Can I retire at age 61 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$60,118$59,582$59,060$58,550$58,052$56,926
2 years$29,761$29,207$28,670$28,149$27,644$26,514
3 years$19,644$19,087$18,551$18,035$17,538$16,440
4 years$14,586$14,031$13,501$12,993$12,508$11,450
5 years$11,552$11,000$10,477$9,980$9,509$8,493
6 years$9,530$8,983$8,467$7,981$7,524$6,553
7 years$8,087$7,544$7,036$6,562$6,119$5,192
8 years$7,004$6,466$5,967$5,505$5,076$4,193
9 years$6,163$5,630$5,139$4,689$4,275$3,435
10 years$5,490$4,963$4,481$4,042$3,642$2,845
11 years$4,940$4,418$3,945$3,517$3,133$2,377
12 years$4,482$3,965$3,501$3,085$2,715$1,999
13 years$4,095$3,583$3,128$2,724$2,367$1,691
14 years$3,763$3,257$2,810$2,418$2,075$1,437
15 years$3,476$2,976$2,537$2,156$1,827$1,226
16 years$3,225$2,730$2,300$1,931$1,615$1,049
17 years$3,004$2,514$2,093$1,735$1,432$900
18 years$2,808$2,323$1,911$1,563$1,273$774
19 years$2,632$2,153$1,749$1,413$1,135$667
20 years$2,474$2,001$1,606$1,279$1,014$576
21 years$2,332$1,864$1,477$1,161$907$498
22 years$2,202$1,740$1,361$1,056$813$431
23 years$2,084$1,627$1,257$962$730$373
24 years$1,976$1,525$1,162$877$656$323
25 years$1,877$1,431$1,076$801$590$280
26 years$1,785$1,345$998$732$532$243
27 years$1,701$1,265$927$670$479$211
28 years$1,623$1,192$862$614$433$184
29 years$1,550$1,125$802$563$391$160
30 years$1,482$1,062$747$517$353$139
31 years$1,419$1,004$696$475$319$121
32 years$1,359$950$650$436$289$105
33 years$1,304$900$607$401$261$92
34 years$1,252$853$567$369$236$80
35 years$1,202$809$530$340$214$69
36 years$1,156$768$496$313$194$60
37 years$1,113$729$464$288$176$53
38 years$1,071$693$435$266$159$46
39 years$1,032$659$407$245$145$40
40 years$995$627$382$226$131$35
41 years$960$597$358$209$119$30
42 years$927$568$336$192$108$26
43 years$895$542$315$178$98$23
44 years$865$516$296$164$89$20
45 years$836$492$278$151$81$18
46 years$809$470$261$140$73$15
47 years$783$448$245$129$67$13
48 years$758$428$230$119$60$12
49 years$734$409$216$110$55$10
50 years$711$390$203$102$50$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $728,000, adding $2,295 every year, while hoping to spend $40,972 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: 42/47/11 Blend
60$728,000$728,000$728,000$728,000
61$804,623$766,039$754,755$835,732
62$843,101$759,981$736,446$851,669
63$884,130$752,253$716,150$864,637
64$927,928$742,730$693,757$877,766
65$974,732$731,279$669,153$891,088
66$1,024,803$717,760$642,218$904,640
67$1,078,426$702,024$612,826$918,468
68$1,135,916$683,913$580,846$932,623
69$1,197,615$663,261$546,140$947,167
70$1,263,902$639,891$508,566$962,172
71$1,335,190$613,616$467,973$977,720
72$1,411,934$584,237$424,205$993,907
73$1,494,634$551,547$377,097$1,010,841
74$1,583,837$515,324$326,481$1,028,648
75$1,680,146$475,333$272,176$1,047,472
76$1,784,224$431,327$213,997$1,067,477
77$1,896,799$383,045$151,749$1,088,847
78$2,018,669$330,211$85,230$1,111,794
79$2,150,714$272,533$14,226$1,136,558
80$2,293,901$209,701$0$1,163,408
81$2,449,294$141,392$0$1,199,874
82$2,618,062$67,259$0$1,241,327
83$2,801,490$0$0$1,286,513
84$3,000,994$0$0$1,342,651
85$3,218,130$0$0$1,441,691
86$3,454,612$0$0$1,549,639
87$3,712,325$0$0$1,667,366
88$3,993,343$0$0$1,795,831
89$4,299,949$0$0$1,936,088
90$4,634,656$0$0$2,089,300
91$5,000,230$0$0$2,256,744
92$5,399,718$0$0$2,439,830
93$5,836,472$0$0$2,640,107
94$6,314,183$0$0$2,859,281
95$6,836,916$0$0$3,099,233
96$7,409,146$0$0$3,362,031
97$8,035,802$0$0$3,649,955
98$8,722,310$0$0$3,965,515
99$9,474,649$0$0$4,311,475
100$10,299,400$0$0$4,690,879