Can I retire at age 61 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$60,861$60,319$59,790$59,274$58,769$57,025
2 years$30,129$29,568$29,024$28,497$27,985$26,243
3 years$19,887$19,323$18,781$18,258$17,755$16,068
4 years$14,766$14,204$13,667$13,154$12,663$11,045
5 years$11,695$11,136$10,606$10,104$9,626$8,082
6 years$9,648$9,094$8,572$8,080$7,617$6,147
7 years$8,187$7,637$7,123$6,643$6,195$4,799
8 years$7,091$6,546$6,041$5,573$5,139$3,818
9 years$6,239$5,700$5,203$4,747$4,328$3,079
10 years$5,558$5,024$4,536$4,092$3,688$2,509
11 years$5,001$4,473$3,994$3,561$3,171$2,062
12 years$4,538$4,014$3,544$3,123$2,748$1,705
13 years$4,146$3,628$3,166$2,758$2,397$1,418
14 years$3,810$3,298$2,845$2,448$2,101$1,183
15 years$3,519$3,012$2,569$2,183$1,850$991
16 years$3,265$2,764$2,329$1,955$1,635$833
17 years$3,041$2,545$2,119$1,756$1,449$701
18 years$2,842$2,352$1,935$1,583$1,289$592
19 years$2,665$2,180$1,771$1,430$1,149$500
20 years$2,505$2,026$1,625$1,295$1,026$423
21 years$2,360$1,887$1,495$1,176$918$358
22 years$2,229$1,761$1,378$1,069$823$304
23 years$2,110$1,647$1,272$973$739$258
24 years$2,001$1,543$1,177$888$664$219
25 years$1,900$1,448$1,090$811$598$186
26 years$1,808$1,361$1,011$741$538$158
27 years$1,722$1,281$939$679$485$135
28 years$1,643$1,207$872$622$438$114
29 years$1,569$1,139$812$570$395$97
30 years$1,500$1,075$756$523$357$83
31 years$1,436$1,017$705$481$323$71
32 years$1,376$962$658$442$292$60
33 years$1,320$911$614$406$264$51
34 years$1,267$863$574$374$239$44
35 years$1,217$819$537$344$217$37
36 years$1,171$777$502$317$196$32
37 years$1,126$738$470$292$178$27
38 years$1,085$702$440$269$161$23
39 years$1,045$667$412$248$146$20
40 years$1,008$635$386$229$133$17
41 years$972$604$362$211$120$14
42 years$938$575$340$195$109$12
43 years$906$548$319$180$99$10
44 years$876$523$299$166$90$9
45 years$847$498$281$153$82$8
46 years$819$475$264$142$74$6
47 years$792$454$248$131$67$5
48 years$767$433$233$121$61$5
49 years$743$414$219$112$56$4
50 years$720$395$206$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $737,000, adding $6,848 every year, while hoping to spend $51,150 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: 44/40/16 Blend
60$737,000$737,000$737,000$737,000
61$819,238$780,177$768,753$851,222
62$848,377$763,982$740,083$858,109
63$878,774$745,280$708,738$859,937
64$910,503$723,893$674,575$860,822
65$943,644$699,633$637,444$860,700
66$978,284$672,304$597,187$859,503
67$1,014,517$641,695$553,640$857,163
68$1,052,444$607,584$506,633$853,606
69$1,092,174$569,736$455,986$848,759
70$1,133,827$527,905$401,513$842,544
71$1,177,531$481,826$343,018$834,882
72$1,223,427$431,223$280,296$825,689
73$1,271,667$375,803$213,136$814,883
74$1,322,415$315,256$141,315$802,376
75$1,375,853$249,254$64,600$788,081
76$1,432,175$177,454$0$771,908
77$1,491,597$99,488$0$756,713
78$1,554,349$14,972$0$751,416
79$1,620,686$0$0$744,931
80$1,690,885$0$0$770,883
81$1,765,248$0$0$805,397
82$1,844,106$0$0$842,042
83$1,927,820$0$0$880,991
84$2,016,785$0$0$922,434
85$2,111,432$0$0$966,580
86$2,212,235$0$0$1,013,655
87$2,319,711$0$0$1,063,909
88$2,434,427$0$0$1,117,615
89$2,557,004$0$0$1,175,072
90$2,688,124$0$0$1,236,609
91$2,828,532$0$0$1,302,586
92$2,979,048$0$0$1,373,397
93$3,140,570$0$0$1,449,477
94$3,314,083$0$0$1,531,300
95$3,500,670$0$0$1,619,390
96$3,701,518$0$0$1,714,320
97$3,917,931$0$0$1,816,719
98$4,151,343$0$0$1,927,281
99$4,403,327$0$0$2,046,766
100$4,675,612$0$0$2,176,010