Can I retire at age 61 with 736,000?

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 $736,000?

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$60,778$60,237$59,709$59,193$58,690$58,077
2 years$30,088$29,528$28,985$28,458$27,947$27,330
3 years$19,860$19,297$18,755$18,233$17,731$17,129
4 years$14,746$14,185$13,649$13,136$12,646$12,063
5 years$11,679$11,121$10,592$10,090$9,613$9,051
6 years$9,635$9,081$8,560$8,069$7,607$7,067
7 years$8,175$7,627$7,113$6,634$6,186$5,668
8 years$7,081$6,537$6,033$5,565$5,132$4,636
9 years$6,231$5,692$5,196$4,740$4,322$3,848
10 years$5,551$5,017$4,530$4,086$3,683$3,230
11 years$4,995$4,467$3,988$3,556$3,167$2,736
12 years$4,532$4,009$3,539$3,119$2,745$2,334
13 years$4,140$3,623$3,162$2,754$2,393$2,003
14 years$3,805$3,293$2,841$2,444$2,098$1,728
15 years$3,515$3,008$2,565$2,180$1,847$1,496
16 years$3,261$2,760$2,326$1,952$1,633$1,300
17 years$3,037$2,542$2,116$1,754$1,448$1,133
18 years$2,838$2,349$1,932$1,581$1,287$990
19 years$2,661$2,177$1,769$1,428$1,147$867
20 years$2,501$2,023$1,623$1,293$1,025$761
21 years$2,357$1,884$1,493$1,174$917$668
22 years$2,226$1,759$1,376$1,067$822$588
23 years$2,107$1,645$1,271$972$738$518
24 years$1,998$1,541$1,175$887$663$457
25 years$1,898$1,446$1,088$810$597$403
26 years$1,805$1,359$1,009$740$538$356
27 years$1,720$1,279$937$678$485$315
28 years$1,640$1,206$871$621$437$279
29 years$1,567$1,137$811$569$395$247
30 years$1,498$1,074$755$523$357$218
31 years$1,434$1,015$704$480$323$193
32 years$1,374$961$657$441$292$171
33 years$1,318$910$613$406$264$152
34 years$1,265$862$573$373$239$135
35 years$1,216$818$536$344$217$120
36 years$1,169$776$501$316$196$106
37 years$1,125$737$469$291$178$94
38 years$1,083$701$439$269$161$84
39 years$1,044$666$412$248$146$74
40 years$1,006$634$386$228$133$66
41 years$971$603$362$211$120$58
42 years$937$575$339$195$109$52
43 years$905$548$318$180$99$46
44 years$874$522$299$166$90$41
45 years$845$498$281$153$82$36
46 years$818$475$264$141$74$32
47 years$791$453$248$131$67$29
48 years$766$433$233$121$61$26
49 years$742$413$219$112$56$23
50 years$719$395$206$103$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $736,000, adding $2,221 every year, while hoping to spend $36,746 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: 32/41/27 Blend
60$736,000$736,000$736,000$736,000
61$813,363$774,355$762,947$832,622
62$857,229$773,201$749,408$846,373
63$904,337$770,759$734,184$857,763
64$954,980$766,926$717,180$869,307
65$1,009,478$761,596$698,296$881,044
66$1,068,183$754,653$677,427$893,020
67$1,131,482$745,975$654,466$905,288
68$1,199,800$735,434$629,296$917,911
69$1,273,602$722,893$601,800$930,962
70$1,353,402$708,207$571,853$944,525
71$1,439,763$691,224$539,325$958,695
72$1,533,305$671,780$504,078$973,584
73$1,634,709$649,704$465,971$989,319
74$1,744,723$624,814$424,856$1,006,043
75$1,864,173$596,917$380,576$1,023,922
76$1,993,963$565,810$332,970$1,043,142
77$2,135,090$531,278$281,867$1,063,915
78$2,288,651$493,093$227,092$1,086,480
79$2,455,853$451,014$168,459$1,111,108
80$2,638,022$404,786$105,775$1,138,103
81$2,836,621$354,141$38,838$1,167,810
82$3,053,257$298,794$0$1,200,614
83$3,289,699$238,445$0$1,246,339
84$3,547,896$172,777$0$1,308,633
85$3,829,993$101,454$0$1,376,907
86$4,138,350$24,123$0$1,451,841
87$4,475,568$0$0$1,534,190
88$4,844,507$0$0$1,651,678
89$5,248,319$0$0$1,792,293
90$5,690,476$0$0$1,946,373
91$6,174,797$0$0$2,115,264
92$6,705,492$0$0$2,300,449
93$7,287,194$0$0$2,503,559
94$7,925,010$0$0$2,726,393
95$8,624,559$0$0$2,970,931
96$9,392,036$0$0$3,239,356
97$10,234,260$0$0$3,534,069
98$11,158,745$0$0$3,857,719
99$12,173,765$0$0$4,213,220
100$13,288,438$0$0$4,603,787