Can I retire at age 61 with 751,000?

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 $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%13%
1 years$62,017$61,464$60,926$60,399$59,886$59,137
2 years$30,701$30,130$29,575$29,038$28,517$27,764
3 years$20,264$19,690$19,137$18,605$18,092$17,358
4 years$15,047$14,474$13,927$13,404$12,904$12,194
5 years$11,917$11,348$10,808$10,295$9,809$9,126
6 years$9,831$9,266$8,734$8,233$7,762$7,106
7 years$8,342$7,782$7,258$6,769$6,312$5,684
8 years$7,226$6,671$6,156$5,678$5,237$4,636
9 years$6,358$5,808$5,302$4,837$4,410$3,836
10 years$5,664$5,119$4,622$4,169$3,758$3,211
11 years$5,096$4,558$4,069$3,629$3,232$2,711
12 years$4,624$4,091$3,611$3,183$2,800$2,306
13 years$4,224$3,697$3,227$2,810$2,442$1,972
14 years$3,882$3,360$2,899$2,494$2,141$1,695
15 years$3,586$3,070$2,618$2,224$1,885$1,463
16 years$3,327$2,816$2,373$1,992$1,666$1,267
17 years$3,099$2,594$2,159$1,790$1,477$1,100
18 years$2,896$2,397$1,971$1,613$1,313$958
19 years$2,715$2,221$1,805$1,457$1,171$836
20 years$2,552$2,064$1,656$1,320$1,046$731
21 years$2,405$1,923$1,523$1,198$936$640
22 years$2,272$1,795$1,404$1,089$839$561
23 years$2,150$1,679$1,296$992$753$492
24 years$2,039$1,573$1,199$905$677$432
25 years$1,936$1,476$1,110$826$609$380
26 years$1,842$1,387$1,030$755$548$334
27 years$1,755$1,305$956$691$495$294
28 years$1,674$1,230$889$634$446$259
29 years$1,599$1,160$827$581$403$229
30 years$1,529$1,096$771$533$364$202
31 years$1,463$1,036$718$490$329$178
32 years$1,402$980$670$450$298$157
33 years$1,345$928$626$414$269$139
34 years$1,291$880$585$381$244$122
35 years$1,240$835$547$351$221$108
36 years$1,193$792$511$323$200$96
37 years$1,148$752$479$297$181$84
38 years$1,105$715$448$274$165$75
39 years$1,065$680$420$253$149$66
40 years$1,027$647$394$233$135$58
41 years$991$616$369$215$123$52
42 years$956$586$346$199$111$46
43 years$923$559$325$183$101$40
44 years$892$533$305$169$92$36
45 years$863$508$286$156$83$32
46 years$834$484$269$144$76$28
47 years$807$462$253$133$69$25
48 years$782$441$237$123$62$22
49 years$757$421$223$114$57$19
50 years$733$403$210$105$51$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $751,000, adding $5,440 every year, while hoping to spend $39,453 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: 55/33/12 Blend
60$751,000$751,000$751,000$751,000
61$833,213$793,410$781,770$876,192
62$876,223$790,310$765,981$902,860
63$922,298$785,735$748,342$927,116
64$971,709$779,572$728,747$952,604
65$1,024,752$771,700$707,090$979,450
66$1,081,755$761,991$683,255$1,007,793
67$1,143,075$750,310$657,125$1,037,789
68$1,209,105$736,512$628,576$1,069,611
69$1,280,278$720,445$597,477$1,103,451
70$1,357,068$701,948$563,694$1,139,526
71$1,439,995$680,850$527,084$1,178,074
72$1,529,633$656,971$487,500$1,219,361
73$1,626,611$630,118$444,787$1,263,684
74$1,731,621$600,089$398,782$1,311,372
75$1,845,424$566,670$349,319$1,362,791
76$1,968,855$529,635$296,219$1,418,348
77$2,102,835$488,744$239,299$1,478,494
78$2,248,375$443,744$178,367$1,543,732
79$2,406,589$394,367$113,222$1,614,619
80$2,578,700$340,330$43,654$1,691,773
81$2,766,056$281,334$0$1,775,879
82$2,970,138$217,064$0$1,871,616
83$3,192,578$147,186$0$1,982,130
84$3,435,171$71,348$0$2,102,791
85$3,699,892$0$0$2,234,669
86$3,988,915$0$0$2,382,875
87$4,304,636$0$0$2,573,137
88$4,649,690$0$0$2,781,143
89$5,026,977$0$0$3,008,650
90$5,439,692$0$0$3,257,593
91$5,891,354$0$0$3,530,104
92$6,385,834$0$0$3,828,528
93$6,927,399$0$0$4,155,450
94$7,520,744$0$0$4,513,714
95$8,171,044$0$0$4,906,456
96$8,883,995$0$0$5,337,126
97$9,665,870$0$0$5,809,526
98$10,523,582$0$0$6,327,843
99$11,464,743$0$0$6,896,689
100$12,497,735$0$0$7,521,145