Can I retire at age 61 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$66,146$65,557$64,982$64,421$63,873$63,258
2 years$32,745$32,136$31,545$30,972$30,416$29,797
3 years$21,613$21,001$20,411$19,844$19,297$18,693
4 years$16,049$15,438$14,854$14,296$13,763$13,178
5 years$12,710$12,104$11,528$10,981$10,462$9,898
6 years$10,486$9,883$9,316$8,782$8,278$7,736
7 years$8,897$8,300$7,742$7,220$6,733$6,212
8 years$7,707$7,115$6,565$6,056$5,585$5,087
9 years$6,781$6,195$5,655$5,159$4,704$4,227
10 years$6,041$5,460$4,930$4,447$4,008$3,553
11 years$5,436$4,861$4,340$3,870$3,447$3,013
12 years$4,932$4,363$3,852$3,395$2,987$2,574
13 years$4,506$3,943$3,441$2,997$2,605$2,212
14 years$4,141$3,584$3,092$2,660$2,283$1,910
15 years$3,825$3,274$2,792$2,373$2,010$1,656
16 years$3,549$3,004$2,531$2,124$1,777$1,441
17 years$3,305$2,766$2,303$1,909$1,575$1,258
18 years$3,089$2,556$2,103$1,720$1,401$1,101
19 years$2,896$2,369$1,925$1,554$1,249$965
20 years$2,722$2,202$1,767$1,408$1,115$848
21 years$2,565$2,051$1,625$1,278$998$746
22 years$2,423$1,914$1,498$1,162$895$658
23 years$2,293$1,790$1,383$1,058$803$580
24 years$2,174$1,677$1,279$965$722$512
25 years$2,065$1,574$1,184$881$649$453
26 years$1,964$1,479$1,098$806$585$401
27 years$1,871$1,392$1,020$737$527$355
28 years$1,785$1,312$948$676$476$314
29 years$1,705$1,238$882$620$430$279
30 years$1,630$1,169$822$569$388$247
31 years$1,561$1,105$766$522$351$219
32 years$1,496$1,046$715$480$318$195
33 years$1,434$990$668$441$287$173
34 years$1,377$938$624$406$260$154
35 years$1,323$890$583$374$236$137
36 years$1,272$845$546$344$214$121
37 years$1,224$802$511$317$194$108
38 years$1,179$763$478$292$175$96
39 years$1,136$725$448$270$159$85
40 years$1,095$690$420$249$144$76
41 years$1,056$657$394$229$131$67
42 years$1,020$625$369$212$119$60
43 years$985$596$347$195$108$53
44 years$952$568$325$180$98$48
45 years$920$542$305$167$89$42
46 years$890$517$287$154$81$38
47 years$861$493$270$142$73$33
48 years$834$471$253$131$67$30
49 years$807$450$238$121$60$27
50 years$782$429$224$112$55$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $801,000, adding $6,938 every year, while hoping to spend $31,796 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: 63/31/6 Blend
60$801,000$801,000$801,000$801,000
61$889,859$847,406$834,990$944,556
62$946,793$855,098$829,132$989,560
63$1,008,470$862,101$822,011$1,034,303
64$1,075,338$868,349$813,553$1,082,323
65$1,147,893$873,768$803,677$1,133,938
66$1,226,679$878,284$792,302$1,189,494
67$1,312,295$881,814$779,338$1,249,376
68$1,405,400$884,273$764,696$1,314,008
69$1,506,717$885,569$748,280$1,383,856
70$1,617,044$885,604$729,990$1,459,437
71$1,737,260$884,276$709,721$1,541,320
72$1,868,328$881,473$687,365$1,630,133
73$2,011,312$877,080$662,806$1,726,568
74$2,167,382$870,973$635,926$1,831,390
75$2,337,824$863,020$606,599$1,945,443
76$2,524,057$853,083$574,695$2,069,657
77$2,727,641$841,014$540,077$2,205,059
78$2,950,293$826,656$502,602$2,352,783
79$3,193,905$809,845$462,122$2,514,079
80$3,460,560$790,404$418,480$2,690,326
81$3,752,552$768,148$371,513$2,883,046
82$4,072,406$742,881$321,053$3,093,919
83$4,422,903$714,394$266,920$3,324,796
84$4,807,107$682,467$208,930$3,577,722
85$5,228,392$646,868$146,888$3,854,951
86$5,690,473$607,349$80,594$4,158,970
87$6,197,442$563,651$9,835$4,492,524
88$6,753,809$515,497$0$4,858,638
89$7,364,538$462,597$0$5,264,857
90$8,035,100$404,643$0$5,711,603
91$8,771,519$341,310$0$6,202,323
92$9,580,434$272,254$0$6,741,515
93$10,469,156$197,112$0$7,334,136
94$11,445,740$115,501$0$7,985,654
95$12,519,061$27,016$0$8,702,100
96$13,698,895$0$0$9,490,120
97$14,996,013$0$0$10,380,506
98$16,422,282$0$0$11,369,743
99$17,990,775$0$0$12,457,690
100$19,715,898$0$0$13,654,347