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%12.8%
1 years$60,861$60,319$59,790$59,274$58,769$58,083
2 years$30,129$29,568$29,024$28,497$27,985$27,295
3 years$19,887$19,323$18,781$18,258$17,755$17,081
4 years$14,766$14,204$13,667$13,154$12,663$12,011
5 years$11,695$11,136$10,606$10,104$9,626$8,999
6 years$9,648$9,094$8,572$8,080$7,617$7,014
7 years$8,187$7,637$7,123$6,643$6,195$5,617
8 years$7,091$6,546$6,041$5,573$5,139$4,586
9 years$6,239$5,700$5,203$4,747$4,328$3,800
10 years$5,558$5,024$4,536$4,092$3,688$3,184
11 years$5,001$4,473$3,994$3,561$3,171$2,692
12 years$4,538$4,014$3,544$3,123$2,748$2,292
13 years$4,146$3,628$3,166$2,758$2,397$1,963
14 years$3,810$3,298$2,845$2,448$2,101$1,690
15 years$3,519$3,012$2,569$2,183$1,850$1,461
16 years$3,265$2,764$2,329$1,955$1,635$1,267
17 years$3,041$2,545$2,119$1,756$1,449$1,102
18 years$2,842$2,352$1,935$1,583$1,289$960
19 years$2,665$2,180$1,771$1,430$1,149$839
20 years$2,505$2,026$1,625$1,295$1,026$735
21 years$2,360$1,887$1,495$1,176$918$644
22 years$2,229$1,761$1,378$1,069$823$565
23 years$2,110$1,647$1,272$973$739$497
24 years$2,001$1,543$1,177$888$664$437
25 years$1,900$1,448$1,090$811$598$385
26 years$1,808$1,361$1,011$741$538$339
27 years$1,722$1,281$939$679$485$299
28 years$1,643$1,207$872$622$438$264
29 years$1,569$1,139$812$570$395$233
30 years$1,500$1,075$756$523$357$206
31 years$1,436$1,017$705$481$323$182
32 years$1,376$962$658$442$292$161
33 years$1,320$911$614$406$264$142
34 years$1,267$863$574$374$239$126
35 years$1,217$819$537$344$217$111
36 years$1,171$777$502$317$196$99
37 years$1,126$738$470$292$178$87
38 years$1,085$702$440$269$161$77
39 years$1,045$667$412$248$146$68
40 years$1,008$635$386$229$133$61
41 years$972$604$362$211$120$54
42 years$938$575$340$195$109$48
43 years$906$548$319$180$99$42
44 years$876$523$299$166$90$37
45 years$847$498$281$153$82$33
46 years$819$475$264$142$74$29
47 years$792$454$248$131$67$26
48 years$767$433$233$121$61$23
49 years$743$414$219$112$56$20
50 years$720$395$206$103$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $737,000, adding $2,813 every year, while hoping to spend $28,925 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: 72/20/8 Blend
60$737,000$737,000$737,000$737,000
61$815,076$776,015$764,591$872,489
62$867,437$783,263$759,429$918,022
63$924,171$789,898$753,124$963,990
64$985,691$795,857$745,609$1,013,518
65$1,052,454$801,078$736,810$1,066,947
66$1,124,964$805,490$726,652$1,124,656
67$1,203,771$809,020$715,056$1,187,062
68$1,289,486$811,592$701,940$1,254,623
69$1,382,775$813,122$687,217$1,327,847
70$1,484,376$813,522$670,796$1,407,290
71$1,595,097$812,700$652,583$1,493,569
72$1,715,830$810,555$632,478$1,587,362
73$1,847,556$806,984$610,377$1,689,416
74$1,991,355$801,874$586,173$1,800,555
75$2,148,414$795,107$559,751$1,921,689
76$2,320,043$786,558$530,993$2,053,819
77$2,507,681$776,093$499,775$2,198,051
78$2,712,915$763,571$465,968$2,355,602
79$2,937,490$748,844$429,436$2,527,816
80$3,183,330$731,753$390,037$2,716,172
81$3,452,550$712,130$347,625$2,922,305
82$3,747,484$689,798$302,044$3,148,013
83$4,070,698$664,569$253,133$3,395,282
84$4,425,021$636,245$200,725$3,666,300
85$4,813,567$604,614$144,642$3,963,480
86$5,239,766$569,455$84,703$4,289,481
87$5,707,397$530,533$20,715$4,647,237
88$6,220,620$487,599$0$5,039,981
89$6,784,022$440,389$0$5,475,338
90$7,402,650$388,627$0$5,955,330
91$8,082,069$332,018$0$6,482,539
92$8,828,405$270,252$0$7,061,761
93$9,648,409$203,001$0$7,698,284
94$10,549,519$129,919$0$8,397,936
95$11,539,926$50,642$0$9,167,141
96$12,628,656$0$0$10,012,978
97$13,825,655$0$0$10,951,005
98$15,141,877$0$0$11,994,755
99$16,589,392$0$0$13,142,660
100$18,181,501$0$0$14,405,272