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%15.1%
1 years$60,448$59,909$59,384$58,871$58,371$57,145
2 years$29,925$29,367$28,827$28,304$27,796$26,567
3 years$19,752$19,192$18,653$18,134$17,635$16,441
4 years$14,666$14,108$13,575$13,065$12,577$11,428
5 years$11,616$11,061$10,535$10,035$9,561$8,459
6 years$9,583$9,032$8,513$8,025$7,565$6,512
7 years$8,131$7,585$7,075$6,598$6,153$5,148
8 years$7,043$6,502$6,000$5,535$5,104$4,148
9 years$6,197$5,661$5,168$4,714$4,298$3,390
10 years$5,520$4,990$4,505$4,064$3,662$2,801
11 years$4,967$4,442$3,966$3,537$3,150$2,334
12 years$4,507$3,987$3,520$3,102$2,730$1,958
13 years$4,118$3,603$3,145$2,739$2,380$1,652
14 years$3,784$3,275$2,826$2,431$2,087$1,400
15 years$3,495$2,992$2,551$2,168$1,837$1,191
16 years$3,243$2,745$2,313$1,941$1,624$1,017
17 years$3,021$2,528$2,105$1,744$1,440$870
18 years$2,823$2,336$1,921$1,572$1,280$746
19 years$2,647$2,165$1,759$1,420$1,141$641
20 years$2,488$2,012$1,614$1,286$1,019$551
21 years$2,344$1,874$1,485$1,168$912$475
22 years$2,214$1,749$1,369$1,062$817$410
23 years$2,096$1,636$1,264$967$734$354
24 years$1,987$1,533$1,169$882$660$306
25 years$1,887$1,439$1,082$805$594$264
26 years$1,795$1,352$1,004$736$535$229
27 years$1,710$1,272$932$674$482$198
28 years$1,631$1,199$867$617$435$172
29 years$1,558$1,131$806$566$393$149
30 years$1,490$1,068$751$520$355$129
31 years$1,426$1,010$700$477$321$112
32 years$1,367$955$653$439$290$97
33 years$1,311$905$610$403$263$84
34 years$1,258$858$570$371$238$73
35 years$1,209$813$533$342$215$63
36 years$1,163$772$499$315$195$55
37 years$1,119$733$467$290$177$48
38 years$1,077$697$437$267$160$41
39 years$1,038$663$409$246$145$36
40 years$1,001$630$384$227$132$31
41 years$965$600$360$210$120$27
42 years$932$572$338$194$109$24
43 years$900$545$317$179$99$20
44 years$870$519$297$165$89$18
45 years$841$495$279$152$81$15
46 years$813$472$262$141$74$13
47 years$787$451$246$130$67$12
48 years$762$430$231$120$61$10
49 years$738$411$218$111$55$9
50 years$715$392$205$103$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $732,000, adding $2,730 every year, while hoping to spend $27,534 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: 59/30/11 Blend
60$732,000$732,000$732,000$732,000
61$809,480$770,684$759,338$854,946
62$862,751$779,152$755,480$894,331
63$920,533$787,111$750,570$933,919
64$983,256$794,509$744,543$976,418
65$1,051,396$801,287$737,333$1,022,112
66$1,125,473$807,385$728,868$1,071,311
67$1,206,061$812,737$719,075$1,124,361
68$1,293,792$817,273$707,876$1,181,641
69$1,389,359$820,920$695,191$1,243,570
70$1,493,528$823,600$680,934$1,310,611
71$1,607,140$825,228$665,017$1,383,274
72$1,731,119$825,715$647,346$1,462,124
73$1,866,487$824,968$627,826$1,547,782
74$2,014,364$822,887$606,353$1,640,934
75$2,175,985$819,365$582,822$1,742,339
76$2,352,710$814,289$557,122$1,852,831
77$2,546,037$807,540$529,136$1,973,335
78$2,757,614$798,990$498,743$2,104,868
79$2,989,256$788,506$465,816$2,248,553
80$3,242,963$775,945$430,223$2,405,631
81$3,520,934$761,155$391,825$2,577,470
82$3,825,595$743,977$350,476$2,765,579
83$4,159,615$724,242$306,027$2,971,623
84$4,525,935$701,769$258,319$3,197,440
85$4,927,795$676,370$207,186$3,445,058
86$5,368,760$647,843$152,458$3,716,714
87$5,852,762$615,975$93,953$4,014,875
88$6,384,128$580,542$31,485$4,342,264
89$6,967,627$541,306$0$4,701,883
90$7,608,510$498,016$0$5,101,175
91$8,312,564$450,405$0$5,543,876
92$9,086,164$398,192$0$6,030,344
93$9,936,330$341,082$0$6,565,051
94$10,870,800$278,759$0$7,152,927
95$11,898,096$210,893$0$7,799,409
96$13,027,609$137,133$0$8,510,493
97$14,269,683$57,110$0$9,292,789
98$15,635,716$0$0$10,153,583
99$17,138,266$0$0$11,110,672
100$18,791,168$0$0$12,184,339