Can I retire at age 61 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$62,099$61,546$61,007$60,480$59,966$58,139
2 years$30,742$30,170$29,615$29,077$28,555$26,731
3 years$20,291$19,716$19,163$18,630$18,116$16,351
4 years$15,067$14,494$13,946$13,422$12,921$11,228
5 years$11,933$11,363$10,822$10,309$9,822$8,207
6 years$9,844$9,279$8,746$8,244$7,772$6,236
7 years$8,353$7,792$7,268$6,778$6,321$4,863
8 years$7,235$6,679$6,164$5,686$5,244$3,864
9 years$6,366$5,816$5,309$4,843$4,416$3,112
10 years$5,671$5,126$4,628$4,175$3,763$2,533
11 years$5,103$4,564$4,075$3,633$3,236$2,079
12 years$4,630$4,096$3,616$3,187$2,804$1,717
13 years$4,230$3,702$3,231$2,814$2,445$1,425
14 years$3,888$3,365$2,903$2,498$2,144$1,188
15 years$3,591$3,074$2,621$2,227$1,887$994
16 years$3,332$2,820$2,376$1,994$1,668$834
17 years$3,103$2,597$2,162$1,792$1,479$701
18 years$2,900$2,400$1,974$1,615$1,315$591
19 years$2,719$2,224$1,807$1,459$1,172$498
20 years$2,556$2,067$1,658$1,322$1,047$421
21 years$2,409$1,925$1,525$1,199$937$356
22 years$2,275$1,797$1,406$1,091$840$302
23 years$2,153$1,681$1,298$993$754$256
24 years$2,041$1,575$1,201$906$678$217
25 years$1,939$1,478$1,112$827$610$184
26 years$1,844$1,389$1,031$756$549$156
27 years$1,757$1,307$958$692$495$132
28 years$1,676$1,232$890$634$447$113
29 years$1,601$1,162$828$582$403$96
30 years$1,531$1,097$772$534$365$81
31 years$1,465$1,037$719$490$330$69
32 years$1,404$982$671$451$298$59
33 years$1,347$930$627$414$270$50
34 years$1,293$881$586$381$244$42
35 years$1,242$836$547$351$221$36
36 years$1,194$793$512$323$200$31
37 years$1,149$753$479$298$182$26
38 years$1,107$716$449$275$165$22
39 years$1,066$681$421$253$149$19
40 years$1,028$648$394$233$135$16
41 years$992$617$370$215$123$14
42 years$957$587$347$199$112$12
43 years$925$559$325$184$101$10
44 years$893$533$305$169$92$8
45 years$864$509$287$156$83$7
46 years$835$485$269$145$76$6
47 years$808$463$253$134$69$5
48 years$783$442$238$123$62$4
49 years$758$422$224$114$57$4
50 years$734$403$210$105$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $752,000, adding $2,089 every year, while hoping to spend $39,752 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: 35/36/29 Blend
60$752,000$752,000$752,000$752,000
61$830,859$791,003$779,347$852,623
62$873,311$787,466$763,159$865,612
63$918,760$782,424$745,097$875,908
64$967,471$775,760$725,055$886,259
65$1,019,733$767,352$702,924$896,698
66$1,075,864$757,070$678,590$907,264
67$1,136,211$744,776$651,932$918,002
68$1,201,159$730,324$622,826$928,969
69$1,271,126$713,559$591,139$940,229
70$1,346,574$694,317$556,736$951,856
71$1,428,011$672,424$519,473$963,937
72$1,515,992$647,698$479,200$976,575
73$1,611,132$619,943$435,761$989,884
74$1,714,101$588,954$388,993$1,003,998
75$1,825,640$554,514$338,725$1,019,068
76$1,946,562$516,392$284,779$1,035,269
77$2,077,762$474,345$226,970$1,052,798
78$2,220,223$428,117$165,102$1,071,878
79$2,375,026$377,435$98,973$1,092,764
80$2,543,361$322,013$28,372$1,115,744
81$2,726,539$261,546$0$1,141,140
82$2,925,999$195,715$0$1,183,855
83$3,143,327$124,180$0$1,240,078
84$3,380,266$46,585$0$1,301,557
85$3,638,738$0$0$1,368,892
86$3,920,854$0$0$1,457,579
87$4,228,942$0$0$1,574,686
88$4,565,562$0$0$1,702,743
89$4,933,533$0$0$1,842,837
90$5,335,959$0$0$1,996,161
91$5,776,258$0$0$2,164,034
92$6,258,191$0$0$2,347,904
93$6,785,904$0$0$2,549,368
94$7,363,960$0$0$2,770,183
95$7,997,382$0$0$3,012,286
96$8,691,706$0$0$3,277,809
97$9,453,026$0$0$3,569,101
98$10,288,056$0$0$3,888,749
99$11,204,191$0$0$4,239,602
100$12,209,573$0$0$4,624,800