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%11.6%
1 years$66,146$65,557$64,982$64,421$63,873$63,444
2 years$32,745$32,136$31,545$30,972$30,416$29,983
3 years$21,613$21,001$20,411$19,844$19,297$18,874
4 years$16,049$15,438$14,854$14,296$13,763$13,353
5 years$12,710$12,104$11,528$10,981$10,462$10,066
6 years$10,486$9,883$9,316$8,782$8,278$7,897
7 years$8,897$8,300$7,742$7,220$6,733$6,366
8 years$7,707$7,115$6,565$6,056$5,585$5,234
9 years$6,781$6,195$5,655$5,159$4,704$4,367
10 years$6,041$5,460$4,930$4,447$4,008$3,686
11 years$5,436$4,861$4,340$3,870$3,447$3,139
12 years$4,932$4,363$3,852$3,395$2,987$2,694
13 years$4,506$3,943$3,441$2,997$2,605$2,325
14 years$4,141$3,584$3,092$2,660$2,283$2,017
15 years$3,825$3,274$2,792$2,373$2,010$1,757
16 years$3,549$3,004$2,531$2,124$1,777$1,537
17 years$3,305$2,766$2,303$1,909$1,575$1,348
18 years$3,089$2,556$2,103$1,720$1,401$1,185
19 years$2,896$2,369$1,925$1,554$1,249$1,044
20 years$2,722$2,202$1,767$1,408$1,115$922
21 years$2,565$2,051$1,625$1,278$998$816
22 years$2,423$1,914$1,498$1,162$895$723
23 years$2,293$1,790$1,383$1,058$803$641
24 years$2,174$1,677$1,279$965$722$569
25 years$2,065$1,574$1,184$881$649$506
26 years$1,964$1,479$1,098$806$585$450
27 years$1,871$1,392$1,020$737$527$401
28 years$1,785$1,312$948$676$476$357
29 years$1,705$1,238$882$620$430$318
30 years$1,630$1,169$822$569$388$284
31 years$1,561$1,105$766$522$351$253
32 years$1,496$1,046$715$480$318$226
33 years$1,434$990$668$441$287$202
34 years$1,377$938$624$406$260$181
35 years$1,323$890$583$374$236$161
36 years$1,272$845$546$344$214$144
37 years$1,224$802$511$317$194$129
38 years$1,179$763$478$292$175$115
39 years$1,136$725$448$270$159$103
40 years$1,095$690$420$249$144$92
41 years$1,056$657$394$229$131$83
42 years$1,020$625$369$212$119$74
43 years$985$596$347$195$108$66
44 years$952$568$325$180$98$59
45 years$920$542$305$167$89$53
46 years$890$517$287$154$81$48
47 years$861$493$270$142$73$43
48 years$834$471$253$131$67$38
49 years$807$450$238$121$60$34
50 years$782$429$224$112$55$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $801,000, adding $5,361 every year, while hoping to spend $24,842 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: 53/24/23 Blend
60$801,000$801,000$801,000$801,000
61$888,232$845,779$833,363$929,402
62$952,400$860,790$834,849$973,362
63$1,022,280$875,705$835,553$1,018,160
64$1,098,430$890,491$835,420$1,066,390
65$1,181,461$905,116$834,398$1,118,389
66$1,272,047$919,544$832,428$1,174,528
67$1,370,930$933,736$829,449$1,235,216
68$1,478,928$947,652$825,397$1,300,905
69$1,596,938$961,246$820,208$1,372,093
70$1,725,950$974,473$813,810$1,449,329
71$1,867,055$987,280$806,130$1,533,220
72$2,021,452$999,614$797,093$1,624,435
73$2,190,462$1,011,417$786,618$1,723,712
74$2,375,540$1,022,627$774,620$1,831,865
75$2,578,288$1,033,179$761,013$1,949,793
76$2,800,470$1,043,001$745,703$2,078,486
77$3,044,030$1,052,020$728,596$2,219,038
78$3,311,107$1,060,154$709,590$2,372,654
79$3,604,058$1,067,320$688,579$2,540,666
80$3,925,479$1,073,426$665,454$2,724,539
81$4,278,230$1,078,377$640,099$2,925,893
82$4,665,461$1,082,069$612,394$3,146,514
83$5,090,642$1,084,393$582,213$3,388,369
84$5,557,594$1,085,235$549,423$3,653,633
85$6,070,528$1,084,471$513,888$3,944,698
86$6,634,081$1,081,970$475,463$4,264,209
87$7,253,365$1,077,594$433,999$4,615,079
88$7,934,008$1,071,195$389,337$5,000,521
89$8,682,212$1,062,619$341,315$5,424,079
90$9,504,808$1,051,698$289,760$5,889,663
91$10,409,326$1,038,258$234,494$6,401,580
92$11,404,057$1,022,114$175,330$6,964,585
93$12,498,140$1,003,066$112,073$7,583,919
94$13,701,642$980,908$44,519$8,265,360
95$15,025,655$955,418$0$9,015,281
96$16,482,401$926,362$0$9,847,475
97$18,085,344$893,492$0$10,775,023
98$19,849,322$856,547$0$11,795,586
99$21,790,684$815,248$0$12,918,642
100$23,927,441$769,302$0$14,154,639