Can I retire at age 61 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$66,146$65,557$64,982$64,421$63,873$62,303
2 years$32,745$32,136$31,545$30,972$30,416$28,844
3 years$21,613$21,001$20,411$19,844$19,297$17,773
4 years$16,049$15,438$14,854$14,296$13,763$12,297
5 years$12,710$12,104$11,528$10,981$10,462$9,060
6 years$10,486$9,883$9,316$8,782$8,278$6,940
7 years$8,897$8,300$7,742$7,220$6,733$5,459
8 years$7,707$7,115$6,565$6,056$5,585$4,375
9 years$6,781$6,195$5,655$5,159$4,704$3,556
10 years$6,041$5,460$4,930$4,447$4,008$2,922
11 years$5,436$4,861$4,340$3,870$3,447$2,421
12 years$4,932$4,363$3,852$3,395$2,987$2,020
13 years$4,506$3,943$3,441$2,997$2,605$1,694
14 years$4,141$3,584$3,092$2,660$2,283$1,427
15 years$3,825$3,274$2,792$2,373$2,010$1,206
16 years$3,549$3,004$2,531$2,124$1,777$1,023
17 years$3,305$2,766$2,303$1,909$1,575$869
18 years$3,089$2,556$2,103$1,720$1,401$740
19 years$2,896$2,369$1,925$1,554$1,249$632
20 years$2,722$2,202$1,767$1,408$1,115$540
21 years$2,565$2,051$1,625$1,278$998$462
22 years$2,423$1,914$1,498$1,162$895$396
23 years$2,293$1,790$1,383$1,058$803$339
24 years$2,174$1,677$1,279$965$722$291
25 years$2,065$1,574$1,184$881$649$250
26 years$1,964$1,479$1,098$806$585$215
27 years$1,871$1,392$1,020$737$527$185
28 years$1,785$1,312$948$676$476$159
29 years$1,705$1,238$882$620$430$137
30 years$1,630$1,169$822$569$388$117
31 years$1,561$1,105$766$522$351$101
32 years$1,496$1,046$715$480$318$87
33 years$1,434$990$668$441$287$75
34 years$1,377$938$624$406$260$65
35 years$1,323$890$583$374$236$56
36 years$1,272$845$546$344$214$48
37 years$1,224$802$511$317$194$41
38 years$1,179$763$478$292$175$36
39 years$1,136$725$448$270$159$31
40 years$1,095$690$420$249$144$26
41 years$1,056$657$394$229$131$23
42 years$1,020$625$369$212$119$20
43 years$985$596$347$195$108$17
44 years$952$568$325$180$98$15
45 years$920$542$305$167$89$13
46 years$890$517$287$154$81$11
47 years$861$493$270$142$73$9
48 years$834$471$253$131$67$8
49 years$807$450$238$121$60$7
50 years$782$429$224$112$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $801,000, adding $5,809 every year, while hoping to spend $59,031 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: 70/6/24 Blend
60$801,000$801,000$801,000$801,000
61$888,694$846,241$833,825$945,129
62$916,532$824,898$798,950$962,278
63$945,232$800,531$760,928$973,615
64$974,817$772,930$719,591$984,615
65$1,005,316$741,870$674,765$995,241
66$1,036,754$707,118$626,265$1,005,454
67$1,069,159$668,422$573,901$1,015,212
68$1,102,559$625,521$517,472$1,024,470
69$1,136,982$578,134$456,770$1,033,182
70$1,172,459$525,967$391,576$1,041,297
71$1,209,018$468,708$321,663$1,048,762
72$1,246,691$406,028$246,792$1,055,523
73$1,285,509$337,578$166,715$1,061,519
74$1,325,503$262,992$81,172$1,066,687
75$1,366,707$181,881$0$1,070,962
76$1,409,152$93,834$0$1,076,863
77$1,452,872$0$0$1,104,078
78$1,497,902$0$0$1,131,898
79$1,544,274$0$0$1,166,927
80$1,592,025$0$0$1,202,996
81$1,641,189$0$0$1,240,130
82$1,691,801$0$0$1,278,357
83$1,743,896$0$0$1,317,703
84$1,797,511$0$0$1,358,193
85$1,852,680$0$0$1,399,856
86$1,909,438$0$0$1,442,716
87$1,967,821$0$0$1,486,801
88$2,027,863$0$0$1,532,135
89$2,089,599$0$0$1,578,745
90$2,153,060$0$0$1,626,654
91$2,218,280$0$0$1,675,887
92$2,285,288$0$0$1,726,465
93$2,354,115$0$0$1,778,412
94$2,424,788$0$0$1,831,746
95$2,497,331$0$0$1,886,486
96$2,571,769$0$0$1,942,648
97$2,648,120$0$0$2,000,247
98$2,726,400$0$0$2,059,294
99$2,806,623$0$0$2,119,796
100$2,888,796$0$0$2,181,759