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%12.7%
1 years$65,403$64,820$64,252$63,697$63,155$62,444
2 years$32,378$31,775$31,190$30,624$30,074$29,358
3 years$21,371$20,765$20,182$19,621$19,080$18,381
4 years$15,868$15,264$14,687$14,136$13,608$12,932
5 years$12,568$11,968$11,398$10,858$10,345$9,694
6 years$10,368$9,772$9,211$8,683$8,185$7,560
7 years$8,797$8,207$7,655$7,139$6,657$6,057
8 years$7,620$7,035$6,492$5,988$5,523$4,949
9 years$6,705$6,125$5,591$5,101$4,651$4,103
10 years$5,973$5,399$4,875$4,397$3,963$3,440
11 years$5,375$4,806$4,292$3,827$3,408$2,910
12 years$4,876$4,314$3,809$3,357$2,953$2,479
13 years$4,455$3,899$3,403$2,963$2,575$2,125
14 years$4,094$3,544$3,057$2,630$2,258$1,830
15 years$3,782$3,237$2,760$2,346$1,988$1,583
16 years$3,509$2,970$2,503$2,101$1,757$1,374
17 years$3,268$2,735$2,277$1,887$1,558$1,196
18 years$3,054$2,528$2,079$1,701$1,385$1,043
19 years$2,863$2,343$1,903$1,537$1,234$912
20 years$2,692$2,177$1,747$1,392$1,103$799
21 years$2,537$2,028$1,607$1,263$987$701
22 years$2,396$1,893$1,481$1,149$884$616
23 years$2,267$1,770$1,367$1,046$794$542
24 years$2,150$1,659$1,264$954$714$477
25 years$2,042$1,556$1,171$871$642$420
26 years$1,942$1,463$1,086$797$578$371
27 years$1,850$1,377$1,009$729$522$327
28 years$1,765$1,297$938$668$471$289
29 years$1,686$1,224$873$613$425$255
30 years$1,612$1,156$813$562$384$226
31 years$1,543$1,093$758$516$347$200
32 years$1,479$1,034$707$475$314$177
33 years$1,418$979$660$436$284$156
34 years$1,362$928$617$402$257$138
35 years$1,308$880$577$370$233$123
36 years$1,258$835$539$340$211$109
37 years$1,210$793$505$314$191$96
38 years$1,166$754$473$289$173$85
39 years$1,123$717$443$267$157$76
40 years$1,083$682$415$246$143$67
41 years$1,045$649$389$227$129$59
42 years$1,008$618$365$209$117$53
43 years$974$589$343$193$107$47
44 years$941$562$322$178$97$41
45 years$910$536$302$165$88$37
46 years$880$511$284$152$80$33
47 years$851$488$266$141$72$29
48 years$824$465$250$130$66$26
49 years$798$444$235$120$60$23
50 years$773$425$221$111$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $792,000, adding $2,275 every year, while hoping to spend $36,787 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: 73/9/18 Blend
60$792,000$792,000$792,000$792,000
61$875,131$833,155$820,879$935,175
62$925,253$834,838$809,237$977,011
63$979,255$835,371$795,972$1,018,141
64$1,037,493$834,659$780,992$1,062,245
65$1,100,359$832,599$764,197$1,109,612
66$1,168,285$829,086$745,487$1,160,558
67$1,241,744$824,004$724,754$1,215,434
68$1,321,255$817,234$701,887$1,274,627
69$1,407,392$808,647$676,769$1,338,563
70$1,500,782$798,108$649,277$1,407,713
71$1,602,119$785,471$619,285$1,482,595
72$1,712,161$770,586$586,657$1,563,784
73$1,831,747$753,290$551,255$1,651,910
74$1,961,797$733,412$512,934$1,747,671
75$2,103,322$710,772$471,539$1,851,836
76$2,257,438$685,176$426,913$1,965,254
77$2,425,370$656,424$378,888$2,088,862
78$2,608,468$624,299$327,291$2,223,693
79$2,808,217$588,575$271,941$2,370,885
80$3,026,252$549,012$212,647$2,531,697
81$3,264,371$505,355$149,212$2,707,515
82$3,524,556$457,336$81,430$2,899,869
83$3,808,988$404,672$9,085$3,110,447
84$4,120,066$347,063$0$3,341,110
85$4,460,435$284,191$0$3,606,994
86$4,833,006$215,723$0$3,899,994
87$5,240,983$141,304$0$4,220,907
88$5,687,897$60,562$0$4,572,538
89$6,177,635$0$0$4,957,976
90$6,714,477$0$0$5,383,289
91$7,303,139$0$0$5,856,270
92$7,948,814$0$0$6,375,097
93$8,657,222$0$0$6,944,371
94$9,434,662$0$0$7,569,160
95$10,288,076$0$0$8,255,047
96$11,225,106$0$0$9,008,179
97$12,254,174$0$0$9,835,331
98$13,384,556$0$0$10,743,965
99$14,626,472$0$0$11,742,300
100$15,991,179$0$0$12,839,393