Can I retire at age 61 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$66,476$65,884$65,306$64,742$64,192$62,137
2 years$32,909$32,296$31,702$31,126$30,568$28,516
3 years$21,721$21,106$20,513$19,943$19,393$17,410
4 years$16,129$15,515$14,928$14,368$13,831$11,931
5 years$12,774$12,164$11,585$11,036$10,514$8,703
6 years$10,538$9,933$9,362$8,825$8,320$6,598
7 years$8,942$8,342$7,780$7,256$6,766$5,134
8 years$7,745$7,150$6,598$6,087$5,613$4,069
9 years$6,815$6,226$5,683$5,185$4,727$3,270
10 years$6,071$5,488$4,955$4,469$4,028$2,655
11 years$5,463$4,885$4,362$3,889$3,464$2,173
12 years$4,956$4,385$3,871$3,412$3,002$1,790
13 years$4,528$3,963$3,459$3,012$2,618$1,482
14 years$4,162$3,602$3,108$2,674$2,295$1,232
15 years$3,844$3,290$2,806$2,384$2,020$1,028
16 years$3,566$3,019$2,544$2,135$1,786$860
17 years$3,322$2,780$2,315$1,918$1,583$721
18 years$3,105$2,569$2,113$1,729$1,408$605
19 years$2,910$2,381$1,934$1,562$1,255$509
20 years$2,736$2,213$1,775$1,415$1,121$429
21 years$2,578$2,061$1,633$1,284$1,003$362
22 years$2,435$1,924$1,505$1,167$899$305
23 years$2,305$1,799$1,390$1,063$807$258
24 years$2,185$1,686$1,285$970$725$218
25 years$2,075$1,582$1,190$886$653$184
26 years$1,974$1,487$1,104$810$588$156
27 years$1,881$1,399$1,025$741$530$132
28 years$1,794$1,319$953$679$478$112
29 years$1,714$1,244$887$623$432$95
30 years$1,639$1,175$826$572$390$80
31 years$1,569$1,110$770$525$353$68
32 years$1,503$1,051$719$482$319$58
33 years$1,442$995$671$444$289$49
34 years$1,384$943$627$408$261$41
35 years$1,330$895$586$376$237$35
36 years$1,279$849$548$346$215$30
37 years$1,230$806$513$319$194$25
38 years$1,185$766$481$294$176$21
39 years$1,141$729$450$271$160$18
40 years$1,101$693$422$250$145$15
41 years$1,062$660$396$231$132$13
42 years$1,025$629$371$213$119$11
43 years$990$599$348$196$108$9
44 years$956$571$327$181$98$8
45 years$925$544$307$168$89$7
46 years$894$519$288$155$81$6
47 years$865$496$271$143$74$5
48 years$838$473$255$132$67$4
49 years$811$452$239$122$61$3
50 years$786$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 $805,000, adding $5,960 every year, while hoping to spend $33,080 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: 28/50/22 Blend
60$805,000$805,000$805,000$805,000
61$893,258$850,593$838,115$911,950
62$949,173$857,075$830,995$933,483
63$1,009,683$862,766$822,528$953,281
64$1,075,222$867,592$812,634$973,854
65$1,146,266$871,476$801,228$995,290
66$1,223,339$874,332$788,223$1,017,687
67$1,307,019$876,074$773,528$1,041,155
68$1,397,939$876,606$757,046$1,065,819
69$1,496,798$875,829$738,676$1,091,820
70$1,604,363$873,636$718,313$1,119,313
71$1,721,479$869,915$695,847$1,148,476
72$1,849,075$864,545$671,163$1,179,507
73$1,988,173$857,401$644,140$1,212,628
74$2,139,901$848,348$614,653$1,248,086
75$2,305,496$837,242$582,568$1,286,159
76$2,486,322$823,932$547,750$1,327,157
77$2,683,881$808,259$510,054$1,371,428
78$2,899,826$790,053$469,330$1,419,358
79$3,135,976$769,133$425,420$1,471,378
80$3,394,335$745,310$378,161$1,527,971
81$3,677,109$718,382$327,381$1,589,671
82$3,986,727$688,136$272,902$1,657,076
83$4,325,865$654,346$214,536$1,730,852
84$4,697,468$616,774$152,088$1,811,737
85$5,104,781$575,168$85,354$1,900,554
86$5,551,378$529,260$14,123$1,998,218
87$6,041,193$478,769$0$2,105,745
88$6,578,563$423,396$0$2,238,792
89$7,168,261$362,827$0$2,388,567
90$7,815,546$296,729$0$2,553,197
91$8,526,213$224,749$0$2,734,286
92$9,306,643$146,518$0$2,933,608
93$10,163,864$61,642$0$3,153,125
94$11,105,623$0$0$3,395,010
95$12,140,450$0$0$3,678,333
96$13,277,745$0$0$4,027,123
97$14,527,860$0$0$4,410,659
98$15,902,205$0$0$4,832,457
99$17,413,347$0$0$5,296,393
100$19,075,132$0$0$5,806,739