Can I retire at age 61 with 734,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$60,613$60,073$59,546$59,032$58,530$57,919
2 years$30,006$29,448$28,906$28,381$27,872$27,256
3 years$19,806$19,244$18,704$18,184$17,683$17,082
4 years$14,706$14,147$13,612$13,100$12,612$12,030
5 years$11,647$11,091$10,563$10,062$9,587$9,027
6 years$9,609$9,057$8,537$8,047$7,586$7,048
7 years$8,153$7,606$7,094$6,616$6,169$5,653
8 years$7,062$6,520$6,016$5,550$5,118$4,624
9 years$6,214$5,676$5,182$4,727$4,310$3,838
10 years$5,536$5,004$4,518$4,075$3,672$3,222
11 years$4,981$4,454$3,977$3,546$3,158$2,729
12 years$4,519$3,998$3,530$3,111$2,737$2,328
13 years$4,129$3,613$3,154$2,746$2,387$1,998
14 years$3,794$3,284$2,834$2,438$2,092$1,723
15 years$3,505$3,000$2,558$2,174$1,842$1,492
16 years$3,252$2,753$2,319$1,947$1,628$1,297
17 years$3,029$2,535$2,111$1,749$1,444$1,130
18 years$2,831$2,342$1,927$1,576$1,284$987
19 years$2,654$2,171$1,764$1,424$1,144$865
20 years$2,495$2,017$1,619$1,290$1,022$758
21 years$2,351$1,879$1,489$1,171$914$666
22 years$2,220$1,754$1,372$1,064$820$586
23 years$2,101$1,641$1,267$969$736$517
24 years$1,992$1,537$1,172$884$661$456
25 years$1,892$1,442$1,085$807$595$402
26 years$1,800$1,356$1,007$738$536$355
27 years$1,715$1,276$935$676$483$314
28 years$1,636$1,202$869$619$436$278
29 years$1,563$1,134$809$568$394$246
30 years$1,494$1,071$753$521$356$218
31 years$1,430$1,013$702$479$322$193
32 years$1,370$958$655$440$291$171
33 years$1,314$907$612$404$263$152
34 years$1,262$860$572$372$238$134
35 years$1,212$816$534$343$216$119
36 years$1,166$774$500$316$196$106
37 years$1,122$735$468$291$177$94
38 years$1,080$699$438$268$161$83
39 years$1,041$664$410$247$146$74
40 years$1,003$632$385$228$132$66
41 years$968$602$361$210$120$58
42 years$934$573$338$194$109$52
43 years$903$546$318$179$99$46
44 years$872$521$298$165$90$41
45 years$843$496$280$153$81$36
46 years$815$473$263$141$74$32
47 years$789$452$247$130$67$29
48 years$764$431$232$120$61$25
49 years$740$412$218$111$55$23
50 years$717$393$205$103$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $734,000, adding $4,273 every year, while hoping to spend $58,266 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: 54/17/29 Blend
60$734,000$734,000$734,000$734,000
61$813,276$774,374$762,997$850,417
62$834,235$750,323$726,562$852,537
63$855,380$723,142$686,955$848,544
64$876,667$692,614$644,006$843,042
65$898,047$658,513$597,541$835,910
66$919,465$620,597$547,376$827,015
67$940,857$578,613$493,319$816,218
68$962,151$532,291$435,171$803,368
69$983,264$481,347$372,723$788,303
70$1,004,104$425,480$305,757$770,848
71$1,024,568$364,373$234,045$750,818
72$1,044,537$297,691$157,348$728,012
73$1,063,880$225,078$75,420$702,213
74$1,082,449$146,160$0$673,189
75$1,100,079$60,542$0$644,408
76$1,116,584$0$0$637,031
77$1,131,759$0$0$633,515
78$1,145,372$0$0$640,356
79$1,157,165$0$0$646,076
80$1,166,854$0$0$650,501
81$1,174,117$0$0$653,442
82$1,178,601$0$0$654,684
83$1,179,911$0$0$653,994
84$1,177,610$0$0$651,108
85$1,171,210$0$0$645,735
86$1,160,172$0$0$637,552
87$1,143,897$0$0$626,203
88$1,121,722$0$0$611,290
89$1,092,911$0$0$592,375
90$1,056,650$0$0$568,969
91$1,012,037$0$0$540,537
92$958,073$0$0$506,480
93$893,652$0$0$466,140
94$817,554$0$0$418,787
95$728,425$0$0$363,614
96$624,770$0$0$299,731
97$504,937$0$0$226,151
98$367,099$0$0$141,785
99$209,238$0$0$45,430
100$29,122$0$0$0