Can I retire at age 61 with 793,000?

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 $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%17.4%
1 years$65,485$64,902$64,333$63,777$63,235$61,334
2 years$32,418$31,815$31,230$30,662$30,112$28,212
3 years$21,398$20,791$20,208$19,646$19,104$17,266
4 years$15,888$15,284$14,706$14,154$13,625$11,863
5 years$12,584$11,983$11,412$10,871$10,358$8,675
6 years$10,381$9,785$9,223$8,694$8,196$6,595
7 years$8,809$8,217$7,664$7,148$6,665$5,146
8 years$7,630$7,044$6,500$5,996$5,530$4,091
9 years$6,713$6,133$5,598$5,107$4,657$3,297
10 years$5,981$5,406$4,881$4,403$3,968$2,686
11 years$5,381$4,812$4,297$3,832$3,412$2,205
12 years$4,883$4,319$3,813$3,361$2,957$1,823
13 years$4,461$3,903$3,407$2,967$2,579$1,514
14 years$4,100$3,548$3,061$2,634$2,260$1,263
15 years$3,787$3,241$2,764$2,349$1,990$1,057
16 years$3,513$2,974$2,506$2,103$1,759$888
17 years$3,272$2,739$2,280$1,890$1,560$747
18 years$3,058$2,531$2,082$1,703$1,387$630
19 years$2,867$2,345$1,906$1,539$1,236$532
20 years$2,695$2,180$1,749$1,394$1,104$450
21 years$2,540$2,030$1,609$1,265$988$381
22 years$2,399$1,895$1,483$1,150$886$322
23 years$2,270$1,772$1,369$1,047$795$273
24 years$2,153$1,661$1,266$955$715$232
25 years$2,044$1,558$1,173$872$643$197
26 years$1,945$1,465$1,088$798$579$167
27 years$1,853$1,378$1,010$730$522$142
28 years$1,767$1,299$939$669$471$121
29 years$1,688$1,225$874$613$425$103
30 years$1,614$1,157$814$563$384$87
31 years$1,545$1,094$759$517$348$74
32 years$1,481$1,035$708$475$314$63
33 years$1,420$980$661$437$285$54
34 years$1,363$929$617$402$258$46
35 years$1,310$881$577$370$233$39
36 years$1,259$836$540$341$211$33
37 years$1,212$794$505$314$192$28
38 years$1,167$755$473$289$174$24
39 years$1,124$718$443$267$158$21
40 years$1,084$683$416$246$143$17
41 years$1,046$650$390$227$130$15
42 years$1,010$619$366$210$118$13
43 years$975$590$343$194$107$11
44 years$942$562$322$179$97$9
45 years$911$536$302$165$88$8
46 years$881$512$284$152$80$7
47 years$852$488$267$141$73$6
48 years$825$466$251$130$66$5
49 years$799$445$236$120$60$4
50 years$774$425$222$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $793,000, adding $6,433 every year, while hoping to spend $52,031 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: 66/9/25 Blend
60$793,000$793,000$793,000$793,000
61$880,522$838,493$826,201$932,521
62$914,974$824,218$798,518$954,045
63$951,197$807,500$768,164$971,110
64$989,316$788,165$734,994$988,583
65$1,029,468$766,026$698,858$1,006,507
66$1,071,801$740,889$659,597$1,024,933
67$1,116,478$712,546$617,047$1,043,916
68$1,163,675$680,777$571,035$1,063,519
69$1,213,586$645,352$521,381$1,083,815
70$1,266,422$606,024$467,897$1,104,885
71$1,322,412$562,533$410,386$1,126,821
72$1,381,807$514,607$348,644$1,149,728
73$1,444,883$461,954$282,454$1,173,722
74$1,511,939$404,268$211,595$1,198,936
75$1,583,306$341,226$135,832$1,225,518
76$1,659,342$272,485$54,921$1,253,634
77$1,740,441$197,683$0$1,283,471
78$1,827,036$116,439$0$1,323,623
79$1,919,599$28,350$0$1,382,118
80$2,018,649$0$0$1,444,630
81$2,124,754$0$0$1,518,164
82$2,238,539$0$0$1,600,064
83$2,360,687$0$0$1,688,021
84$2,491,950$0$0$1,782,579
85$2,633,151$0$0$1,884,336
86$2,785,195$0$0$1,993,951
87$2,949,078$0$0$2,112,145
88$3,125,890$0$0$2,239,712
89$3,316,831$0$0$2,377,522
90$3,523,219$0$0$2,526,533
91$3,746,503$0$0$2,687,799
92$3,988,275$0$0$2,862,476
93$4,250,286$0$0$3,051,836
94$4,534,462$0$0$3,257,279
95$4,842,919$0$0$3,480,343
96$5,177,985$0$0$3,722,720
97$5,542,223$0$0$3,986,273
98$5,938,449$0$0$4,273,048
99$6,369,765$0$0$4,585,300
100$6,839,580$0$0$4,925,508