Can I retire at age 61 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$65,650$65,066$64,495$63,938$63,394$62,969
2 years$32,500$31,895$31,308$30,740$30,188$29,758
3 years$21,452$20,844$20,259$19,695$19,152$18,733
4 years$15,928$15,322$14,743$14,189$13,660$13,253
5 years$12,615$12,013$11,441$10,899$10,384$9,991
6 years$10,407$9,809$9,246$8,716$8,216$7,838
7 years$8,831$8,238$7,684$7,166$6,682$6,319
8 years$7,649$7,061$6,516$6,011$5,543$5,195
9 years$6,730$6,148$5,613$5,120$4,668$4,334
10 years$5,996$5,419$4,893$4,414$3,978$3,658
11 years$5,395$4,825$4,308$3,841$3,421$3,116
12 years$4,895$4,330$3,823$3,369$2,965$2,673
13 years$4,472$3,913$3,416$2,975$2,585$2,308
14 years$4,110$3,557$3,069$2,640$2,266$2,002
15 years$3,796$3,249$2,771$2,355$1,995$1,744
16 years$3,522$2,981$2,512$2,108$1,763$1,525
17 years$3,281$2,746$2,286$1,894$1,564$1,338
18 years$3,066$2,537$2,087$1,707$1,390$1,176
19 years$2,874$2,351$1,910$1,543$1,239$1,037
20 years$2,702$2,185$1,753$1,397$1,107$915
21 years$2,546$2,035$1,613$1,268$990$810
22 years$2,405$1,900$1,486$1,153$888$717
23 years$2,276$1,777$1,372$1,050$797$636
24 years$2,158$1,665$1,269$958$716$565
25 years$2,050$1,562$1,176$875$645$502
26 years$1,950$1,468$1,090$800$581$447
27 years$1,857$1,382$1,012$732$523$398
28 years$1,772$1,302$941$671$472$354
29 years$1,692$1,228$876$615$427$316
30 years$1,618$1,160$816$564$385$282
31 years$1,549$1,097$761$518$348$252
32 years$1,484$1,038$710$476$315$225
33 years$1,424$983$663$438$285$201
34 years$1,367$931$619$403$258$179
35 years$1,313$883$579$371$234$160
36 years$1,263$838$541$342$212$143
37 years$1,215$796$507$315$192$128
38 years$1,170$757$475$290$174$115
39 years$1,127$720$445$268$158$103
40 years$1,087$685$417$247$143$92
41 years$1,049$652$391$228$130$82
42 years$1,012$621$367$210$118$73
43 years$978$591$344$194$107$66
44 years$945$564$323$179$97$59
45 years$913$538$303$165$88$53
46 years$883$513$285$153$80$47
47 years$855$489$268$141$73$42
48 years$827$467$251$130$66$38
49 years$801$446$236$121$60$34
50 years$776$426$222$111$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $795,000, adding $5,633 every year, while hoping to spend $44,662 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: 46/25/29 Blend
60$795,000$795,000$795,000$795,000
61$881,900$839,765$827,443$914,878
62$924,334$833,394$807,642$932,457
63$969,599$825,213$785,681$946,779
64$1,017,938$815,088$761,441$961,468
65$1,069,614$802,874$734,795$976,584
66$1,124,918$788,418$705,615$992,195
67$1,184,168$771,559$673,762$1,008,379
68$1,247,715$752,127$639,094$1,025,226
69$1,315,939$729,939$601,461$1,042,837
70$1,389,263$704,804$560,708$1,061,328
71$1,468,148$676,519$516,672$1,080,832
72$1,553,100$644,870$469,181$1,101,499
73$1,644,676$609,628$418,059$1,123,497
74$1,743,487$570,554$363,118$1,147,018
75$1,850,205$527,394$304,165$1,172,277
76$1,965,569$479,878$240,997$1,199,518
77$2,090,388$427,724$173,401$1,229,014
78$2,225,556$370,630$101,158$1,261,072
79$2,372,052$308,280$24,036$1,296,037
80$2,530,954$240,339$0$1,334,296
81$2,703,449$166,453$0$1,394,311
82$2,890,839$86,248$0$1,467,646
83$3,094,560$0$0$1,547,480
84$3,316,190$0$0$1,634,686
85$3,557,464$0$0$1,755,532
86$3,820,294$0$0$1,887,260
87$4,106,781$0$0$2,030,932
88$4,419,240$0$0$2,187,721
89$4,760,216$0$0$2,358,916
90$5,132,515$0$0$2,545,936
91$5,539,220$0$0$2,750,344
92$5,983,730$0$0$2,973,861
93$6,469,784$0$0$3,218,380
94$7,001,500$0$0$3,485,987
95$7,583,414$0$0$3,778,980
96$8,220,517$0$0$4,099,886
97$8,918,308$0$0$4,451,491
98$9,682,842$0$0$4,836,863
99$10,520,786$0$0$5,259,380
100$11,439,485$0$0$5,722,761