Can I retire at age 61 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$66,641$66,048$65,469$64,903$64,351$63,547
2 years$32,991$32,376$31,781$31,203$30,643$29,834
3 years$21,775$21,158$20,564$19,992$19,441$18,652
4 years$16,169$15,554$14,966$14,403$13,866$13,103
5 years$12,806$12,194$11,614$11,063$10,541$9,806
6 years$10,564$9,957$9,386$8,847$8,340$7,635
7 years$8,964$8,362$7,800$7,274$6,783$6,108
8 years$7,764$7,168$6,615$6,102$5,627$4,981
9 years$6,832$6,241$5,697$5,197$4,739$4,122
10 years$6,086$5,501$4,967$4,480$4,038$3,450
11 years$5,476$4,897$4,373$3,899$3,473$2,913
12 years$4,969$4,396$3,881$3,420$3,009$2,477
13 years$4,539$3,972$3,467$3,019$2,624$2,119
14 years$4,172$3,611$3,115$2,680$2,300$1,822
15 years$3,854$3,298$2,813$2,390$2,025$1,572
16 years$3,575$3,026$2,550$2,140$1,790$1,362
17 years$3,330$2,787$2,321$1,923$1,587$1,183
18 years$3,112$2,575$2,118$1,733$1,411$1,030
19 years$2,918$2,387$1,939$1,566$1,258$898
20 years$2,743$2,218$1,780$1,418$1,124$785
21 years$2,585$2,066$1,637$1,287$1,005$687
22 years$2,441$1,929$1,509$1,170$901$602
23 years$2,310$1,804$1,393$1,066$809$529
24 years$2,191$1,690$1,288$972$727$464
25 years$2,081$1,586$1,193$888$654$408
26 years$1,979$1,491$1,107$812$589$359
27 years$1,885$1,403$1,028$743$531$316
28 years$1,799$1,322$955$681$479$279
29 years$1,718$1,247$889$624$433$246
30 years$1,643$1,178$828$573$391$217
31 years$1,572$1,113$772$526$354$191
32 years$1,507$1,053$720$484$320$169
33 years$1,445$998$673$445$290$149
34 years$1,387$945$628$409$262$132
35 years$1,333$897$588$377$237$116
36 years$1,282$851$550$347$215$103
37 years$1,233$808$514$320$195$91
38 years$1,188$768$482$295$177$80
39 years$1,144$731$451$272$160$71
40 years$1,103$695$423$251$145$63
41 years$1,064$662$397$231$132$55
42 years$1,027$630$372$213$120$49
43 years$992$600$349$197$109$43
44 years$959$572$328$182$99$38
45 years$927$546$308$168$90$34
46 years$897$521$289$155$81$30
47 years$868$497$272$143$74$27
48 years$840$474$255$132$67$23
49 years$813$453$240$122$61$21
50 years$788$433$225$113$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $807,000, adding $2,676 every year, while hoping to spend $42,410 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: 43/48/9 Blend
60$807,000$807,000$807,000$807,000
61$892,074$849,303$836,795$928,000
62$937,942$845,795$819,704$949,749
63$987,067$840,694$800,618$968,784
64$1,039,736$833,876$779,427$988,441
65$1,096,265$825,212$756,014$1,008,794
66$1,157,000$814,564$730,257$1,029,926
67$1,222,322$801,785$702,028$1,051,932
68$1,292,645$786,719$671,193$1,074,919
69$1,368,430$769,204$637,613$1,099,008
70$1,450,179$749,064$601,142$1,124,337
71$1,538,445$726,115$561,627$1,151,060
72$1,633,835$700,163$518,910$1,179,353
73$1,737,016$671,001$472,824$1,209,412
74$1,848,722$638,411$423,194$1,241,460
75$1,969,760$602,161$369,840$1,275,745
76$2,101,017$562,008$312,570$1,312,548
77$2,243,468$517,694$251,188$1,352,181
78$2,398,185$468,944$185,487$1,394,997
79$2,566,349$415,472$115,250$1,441,390
80$2,749,257$356,970$40,251$1,491,800
81$2,948,338$293,119$0$1,546,720
82$3,165,162$223,576$0$1,610,521
83$3,401,460$147,982$0$1,684,370
84$3,659,134$65,958$0$1,765,109
85$3,940,279$0$0$1,853,528
86$4,247,199$0$0$1,962,601
87$4,582,434$0$0$2,119,881
88$4,948,775$0$0$2,291,852
89$5,349,301$0$0$2,479,969
90$5,787,395$0$0$2,685,837
91$6,266,789$0$0$2,911,220
92$6,791,586$0$0$3,158,062
93$7,366,308$0$0$3,428,504
94$7,995,935$0$0$3,724,903
95$8,685,949$0$0$4,049,855
96$9,442,388$0$0$4,406,221
97$10,271,905$0$0$4,797,149
98$11,181,823$0$0$5,226,108
99$12,180,212$0$0$5,696,921
100$13,275,959$0$0$6,213,795