Can I retire at age 61 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$60,283$59,746$59,222$58,711$58,211$57,748
2 years$29,843$29,287$28,748$28,226$27,720$27,252
3 years$19,698$19,139$18,602$18,085$17,586$17,130
4 years$14,626$14,070$13,538$13,029$12,543$12,101
5 years$11,584$11,031$10,506$10,008$9,535$9,108
6 years$9,556$9,007$8,490$8,003$7,545$7,134
7 years$8,109$7,564$7,055$6,580$6,136$5,741
8 years$7,024$6,484$5,984$5,520$5,090$4,712
9 years$6,180$5,646$5,154$4,702$4,287$3,925
10 years$5,505$4,976$4,493$4,053$3,652$3,307
11 years$4,954$4,430$3,956$3,527$3,141$2,811
12 years$4,495$3,976$3,510$3,094$2,722$2,407
13 years$4,106$3,593$3,136$2,731$2,374$2,074
14 years$3,774$3,266$2,818$2,425$2,081$1,796
15 years$3,486$2,984$2,544$2,162$1,832$1,562
16 years$3,234$2,738$2,307$1,936$1,619$1,363
17 years$3,012$2,521$2,099$1,740$1,436$1,193
18 years$2,815$2,330$1,916$1,568$1,277$1,046
19 years$2,639$2,159$1,754$1,417$1,138$920
20 years$2,481$2,006$1,610$1,283$1,016$811
21 years$2,338$1,869$1,481$1,164$910$716
22 years$2,208$1,745$1,365$1,059$815$632
23 years$2,090$1,632$1,260$964$732$560
24 years$1,982$1,529$1,165$879$658$496
25 years$1,882$1,435$1,079$803$592$440
26 years$1,790$1,348$1,001$734$533$390
27 years$1,706$1,269$930$672$481$347
28 years$1,627$1,196$864$616$434$308
29 years$1,554$1,128$804$565$392$274
30 years$1,486$1,065$749$518$354$244
31 years$1,422$1,007$698$476$320$217
32 years$1,363$953$652$437$289$193
33 years$1,307$902$608$402$262$172
34 years$1,255$855$568$370$237$154
35 years$1,206$811$531$341$215$137
36 years$1,159$770$497$314$195$122
37 years$1,116$731$465$289$176$109
38 years$1,074$695$436$266$160$97
39 years$1,035$661$408$246$145$87
40 years$998$629$383$227$132$77
41 years$963$598$359$209$119$69
42 years$929$570$337$193$108$62
43 years$898$543$316$178$98$55
44 years$867$518$296$164$89$49
45 years$839$494$278$152$81$44
46 years$811$471$261$140$74$39
47 years$785$449$246$130$67$35
48 years$760$429$231$120$61$31
49 years$736$410$217$111$55$28
50 years$713$391$204$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $730,000, adding $4,461 every year, while hoping to spend $46,881 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: 46/35/19 Blend
60$730,000$730,000$730,000$730,000
61$809,062$770,372$759,057$841,699
62$841,705$758,239$734,604$852,828
63$876,106$743,940$707,761$859,857
64$912,396$727,320$678,398$866,499
65$950,716$708,214$646,379$872,740
66$991,220$686,447$611,564$878,565
67$1,034,076$661,835$573,803$883,964
68$1,079,469$634,182$532,943$888,927
69$1,127,599$603,282$488,821$893,450
70$1,178,686$568,915$441,268$897,529
71$1,232,971$530,850$390,110$901,168
72$1,290,715$488,843$335,160$904,373
73$1,352,207$442,635$276,226$907,157
74$1,417,761$391,953$213,109$909,542
75$1,487,722$336,508$145,597$911,553
76$1,562,467$275,994$73,472$913,228
77$1,642,411$210,090$0$914,614
78$1,728,006$138,454$0$916,477
79$1,819,752$60,728$0$934,123
80$1,918,194$0$0$952,777
81$2,023,931$0$0$981,634
82$2,137,621$0$0$1,037,869
83$2,259,985$0$0$1,098,457
84$2,391,817$0$0$1,163,799
85$2,533,987$0$0$1,234,336
86$2,687,452$0$0$1,310,549
87$2,853,263$0$0$1,392,971
88$3,032,574$0$0$1,482,185
89$3,226,656$0$0$1,578,834
90$3,436,905$0$0$1,683,623
91$3,664,854$0$0$1,797,329
92$3,912,192$0$0$1,920,805
93$4,180,775$0$0$2,054,991
94$4,472,643$0$0$2,200,918
95$4,790,043$0$0$2,359,724
96$5,135,445$0$0$2,532,659
97$5,511,568$0$0$2,721,100
98$5,921,403$0$0$2,926,559
99$6,368,242$0$0$3,150,705
100$6,855,709$0$0$3,395,371