Can I retire at age 61 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$65,816$65,229$64,657$64,099$63,554$63,259
2 years$32,582$31,975$31,387$30,817$30,264$29,967
3 years$21,506$20,896$20,309$19,745$19,201$18,910
4 years$15,968$15,361$14,780$14,225$13,694$13,412
5 years$12,647$12,043$11,470$10,926$10,410$10,137
6 years$10,433$9,834$9,269$8,738$8,237$7,974
7 years$8,853$8,259$7,703$7,184$6,699$6,446
8 years$7,668$7,079$6,533$6,026$5,557$5,315
9 years$6,747$6,164$5,627$5,133$4,680$4,447
10 years$6,011$5,433$4,905$4,425$3,988$3,765
11 years$5,409$4,837$4,319$3,851$3,430$3,216
12 years$4,907$4,341$3,833$3,378$2,972$2,768
13 years$4,483$3,923$3,424$2,982$2,592$2,397
14 years$4,120$3,566$3,077$2,647$2,272$2,087
15 years$3,806$3,258$2,778$2,361$2,000$1,824
16 years$3,531$2,989$2,519$2,114$1,768$1,600
17 years$3,289$2,753$2,292$1,899$1,568$1,408
18 years$3,074$2,544$2,092$1,712$1,394$1,243
19 years$2,882$2,357$1,915$1,547$1,242$1,099
20 years$2,709$2,191$1,758$1,401$1,110$974
21 years$2,553$2,040$1,617$1,271$993$865
22 years$2,411$1,905$1,490$1,156$890$769
23 years$2,282$1,781$1,376$1,053$799$685
24 years$2,163$1,669$1,272$960$718$610
25 years$2,055$1,566$1,178$877$646$545
26 years$1,955$1,472$1,093$802$582$486
27 years$1,862$1,385$1,015$734$525$435
28 years$1,776$1,305$944$672$474$389
29 years$1,697$1,232$878$617$428$348
30 years$1,622$1,163$818$566$386$312
31 years$1,553$1,099$762$520$349$279
32 years$1,488$1,040$711$478$316$251
33 years$1,427$985$664$439$286$225
34 years$1,370$934$621$404$259$202
35 years$1,316$886$580$372$234$181
36 years$1,266$841$543$343$212$162
37 years$1,218$798$508$316$193$146
38 years$1,173$759$476$291$175$131
39 years$1,130$721$446$268$158$118
40 years$1,090$686$418$247$144$106
41 years$1,051$653$392$228$130$95
42 years$1,015$622$367$211$118$85
43 years$980$593$345$194$107$77
44 years$947$565$324$180$97$69
45 years$915$539$304$166$88$62
46 years$885$514$285$153$80$56
47 years$857$491$268$142$73$50
48 years$829$468$252$131$66$45
49 years$803$447$237$121$60$41
50 years$778$427$223$112$55$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $797,000, adding $4,254 every year, while hoping to spend $57,178 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: 67/15/18 Blend
60$797,000$797,000$797,000$797,000
61$882,682$840,441$828,088$937,653
62$911,879$820,786$794,991$955,291
63$942,137$798,251$758,870$967,523
64$973,505$772,635$719,563$979,502
65$1,006,033$743,725$676,899$991,200
66$1,039,776$711,295$630,703$1,002,589
67$1,074,792$675,107$580,789$1,013,640
68$1,111,141$634,908$526,966$1,024,323
69$1,148,890$590,431$469,032$1,034,606
70$1,188,108$541,393$406,776$1,044,460
71$1,228,870$487,496$339,978$1,053,849
72$1,271,256$428,425$268,409$1,062,743
73$1,315,353$363,846$191,829$1,071,108
74$1,361,252$293,408$109,988$1,078,909
75$1,409,052$216,738$22,625$1,086,112
76$1,458,860$133,442$0$1,092,685
77$1,510,790$43,107$0$1,112,155
78$1,564,965$0$0$1,136,445
79$1,621,519$0$0$1,170,262
80$1,680,594$0$0$1,213,030
81$1,742,346$0$0$1,257,748
82$1,806,942$0$0$1,304,538
83$1,874,563$0$0$1,353,533
84$1,945,406$0$0$1,404,877
85$2,019,684$0$0$1,458,727
86$2,097,627$0$0$1,515,253
87$2,179,487$0$0$1,574,637
88$2,265,535$0$0$1,637,081
89$2,356,067$0$0$1,702,802
90$2,451,407$0$0$1,772,036
91$2,551,904$0$0$1,845,043
92$2,657,942$0$0$1,922,102
93$2,769,936$0$0$2,003,520
94$2,888,341$0$0$2,089,632
95$3,013,654$0$0$2,180,803
96$3,146,415$0$0$2,277,430
97$3,287,218$0$0$2,379,951
98$3,436,708$0$0$2,488,841
99$3,595,594$0$0$2,604,621
100$3,764,648$0$0$2,727,861