Can I retire at age 61 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$60,530$59,991$59,465$58,952$58,450$58,155
2 years$29,966$29,407$28,867$28,342$27,834$27,536
3 years$19,779$19,218$18,679$18,159$17,659$17,367
4 years$14,686$14,127$13,593$13,083$12,594$12,312
5 years$11,631$11,076$10,549$10,049$9,574$9,301
6 years$9,596$9,044$8,525$8,036$7,576$7,312
7 years$8,142$7,595$7,084$6,607$6,161$5,908
8 years$7,052$6,511$6,008$5,542$5,111$4,868
9 years$6,205$5,669$5,175$4,721$4,304$4,071
10 years$5,528$4,997$4,512$4,069$3,667$3,444
11 years$4,974$4,448$3,972$3,542$3,154$2,941
12 years$4,513$3,993$3,525$3,106$2,733$2,530
13 years$4,123$3,608$3,149$2,743$2,384$2,189
14 years$3,789$3,280$2,830$2,435$2,089$1,904
15 years$3,500$2,996$2,555$2,171$1,840$1,663
16 years$3,247$2,749$2,316$1,944$1,626$1,458
17 years$3,025$2,532$2,108$1,747$1,442$1,283
18 years$2,827$2,339$1,924$1,574$1,282$1,131
19 years$2,650$2,168$1,761$1,422$1,143$1,000
20 years$2,491$2,015$1,617$1,288$1,021$885
21 years$2,348$1,877$1,487$1,169$913$785
22 years$2,217$1,752$1,370$1,063$819$698
23 years$2,098$1,638$1,265$968$735$621
24 years$1,990$1,535$1,170$883$660$553
25 years$1,890$1,441$1,084$806$594$493
26 years$1,798$1,354$1,005$737$535$440
27 years$1,713$1,274$933$675$483$393
28 years$1,634$1,201$868$618$436$351
29 years$1,560$1,133$808$567$393$314
30 years$1,492$1,070$752$520$355$281
31 years$1,428$1,011$701$478$321$252
32 years$1,369$957$654$439$291$226
33 years$1,313$906$611$404$263$202
34 years$1,260$859$571$372$238$181
35 years$1,211$815$534$342$216$162
36 years$1,164$773$499$315$195$146
37 years$1,120$734$467$290$177$131
38 years$1,079$698$438$268$161$117
39 years$1,039$664$410$247$146$105
40 years$1,002$631$384$228$132$95
41 years$967$601$360$210$120$85
42 years$933$572$338$194$109$76
43 years$901$545$317$179$99$69
44 years$871$520$298$165$90$62
45 years$842$496$280$153$81$55
46 years$814$473$263$141$74$50
47 years$788$451$247$130$67$45
48 years$763$431$232$120$61$40
49 years$739$411$218$111$55$36
50 years$716$393$205$103$50$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $733,000, adding $3,717 every year, while hoping to spend $57,683 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: 74/14/12 Blend
60$733,000$733,000$733,000$733,000
61$811,600$772,751$761,390$869,426
62$833,009$749,242$725,522$884,615
63$854,668$722,647$686,519$893,702
64$876,543$692,755$644,216$902,076
65$898,591$659,341$598,438$909,650
66$920,767$622,168$549,006$916,327
67$943,016$580,985$495,728$922,004
68$965,277$535,527$438,408$926,567
69$987,480$485,512$376,839$929,894
70$1,009,545$430,645$310,806$931,848
71$1,031,384$370,611$240,083$932,283
72$1,052,894$305,080$164,435$931,039
73$1,073,962$233,702$83,616$927,941
74$1,094,460$156,107$0$922,800
75$1,114,243$71,904$0$915,744
76$1,133,151$0$0$917,657
77$1,151,003$0$0$920,587
78$1,167,598$0$0$933,551
79$1,182,709$0$0$945,289
80$1,196,087$0$0$955,594
81$1,207,450$0$0$964,237
82$1,216,488$0$0$970,964
83$1,222,853$0$0$975,491
84$1,226,158$0$0$977,502
85$1,225,976$0$0$976,648
86$1,221,830$0$0$972,539
87$1,213,191$0$0$964,743
88$1,199,474$0$0$952,782
89$1,180,027$0$0$936,124
90$1,154,130$0$0$914,182
91$1,120,984$0$0$886,302
92$1,079,705$0$0$851,763
93$1,029,314$0$0$809,765
94$968,726$0$0$759,424
95$896,743$0$0$699,761
96$812,037$0$0$629,693
97$713,142$0$0$548,022
98$598,436$0$0$453,424
99$466,124$0$0$344,438
100$314,227$0$0$219,445