Can I retire at age 61 with 803,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$66,311$65,720$65,144$64,582$64,032$63,285
2 years$32,827$32,216$31,623$31,049$30,492$29,739
3 years$21,667$21,053$20,462$19,893$19,345$18,611
4 years$16,089$15,476$14,891$14,332$13,797$13,087
5 years$12,742$12,134$11,556$11,008$10,488$9,805
6 years$10,512$9,908$9,339$8,803$8,299$7,642
7 years$8,920$8,321$7,761$7,238$6,749$6,120
8 years$7,726$7,132$6,582$6,072$5,599$4,997
9 years$6,798$6,210$5,669$5,172$4,715$4,140
10 years$6,056$5,474$4,942$4,458$4,018$3,469
11 years$5,449$4,873$4,351$3,880$3,455$2,933
12 years$4,944$4,374$3,862$3,403$2,994$2,498
13 years$4,517$3,953$3,450$3,004$2,611$2,139
14 years$4,151$3,593$3,100$2,667$2,289$1,841
15 years$3,834$3,282$2,799$2,379$2,015$1,591
16 years$3,558$3,011$2,538$2,130$1,781$1,380
17 years$3,314$2,773$2,309$1,914$1,579$1,200
18 years$3,097$2,563$2,108$1,724$1,404$1,046
19 years$2,903$2,375$1,930$1,558$1,252$914
20 years$2,729$2,207$1,771$1,411$1,118$800
21 years$2,572$2,056$1,629$1,281$1,000$702
22 years$2,429$1,919$1,501$1,165$897$616
23 years$2,299$1,795$1,386$1,061$805$541
24 years$2,180$1,682$1,282$967$724$476
25 years$2,070$1,578$1,187$883$651$419
26 years$1,969$1,483$1,101$808$586$370
27 years$1,876$1,396$1,023$739$529$326
28 years$1,790$1,315$951$677$477$288
29 years$1,709$1,241$885$621$431$254
30 years$1,635$1,172$824$570$389$224
31 years$1,565$1,108$768$524$352$198
32 years$1,499$1,048$717$481$318$175
33 years$1,438$993$669$442$288$155
34 years$1,381$941$625$407$261$137
35 years$1,326$892$585$375$236$121
36 years$1,275$847$547$345$214$107
37 years$1,227$804$512$318$194$95
38 years$1,182$764$479$293$176$84
39 years$1,139$727$449$270$160$75
40 years$1,098$692$421$249$145$66
41 years$1,059$658$395$230$131$58
42 years$1,022$627$370$212$119$52
43 years$987$597$347$196$108$46
44 years$954$569$326$181$98$41
45 years$922$543$306$167$89$36
46 years$892$518$288$154$81$32
47 years$863$494$270$143$73$28
48 years$836$472$254$132$67$25
49 years$809$451$239$122$61$22
50 years$784$430$224$113$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $803,000, adding $2,698 every year, while hoping to spend $29,665 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: 57/26/17 Blend
60$803,000$803,000$803,000$803,000
61$887,689$845,130$832,683$934,179
62$946,670$854,978$829,015$975,899
63$1,010,673$864,314$824,229$1,017,883
64$1,080,178$873,083$818,258$1,062,963
65$1,155,715$881,223$811,029$1,111,442
66$1,237,866$888,670$802,466$1,163,655
67$1,327,271$895,357$792,491$1,219,971
68$1,424,634$901,211$781,020$1,280,798
69$1,530,730$906,154$767,968$1,346,588
70$1,646,412$910,104$753,243$1,417,838
71$1,772,621$912,973$736,751$1,495,097
72$1,910,388$914,669$718,392$1,578,971
73$2,060,851$915,091$698,062$1,670,131
74$2,225,263$914,136$675,653$1,769,314
75$2,405,003$911,692$651,050$1,877,337
76$2,601,589$907,640$624,135$1,995,100
77$2,816,691$901,854$594,784$2,123,597
78$3,052,150$894,202$562,866$2,263,925
79$3,309,993$884,542$528,246$2,417,294
80$3,592,452$872,724$490,782$2,585,041
81$3,901,984$858,589$450,325$2,768,641
82$4,241,296$841,970$406,720$2,969,719
83$4,613,369$822,687$359,806$3,190,073
84$5,021,486$800,552$309,413$3,431,683
85$5,469,265$775,366$255,365$3,696,736
86$5,960,687$746,917$197,478$3,987,644
87$6,500,142$714,981$135,558$4,307,068
88$7,092,463$679,321$69,405$4,657,945
89$7,742,973$639,686$0$5,043,514
90$8,457,539$595,813$0$5,467,565
91$9,242,620$547,421$0$5,947,272
92$10,105,336$494,213$0$6,474,425
93$11,053,528$435,877$0$7,053,862
94$12,095,835$372,082$0$7,690,919
95$13,241,776$302,480$0$8,391,481
96$14,501,835$226,699$0$9,162,032
97$15,887,566$144,352$0$10,009,723
98$17,411,699$55,025$0$10,942,437
99$19,088,256$0$0$11,968,864
100$20,932,689$0$0$13,110,518