Can I retire at age 61 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$66,559$65,966$65,387$64,823$64,272$62,264
2 years$32,950$32,336$31,741$31,165$30,606$28,601
3 years$21,748$21,132$20,539$19,968$19,417$17,478
4 years$16,149$15,534$14,947$14,386$13,849$11,990
5 years$12,790$12,179$11,599$11,049$10,528$8,755
6 years$10,551$9,945$9,374$8,836$8,330$6,644
7 years$8,953$8,352$7,790$7,265$6,775$5,176
8 years$7,755$7,159$6,606$6,094$5,620$4,107
9 years$6,823$6,233$5,690$5,191$4,733$3,305
10 years$6,079$5,494$4,961$4,475$4,033$2,686
11 years$5,470$4,891$4,367$3,894$3,468$2,202
12 years$4,963$4,390$3,876$3,416$3,006$1,816
13 years$4,534$3,967$3,463$3,016$2,621$1,506
14 years$4,167$3,606$3,111$2,677$2,297$1,253
15 years$3,849$3,294$2,809$2,387$2,023$1,047
16 years$3,571$3,023$2,547$2,138$1,788$877
17 years$3,326$2,784$2,318$1,921$1,585$736
18 years$3,108$2,572$2,116$1,731$1,409$619
19 years$2,914$2,384$1,937$1,564$1,256$522
20 years$2,739$2,215$1,778$1,417$1,122$440
21 years$2,581$2,063$1,635$1,286$1,004$372
22 years$2,438$1,926$1,507$1,169$900$314
23 years$2,307$1,801$1,391$1,065$808$266
24 years$2,188$1,688$1,287$971$726$225
25 years$2,078$1,584$1,192$887$654$191
26 years$1,977$1,489$1,105$811$589$162
27 years$1,883$1,401$1,026$742$531$137
28 years$1,796$1,320$954$680$479$116
29 years$1,716$1,245$888$624$432$99
30 years$1,641$1,176$827$572$391$84
31 years$1,571$1,112$771$526$353$71
32 years$1,505$1,052$719$483$320$60
33 years$1,443$996$672$444$289$51
34 years$1,386$944$628$409$262$43
35 years$1,331$896$587$376$237$37
36 years$1,280$850$549$346$215$31
37 years$1,232$807$514$319$195$27
38 years$1,186$767$481$294$177$23
39 years$1,143$730$451$271$160$19
40 years$1,102$694$423$250$145$16
41 years$1,063$661$396$231$132$14
42 years$1,026$629$372$213$120$12
43 years$991$600$349$197$108$10
44 years$958$572$327$182$98$8
45 years$926$545$307$168$89$7
46 years$895$520$289$155$81$6
47 years$866$496$271$143$74$5
48 years$839$474$255$132$67$4
49 years$812$452$240$122$61$4
50 years$787$432$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $806,000, adding $3,208 every year, while hoping to spend $43,027 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: 50/45/5 Blend
60$806,000$806,000$806,000$806,000
61$891,521$848,803$836,310$934,875
62$936,676$844,614$818,546$960,528
63$984,994$838,778$798,745$983,481
64$1,036,754$831,168$776,793$1,007,385
65$1,092,258$821,651$752,571$1,032,338
66$1,151,842$810,084$725,955$1,058,452
67$1,215,870$796,319$696,815$1,085,849
68$1,284,745$780,195$665,015$1,114,671
69$1,358,908$761,544$630,412$1,145,072
70$1,438,845$740,187$592,859$1,177,229
71$1,525,086$715,936$552,199$1,211,337
72$1,618,218$688,590$508,271$1,247,617
73$1,718,883$657,937$460,904$1,286,313
74$1,827,787$623,755$409,923$1,327,700
75$1,945,708$585,805$355,141$1,372,086
76$2,073,497$543,837$296,366$1,419,811
77$2,212,096$497,586$233,396$1,471,259
78$2,362,535$446,773$166,020$1,526,854
79$2,525,950$391,102$94,019$1,587,073
80$2,703,590$330,259$17,162$1,652,443
81$2,896,830$263,915$0$1,723,553
82$3,107,180$191,721$0$1,804,520
83$3,336,305$113,307$0$1,893,815
84$3,586,034$28,285$0$1,991,345
85$3,858,382$0$0$2,098,026
86$4,155,568$0$0$2,246,448
87$4,480,030$0$0$2,423,864
88$4,834,456$0$0$2,617,746
89$5,221,804$0$0$2,829,725
90$5,645,330$0$0$3,061,592
91$6,108,619$0$0$3,315,321
92$6,615,618$0$0$3,593,086
93$7,170,675$0$0$3,897,280
94$7,778,576$0$0$4,230,540
95$8,444,592$0$0$4,595,768
96$9,174,529$0$0$4,996,162
97$9,974,780$0$0$5,435,241
98$10,852,387$0$0$5,916,885
99$11,815,105$0$0$6,445,366
100$12,871,477$0$0$7,025,387