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%13.4%
1 years$65,403$64,820$64,252$63,697$63,155$62,263
2 years$32,378$31,775$31,190$30,624$30,074$29,177
3 years$21,371$20,765$20,182$19,621$19,080$18,206
4 years$15,868$15,264$14,687$14,136$13,608$12,763
5 years$12,568$11,968$11,398$10,858$10,345$9,532
6 years$10,368$9,772$9,211$8,683$8,185$7,406
7 years$8,797$8,207$7,655$7,139$6,657$5,911
8 years$7,620$7,035$6,492$5,988$5,523$4,810
9 years$6,705$6,125$5,591$5,101$4,651$3,971
10 years$5,973$5,399$4,875$4,397$3,963$3,315
11 years$5,375$4,806$4,292$3,827$3,408$2,792
12 years$4,876$4,314$3,809$3,357$2,953$2,369
13 years$4,455$3,899$3,403$2,963$2,575$2,021
14 years$4,094$3,544$3,057$2,630$2,258$1,733
15 years$3,782$3,237$2,760$2,346$1,988$1,491
16 years$3,509$2,970$2,503$2,101$1,757$1,288
17 years$3,268$2,735$2,277$1,887$1,558$1,115
18 years$3,054$2,528$2,079$1,701$1,385$968
19 years$2,863$2,343$1,903$1,537$1,234$842
20 years$2,692$2,177$1,747$1,392$1,103$734
21 years$2,537$2,028$1,607$1,263$987$641
22 years$2,396$1,893$1,481$1,149$884$560
23 years$2,267$1,770$1,367$1,046$794$490
24 years$2,150$1,659$1,264$954$714$429
25 years$2,042$1,556$1,171$871$642$376
26 years$1,942$1,463$1,086$797$578$330
27 years$1,850$1,377$1,009$729$522$289
28 years$1,765$1,297$938$668$471$254
29 years$1,686$1,224$873$613$425$223
30 years$1,612$1,156$813$562$384$196
31 years$1,543$1,093$758$516$347$173
32 years$1,479$1,034$707$475$314$152
33 years$1,418$979$660$436$284$134
34 years$1,362$928$617$402$257$118
35 years$1,308$880$577$370$233$104
36 years$1,258$835$539$340$211$91
37 years$1,210$793$505$314$191$80
38 years$1,166$754$473$289$173$71
39 years$1,123$717$443$267$157$62
40 years$1,083$682$415$246$143$55
41 years$1,045$649$389$227$129$48
42 years$1,008$618$365$209$117$43
43 years$974$589$343$193$107$38
44 years$941$562$322$178$97$33
45 years$910$536$302$165$88$29
46 years$880$511$284$152$80$26
47 years$851$488$266$141$72$23
48 years$824$465$250$130$66$20
49 years$798$444$235$120$60$18
50 years$773$425$221$111$54$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $792,000, adding $3,234 every year, while hoping to spend $41,801 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: 69/22/9 Blend
60$792,000$792,000$792,000$792,000
61$876,120$834,144$821,868$934,853
62$921,008$830,541$804,925$970,602
63$969,074$825,361$786,013$1,004,314
64$1,020,598$818,481$765,022$1,040,073
65$1,075,886$809,774$741,837$1,078,073
66$1,135,276$799,103$716,339$1,118,526
67$1,199,138$786,322$688,400$1,161,671
68$1,267,877$771,280$657,889$1,207,768
69$1,341,941$753,813$624,668$1,257,105
70$1,421,818$733,749$588,594$1,310,003
71$1,508,048$710,907$549,516$1,366,815
72$1,601,221$685,093$507,277$1,427,931
73$1,701,987$656,104$461,712$1,493,784
74$1,811,060$623,724$412,650$1,564,851
75$1,929,226$587,724$359,912$1,641,660
76$2,057,349$547,864$303,310$1,724,795
77$2,196,377$503,889$242,650$1,814,900
78$2,347,356$455,527$177,727$1,912,689
79$2,511,433$402,495$108,327$2,018,950
80$2,689,872$344,490$34,229$2,134,553
81$2,884,064$281,195$0$2,260,460
82$3,095,537$212,272$0$2,402,042
83$3,325,976$137,368$0$2,559,953
84$3,577,233$56,106$0$2,732,226
85$3,851,346$0$0$2,920,320
86$4,150,559$0$0$3,133,568
87$4,477,343$0$0$3,381,341
88$4,834,417$0$0$3,652,124
89$5,224,774$0$0$3,948,192
90$5,651,712$0$0$4,272,051
91$6,118,858$0$0$4,626,460
92$6,630,209$0$0$5,014,456
93$7,190,166$0$0$5,439,385
94$7,803,574$0$0$5,904,930
95$8,475,770$0$0$6,415,149
96$9,212,631$0$0$6,974,509
97$10,020,631$0$0$7,587,932
98$10,906,899$0$0$8,260,839
99$11,879,287$0$0$8,999,198
100$12,946,445$0$0$9,809,586