Can I retire at age 61 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$59,622$59,091$58,573$58,067$57,573$57,091
2 years$29,516$28,966$28,433$27,917$27,416$26,930
3 years$19,482$18,930$18,398$17,887$17,394$16,919
4 years$14,466$13,915$13,389$12,886$12,405$11,945
5 years$11,457$10,910$10,391$9,898$9,430$8,987
6 years$9,452$8,909$8,397$7,915$7,462$7,035
7 years$8,020$7,481$6,978$6,508$6,069$5,659
8 years$6,947$6,413$5,918$5,459$5,034$4,642
9 years$6,112$5,584$5,097$4,650$4,240$3,864
10 years$5,445$4,922$4,444$4,008$3,612$3,253
11 years$4,900$4,382$3,912$3,488$3,107$2,764
12 years$4,445$3,933$3,472$3,060$2,692$2,366
13 years$4,061$3,554$3,102$2,701$2,348$2,037
14 years$3,732$3,230$2,787$2,398$2,058$1,762
15 years$3,448$2,951$2,516$2,139$1,812$1,531
16 years$3,199$2,708$2,282$1,915$1,601$1,335
17 years$2,979$2,494$2,076$1,720$1,420$1,168
18 years$2,784$2,304$1,895$1,551$1,263$1,024
19 years$2,610$2,135$1,735$1,401$1,125$900
20 years$2,454$1,984$1,592$1,269$1,005$792
21 years$2,312$1,848$1,465$1,152$900$699
22 years$2,184$1,725$1,350$1,047$806$617
23 years$2,067$1,614$1,246$954$724$546
24 years$1,960$1,512$1,153$870$651$483
25 years$1,861$1,419$1,068$794$585$428
26 years$1,771$1,334$990$726$527$380
27 years$1,687$1,255$919$665$475$337
28 years$1,609$1,183$855$609$429$299
29 years$1,537$1,116$795$559$387$266
30 years$1,470$1,054$741$513$350$237
31 years$1,407$996$691$471$316$210
32 years$1,348$942$644$433$286$187
33 years$1,293$892$602$398$259$167
34 years$1,241$846$562$366$235$148
35 years$1,193$802$526$337$212$132
36 years$1,147$761$492$310$192$118
37 years$1,103$723$460$286$174$105
38 years$1,062$687$431$264$158$94
39 years$1,024$654$404$243$143$83
40 years$987$622$378$224$130$74
41 years$952$592$355$207$118$66
42 years$919$564$333$191$107$59
43 years$888$537$312$176$97$53
44 years$858$512$293$163$88$47
45 years$829$488$275$150$80$42
46 years$802$466$259$139$73$38
47 years$776$444$243$128$66$33
48 years$751$424$228$118$60$30
49 years$728$405$215$109$54$27
50 years$705$387$202$101$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $722,000, adding $5,128 every year, while hoping to spend $33,675 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: 30/50/20 Blend
60$722,000$722,000$722,000$722,000
61$800,934$762,668$751,477$819,811
62$846,799$764,208$740,821$836,121
63$896,214$764,696$728,680$850,273
64$949,505$764,043$714,968$864,787
65$1,007,031$762,158$699,596$879,713
66$1,069,185$758,941$682,470$895,111
67$1,136,402$754,289$663,493$911,049
68$1,209,157$748,091$642,562$927,606
69$1,287,974$740,230$619,570$944,871
70$1,373,427$730,582$594,406$962,947
71$1,466,151$719,014$566,952$981,948
72$1,566,840$705,387$537,087$1,002,008
73$1,676,260$689,554$504,682$1,023,275
74$1,795,254$671,357$469,604$1,045,918
75$1,924,747$650,631$431,713$1,070,127
76$2,065,760$627,201$390,864$1,096,117
77$2,219,414$600,880$346,904$1,124,131
78$2,386,943$571,472$299,674$1,154,440
79$2,569,706$538,769$249,009$1,187,351
80$2,769,199$502,552$194,733$1,223,207
81$2,987,068$462,588$136,668$1,262,393
82$3,225,125$418,631$74,622$1,305,340
83$3,485,365$370,421$8,399$1,352,531
84$3,769,985$317,684$0$1,404,505
85$4,081,403$260,130$0$1,475,155
86$4,422,282$197,453$0$1,554,642
87$4,795,556$129,329$0$1,641,970
88$5,204,452$55,415$0$1,738,029
89$5,652,528$0$0$1,843,804
90$6,143,700$0$0$1,973,950
91$6,682,283$0$0$2,150,205
92$7,273,026$0$0$2,343,648
93$7,921,163$0$0$2,556,006
94$8,632,458$0$0$2,789,184
95$9,413,261$0$0$3,045,279
96$10,270,565$0$0$3,326,602
97$11,212,073$0$0$3,635,696
98$12,246,274$0$0$3,975,366
99$13,382,517$0$0$4,348,700
100$14,631,100$0$0$4,759,101