Can I retire at age 61 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$65,485$64,902$64,333$63,777$63,235$62,187
2 years$32,418$31,815$31,230$30,662$30,112$29,060
3 years$21,398$20,791$20,208$19,646$19,104$18,080
4 years$15,888$15,284$14,706$14,154$13,625$12,637
5 years$12,584$11,983$11,412$10,871$10,358$9,408
6 years$10,381$9,785$9,223$8,694$8,196$7,286
7 years$8,809$8,217$7,664$7,148$6,665$5,795
8 years$7,630$7,044$6,500$5,996$5,530$4,699
9 years$6,713$6,133$5,598$5,107$4,657$3,866
10 years$5,981$5,406$4,881$4,403$3,968$3,216
11 years$5,381$4,812$4,297$3,832$3,412$2,699
12 years$4,883$4,319$3,813$3,361$2,957$2,280
13 years$4,461$3,903$3,407$2,967$2,579$1,938
14 years$4,100$3,548$3,061$2,634$2,260$1,655
15 years$3,787$3,241$2,764$2,349$1,990$1,418
16 years$3,513$2,974$2,506$2,103$1,759$1,220
17 years$3,272$2,739$2,280$1,890$1,560$1,052
18 years$3,058$2,531$2,082$1,703$1,387$909
19 years$2,867$2,345$1,906$1,539$1,236$787
20 years$2,695$2,180$1,749$1,394$1,104$683
21 years$2,540$2,030$1,609$1,265$988$594
22 years$2,399$1,895$1,483$1,150$886$516
23 years$2,270$1,772$1,369$1,047$795$450
24 years$2,153$1,661$1,266$955$715$392
25 years$2,044$1,558$1,173$872$643$342
26 years$1,945$1,465$1,088$798$579$299
27 years$1,853$1,378$1,010$730$522$261
28 years$1,767$1,299$939$669$471$228
29 years$1,688$1,225$874$613$425$199
30 years$1,614$1,157$814$563$384$174
31 years$1,545$1,094$759$517$348$153
32 years$1,481$1,035$708$475$314$134
33 years$1,420$980$661$437$285$117
34 years$1,363$929$617$402$258$102
35 years$1,310$881$577$370$233$90
36 years$1,259$836$540$341$211$79
37 years$1,212$794$505$314$192$69
38 years$1,167$755$473$289$174$60
39 years$1,124$718$443$267$158$53
40 years$1,084$683$416$246$143$46
41 years$1,046$650$390$227$130$41
42 years$1,010$619$366$210$118$36
43 years$975$590$343$194$107$31
44 years$942$562$322$179$97$27
45 years$911$536$302$165$88$24
46 years$881$512$284$152$80$21
47 years$852$488$267$141$73$18
48 years$825$466$251$130$66$16
49 years$799$445$236$120$60$14
50 years$774$425$222$111$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $793,000, adding $2,905 every year, while hoping to spend $33,277 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: 51/36/13 Blend
60$793,000$793,000$793,000$793,000
61$876,883$834,854$822,562$918,393
62$930,918$840,355$814,711$952,627
63$989,350$845,010$805,482$986,068
64$1,052,591$848,744$794,794$1,021,670
65$1,121,097$851,473$782,561$1,059,646
66$1,195,366$853,113$768,693$1,100,233
67$1,275,948$853,570$753,099$1,143,693
68$1,363,446$852,747$735,680$1,190,314
69$1,458,526$850,540$716,334$1,240,418
70$1,561,919$846,839$694,954$1,294,359
71$1,674,428$841,528$671,429$1,352,531
72$1,796,939$834,482$645,641$1,415,368
73$1,930,425$825,570$617,468$1,483,352
74$2,075,958$814,652$586,783$1,557,015
75$2,234,717$801,582$553,451$1,636,946
76$2,408,001$786,201$517,334$1,723,797
77$2,597,237$768,346$478,285$1,818,290
78$2,804,000$747,839$436,152$1,921,222
79$3,030,021$724,496$390,776$2,033,474
80$3,277,206$698,119$341,990$2,156,021
81$3,547,655$668,501$289,621$2,289,942
82$3,843,679$635,421$233,486$2,436,428
83$4,167,824$598,646$173,398$2,596,796
84$4,522,892$557,930$109,157$2,772,503
85$4,911,971$513,013$40,558$2,965,157
86$5,338,460$463,618$0$3,176,536
87$5,806,103$409,455$0$3,413,134
88$6,319,024$350,217$0$3,678,888
89$6,881,764$285,578$0$3,970,599
90$7,499,328$215,195$0$4,290,947
91$8,177,225$138,705$0$4,642,893
92$8,921,526$55,726$0$5,029,703
93$9,738,918$0$0$5,454,983
94$10,636,767$0$0$5,936,239
95$11,623,187$0$0$6,489,310
96$12,707,119$0$0$7,097,141
97$13,898,410$0$0$7,765,269
98$15,207,911$0$0$8,499,788
99$16,647,574$0$0$9,307,416
100$18,230,569$0$0$10,195,552