Can I retire at age 61 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$66,063$65,475$64,901$64,340$63,793$61,702
2 years$32,705$32,095$31,505$30,933$30,378$28,291
3 years$21,586$20,975$20,386$19,819$19,273$17,256
4 years$16,029$15,419$14,836$14,278$13,746$11,814
5 years$12,695$12,088$11,513$10,967$10,449$8,608
6 years$10,473$9,871$9,304$8,771$8,268$6,518
7 years$8,886$8,290$7,732$7,211$6,724$5,066
8 years$7,697$7,106$6,557$6,049$5,578$4,011
9 years$6,773$6,187$5,648$5,152$4,698$3,219
10 years$6,033$5,453$4,924$4,441$4,003$2,610
11 years$5,429$4,855$4,335$3,865$3,442$2,134
12 years$4,926$4,357$3,847$3,390$2,983$1,755
13 years$4,500$3,938$3,437$2,993$2,601$1,451
14 years$4,136$3,579$3,088$2,657$2,280$1,205
15 years$3,820$3,270$2,788$2,370$2,008$1,004
16 years$3,544$3,000$2,528$2,122$1,775$838
17 years$3,301$2,763$2,300$1,906$1,573$702
18 years$3,085$2,553$2,100$1,718$1,399$589
19 years$2,892$2,366$1,922$1,552$1,247$494
20 years$2,719$2,199$1,764$1,406$1,114$416
21 years$2,562$2,048$1,623$1,276$997$350
22 years$2,420$1,912$1,496$1,160$893$295
23 years$2,290$1,788$1,381$1,057$802$249
24 years$2,172$1,675$1,277$964$721$210
25 years$2,063$1,572$1,183$880$649$177
26 years$1,962$1,478$1,097$805$584$150
27 years$1,869$1,391$1,019$737$527$127
28 years$1,783$1,310$947$675$475$107
29 years$1,703$1,236$881$619$429$90
30 years$1,628$1,167$821$568$388$76
31 years$1,559$1,104$765$522$351$65
32 years$1,494$1,044$714$479$317$55
33 years$1,433$989$667$441$287$46
34 years$1,375$937$623$406$260$39
35 years$1,321$889$582$373$235$33
36 years$1,271$844$545$344$213$28
37 years$1,223$801$510$317$193$24
38 years$1,177$762$478$292$175$20
39 years$1,134$724$447$269$159$17
40 years$1,094$689$419$248$144$14
41 years$1,055$656$393$229$131$12
42 years$1,019$625$369$211$119$10
43 years$984$595$346$195$108$9
44 years$951$567$325$180$98$7
45 years$919$541$305$166$89$6
46 years$889$516$287$154$81$5
47 years$860$492$269$142$73$4
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $800,000, adding $3,641 every year, while hoping to spend $21,043 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: 52/18/30 Blend
60$800,000$800,000$800,000$800,000
61$885,356$842,956$830,556$923,755
62$953,272$861,871$835,990$969,810
63$1,027,411$881,008$840,901$1,017,482
64$1,108,385$900,355$845,248$1,068,936
65$1,196,867$919,899$848,991$1,124,545
66$1,293,601$939,628$852,086$1,184,718
67$1,399,403$959,524$854,485$1,249,905
68$1,515,174$979,572$856,142$1,320,604
69$1,641,903$999,753$857,004$1,397,364
70$1,780,682$1,020,046$857,019$1,480,790
71$1,932,714$1,040,430$856,131$1,571,548
72$2,099,320$1,060,880$854,281$1,670,375
73$2,281,958$1,081,371$851,407$1,778,081
74$2,482,233$1,101,873$847,444$1,895,560
75$2,701,913$1,122,357$842,326$2,023,800
76$2,942,944$1,142,790$835,980$2,163,888
77$3,207,473$1,163,134$828,334$2,317,022
78$3,497,860$1,183,353$819,308$2,484,525
79$3,816,708$1,203,403$808,821$2,667,856
80$4,166,884$1,223,242$796,788$2,868,621
81$4,551,545$1,242,820$783,119$3,088,595
82$4,974,170$1,262,086$767,722$3,329,731
83$5,438,592$1,280,984$750,497$3,594,186
84$5,949,032$1,299,456$731,342$3,884,334
85$6,510,141$1,317,437$710,150$4,202,797
86$7,127,044$1,334,860$686,809$4,552,464
87$7,805,387$1,351,653$661,201$4,936,520
88$8,551,389$1,367,737$633,204$5,358,475
89$9,371,904$1,383,029$602,690$5,822,203
90$10,274,483$1,397,441$569,524$6,331,972
91$11,267,443$1,410,879$533,566$6,892,487
92$12,359,951$1,423,242$494,670$7,508,938
93$13,562,108$1,434,422$452,682$8,187,043
94$14,885,039$1,444,305$407,444$8,933,108
95$16,341,007$1,452,770$358,787$9,754,085
96$17,943,521$1,459,687$306,538$10,657,637
97$19,707,467$1,464,918$250,513$11,652,212
98$21,649,247$1,468,318$190,524$12,747,122
99$23,786,935$1,469,730$126,371$13,952,633
100$26,140,445$1,468,989$57,847$15,280,063