Can I retire at age 61 with 709,000?

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 $709,000?

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$58,549$58,027$57,518$57,022$56,537$54,727
2 years$28,984$28,445$27,921$27,414$26,922$25,116
3 years$19,131$18,589$18,067$17,565$17,081$15,334
4 years$14,205$13,665$13,148$12,654$12,182$10,508
5 years$11,251$10,713$10,204$9,720$9,261$7,665
6 years$9,281$8,748$8,246$7,773$7,328$5,811
7 years$7,875$7,347$6,852$6,391$5,959$4,521
8 years$6,821$6,298$5,811$5,361$4,944$3,584
9 years$6,002$5,483$5,005$4,566$4,163$2,880
10 years$5,347$4,833$4,364$3,936$3,547$2,338
11 years$4,811$4,303$3,842$3,426$3,051$1,914
12 years$4,365$3,862$3,410$3,005$2,644$1,577
13 years$3,988$3,490$3,046$2,653$2,305$1,305
14 years$3,665$3,172$2,737$2,355$2,021$1,085
15 years$3,386$2,898$2,471$2,100$1,779$905
16 years$3,141$2,659$2,240$1,880$1,573$757
17 years$2,926$2,449$2,039$1,690$1,394$635
18 years$2,734$2,263$1,861$1,523$1,240$533
19 years$2,563$2,097$1,704$1,376$1,105$448
20 years$2,410$1,949$1,564$1,246$987$378
21 years$2,271$1,815$1,438$1,131$883$319
22 years$2,145$1,694$1,326$1,028$792$269
23 years$2,030$1,585$1,224$936$711$227
24 years$1,925$1,485$1,132$854$639$192
25 years$1,828$1,393$1,048$780$575$162
26 years$1,739$1,310$972$713$518$137
27 years$1,657$1,232$903$653$467$116
28 years$1,580$1,161$839$598$421$98
29 years$1,509$1,096$781$548$380$83
30 years$1,443$1,035$728$503$344$71
31 years$1,382$978$678$462$311$60
32 years$1,324$925$633$425$281$51
33 years$1,270$876$591$391$254$43
34 years$1,219$831$552$359$230$36
35 years$1,171$788$516$331$209$31
36 years$1,126$748$483$305$189$26
37 years$1,084$710$452$281$171$22
38 years$1,043$675$423$259$155$19
39 years$1,005$642$397$239$141$16
40 years$969$611$372$220$128$14
41 years$935$581$348$203$116$11
42 years$903$554$327$187$105$10
43 years$872$527$307$173$95$8
44 years$842$503$288$160$87$7
45 years$814$479$270$148$79$6
46 years$788$457$254$136$71$5
47 years$762$436$239$126$65$4
48 years$738$417$224$116$59$4
49 years$715$398$211$108$53$3
50 years$692$380$198$99$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $709,000, adding $4,057 every year, while hoping to spend $36,858 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: 56/38/6 Blend
60$709,000$709,000$709,000$709,000
61$785,503$747,926$736,936$828,260
62$826,407$745,358$722,407$854,953
63$870,249$741,428$706,156$879,530
64$917,288$736,032$688,086$905,386
65$967,811$729,057$668,096$932,647
66$1,022,132$720,384$646,081$961,453
67$1,080,594$709,888$621,930$991,958
68$1,143,577$697,436$595,527$1,024,338
69$1,211,497$682,885$566,752$1,058,783
70$1,284,809$666,086$535,478$1,095,509
71$1,364,017$646,880$501,573$1,134,755
72$1,449,670$625,101$464,899$1,176,784
73$1,542,375$600,570$425,312$1,221,892
74$1,642,799$573,100$382,662$1,270,406
75$1,751,674$542,491$336,790$1,322,688
76$1,869,805$508,533$287,533$1,379,142
77$1,998,078$471,005$234,719$1,440,216
78$2,137,469$429,670$178,168$1,506,406
79$2,289,048$384,281$117,694$1,578,263
80$2,453,995$334,576$53,101$1,656,399
81$2,633,608$280,275$0$1,741,491
82$2,829,314$221,087$0$1,835,304
83$3,042,686$156,702$0$1,941,351
84$3,275,452$86,793$0$2,057,166
85$3,529,517$11,014$0$2,183,785
86$3,806,975$0$0$2,322,358
87$4,110,133$0$0$2,503,842
88$4,441,531$0$0$2,707,327
89$4,803,965$0$0$2,929,933
90$5,200,513$0$0$3,173,558
91$5,634,565$0$0$3,440,293
92$6,109,853$0$0$3,732,440
93$6,630,489$0$0$4,052,536
94$7,200,999$0$0$4,403,372
95$7,826,369$0$0$4,788,024
96$8,512,088$0$0$5,209,879
97$9,264,204$0$0$5,672,667
98$10,089,379$0$0$6,180,499
99$10,994,949$0$0$6,737,899
100$11,988,995$0$0$7,349,855