Can I retire at age 61 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$65,155$64,575$64,008$63,456$62,916$61,420
2 years$32,255$31,654$31,072$30,508$29,960$28,462
3 years$21,290$20,686$20,106$19,546$19,008$17,554
4 years$15,808$15,207$14,632$14,082$13,557$12,158
5 years$12,520$11,922$11,355$10,816$10,305$8,966
6 years$10,329$9,735$9,176$8,650$8,154$6,876
7 years$8,764$8,176$7,626$7,112$6,632$5,415
8 years$7,591$7,008$6,467$5,966$5,502$4,345
9 years$6,679$6,102$5,570$5,082$4,633$3,536
10 years$5,950$5,378$4,856$4,380$3,948$2,909
11 years$5,354$4,788$4,275$3,812$3,395$2,413
12 years$4,858$4,298$3,794$3,344$2,942$2,016
13 years$4,438$3,884$3,390$2,952$2,566$1,693
14 years$4,079$3,530$3,046$2,621$2,249$1,428
15 years$3,768$3,225$2,750$2,337$1,980$1,209
16 years$3,496$2,959$2,493$2,093$1,750$1,026
17 years$3,256$2,725$2,269$1,880$1,552$874
18 years$3,043$2,518$2,071$1,694$1,380$745
19 years$2,853$2,334$1,896$1,531$1,230$637
20 years$2,682$2,169$1,740$1,387$1,098$545
21 years$2,527$2,020$1,600$1,258$983$467
22 years$2,387$1,885$1,475$1,144$881$401
23 years$2,259$1,763$1,362$1,042$791$344
24 years$2,142$1,652$1,260$950$711$296
25 years$2,034$1,551$1,167$868$640$254
26 years$1,935$1,457$1,082$794$576$219
27 years$1,843$1,371$1,005$726$520$188
28 years$1,759$1,292$934$666$469$162
29 years$1,680$1,219$869$610$423$140
30 years$1,606$1,151$810$560$382$121
31 years$1,537$1,088$755$514$346$104
32 years$1,473$1,030$704$473$313$90
33 years$1,413$975$658$435$283$77
34 years$1,356$924$614$400$256$67
35 years$1,303$877$574$368$232$58
36 years$1,253$832$537$339$210$50
37 years$1,206$790$503$312$191$43
38 years$1,161$751$471$288$173$37
39 years$1,119$714$441$266$157$32
40 years$1,079$680$414$245$142$28
41 years$1,041$647$388$226$129$24
42 years$1,005$616$364$209$117$21
43 years$970$587$341$193$106$18
44 years$937$560$320$178$96$15
45 years$906$534$301$164$88$13
46 years$877$509$283$152$79$11
47 years$848$486$265$140$72$10
48 years$821$464$249$129$66$8
49 years$795$443$234$120$60$7
50 years$770$423$220$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $789,000, adding $2,538 every year, while hoping to spend $32,443 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: 58/26/16 Blend
60$789,000$789,000$789,000$789,000
61$872,096$830,279$818,049$918,930
62$926,531$836,444$810,935$957,096
63$985,430$841,823$802,495$994,898
64$1,049,216$846,344$792,650$1,035,359
65$1,118,351$849,930$781,319$1,078,741
66$1,193,345$852,498$768,415$1,125,333
67$1,274,756$853,961$753,848$1,175,453
68$1,363,203$854,226$737,522$1,229,455
69$1,459,360$853,194$719,341$1,287,729
70$1,563,975$850,761$699,199$1,350,705
71$1,677,867$846,815$676,988$1,418,859
72$1,801,939$841,238$652,597$1,492,717
73$1,937,183$833,905$625,905$1,572,860
74$2,084,693$824,684$596,790$1,659,931
75$2,245,671$813,433$565,122$1,754,639
76$2,421,442$800,003$530,766$1,857,766
77$2,613,462$784,237$493,580$1,970,178
78$2,823,337$765,966$453,417$2,092,831
79$3,052,834$745,015$410,122$2,226,781
80$3,303,897$721,194$363,535$2,373,192
81$3,578,668$694,306$313,487$2,533,352
82$3,879,506$664,141$259,802$2,708,682
83$4,209,007$630,475$202,297$2,900,752
84$4,570,031$593,075$140,780$3,111,292
85$4,965,729$551,690$75,051$3,342,216
86$5,399,569$506,058$4,901$3,595,636
87$5,875,372$455,902$0$3,873,880
88$6,397,346$400,927$0$4,191,465
89$6,970,126$340,823$0$4,540,955
90$7,598,817$275,261$0$4,924,687
91$8,289,043$203,896$0$5,346,160
92$9,046,999$126,361$0$5,809,233
93$9,879,510$42,270$0$6,318,163
94$10,794,094$0$0$6,877,643
95$11,799,031$0$0$7,506,806
96$12,903,446$0$0$8,211,612
97$14,117,390$0$0$8,986,390
98$15,451,936$0$0$9,838,217
99$16,919,286$0$0$10,774,890
100$18,532,880$0$0$11,804,999