19,056$16,634
4 years$15,848$15,245$14,669$14,118$13,591$11,280
5 years$12,552$11,952$11,384$10,844$10,332$8,137
6 years$10,355$9,760$9,200$8,672$8,175$6,098
7 years$8,786$8,196$7,645$7,130$6,648$4,688
8 years$7,610$7,026$6,484$5,981$5,516$3,670
9 years$6,696$6,117$5,584$5,094$4,645$2,911
10 years$5,965$5,392$4,868$4,391$3,958$2,333
11 years$5,368$4,800$4,286$3,822$3,404$1,883
12 years$4,870$4,308$3,804$3,352$2,950$1,530
13 years$4,449$3,894$3,398$2,960$2,572$1,249
14 years$4,089$3,539$3,054$2,627$2,255$1,023
15 years$3,777$3,233$2,757$2,343$1,985$841
16 years$3,504$2,966$2,500$2,098$1,755$692
17 years$3,264$2,732$2,275$1,885$1,556$572
18 years$3,051$2,524$2,076$1,699$1,383$473
19 years$2,860$2,340$1,901$1,535$1,233$391
20 years$2,688$2,174$1,744$1,390$1,101$324
21 years$2,533$2,025$1,605$1,262$986$269
22 years$2,393$1,890$1,479$1,147$883$223
23 years$2,265$1,768$1,365$1,045$793$186
24 years$2,147$1,656$1,263$953$713$154
25 years$2,039$1,554$1,170$870$641$128
26 years$1,940$1,461$1,085$796$578$107
27 years$1,848$1,375$1,007$728$521$89
28 years$1,763$1,296$936$667$470$74
29 years$1,684$1,222$871$612$424$62
30 years$1,610$1,154$812$562$383$51
31 years$1,541$1,091$757$516$347$43
32 years$1,477$1,032$706$474$314$36
33 years$1,417$978$659$436$284$30
34 years$1,360$927$616$401$257$25
35 years$1,307$879$576$369$233$21
36 years$1,256$834$539$340$211$17
37 years$1,209$792$504$313$191$14
38 years$1,164$753$472$289$173$12
39 years$1,122$716$442$266$157$10
40 years$1,081$681$415$246$143$8
41 years$1,043$649$389$227$129$7
42 years$1,007$618$365$209$117$6
43 years$973$588$342$193$106$5
44 years$940$561$321$178$97$4
45 years$909$535$302$165$88$3
46 years$879$510$283$152$80$3
47 years$850$487$266$140$72$2
48 years$823$465$250$130$66$2
49 years$797$444$235$120$60$2
50 years$772$424$221$111$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $791,000, adding $6,367 every year, while hoping to spend $24,730 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: 34/43/23 Blend
60$791,000$791,000$791,000$791,000
61$878,250$836,327$824,066$901,772
62$941,518$850,994$825,360$934,488
63$1,010,412$865,551$825,868$967,041
64$1,085,478$879,967$825,538$1,001,645
65$1,167,318$894,207$824,315$1,038,497
66$1,256,597$908,236$822,142$1,077,817
67$1,354,043$922,013$818,958$1,119,845
68$1,460,462$935,497$814,699$1,164,850
69$1,576,737$948,644$809,299$1,213,126
70$1,703,841$961,406$802,688$1,264,999
71$1,842,849$973,730$794,794$1,320,833
72$1,994,939$985,563$785,539$1,381,025
73$2,161,412$996,845$774,844$1,446,018
74$2,343,700$1,007,514$762,625$1,516,299
75$2,543,379$1,017,503$748,794$1,592,409
76$2,762,184$1,026,742$733,260$1,674,945
77$3,002,028$1,035,153$715,925$1,764,564
78$3,265,017$1,042,657$696,690$1,861,997
79$3,553,468$1,049,168$675,449$1,968,048
80$3,869,938$1,054,593$652,092$2,083,607
81$4,217,239$1,058,835$626,505$2,209,657
82$4,598,470$1,061,791$598,566$2,347,284
83$5,017,046$1,063,351$568,150$2,497,687
84$5,476,727$1,063,397$535,125$2,662,192
85$5,981,656$1,061,806$499,354$2,842,262
86$6,536,396$1,058,445$460,693$3,039,514
87$7,145,974$1,053,175$418,993$3,255,732
88$7,815,930$1,045,847$374,096$3,492,887
89$8,552,365$1,036,304$325,838$3,753,156
90$9,362,001$1,024,378$274,048$4,038,942
91$10,252,246$1,009,892$218,549$4,352,898
92$11,231,257$992,660$159,153$4,697,951
93$12,308,026$972,481$95,666$5,077,335
94$13,492,458$949,146$27,883$5,494,618
95$14,795,466$922,431$0$5,953,737
96$16,229,074$892,100$0$6,469,948
97$17,806,531$857,905$0$7,045,150
98$19,542,434$819,579$0$7,677,844
99$21,452,868$776,844$0$8,373,928
100$23,555,555$729,404$0$9,139,909