Can I retire at age 61 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$62,017$61,464$60,926$60,399$59,886$58,845
2 years$30,701$30,130$29,575$29,038$28,517$27,472
3 years$20,264$19,690$19,137$18,605$18,092$17,076
4 years$15,047$14,474$13,927$13,404$12,904$11,923
5 years$11,917$11,348$10,808$10,295$9,809$8,867
6 years$9,831$9,266$8,734$8,233$7,762$6,859
7 years$8,342$7,782$7,258$6,769$6,312$5,450
8 years$7,226$6,671$6,156$5,678$5,237$4,414
9 years$6,358$5,808$5,302$4,837$4,410$3,627
10 years$5,664$5,119$4,622$4,169$3,758$3,014
11 years$5,096$4,558$4,069$3,629$3,232$2,526
12 years$4,624$4,091$3,611$3,183$2,800$2,131
13 years$4,224$3,697$3,227$2,810$2,442$1,809
14 years$3,882$3,360$2,899$2,494$2,141$1,543
15 years$3,586$3,070$2,618$2,224$1,885$1,320
16 years$3,327$2,816$2,373$1,992$1,666$1,134
17 years$3,099$2,594$2,159$1,790$1,477$977
18 years$2,896$2,397$1,971$1,613$1,313$843
19 years$2,715$2,221$1,805$1,457$1,171$729
20 years$2,552$2,064$1,656$1,320$1,046$631
21 years$2,405$1,923$1,523$1,198$936$548
22 years$2,272$1,795$1,404$1,089$839$476
23 years$2,150$1,679$1,296$992$753$414
24 years$2,039$1,573$1,199$905$677$360
25 years$1,936$1,476$1,110$826$609$314
26 years$1,842$1,387$1,030$755$548$273
27 years$1,755$1,305$956$691$495$238
28 years$1,674$1,230$889$634$446$208
29 years$1,599$1,160$827$581$403$182
30 years$1,529$1,096$771$533$364$159
31 years$1,463$1,036$718$490$329$139
32 years$1,402$980$670$450$298$121
33 years$1,345$928$626$414$269$106
34 years$1,291$880$585$381$244$92
35 years$1,240$835$547$351$221$81
36 years$1,193$792$511$323$200$71
37 years$1,148$752$479$297$181$62
38 years$1,105$715$448$274$165$54
39 years$1,065$680$420$253$149$47
40 years$1,027$647$394$233$135$41
41 years$991$616$369$215$123$36
42 years$956$586$346$199$111$32
43 years$923$559$325$183$101$28
44 years$892$533$305$169$92$24
45 years$863$508$286$156$83$21
46 years$834$484$269$144$76$19
47 years$807$462$253$133$69$16
48 years$782$441$237$123$62$14
49 years$757$421$223$114$57$13
50 years$733$403$210$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $751,000, adding $2,230 every year, while hoping to spend $36,163 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: 61/27/12 Blend
60$751,000$751,000$751,000$751,000
61$829,902$790,099$778,459$878,018
62$876,075$790,337$766,060$910,827
63$925,746$789,374$752,034$942,301
64$979,232$787,114$736,288$975,762
65$1,036,885$783,454$718,724$1,011,405
66$1,099,088$778,284$699,242$1,049,444
67$1,166,264$771,488$677,736$1,090,118
68$1,238,876$762,945$654,093$1,133,690
69$1,317,435$752,523$628,199$1,180,451
70$1,402,501$740,084$599,931$1,230,725
71$1,494,690$725,482$569,163$1,284,869
72$1,594,680$708,562$535,762$1,343,277
73$1,703,217$689,161$499,589$1,406,387
74$1,821,119$667,104$460,499$1,474,684
75$1,949,289$642,208$418,342$1,548,703
76$2,088,719$614,279$372,958$1,629,035
77$2,240,499$583,109$324,183$1,716,336
78$2,405,831$548,482$271,844$1,811,331
79$2,586,036$510,168$215,761$1,914,819
80$2,782,568$467,923$155,746$2,027,687
81$2,997,028$421,490$91,602$2,150,914
82$3,231,179$370,597$23,124$2,285,581
83$3,486,959$314,956$0$2,432,885
84$3,766,504$254,264$0$2,600,543
85$4,072,165$188,200$0$2,787,196
86$4,406,529$116,426$0$2,991,524
87$4,772,448$38,583$0$3,215,341
88$5,173,058$0$0$3,460,649
89$5,611,816$0$0$3,743,237
90$6,092,527$0$0$4,065,463
91$6,619,383$0$0$4,418,679
92$7,196,998$0$0$4,805,987
93$7,830,457$0$0$5,230,803
94$8,525,358$0$0$5,696,891
95$9,287,870$0$0$6,208,395
96$10,124,785$0$0$6,769,880
97$11,043,586$0$0$7,386,376
98$12,052,516$0$0$8,063,423
99$13,160,656$0$0$8,807,123
100$14,378,007$0$0$9,624,200