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%13.5%
1 years$66,228$65,638$65,063$64,501$63,953$63,023
2 years$32,786$32,176$31,584$31,010$30,454$29,519
3 years$21,640$21,027$20,437$19,869$19,321$18,410
4 years$16,069$15,457$14,873$14,314$13,780$12,900
5 years$12,726$12,119$11,542$10,995$10,475$9,629
6 years$10,499$9,896$9,328$8,792$8,289$7,477
7 years$8,909$8,310$7,751$7,229$6,741$5,965
8 years$7,716$7,124$6,574$6,064$5,592$4,851
9 years$6,789$6,202$5,662$5,165$4,710$4,002
10 years$6,048$5,467$4,936$4,452$4,013$3,339
11 years$5,443$4,867$4,346$3,875$3,451$2,811
12 years$4,938$4,368$3,857$3,399$2,991$2,383
13 years$4,511$3,948$3,446$3,001$2,608$2,032
14 years$4,146$3,588$3,096$2,664$2,286$1,741
15 years$3,830$3,278$2,795$2,376$2,013$1,497
16 years$3,553$3,008$2,534$2,127$1,779$1,292
17 years$3,309$2,770$2,306$1,911$1,577$1,118
18 years$3,093$2,559$2,105$1,722$1,402$970
19 years$2,900$2,372$1,927$1,556$1,250$843
20 years$2,726$2,204$1,769$1,409$1,117$734
21 years$2,569$2,053$1,627$1,279$999$640
22 years$2,426$1,917$1,499$1,163$896$559
23 years$2,296$1,793$1,384$1,059$804$489
24 years$2,177$1,679$1,280$966$723$428
25 years$2,068$1,576$1,186$882$650$375
26 years$1,967$1,481$1,100$807$586$328
27 years$1,874$1,394$1,021$738$528$288
28 years$1,787$1,314$949$677$477$253
29 years$1,707$1,239$884$620$430$222
30 years$1,633$1,170$823$569$389$195
31 years$1,563$1,106$767$523$351$171
32 years$1,497$1,047$716$481$318$151
33 years$1,436$991$668$442$288$132
34 years$1,379$940$625$407$261$116
35 years$1,325$891$584$374$236$102
36 years$1,274$846$546$345$214$90
37 years$1,226$803$511$318$194$79
38 years$1,180$764$479$293$176$70
39 years$1,137$726$449$270$159$61
40 years$1,096$691$420$249$144$54
41 years$1,058$658$394$230$131$48
42 years$1,021$626$370$212$119$42
43 years$986$597$347$196$108$37
44 years$953$569$326$181$98$32
45 years$921$542$306$167$89$29
46 years$891$517$287$154$81$25
47 years$862$494$270$142$73$22
48 years$835$471$254$132$67$20
49 years$808$450$238$122$60$17
50 years$783$430$224$112$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $802,000, adding $4,123 every year, while hoping to spend $43,666 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: 30/44/26 Blend
60$802,000$802,000$802,000$802,000
61$888,057$845,551$833,120$907,473
62$932,178$840,523$814,569$917,841
63$979,337$833,784$793,933$924,865
64$1,029,796$825,206$771,097$931,543
65$1,083,844$814,651$745,938$937,874
66$1,141,800$801,972$718,330$943,861
67$1,204,010$787,015$688,141$949,513
68$1,270,856$769,617$655,231$954,843
69$1,342,758$749,602$619,456$959,870
70$1,420,176$726,789$580,664$964,622
71$1,503,615$700,983$538,697$969,132
72$1,593,629$671,977$493,389$973,446
73$1,690,830$639,554$444,568$977,619
74$1,795,886$603,484$392,053$981,716
75$1,909,535$563,523$335,655$985,818
76$2,032,586$519,414$275,178$990,022
77$2,165,929$470,884$210,415$994,441
78$2,310,542$417,646$141,153$999,208
79$2,467,502$359,395$67,166$1,004,478
80$2,637,992$295,811$0$1,010,432
81$2,823,315$226,553$0$1,020,549
82$3,024,903$151,264$0$1,051,895
83$3,244,331$69,564$0$1,086,163
84$3,483,334$0$0$1,123,741
85$3,743,819$0$0$1,174,238
86$4,027,888$0$0$1,266,152
87$4,337,851$0$0$1,366,563
88$4,676,252$0$0$1,476,311
89$5,045,892$0$0$1,596,320
90$5,449,855$0$0$1,727,607
91$5,891,534$0$0$1,871,291
92$6,374,667$0$0$2,028,607
93$6,903,368$0$0$2,200,912
94$7,482,169$0$0$2,389,701
95$8,116,060$0$0$2,596,622
96$8,810,535$0$0$2,823,490
97$9,571,646$0$0$3,072,301
98$10,406,056$0$0$3,345,256
99$11,321,107$0$0$3,644,780
100$12,324,882$0$0$3,973,542