Can I retire at age 61 with 726,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$59,952$59,418$58,897$58,389$57,892$57,359
2 years$29,679$29,127$28,591$28,072$27,568$27,031
3 years$19,590$19,035$18,500$17,986$17,490$16,966
4 years$14,546$13,992$13,463$12,958$12,474$11,966
5 years$11,520$10,970$10,448$9,953$9,483$8,993
6 years$9,504$8,958$8,444$7,959$7,503$7,033
7 years$8,064$7,523$7,017$6,544$6,102$5,650
8 years$6,985$6,449$5,951$5,489$5,062$4,630
9 years$6,146$5,615$5,125$4,676$4,263$3,849
10 years$5,475$4,949$4,468$4,031$3,632$3,237
11 years$4,927$4,406$3,934$3,508$3,124$2,747
12 years$4,470$3,954$3,491$3,077$2,707$2,348
13 years$4,084$3,574$3,119$2,716$2,361$2,019
14 years$3,753$3,248$2,803$2,411$2,069$1,745
15 years$3,467$2,967$2,530$2,150$1,822$1,514
16 years$3,216$2,723$2,294$1,925$1,610$1,318
17 years$2,996$2,507$2,088$1,730$1,428$1,151
18 years$2,800$2,317$1,906$1,559$1,270$1,008
19 years$2,625$2,147$1,745$1,409$1,132$885
20 years$2,467$1,995$1,601$1,276$1,011$778
21 years$2,325$1,859$1,473$1,158$905$685
22 years$2,196$1,735$1,357$1,053$811$604
23 years$2,078$1,623$1,253$959$728$533
24 years$1,971$1,520$1,159$875$654$471
25 years$1,872$1,427$1,074$799$589$417
26 years$1,781$1,341$996$730$530$369
27 years$1,696$1,262$925$668$478$327
28 years$1,618$1,189$859$612$431$290
29 years$1,545$1,122$800$562$390$258
30 years$1,478$1,059$745$515$352$229
31 years$1,415$1,002$695$473$318$203
32 years$1,356$948$648$435$288$180
33 years$1,300$897$605$400$260$160
34 years$1,248$851$565$368$236$143
35 years$1,199$807$529$339$214$127
36 years$1,153$766$494$312$194$113
37 years$1,110$727$463$288$175$100
38 years$1,068$691$433$265$159$89
39 years$1,029$657$406$244$144$79
40 years$993$625$381$225$131$71
41 years$958$595$357$208$119$63
42 years$924$567$335$192$108$56
43 years$893$540$314$177$98$50
44 years$863$515$295$164$89$44
45 years$834$491$277$151$81$40
46 years$807$468$260$140$73$35
47 years$780$447$244$129$66$31
48 years$756$427$230$119$60$28
49 years$732$407$216$110$55$25
50 years$709$389$203$102$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $726,000, adding $3,736 every year, while hoping to spend $53,242 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: 37/39/24 Blend
60$726,000$726,000$726,000$726,000
61$803,906$765,428$754,175$827,744
62$829,255$746,285$722,790$826,390
63$855,405$724,419$688,570$819,735
64$882,383$699,641$651,363$811,488
65$910,213$671,751$611,011$801,540
66$938,923$640,535$567,349$789,773
67$968,542$605,770$520,204$776,064
68$999,098$567,218$469,395$760,283
69$1,030,622$524,627$414,735$742,294
70$1,063,143$477,732$356,027$721,951
71$1,096,695$426,252$293,066$699,102
72$1,131,311$369,891$225,636$673,586
73$1,167,024$308,335$153,514$645,233
74$1,203,869$241,252$76,465$613,864
75$1,241,884$168,294$0$579,291
76$1,281,105$89,090$0$542,789
77$1,321,573$3,250$0$523,667
78$1,363,327$0$0$502,170
79$1,406,409$0$0$516,605
80$1,450,862$0$0$532,940
81$1,496,730$0$0$549,795
82$1,544,060$0$0$567,189
83$1,592,900$0$0$585,138
84$1,643,299$0$0$603,660
85$1,695,308$0$0$622,775
86$1,748,981$0$0$642,503
87$1,804,372$0$0$662,863
88$1,861,538$0$0$683,878
89$1,920,538$0$0$705,567
90$1,981,434$0$0$727,955
91$2,044,288$0$0$751,065
92$2,109,167$0$0$774,921
93$2,176,140$0$0$799,548
94$2,245,276$0$0$824,974
95$2,316,650$0$0$851,225
96$2,390,339$0$0$878,329
97$2,466,421$0$0$906,318
98$2,544,981$0$0$935,220
99$2,626,103$0$0$965,069
100$2,709,879$0$0$995,898