Can I retire at age 61 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$65,403$64,820$64,252$63,697$63,155$62,032
2 years$32,378$31,775$31,190$30,624$30,074$28,947
3 years$21,371$20,765$20,182$19,621$19,080$17,983
4 years$15,868$15,264$14,687$14,136$13,608$12,550
5 years$12,568$11,968$11,398$10,858$10,345$9,329
6 years$10,368$9,772$9,211$8,683$8,185$7,213
7 years$8,797$8,207$7,655$7,139$6,657$5,728
8 years$7,620$7,035$6,492$5,988$5,523$4,637
9 years$6,705$6,125$5,591$5,101$4,651$3,807
10 years$5,973$5,399$4,875$4,397$3,963$3,161
11 years$5,375$4,806$4,292$3,827$3,408$2,648
12 years$4,876$4,314$3,809$3,357$2,953$2,233
13 years$4,455$3,899$3,403$2,963$2,575$1,894
14 years$4,094$3,544$3,057$2,630$2,258$1,614
15 years$3,782$3,237$2,760$2,346$1,988$1,381
16 years$3,509$2,970$2,503$2,101$1,757$1,185
17 years$3,268$2,735$2,277$1,887$1,558$1,020
18 years$3,054$2,528$2,079$1,701$1,385$879
19 years$2,863$2,343$1,903$1,537$1,234$760
20 years$2,692$2,177$1,747$1,392$1,103$658
21 years$2,537$2,028$1,607$1,263$987$570
22 years$2,396$1,893$1,481$1,149$884$495
23 years$2,267$1,770$1,367$1,046$794$430
24 years$2,150$1,659$1,264$954$714$374
25 years$2,042$1,556$1,171$871$642$325
26 years$1,942$1,463$1,086$797$578$283
27 years$1,850$1,377$1,009$729$522$247
28 years$1,765$1,297$938$668$471$215
29 years$1,686$1,224$873$613$425$188
30 years$1,612$1,156$813$562$384$164
31 years$1,543$1,093$758$516$347$143
32 years$1,479$1,034$707$475$314$125
33 years$1,418$979$660$436$284$109
34 years$1,362$928$617$402$257$95
35 years$1,308$880$577$370$233$83
36 years$1,258$835$539$340$211$73
37 years$1,210$793$505$314$191$64
38 years$1,166$754$473$289$173$56
39 years$1,123$717$443$267$157$49
40 years$1,083$682$415$246$143$42
41 years$1,045$649$389$227$129$37
42 years$1,008$618$365$209$117$32
43 years$974$589$343$193$107$28
44 years$941$562$322$178$97$25
45 years$910$536$302$165$88$22
46 years$880$511$284$152$80$19
47 years$851$488$266$141$72$17
48 years$824$465$250$130$66$15
49 years$798$444$235$120$60$13
50 years$773$425$221$111$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $792,000, adding $3,073 every year, while hoping to spend $30,591 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: 80/14/6 Blend
60$792,000$792,000$792,000$792,000
61$875,954$833,978$821,702$945,386
62$932,753$842,294$816,680$999,601
63$994,319$849,993$810,465$1,054,716
64$1,061,109$857,011$802,984$1,114,260
65$1,133,619$863,282$794,162$1,178,658
66$1,212,401$868,735$783,919$1,248,379
67$1,298,057$873,295$772,172$1,323,941
68$1,391,254$876,881$758,834$1,405,910
69$1,492,721$879,408$743,814$1,494,915
70$1,603,264$880,784$727,018$1,591,646
71$1,723,769$880,914$708,344$1,696,863
72$1,855,209$879,695$687,690$1,811,404
73$1,998,659$877,018$664,946$1,936,192
74$2,155,298$872,768$639,998$2,072,244
75$2,326,427$866,822$612,726$2,220,682
76$2,513,476$859,051$583,006$2,382,739
77$2,718,022$849,315$550,708$2,559,777
78$2,941,799$837,470$515,696$2,753,296
79$3,186,717$823,361$477,826$2,964,948
80$3,454,880$806,823$436,951$3,196,554
81$3,748,604$787,683$392,914$3,450,121
82$4,070,439$765,757$345,555$3,727,861
83$4,423,195$740,851$294,702$4,032,212
84$4,809,965$712,757$240,179$4,365,860
85$5,234,157$681,258$181,801$4,731,766
86$5,699,525$646,123$119,375$5,133,192
87$6,210,202$607,109$52,699$5,573,736
88$6,770,742$563,956$0$6,057,361
89$7,386,161$516,393$0$6,589,617
90$8,061,983$464,131$0$7,177,814
91$8,804,296$406,864$0$7,823,897
92$9,619,805$344,271$0$8,533,728
93$10,515,896$276,011$0$9,313,772
94$11,500,707$201,725$0$10,171,147
95$12,583,202$121,032$0$11,113,703
96$13,773,259$33,533$0$12,150,088
97$15,081,758$0$0$13,289,833
98$16,520,689$0$0$14,552,869
99$18,103,259$0$0$15,947,692
100$19,844,021$0$0$17,481,966