Can I retire at age 61 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$66,228$65,638$65,063$64,501$63,953$62,356
2 years$32,786$32,176$31,584$31,010$30,454$28,855
3 years$21,640$21,027$20,437$19,869$19,321$17,771
4 years$16,069$15,457$14,873$14,314$13,780$12,290
5 years$12,726$12,119$11,542$10,995$10,475$9,049
6 years$10,499$9,896$9,328$8,792$8,289$6,928
7 years$8,909$8,310$7,751$7,229$6,741$5,446
8 years$7,716$7,124$6,574$6,064$5,592$4,363
9 years$6,789$6,202$5,662$5,165$4,710$3,544
10 years$6,048$5,467$4,936$4,452$4,013$2,910
11 years$5,443$4,867$4,346$3,875$3,451$2,410
12 years$4,938$4,368$3,857$3,399$2,991$2,009
13 years$4,511$3,948$3,446$3,001$2,608$1,683
14 years$4,146$3,588$3,096$2,664$2,286$1,417
15 years$3,830$3,278$2,795$2,376$2,013$1,197
16 years$3,553$3,008$2,534$2,127$1,779$1,014
17 years$3,309$2,770$2,306$1,911$1,577$862
18 years$3,093$2,559$2,105$1,722$1,402$733
19 years$2,900$2,372$1,927$1,556$1,250$625
20 years$2,726$2,204$1,769$1,409$1,117$534
21 years$2,569$2,053$1,627$1,279$999$457
22 years$2,426$1,917$1,499$1,163$896$391
23 years$2,296$1,793$1,384$1,059$804$335
24 years$2,177$1,679$1,280$966$723$287
25 years$2,068$1,576$1,186$882$650$246
26 years$1,967$1,481$1,100$807$586$211
27 years$1,874$1,394$1,021$738$528$182
28 years$1,787$1,314$949$677$477$156
29 years$1,707$1,239$884$620$430$134
30 years$1,633$1,170$823$569$389$115
31 years$1,563$1,106$767$523$351$99
32 years$1,497$1,047$716$481$318$85
33 years$1,436$991$668$442$288$73
34 years$1,379$940$625$407$261$63
35 years$1,325$891$584$374$236$54
36 years$1,274$846$546$345$214$47
37 years$1,226$803$511$318$194$40
38 years$1,180$764$479$293$176$35
39 years$1,137$726$449$270$159$30
40 years$1,096$691$420$249$144$26
41 years$1,058$658$394$230$131$22
42 years$1,021$626$370$212$119$19
43 years$986$597$347$196$108$16
44 years$953$569$326$181$98$14
45 years$921$542$306$167$89$12
46 years$891$517$287$154$81$10
47 years$862$494$270$142$73$9
48 years$835$471$254$132$67$8
49 years$808$450$238$122$60$7
50 years$783$430$224$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $802,000, adding $2,709 every year, while hoping to spend $48,924 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: 79/13/8 Blend
60$802,000$802,000$802,000$802,000
61$886,598$844,092$831,661$955,475
62$924,977$833,398$807,467$990,344
63$965,630$820,540$780,823$1,021,926
64$1,008,738$805,361$751,595$1,055,120
65$1,054,499$787,693$719,643$1,090,064
66$1,103,128$767,360$684,820$1,126,909
67$1,154,860$744,174$646,975$1,165,821
68$1,209,955$717,937$605,948$1,206,987
69$1,268,694$688,440$561,571$1,250,610
70$1,331,387$655,460$513,670$1,296,914
71$1,398,374$618,762$462,063$1,346,148
72$1,470,025$578,099$406,559$1,398,586
73$1,546,749$533,207$346,960$1,454,531
74$1,628,992$483,809$283,058$1,514,318
75$1,717,245$429,612$214,637$1,578,314
76$1,812,046$370,305$141,469$1,646,929
77$1,913,985$305,560$63,319$1,720,611
78$2,023,711$235,032$0$1,799,859
79$2,141,936$158,355$0$1,886,935
80$2,269,442$75,143$0$1,986,610
81$2,407,088$0$0$2,094,167
82$2,555,817$0$0$2,212,517
83$2,716,669$0$0$2,352,156
84$2,890,782$0$0$2,503,328
85$3,079,410$0$0$2,667,124
86$3,283,932$0$0$2,844,744
87$3,505,864$0$0$3,037,507
88$3,746,872$0$0$3,246,863
89$4,008,791$0$0$3,474,409
90$4,293,637$0$0$3,721,900
91$4,603,629$0$0$3,991,267
92$4,941,211$0$0$4,284,637
93$5,309,068$0$0$4,604,348
94$5,710,157$0$0$4,952,974
95$6,147,735$0$0$5,333,347
96$6,625,382$0$0$5,748,587
97$7,147,042$0$0$6,202,124
98$7,717,056$0$0$6,697,739
99$8,340,204$0$0$7,239,591
100$9,021,748$0$0$7,832,261