Can I retire at age 61 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$60,200$59,664$59,141$58,630$58,131$56,819
2 years$29,802$29,247$28,709$28,188$27,682$26,366
3 years$19,671$19,113$18,577$18,060$17,562$16,285
4 years$14,606$14,050$13,519$13,011$12,526$11,296
5 years$11,568$11,016$10,491$9,994$9,522$8,344
6 years$9,543$8,995$8,479$7,992$7,534$6,409
7 years$8,098$7,554$7,046$6,571$6,127$5,055
8 years$7,014$6,475$5,975$5,512$5,083$4,064
9 years$6,171$5,638$5,147$4,695$4,281$3,313
10 years$5,498$4,969$4,487$4,047$3,647$2,731
11 years$4,947$4,424$3,950$3,522$3,137$2,270
12 years$4,488$3,971$3,506$3,090$2,718$1,900
13 years$4,101$3,588$3,132$2,728$2,371$1,598
14 years$3,769$3,262$2,814$2,421$2,078$1,351
15 years$3,481$2,980$2,541$2,159$1,830$1,146
16 years$3,230$2,734$2,304$1,933$1,617$975
17 years$3,008$2,518$2,096$1,737$1,434$832
18 years$2,811$2,326$1,914$1,566$1,275$711
19 years$2,636$2,156$1,752$1,415$1,136$609
20 years$2,478$2,004$1,608$1,281$1,015$523
21 years$2,335$1,866$1,479$1,163$908$449
22 years$2,205$1,742$1,363$1,057$814$386
23 years$2,087$1,629$1,258$963$731$332
24 years$1,979$1,527$1,164$878$657$286
25 years$1,879$1,433$1,078$802$591$247
26 years$1,788$1,346$1,000$733$532$213
27 years$1,703$1,267$928$671$480$184
28 years$1,625$1,194$863$615$433$159
29 years$1,552$1,126$803$564$391$137
30 years$1,484$1,064$748$518$353$118
31 years$1,421$1,006$697$475$320$102
32 years$1,361$952$651$437$289$88
33 years$1,306$901$608$402$262$76
34 years$1,253$854$568$370$237$66
35 years$1,204$810$531$340$214$57
36 years$1,158$769$496$313$194$49
37 years$1,114$730$465$289$176$43
38 years$1,073$694$435$266$160$37
39 years$1,034$660$408$245$145$32
40 years$997$628$382$226$131$28
41 years$962$598$358$209$119$24
42 years$928$569$336$193$108$21
43 years$896$542$315$178$98$18
44 years$866$517$296$164$89$16
45 years$837$493$278$152$81$13
46 years$810$470$261$140$73$12
47 years$784$449$245$129$67$10
48 years$759$428$231$120$61$9
49 years$735$409$217$111$55$8
50 years$712$391$204$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $729,000, adding $3,711 every year, while hoping to spend $30,897 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: 71/5/24 Blend
60$729,000$729,000$729,000$729,000
61$807,186$768,549$757,249$859,380
62$856,645$773,334$749,743$899,509
63$910,113$777,317$740,950$939,457
64$967,966$780,428$730,794$982,456
65$1,030,619$782,589$719,196$1,028,805
66$1,098,526$783,720$706,073$1,078,835
67$1,172,187$783,734$691,337$1,132,912
68$1,252,153$782,539$674,900$1,191,439
69$1,339,027$780,038$656,664$1,254,860
70$1,433,477$776,129$636,530$1,323,667
71$1,536,232$770,700$614,395$1,398,400
72$1,648,100$763,637$590,150$1,479,657
73$1,769,967$754,815$563,680$1,568,096
74$1,902,807$744,104$534,867$1,664,445
75$2,047,694$731,367$503,586$1,769,506
76$2,205,811$716,455$469,707$1,884,162
77$2,378,456$699,214$433,095$2,009,391
78$2,567,063$679,480$393,608$2,146,267
79$2,773,206$657,077$351,097$2,295,979
80$2,998,621$631,822$305,407$2,459,837
81$3,245,220$603,521$256,377$2,639,285
82$3,515,104$571,965$203,838$2,835,915
83$3,810,591$536,938$147,613$3,051,487
84$4,134,232$498,208$87,519$3,287,937
85$4,488,835$455,532$23,362$3,547,404
86$4,877,495$408,652$0$3,832,245
87$5,303,618$357,294$0$4,156,610
88$5,770,957$301,172$0$4,518,950
89$6,283,645$239,980$0$4,916,495
90$6,846,235$173,397$0$5,352,790
91$7,463,742$101,084$0$5,831,739
92$8,141,689$22,682$0$6,357,645
93$8,886,160$0$0$6,935,250
94$9,703,859$0$0$7,573,197
95$10,602,170$0$0$8,275,445
96$11,589,227$0$0$9,047,111
97$12,673,991$0$0$9,895,206
98$13,866,335$0$0$10,827,452
99$15,177,136$0$0$11,852,361
100$16,618,375$0$0$12,979,305