Can I retire at age 61 with 798,000?

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 $798,000?

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$65,898$65,311$64,738$64,179$63,634$62,425
2 years$32,623$32,015$31,426$30,856$30,302$29,089
3 years$21,533$20,922$20,335$19,769$19,225$18,046
4 years$15,988$15,380$14,799$14,243$13,711$12,575
5 years$12,663$12,058$11,484$10,940$10,423$9,332
6 years$10,447$9,846$9,281$8,749$8,247$7,204
7 years$8,864$8,269$7,713$7,193$6,707$5,711
8 years$7,678$7,088$6,541$6,034$5,564$4,615
9 years$6,756$6,171$5,634$5,139$4,686$3,783
10 years$6,018$5,440$4,912$4,430$3,993$3,135
11 years$5,415$4,843$4,324$3,856$3,434$2,621
12 years$4,913$4,347$3,838$3,382$2,976$2,206
13 years$4,489$3,928$3,429$2,986$2,595$1,868
14 years$4,125$3,570$3,081$2,650$2,275$1,588
15 years$3,811$3,262$2,781$2,364$2,003$1,356
16 years$3,535$2,993$2,522$2,116$1,770$1,161
17 years$3,293$2,756$2,295$1,902$1,569$997
18 years$3,078$2,547$2,095$1,714$1,395$858
19 years$2,885$2,360$1,918$1,548$1,244$740
20 years$2,712$2,193$1,760$1,402$1,111$639
21 years$2,556$2,043$1,619$1,273$994$553
22 years$2,414$1,907$1,492$1,157$891$478
23 years$2,285$1,784$1,378$1,054$800$415
24 years$2,166$1,671$1,274$961$719$360
25 years$2,057$1,568$1,180$878$647$312
26 years$1,957$1,474$1,094$803$583$271
27 years$1,864$1,387$1,016$735$525$236
28 years$1,779$1,307$945$673$474$205
29 years$1,699$1,233$879$617$428$179
30 years$1,624$1,165$819$567$387$155
31 years$1,555$1,101$763$520$350$135
32 years$1,490$1,042$712$478$316$118
33 years$1,429$986$665$440$286$103
34 years$1,372$935$621$405$259$89
35 years$1,318$887$581$372$235$78
36 years$1,267$842$543$343$213$68
37 years$1,220$799$509$316$193$59
38 years$1,174$760$476$291$175$52
39 years$1,132$722$446$269$159$45
40 years$1,091$687$418$248$144$39
41 years$1,053$654$392$229$130$34
42 years$1,016$623$368$211$118$30
43 years$981$594$345$195$107$26
44 years$948$566$324$180$98$23
45 years$917$540$304$166$89$20
46 years$887$515$286$153$80$17
47 years$858$491$269$142$73$15
48 years$830$469$252$131$66$13
49 years$804$448$237$121$60$11
50 years$779$428$223$112$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $798,000, adding $6,938 every year, while hoping to spend $54,932 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: 59/36/5 Blend
60$798,000$798,000$798,000$798,000
61$886,553$844,259$831,890$937,664
62$918,534$827,180$801,311$955,642
63$951,936$807,424$767,866$968,317
64$986,846$784,800$731,402$980,738
65$1,023,358$759,109$691,758$992,883
66$1,061,573$730,138$648,765$1,004,728
67$1,101,603$697,664$602,247$1,016,253
68$1,143,565$661,448$552,022$1,027,435
69$1,187,590$621,241$497,896$1,038,254
70$1,233,818$576,775$439,669$1,048,692
71$1,282,402$527,771$377,132$1,058,730
72$1,333,507$473,933$310,067$1,068,354
73$1,387,315$414,945$238,244$1,077,551
74$1,444,021$350,478$161,425$1,086,311
75$1,503,840$280,180$79,362$1,094,629
76$1,567,006$203,683$0$1,102,503
77$1,633,772$120,595$0$1,110,376
78$1,704,417$30,504$0$1,122,368
79$1,779,243$0$0$1,134,271
80$1,858,582$0$0$1,172,681
81$1,942,797$0$0$1,226,310
82$2,032,283$0$0$1,283,331
83$2,127,472$0$0$1,344,024
84$2,228,840$0$0$1,408,696
85$2,336,905$0$0$1,477,683
86$2,452,235$0$0$1,551,354
87$2,575,453$0$0$1,630,113
88$2,707,242$0$0$1,714,401
89$2,848,350$0$0$1,804,704
90$2,999,598$0$0$1,901,554
91$3,161,885$0$0$2,005,535
92$3,336,199$0$0$2,117,288
93$3,523,626$0$0$2,237,516
94$3,725,355$0$0$2,366,991
95$3,942,693$0$0$2,506,563
96$4,177,077$0$0$2,657,162
97$4,430,082$0$0$2,819,812
98$4,703,443$0$0$2,995,639
99$4,999,064$0$0$3,185,879
100$5,319,038$0$0$3,391,891