Can I retire at age 61 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$60,448$59,909$59,384$58,871$58,371$58,125
2 years$29,925$29,367$28,827$28,304$27,796$27,547
3 years$19,752$19,192$18,653$18,134$17,635$17,392
4 years$14,666$14,108$13,575$13,065$12,577$12,341
5 years$11,616$11,061$10,535$10,035$9,561$9,333
6 years$9,583$9,032$8,513$8,025$7,565$7,346
7 years$8,131$7,585$7,075$6,598$6,153$5,941
8 years$7,043$6,502$6,000$5,535$5,104$4,901
9 years$6,197$5,661$5,168$4,714$4,298$4,104
10 years$5,520$4,990$4,505$4,064$3,662$3,476
11 years$4,967$4,442$3,966$3,537$3,150$2,971
12 years$4,507$3,987$3,520$3,102$2,730$2,559
13 years$4,118$3,603$3,145$2,739$2,380$2,218
14 years$3,784$3,275$2,826$2,431$2,087$1,931
15 years$3,495$2,992$2,551$2,168$1,837$1,689
16 years$3,243$2,745$2,313$1,941$1,624$1,483
17 years$3,021$2,528$2,105$1,744$1,440$1,306
18 years$2,823$2,336$1,921$1,572$1,280$1,153
19 years$2,647$2,165$1,759$1,420$1,141$1,021
20 years$2,488$2,012$1,614$1,286$1,019$905
21 years$2,344$1,874$1,485$1,168$912$804
22 years$2,214$1,749$1,369$1,062$817$716
23 years$2,096$1,636$1,264$967$734$638
24 years$1,987$1,533$1,169$882$660$569
25 years$1,887$1,439$1,082$805$594$508
26 years$1,795$1,352$1,004$736$535$454
27 years$1,710$1,272$932$674$482$406
28 years$1,631$1,199$867$617$435$364
29 years$1,558$1,131$806$566$393$326
30 years$1,490$1,068$751$520$355$292
31 years$1,426$1,010$700$477$321$262
32 years$1,367$955$653$439$290$235
33 years$1,311$905$610$403$263$211
34 years$1,258$858$570$371$238$189
35 years$1,209$813$533$342$215$170
36 years$1,163$772$499$315$195$153
37 years$1,119$733$467$290$177$137
38 years$1,077$697$437$267$160$124
39 years$1,038$663$409$246$145$111
40 years$1,001$630$384$227$132$100
41 years$965$600$360$210$120$90
42 years$932$572$338$194$109$81
43 years$900$545$317$179$99$73
44 years$870$519$297$165$89$65
45 years$841$495$279$152$81$59
46 years$813$472$262$141$74$53
47 years$787$451$246$130$67$48
48 years$762$430$231$120$61$43
49 years$738$411$218$111$55$39
50 years$715$392$205$103$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $732,000, adding $5,157 every year, while hoping to spend $30,401 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: 32/39/29 Blend
60$732,000$732,000$732,000$732,000
61$811,983$773,187$761,841$830,665
62$862,459$778,727$755,017$851,001
63$917,065$783,519$746,944$869,861
64$976,189$787,496$737,551$889,586
65$1,040,260$790,582$726,758$910,275
66$1,109,748$792,702$714,486$932,037
67$1,185,170$793,772$700,649$954,995
68$1,267,095$793,705$685,159$979,288
69$1,356,149$792,407$667,922$1,005,071
70$1,453,021$789,780$648,842$1,032,516
71$1,558,468$785,718$627,817$1,061,818
72$1,673,324$780,110$604,741$1,093,193
73$1,798,505$772,838$579,502$1,126,883
74$1,935,022$763,776$551,985$1,163,158
75$2,083,986$752,792$522,067$1,202,318
76$2,246,618$739,745$489,623$1,244,701
77$2,424,266$724,486$454,518$1,290,680
78$2,618,412$706,857$416,615$1,340,670
79$2,830,687$686,690$375,769$1,395,137
80$3,062,888$663,808$331,828$1,454,596
81$3,316,993$638,025$284,635$1,519,620
82$3,595,180$609,142$234,023$1,590,847
83$3,899,847$576,948$179,822$1,668,986
84$4,233,636$541,223$121,850$1,754,823
85$4,599,456$501,732$59,921$1,849,232
86$5,000,509$458,226$0$1,953,183
87$5,440,326$410,444$0$2,069,659
88$5,922,791$358,107$0$2,217,858
89$6,452,185$300,925$0$2,380,605
90$7,033,224$238,586$0$2,559,439
91$7,671,101$170,764$0$2,756,055
92$8,371,536$97,115$0$2,972,329
93$9,140,832$17,273$0$3,210,334
94$9,985,932$0$0$3,472,360
95$10,914,483$0$0$3,790,612
96$11,934,911$0$0$4,148,620
97$13,056,497$0$0$4,542,243
98$14,289,468$0$0$4,975,085
99$15,645,091$0$0$5,451,117
100$17,135,777$0$0$5,974,714