Can I retire at age 61 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$61,356$60,810$60,277$59,756$59,248$58,825
2 years$30,374$29,809$29,260$28,729$28,213$27,787
3 years$20,048$19,480$18,933$18,407$17,900$17,483
4 years$14,886$14,320$13,779$13,261$12,766$12,362
5 years$11,790$11,227$10,693$10,186$9,705$9,315
6 years$9,727$9,168$8,641$8,146$7,679$7,304
7 years$8,253$7,699$7,181$6,697$6,245$5,885
8 years$7,149$6,600$6,090$5,618$5,181$4,835
9 years$6,290$5,746$5,245$4,785$4,363$4,032
10 years$5,603$5,065$4,573$4,125$3,718$3,401
11 years$5,042$4,509$4,026$3,590$3,197$2,895
12 years$4,575$4,047$3,573$3,149$2,771$2,482
13 years$4,179$3,657$3,192$2,780$2,416$2,141
14 years$3,841$3,324$2,868$2,468$2,118$1,857
15 years$3,548$3,037$2,590$2,201$1,865$1,616
16 years$3,292$2,786$2,348$1,971$1,648$1,412
17 years$3,066$2,566$2,136$1,771$1,461$1,238
18 years$2,865$2,371$1,950$1,596$1,299$1,088
19 years$2,686$2,198$1,785$1,442$1,158$958
20 years$2,525$2,042$1,639$1,306$1,034$845
21 years$2,380$1,902$1,507$1,185$926$747
22 years$2,248$1,776$1,389$1,078$830$661
23 years$2,127$1,661$1,283$981$745$586
24 years$2,017$1,556$1,186$895$669$520
25 years$1,916$1,460$1,099$817$602$462
26 years$1,822$1,372$1,019$747$543$411
27 years$1,736$1,292$946$684$489$365
28 years$1,656$1,217$880$627$441$325
29 years$1,582$1,148$819$575$399$290
30 years$1,512$1,084$762$527$360$258
31 years$1,448$1,025$711$484$326$230
32 years$1,387$970$663$445$295$206
33 years$1,331$918$619$409$267$183
34 years$1,277$870$579$377$241$164
35 years$1,227$826$541$347$219$146
36 years$1,180$784$506$319$198$131
37 years$1,136$744$474$294$180$117
38 years$1,093$707$444$271$163$104
39 years$1,054$673$416$250$148$93
40 years$1,016$640$389$231$134$83
41 years$980$609$365$213$121$75
42 years$946$580$343$196$110$67
43 years$914$553$321$181$100$60
44 years$883$527$302$167$91$53
45 years$853$502$283$155$82$48
46 years$825$479$266$143$75$43
47 years$799$457$250$132$68$38
48 years$773$437$235$122$62$34
49 years$749$417$221$113$56$31
50 years$725$398$208$104$51$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $743,000, adding $3,661 every year, while hoping to spend $20,793 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: 58/23/19 Blend
60$743,000$743,000$743,000$743,000
61$822,562$783,183$771,667$865,946
62$884,340$799,436$775,394$912,074
63$951,722$815,788$778,549$959,760
64$1,025,259$832,222$781,091$1,011,281
65$1,105,554$848,720$782,977$1,067,011
66$1,193,275$865,262$784,161$1,127,361
67$1,289,155$881,825$784,596$1,192,785
68$1,394,000$898,386$784,232$1,263,785
69$1,508,700$914,919$783,015$1,340,911
70$1,634,234$931,396$780,893$1,424,772
71$1,771,679$947,788$777,806$1,516,039
72$1,922,222$964,061$773,694$1,615,450
73$2,087,170$980,182$768,495$1,723,819
74$2,267,963$996,112$762,141$1,842,046
75$2,466,185$1,011,812$754,563$1,971,119
76$2,683,584$1,027,238$745,688$2,112,131
77$2,922,081$1,042,344$735,440$2,266,283
78$3,183,795$1,057,081$723,739$2,434,904
79$3,471,059$1,071,395$710,501$2,619,454
80$3,786,443$1,085,230$695,639$2,821,545
81$4,132,779$1,098,525$679,062$3,042,955
82$4,513,185$1,111,215$660,673$3,285,642
83$4,931,096$1,123,230$640,372$3,551,767
84$5,390,298$1,134,499$618,054$3,843,709
85$5,894,959$1,144,940$593,610$4,164,093
86$6,449,674$1,154,471$566,925$4,515,813
87$7,059,502$1,163,002$537,878$4,902,059
88$7,730,020$1,170,438$506,346$5,326,345
89$8,467,370$1,176,677$472,196$5,792,549
90$9,278,320$1,181,612$435,293$6,304,943
91$10,170,325$1,185,128$395,492$6,868,238
92$11,151,602$1,187,103$352,645$7,487,625
93$12,231,203$1,187,408$306,595$8,168,829
94$13,419,099$1,185,905$257,180$8,918,160
95$14,726,282$1,182,448$204,230$9,742,571
96$16,164,857$1,176,883$147,566$10,649,730
97$17,748,167$1,169,045$87,004$11,648,089
98$19,490,911$1,158,759$22,350$12,746,962
99$21,409,286$1,145,840$0$13,956,618
100$23,521,140$1,130,094$0$15,297,834