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%19.7%
1 years$65,981$65,393$64,820$64,260$63,713$61,234
2 years$32,664$32,055$31,466$30,894$30,340$27,872
3 years$21,559$20,949$20,360$19,794$19,249$16,870
4 years$16,008$15,399$14,817$14,261$13,728$11,457
5 years$12,679$12,073$11,499$10,954$10,436$8,277
6 years$10,460$9,859$9,293$8,760$8,258$6,213
7 years$8,875$8,279$7,722$7,202$6,716$4,785
8 years$7,687$7,097$6,549$6,041$5,571$3,753
9 years$6,764$6,179$5,641$5,146$4,692$2,982
10 years$6,026$5,447$4,918$4,436$3,998$2,394
11 years$5,422$4,849$4,329$3,860$3,438$1,937
12 years$4,919$4,352$3,842$3,386$2,979$1,576
13 years$4,494$3,933$3,433$2,989$2,598$1,289
14 years$4,131$3,575$3,084$2,654$2,278$1,058
15 years$3,815$3,266$2,785$2,367$2,005$872
16 years$3,540$2,996$2,525$2,119$1,772$720
17 years$3,297$2,759$2,298$1,904$1,571$595
18 years$3,081$2,550$2,097$1,716$1,397$493
19 years$2,889$2,363$1,920$1,550$1,245$409
20 years$2,716$2,196$1,762$1,404$1,112$340
21 years$2,559$2,045$1,621$1,274$995$283
22 years$2,417$1,909$1,494$1,159$892$235
23 years$2,287$1,786$1,379$1,055$801$196
24 years$2,169$1,673$1,276$962$720$163
25 years$2,060$1,570$1,181$879$648$136
26 years$1,960$1,476$1,096$804$584$114
27 years$1,867$1,389$1,017$736$526$95
28 years$1,781$1,309$946$674$475$79
29 years$1,701$1,235$880$618$429$66
30 years$1,626$1,166$820$567$387$55
31 years$1,557$1,102$764$521$350$46
32 years$1,492$1,043$713$479$317$38
33 years$1,431$988$666$440$287$32
34 years$1,374$936$622$405$260$27
35 years$1,320$888$582$373$235$22
36 years$1,269$843$544$343$213$19
37 years$1,221$800$509$316$193$16
38 years$1,176$761$477$292$175$13
39 years$1,133$723$447$269$159$11
40 years$1,092$688$419$248$144$9
41 years$1,054$655$393$229$131$8
42 years$1,017$624$368$211$119$6
43 years$982$594$346$195$108$5
44 years$949$567$324$180$98$4
45 years$918$540$305$166$89$4
46 years$888$515$286$154$80$3
47 years$859$492$269$142$73$3
48 years$831$470$253$131$66$2
49 years$805$448$237$121$60$2
50 years$780$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $799,000, adding $2,688 every year, while hoping to spend $54,233 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: 70/16/14 Blend
60$799,000$799,000$799,000$799,000
61$883,271$840,924$828,539$942,144
62$915,661$824,425$798,592$965,104
63$949,537$805,301$765,823$983,437
64$984,994$783,365$730,082$1,002,093
65$1,022,133$758,420$691,210$1,021,093
66$1,061,066$730,257$649,041$1,040,465
67$1,101,912$698,657$603,401$1,060,239
68$1,144,801$663,386$554,110$1,080,450
69$1,189,877$624,197$500,978$1,101,140
70$1,237,291$580,830$443,807$1,122,354
71$1,287,212$533,008$382,392$1,144,146
72$1,339,822$480,440$316,517$1,166,577
73$1,395,320$422,818$245,956$1,189,715
74$1,453,922$359,815$170,475$1,213,640
75$1,515,864$291,088$89,828$1,238,439
76$1,581,404$216,273$3,759$1,264,215
77$1,650,823$134,986$0$1,291,080
78$1,724,429$46,822$0$1,332,324
79$1,802,556$0$0$1,376,387
80$1,885,574$0$0$1,431,479
81$1,973,882$0$0$1,498,874
82$2,067,921$0$0$1,570,666
83$2,168,173$0$0$1,647,228
84$2,275,163$0$0$1,728,963
85$2,389,471$0$0$1,816,318
86$2,511,728$0$0$1,909,779
87$2,642,630$0$0$2,009,882
88$2,782,936$0$0$2,117,213
89$2,933,483$0$0$2,232,414
90$3,095,187$0$0$2,356,192
91$3,269,052$0$0$2,489,321
92$3,456,184$0$0$2,632,653
93$3,657,794$0$0$2,787,122
94$3,875,214$0$0$2,953,753
95$4,109,908$0$0$3,133,675
96$4,363,482$0$0$3,328,125
97$4,637,703$0$0$3,538,467
98$4,934,513$0$0$3,766,196
99$5,256,046$0$0$4,012,957
100$5,604,649$0$0$4,280,560