Can I retire at age 61 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$65,650$65,066$64,495$63,938$63,394$62,191
2 years$32,500$31,895$31,308$30,740$30,188$28,980
3 years$21,452$20,844$20,259$19,695$19,152$17,978
4 years$15,928$15,322$14,743$14,189$13,660$12,527
5 years$12,615$12,013$11,441$10,899$10,384$9,297
6 years$10,407$9,809$9,246$8,716$8,216$7,177
7 years$8,831$8,238$7,684$7,166$6,682$5,689
8 years$7,649$7,061$6,516$6,011$5,543$4,598
9 years$6,730$6,148$5,613$5,120$4,668$3,769
10 years$5,996$5,419$4,893$4,414$3,978$3,123
11 years$5,395$4,825$4,308$3,841$3,421$2,611
12 years$4,895$4,330$3,823$3,369$2,965$2,198
13 years$4,472$3,913$3,416$2,975$2,585$1,861
14 years$4,110$3,557$3,069$2,640$2,266$1,582
15 years$3,796$3,249$2,771$2,355$1,995$1,351
16 years$3,522$2,981$2,512$2,108$1,763$1,157
17 years$3,281$2,746$2,286$1,894$1,564$993
18 years$3,066$2,537$2,087$1,707$1,390$855
19 years$2,874$2,351$1,910$1,543$1,239$737
20 years$2,702$2,185$1,753$1,397$1,107$637
21 years$2,546$2,035$1,613$1,268$990$551
22 years$2,405$1,900$1,486$1,153$888$477
23 years$2,276$1,777$1,372$1,050$797$413
24 years$2,158$1,665$1,269$958$716$358
25 years$2,050$1,562$1,176$875$645$311
26 years$1,950$1,468$1,090$800$581$270
27 years$1,857$1,382$1,012$732$523$235
28 years$1,772$1,302$941$671$472$204
29 years$1,692$1,228$876$615$427$178
30 years$1,618$1,160$816$564$385$155
31 years$1,549$1,097$761$518$348$135
32 years$1,484$1,038$710$476$315$117
33 years$1,424$983$663$438$285$102
34 years$1,367$931$619$403$258$89
35 years$1,313$883$579$371$234$78
36 years$1,263$838$541$342$212$68
37 years$1,215$796$507$315$192$59
38 years$1,170$757$475$290$174$51
39 years$1,127$720$445$268$158$45
40 years$1,087$685$417$247$143$39
41 years$1,049$652$391$228$130$34
42 years$1,012$621$367$210$118$30
43 years$978$591$344$194$107$26
44 years$945$564$323$179$97$23
45 years$913$538$303$165$88$20
46 years$883$513$285$153$80$17
47 years$855$489$268$141$73$15
48 years$827$467$251$130$66$13
49 years$801$446$236$121$60$11
50 years$776$426$222$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $795,000, adding $2,082 every year, while hoping to spend $38,301 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: 67/20/13 Blend
60$795,000$795,000$795,000$795,000
61$878,238$836,103$823,780$934,354
62$927,066$836,320$810,625$972,223
63$979,591$835,264$795,745$1,008,890
64$1,036,149$832,832$779,043$1,048,004
65$1,097,111$828,915$760,415$1,089,803
66$1,162,882$823,397$739,754$1,134,547
67$1,233,908$816,156$716,949$1,182,525
68$1,310,680$807,061$691,880$1,234,056
69$1,393,736$795,974$664,425$1,289,492
70$1,483,670$782,749$634,455$1,349,224
71$1,581,131$767,231$601,836$1,413,681
72$1,686,836$749,255$566,428$1,483,339
73$1,801,573$728,648$528,082$1,558,723
74$1,926,207$705,225$486,647$1,640,413
75$2,061,692$678,793$441,961$1,729,051
76$2,209,075$649,144$393,857$1,825,345
77$2,369,509$616,061$342,160$1,930,077
78$2,544,263$579,312$286,687$2,044,111
79$2,734,734$538,654$227,247$2,168,401
80$2,942,459$493,830$163,641$2,304,001
81$3,169,127$444,565$95,661$2,452,076
82$3,416,602$390,573$23,089$2,613,909
83$3,686,932$331,547$0$2,790,920
84$3,982,374$267,168$0$2,992,216
85$4,305,411$197,094$0$3,215,894
86$4,658,778$120,967$0$3,460,692
87$5,045,486$38,407$0$3,728,753
88$5,468,851$0$0$4,022,442
89$5,932,525$0$0$4,355,585
90$6,440,527$0$0$4,729,888
91$6,997,287$0$0$5,140,165
92$7,607,680$0$0$5,590,017
93$8,277,079$0$0$6,083,409
94$9,011,399$0$0$6,624,709
95$9,817,156$0$0$7,218,725
96$10,701,528$0$0$7,870,758
97$11,672,422$0$0$8,586,644
98$12,738,546$0$0$9,372,811
99$13,909,494$0$0$10,236,343
100$15,195,834$0$0$11,185,041