Can I retire at age 61 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$66,394$65,802$65,225$64,662$64,112$63,285
2 years$32,868$32,256$31,663$31,088$30,530$29,697
3 years$21,694$21,080$20,488$19,918$19,369$18,558
4 years$16,109$15,496$14,910$14,350$13,814$13,030
5 years$12,758$12,149$11,571$11,022$10,501$9,746
6 years$10,525$9,920$9,351$8,814$8,309$7,585
7 years$8,931$8,331$7,771$7,247$6,758$6,064
8 years$7,736$7,141$6,590$6,079$5,606$4,943
9 years$6,806$6,218$5,676$5,178$4,721$4,088
10 years$6,063$5,481$4,949$4,464$4,023$3,419
11 years$5,456$4,879$4,357$3,885$3,460$2,885
12 years$4,950$4,379$3,866$3,407$2,998$2,452
13 years$4,523$3,958$3,454$3,008$2,614$2,096
14 years$4,156$3,597$3,104$2,670$2,292$1,801
15 years$3,839$3,286$2,802$2,381$2,018$1,553
16 years$3,562$3,015$2,541$2,132$1,783$1,344
17 years$3,318$2,777$2,312$1,916$1,581$1,166
18 years$3,101$2,566$2,110$1,727$1,406$1,015
19 years$2,907$2,378$1,932$1,560$1,253$885
20 years$2,733$2,210$1,773$1,413$1,119$773
21 years$2,575$2,058$1,631$1,282$1,002$676
22 years$2,432$1,921$1,503$1,166$898$592
23 years$2,302$1,797$1,388$1,062$806$519
24 years$2,182$1,684$1,284$969$724$456
25 years$2,073$1,580$1,189$884$652$400
26 years$1,972$1,485$1,103$809$587$352
27 years$1,878$1,398$1,024$740$529$310
28 years$1,792$1,317$952$678$478$273
29 years$1,712$1,242$886$622$431$240
30 years$1,637$1,173$825$571$390$212
31 years$1,567$1,109$769$524$352$187
32 years$1,501$1,049$718$482$319$165
33 years$1,440$994$670$443$288$145
34 years$1,382$942$626$408$261$128
35 years$1,328$893$585$375$237$113
36 years$1,277$848$548$346$214$100
37 years$1,229$805$513$318$194$88
38 years$1,183$765$480$293$176$78
39 years$1,140$728$450$271$160$69
40 years$1,099$692$421$250$145$61
41 years$1,060$659$395$230$131$54
42 years$1,024$628$371$213$119$47
43 years$989$598$348$196$108$42
44 years$955$570$327$181$98$37
45 years$924$544$307$167$89$33
46 years$893$519$288$155$81$29
47 years$864$495$271$143$74$26
48 years$837$473$254$132$67$23
49 years$810$451$239$122$61$20
50 years$785$431$225$113$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $804,000, adding $3,376 every year, while hoping to spend $27,805 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: 36/41/23 Blend
60$804,000$804,000$804,000$804,000
61$889,490$846,878$834,416$915,233
62$950,634$858,791$832,785$946,359
63$1,017,083$870,356$830,167$977,132
64$1,089,347$881,526$826,500$1,009,795
65$1,167,992$892,251$821,719$1,044,536
66$1,253,635$902,480$815,755$1,081,559
67$1,346,959$912,155$808,536$1,121,096
68$1,448,714$921,215$799,987$1,163,399
69$1,559,725$929,597$790,029$1,208,750
70$1,680,902$937,232$778,579$1,257,460
71$1,813,244$944,047$765,552$1,309,874
72$1,957,854$949,963$750,856$1,366,374
73$2,115,942$954,899$734,398$1,427,384
74$2,288,845$958,766$716,077$1,493,371
75$2,478,032$961,470$695,790$1,564,853
76$2,685,122$962,912$673,429$1,642,404
77$2,911,895$962,987$648,880$1,726,659
78$3,160,316$961,580$622,025$1,818,320
79$3,432,545$958,575$592,740$1,918,164
80$3,730,963$953,843$560,895$2,027,049
81$4,058,191$947,251$526,354$2,145,926
82$4,417,115$938,655$488,977$2,275,845
83$4,810,918$927,906$448,614$2,417,969
84$5,243,101$914,843$405,112$2,573,581
85$5,717,522$899,295$358,308$2,744,100
86$6,238,433$881,084$308,035$2,931,096
87$6,810,516$860,020$254,117$3,136,303
88$7,438,927$835,899$196,368$3,361,635
89$8,129,348$808,509$134,597$3,609,211
90$8,888,040$777,625$68,605$3,881,368
91$9,721,898$743,006$0$4,180,690
92$10,638,518$704,400$0$4,510,477
93$11,646,271$661,539$0$4,891,429
94$12,754,377$614,141$0$5,310,229
95$13,972,995$561,906$0$5,770,778
96$15,313,320$504,518$0$6,277,381
97$16,787,682$441,644$0$6,834,785
98$18,409,671$372,929$0$7,448,229
99$20,194,256$298,001$0$8,123,491
100$22,157,932$216,465$0$8,866,945