Can I retire at age 61 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$66,311$65,720$65,144$64,582$64,032$61,983
2 years$32,827$32,216$31,623$31,049$30,492$28,445
3 years$21,667$21,053$20,462$19,893$19,345$17,367
4 years$16,089$15,476$14,891$14,332$13,797$11,902
5 years$12,742$12,134$11,556$11,008$10,488$8,681
6 years$10,512$9,908$9,339$8,803$8,299$6,581
7 years$8,920$8,321$7,761$7,238$6,749$5,121
8 years$7,726$7,132$6,582$6,072$5,599$4,059
9 years$6,798$6,210$5,669$5,172$4,715$3,262
10 years$6,056$5,474$4,942$4,458$4,018$2,648
11 years$5,449$4,873$4,351$3,880$3,455$2,168
12 years$4,944$4,374$3,862$3,403$2,994$1,786
13 years$4,517$3,953$3,450$3,004$2,611$1,478
14 years$4,151$3,593$3,100$2,667$2,289$1,229
15 years$3,834$3,282$2,799$2,379$2,015$1,025
16 years$3,558$3,011$2,538$2,130$1,781$857
17 years$3,314$2,773$2,309$1,914$1,579$719
18 years$3,097$2,563$2,108$1,724$1,404$604
19 years$2,903$2,375$1,930$1,558$1,252$508
20 years$2,729$2,207$1,771$1,411$1,118$428
21 years$2,572$2,056$1,629$1,281$1,000$361
22 years$2,429$1,919$1,501$1,165$897$304
23 years$2,299$1,795$1,386$1,061$805$257
24 years$2,180$1,682$1,282$967$724$217
25 years$2,070$1,578$1,187$883$651$184
26 years$1,969$1,483$1,101$808$586$156
27 years$1,876$1,396$1,023$739$529$132
28 years$1,790$1,315$951$677$477$111
29 years$1,709$1,241$885$621$431$94
30 years$1,635$1,172$824$570$389$80
31 years$1,565$1,108$768$524$352$68
32 years$1,499$1,048$717$481$318$57
33 years$1,438$993$669$442$288$49
34 years$1,381$941$625$407$261$41
35 years$1,326$892$585$375$236$35
36 years$1,275$847$547$345$214$30
37 years$1,227$804$512$318$194$25
38 years$1,182$764$479$293$176$21
39 years$1,139$727$449$270$160$18
40 years$1,098$692$421$249$145$15
41 years$1,059$658$395$230$131$13
42 years$1,022$627$370$212$119$11
43 years$987$597$347$196$108$9
44 years$954$569$326$181$98$8
45 years$922$543$306$167$89$7
46 years$892$518$288$154$81$6
47 years$863$494$270$143$73$5
48 years$836$472$254$132$67$4
49 years$809$451$239$122$61$3
50 years$784$430$224$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $803,000, adding $6,970 every year, while hoping to spend $20,712 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: 35/46/19 Blend
60$803,000$803,000$803,000$803,000
61$892,096$849,537$837,090$917,927
62$961,052$869,126$843,095$957,044
63$1,036,348$888,982$848,607$996,794
64$1,118,607$909,095$853,588$1,039,251
65$1,208,519$929,454$857,997$1,084,668
66$1,306,840$950,049$861,792$1,133,322
67$1,414,404$970,868$864,928$1,185,522
68$1,532,128$991,895$867,358$1,241,605
69$1,661,025$1,013,118$869,034$1,301,944
70$1,802,206$1,034,517$869,903$1,366,950
71$1,956,898$1,056,076$869,912$1,437,077
72$2,126,451$1,077,773$869,004$1,512,824
73$2,312,352$1,099,586$867,118$1,594,743
74$2,516,238$1,121,493$864,193$1,683,441
75$2,739,914$1,143,465$860,163$1,779,589
76$2,985,365$1,165,475$854,959$1,883,926
77$3,254,781$1,187,492$848,509$1,997,266
78$3,550,572$1,209,483$840,737$2,120,509
79$3,875,394$1,231,410$831,565$2,254,647
80$4,232,171$1,253,237$820,909$2,400,771
81$4,624,127$1,274,919$808,684$2,560,089
82$5,054,810$1,296,413$794,797$2,733,929
83$5,528,132$1,317,669$779,155$2,923,758
84$6,048,402$1,338,635$761,657$3,131,193
85$6,620,366$1,359,255$742,199$3,358,017
86$7,249,254$1,379,468$720,673$3,606,198
87$7,940,827$1,399,211$696,964$3,877,903
88$8,701,433$1,418,414$670,954$4,175,525
89$9,538,066$1,437,003$642,518$4,501,701
90$10,458,431$1,454,900$611,526$4,859,339
91$11,471,020$1,472,019$577,841$5,251,648
92$12,585,187$1,488,270$541,321$5,682,163
93$13,811,238$1,503,557$501,817$6,154,784
94$15,160,531$1,517,778$459,175$6,673,812
95$16,645,579$1,530,824$413,231$7,243,990
96$18,280,170$1,542,576$363,816$7,870,544
97$20,079,497$1,552,912$310,754$8,559,241
98$22,060,300$1,561,699$253,858$9,316,437
99$24,241,025$1,568,796$192,936$10,149,141
100$26,641,996$1,574,054$127,787$11,065,081