Can I retire at age 61 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$60,613$60,073$59,546$59,032$58,530$57,967
2 years$30,006$29,448$28,906$28,381$27,872$27,304
3 years$19,806$19,244$18,704$18,184$17,683$17,129
4 years$14,706$14,147$13,612$13,100$12,612$12,076
5 years$11,647$11,091$10,563$10,062$9,587$9,070
6 years$9,609$9,057$8,537$8,047$7,586$7,089
7 years$8,153$7,606$7,094$6,616$6,169$5,693
8 years$7,062$6,520$6,016$5,550$5,118$4,662
9 years$6,214$5,676$5,182$4,727$4,310$3,874
10 years$5,536$5,004$4,518$4,075$3,672$3,256
11 years$4,981$4,454$3,977$3,546$3,158$2,761
12 years$4,519$3,998$3,530$3,111$2,737$2,359
13 years$4,129$3,613$3,154$2,746$2,387$2,027
14 years$3,794$3,284$2,834$2,438$2,092$1,750
15 years$3,505$3,000$2,558$2,174$1,842$1,518
16 years$3,252$2,753$2,319$1,947$1,628$1,321
17 years$3,029$2,535$2,111$1,749$1,444$1,153
18 years$2,831$2,342$1,927$1,576$1,284$1,009
19 years$2,654$2,171$1,764$1,424$1,144$884
20 years$2,495$2,017$1,619$1,290$1,022$777
21 years$2,351$1,879$1,489$1,171$914$684
22 years$2,220$1,754$1,372$1,064$820$603
23 years$2,101$1,641$1,267$969$736$532
24 years$1,992$1,537$1,172$884$661$470
25 years$1,892$1,442$1,085$807$595$415
26 years$1,800$1,356$1,007$738$536$367
27 years$1,715$1,276$935$676$483$325
28 years$1,636$1,202$869$619$436$288
29 years$1,563$1,134$809$568$394$255
30 years$1,494$1,071$753$521$356$227
31 years$1,430$1,013$702$479$322$201
32 years$1,370$958$655$440$291$179
33 years$1,314$907$612$404$263$159
34 years$1,262$860$572$372$238$141
35 years$1,212$816$534$343$216$125
36 years$1,166$774$500$316$196$111
37 years$1,122$735$468$291$177$99
38 years$1,080$699$438$268$161$88
39 years$1,041$664$410$247$146$78
40 years$1,003$632$385$228$132$70
41 years$968$602$361$210$120$62
42 years$934$573$338$194$109$55
43 years$903$546$318$179$99$49
44 years$872$521$298$165$90$44
45 years$843$496$280$153$81$39
46 years$815$473$263$141$74$34
47 years$789$452$247$130$67$31
48 years$764$431$232$120$61$27
49 years$740$412$218$111$55$24
50 years$717$393$205$103$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $734,000, adding $4,942 every year, while hoping to spend $33,221 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: 81/12/7 Blend
60$734,000$734,000$734,000$734,000
61$813,966$775,064$763,687$878,913
62$861,643$777,695$753,923$924,770
63$913,071$779,342$742,719$970,173
64$968,595$779,921$729,992$1,018,991
65$1,028,598$779,343$715,653$1,071,549
66$1,093,500$777,516$699,612$1,128,202
67$1,163,761$774,338$681,773$1,189,342
68$1,239,888$769,704$662,036$1,255,402
69$1,322,439$763,502$640,297$1,326,857
70$1,412,027$755,613$616,446$1,404,233
71$1,509,327$745,911$590,369$1,488,106
72$1,615,078$734,261$561,947$1,579,113
73$1,730,098$720,522$531,055$1,677,955
74$1,855,284$704,543$497,561$1,785,407
75$1,991,624$686,166$461,330$1,902,319
76$2,140,204$665,223$422,218$2,029,629
77$2,302,220$641,534$380,078$2,168,374
78$2,478,989$614,911$334,753$2,319,692
79$2,671,959$585,156$286,081$2,484,841
80$2,882,726$552,056$233,892$2,665,205
81$3,113,046$515,388$178,009$2,862,311
82$3,364,851$474,916$118,246$3,077,841
83$3,640,269$430,391$54,411$3,313,650
84$3,941,645$381,548$0$3,571,783
85$4,271,558$328,109$0$3,855,515
86$4,632,851$269,780$0$4,170,711
87$5,028,651$206,248$0$4,516,057
88$5,462,405$137,186$0$4,894,585
89$5,937,908$62,246$0$5,309,642
90$6,459,340$0$0$5,764,911
91$7,031,305$0$0$6,266,953
92$7,658,873$0$0$6,826,840
93$8,347,630$0$0$7,441,335
94$9,103,729$0$0$8,115,931
95$9,933,945$0$0$8,856,676
96$10,845,745$0$0$9,670,234
97$11,847,353$0$0$10,563,946
98$12,947,827$0$0$11,545,898
99$14,157,150$0$0$12,624,998
100$15,486,316$0$0$13,811,061