Can I retire at age 61 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$66,476$65,884$65,306$64,742$64,192$62,640
2 years$32,909$32,296$31,702$31,126$30,568$29,013
3 years$21,721$21,106$20,513$19,943$19,393$17,885
4 years$16,129$15,515$14,928$14,368$13,831$12,382
5 years$12,774$12,164$11,585$11,036$10,514$9,126
6 years$10,538$9,933$9,362$8,825$8,320$6,995
7 years$8,942$8,342$7,780$7,256$6,766$5,505
8 years$7,745$7,150$6,598$6,087$5,613$4,415
9 years$6,815$6,226$5,683$5,185$4,727$3,591
10 years$6,071$5,488$4,955$4,469$4,028$2,952
11 years$5,463$4,885$4,362$3,889$3,464$2,448
12 years$4,956$4,385$3,871$3,412$3,002$2,043
13 years$4,528$3,963$3,459$3,012$2,618$1,715
14 years$4,162$3,602$3,108$2,674$2,295$1,445
15 years$3,844$3,290$2,806$2,384$2,020$1,223
16 years$3,566$3,019$2,544$2,135$1,786$1,037
17 years$3,322$2,780$2,315$1,918$1,583$882
18 years$3,105$2,569$2,113$1,729$1,408$752
19 years$2,910$2,381$1,934$1,562$1,255$642
20 years$2,736$2,213$1,775$1,415$1,121$549
21 years$2,578$2,061$1,633$1,284$1,003$470
22 years$2,435$1,924$1,505$1,167$899$403
23 years$2,305$1,799$1,390$1,063$807$346
24 years$2,185$1,686$1,285$970$725$297
25 years$2,075$1,582$1,190$886$653$255
26 years$1,974$1,487$1,104$810$588$220
27 years$1,881$1,399$1,025$741$530$189
28 years$1,794$1,319$953$679$478$163
29 years$1,714$1,244$887$623$432$140
30 years$1,639$1,175$826$572$390$120
31 years$1,569$1,110$770$525$353$104
32 years$1,503$1,051$719$482$319$89
33 years$1,442$995$671$444$289$77
34 years$1,384$943$627$408$261$66
35 years$1,330$895$586$376$237$57
36 years$1,279$849$548$346$215$49
37 years$1,230$806$513$319$194$43
38 years$1,185$766$481$294$176$37
39 years$1,141$729$450$271$160$32
40 years$1,101$693$422$250$145$27
41 years$1,062$660$396$231$132$24
42 years$1,025$629$371$213$119$20
43 years$990$599$348$196$108$18
44 years$956$571$327$181$98$15
45 years$925$544$307$168$89$13
46 years$894$519$288$155$81$11
47 years$865$496$271$143$74$10
48 years$838$473$255$132$67$8
49 years$811$452$239$122$61$7
50 years$786$432$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $805,000, adding $5,662 every year, while hoping to spend $34,450 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: 42/33/25 Blend
60$805,000$805,000$805,000$805,000
61$892,950$850,285$837,808$923,711
62$947,377$855,295$829,220$951,281
63$1,006,200$859,395$819,190$977,412
64$1,069,832$862,505$807,632$1,005,035
65$1,138,727$864,539$794,459$1,034,305
66$1,213,381$865,406$779,578$1,065,398
67$1,294,343$865,008$762,891$1,098,510
68$1,382,214$863,242$744,296$1,133,855
69$1,477,658$859,999$723,688$1,171,677
70$1,581,403$855,162$700,955$1,212,243
71$1,694,249$848,609$675,981$1,255,851
72$1,817,080$840,208$648,644$1,302,834
73$1,950,865$829,821$618,816$1,353,558
74$2,096,672$817,301$586,365$1,408,434
75$2,255,676$802,492$551,152$1,467,916
76$2,429,171$785,230$513,031$1,532,508
77$2,618,579$765,339$471,851$1,602,768
78$2,825,469$742,636$427,452$1,679,318
79$3,051,565$716,923$379,670$1,762,846
80$3,298,767$687,994$328,331$1,854,113
81$3,569,165$655,630$273,254$1,953,966
82$3,865,063$619,598$214,251$2,063,342
83$4,188,995$579,654$151,124$2,183,277
84$4,543,753$535,539$83,668$2,314,923
85$4,932,413$486,977$11,667$2,459,550
86$5,358,360$433,679$0$2,618,569
87$5,825,322$375,340$0$2,810,923
88$6,337,408$311,634$0$3,025,405
89$6,899,141$242,221$0$3,260,874
90$7,515,502$166,739$0$3,519,512
91$8,191,981$84,807$0$3,803,726
92$8,934,623$0$0$4,116,173
93$9,750,087$0$0$4,461,234
94$10,645,707$0$0$4,874,141
95$11,629,567$0$0$5,327,837
96$12,710,567$0$0$5,826,441
97$13,898,514$0$0$6,374,490
98$15,204,214$0$0$6,976,984
99$16,639,568$0$0$7,639,429
100$18,217,691$0$0$8,367,894