Can I retire at age 61 with 805,000?

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 $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%19%
1 years$66,476$65,884$65,306$64,742$64,192$61,865
2 years$32,909$32,296$31,702$31,126$30,568$28,249
3 years$21,721$21,106$20,513$19,943$19,393$17,156
4 years$16,129$15,515$14,928$14,368$13,831$11,692
5 years$12,774$12,164$11,585$11,036$10,514$8,479
6 years$10,538$9,933$9,362$8,825$8,320$6,389
7 years$8,942$8,342$7,780$7,256$6,766$4,940
8 years$7,745$7,150$6,598$6,087$5,613$3,890
9 years$6,815$6,226$5,683$5,185$4,727$3,105
10 years$6,071$5,488$4,955$4,469$4,028$2,504
11 years$5,463$4,885$4,362$3,889$3,464$2,035
12 years$4,956$4,385$3,871$3,412$3,002$1,664
13 years$4,528$3,963$3,459$3,012$2,618$1,367
14 years$4,162$3,602$3,108$2,674$2,295$1,128
15 years$3,844$3,290$2,806$2,384$2,020$934
16 years$3,566$3,019$2,544$2,135$1,786$775
17 years$3,322$2,780$2,315$1,918$1,583$644
18 years$3,105$2,569$2,113$1,729$1,408$537
19 years$2,910$2,381$1,934$1,562$1,255$448
20 years$2,736$2,213$1,775$1,415$1,121$374
21 years$2,578$2,061$1,633$1,284$1,003$313
22 years$2,435$1,924$1,505$1,167$899$262
23 years$2,305$1,799$1,390$1,063$807$219
24 years$2,185$1,686$1,285$970$725$184
25 years$2,075$1,582$1,190$886$653$154
26 years$1,974$1,487$1,104$810$588$129
27 years$1,881$1,399$1,025$741$530$108
28 years$1,794$1,319$953$679$478$91
29 years$1,714$1,244$887$623$432$76
30 years$1,639$1,175$826$572$390$64
31 years$1,569$1,110$770$525$353$54
32 years$1,503$1,051$719$482$319$45
33 years$1,442$995$671$444$289$38
34 years$1,384$943$627$408$261$32
35 years$1,330$895$586$376$237$27
36 years$1,279$849$548$346$215$22
37 years$1,230$806$513$319$194$19
38 years$1,185$766$481$294$176$16
39 years$1,141$729$450$271$160$13
40 years$1,101$693$422$250$145$11
41 years$1,062$660$396$231$132$9
42 years$1,025$629$371$213$119$8
43 years$990$599$348$196$108$7
44 years$956$571$327$181$98$6
45 years$925$544$307$168$89$5
46 years$894$519$288$155$81$4
47 years$865$496$271$143$74$3
48 years$838$473$255$132$67$3
49 years$811$452$239$122$61$2
50 years$786$432$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $805,000, adding $6,942 every year, while hoping to spend $31,194 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: 58/24/18 Blend
60$805,000$805,000$805,000$805,000
61$894,271$851,606$839,128$941,534
62$952,296$860,144$834,049$982,932
63$1,015,195$868,056$827,754$1,024,035
64$1,083,430$875,276$820,169$1,068,138
65$1,157,514$881,738$811,219$1,115,537
66$1,238,006$887,370$800,821$1,166,556
67$1,325,525$892,093$788,891$1,221,556
68$1,420,751$895,827$775,340$1,280,933
69$1,524,430$898,485$760,076$1,345,127
70$1,637,385$899,974$743,002$1,414,622
71$1,760,521$900,197$724,016$1,489,953
72$1,894,836$899,047$703,012$1,571,712
73$2,041,425$896,416$679,879$1,660,549
74$2,201,495$892,186$654,500$1,757,187
75$2,376,376$886,231$626,754$1,862,419
76$2,567,530$878,420$596,513$1,977,126
77$2,776,568$868,612$563,646$2,102,275
78$3,005,263$856,659$528,013$2,238,937
79$3,255,567$842,403$489,469$2,388,295
80$3,529,631$825,677$447,863$2,551,651
81$3,829,823$806,305$403,035$2,730,445
82$4,158,749$784,098$354,822$2,926,267
83$4,519,282$758,859$303,049$3,140,869
84$4,914,584$730,379$247,536$3,376,188
85$5,348,138$698,434$188,095$3,634,357
86$5,823,781$662,790$124,529$3,917,735
87$6,345,740$623,200$56,634$4,228,921
88$6,918,667$579,399$0$4,570,784
89$7,547,692$531,110$0$4,949,531
90$8,238,462$478,039$0$5,377,419
91$8,997,198$419,877$0$5,847,458
92$9,830,756$356,294$0$6,363,947
93$10,746,686$286,946$0$6,931,624
94$11,753,307$211,464$0$7,555,715
95$12,859,782$129,464$0$8,241,977
96$14,076,208$40,536$0$8,996,762
97$15,413,708$0$0$9,827,071
98$16,884,538$0$0$10,755,344
99$18,502,200$0$0$11,788,136
100$20,281,569$0$0$12,924,249