Can I retire at age 61 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$65,981$65,393$64,820$64,260$63,713$62,072
2 years$32,664$32,055$31,466$30,894$30,340$28,697
3 years$21,559$20,949$20,360$19,794$19,249$17,656
4 years$16,008$15,399$14,817$14,261$13,728$12,198
5 years$12,679$12,073$11,499$10,954$10,436$8,973
6 years$10,460$9,859$9,293$8,760$8,258$6,862
7 years$8,875$8,279$7,722$7,202$6,716$5,388
8 years$7,687$7,097$6,549$6,041$5,571$4,311
9 years$6,764$6,179$5,641$5,146$4,692$3,498
10 years$6,026$5,447$4,918$4,436$3,998$2,869
11 years$5,422$4,849$4,329$3,860$3,438$2,372
12 years$4,919$4,352$3,842$3,386$2,979$1,975
13 years$4,494$3,933$3,433$2,989$2,598$1,653
14 years$4,131$3,575$3,084$2,654$2,278$1,389
15 years$3,815$3,266$2,785$2,367$2,005$1,172
16 years$3,540$2,996$2,525$2,119$1,772$992
17 years$3,297$2,759$2,298$1,904$1,571$841
18 years$3,081$2,550$2,097$1,716$1,397$715
19 years$2,889$2,363$1,920$1,550$1,245$609
20 years$2,716$2,196$1,762$1,404$1,112$519
21 years$2,559$2,045$1,621$1,274$995$443
22 years$2,417$1,909$1,494$1,159$892$379
23 years$2,287$1,786$1,379$1,055$801$324
24 years$2,169$1,673$1,276$962$720$277
25 years$2,060$1,570$1,181$879$648$238
26 years$1,960$1,476$1,096$804$584$204
27 years$1,867$1,389$1,017$736$526$175
28 years$1,781$1,309$946$674$475$150
29 years$1,701$1,235$880$618$429$128
30 years$1,626$1,166$820$567$387$110
31 years$1,557$1,102$764$521$350$95
32 years$1,492$1,043$713$479$317$81
33 years$1,431$988$666$440$287$70
34 years$1,374$936$622$405$260$60
35 years$1,320$888$582$373$235$52
36 years$1,269$843$544$343$213$44
37 years$1,221$800$509$316$193$38
38 years$1,176$761$477$292$175$33
39 years$1,133$723$447$269$159$28
40 years$1,092$688$419$248$144$24
41 years$1,054$655$393$229$131$21
42 years$1,017$624$368$211$119$18
43 years$982$594$346$195$108$15
44 years$949$567$324$180$98$13
45 years$918$540$305$166$89$11
46 years$888$515$286$154$80$10
47 years$859$492$269$142$73$8
48 years$831$470$253$131$66$7
49 years$805$448$237$121$60$6
50 years$780$428$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $799,000, adding $2,496 every year, while hoping to spend $45,923 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: 71/13/16 Blend
60$799,000$799,000$799,000$799,000
61$883,073$840,726$828,341$942,341
62$924,284$833,059$807,229$974,378
63$968,160$823,479$783,870$1,003,668
64$1,014,924$811,840$758,141$1,034,549
65$1,064,820$797,995$729,913$1,067,170
66$1,118,117$781,781$699,050$1,101,698
67$1,175,107$763,030$665,410$1,138,315
68$1,236,113$741,564$628,846$1,177,225
69$1,301,487$717,191$589,203$1,218,652
70$1,371,618$689,712$546,320$1,262,846
71$1,446,929$658,914$500,028$1,310,082
72$1,527,887$624,573$450,151$1,360,666
73$1,615,004$586,449$396,503$1,414,934
74$1,708,842$544,293$338,894$1,473,262
75$1,810,018$497,838$277,121$1,536,063
76$1,919,211$446,803$210,976$1,603,794
77$2,037,166$390,891$140,238$1,676,962
78$2,164,701$329,789$64,681$1,756,127
79$2,302,716$263,165$0$1,841,910
80$2,452,202$190,668$0$1,937,718
81$2,614,245$111,930$0$2,053,548
82$2,790,042$26,558$0$2,179,228
83$2,980,908$0$0$2,315,730
84$3,188,291$0$0$2,473,549
85$3,413,781$0$0$2,649,315
86$3,659,131$0$0$2,840,598
87$3,926,266$0$0$3,048,905
88$4,217,307$0$0$3,275,894
89$4,534,587$0$0$3,523,390
90$4,880,674$0$0$3,793,401
91$5,258,393$0$0$4,088,139
92$5,670,857$0$0$4,410,035
93$6,121,489$0$0$4,761,769
94$6,614,060$0$0$5,146,291
95$7,152,721$0$0$5,566,847
96$7,742,042$0$0$6,027,011
97$8,387,055$0$0$6,530,722
98$9,093,303$0$0$7,082,313
99$9,866,888$0$0$7,686,558
100$10,714,529$0$0$8,348,714