Can I retire at age 61 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$66,063$65,475$64,901$64,340$63,793$62,025
2 years$32,705$32,095$31,505$30,933$30,378$28,609
3 years$21,586$20,975$20,386$19,819$19,273$17,560
4 years$16,029$15,419$14,836$14,278$13,746$12,101
5 years$12,695$12,088$11,513$10,967$10,449$8,877
6 years$10,473$9,871$9,304$8,771$8,268$6,771
7 years$8,886$8,290$7,732$7,211$6,724$5,301
8 years$7,697$7,106$6,557$6,049$5,578$4,229
9 years$6,773$6,187$5,648$5,152$4,698$3,421
10 years$6,033$5,453$4,924$4,441$4,003$2,797
11 years$5,429$4,855$4,335$3,865$3,442$2,306
12 years$4,926$4,357$3,847$3,390$2,983$1,913
13 years$4,500$3,938$3,437$2,993$2,601$1,596
14 years$4,136$3,579$3,088$2,657$2,280$1,337
15 years$3,820$3,270$2,788$2,370$2,008$1,124
16 years$3,544$3,000$2,528$2,122$1,775$948
17 years$3,301$2,763$2,300$1,906$1,573$801
18 years$3,085$2,553$2,100$1,718$1,399$678
19 years$2,892$2,366$1,922$1,552$1,247$575
20 years$2,719$2,199$1,764$1,406$1,114$489
21 years$2,562$2,048$1,623$1,276$997$415
22 years$2,420$1,912$1,496$1,160$893$354
23 years$2,290$1,788$1,381$1,057$802$301
24 years$2,172$1,675$1,277$964$721$257
25 years$2,063$1,572$1,183$880$649$219
26 years$1,962$1,478$1,097$805$584$187
27 years$1,869$1,391$1,019$737$527$160
28 years$1,783$1,310$947$675$475$136
29 years$1,703$1,236$881$619$429$117
30 years$1,628$1,167$821$568$388$100
31 years$1,559$1,104$765$522$351$85
32 years$1,494$1,044$714$479$317$73
33 years$1,433$989$667$441$287$62
34 years$1,375$937$623$406$260$53
35 years$1,321$889$582$373$235$46
36 years$1,271$844$545$344$213$39
37 years$1,223$801$510$317$193$33
38 years$1,177$762$478$292$175$29
39 years$1,134$724$447$269$159$24
40 years$1,094$689$419$248$144$21
41 years$1,055$656$393$229$131$18
42 years$1,019$625$369$211$119$15
43 years$984$595$346$195$108$13
44 years$951$567$325$180$98$11
45 years$919$541$305$166$89$10
46 years$889$516$287$154$81$8
47 years$860$492$269$142$73$7
48 years$833$470$253$131$66$6
49 years$806$449$238$121$60$5
50 years$781$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $800,000, adding $4,128 every year, while hoping to spend $31,374 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: 45/38/17 Blend
60$800,000$800,000$800,000$800,000
61$885,858$843,458$831,058$921,230
62$942,834$851,406$825,517$954,322
63$1,004,570$858,691$818,738$986,724
64$1,071,518$865,249$810,648$1,021,192
65$1,144,176$871,010$801,168$1,057,933
66$1,223,091$875,899$790,217$1,097,172
67$1,308,866$879,837$777,708$1,139,163
68$1,402,161$882,740$763,552$1,184,185
69$1,503,706$884,518$747,655$1,232,546
70$1,614,301$885,078$729,920$1,284,589
71$1,734,830$884,317$710,242$1,340,693
72$1,866,263$882,128$688,516$1,401,279
73$2,009,668$878,399$664,627$1,466,810
74$2,166,222$873,008$638,459$1,537,802
75$2,337,218$865,827$609,889$1,614,825
76$2,524,082$856,720$578,789$1,698,507
77$2,728,383$845,544$545,023$1,789,546
78$2,951,849$832,146$508,451$1,888,714
79$3,196,380$816,364$468,927$1,996,863
80$3,464,073$798,028$426,298$2,114,938
81$3,757,232$776,955$380,403$2,243,981
82$4,078,398$752,954$331,075$2,385,147
83$4,430,368$725,822$278,139$2,539,710
84$4,816,222$695,344$221,413$2,709,081
85$5,239,352$661,291$160,706$2,894,817
86$5,703,496$623,425$95,820$3,098,642
87$6,212,769$581,489$26,546$3,322,459
88$6,771,705$535,215$0$3,568,370
89$7,385,297$484,319$0$3,847,293
90$8,059,046$428,499$0$4,158,898
91$8,799,012$367,439$0$4,501,243
92$9,611,869$300,801$0$4,877,503
93$10,504,971$228,232$0$5,291,184
94$11,486,420$149,357$0$5,746,153
95$12,565,140$63,781$0$6,246,679
96$13,750,963$0$0$6,797,469
97$15,054,721$0$0$7,415,811
98$16,488,350$0$0$8,125,178
99$18,064,997$0$0$8,905,418
100$19,799,149$0$0$9,763,714