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%12.4%
1 years$66,063$65,475$64,901$64,340$63,793$63,153
2 years$32,705$32,095$31,505$30,933$30,378$29,733
3 years$21,586$20,975$20,386$19,819$19,273$18,644
4 years$16,029$15,419$14,836$14,278$13,746$13,137
5 years$12,695$12,088$11,513$10,967$10,449$9,862
6 years$10,473$9,871$9,304$8,771$8,268$7,704
7 years$8,886$8,290$7,732$7,211$6,724$6,183
8 years$7,697$7,106$6,557$6,049$5,578$5,060
9 years$6,773$6,187$5,648$5,152$4,698$4,202
10 years$6,033$5,453$4,924$4,441$4,003$3,530
11 years$5,429$4,855$4,335$3,865$3,442$2,992
12 years$4,926$4,357$3,847$3,390$2,983$2,554
13 years$4,500$3,938$3,437$2,993$2,601$2,193
14 years$4,136$3,579$3,088$2,657$2,280$1,893
15 years$3,820$3,270$2,788$2,370$2,008$1,640
16 years$3,544$3,000$2,528$2,122$1,775$1,426
17 years$3,301$2,763$2,300$1,906$1,573$1,244
18 years$3,085$2,553$2,100$1,718$1,399$1,088
19 years$2,892$2,366$1,922$1,552$1,247$953
20 years$2,719$2,199$1,764$1,406$1,114$837
21 years$2,562$2,048$1,623$1,276$997$736
22 years$2,420$1,912$1,496$1,160$893$648
23 years$2,290$1,788$1,381$1,057$802$571
24 years$2,172$1,675$1,277$964$721$504
25 years$2,063$1,572$1,183$880$649$445
26 years$1,962$1,478$1,097$805$584$394
27 years$1,869$1,391$1,019$737$527$348
28 years$1,783$1,310$947$675$475$308
29 years$1,703$1,236$881$619$429$273
30 years$1,628$1,167$821$568$388$242
31 years$1,559$1,104$765$522$351$215
32 years$1,494$1,044$714$479$317$190
33 years$1,433$989$667$441$287$169
34 years$1,375$937$623$406$260$150
35 years$1,321$889$582$373$235$133
36 years$1,271$844$545$344$213$118
37 years$1,223$801$510$317$193$105
38 years$1,177$762$478$292$175$93
39 years$1,134$724$447$269$159$83
40 years$1,094$689$419$248$144$74
41 years$1,055$656$393$229$131$65
42 years$1,019$625$369$211$119$58
43 years$984$595$346$195$108$52
44 years$951$567$325$180$98$46
45 years$919$541$305$166$89$41
46 years$889$516$287$154$81$36
47 years$860$492$269$142$73$32
48 years$833$470$253$131$66$29
49 years$806$449$238$121$60$26
50 years$781$429$224$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $800,000, adding $5,961 every year, while hoping to spend $25,343 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: 63/19/18 Blend
60$800,000$800,000$800,000$800,000
61$887,749$845,349$832,949$939,279
62$951,334$859,806$833,888$989,116
63$1,020,556$874,122$834,009$1,040,117
64$1,095,963$888,264$833,258$1,095,218
65$1,178,157$902,195$831,578$1,154,818
66$1,267,803$915,876$828,910$1,219,360
67$1,365,631$929,267$825,190$1,289,332
68$1,472,445$942,321$820,354$1,365,270
69$1,589,132$954,992$814,334$1,447,768
70$1,716,665$967,228$807,056$1,537,478
71$1,856,119$978,976$798,445$1,635,121
72$2,008,673$990,176$788,424$1,741,491
73$2,175,630$1,000,767$776,908$1,857,463
74$2,358,422$1,010,682$763,812$1,984,003
75$2,558,626$1,019,850$749,045$2,122,175
76$2,777,979$1,028,197$732,511$2,273,152
77$3,018,396$1,035,641$714,113$2,438,229
78$3,281,982$1,042,098$693,746$2,618,833
79$3,571,060$1,047,475$671,302$2,816,535
80$3,888,184$1,051,678$646,666$3,033,071
81$4,236,170$1,054,601$619,721$3,270,352
82$4,618,120$1,056,137$590,342$3,530,487
83$5,037,449$1,056,169$558,400$3,815,800
84$5,497,921$1,054,573$523,758$4,128,854
85$6,003,680$1,051,219$486,275$4,472,475
86$6,559,293$1,045,966$445,803$4,849,777
87$7,169,791$1,038,668$402,187$5,264,196
88$7,840,715$1,029,169$355,266$5,719,516
89$8,578,171$1,017,301$304,871$6,219,914
90$9,388,886$1,002,890$250,825$6,769,990
91$10,280,269$985,748$192,944$7,374,818
92$11,260,485$965,679$131,037$8,039,993
93$12,338,529$942,472$64,902$8,771,679
94$13,524,313$915,907$0$9,576,675
95$14,828,755$885,748$0$10,463,564
96$16,263,886$851,748$0$11,452,890
97$17,842,963$813,644$0$12,541,325
98$19,580,590$771,158$0$13,738,955
99$21,492,861$723,995$0$15,056,892
100$23,597,508$671,846$0$16,507,386