Can I retire at age 61 with 726,000?

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 $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%17.3%
1 years$59,952$59,418$58,897$58,389$57,892$56,174
2 years$29,679$29,127$28,591$28,072$27,568$25,851
3 years$19,590$19,035$18,500$17,986$17,490$15,828
4 years$14,546$13,992$13,463$12,958$12,474$10,880
5 years$11,520$10,970$10,448$9,953$9,483$7,961
6 years$9,504$8,958$8,444$7,959$7,503$6,055
7 years$8,064$7,523$7,017$6,544$6,102$4,728
8 years$6,985$6,449$5,951$5,489$5,062$3,761
9 years$6,146$5,615$5,125$4,676$4,263$3,033
10 years$5,475$4,949$4,468$4,031$3,632$2,472
11 years$4,927$4,406$3,934$3,508$3,124$2,031
12 years$4,470$3,954$3,491$3,077$2,707$1,680
13 years$4,084$3,574$3,119$2,716$2,361$1,396
14 years$3,753$3,248$2,803$2,411$2,069$1,166
15 years$3,467$2,967$2,530$2,150$1,822$977
16 years$3,216$2,723$2,294$1,925$1,610$820
17 years$2,996$2,507$2,088$1,730$1,428$691
18 years$2,800$2,317$1,906$1,559$1,270$583
19 years$2,625$2,147$1,745$1,409$1,132$492
20 years$2,467$1,995$1,601$1,276$1,011$417
21 years$2,325$1,859$1,473$1,158$905$353
22 years$2,196$1,735$1,357$1,053$811$299
23 years$2,078$1,623$1,253$959$728$254
24 years$1,971$1,520$1,159$875$654$216
25 years$1,872$1,427$1,074$799$589$183
26 years$1,781$1,341$996$730$530$156
27 years$1,696$1,262$925$668$478$133
28 years$1,618$1,189$859$612$431$113
29 years$1,545$1,122$800$562$390$96
30 years$1,478$1,059$745$515$352$82
31 years$1,415$1,002$695$473$318$70
32 years$1,356$948$648$435$288$59
33 years$1,300$897$605$400$260$50
34 years$1,248$851$565$368$236$43
35 years$1,199$807$529$339$214$37
36 years$1,153$766$494$312$194$31
37 years$1,110$727$463$288$175$27
38 years$1,068$691$433$265$159$23
39 years$1,029$657$406$244$144$19
40 years$993$625$381$225$131$16
41 years$958$595$357$208$119$14
42 years$924$567$335$192$108$12
43 years$893$540$314$177$98$10
44 years$863$515$295$164$89$9
45 years$834$491$277$151$81$7
46 years$807$468$260$140$73$6
47 years$780$447$244$129$66$5
48 years$756$427$230$119$60$5
49 years$732$407$216$110$55$4
50 years$709$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $726,000, adding $3,617 every year, while hoping to spend $47,303 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: 85/9/6 Blend
60$726,000$726,000$726,000$726,000
61$803,783$765,305$754,052$871,567
62$835,439$752,475$728,983$903,488
63$868,738$737,431$701,488$931,701
64$903,799$720,014$671,437$961,187
65$940,748$700,057$638,693$992,041
66$979,727$677,382$603,111$1,024,367
67$1,020,887$651,802$564,543$1,058,282
68$1,064,394$623,116$522,832$1,093,912
69$1,110,429$591,116$477,813$1,131,398
70$1,159,189$555,577$429,317$1,170,893
71$1,210,891$516,265$377,164$1,212,566
72$1,265,772$472,931$321,168$1,256,604
73$1,324,087$425,312$261,134$1,303,212
74$1,386,122$373,130$196,860$1,352,615
75$1,452,183$316,090$128,132$1,405,062
76$1,522,610$253,883$54,728$1,460,827
77$1,597,773$186,181$0$1,520,212
78$1,678,079$112,636$0$1,585,062
79$1,763,971$32,884$0$1,658,069
80$1,855,939$0$0$1,736,147
81$1,954,516$0$0$1,825,052
82$2,060,291$0$0$1,923,950
83$2,173,906$0$0$2,030,187
84$2,296,070$0$0$2,144,425
85$2,427,557$0$0$2,267,391
86$2,569,221$0$0$2,399,883
87$2,721,997$0$0$2,542,777
88$2,886,914$0$0$2,697,037
89$3,065,102$0$0$2,863,721
90$3,257,802$0$0$3,043,991
91$3,466,379$0$0$3,239,126
92$3,692,334$0$0$3,450,531
93$3,937,316$0$0$3,679,752
94$4,203,141$0$0$3,928,487
95$4,491,802$0$0$4,198,605
96$4,805,494$0$0$4,492,162
97$5,146,633$0$0$4,811,418
98$5,517,873$0$0$5,158,862
99$5,922,138$0$0$5,537,230
100$6,362,643$0$0$5,949,535